Showing 1 - 10 of 154
Iranian warship sunk by US torpedo participated in Indian drill
Reuters, Published on 05/03/2026
» NEW DELHI: The U.S. attack on an Iranian warship in the Indian Ocean this week was the first time since World War Two that the United States has sunk an enemy vessel with a torpedo. The following details are based on accounts from Sri Lankan, U.S. and Iranian officials of the March 4 incident, part of U.S. and Israeli attacks on Iran and its military assets.
Oil jumps 10% on Iran conflict and could spike to $100 a barrel, analysts say
Reuters, Published on 01/03/2026
» LONDON: Brent crude jumped 10% to about $80 a barrel over the counter on Sunday, oil traders said, while analysts predicted that prices could climb as high as $100 after U.S. and Israeli strikes on Iran plunged the Middle East into a new war.
Thai central bank 'taking action' on baht, worried by rapid rise
Reuters, Published on 16/12/2025
» The Bank of Thailand (BoT) has taken action to tackle the appreciation of the baht, BoT Governor Vitai Ratanakorn said on Tuesday.
Asian equities see biggest foreign outflows in nearly six years
Reuters, Published on 11/12/2025
» BENGALURU — Asian equities witnessed their largest monthly foreign outflows in nearly six years in November, driven by a selloff in high-flying technology stocks as concerns over stretched valuations prompted investors to cut exposure.
China floods the world with gasoline cars it can't sell at home
Reuters, Published on 02/12/2025
» WARSAW — China's electric vehicle (EV) industry captured half its domestic market in just a few years, crushing sales of gasoline-powered vehicles from once-dominant global automakers.
Honda's bigger threat comes from China's EV makers, not tariffs or chips
Reuters, Published on 11/11/2025
» TOKYO — Honda's downgrade to its full-year profit outlook underscores the immediate pressure from US tariffs and global chip shortages - but the deeper, longer-term challenge lies in intensifying competition from Chinese electric vehicle (EV) makers.
US airlines scramble to rejig schedules as government orders flight cuts
Reuters, Published on 06/11/2025
» BENGALURU — US airlines were scrambling on Thursday to rejig schedules and fielding a flood of customer queries after the United States ordered flight cuts at some of the nation's busiest airports, the latest travel disruption from the prolonged government shutdown.
Southeast Asia set to export surplus biofuels to Europe
Reuters, Published on 10/09/2025
» SINGAPORE — Southeast Asia is positioned to export biofuels to other markets such as Europe as production capacity exceeds demand in the region, a senior executive with Malaysian state oil and gas company Petronas said on Wednesday.
Indonesia to launch crackdown on illegal mines in forests
Reuters, Published on 28/08/2025
» JAKARTA — Indonesia's forestry task force is planning a crackdown starting Sept 1 on mines operating without proper permits in around 4.27 million hectares (10.55 million acres) of forest areas, an official said on Thursday.
South Korea visa waiver to lift travel but not Chinese airline profits
Reuters, Published on 26/08/2025
» BEIJING — South Korea's decision to grant visa-free entry to Chinese tour groups will lift China's weak outbound travel numbers but not enough to boost the bottom lines of struggling Chinese airlines, analysts said.