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  • Nikkei Asia300 Index falls as North Korea tensions resurface

    MUMBAI (NewsRise) -- Asian stocks outside of Japan declined Friday as North Korea's threat of a hydrogen bomb test exacerbated tensions surrounding the region, hurting investor appetite.The Nikkei Asia300 Index lost 1% to end at 1,313.72. For the we

    September 22, 2017 08:53 pm JST
  • Singapore stocks post weekly advance as banks rally

    SINGAPORE (Nikkei Markets) -- Singapore shares rose this week, as gains in banking stocks overshadowed a slump in ComfortDelGro.The city-state's equities edged higher on Friday as well, recovering from intraday losses triggered by North Korea's late

    September 22, 2017 07:39 pm JST
  • Singapore's rebel bookseller seeks new narrative

    SINGAPORE -- One evening in May 2015 in Singapore, a week before the public launch of a much anticipated manga-style novel, publisher Edmund Wee received a phone call summoning him to the National Arts Council.The book was "The Art of Charlie Chan H

    September 22, 2017 06:00 pm JST
  • Nikkei Asia300 Index advances as South Korean chipmakers gain

    MUMBAI (NewsRise) -- Asian stocks outside of Japan rose Thursday, helped by gains in South Korean chip makers, even as the U.S. Federal Reserve's latest policy review spurred bets of a rate increase in December.The Nikkei Asia300 Index advanced 0.2%

    September 21, 2017 09:05 pm JST
  • Singapore, Malaysia stocks fall amid bets of Fed rate hike in December

    KUALA LUMPUR (Nikkei Markets) - Stocks in Singapore and Malaysia edged lower on Thursday as odds of a Federal Reserve rate increase in December rose after this week's monetary policy review.After the two-day review that concluded Wednesday, the Fed

    September 21, 2017 08:49 pm JST
  • Singapore's GIC to buy 51% of Sheraton Grande Tokyo Bay Hotel for $460m

    SINGAPORE -- Singaporean sovereign wealth fund GIC announced Thursday it would invest approximately $460 million in a 51% stake in Sheraton Grande Tokyo Bay Hotel in Japan.GIC will acquire the majority stake through a joint venture to be set up with

    September 21, 2017 08:37 pm JST
  • Chinese slowdown, commodities behind slow trade, not protectionism

    SINGAPORE --Anti-globalization sentiment is not the main cause of weakening trade across the world, but rather a slowdown in China and the collapse of commodities prices, although Asia will benefit from a rising middle class, said a trade finance ex

    September 21, 2017 08:31 pm JST
  • CapitaLand REIT to buy $1.55bn office tower in Singapore

    SINGAPORE -- CapitaLand Commercial Trust, the real estate investment trust under Singapore's top property developer CapitaLand, announced Thursday that it is buying Asia Square Tower 2, a top-end office tower in Singapore, from the American fund Bla

    September 21, 2017 08:30 pm JST
  • Singapore Exchange eyes higher returns from cash pile

    SINGAPORE (Nikkei Markets) -- Singapore Exchange is looking for ways to better deploy its huge cash holdings and might consider parking excess funds in riskier assets to generate better returns, its chairman said.Kwa Chong Seng was speaking at the b

    September 21, 2017 06:14 pm JST
  • Fledgling Japanese fintech sector needs to 'design for global use'

    TOKYO -- For a country with such a strong reputation for advanced technology, Japan has lagged far behind its global peers when it comes to applying it to financial services.Both the national and metropolitan governments have now embarked on an aggr

    September 21, 2017 05:25 pm JST
  • Asia will be home to 60% of world's elderly by 2030s: Deloitte

    SINGAPORE -- Some 60% of the world's population of people over 65 years old will live in Asia by 2030, causing a number of economies in the region to face demographic challenges before they get rich enough, according to a recent report by consultanc

    September 21, 2017 02:45 pm JST
  • Export growth brings currency headaches for Asia

    SINGAPORE/MUMBAI Pasir Panjang, a port in southern Singapore, is bustling with activity. Total container throughput in August rose 9.9% on the year to 2.94 million TEUs (twenty-foot equivalent units), according to the Maritime and Port Authority of

    September 21, 2017 10:00 am JST
  • Don't neglect globalization's 'losers'

    SINGAPORE While globalization can bring about healthy competition and push companies to change for the better, it is important not to neglect those who lose out in such competition, according to Indonesian Finance Minister Sri Mulyani Indrawati.Spea

    September 21, 2017 10:00 am JST
  • Singaporeans vent over a voterless election

    SINGAPORE On the humid afternoon of Saturday, Sept. 16, several hundred Singaporeans in black T-shirts descended on a public park to demonstrate their unhappiness about the nation's first reserved presidential election.The silent protest was organiz

    September 21, 2017 10:00 am JST
  • European business leaders back a Thai canal project

    BANGKOK An ambitious, $28 billion plan to build a ship canal linking the Indian and Pacific oceans has received a major boost of support as European business leaders in Thailand join Chinese government advisers and influential Thais to urge the mili

    September 21, 2017 10:00 am JST
  • Asia's regulators crack down on digital currencies

    HONG KONG Authorities in Asia are alarmed at the rapid volume of investment in digital tokens offered through initial coin offerings, and are scrambling to create regulatory frameworks for the sector.The People's Bank of China has declared all ICOs

    September 21, 2017 10:00 am JST
  • Richard Heydarian: ASEAN can act as a bridge for the two Koreas

    The Association of Southeast Asian Nations could play an effective role in easing tensions over North Korea's nuclear and missile program because of its ties with both Koreas.North Korea appears well on its way to becoming a nuclear power. As the wo

    September 21, 2017 10:00 am JST
  • Nikkei Asia300 Index little changed ahead of Fed decision

    MUMBAI (NewsRise) -- Asian stocks outside of Japan were little changed on Wednesday as investors remained cautious before the U.S. Federal Reserve's monetary policy decision due later in the day.The Nikkei Asia300 Index ended flat at 1,323.20.The U.

    September 20, 2017 08:32 pm JST
  • Malaysia stocks fall to two-week low as Mitsubishi exits CIMB, Singapore stocks decline

    KUALA LUMPUR (Nikkei Markets) -- Malaysian shares fell to a two-week low on Wednesday, weighed by losses on CIMB Group Holdings after Mitsubishi UFJ Financial Group sold its entire stake in the nation's second-largest bank.Singapore shares declined

    September 20, 2017 07:52 pm JST
  • Asia-Pacific's ultra-rich to invest more in private equity

    SINGAPORE (Nikkei Markets) -- Asia Pacific's family offices, which serve ultra-high-net-worth investors, plan to allocate more money to private equity as they look for growth opportunities in healthcare and education as well as in industries that ar

    September 20, 2017 06:19 pm JST