Ten sailors missing after U.S. warship collides with tanker near Singapore

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20 Aug by

Ten sailors missing after U.S. warship collides with tanker near Singapore

SINGAPORE/WASHINGTON, Aug 21 (Reuters) - Ten sailors are missing after a U.S. warship collided with an oil tanker east of Singapore on Monday, the U.S. Navy said, the second accident involving U.S. Navy destroyers in Asian waters in little more than two months. The guided-missile destroyer USS John S. McCain collided with the merchant vessel Alnic MC while heading to Singapore for a routine port call, the Navy said in a statement.


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20 Aug by

Asian shares fragile as Trump turmoil, Korea tensions weigh

Asian shares fragile as Trump turmoil, Korea tensions weigh

Asian shares were fragile on Monday as investors remained unconvinced about U.S. President Donald Trump's ability to fulfill his economic agenda, even as the departure of his controversial policy strategist raised hopes of some progress. Japan's Nikkei shed 0.4 percent to hit a 3-1/2-month low, shrugging off a Reuters poll which showed confidence at Japanese manufacturers rose to its highest level in a decade in August. MSCI's broadest index of Asia-Pacific shares outside Japan was barely in the black thanks to modest gains in China, but in most other markets, including Australia, South Korea and Taiwan were in the red.


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20 Aug by

Oil steady as market conditions tighten despite rising U.S. output

Oil steady as market conditions tighten despite rising U.S. output

Oil markets were stable on Monday, largely holding on to Friday's big gains even though rising U.S. output weighed on hopes the market will tighten after a 13 percent fall in U.S. crude inventories since March. Brent crude futures, the international benchmark for oil prices, were at $52.70 per barrel at 0302 GMT, down a cent from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $48.54 a barrel, up 3 cents from their last settlement.


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20 Aug by

China regulator says Unicom reform plan does not violate rules, shares surge

China regulator says Unicom reform plan does not violate rules, shares surge

China Unicom's $11.7 billion ownership reform plan does not violate rules, the nation's securities regulator said, helping shares in the telecom group's units surge as they resumed trade on Monday after speculation that the deal was under scrutiny. The deal, in which Unicom's Shanghai-listed unit will tap more than a dozen major investors, including Alibaba Group , Tencent Holdings and Baidu , for funds, had sown much confusion after it was first announced last Wednesday. China Unicom had taken down a statement from the Shanghai stock exchange last week, citing technical issues, and shares in both units remained suspended last week.


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