Even as Russia struggles to achieve military and political success in Ukraine, its leaders have turned their attention to another regional objective: restarting business in the “graveyard of empires.” Six months ago, Moscow inked a deal with the Taliban to supply gasoline, oil and wheat to Afghanistan. Some of those commodities are now arriving by road and rail from […]Continue Reading
Rapprochement between Russia and China has dramatically accelerated since the former suspended its participation in the New START treaty. Chinese senior diplomat Wang Yi met with Russian President Vladimir Putin to affirm the flourishing relations between the two countries and their mutual desire to see a multipolar international order. The Communist Party of China’s new […]Continue Reading
Yields on government bonds around the world have tumbled in light of the crisis, and analysts warn the risk of recession has grown. “Global bond markets are suggesting a global economic slowdown, which is not great for Asia,” said John Vail of Nikko Asset Management. Equity markets were well inContinue Reading
FastBeetle’s success on Shark Tank India is motivating youngsters in the region to dream big.Continue Reading
Prime Minister Prayut Chan-o-cha has ordered all relevant officials to keep an eye on the impact of the collapse of Silvergate Bank and Silicon Valley Bank (SVB) in the United States on Thailand’s financial system.Continue Reading
To understand the Silicon Valley Bank (SVB) collapse spooking markets, look no further than events in Jakarta. The Indonesian rupiah’s 3.2% drop since February 1 demonstrates how quickly Asia has resigned itself to the fact that the US Federal Reserve isn’t done tightening. Another batch of too-strong-for-Fed-comfort US employment figures in February only increased the […]Continue Reading
Rapidus, Japan’s advanced logic foundry venture company, has chosen Chitose as the site for a new 5 trillion yen (US$37 billion) semiconductor production facility, a move that will pull the island nation’s northernmost region more firmly into its technology supply chain. Chitose, located 40 kilometers and 30 minutes by express train southeast of Sapporo on […]Continue Reading
Trade negotiators from 14 countries convene in Bali this week to talk about a Framework for Prosperity in the Indo-Pacific. How much the Indo-Pacific Economic Framework (IPEF) secures the interest of businesses and attracts foreign direct investment (FDI) will be a key question on the minds of non-US negotiators. FDI becomes a “carrot” in signing […]Continue Reading
NEW YORK – US bank regulators Sunday announced a massive response to last week’s run on Silicon Valley Bank (SVB) and the risk of copycat runs against other regional banks. The Federal Reserve will provide one-year loans against banks’ security portfolios through a new Bank Term Funding Program, eliminating the risk that banks might be […]Continue Reading
SEOUL: South Korea’s finance minister said on Sunday (Mar 12) the country was closely monitoring any impact from the collapse of Silicon Valley Bank on South Korean markets. Top financial officials met on Sunday to discuss the collapse, the biggest bank failure since the 2008 financial crisis, the finance ministryContinue Reading