HONG KONG -- PetroChina on Monday downplayed the impact of the Middle East conflict on its oil, gas and chemicals supply, as the state oil major laid out plans to lift spending on resource exploration and development.
Is Japan nearing an FX intervention? 5 things to know
TOKYO -- The yen's jittery trade around the 160 level against the dollar on Monday -- after briefly touching the key psychological threshold for the first time in 20 months -- highlights the market's central concern: the risk of currency market intervention by Japanese authorities.
Indonesia's Prabowo vows quicker energy transition amid global oil crisis
TOKYO -- President Prabowo Subianto has vowed to accelerate Indonesia's energy transition to protect the country against the global oil market disruption.
Thai CEOs' confidence hits three-year low, survey finds
BANGKOK -- Thai CEOs' confidence has hit a three-year low, according to an annual survey by professional services firm PwC.
Weak rupee gets brief respite after RBI curbs speculation
MUMBAI -- The Indian rupee halted its run of sharp declines, strengthening against the dollar Monday, after the country's central bank put a stronger cap on banks' speculative positions in the currency. Economists warn, however, the causes of the rupee's weakness remain.
ASICS president warns of price hikes if Middle East war drags on
JAKARTA -- Japanese sportswear maker ASICS may raise prices if the conflict in the Middle East drags on, the company's president has warned.
China's big banks eye profit relief but face new pressures from war, policy
HONG KONG -- Interest rates may be ready to turn in the favor of China's big state-owned banks, but they still face a bumpy road to profit growth as Beijing's economic balancing act and the Middle East conflict cast shadows on alternative sources of revenue.
Japan, Korea stocks fall 3% amid talk of Iran ground war
TOKYO -- Stocks in Japan and South Korea plunged on Monday, amid reports of possible U.S. ground operations against Iran, in a war now in its second month that has kept Persian Gulf oil supplies severely disrupted.
Grief and inflation haunt Myanmar's earthquake survivors
MANDALAY, Myanmar -- A year has passed since swaths of central Myanmar were devastated by a magnitude 7.7 earthquake. But for Dr. Nyi Nyi Aung the scars have barely begun to heal even though most of the rubble has been cleared.
Jeffrey Sachs warns Mideast conflict could spiral into World War III
TOKYO -- Jeffrey Sachs is a world-renowned economics professor, bestselling author and global leader in sustainable development. He has a many-decade connection to Japan and has often spoken about how his research on Japanese economics in the period after the Meiji era, which had lasted from 1868 to 1912, shaped his own thought on developmental economics.