Asia will benefit from China’s reopening despite a muted global growth forecast and amid troubles brewing in the banking sector, Mr Cormann said.Continue Reading
Responding to the Biden administration’s request that China’s ByteDance sell its stake in TikTok for national security reasons, Beijing has complained that the United States is “suppressing” Chinese companies. The Committee on Foreign Investment in the United States (CFIUS), an inter-agency committee of the US government, told ByteDance that if it doesn’t dispose of TikTok’s […]Continue Reading
US regulators’ swift reaction to the collapse of Silicon Valley Bank and two other lenders partially restored calm to markets, but concerns remain over the stability of the global financial system. The government is racing to orchestrate a US$30 billion rescue of First Republic Bank by the nation’s largest financial institutions after the California lender’s […]Continue Reading
SCEPTICISM AT HOME Behind the scenes, Japanese officials have been cautious about improving relations. Yoon also faces scepticism at home. In a poll by Gallup Korea published Friday, 64 per cent of respondents said there was no need to rush to improve ties with Japan if there was no changeContinue Reading
WHY HAS PRESSURE GROWN ON TAIWAN? During the eight years in which Beijing-friendly Ma Ying-jeou was president of Taiwan, the island lost diplomatic recognition from just one country. But relations plunged in 2016 with the election of his successor Tsai Ing-wen. She enraged China by espousing a position that TaiwanContinue Reading
Renowned photojournalist Thierry Falise recently returned from a month in Myanmar’s Kayah state, a front line in the nation’s raging civil war. This is the first article of a two-part series. KAYAH, Myanmar – Maui is a chubby man with a thick goatee and a mischievous smile. Yet the 29-year-old fighter’s affability and ease belie […]Continue Reading
The Federal Reserve is facing a rather sticky problem. Despite its best efforts over the past year, inflation is stubbornly refusing to head south with any urgency to a target of 2%. Rather, the inflation report released on March 14, 2023, shows consumer prices rose 0.4% in February, meaning the year-over-year increase is now at […]Continue Reading
SINGAPORE: Asian stocks tumbled on Thursday (Mar 16), and investors bought gold, bonds and the US dollar as fear of a banking crisis was reignited by fresh troubles at Credit Suisse, leaving markets on edge ahead of a European Central Bank (ECB) meeting later in the day. Japan’s Nikkei fellContinue Reading
However, the developments sent shivers through Asian markets as memories of the 2008 global financial crisis came flooding back. Among banks, Japan’s Sumitomo Mitsui Financial and Mitsubishi UFJ Financial shed more than 2 per cent apiece, while South Korea’s Hana Financial Group gave up more than 3 per cent andContinue Reading
Commerce, culture and connectivity are often cited as the three main pillars of India-Thailand relations. Maritime trade between the two countries has existed since 1500 BCE, paving the way for people-to-people contact and cultural interaction between the two states bordering the Bay of Bengal. Thailand was among the first nations to establish diplomatic ties with […]Continue Reading