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Latest Articles

ANALYSIS: Steel capacity set to expand just as demand growth ebbs

By Maytaal Angel and Yuka Obayashi LONDON/TOKYO, Oct 26 (Reuters) - Spurred by a steel-price rally, firms are pouring money into new plants that are set to start producing just as growth in demand for the construction material shrinks, industry executives say, challenging the market’s prevailing bull narrative.
By Maytaal Angel
Reuters

Steam pipe blasts show dangers lurking under New York streets

Under the crowded streets of New York City, a network of pipes, cables and tunnels contains hidden dangers that burst to the surface this week, spraying the Flatiron district with debris containing asbestos, a toxic chemical that can lead to respiratory illnesses, including cancer. While incidents as large as Thursday’s steam pipe explosion are rare, experts say asbestos is relatively common in major urban centers.
By Diana Kruzman
Reuters

Rooftop vineyard brings local wine to New Yorkers

When Devin Shomaker thinks about growing grapes, he doesn’t imagine the rolling hills of California’s Napa Valley or the greenery of New York’s Finger Lakes region. Instead, the 34-year-old entrepreneur sees a rooftop in New York City’s post-industrial Brooklyn Navy Yard as the perfect place for a vineyard.
By Diana Kruzman
Reuters

Thailand charges nine in anti-government protests dating to 2013

BANGKOK (Reuters) - Thailand on Wednesday charged nine leaders of anti-government protests in 2013 and 2014 with inciting insurrection and sedition in an attempt to oust Yingluck Shinawatra, who was prime minister at the time. The People’s Democratic Reform Committee (PDRC) and its supporters took to the streets for seven months, aiming to rid Thailand of the influence of Yingluck, and her billionaire brother, ousted former premier Thaksin Shinawatra, who had massive support among the rural poo
By Suphanida Thakral
Reuters

Thailand welcomed a record 35.38 million tourists in 2017: ministry

BANGKOK (Reuters) - Thailand welcomed a record 35.38 million foreign tourists in 2017, up 8.8 percent from the previous year, the tourism ministry said on Tuesday Thailand’s December tourist arrivals were seen at 3.5 million, the ministry said in a press release, up 15.1 percent from a year earlier. The ministry attributed growth in 2017 to increase numbers of tourists from China and East Asia.
By Suphanida Thakral
Reuters

India rice rates gain as Bangladesh keeps up purchases; Vietnam ends f

BENGALURU (Reuters) - Rice prices gained this week in India as Bangladesh continued to lap up the staple grain from its neighbour, while prospects of deals with the Philippines saw rates climb for the first time in three weeks in a relatively quiet Vietnamese market. Top exporter India’s 5 percent broken parboiled rice prices rose by about $2 per tonne this week to $423-$427. Traders from Bangladesh are aggressively buying new-season crop since prices in Bangladesh are still elevated, said an
By Suphanida Thakral
Reuters

Tattoos lead Thai police to Japanese gang murder suspect

BANGKOK (Reuters) - A 74-year-old Japanese man accused of a gang murder in Japan 15 years ago has been arrested in Thailand after pictures of his tattoos went viral on social media, Thai police said on Thursday. Shigeharu Shirai was arrested on Wednesday evening in Lopburi province, 150 km (95 miles) north of the capital, Bangkok. Police said he had confessed to being part of the Yamaguchi-gumi gang within Japan’s Yakuza, but not to murder. Shirai is accused of being one of eight gangsters inv
By Suphanida Thakral
Reuters

ArcelorMittal to sell Piombino steel mill to Arvedi to help clear...

By Maytaal Angel, MILAN, Dec 22 (Reuters) - ArcelorMittal has reached a preliminary agreement to sell its steel mill in Piombino, Italy to Italian steelmaker Arvedi to help get clearance from EU authorities for its purchase of Ilva, Europe’s largest steel plant.
By Maytaal Angel
Reuters

Thai junta says it will lift ban on politics, paving way for election

BANGKOK (Reuters) - Thai Prime Minister Prayuth Chan-ocha said on Tuesday he would use a special order that gives the military sweeping powers to lift a ban on political activity that has been in place since a 2014 coup, paving the way for a 2018 general election. Major political parties had urged the government for months to lift the ban to allow parties to prepare for the vote and the announcement won some applause from government critics. Prayuth, who is also head of the junta, has said tha
By Suphanida Thakral
Reuters

Thai government says to increase rubber purchases to lift prices

BANGKOK, Dec 8 (Reuters) - Thailand’s government plans to increase rubber purchases to 50,000-80,000 tonnes per year from the current 20,000-30,000 tonnes to boost prices, the agriculture ministry said on Friday. Rubber farmers in Thailand, one of the world’s biggest exporters of natural rubber, threatened last month to protest if the military government does not help prop up falling prices. The Ministry of Agriculture said it aims to boost prices above the cost of production, which it put at
By Suphanida Thakral
Reuters

Thai police arrest Hells Angels gang members

BANGKOK (Reuters) - Thai police have arrested four members of a Hells Angels biker gang accused of drug crimes, violence and posing a threat to society, the Tourist Police said on Thursday. Three Australians and a Canadian were arrested on Wednesday in Pattaya, a major tourist resort with a reputation as a hub for foreign gangs, drug dealing and the sex industry. Piyapong Ensarn of the Pattaya Tourist Police told Reuters that two of the accused gang members would be deported and the two others
By Suphanida Thakral
Reuters

Two American tourists fined in Thailand for 'butt selfie' at temple

BANGKOK (Reuters) - Thai authorities have fined two American tourists for public indecency for posing for a “butt selfie” in front of a famous Buddhist temple, police said on Wednesday. The two, who police identified as Joseph Dasilva, 38, and Travis Dasilva, 36, were arrested late on Tuesday at an airport in the capital, Bangkok. They were each fined 5,000 baht ($154) for baring their buttocks for a picture taken last week at Bangkok’s Wat Arun, or Temple of the Dawn. “The two American citiz
By Suphanida Thakral
Reuters

Dining goes digital for Thailand's street food vendors

BANGKOK (Reuters) - Bangkok’s famous street-food vendors have joined the digital revolution, embracing payment via Quick Response (QR) barcodes that can be read using smartphones. Thailand is famous for its traditional street stalls that offer everything from stir-fried noodles to clothes and for many Thais eating out at a pavement stall is part of their daily routine. Now, some vendors in the capital Bangkok are offering digital transactions after the Bank of Thailand (BOT) last week gave the
By Suphanida Thakral
Reuters

Thailand extends deadline to offload 2 mln T of rice left in stockpiles to 2018

BANGKOK, Nov 17 (Reuters) - Thailand has extended a deadline to offload the remaining 2 million tonnes of rice for animal consumption or industrial use in state stockpiles from the end of this year to an unspecified date next year, the commerce ministry said on Friday. The country’s military government inherited 18.7 million tonnes of rice built up under the previous government’s rice subsidy scheme, and has since held several auctions since taking power in May 2014. Nanthawan Sakuntanak, perm
By Suphanida Thakral
Reuters

Secret witness in Senate Clinton probe is ex-lobbyist for Russian firm

William D. Campbell, a lobbyist, confirmed to Reuters he is the informant who will testify and provide documents to Congress about the Obama Administration’s 2010 approval of the sale of Uranium One, a Canadian company with uranium mines in the United States, to Russia’s Rosatom.
By Joel Schectman
Reuters

Vietnam's neighbors, ASEAN, targeted by hackers: report

SINGAPORE (Reuters) - A hacking group previously linked to the Vietnamese government or working on its behalf has broken into the computers of neighboring countries as well as a grouping of Southeast Asian nations, according to cybersecurity company Volexity. Steven Adair, founder and CEO, said the hacking group was still active, and had compromised the website of the Association of Southeast Asian Nations (ASEAN) over several high-profile summit meetings. ASEAN is holding another summit of reg
By Suphanida Thakral
Reuters

Catalan leader's farmhouse pact to make last stand in Brussels

BARCELONA/GIRONA, Spain (Reuters) - Twenty-four hours after Spain removed him from power, Catalonia’s leader had resolved to leave the country and take his independence campaign to the heart of the European Union, but first he needed to tie off an important loose end.
By Sam Edwards
Reuters

After year of mourning Thailand's 'floating basket' festival returns

BANGKOK (Reuters) - People in Thailand celebrated the Loy Krathong or “floating basket” festival on Friday, following a year of mourning for late King Bhumibol Adulyadej that saw many celebrations muted or canceled. The mourning ended on Monday after a five-day funeral last week, and many citizens have returned to wearing colored garments after having stuck to black for a year. Participants in the festival pay respects to the water spirits, floating small, traditionally-hand crafted rafts carr
By Suphanida Thakral
Reuters

Thailand aims to boost exports; India rates dip on fresh supply

BENGALURU (Reuters) - Rice prices were relatively stable in Thailand this week as the country aims to attract more foreign buyers to boost exports, while prices in India slipped amid increasing supplies from the new season’s crop. Thailand’s benchmark 5-percent broken rice was quoted at $382-$386 a tonne, free-on-board (FOB) Bangkok, which compared with $375-$388 a tonne last week. The country has exported 8.23 million tonnes of rice since January to September this year, according to Thailand’
By Suphanida Thakral
Reuters