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WTO's Fishing Subsidy Agreement Faces Challenges from Key Nations

WTO's Fishing Subsidy Agreement Faces Challenges from Key Nations

The World Trade Organization's Agreement on Fisheries Subsidies (FSA) is facing potential setbacks as India, Indonesia, and the United States express concerns over the second phase of negotiations, known as Fish 2. The FSA, which came into force in 2025, aims to curb harmful subsidies that contribute to overfishing and illegal fishing practices. The agreement is crucial for Pacific Island countries, which rely heavily on fishing for economic security. However, the future of the agreement is uncertain as these key nations have yet to fully commit to the next phase, which seeks to address subsidies that lead to overcapacity and overfishing.

Japan, South Korea stocks hit more records, as oil gains on Iran war ending fragility

Japan, South Korea stocks hit more records, as oil gains on Iran war ending fragility

Oil prices have gained and stock markets in Japan and South Korea have hit fresh record highs on enthusiasm over the artificial intelligence boom, as investors await a decision on the ceasefire extension of the Iran war

Crude oil prices rise after latest US-Iran fighting, and US stocks slip

Crude oil prices rise after latest US-Iran fighting, and US stocks slip

Oil prices are rising following the latest fighting to threaten the U.S.-Iran ceasefire, but Wall Street isn't very worried

Wall Street poised to open with gains, oil jumps again after the US and Iran trade strikes

Wall Street poised to open with gains, oil jumps again after the US and Iran trade strikes

Wall Street is poised to open with gains and oil prices jumped again as tensions between the U.S. and Iran escalated

Tones of Beauty Expo 2026 Expands with Record Fragrance Exhibitors

Tones of Beauty Expo 2026 Expands with Record Fragrance Exhibitors

Tones of Beauty Expo 2026 Expands with Record Fragrance Exhibitors

Analysis-The great Indo-Pacific hedge - deeper defence ties as US doubts grow and China ascends

Analysis-The great Indo-Pacific hedge - deeper defence ties as US doubts grow and China ascends

By Raju Gopalakrishnan and Greg Torode SINGAPORE, May 31 (Reuters) - Caught between China's rapid military rise and growing doubts about the U.S. focus on a region it has long dominated, Indo-Pacific nations are racing to arm themselves, and each other.

India's Tax Exemption Boosts Global Electronics Manufacturing

India's Tax Exemption Boosts Global Electronics Manufacturing

India has introduced a tax exemption for foreign companies providing capital equipment to Indian manufacturers in customs bonded areas, effective April 1, 2026. This exemption, valid until the 2030-31 tax year, aims to eliminate the tax uncertainties previously associated with foreign-owned equipment, which discouraged investment. The policy allows foreign companies to supply equipment without being taxed on the income generated, provided the equipment remains under the control of the Indian manufacturer. This move is expected to make India a more attractive destination for global electronics manufacturing.

U.S. Intensifies Sanctions on Iranian Oil and Tankers Amidst Ceasefire Negotiations

U.S. Intensifies Sanctions on Iranian Oil and Tankers Amidst Ceasefire Negotiations

The United States Treasury and Department of State have escalated their 'maximum pressure' campaign against Iran by imposing additional sanctions on Iranian oil and tankers. This move is part of a broader strategy to compel Iran to negotiate favorable terms in ongoing ceasefire discussions. President Trump is set to meet with his advisers to make a final determination on the agreement, although Iran has indicated that terms have not yet been finalized. The U.S. has also sanctioned three traders involved in the Iranian petrochemical industry, targeting entities in Qatar, Singapore, and India. The sanctions aim to reduce the revenue flowing to Iran's military apparatus, including the IRGC. The U.S. Navy continues to enforce a blockade, preventing commerce from entering or leaving Iranian ports, with an estimated 60 million barrels of Iranian crude oil currently trapped.

India, U.S. near trade pact; tariff terms hinge on Section 301 relief, source says

India, U.S. near trade pact; tariff terms hinge on Section 301 relief, source says

By Shivangi Acharya and Manoj Kumar NEW DELHI, June 1 (Reuters) - India is likely to discuss Washington's Section 301 investigation and potential tariff measures with U.S. trade officials, as the two nations seek to finalise a deal, an Indian government source said on Monday.

Singapore's DBS to open 18 new Asian wealth centres, expand advisory push

Singapore's DBS to open 18 new Asian wealth centres, expand advisory push

June 1 (Reuters) - DBS Group said on Monday it would open 18 new wealth centres across Asia by the end of 2027 and upgrade 36 existing centres over the next 18 months, marking the largest physical expansion of its wealth franchise to date.

US stocks open higher, adding to their records, as Dell soars

US stocks open higher, adding to their records, as Dell soars

Stocks are opening higher on Wall Street, adding to the all-time highs they set a day earlier

Wall Street inches higher while oil prices fall on optimism over talks of Iran ceasefire extension

Wall Street inches higher while oil prices fall on optimism over talks of Iran ceasefire extension

Oil prices are down and markets are inching higher before the opening bell, adding to records hit a day earlier on optimism over a tentative deal to extend the ceasefire in the war with Iran