
Philippines' Marcos Eyes India Trade, Defense in Talks With Modi
'They are also expected to exchange views on regional and international issues of common concern,' Foreign Affairs Assistant Secretary Evangeline Ong Jimenez-Ducrocq said in a briefing on Friday. Marcos' trip to India is set on Aug. 4-8 upon Modi's invitation.
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Washington Post
25 minutes ago
- Washington Post
Wife of South Korea's ousted ex-President Yoon appears for questioning over corruption allegations
SEOUL, South Korea — The wife of South Korea's ousted former President Yoon Suk Yeol appeared for questioning by a special prosecutor Wednesday, as investigators expanded a probe into suspicions of stock manipulation, bribery, and interference in party nominations. The investigation into Kim Keon Hee is one of three separate special prosecutor probes launched under Seoul's new liberal government targeting the presidency of Yoon, who was removed from office in April and rearrested last month over his brief imposition of martial law in December.
Yahoo
an hour ago
- Yahoo
Oil prices rebound from 5-week low on Trump threats on Russian crude buyers
By Yuka Obayashi TOKYO (Reuters) -Oil prices climbed on Wednesday, rebounding from a five-week low in the previous day, on concerns of supply disruptions after U.S. President Donald Trump's threats of tariffs on India over its Russian crude purchases. Brent crude futures rose 29 cents, or 0.4%, to $67.93 a barrel by 0119 GMT while U.S. West Texas Intermediate crude was at $65.44 a barrel, up 28 cents, or 0.4%. Both contracts fell by more than $1 on Tuesday to settle at their lowest in five weeks, marking a fourth session of losses, on oversupply concerns from OPEC+'s planned September output hike. "Investors are assessing whether India will reduce its Russian crude purchases in response to Trump's threats, which could tighten supply, but it remains to be seen if that will actually happen," said Yuki Takashima, economist at Nomura Securities. "If India's imports remain steady, WTI is likely to stay within the $60-$70 range for the rest of the month," he said. The Organization of the Petroleum Exporting Countries and its allies, together known as OPEC+, agreed on Sunday to raise oil production by 547,000 barrels per day for September, a move that will end its most recent output cut earlier than planned. The OPEC+ pumps about half of the world's oil and had been curtailing production for several years to support the market, but the group introduced a series of accelerated output hikes this year to regain market share. At the same time, U.S. demands for India to stop buying Russian oil as Washington seeks ways to push Moscow for a peace deal with Ukraine could upset supply flows as Indian refiners seek alternatives and Russian crude is redirected to other buyers. Trump on Tuesday again threatened higher tariffs on Indian goods over the country's Russian oil purchases over the next 24 hours. Trump also said declining energy prices could pressure Russian President Vladimir Putin to halt the war in Ukraine. New Delhi called Trump's threat "unjustified" and vowed to protect its economic interests, deepening a trade rift between the two countries. Nomura's Takashima also pointed to industry data showing crude inventories in the U.S., the world's biggest oil consumer, as supportive for the oil market. U.S. crude inventories fell by 4.2 million barrels last week, sources citing American Petroleum Institute figures said on Tuesday. That compares with a Reuters poll estimate of a 600,000 barrels draw for the week to August 1. [API/S][EIA/S] The U.S. Energy Information Administration is due to release its weekly inventory data on Wednesday. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Associated Press
an hour ago
- Associated Press
Wife of South Korea's ousted ex-President Yoon appears for questioning over corruption allegations
SEOUL, South Korea (AP) — The wife of South Korea's ousted former President Yoon Suk Yeol appeared for questioning by a special prosecutor Wednesday, as investigators expanded a probe into suspicions of stock manipulation, bribery, and interference in party nominations. The investigation into Kim Keon Hee is one of three separate special prosecutor probes launched under Seoul's new liberal government targeting the presidency of Yoon, who was removed from office in April and rearrested last month over his brief imposition of martial law in December. The conservative's abrupt and poorly planned power grab on Dec. 3 came during a seemingly routine standoff with the liberals, whom he described as 'anti-state' forces abusing their legislative majority to obstruct his agenda. Some political opponents have questioned whether Yoon's actions were at least partly motivated by growing allegations against his wife, which hurt his approval ratings and gave political ammunition to his rivals. 'I apologize for causing concern to the people, even though I am someone insignificant,' Kim told reporters as she arrived for questioning. She added that she would sincerely cooperate with the investigation, before walking away without responding to specific questions about the allegations. Through a heavy police presence, dozens of Yoon's supporters gathered outside the special prosecutor's office in downtown Seoul, waving South Korean and U.S. flags and banners in light rain. Yoon, who was sent back to prison last month and faces a high-stakes trial on rebellion and other charges, resisted an attempt by investigators last week to compel him for questioning over his wife. Investigators said he took off his prison uniform and laid down on the floor of his cell in his underwear before they gave up executing the warrant to detain him. They plan to negotiate with Yoon's lawyers to arrange a possible questioning. Yoon and Kim have faced suspicions of exerting undue influence over the conservative People Power Party to nominate a specific candidate for a 2022 parliamentary by-election, allegedly at the request of Myung Tae-kyun, an election broker and founder of a polling agency who conducted free opinion surveys for Yoon before he became president. Kim is separately linked to multiple corruption allegations, including claims that she received a necklace and other gifts through a fortuneteller acting as an intermediary for a Unification Church official seeking business favors, as well as possible involvement in a stock price manipulation scheme. While in office, Yoon repeatedly dismissed calls to investigate his wife, denouncing them as baseless political attacks. Yoon's martial law decree lasted only hours, after a quorum of lawmakers managed to break through a blockade of heavily armed soldiers and voted to revoke the measure. He was impeached by lawmakers on Dec. 14 and was formally removed from office by the Constitutional Court in April. Shortly after winning the early presidential election in June, new liberal President Lee Jae Myung approved legislation to launch sweeping special investigations into Yoon's martial law debacle, the allegations against his wife, and the 2023 drowning death of a marine during a flood rescue operation, an incident Lee's Democratic Party claims Yoon's government tried to cover up. Yoon had been released from prison in March after the Seoul Central District Court overturned his January arrest, but the same court approved his new arrest in July, accepting a special prosecutor's claim that he poses a risk of destroying evidence.