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RPT-Fight for Syria's Aleppo exposes limits of Russian air power

MOSCOW, Aug 29 Russia's politically-sensitive and ultimately fruitless decision to launch bombing missions on Syria from Iranian soil has exposed the limits to its air power, leaving Moscow in need of a new strategy to advance its aims.

12:30pm IST

S.Korea's KDB says Hanjin Shipping's creditors to end support for firm

SEOUL, Aug 30 Creditor banks of Hanjin Shipping Co Ltd have decided to halt financial support for the company as of Sept. 4, lead creditor bank Korea Development Bank (KDB) said on Tuesday, pushing the troubled shipper closer towards court receivership.

12:17pm IST

Petrofac names former BG executive as CFO

Aug 30 British oilfield services company Petrofac Ltd on Tuesday named former BG Group executive Alastair Cochran as its finance head.

11:57am IST

UPDATE 2-Hanjin's banks dropping support for S.Korean shipper-sources

* Likelihood of Hanjin entering court receivership rises-sources

11:55am IST

S.Korea regulator rules out Hanjin-Hyundai Merchant Marine merger -Yonhap

SEOUL, Aug 30 A merger of troubled South Korean shipper Hanjin Shipping Co Ltd and Hyundai Merchant Marine Co Ltd is impossible at present, Yonhap news agency on Tuesday quoted the head of the country's financial regulator as saying.

11:53am IST
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In Asia, Obama faces trade pact test amid U.S. opposition

WASHINGTON When President Barack Obama travels to Asia next week, he will try to reassure leaders in the region that he still has the clout to deliver U.S. approval for the sweeping Trans-Pacific Partnership, even though the two candidates vying to succeed him and a congressional leader have said the 12-nation trade deal should not move forward.