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…
UBS names new manager for embattled Asia fund
By Xie Yu HONG KONG – UBS Group AG has appointed a new manager to oversee a $2 billion Asian high yield fund, the Swiss bank said in a statement, after a…
Citigroup appoints new Asia Pacific wealth boss
HONG KONG – Citigroup Inc said on Tuesday it appointed Angel Ng to lead its Asia Pacific global wealth management business. Ng, currently Citigroup’s Hong Kong chief executive, will oversee Citi’s wealth…
Asia deals slide in Q1, hit by deteriorating business outlook
By Scott Murdoch and Anshuman Daga SYDNEY/SINGAPORE – Asia deal volume tumbled in the first quarter and dealmakers do not expect a near-term rebound as the Russia-Ukraine war, higher interest rates and…
Saudi Arabia may raise May crude prices to Asia to new record levels
(Corrects to insert dropped word in 3rd paragraph) By Florence Tan SINGAPORE – Top oil exporter Saudi Arabia is expected to raise crude prices to Asia in May to new highs, tracking…
Climate-related disasters pose ‘major’ growth threat in Middle East, Central Asia – IMF
By Andrea Shalal WASHINGTON – The frequency and severity of climate-related disasters are rising faster in the Middle East and Central Asia than anywhere in the world, posing a “major threat” to…
COVID cases in Asia surpass 100 million – Reuters tally
By Rittik Biswas and Roshan Abraham (Reuters) – Coronavirus infections in Asia passed 100 million on Wednesday, according to a Reuters tally, as the region records a resurgence in cases, dominated by…
U.S. sees compliance, even ‘self-sanctioning’, on Russia export controls in Asia
TAIPEI – The United States has not seen any indications of non-compliance in Asia with export controls on Russia due to its invasion of Ukraine, and companies are even self-sanctioning, a senior…
Asia FX bears remain firm as risks from geopolitics, inflation persist – Reuters poll
By Harshita Swaminathan – Investors stayed bearish on most emerging Asian currencies and turned short on Thailand’s baht for the first time in three months, as uncertainty from Russia’s invasion of Ukraine…
HSBC sells Greek retail bank as it sharpens Asia focus
LONDON -HSBC announced on Monday it has agreed to sell its branch operations in Greece to local bank Pancreta Bank, as the lender further sharpens its focus on its biggest market Asia.…
Russia looking at sourcing aircraft spare parts from Asia
-Russia is working on sourcing spare parts for aircraft from China and other Asian countries, the transport ministry said on Friday, and has not yet decided whether to buy foreign airplanes leased…
Bearish bets on Asia FX rise amid Ukraine crisis, rupee shorts near two-year high – Reuters Poll
By Shashwat Awasthi and Harshita Swaminathan – Investors raised their bearish views on most Asian currencies, with short bets on the Indian rupee at a near two-year high, as Russia’s invasion of…
Asia braces for growth hit from Ukraine-driven inflation shock
By Leika Kihara and Byron Kaye – An oil-driven inflation shock triggered by the war in Ukraine is forcing Asia’s policymakers to rethink their assumptions for 2022, with the risks of weak…
Global LNG demand growth shifts from Asia to Europe on Russia sanctions
By Isabel Kua SINGAPORE – Asia’s liquefied natural gas (LNG) demand growth may cool this year as buyers baulk at record-high spot prices pushed even higher by Europe’s shift to the super-chilled…
Chanel increases prices again in Europe and Asia
MILAN – French luxury group Chanel has again increased prices on some of its products, after three price hikes in 2021, meaning some of its signature handbags now cost up to twice…
Russia to widen trade, economic ties with Asia after Western sanctions
MOSCOW – Russia’s economy ministry on Friday said it was working on measures to minimise the effect of Western sanctions imposed after Russia’s invasion of Ukraine and would be stepping up trade…
Hong Kong’s Bank of East Asia proposes $372 million share buyback
– Hong Kong’s Bank of East Asia Ltd said on Friday it intends to buy back 8.43% of its total issued shares worth HK$2.904 billion ($372.65 million) owned by hedge fund Elliot…
World News: India’s Parliament approves contentious citizenship bill
India’s Parliament has approved a controversial citizenship bill that grants citizenship to minorities facing persecution from three neighbouring countries – but excludes Muslims. A day after clearing the lower house, the Citizenship…
World News: Pakistan hands over captured pilot Abhinandan Varthaman to India
Pakistan has handed over a captured pilot to Indian authorities at the Wagah border, a move aimed at de-escalating tensions after days of hostilities between the South Asian neighbours. Wing Commander Abhinandan…
World News: Sri Lanka vote: Rajapaksa wins presidency as Premadasa concedes
Sajith Premadasa has conceded to his rival Gotabaya Rajapaksa in Sri Lanka’s Presidential election. Around half of the votes have been counted so far and there has not been an official result…
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