• Reuters

    Indonesia proposes cutting payments for S.Korea fighter jet project, Yonhap reports

    Indonesia has proposed to cut its share of payments for a joint fighter jet development project with South Korea to about one-third of the originally agreed amount, South Korean news agency Yonhap reported on Monday. Indonesia recently suggested to the South Korean government that it would pay about 600 billion won ($442.47 million) for the KF-21 joint fighter jet project, Yonhap reported, citing multiple unnamed government sources.

  • Reuters

    Asia shares rally on Fed cut bets; yen pares gains

    Asian stocks rose on Monday on renewed bets that the Federal Reserve would likely ease rates this year, while the yen weakened after a strong surge last week from Tokyo's suspected currency intervention. Trading was thinned in Asia with Japan out for a holiday, though markets in mainland China got off to an upbeat start after returning from an extended break. MSCI's broadest index of Asia-Pacific shares outside Japan edged more than 0.5% higher, while China's blue-chip index gained 1.4%.

  • Reuters

    GLOBAL MARKETS-Asia shares rally on Fed cut bets; yen pares gains

    Asian stocks rose on Monday on renewed bets that the Federal Reserve would likely ease rates this year, while the yen weakened after a strong surge last week from Tokyo's suspected currency intervention. Trading was thinned in Asia with Japan out for a holiday, though markets in mainland China got off to an upbeat start after returning from an extended break. MSCI's broadest index of Asia-Pacific shares outside Japan edged more than 0.5% higher, while China's blue-chip index gained 1.4%.