Southeast Asia maritime build-up accelerates, raising risks in disputed seas Much of this equipment is likely to be used in and around the South China Sea, where Beijing's creation of artificial islands has alarmed some Asian countries and stoked tension between China's navy and the U.S. air force. The Philippines, Vietnam, Malaysia, Taiwan and Brunei also have overlapping claims. The interest in beefing up maritime capabilities was...
| By: Siva Govindasamy
Why the Nikkei rally will carry on Japanese stocks seem to be on an irresistible rally, hitting fresh fifteen-year highs for seven straight days, and cheap valuations are expected to propel them to greater heights, analysts say.
| By: Mia Tahara-Stubbs
India PM Modi's maiden year: 10 key milestones It's been a year since Indian Prime Minister Narendra Modi took the helm of the world's largest democracy. Here are 10 key highlights - and lowlights - from the leader's first year in office.
| By: Ansuya Harjani
Charter nears deal to buy Time Warner Cable Charter is nearing a deal to acquire Time Warner Cable in a transaction that would mark John Malone's latest conquest of the US cable industry.
Source: Financial Times
| By: James Fontanella-Khan
Death toll from defective GM ignition switches rises to 107 DETROIT- The death toll from faulty ignition switches in small cars made by General Motors has reached 107.. Victims' families are being offered compensation of at least $1 million each by attorney Kenneth Feinberg, who was hired by GM last year. GM paid $200 million to settle claims filed with Feinberg as of March 31.
Source: The Associated Press
Time running out for Greece, ESM head Regling says BERLIN, May 26- Time is running out for Greece to reach an agreement on reforms with lenders and there will be no further funds for Athens without it, the head of the European Stability Mechanism Klaus Regling told Germany's Bild newspaper on Tuesday. Without an agreement with the creditors, Greece will not get any new loans. That is also the case now and that's the...
| By: Erik Kirschbaum
Alberta energy minister inexperience a concern for industry CALGARY, Alberta, May 25- Canada's oil and gas industry is concerned about the inexperience of Alberta's new energy minister, but is ready to give her the benefit of the doubt for now as she takes on the closely watched role, analysts and executives said on Monday. Marg McCauig-Boyd, a one-time teacher with a master's degree in administration and leadership from...
| By: Scott Haggett
UPDATE 4-Charter Communications nears $55 bln deal for Time Warner Cable - sources May 25- Time Warner Cable Inc is nearing an agreement to be acquired by smaller peer Charter Communications Inc for about $55 billion, combining the second and third largest U.S. cable operators, people familiar with the matter said on Monday. A deal would create a major rival to Comcast Corp, the biggest operator in the U.S. cable and broadband market, and marks a...
| By: Liana B. Baker and Greg Roumeliotis