China using 'debtbook diplomacy' to spread its strategic aims in Asia Pacific

China using 'debtbook diplomacy' to spread its strategic aims in Asia Pacific

The independent report, written by a pair of Harvard University scholars, identified 16 countries targeted by the Chinese government for “debtbook diplomacy, ” with Pakistan, Djibouti and Sri Lanka identified as being most vulnerable. According to the report, in some cases the huge debts grow to a size too large to pay back, allowing Beijing […]

Europe Stocks Track Asia Declines as Bonds Retreat: Markets Wrap

Europe Stocks Track Asia Declines as Bonds Retreat: Markets Wrap

The tone across markets was decidedly risk-off on Tuesday, with European stocks following Asian peers lower as traders grappled with worries around trade, growth and geopolitics. A bond selloff deepened and the dollar and oil were steady. The Stoxx Europe 600 Index fell a second day as most national gauges in the region retreated. Equity […]

The ousted Malaysian government pressured Air Asia to cancel 120 flights to stop people voting in a historic election

The ousted Malaysian government pressured Air Asia to cancel 120 flights to stop people voting in a historic election

Ousted Malaysian Prime Minister Najib Razak. Paul Kane – Pool/Getty Images Air Asia CEO Tony Fernandes has claimed that his airline was pressured to cancel extra flights in order to suppress voter turnout at Malaysia’s historic election last week. The May 9 election was held for the first time on a Wednesday, drawing criticism that […]

Tariffs, Facebook, Joe Biden: Your Friday Briefing

Tariffs, Facebook, Joe Biden: Your Friday Briefing

Our Beijing correspondent looks at the challenges China’s president, Xi Jinping, must now confront. _____ Video How the Las Vegas Gunman Planned a Massacre, in 7 Days of Video Using exclusive surveillance footage obtained from MGM Resorts, we pieced together the last days of Stephen Paddock, the Las Vegas gunman. He plays video poker, laughs […]

Seattle-based operator of hospitals in Asia raises $210 million

Seattle-based operator of hospitals in Asia raises $210 million

Seattle-based Columbia Pacific Management said the new investment in its Asia hospital company, which runs 29 hospitals and two clinics in India, Malaysia, Vietnam, Indonesia and Kenya, comes primarily from Japan’s Mitsui trading company. By By Seattle Times business staff Seattle-based Columbia Pacific Management said it has raised $210 million for its Asia hospital company, […]

Asia a key battleground in fight against killer air pollution: UN

Asia a key battleground in fight against killer air pollution: UN

BANGKOK: Asia is a critical battlefield in the global fight to rein in air pollution, registering about 5 million premature deaths each year, delegates at a United Nations conference said on Wednesday (Mar 21), as they urged tougher enforcement of curbs. The World Health Organization (WHO) calls air pollution the greatest environmental risk to human […]

Citadel Securities Hires Cronin for Europe, Asia Treasuries Push

Citadel Securities Hires Cronin for Europe, Asia Treasuries Push

Citadel Securities LLC, the market-maker founded by Ken Griffin, hired Anthony Cronin of Societe Generale SA to head Treasuries trading in Europe as part of a push into the ranks of leading global dealers in the U.S. government-debt market. The addition, which is effective Monday, expands the firm’s market-making ability to span the full European […]

Entrepreneurs are driving Asia's wealth creation: Credit Suisse

Entrepreneurs are driving Asia's wealth creation: Credit Suisse

Entrepreneurs are the economic pulse of Asia Pacific, which continues to be the world’s fastest-growing region, according to Credit Suisse. “Asia has the highest number of first- and second-generation entrepreneurs, which drives the economy,” Credit Suisse Asia Pacific CEO Helman Sitohang told CNBC at the bank’s annual Asian Investment Conference. Countries have become more prosperous […]

Southeast Asia says gravely concerned about North Korea weapons

Southeast Asia says gravely concerned about North Korea weapons

SYDNEY (Reuters) – Southeast Asian countries and Australia said on Sunday they held “grave concerns” about escalating tension caused by North Korea’s nuclear and missile programs and urged “irreversible” denuclearization. Laos’ Prime Minister Thongloun Sisoulith, Indonesia’s President Joko Widodo, Cambodia’s Prime Minister Hun Sen, Brunei’s Sultan and Prime Minister Sultan Bokliah, Thailand’s Prime Minister Prayut […]

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