StanChart sees Asia, Middle East as bright spots in weak global economy
By Anshuman Daga SINGAPORE (Reuters) – Standard Chartered expects Asia and the Middle East to outperform other regions even as spiralling inflation and a spike in borrowing costs risk tipping major global…
U.S House Speaker Pelosi to visit Asia, no mention of Taiwan
BEIJING – U.S. House Speaker Nancy Pelosi will visit four Asian countries from Sunday, her office said, without mentioning Taiwan amid intense speculation she might visit the self-ruled island claimed by China.…
Asia credit investors feel the pain of China property exposure
By Xie Yu HONG KONG – China’s crisis-hit property sector has driven underperformance this year in some Asia-focused credit funds, including one led by a former Lehman Brothers portfolio manager, pummelling their…
Ukraine war, higher rates to limit growth in developing Asia – ADB
By Karen Lema MANILA – The Asian Development Bank (ADB) on Thursday slashed its growth forecasts for developing Asia for this year and next, reflecting the economic fallout from Russia’s war in…
Bank of America loses top Asia banker Alex To – sources
HONG KONG – Alex To, one of Bank of America’s top rainmakers in Asia, has recently left the bank, three people with knowledge of the matter told Reuters. To, based in Hong…
U.S. Treasury’s Yellen to meet South Korea’s Yoon on final leg of Asia trip
NUSA DUA, Indonesia – U.S. Treasury Secretary Janet Yellen will meet with South Korean President Yoon Suk-yeol and other senior officials in Seoul on Tuesday as she wraps up her first visit…
Fresh COVID wave sweeps Asia, New Zealand warns of pressure on hospitals
By Lucy Craymer and Elaine Lies WELLINGTON/TOKYO – A new wave of coronavirus infections is rapidly spreading through Asia, prompting warnings for residents from New Zealand to Japan to take precautions to…
U.S. envoy sees ‘consequential shift’ in NATO, Asia ties amid China challenges
By Hyonhee Shin SEOUL – The recent attendance by four Asia Pacific leaders at the NATO summit reflects a “consequential shift” in the U.S. transatlantic security partnership which Washington seeks to expand…
3M to exit Neoplast, Neobun brands in Southeast Asia
(Reuters) – Industrial conglomerate 3M Co said on Friday it will exit its Neoplast and Neobun brands in Thailand and some other Southeast Asian countries, and sell manufacturing assets at its Ladlumkaew…
Citigroup creates new Asia leadership structure – memo
By Scott Murdoch HONG KONG – Citigroup Inc has created a new regional leadership structure for its Asian business, according to a memo seen by Reuters. Tim Monger has been appointed as…
China Launches Largest Aircraft Carrier Asia Has Ever Built
China Launches Largest Aircraft Carrier Asia Has Ever Built Philip Lenczycki on June 17, 2022 China’s People’s Liberation Army (PLA) Navy reportedly launched Asia’s largest aircraft carrier to date on Friday, according…
Analysis-Investors say Asia a safe place as Fed hikes but premature to jump in
By Rae Wee and Alun John SINGAPORE/HONG KONG – Asia’s emerging economies are better placed than most other regions to weather a bout of turbo-charged U.S. policy tightening, analysts say, but with…
Asia FX bears hit record high on hawkish Fed, China growth worries: Reuters poll
By Shashwat Awasthi and Savyata Mishra (Reuters) – Bearish bets on several Asian currencies hit a record high in the face of rising U.S. interest rates that supported the dollar, while repeated…
Manulife Asia on track for 2025 earning goal despite economic weakness
By Selena Li HONG KONG – Manulife Financial’s Asia unit is on track to account for half of the Canadian insurer’s core earnings by 2025 despite economic slowdowns and impact of COVID-19…
China to miss boom in Asia buyout deals despite likely easing of crackdown
By Scott Murdoch and Kane Wu HONG KONG – Buyout funds are set to extend a record spending spree in Asia to the rest of the year but they will be mostly…
At Asia security summit, Japan vows to boost regional security role
By Chen Lin and Idrees Ali SINGAPORE – Japan’s Prime Minister Fumio Kishida pledged on Friday to boost its regional security presence to counter multiple threats, from China’s expansion in the South…
Freeport LNG fire cuts key source of U.S. gas supply to Europe, Asia
By Marwa Rashad LONDON (Reuters – An at least three-week shutdown at Freeport LNG, operator of one of the largest U.S. export plants producing liquefied natural gas (LNG), is expected to delay…
Asia FX bears retreat slightly, China concerns persist – Reuters poll
By Harish Sridharan (Reuters) – Bearish bets on Asian currencies reduced on signs that China’s economic pain may abate with easing of COVID-19 curbs, but analysts were still wary of future lockdowns…
Ukraine a global issue, not regional one, Biden says in Asia
TOKYO – The crisis in Ukraine is a global issue, not a regional one, U.S. President Joe Biden said at a meeting of the Quad grouping of countries in Tokyo on Tuesday.…
Analysis-New Australian govt looks to SE Asia as it deals with ‘difficult’ China relationship
By Kirsty Needham SYDNEY – Australia’s new Labor government will put greater focus on relations with Southeast Asia and climate change, an issue crucial to its Pacific neighbours, as it navigates ties…
Manulife, Sun Life see 1st-qtr earnings decline; Asia COVID challenges weigh
By Nichola Saminather (Reuters) – Canada’s biggest life insurers, Manulife Financial and Sun Life Financial on Wednesday reported core earnings fell from a year ago as the COVID-19 pandemic took a toll…
Biden Taps Donor With CCP Ties To Represent US Business In Asia
Biden Taps Donor With CCP Ties To Represent US Business In Asia Philip Lenczycki on April 29, 2022 President Joe Biden tapped a Democrat donor with ties to the Chinese government to…
Saudi Arabia may cut June crude prices to Asia from record highs
By Florence Tan and Muyu Xu SINGAPORE – Top oil exporter Saudi Arabia may cut prices for crude grades sold to Asia in June after benchmarks slumped from records in the previous…
Asia prices down on soft demand, further downside seen limited
By Marwa Rashad LONDON – Asian spot liquefied natural gas (LNG) prices were down this week on softer Spring demand but further downside is limited as Asian buyers are expected to start…
Asia FX bearish bets firm as cenbanks catch-up to Fed tightening- Reuters poll
By Indranil Sarkar (Reuters) – Bearish bets on most Asian currencies firmed, a Reuters poll found on Thursday, as several regional central banks trail the U.S. Federal Reserve in tightening their monetary…
Most financial institutions in Asia need until 2023 to scrap Libor benchmark
HONG KONG – Most financial institutions operating in Asia will take until next year to remove references to the Libor benchmark in loan agreements, an industry survey found, though most iterations of…
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