Asia barters for scarce energy as Iran crisis throttles supplies
- 31-Mar-2026
Indonesia’s leader visited Tokyo this week in Asia’s latest flurry of fuel bartering efforts to offset crippling shortages caused by conflict in the Middle East, a key source of regional energy supplies. The race for alternatives has hotted up as China, the world’s second largest economy, imposed fuel export bans, while nations such as South […]
Tropical storm deaths top 600 in Southeast Asia, over 4 million affected
- 01-Dec-2025
The death toll mounted to over 600 from floods and landslides caused by torrential rains across three countries in Southeast Asia, officials said on Sunday, as relief efforts for tens of thousands of displaced people continued over the weekend. Indonesia, Malaysia and Thailand faced large-scale devastation after a rare tropical storm formed in the Malacca […]
Asia to benefit from cheaper Canadian oil if Trump imposes tariffs
- 28-Nov-2024
Oil producers in Canada and Mexico will likely be forced to reduce prices and divert supply to Asia if U.S. President-elect Donald Trump imposes 25% import tariffs on crude imports from the two countries, traders and analysts said. Two sources familiar with Trump’s plan told Reuters that oil would not be exempted from potential tariff hikes […]
Asia hit hardest by climate, weather disasters in 2023:UN
- 23-Apr-2024
Asia was the world’s most disaster-hit region from climate and weather hazards in 2023, the United Nations said Tuesday, with floods and storms the chief cause of casualties and economic losses. Global temperatures hit record highs last year, and the UN’s weather and climate agency said Asia was warming at a particularly rapid pace. The […]
From rice to palm oil, Asian crops output forecast lower
- 31-Aug-2023
An unusually dry August has taken a toll on cereal and oilseed crops in Asia as El Nino intensified, and forecasts for lower rainfall in September are further threatening to disrupt supplies. While wheat output forecasts are being revised lower due to dry weather in Australia, the world’s second largest exporter, record-low monsoon rains are […]
Developing Asia on track to grow faster in 2023 – ADB
- 19-Jul-2023
MANILA: Developing Asia is on track to grow faster in 2023 from a year earlier as strong consumption and investment offset the impact of weak global demand, the Asian Development Bank (ADB) said on Wednesday. In an update to its regional economic outlook, the ADB kept its 2023 growth forecast for developing Asia at 4.8%, […]
Saudi Arabia cuts Feb Arab Light crude price for Asia
- 06-Jan-2023
Top crude exporter Saudi Arabia lowered prices for the flagship Arab light crude it sells to Asia to $1.80 a barrel above the Oman/Dubai average, the lowest since November 2021, Aramco said on Thursday. The price cut – $1.45 a barrel less than the January official selling prices and in line with market expectations – […]
Some Asia economies need interest rate hike to cool inflation – IMF
- 29-Jul-2022
Several Asian central banks must raise interest rates rapidly because inflationary pressures are rising due to a global surge in food and fuel costs caused by the war in Ukraine, said a senior International Monetary Fund (IMF) official. “Asia’s growing inflation pressures remain more moderate compared with other regions, but price increases in many countries […]
ADB trims Asia growth forecasts as Omicron threatens economy
- 14-Dec-2021
The Asian Development Bank warned Tuesday that the highly mutated Omicron coronavirus variant could have a “substantial” economic impact, as it trimmed its 2021 and 2022 growth forecasts for developing Asia. Despite a sharp drop in infections and increased vaccination across the region stretching from the Cook Islands in the Pacific to Kazakhstan in Central […]
Bitcoin steadies in Asia trading after Monday’s plunge
- 22-Jun-2021
Bitcoin was last up 3.17% at 32,600, having dropped more than 10% on Monday