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Panetta: Pentagon to shift warships to Pacific
The Pentagon will shift more Navy warships to the Asia-Pacific region over the next several years and by 2020, about 60 percent of the fleet will be assigned there as part of a new strategy to increase U.S. presence in Asia, Defense Secretary Leon Panetta said Saturday.While noting it may take years to complete the transition, Panetta assured his audience at a security conference in Singapore that

Myanmar, China good friends: Suu Kyi
Myanmar and China will become even better friends as the Southeast Asian country deepens its political and economic reforms, leader of Myanmar's opposition National League for Democracy (NLD) party Aung San Suu Kyi said here Friday.

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ASIA CREDIT CLOSE: Traders looking to go flat ahead of UK holiday
SINGAPORE, June 1 (IFR) - Asian credit markets were surprisingly resilient today in the face of the deteriorating backdrop in the eurozone and ahead of tonight's key US non-farm payroll data for

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ASIA CREDIT CLOSE: Listless trading in Asia credit ahead of US non-farm data
SINGAPORE, May 31 - Asian credit markets opened on a weak note thanks to hefty declines on Wall Street and the ongoing euro zone saga, with a poor showing from India's GDP - it came in at 5.3

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Pakistan hikes defence budget by 10 percent
Pakistan has increased its defence budget by nearly 10 percent to 545 billion rupees ($5.8 billion) for the 2012-13 fiscal year.

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Indian shares fall 1.6 pct; economy fears weigh
* Indian shares fall on India, global econ fears

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