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Risk assets set for positive 2021, Asia to lead: BlackRock
  + stars: | 2020-12-01 | by ( Divya Chowdhury | ) www.reuters.com + 0.00   time to read: +2 min
(Reuters) - The world’s biggest asset manager, BlackRock Inc, expects the overall backdrop for risk assets to be positive in 2021, supported by easy money from central banks, with Asia well-poised to lead the post-COVID-19 recovery. Some Asian central banks will remain on a neutral-to-accommodative path in 2021, he said, adding that Indonesia, India and Malaysia may have room to ease. For central banks in the United States and other developed markets, he said policy normalisation was not on the horizon. Seth expected the U.S. 10-year yield to be in the 1.00%-1.50% range by the end of 2021. For other news from Reuters Global Investment Outlook Summit 2021, click hereFollow Reuters Summits on Twitter @Reuters_Summits(This interview was conducted in the Reuters Global Markets Forum, a chat room hosted on the Refinitiv Messenger platform.
Persons: Neeraj Seth, ” Seth, Seth, normalisation, , deleveraging ” Organizations: Reuters, BlackRock Inc, New York U.S, BlackRock, Reuters Global Markets, Reuters Global Investment Outlook, Reuters Global Investment, GMF Locations: Asia, New York, Hong Kong, Indonesia, India, Malaysia, United States, China, South Korea, Singapore, Vietnam, “ China
European Union and ASEAN to form strategic partnership: Germany
  + stars: | 2020-12-01 | by ( Reuters Staff | ) www.reuters.com + 0.99   time to read: +1 min
German Foreign Minister Heiko Maas speaks during a virtual news conference where he informed about a virtual meeting of EU-ASEAN Foreign Ministers and an upcoming NATO Foreign Ministers meeting, at the Federal Foreign Office in Berlin, Germany, December 1, 2020. Clemens Bilan/Pool via REUTERSBERLIN (Reuters) - The European Union and the ASEAN group of southeast Asian countries have agreed to upgrade their relationship to a strategic partnership, current EU president Germany said on Tuesday. “Together, we represent more than a billion people and almost 25 per cent of global economic power. Together, we have a strong voice in this world,” said Maas, who gave no specific details on what the strategic partnership would entail. ASEAN groups Brunei, Vietnam, Laos, Cambodia, Thailand, Myanmar, Malaysia, Singapore, Indonesia and the Philippines.
Persons: Heiko Maas, Clemens Bilan, Germany, , Maas Organizations: EU, ASEAN Foreign Ministers, NATO, Federal Foreign Office, REUTERS BERLIN, European Union, ASEAN, , Association of Southeast Asian Nations, Comprehensive Economic Locations: Berlin, Germany, Brunei, Vietnam, Laos, Cambodia, Thailand, Myanmar, Malaysia, Singapore, Indonesia, Philippines, China, Japan, South Korea, Australia, New Zealand
Malaysia to charge Top Glove over poor worker accommodation, government says
  + stars: | 2020-12-01 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +2 min
KUALA LUMPUR (Reuters) - Malaysia said on Tuesday it would file charges against Top Glove Corp because of poor worker accommodation provided by the world’s biggest maker of medical gloves. FILE PHOTO: A worker inspects newly-made gloves at Top Glove factory in Shah Alam, Malaysia August 26, 2020. REUTERS/Lim Huey Teng/File PhotoThe Labour Department, part of the Ministry of Human Resources, launched investigations into worker accommodation and hostels after last month’s COVID-19 outbreak at a Top Glove factory in an industrial area near the capital Kuala Lumpur. Top Glove said it was working to improve accommodation by Dec. 31, the end of a grace period for employers to meet new government rules on accommodation standards. Responding to comments by the Malaysian authorities about its accommodation, Top Glove said: “Efforts to source more accommodation and to improve existing worker accommodation are ongoing, in view of the large number of workers we employ.”It said it expected to complete this around Dec. 31.
Persons: Lim Huey Teng, Asri Ab Rahman, Organizations: Reuters, Corp, REUTERS, Labour Department, Ministry of Human Resources, Department of Labour Peninsular Malaysia, Malaysian Locations: KUALA LUMPUR, Malaysia, Shah Alam, Kuala Lumpur, United States
New Zealand raises concerns with China over Australian soldier image
  + stars: | 2020-12-01 | by ( Praveen Menon | ) www.reuters.com sentiment -0.97   time to read: +2 min
WELLINGTON (Reuters) - New Zealand’s prime minister, Jacinda Ardern, said on Tuesday that her government has raised concerns with China about its using an image of an Australian soldier holding a knife to the throat of an Afghan child. “New Zealand has registered directly with Chinese authorities our concern over the use of that image,” Ardern told reporters in the parliament in the capital Wellington. New Zealand has a shared history, close cultural ties, geographic proximity and a strong economic relation with Australia. New Zealand will host the Asia-Pacific Economic Cooperation (APEC) next year, taking over from Malaysia, where the global event was held this year. Australia’s relationship with China has deteriorated since Canberra called for an international inquiry into the origins of the coronavirus pandemic.
Persons: Jacinda Ardern, ” Ardern Organizations: WELLINGTON, Reuters, Twitter, World Health Organization, WHO, Economic Cooperation Locations: China, Australia, Beijing, , Zealand, Wellington, New Zealand, Britain, Canada, United States, Hong Kong, Beijing . New Zealand, Asia, Malaysia, Canberra
But funds raised so far in 2020 totaled around $3.94 billion, exceeding last year's roughly $3 billion, according to Deloitte. The consultancy studied IPO trends in six major Southeast Asian stock markets: Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. Both the number of offerings and amount of funds raised were lower than last year's, when 161 IPOs raised $7.34 billion, said Deloitte. But the listings of several homegrown companies in Thailand this year appealed "strongly" to investors and fund managers, said Wilasinee Krishnamra, disruptive events advisory leader at Deloitte Thailand, in a webinar last week. Thailand vs. SingaporeThailand looks set to beat Singapore for the second consecutive year to take the top spot in Southeast Asia's IPO market, according to data by Deloitte.
Persons: Lilian Suwanrumpha, Wilasinee Krishnamra, Tay Hwee Ling, Tay Organizations: Central Retail Corporation, Stock Exchange of, AFP, Getty, Deloitte, Thailand's, Monetary, Deloitte Thailand, CRC, Singapore, Nanofilm Technologies, Singapore Exchange, Deloitte Southeast Locations: Stock Exchange of Thailand, Bangkok, SINGAPORE, Thailand, Indonesia, Malaysia, Philippines, Singapore, Vietnam, Southeast Asia, Europe, Singapore Thailand, Deloitte Southeast Asia
New Zealand regulator charges 13 parties over White Island eruption tragedy
  + stars: | 2020-11-30 | by ( Praveen Menon | ) www.reuters.com sentiment -0.99   time to read: +2 min
WELLINGTON (Reuters) - New Zealand’s workplace regulator has filed charges against 13 parties following an investigation into a volcanic eruption on White Island in 2019 which killed 22 people. Slideshow ( 2 images )A surprise eruption on the White Island, also known by its Maori name of Whakaari, on Dec 9 last year, killed 22 people and injured dozens. Worksafe, New Zealand’s primary regulator for workplace related incidents, said in a news conference its investigations found 13 parties had not met their health and safety obligations in taking the tourists to the White island. Three individuals were charged as directors or individuals who were required to exercise due diligence to ensure the company meets its health and safety obligations. At the time of the eruption questions were raised why people were allowed on the island, a popular destination for day-trippers, given there was reportedly a heightened risk of an eruption.
Persons: , Phil Parkes, Worksafe, WorkSafe Organizations: WELLINGTON, Reuters, Health, Zealand Locations: Australia, United States, Malaysia, New Zealand
SINGAPORE – Developing countries may face a long wait if they want a vaccine made in the West, but there's always the option of turning to China , says an economist from DBS. "Considering the billions of doses needed, and the risk [of] falling at the back of a very long line for Western vaccines, the appeal of the Chinese vaccines is apparent," Taimur Baig, chief economist and managing director at DBS Group Research, said in a note. There will be a rush to procure Western vaccines when they're approved by regulators, and poorer countries may find them unaffordable. According to Citi, developed countries have collectively secured 85% of total bilateral pre-orders of coronavirus vaccines. Sinopharm, or China National Pharmaceutical Group, reportedly submitted an application to Chinese authorities last week seeking approval.
Persons: there's, Taimur Baig, That's Organizations: China National Biotec Group, Sinopharm Group, Fair for Trade, Services, Beijing, Park, DBS, DBS Group Research, Citi, European Union, Ministry of Foreign Affairs, China National Pharmaceutical Group Locations: Beijing, China, SINGAPORE, U.S, Australia, Canada, Japan, Cambodia, Malaysia
Saudi and Israeli sources say that Prime Minister Benjamin Netanyahu and Crown Prince Mohammad bin Salman met covertly on November 22, the first such meeting between Israeli and Saudi leaders. Full normalization between Saudi Arabia and Israel remains unlikely in the near term, but defense and intelligence cooperation will continue to advance in the coming months. Saudi Arabia, and in particular its high-profile development projects like Neom, are reliant on advanced technologies such as biotech, agricultural tech and cyber technologies to succeed. However, Saudi Arabia has not yet shown that it's prepared to make the jump to normalization with Israel without the formation of a Palestinian state. Domestic backlash in Saudi Arabia could also cause notable security concerns.
Persons: Benjamin Netanyahu, Prince Mohammad bin Salman, Mike Pompeo's, Netanyahu, Saudi Crown Prince, Yossi Cohen, Mike Pompeo, Donald Trump, Abu Dhabi's, Prince Mohammed bin Zayed Al Nahyan, Evan Vucci, Joe Biden, Biden, Saudi Arabia's, Saudi King Salman bin Abdulaziz, it's, King Salman, Prophet Muhammad Organizations: Saudi, Reuters, Street, Saudi Crown, Iran, United, United Arab, Trump White House, AP, Congress, Trump, Saudi Press Agency, Handout, United Arab Emirates, Initiative Locations: Saudi Arabia, Israel, Saudi, Neom, United States, Arab Gulf, United Arab Emirates, Bahrain, Sudan, Riyadh, Evan Vucci Saudi Arabia, Iran, Yemen, Saudi Arabian, Iraq, Lebanon, Syria, Pakistan, Indonesia, Malaysia, Bangladesh, Palestinian, France
Three islands will be built in Penang, Malaysia to serve as cultural, business, and residential hubs. Transportation on the island will consist of autonomous boats, vehicles, and air travel, leaving the 4,500 planned acres car-free and pedestrian friendly. Bjarke Ingels Group, among other private entities, is partnering with Malaysia's Penang state government to create the Penang South Islands. Bjarke Ingels Group, or BIG for short, and Ramboll, a project managing and engineer company, were recently selected by the Penang government to design the Penang South Islands project that will total up to 4,500 acres. To tackle this looming issue, the BiodiverCity will be designed as "urban lilypads" of three different islands and plans that will be accessible via different modes of transportation and the ability to gather resources from the islands themselves.
Persons: Bjarke, Knight Frank, Ernst, Young Organizations: Transportation, Bjarke Ingels, Malaysia's, Ingels Locations: Penang, Malaysia, Malaysia's Penang, Penang South Islands, Laguna
Malaysia will hold an election after coronavirus is over: PM
  + stars: | 2020-11-28 | by ( Joseph Sipalan | ) www.reuters.com sentiment -0.97   time to read: +1 min
FILE PHOTO: Malaysia's Prime Minister Muhyiddin Yassin poses for a picture at the parliament, in Kuala Lumpur, Malaysia November 26, 2020. Malaysia Information Department/Zarith Zulkifli/Handout via Reuters/File PhotoKUALA LUMPUR (Reuters) - Malaysia will hold a general election when the novel coronavirus pandemic is over, Prime Minister Muhyiddin Yassin said on Saturday, shortly after he averted a showdown by winning parliamentary support for his administration’s budget. “God willing, when COVID-19 is over, we will hold a general election,” Muhyiddin said in a speech at a virtual annual general meeting of his Bersatu party. Muhyiddin said he met UMNO President Ahmad Zahid Hamidi this week and they agreed to mend ties between their parties and avoid competing against each other when an election is called. Malaysia is facing a new wave of coronavirus infections, with cumulative cases rising more than four-fold since September to more than 60,000 as of Friday.
Persons: Muhyiddin Yassin, Zarith, , ” Muhyiddin, , Anwar Ibrahim, Muhyiddin, Ahmad Zahid Hamidi Organizations: Malaysia's, Malaysia Information Department, Reuters, United Malays National Organisation Locations: Kuala Lumpur, Malaysia, Handout, KUALA LUMPUR
Airbus sells six jets rejected by AirAsia, denting surplus: sources
  + stars: | 2020-11-27 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
FILE PHOTO: Fuselage sections of Airbus A320-family aircrafts are seen at the Airbus facility in Montoir-de-Bretagne near Saint-Nazaire, France, July 1, 2020. REUTERS/Stephane Mahe/File PhotoPARIS (Reuters) - Airbus has found homes for six A320neo-family aircraft rejected by one of its largest customers, Malaysia’s AirAsia, as it makes further progress in reducing an overhang of jets left by the coronavirus crisis, industry sources said. The fate of the jets had been widely watched as they became an emblem of pandemic-induced problems in the aerospace industry coupled with a chill in ties between two of its major players. In an unusually open rift as the crisis deepened, Airbus placed six jets it had built for AirAsia on sale by an industry tender after the carrier publicly halted taking new aircraft. Airbus provided no comment.
Persons: Stephane Mahe Organizations: Airbus, REUTERS, PARIS, Malaysia’s AirAsia, AirAsia Locations: Montoir, Bretagne, Saint, Nazaire, France
Airbus re-sells six jets built for AirAsia, denting surplus
  + stars: | 2020-11-27 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +2 min
PARIS (Reuters) - Airbus has found homes for six A320neo-family aircraft rejected by one of its largest customers, Malaysia’s AirAsia, as it makes further progress in reducing a surplus of jets left by the coronavirus crisis, industry sources said. In an unusually semi-public rift as the crisis deepened, Airbus in April placed six jets it had built for AirAsia on sale by tender after the carrier halted taking jets. Airbus has been steadily increasing deliveries as it strikes deals with airlines to reschedule deliveries or store jets. The redeployment of AirAsia aircraft is expected to trim the surplus further as deliveries top output in November. AirAsia said in April it would stop taking deliveries of any Airbus jets this year and review remaining orders.
Organizations: PARIS, Airbus, Malaysia’s AirAsia, AirAsia, Reuters, Boeing, Air Locations: Air Asia
Airbus re-sells six unwanted jets built for AirAsia
  + stars: | 2020-11-27 | by ( Tim Hepher | ) www.reuters.com + 0.00   time to read: +2 min
Tensions became unusually public when Airbus in April invited tenders for six jets that AirAsia had failed to take delivery of. It has now found homes for all six, the last of which is being delivered this month, a European industry source told Reuters. Airbus has been steadily increasing deliveries as it strikes deals with airlines to reschedule deliveries or store jets. AirAsia said in April it would stop taking deliveries of all Airbus jets this year and review remaining orders. The European source said AirAsia remained an important partner for Airbus.
Organizations: PARIS, Airbus, Malaysia’s AirAsia, AirAsia, Reuters, Boeing, IBA Group, Air, overcapacity Locations: Air Asia, Southeast Asia
Covid-19 Infections Surge at One of World’s Largest Medical Glove Makers
  + stars: | 2020-11-27 | by ( Jon Emont | Chester Tay | ) www.wsj.com sentiment -0.99   time to read: +1 min
Malaysia’s government this week counted 83 active clusters of infections connected to workplaces around the country, most prominently an industrial area that houses the world’s largest glove manufacturer. The company stopped work in at least 20 of its 41 factories in Malaysia and reduced operations at others, according to its statements. Outbreaks have also centered on a Kuala Lumpur construction site, which is linked to more than 1,500 infections, and a logistics company tied to dozens of cases in the nation’s south. Another cluster linked to factory work grew to more than 1,000 infections and has spread to three states in the country, according to the health ministry. By May, the country had eased restrictions on movement and joined the club of east Asian nations that have subdued the virus.
Persons: Malaysia’s Organizations: Corporation Bhd Locations: KUALA LUMPUR, Malaysia, Kuala Lumpur
Malaysia's prime minister gains political lifeline with budget approval
  + stars: | 2020-11-27 | by ( ) www.cnbc.com + 0.00   time to read: +4 min
Malaysia's Prime Minister Muhyiddin Yassin unveils his new cabinet members at the Prime Minister's Office in Putrajaya on March 9, 2020. Malaysia's Parliament approved the government's proposed 2021 budget on Thursday, throwing a political lifeline to embattled Prime Minister Muhyiddin Yassin amid strong resistance to his 9-month-old leadership. He insisted that "this is a COVID-19 budget, a budget for survival and resilience." "A budget vote has always been a de facto vote of confidence or no-confidence in the government," said Ahmad Fauzi Abdul Hamid, a political science professor at Malaysia's University of Science. He said his camp will scrutinize details in the proposed budget in the second round of debate and will oppose it if changes are not made.
Persons: Muhyiddin Yassin, Zafrul Aziz, Muhyiddin, Ahmad Fauzi Abdul Hamid, Anwar Ibrahim, Anwar Organizations: Malaysia's, Finance, Malaysia's University of Science, United Malays National Organization, Malay, Singapore Institute of International Affairs Locations: Putrajaya, Malaysia's, Muhyiddin
Question remains on how Malaysia will fund its 2021 budget, says economist
  + stars: | 2020-11-27 | by ( ) www.cnbc.com sentiment -1.00   time to read: 1 min
Question remains on how Malaysia will fund its 2021 budget, says economistIt's not clear Malaysia can achieve the economic growth it needs to boost government revenues, says Wellian Wiranto of OCBC Bank.
Persons: It's, Wellian Organizations: OCBC Bank Locations: Malaysia
Harris’s Jamaican heritage, and her many accomplishments, fuel a particularly deep-welled source of pride throughout the region. ‘The rot in your democracy will continue to spread’Glen Rowe, Nanaimo, British Columbia: As a neighbor and a friend, I am deeply concerned for the well-being of your country. Most of the American expats I know in Israel share my negative view of Donald Trump. To do this, Biden needs to show no leniency to Donald Trump and let the law take its natural course. If a court were to sentence Trump to prison, Biden should not try to protect him.
Persons: Harris, ’ Glen, Biden, Mitch McConnell, ‘ Trump, Terry Plasse, Sde Yaakov, I’m, Donald Trump, Trump, ‘ Biden, ’ Mohammad Reza Mohammad Karimi, , Asia Hope, Ung, George, Jeff Axelrod, They’ve, I’ve, they’ve Organizations: Biden, Embassy, U.S, Green New Locations: ’ Glen Rowe, Nanaimo, British Columbia, Israel, U.S, Jerusalem, Karaj, Iran, Asia, Londhe, Pune, India, George Town, Penang, Malaysia, Southeast Asia, South, Taiwan, China, South China, Zhangjiagang, Jiangsu, American
Citi and American Airlines offer a number of co-branded credit cards, including the Citi® / AAdvantage® Platinum Select® World Elite™ Mastercard®. You'll also earn American Airlines miles for your everyday spending, including 2x miles on American Airlines purchases and at restaurants and gas stations, and 1x miles everywhere else. American Airlines $125 flight discountEach card anniversary year in which you spend $20,000 or more, you'll earn a $125 American Airlines flight discount certificate. Your discount code will come via email 8-12 weeks after renewing your card, and it's valid for flights on American Airlines (and flights marketed by American Airlines on regional carriers Compass Airlines, Envoy Air, Republic Airways, SkyWest Airlines, Mesa Airlines, PSA Airlines, and Piedmont Airlines), as well as oneworld partners. The discount is valid on American Airlines flights, plus American Airlines-marketed flights on Compass Airlines, Envoy Air, Republic Airways, SkyWest Airlines, Mesa Airlines, PSA Airlines, and Piedmont Airlines.
Persons: Cardholders, You'll, you'll, you've, We're, it's Organizations: Finance, Citi, American Express, Citi ®, Mastercard, Airlines, American Airlines, American, Flight, Citi Flex, Citi Flex Plan, oneworld, Citi American Airlines, Elite, Admirals, Delta, British Airways Cathay, Iberia Japan Airlines Malaysia Airlines Qantas Qatar Airways Royal Air Maroc Royal Jordanian Airlines S7 Airlines SriLankan Airlines, Alaska Airlines, Horizon, China Southern Airlines, Etihad Airways, Fiji Airways, Hawaiian Airlines, Virgin Islands, Admirals Club, Compass Airlines, Envoy Air, Republic Airways, SkyWest Airlines, Mesa Airlines, PSA Airlines, Piedmont Airlines, Virgin Islands . American Airlines Locations: Europe, American, Iberia, Air Tahiti Nui, Cape Air, GOL Airlines, Hawaii, Virgin, Canada, Puerto Rico
RCEP trade deal a 'win-win' for Malaysia and other members, minister says
  + stars: | 2020-11-26 | by ( ) www.cnbc.com + 1.00   time to read: 1 min
RCEP trade deal a 'win-win' for Malaysia and other members, minister saysThe Regional Comprehensive Economic Partnership will give Malaysian companies access to a bigger market, says Mohamed Azmin Ali, the country's international trade and industry minister.
Persons: Mohamed Azmin Ali Locations: Malaysia
SINGAPORE — Top Glove, the world's largest medical glove maker, has shut 20 manufacturing sites in Malaysia after thousands of workers tested positive for Covid-19. A total of 2,684 Top Glove employees — most of them foreign workers — have tested positive as of Wednesday, local media reported, citing Malaysia's Senior Minister for Security and Minister of Defence Ismail Sabri Yaakob. Authorities in the country are testing all Top Glove workers in the affected factories and dormitories for the coronavirus. Minister of International Trade and Industry Mohamed Azmin Ali told CNBC on Thursday that the government hopes to "mitigate this problem within next two weeks." Azmin pointed out that Top Glove was one of companies allowed to continue with full operations throughout Malaysia's lockdown, given its importance to both the local and global markets.
Persons: Ismail Sabri Yaakob, Industry Mohamed Azmin Ali, CNBC's, Azmin Organizations: Malaysia's, Security, Authorities, of International Trade, Industry, CNBC Locations: SINGAPORE, Malaysia
Malaysia's PM Muhyiddin faces bellwether vote on 2021 budget
  + stars: | 2020-11-25 | by ( Joseph Sipalan | ) www.reuters.com sentiment -0.99   time to read: +2 min
FILE PHOTO: Malaysia's Prime Minister Muhyiddin Yassin speaks during opening remarks for virtual APEC Economic Leaders Meeting 2020, in Kuala Lumpur, Malaysia November 20, 2020. REUTERS/Lim Huey TengKUALA LUMPUR (Reuters) - Malaysia’s parliament will on Thursday decide whether to approve the government’s 2021 budget, in a vote that could decide Prime Minister Muhyiddin Yassin’s political future as the country grapples with a coronavirus-induced health and economic crisis. Malaysia’s saw its cumulative cases rise by over four-fold since September to nearly 60,000 on Wednesday, in the aftermath of an election in Sabah state in Borneo. On Tuesday, 20 members of the executive from his ruling coalition’s largest bloc, which is led by the United Malays National Organisation (UMNO) former ruling party, pledged support for Muhyiddin and his budget. But the premier faces dissent in UMNO, whose backing remains tenuous after former leader and Prime Minister Najib Razak attempted to broker conditional support for Anwar from among the party’s lawmakers.
Persons: Muhyiddin Yassin, Lim Huey, Muhyiddin, Anwar Ibrahim, Malaysia’s, Najib Razak, Anwar, , Adib Organizations: Malaysia's, APEC, REUTERS, Reuters, United Malays National Organisation Locations: Kuala Lumpur, Malaysia, KUALA LUMPUR, Sabah, Borneo
MH17 judges reject request for investigation into alternative crash scenarios
  + stars: | 2020-11-25 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: 1 min
AMSTERDAM (Reuters) - Judges hearing the case against four defendants in the 2014 downing of Malaysia Airlines flight MH17 on Wednesday rejected a request by defence attorneys for more time to investigate alternative scenarios about what caused the crash. An international investigation led by the Netherlands, from where roughly two-thirds of the 298 victims originated, concluded that the plane was shot down with a Russian missile. The Dutch government holds Moscow responsible. Russia denies any responsibility for the disaster.
Organizations: Malaysia Airlines Locations: AMSTERDAM, Netherlands, Russian, Moscow, Russia
MH17 judges reject request to investigate alternative crash scenarios
  + stars: | 2020-11-25 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +2 min
AMSTERDAM (Reuters) - Judges hearing the case against four defendants in the 2014 downing of Malaysia Airlines flight MH17 over eastern Ukraine rejected on Wednesday a defence request for more time to investigate alternative explanations for the crash. The Dutch government holds Moscow responsible, and three Russians and a Ukrainian are on trial for murder. One, Russian Oleg Pulatov, is represented in court proceedings; the other three are being tried in absentia. Russia has always denied involvement and has promoted a range of alternative theories, which the investigators rejected as unsupported by evidence. He added the court would also like to hear from the other suspects -- Russians Sergey Dubinsky and Igor Girkin, and Ukrainian Leonid Kharchenko -- who have never cooperated with the court.
Persons: MH17, Russian Oleg Pulatov, Judge Hendrik Steenhuis, Steenhuis, Sergey Dubinsky, Igor Girkin, Leonid Kharchenko, Russia’s Organizations: Malaysia Airlines, Joint Investigation Locations: AMSTERDAM, Ukraine, Amsterdam, Kuala Lumpur, Dutch, Russian, Moscow, Ukrainian, Russia, Netherlands, Australia
Unified ASEAN can avert South China Sea conflict - Philippine minister
  + stars: | 2020-11-25 | by ( Karen Lema | ) www.reuters.com sentiment -0.99   time to read: +2 min
MANILA (Reuters) - Tensions in the South China Sea will increase due to a U.S.-China rivalry that could be kept in check, if only Southeast Asian countries took a united stand to influence the status quo, a top Philippine security official said on Wednesday. China says it has historical sovereignty over nine-tenths of the South China Sea. Lorenzana said the issue was front and centre during discussions since May with counterparts in Japan, China, Australia, France and the United States. That the South China Sea is important to a lot of nations,” he said. Lorenzana said Southeast Asia worries the risk of armed conflict is rising.
Persons: Delfin Lorenzana, Romeo Ranoco, ” Lorenzana, ” Lorenzana’s, Lorenzana, , Organizations: Philippine Defence, REUTERS, of Southeast Asian Nations, Defence, ASEAN Locations: MANILA, South, U.S, China, Philippine, Aquinaldo, Quezon city, Manila, Philippines, South China, Beijing, Washington, The Philippines, Malaysia, Brunei, Vietnam, Japan, Australia, France, United States, ” China, Southeast Asia
FILE PHOTO: A Cessna 525A CitationJet CJ2+ plane of German JK JetKontor lands at Riga International Airport, in Riga, Latvia March 15, 2019. REUTERS/Ints Kalnins/File Photo(Reuters) - Cessna business jet maker Textron Inc said on Wednesday it has agreed to sell a portion of its flight simulation and training business to Canada’s CAE Inc for $40 million in cash. The assets being sold include Textron’s flight simulator manufacturing operations in Montreal, as well as certain entities in France and Malaysia and a minority interest in a joint venture in Iceland. Textron’s flight simulation and training operations in Tampa, Florida are not included in the sale, the company said. The deal is expected to close during the fourth quarter of 2020 or in early 2021.
Persons: JK JetKontor, Ints Organizations: Cessna, Riga International Airport, REUTERS, Textron Inc, CAE Inc Locations: Riga, Latvia, Montreal, France, Malaysia, Iceland, Tampa , Florida
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