BEIJING Ant Financial, an affiliate of Chinese e-commerce giant Alibaba, will start allowing third-party vendors to offer services such as food delivery and hotel bookings on its Alipay mobile payment platform in an expansion beyond its financial services focus. Alipay traditionally competes against Tencent Holding’s WeChat pay in China for mobile...
Written by Aftab Ahmed and Aditi Shah (Reuters) NEW DELHI – India’s government plans to sell its entire interest in Air India Ltd. in a renewed push to sell the airline after an attempt to auction a majority stake almost two years ago failed to draw any bids. A document released by...
H ONG KONG Asian markets looked to policymakers to help ease a cash shortage as cratering stock markets triggered a rush to dollars, driving many regional currencies lower and threatening a surge in short-term borrowing costs. Australia’s central bank injected an unusually large amount of cash into the financial system on...
Phuong Nguyen and Mas Alina Arifin (REUTERS) HANOI/BANDAR LAMPUNG, Indonesia Coffee trading in Vietnam picked up slightly ahead of the main harvest expected from mid-November, while the Indonesian market was dull as harvest season has passed, traders said on Thursday. Farmers in the Central Highlands, Vietnam's largest coffee-growing area, sold coffee at...
TOKYO Asian shares held their ground as trade slowed for the Lunar New Year, despite investors’ fears that a new coronavirus in China could spread faster as millions of people would be travelling over the week-long holiday. Markets had steadied as investors took some solace from the World Health Organization labeling...
Maikel Jefriando and Tabita Diela (Reuters) MANILA The Philippines is beefing up security protocols to protect its energy sector from foreign interference, its national security adviser said, following concerns raised by some of the country’s politicians about China’s access to the Philippine power grid. Chinas State Grid Corporation owns a 40 percent...
Joyce Lee and Hyunjoo Jin(Reuters) NEW DELHI South Korea’s Kia Motors is discussing with the Indian state of Tamil Nadu the possibility of moving a $1.1 billion plant out of neighboring Andhra Pradesh only months after it fully opened due to policy changes last year, sources close to the talks told...
BANGKOK, May 12 (Reuters) - Thailand's cabinet approved on Tuesday a plan to spend 400 billion baht ($12.45 billion) to create jobs and strengthen southeast Asia's second-largest economy, which appears headed for recession because of the coronavirus pandemic. The plan is part of a larger package of measures worth 1.9...
PENANG, Malaysia Tech firms at Malaysia’s one-time Silicon Valley of the East, swimming in orders from customers fleeing trade war-hit China, have seen fortunes turn again in the space of just a year as the coronavirus outbreak cuts them off from Chinese suppliers. Semiconductor test equipment manufacturer Pentamaster Corp. saw its...
By Eileen Soreng BENGALURU, April 23 (Reuters) - Rice export prices in India eased from a eight-month peak this week on the rupee's record fall, while the coronavirus lockdown has raised concerns about a shortage of labour to harvest the summer crop in neighbouring Bangladesh. Top exporter India's 5 percent broken...