Asia Business

CME live cattle futures climb on robust wholesale beef demand

00h16 Chicago Mercantile Exchange live cattle futures closed higher on Tuesday for a second session, supported by strong wholesale beef demand ahead of the U.S. Labor Day holiday weekend, analysts said.. . .  Full story

S.Korea July producer prices drop y/y, first fall in nearly 3 years

20/08 South Korea's producer prices index (PPI) dropped in July on an annual basis for the first time in nearly three years, central bank data showed on Wednesday, underlining lower inflationary pressures and supporting further policy. . .  Full story

Egypt's Banque du Caire expects to sell minority stake by early 2020

20/08 The head of Egypt's state-owned Banque du Caire told reporters on Tuesday that he expects to sell 30-40% of the bank by the end of 2019 or in early 2020.. . .  Full story

China trims lending rates with new benchmark, more cuts expected

20/08 China lowered its new lending reference rate slightly on Tuesday, as expected, as the central bank kicked off interest rate reforms designed to reduce corporate borrowing costs in the world's second-largest economy.. . .  Full story

Indian shares end lower; financials, consumer stocks weigh

20/08 Indian shares settled lower on Tuesday, led by a fall in financial and consumer stocks with Yes Bank Ltd closing at its lowest in over six years.. . .  Full story

Bank of Jinzhou says to record net loss of up to 5 bln yuan in 2018

20/08 Bank of Jinzhou said it expected to post a net loss of about 4 billion yuan ($566.38 million) to 5 billion yuan in 2018, according to a profit warning it filed to Hong Kong. . .  Full story

SE Asia Stocks-Singapore, Malaysia gain in line with broader Asia; Thailand down

20/08 Singapore and Malaysian stocks rose on Tuesday, in line with broader Asia as stimulus proposals in major economies muted recession fears, while Thai shares retreated as the government cut its 2019 economic growth forecast.. . .  Full story

China's Xinfa shuts aluminium capacity in Xinjiang after blast - sources

20/08 Xinfa Group, one of China's top aluminium producers, has shut down an aluminium production line after an explosion at a plant in the northwestern Chinese region of Xinjiang, according to a company source.. . .  Full story

Taiwan export orders fall for 9th month but Christmas bounce kicking in

20/08 Taiwan's export orders contracted for a ninth straight month in July though at a slower pace than expected, which might signal demand for new electronic products as the peak year-end season for gadgets approaches.. . .  Full story

Indonesia will implement IMO low-sulphur fuel rule on schedule -ministry

20/08 Indonesian-flagged ships will comply with new low-sulphur fuel rules that start next year, the country's Ministry of Transportation said on Tuesday, after earlier saying more time was needed to meet the requirement.. . .  Full story

Hong Kong stocks snap four-day rally on profit-taking

20/08 Hong Kong stocks ended lower on Tuesday as investors locked in profit after a four-day winning streak following Beijing's interest rate reform, which boosted riskier assets and tempered recession fears.. . .  Full story

Thai finance ministry cuts 2019 GDP growth forecast to 3%

20/08 Thailand's finance ministry cut its 2019 economic growth forecast to 3.0% from the 3.8% it projected in April, due to falling exports. .. . .  Full story

China stocks slip, rate reform in focus

20/08 China stocks ended slightly lower on Tuesday as investors took a breather following a strong rally in the previous session and pondered the extent and impact of Beijing's interest rate reform.. . .  Full story

INSIGHT-Besieged Kashmiri neighbourhood in test of wills with India's Modi

20/08 For more than a week, the young men of Soura, a densely populated enclave in Kashmir's main city of Srinagar, have been taking turns to maintain an around-the-clock vigil at the entry points to. . .  Full story

Japan allows further exports of high-tech material to S.Korea

20/08 Japan has approved shipments of a high-tech material to South Korea for the second time since imposing export curbs last month, two sources said, ahead of talks by government officials this week to resolve. . .  Full story

India govt panel recommends across board corporate tax cut to 25% -source

20/08 An Indian government panel has recommended cutting the corporate tax rate to 25% from 30% for all companies and scrapping surcharges on tax payments, an official said on Tuesday, part of a major overhaul. . .  Full story

JGB yields edge up across curve as stimulus hopes continue

20/08 Japanese government bond yields edged higher across the curve on Tuesday due to a calmer tone in world markets and continued expectations for fresh stimulus measures in major economies.. . .  Full story

Napier Port soars on debut as investors toast rare New Zealand listing

20/08 Napier Port Holdings, the operator of New Zealand's fourth-largest port by container volume, debuted at a 12% premium to its offer price on Tuesday, as investors scooped up shares in a rare listing on. . .  Full story

China, Hong Kong stocks flat after new lending reference rate

20/08 China and Hong Kong stocks barely moved on Tuesday as investors took a breather and pondered the extent and impact of Beijing's interest rate reform.. . .  Full story

FEATURE-Elderly in Hong Kong looking to China for affordable care in retirement

20/08 After spending time with his 84-year-old mother in a senior care home in the southern Chinese city of Shenzhen, David Lee walked up to the supervisor and asked to reserve a place there for. . .  Full story

Japan Inc expresses understanding of Tokyo's tough trade stance vs Korea

20/08 Japanese companies broadly support Prime Minister Shinzo Abe's tough trade stance against South Korea, a Reuters poll found. The Corporate Survey also found three-fourths of Japanese companies aren't raising. . .  Full story

Faced with global downturn fears, Japan Inc avoids raising bonuses

20/08 Three-fourths of Japanese companies aren't raising annual bonuses this summer, a Reuters poll found, a sign many see growth sputtering in the world's third-largest economy as the U.S.-China trade war stokes fears of a global. . .  Full story

CME cattle futures rise on larger-than-expected weekly slaughter

20/08 Chicago Mercantile Exchange live cattle futures closed higher on Monday after U.S. government data showed last week's hog slaughter was bigger than the previous week's, despite a fire that shuttered a Kansas beef plant.. . .  Full story

India exempts shadow lenders from debenture reserve requirements

19/08 India's non-banking financial firms and listed companies that issue debentures will no longer have to maintain a certain level of redemption reserves against them, the government said on Monday, in an effort to increase the. . .  Full story

China to base new lending benchmark on medium-term rates; shares rally on rate cut hopes

19/08 China's announcement of key interest rate reforms over the weekend has fuelled expectations of an imminent reduction in corporate borrowing costs in the struggling economy, boosting share prices on Monday.. . .  Full story

ANZ slashes forecast for India's GDP growth in 2019/20 to 6.2%

19/08 The Australia and New Zealand Banking Group (ANZ) slashed its forecast for India's economic growth to 6.2% in the financial year ending next March from a previous estimate of 6.5%, warning it would be. . .  Full story

S.Korea to probe interest rate derivatives sales

19/08 South Korea's financial regulator said on Monday it would investigate interest rate derivative products sold by banks and brokerage firms that put investors at risk of losing nearly all their money.. . .  Full story

SE Asia Stocks-Most rise as China rate reforms boost sentiment

19/08 Most Southeast Asian stock markets closed higher on Monday as investors cheered interest rate reforms by China's central bank, with Philippine shares adding nearly 2%. The People's Bank of China. . .  Full story

India cenbank weighs linking some new bank loans to policy rate

19/08 The Reserve Bank of India is looking to get banks to link some new loans to its key policy rate or other external benchmarks, Governor Shaktikanta Das said on Monday, as he pushes them. . .  Full story

HK stocks see best session in two months on China's rate reform

19/08 Hong Kong stocks climbed more than 2% on Monday amid a broad upbeat investor mood, posting their best session in two months, bolstered by Beijing's reforms to help steer borrowing costs lower for companies. . .  Full story

Khazanah injects $72 mln in Malaysia Airlines as it considers offers

19/08 Malaysian sovereign wealth fund Khazanah Nasional Bhd said on Monday it had pumped another 300 million ringgit ($72 million) into Malaysia Airlines to keep the national carrier afloat as it considers offers for the company.. . .  Full story

China stocks rise most since early July on rate reform

19/08 China stocks jumped over 2% on Monday, their best since early July, as investors cheered Beijing's latest stimulus to prop up an economy hit hard by a never-ending trade war with the United States.. . .  Full story

Japan stocks advance as stimulus hopes calm global recession fears

19/08 Japanese shares rose on Monday as signs central banks around the world are taking steps to support their economies helped ease immediate concerns about a global recession.. . .  Full story

Japanese, S.Korean foreign ministers to meet in Beijing on Wednesday

19/08 Japan's foreign minister Taro Kono will meet his South Korean counterpart, Kang Kyung-wha, in Beijing on Wednesday, a Japanese foreign ministry official said on Monday, amid deteriorating relations between the two East Asian countries.. . .  Full story

JGB yields rise as policy hopes ease global recession fears

19/08 Japanese government bond yields edged up on Monday, moving further away from three-year lows hit late last week, as hopes of fresh stimulus measures from major economies soothed some of the recent global recessionary. . .  Full story

Weak spot LNG prices don't help Asia much, but boost Europe: Russell

19/08 The price of spot cargoes of liquefied natural gas (LNG) has ticked up recently in Asia amid tentative signs of some peak summer demand, but the problem remains that for many buyers the cost. . .  Full story

China, HK stocks extend rally after Beijing unveils rate reform

19/08 China and Hong Kong stocks rose on Monday, on track for their fourth consecutive session of gains, as investors cheered Beijing's latest measures to underpin an economy pressured by a bruising trade dispute with the. . .  Full story

Tokyo Steel keeps product prices steady in Sept for 2nd month

19/08 Tokyo Steel Manufacturing Co Ltd , Japan's top electric-arc furnace steelmaker, on Monday said it would hold its steel product prices steady in September because of high inventories at home and a weaker overseas market.. . .  Full story

Japan stocks edge higher as stimulus optimism eases global recession worries

19/08 Japanese shares advanced on Monday after hopes of more stimulus from central banks around the world and steps being taken by major economies such as Germany and China eased immediate concerns about a slowing. . .  Full story

India says probing jump in refined palm oil imports from Malaysia

19/08 India has initiated a probe into whether a jump in refined palm oil shipments from Malaysia is causing serious injury to domestic industry, the trade ministry's investigative arm said in a statement.. . .  Full story

China and Hong Kong stocks open higher after cenbank unveils rate reform

19/08 China and Hong Kong stocks started the week higher, after Beijing unveiled a key rate reform to steer funding costs lower for firms in the latest move by authorities to support a stuttering economy.. . .  Full story

China's State Council calls for Shenzhen integration with Hong Kong, Macau

19/08 China's State Council has called for greater development of the southern city of Shenzhen and the integration of its culture and economy with neighbouring Hong Kong and Macau.. . .  Full story

Japan manufacturers turn pessimistic for first time since 2013 - Reuters Tankan

19/08 Japanese manufacturers turned pessimistic about business prospects for the first time in more than six years in August as the spectre of a global downturn looms large amid the escalating Sino-U.S. trade war, the. . .  Full story

Lebanon's Aoun vows to tend to economic, financial reforms

18/08 Lebanon is expected to begin implementing in October a set of economic and financial measures agreed by its top leadership that will boost economic growth, President Michel Aoun said on Sunday, vowing that he. . .  Full story

Protecting Singapore from rising sea levels could cost S$100 bln

18/08 Protecting Singapore against rising sea levels could cost S$100 billion ($72 billion) or more over 100 years, its prime minister said on Sunday, as the low-lying island-state makes preparations to mitigate the impact of global. . .  Full story

Kuwait sovereign fund in portfolio shift on signs of global economic weakness -report

18/08 The Kuwait Investment Authority (KIA) began increasing its exposure to bonds and cash two years ago to boost liquidity in its portfolio as the global economy showed signs of weakness, Kuwaiti newspaper Alqabas reported. . .  Full story

Banks push Saudi, Abu Dhabi lower; Industries Qatar rebounds

18/08 Weakness in banking shares pushed indexes in Saudi Arabia and Abu Dhabi lower in early trade on Sunday, while Qatari stocks rebounded on demand for Industries Qatar, which bounced back after sharp losses this. . .  Full story

Several injured in Kashmir in clashes with Indian police

17/08 Indian security forces injured at least six people on Saturday in Srinagar, the main city in the Indian-controlled part of Kashmir, as several protests broke out against New Delhi's revocation of the region's autonomy last. . .  Full story

China unveils rate reform to steer funding costs lower for firms

17/08 China's central bank unveiled a key interest rate reform on Saturday to help steer borrowing costs lower for companies and support a slowing economy that has been hurt by a trade war with the. . .  Full story

Canada awards multi-billion contract to General Dynamics as election looms

16/08 Canada on Friday announced a multi-billion dollar contract with General Dynamics Corp for equipment that will be manufactured in a region where the ruling Liberals need to do well in an October election.. . .  Full story

Asia Gold-High prices dent buying, silver remains attractive

16/08 High prices prompted Asian consumers to sell back physical gold this week to lock in profits, though price dips still attracted buying as economic jitters burnished the metal's appeal as a haven from risk.. . .  Full story

To spur consumption, China preps plan to boost disposable income by 2020

16/08 China's state planner said on Friday it would roll out a plan to boost disposable income this year and in 2020 to spur private consumption, a major plank in the world's second-biggest economy.. . .  Full story

Turkish growth outlook worsens as industrial output falls more than expected in June

16/08 Turkish industrial production fell for the tenth consecutive month in June, data showed on Friday, offering few signs of a pick-up in economic growth as domestic demand remains weak after last year's currency crisis.. . .  Full story

SE Asia Stocks-Thailand gains on stimulus boost, Singapore wilts on bleak data

16/08 Thai shares gained on Friday, in line with broader Asian peers, as the local government hinted plans of an economic stimulus shortly after China prepped plans to boost its disposable income, while the Singapore. . .  Full story

China-owned oil tanker changes name in apparent effort to evade U.S. sanctions

16/08 While in the Indian Ocean heading toward the Strait of Malacca, the very large crude carrier (VLCC) Pacific Bravo went dark on June 5, shutting off the transponder that signals its position and direction to. . .  Full story

China says pig herd shrinks by 32% in July amid swine fever outbreak

16/08 China's pig herd shrank by 32.2% in July from the same month a year ago, its agriculture ministry said on Thursday, as African swine fever continues to spread through the country.. . .  Full story

Taiwan raises 2019 growth outlook, sees faster pace next year

16/08 Taiwan raised its 2019 economic growth forecast on Friday, with prospects lifted by more factories moving production to the island from China despite worries about slowing technology demand and the Sino-U.S. trade war.. . .  Full story

Hong Kong on brink of recession as trade war, political protests escalate

16/08 Hong Kong is on the verge of its first recession in a decade as increasingly violent anti-government protests scare off tourists and bite into retail sales in one of the world's most popular shopping. . .  Full story

Russia's oil output rises to 11.32 mln bpd in Aug - Ifax

16/08 Oil production in Russia rose to an average 11.32 million barrels per day (bpd) in the first half of August, Interfax news agency reported on Friday, citing a source.. . .  Full story

Vietnam to revise how it measures GDP to match intl' norms

16/08 Vietnam is revising the way it measures gross domestic product to meet international norms and better reflect the real size and structure of the economy, the government said on Friday.. . .  Full story

China's Jan-July fiscal revenues up 3.1% y/y

16/08 China's fiscal revenues in the first seven months of the year rose 3.1% from a year earlier, the Ministry of Finance said on Friday.. . .  Full story

China court puts Fanya exchange's rare earth stock up for auction

16/08 The Chinese court auctioning off inventory formerly held by the now-defunct Fanya Metal Exchange has put two batches of rare earths, with a market value of around $41.5 million, up for sale on Aug.. . .  Full story

China's LNG import terminals and storage facilities

16/08 Chinese city-gas distributor Shenzhen Gas will launch next week in southern China its first fully-owned terminal to import liquefied natural gas (LNG), a company executive told Reuters on Friday.. . .  Full story

Foreigners stepped up selling in Japanese stocks in week ending Aug 9

16/08 Foreigners were net sellers of Japanese stocks for a second straight week in the week ended Aug. 9 on renewed worries over the Sino-U.S. trade war, after the announcement of fresh U.S. tariffs on. . .  Full story

China stocks end week higher, bolstered by consumer gains

16/08 China stocks closed up on Friday to end the week higher, aided by gains for consumer firms, as Beijing moves to boost consumption further to tackle slowing economic growth.. . .  Full story

Indonesia president proposes to move capital to Borneo

16/08 Indonesia's president on Friday proposed to move the capital from Jakarta, a crowded, polluted city of 10 million people, to the island of Borneo, though he left Indonesians guessing as to the exact location.. . .  Full story

Ping An Insurance says Hong Kong important hub despite mass protests

16/08 Ping An Insurance (Group) Co of China, the country's largest insurer by market value, said on Friday Hong Kong remains an important hub despite escalating mass protests, a day after it posted its strongest half-year. . .  Full story

Japanese shares edge up as Hong Kong, China markets stabilise

16/08 Japanese shares edged up Friday after markets in China and Hong Kong found some stability amid ongoing unrest in Hong Kong, but the gains were limited by nagging fears of a global economic slowdown.. . .  Full story

China cenbank's maturing bills, repos next week

16/08 Maturing Chinese central bank reverse bond repurchase agreements will drain 300 billion yuan ($42.63 billion) next week. The People's Bank of China (PBOC) has drained 540 billion yuan on a net. . .  Full story

China cenbank weekly open market operations at a glance; PBOC drains 540 bln yuan YTD

16/08 The People's Bank of China (PBOC) has drained 540 billion yuan ($76.75 billion) on a net basis from money markets via open market operations (OMOs) so far this year.. . .  Full story

Thailand targeting GDP growth of at least 3% this year - gov't official

16/08 Thailand aims for economic growth of at least 3% this year and 3.5% next year, a government official said on Friday, after it announced a multi-billion dollar plan to shore up faltering activity.. . .  Full story

Indonesia president vows to process more resources onshore

16/08 Indonesia should do more to develop downstream industries to process natural and mineral resources domestically, bolstering Southeast Asia's largest economy, President Joko Widodo said in his state of the union address to parliament on Friday.. . .  Full story

JGB rally stalls as risk aversion lessens

16/08 Japanese government bond prices were flat to a touch lower on Friday, with the safe-haven debt market's rally stalling as risk aversion in the broader markets ebbed, allowing equities to bounce back.. . .  Full story

China, Hong Kong stocks climb on gains in consumer sector

16/08 China and Hong Kong stocks extended their rally on Friday, bolstered by gains in consumer names, as Beijing seeks to further boost consumption and shore up falling growth amid the trade war.. . .  Full story

Indonesia president formally proposes relocating capital to Borneo

16/08 Indonesian President Joko Widodo on Friday formally proposed to parliament a plan to move the country's capital from Jakarta, on the crowded island of Java, to Kalimantan on the island of Borneo.. . .  Full story

Vietnam aims to sell stakes in nearly 100 state firms by end of 2020

16/08 Vietnam plans to speed up its privatisation programme by selling stakes in nearly 100 state-owned firms by the end of 2020, including Agribank, the government said late on Thursday.. . .  Full story

Japanese shares extend losses on lingering growth fears

16/08 Japanese shares extended their losses on Friday morning as global recession worries offset much of the relief stemming from an overnight rebound in Wall Street stocks.. . .  Full story

Singapore July exports shrink for fifth straight month

16/08 Singapore's exports in July shrank for the fifth straight month, though the slump was slightly less severe than forecast, official data showed on Friday.. . .  Full story

SoftBank convertible note helped cut WeWork losses

16/08 Investors may be stumped by some of the finances WeWork owner We Company unveiled this week in its filing to go public, in particular a $486 million gain on a convertible note that made. . .  Full story

Thai central bank eases housing loan rules

15/08 Thailand's central bank relaxed mortgage lending rules slightly on Thursday to help some borrowers hit by tighter regulations introduced in April.. . .  Full story

SE Asia Stocks-Most end lower as global risk aversion mounts

15/08 Most Southeast Asian stock markets ended lower on Thursday, tracking a global downturn in equities as an inversion in the U.S. bond yield curve triggered recession fears, while the Vietnam index closed at its. . .  Full story

Turkey's seasonally adjusted jobless rate hits highest on record

15/08 Turkey's seasonally adjusted unemployment rate climbed to its highest level on record, statistical data showed on Thursday, despite a slight fall in the April-June headline figures.. . .  Full story

Modest gains in China's new home prices give authorities breathing room

15/08 China's new home prices rose in July as the property sector held up as one of the few bright spots in the slowing economy, although easing momentum in some markets took immediate pressure off. . .  Full story

Egypt's top cigarette maker raises prices

15/08 Egypt's top cigarette maker, Eastern Tobacco Company, said on Thursday it had raised prices of some of its cigarettes by 4.5% to 6%, citing higher labour costs.. . .  Full story

Japan's construction plans for new coal-fired power stations

15/08 Japanese companies have cancelled plans to build about 4,800 megawatts (MW) of coal-fired power generation capacity since 2017, according to a Reuters survey. Nevertheless the country still plans a wave. . .  Full story

Thailand to ban pig imports from Myanmar over African swine fever

15/08 Thailand will ban the import of pigs from Myanmar for 90 days, the country's livestock department told Reuters on Thursday, after the neighboring country confirmed its first case of the African swine fever this week.. . .  Full story

Hong Kong stocks reverse course, aided by mainland money

15/08 Hong Kong stocks staged a reversal on Thursday, bouncing back from a seven-month low, as mainland investors hunted for bargains through the Stock Connect.. . .  Full story

Ex-regulatory exec to head Tianjin bank as China steps up governance

15/08 A former senior official at a Chinese financial regulator has been named chairman of Tianjin Rural Commercial Bank, the lender said, as more government officials take top roles at regional lenders to improve corporate governance.. . .  Full story

China shares bounce back as tech stocks gain

15/08 China shares reversed course to end higher on Thursday, led by technology stocks, as Beijing pushed to seek technological independence amid a bruising Sino-U.S. trade war.. . .  Full story

China Jan-July non-financial ODI up 3.3% in yuan terms - commerce ministry

15/08 China's non-financial outbound direct investment (ODI) in January-July rose 3.3% from a year earlier to 432.92 billion yuan ($61.71 billion), the commerce ministry said on Thursday.. . .  Full story

Indonesia plans 'surprises' in easing foreign ownership caps -investment chief

15/08 Indonesia will unveil plans for increasing how much foreign investors can own of businesses in some sectors by year-end, the head of the country's investment board told Reuters.. . .  Full story

Japan's Nikkei hits 9-day low as recession fears grip markets

15/08 Japan's Nikkei hit a nine-day low on Thursday as resurgent global recession fears triggered a Wall Street slide and sent the safe-haven yen higher, weighing heavily on the country's export firms.. . .  Full story

China court to auction defunct metal exchange's entire antimony stock

15/08 A court in Southwest China is putting up for sale the entire inventory of the minor metal antimony that was held by the now-defunct Fanya Metal Exchange, as it tries to raise funds to. . .  Full story

JGB yields drop to 3-year lows as recession fears grip markets

15/08 Japanese government bond yields dropped to three-year lows on Thursday, as fears of a global recession gripped the broader markets following an inversion of the U.S. Treasury yield curve.. . .  Full story

China, Hong Kong stocks track global retreat as recession fears loom

15/08 China and Hong Kong stocks fell on Thursday, tracking a selloff on Wall Street, as an inverted U.S. bond yield curve intensified fears about a global recession.. . .  Full story

Indonesia swings to small trade deficit in July

15/08 Indonesia posted a smaller-than-expected trade deficit in July after two months of surpluses, data from the country's statistics bureau showed on Thursday.. . .  Full story

China property price changes in July

15/08 Following is a breakdown of average new home price changes in major Chinese cities in July, announced by the National Bureau of Statistics on Thursday. Home price figures published since. . .  Full story

Japanese shares drop after Wall Street takes a battering

15/08 Japanese shares slid to a nine-day low on Thursday morning as investor sentiment was battered by a big slide on Wall Street amid resurgent fears of a global recession.. . .  Full story

China injects 400 bln yuan via 1-yr MLF, with rate unchanged

15/08 China's central bank on Thursday lent 400 billion yuan ($56.90 billion) to financial institutions via its one-year medium-term lending facility (MLF), with the interest rate unchanged, it said in a statement.. . .  Full story

IL&FS may not have disclosed bad loans for years- central bank report

14/08 Indian shadow bank Infrastructure Leasing & Financial Services (IL&FS), which collapsed late last year, may not have disclosed bad loans on its books for years despite a big part of its loan book having. . .  Full story

India gets above-average monsoon rains for third straight week - weather office

14/08 Monsoon rains in India in the week through Wednesday were above average for a third straight week, the weather office said, easing concerns of drought, although excessive rainfall flooded many districts in the southern and. . .  Full story

India to test using LNG to power fishing boats

14/08 India is set to test using liquefied natural gas (LNG) to power fishing boats ahead of stricter international rules on marine fuel emissions next year, in a move that could help an under-used LNG. . .  Full story