Asian countries must remind themselves about what happened during the region’s financial crisis in the late 1990s and guard against a recurrence of such shocks, the head of the Philippine central bank said ‌on Wednesday. Before the Asian financial crisis started in 1997, regional economies saw huge capital inflows that prompted the World Bank to describe it as the “East Asian miracle”, Eli Remolona, governor of the central bank, said in an International Monetary Fund panel on the outlook for the...

An administrative building belonging to Saudi Arabia’s state-owned oil company Saudi Aramco in the eastern city of Dhahran was attacked, causing a limited fire, the Energy Ministry said in a statement on Wednesday as fighting between Yemen’s Iran-allied Houthis and the kingdom intensified. Authorities responded to the incident late on Tuesday and took necessary measures, the ministry said, adding that there were no injuries or deaths. A company source told Reuters earlier that a ballistic...

An administrative building belonging to Saudi Arabia’s state-owned oil company Saudi Aramco in the eastern city of Dhahran was attacked, causing a limited fire, the Energy Ministry said in a statement on Wednesday as fighting between Yemen’s Iran-allied Houthis and the kingdom intensified. Authorities responded to the incident late on Tuesday and took necessary measures, the ministry said, adding that there were no injuries or deaths. A company source told Reuters earlier that a ballistic...

Russia’s FSB security agency said on Tuesday it had detained a Japanese journalist for alleged espionage, and Moscow’s Foreign Ministry said it regretted that Tokyo was using correspondents to carry out spying. In a statement on its website, the FSB said the Hokkaido Shimbun journalist was detained in the far eastern Sakhalin region on the day before he planned to leave Russia. It did not specify when this was. Russia and Japan, ‌which never signed a formal World War II peace treaty, have seen...

Russia’s FSB security agency said on Tuesday it had detained a Japanese journalist for alleged espionage, and Moscow’s Foreign Ministry said it regretted that Tokyo was using correspondents to carry out spying. In a statement on its website, the FSB said the Hokkaido Shimbun journalist was detained in the far eastern Sakhalin region on the day before he planned to leave Russia. It did not specify when this was. Russia and Japan, ‌which never signed a formal World War II peace treaty, have seen...