MANILA (Reuters) -Philippines President Ferdinand Marcos Jr said on Monday the country will not use water cannons or any offensive weapons in the South China Sea.
The last thing the Philippines wants to do is to raise tensions in the strategic waterway, Marcos told reporters.
"We will not follow the Chinese coast guard and Chinese vessels down that road," Marcos said, adding that the mission of Philippine navy and coast guard was to lower... (continue reading...)
SEOUL (Reuters) - Indonesia has proposed to cut its share of payments for a joint fighter jet development project with South Korea to about one-third of the originally agreed amount, South Korean news agency Yonhap reported on Monday.
Indonesia recently suggested to the South Korean government that it would pay about 600 billion won ($442.47 million) for the KF-21 joint fighter jet project, Yonhap reported, citing multiple unnamed government sources.... (continue reading...)
By Rae Wee
SINGAPORE (Reuters) - Asian stocks rose on Monday on renewed bets that the Federal Reserve would likely ease rates this year, while the yen weakened after a strong surge last week from Tokyo's suspected currency intervention.
Trading was thinned in Asia with Japan out for a holiday, though markets in mainland China got off to an upbeat start after returning from an extended break.
MSCI's broadest index of... (continue reading...)
MEXICO CITY (Reuters) - Family members of three tourists who went missing in northern Mexico last month have identified their bodies, the state prosecutor's office in Baja California said in a statement on Sunday.
The remains of Australian brothers Callum, 33, and Jake Robinson, 30, and American Carter Rhoad, 30, were found in a well earlier this week in what authorities are treating as a murder investigation.
(Reporting... (continue reading...)
(Reuters) - Kim Godwin decided to step down from her position as president of Disney-owned ABC News, the executive said in an internal memo seen by Reuters on Sunday night.
No successor has been named for the position.
"I have decided to retire from broadcast journalism," Godwin said in the memo.
"Anyone who's passionate about what we do knows there's no other business like it, so this was not an easy or quick decision.... (continue reading...)
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