Bloomberg Growing demand from oil refiners and the continued filling of strategic crude reserves in the face of domestic production declines will support crude buying by the world’s second-largest consumer, according to analysts from Energy Aspects Ltd. and ICIS China. Coal imports will continue to rise to help fill a supply gap left by a mining slowdown. “Crude buying ...

  AFP The EU’s 28 member states agreed on Monday to launch free trade talks with Indonesia, despite growing public doubts in Europe about two major transatlantic deals. The deal with Indonesia will build on pacts with other Asian powers such as Singapore and Vietnam. “The EU and Indonesia represent a huge market of 750 million consumers. These negotiations are ...

  Bloomberg Malaysia’s second-largest pension fund plans to buy more bonds with maturities of 10 years and above to hedge against another interest-rate cut as it moves further toward becoming a full-fledged Islamic entity. Kumpulan Wang Persaraan (Diperbadankan), which manages about 120 billion ringgit (US$30 billion), is considering lowering its 5 percent minimum return target because of the uncertainty in ...

  Bloomberg Billionaire Mukesh Ambani’s plan to begin mobile services at Reliance Jio Infocomm Ltd by August has caused incumbent operators led by Bharti Airtel Ltd to cut data tariffs to stem defections. Airtel will offer prepaid customers as much as 67 percent more data for the same fees, according to a statement from India’s largest mobile company Sunday. Idea, ...

  Bloomberg Singapore state investment company Temasek Holdings Pte is considering a buyout offer for SMRT Corp, the city-state’s biggest subway operator, a person with knowledge of the matter said. Temasek is weighing an offer to buy all the shares it doesn’t already own in SMRT, according to the person, who asked not to be identified as the information is ...

  Istanbul / AFP Turkey launched fresh raids and sacked almost 9,000 officials on Monday in a relentless crackdown against suspects behind an attempted coup that left over 300 people dead, as Western allies warned against reinstating the death penalty. President Recep Tayyip Erdogan has vowed to wipe out the “virus” of the putschists after facing down the coup bid ...

  Beijing / AFP Beijing will close off access to part of the South China Sea for military drills, officials said on Monday, after an international tribunal ruled against its sweeping claims in the waters. An area off the east coast of China’s island province of Hainan will host military exercises from Tuesday to Thursday, China’s maritime administration said on ...

  Nablus / AFP Clashes erupted on Monday as Israel’s military demolished the home of a Palestinian accused of involvement in a February attack outside Jerusalem’s Old City that killed a policewoman, officials said. The family home of Bilal Abu Zeid in Qabatiya, in the north of the occupied West Bank, was destroyed by a bulldozer around 2:00 am (2300 ...

  Manila/ AFP Human rights are not a concern in Philippine President Rodrigo Duterte’s war on drugs, he said, as he vowed to ignore due process and compared himself to Ugandan dictator Idi Amin. Duterte’s threat came as the International Commission of Jurists (ICJ) joined the chorus of groups criticising Duterte’s advocacy of killing. In the latest of a series ...

  Yangon / AFP Continuing fighting is undermining Aung San Suu Kyi’s drive for lasting peace in Myanmar, rebel leaders warned Monday as they cautiously welcomed her new civilian-led government’s landmark talks. Suu Kyi has made peace a flagship policy of her new government, which took over in March after decades of brutal junta rule. She has strived to reach ...