Asia Stocks Open Down After Trump-Kim Summit Nixed: Markets Wrap

Asia Stocks Open Down After Trump-Kim Summit Nixed: Markets Wrap

Asian stocks opened lower after the cancellation of the U.S.-North Korea summit, which sparked a move to safe-haven assets. Treasuries and the yen held gains from Thursday, as did gold after its biggest advance in a month. Shares in Japan and Korea dropped alongside those in Australia. U.S. stocks closed lower despite a late rally, […]

Go-Jek officially announces Southeast Asia expansion to fill void left by Uber's exit

Go-Jek officially announces Southeast Asia expansion to fill void left by Uber's exit

There’s good news for consumers in Southeast Asia who are feeling the void after Uber left the region. That’s because Go-Jek, the Indonesia-based ride-hailing company backed by Google, Tencent and others, has officially announced plans to move into four new markets. Go-Jek said today it will move into Vietnam, Thailand, Singapore and the Philippines initially […]

'A nightmare': Southeast Asia sees unprecedented attack on press

'A nightmare': Southeast Asia sees unprecedented attack on press

Reuters journalist Wa Lone is seen working in Sittwe in the state of Rakhine, Myanmar. Photo: REUTERS/Andrew Marshall Three years ago I was in New York, discussing some news from my homeland. The Wall Street Journal and some local news outlets had just published stories revealing how billions had allegedly been siphoned out of Malaysia’s […]

Fast Asia Open: Thailand trade data, Taiwan unemployment

Fast Asia Open: Thailand trade data, Taiwan unemployment

Hudson Lockett in Hong Kong May 21, 2018 Print this page The US has laid out a set of exacting demands for a new nuclear treaty with Iran, insisting that Tehran end its “malign behaviours” in the Middle East in return for waiving all economic sanctions and re-establishing full diplomatic ties. Mike Pompeo, US secretary […]

Central Asia's north-south divide

Central Asia's north-south divide

LONDON — Despite starting from similar points upon the collapse of the USSR, the economies of the five Central Asian former Soviet republics have taken divergent paths since independence. Their differing fortunes leave them in positions of varying strength as they try to balance the interests of traditional ally Russia with the emerging power, China. Kazakhstan’s gross domestic […]

Oil-thirsty Asia under pressure as price of crude approaches $80

Oil-thirsty Asia under pressure as price of crude approaches $80

By Henning Gloystein, Rajendra Jadhav and Neil Jerome Morales / ReutersSINGAPORE/MUMBAI/MANILA — Oil prices are poised to break through $80 per barrel and Asia’s demand is at a record, pushing the cost of the region’s thirst for crude to $1 trillion this year, about twice what it was during the market lull of 2015-2016. Oil […]

Asia Argento Makes Powerful Statement About Cannes' Role in Weinstein Scandal

Asia Argento Makes Powerful Statement About Cannes' Role in Weinstein Scandal

Asia Argento delivered a rousing indictment of Harvey Weinstein and, by extension, the Cannes Film Festival during the Cannes awards ceremony Saturday night. “In 1997, I was raped by Harvey Weinstein here at Cannes,” she began during the presentation of the best actress award alongside Ava DuVernay. “I was 21 years old. This festival was […]

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