Asia

Russia, China Agree to Boost Economic and Security Ties to Counter US Dominance in Europe and Asia

Russia, China Agree to Boost Economic and Security Ties to Counter US Dominance in Europe and Asia

Russia and China have announced plans to deepen their security cooperation in Asia and Europe to counter the US' attempts to exert dominance on these regions.

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HSBC Is Considering Selling Some Business Units in Germany to Focus on Asia as It Further Exits From Europe

HSBC Is Considering Selling Some Business Units in Germany to Focus on Asia as It Further Exits From Europe

HSBC is reportedly considering selling various business units in Germany.

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SINGAPORE-ECONOMY

Escalating Violence in Red Sea Raises Threatens Asia's Economic Growth

Projections indicate an up to a 0.5% reduction in economic growth and a 0.4% increase in inflation rates due to disrupted supply chains, especially impacting Southeast Asian nations reliant on exports.

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China's Delayed 'Third Plenum:' Sign of Serious Struggle Amid Economic Challenges?

The Third Plenum has not yet materialized, raising concerns about the country's ability to tackle economic challenges despite anticipated ambitious growth targets.

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Google's Renewable Energy Seed Funding Starts In Taiwan

Google will provide seed funding in Asia's renewable energy that will start off in Taiwan. Through the Center for Resource Solutions, the funds will be used to set up renewable energy certification programs.

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Asian markets trade lower as US risk-off sentiment kicks in

Tracking sell-off on Wall Street, Asian markets turned weaker. Renewed growth concerns and effectiveness of central bank policy have worsened the investor sentiment.

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The World is Facing Sugar Shortage Until at Least 2017, Caused by El Niño

El Niño is hitting on cane productions especially in Asia, leading to a global shortage and the rise in prices. This would be the first year of sugar shortage after years of surplus. The shortage is projected to be prolonged to at least next year.

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Samsonite Sales Reach Record at £1.6 billion With £136 million Profit as China Sales Soar

Samsonite saw strong sales in Asia, particularly China, in 2015. The company is not sure about 2016 outlook due to potential challenges, as it moves forward to boost presence in Asian markets.

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Silicon Valley Accelerator 500 Startups Allocated $10 Million Fund for Vietnam Startups

500 Startups is seeing a great potential in Vietnam, where more than half of its population are below the age of 30 and most adults are using smartphones. The Silicon Valley-based accelerator is preparing a $10 million investment fund dedicated for Vietnam startups.

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Asian Shares Reversed Its Gain After Oil Prices Retreat, Other Markets Also Under Pressure

Asian shares fell back from a seven-week high on Tuesday as oil prices fell more than 2 percent. The sudden drop happened after the Asia-Pacific indices rose to its highest level since the beginning of the year, after seeing the rise in oil prices before reversing back.

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Will Venture Capital Slowdown Hit Asia in 2016?

Asia has been a growing market for startup companies and venture capital deal. However, as U.S. venture capital faces a slowdown and overblown valuation, will Asia also experience the same?

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McDonald's Soon to Serve Draft Beer in South Korea

McDonald's is about to launch its experimental outlet in Seoul, South Korea, with draft beer. The fast-food giant has taken its first steps to introduce the concept of beer with hamburgers in Asia, having added this beverage long time back in its German, French, and Spanish outlets. If the Asian people embrace this concept, McDonald's is ready to open up two more similar outlets in Gangnam and Sinchon.

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Asian Markets Shows Remarkable Rise as Crude Oil Prices Increased

The rise of oil prices had brought positive growth to most of the Asian markets, except for Japan. On the other hand, European market had seen a drop. The oil prices increased overnight due to speculations that U.S Federal Reserve would possibly decide not to increase interest rates throughout 2016.

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Ford Motor exits Japan, Indonesia as well

Ford Motor has announced on Monday that they would be exiting the Japanese and Indonesian markets by the end of this year as the governments are running a very "closed" market, protecting domestic sales over the international ones. The automaker has been unable to increase their sales or sustain profits under such circumstances. They said that the employees have already been informed and they would be providing detailed explanations regarding post-sale services like servicing and providing new car parts to its customers very soon.

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Hang Lung’s chief confident about Hong Kong property market being ‘healthiest’ in 25 years

In the face of declining home prices, as evident from the last quarter, the chairman of Hang Lung Group, Hong Kong's leading developer, expressed that the city property market is now more robust than it has ever been in the last 25 years.

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