Asia/Pacific

Amazon Web Services to Invest Nearly $9 Billion to Boost Cloud Computing Venture in Singapore

Amazon Web Services (AWS) is planning to invest nearly $9 billion to expand its cloud computing infrastructure and services in Singapore.


EU Greenlights Japan's Nippon Steel's $14.9 Billion Acquisition of US Steel Despite Opposition

The European Union (EU) has approved Japan's Nippon Steel's acquisition of US Steel for $14.9 billion despite facing opposition in the United States...

Xi Jinping Urges France to Resist 'New Cold War' Amid EU's Shift Towards US Alliance

Xi Jinping's visit to France amid EU tensions highlights economic cooperation, opposing a "New Cold War."..

Dollar Drops to Three-Week Low Against Japanese Yen as US Jobs Data Boosts Fed Cut Bets

The US dollar dipped to a three-week low against the Japanese yen on Friday following reports of US jobs and wage growth slowed down in April...


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China's consumers spending rise on spas, travel, entertainment
Chinese consumers are spending more on spa visits, travel and entertainment as income levels are on upward movement. The consumer spending is expected rise 10 percent annually for the next decade.
New Zealand Suffers Acute Shortage of Marijuana: 42% Aged Kiwis Familiar With Smoking Weed
Use of cannabis is very common in the island state of New Zealand. Around 42% of all aged Kiwis have reportedly tried the most popular but illegal substance. However, the island nation is going throug
Vijay Mallya's Kingfisher House Auctioned at Rs 150 Crore Base Price
Vijay Mallya's Kingfisher's House is in auction with a base price fixed at Rs 150 crore. A consortium of SBI led the auction where interest buyers will bid online. Lenders are optimistic that the said
Yen rise deflates value of Japan's exports to US
The strengthening of Yen is eroding the value of Japan's exports to the US. Its overall exports volume was flat, while the value declined over four percent owing to rising Yen.
New Zealand's GDP growth rate beats forecasts
New Zealand's economy growth rate was higher than the forecasts for last quarter of 2015. Led by business services, retail, accommodation and construction sectors, the country's gross domestic produc
Kingfisher Airlines, Grant Thornton India Under SFIO Probe Over 'Inflated Valuation'
Serious Fraud Investigation Office (SFIO) has been probing on Vijay Mallya's Kingfisher Airlines and Grant Thornton India regarding the 'inflated valuation' that reached over Rs 4,000 crore. The valu
Facebook sees growth in Asia despite India's ban on Free Basics
Facebook Inc is bullish on Asian market potential. Recently, Facebook's Free Basics service has been banned by Telecom Regulatory Authority of India (Trai). Despite this jolt, Facebook is still optimi
Bangladesh Bank Governor Resigns Over Biggest Ever Cyber Heist Scandal
The Bangladesh Bank Governor has tendered his resignation to the country’s prime minister following cyber theft of $81 million. He claims to remain in dark till the news got published in the media. Th
China Will Regulate Ride Hailing Services while Indonesia Plan to Ban Them
China will try to draw up rules to regulate ride hailing service as the market has grown very big. Meanwhile Indonesia transportation minister plan to ban Uber and GrabTaxi.
Japan's banking woes may hit global markets
The turbulent situation Japan's banking sector is likely to impact global markets. A leading hedge fund manager says that collapse in the Japan's banking industry blindsides the market, while shruggin
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