India on Wednesday relaxed its rules for setting up fuel stations in the country after a gap of 17 years, opening to non-energy companies a sector long eyed by global oil majors. India, where fuel demand is expected to rise in coming years, has become a lucrative market after the government removed controls on retail pricing of gasoline and gasoil.
Indonesian President Joko Widodo took what appeared to be his biggest political gamble on Wednesday by including former general Prabowo Subianto in the cabinet, his main rival who has long harbored ambitions for the presidency.
China's premier Li Keqiang says cooperation between China and the United States can create mutual benefit, as negotiations between the world's two largest economies over a trade war continue to drag on. "I believe cooperation between China and the US can create mutual benefit.
* Westpac flags $233 million hit to H2 cash earnings. * Rio Tinto up on plans to review NZ aluminium smelter. * NZ index records worst session in over 2 mths.
Japanese government bond prices were largely unchanged on Wednesday, as investors awaited policy announcements from some of the major central banks across the globe, starting later this week. Benchmark 10-year JGB futures rose 0.07 point to 154.14, with a trading volume of 14,426 lots, in late afternoon trade.
Chinese state television did not air the National Basketball Association's season opening games, underscoring the damage on the U.S. league's business in the country following a Houston Rockets executive's tweet supporting Hong Kong protesters.
SINGAPORE--Singapore's consumer price index rose as expected in September with higher food prices offset by lower housing and utility costs. The CPI rose 0.5% on year in September, the same pace as in August. It matched the median estimate from a Wall Street Journal poll of seven economists.
KUALA LUMPUR, Malaysia--Malaysia's inflation in September eased and came in lower than expected. The consumer-price index in September climbed 1.1% from a year earlier, the Department of Statistics said Wednesday. That compared with August's 1.5% rise and the 1.3% increase tipped by a Wall Street Journal poll of seven economists.
SYDNEY--Australian Treasury Secretary Steven Kennedy is pushing back on calls for the government to ramp up spending to support economic growth, saying that instances in which budgetary stimulus is needed are rare and usually associated with external shocks. "In periods of crisis, there is a case for further temporary fiscal actions... The circumstances or crisis that would warrant temporary fiscal responses are uncommon, "he said in testimony before Australia's Parliament...
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