Hong Kong Financial regulators across Asia are creating new rules for online-only banks as they seek to shake up often staid markets, helped by technology firms which are able to operate at lower costs without needing physical branches. In Operation South Korea led the way with special rules for online-only banks in...
Following an expected 18 percent contraction of the economy in the year ended September 2021, the World Bank’s Myanmar Economic Monitor, released on January 26, projects a growth of 1 percent in the year to September 2022. While reflecting recent signs of stabilization in some areas, the projection remains consistent...
Stanley White(REUTERS) TOKYO Japanese stocks edged lower December 11 as an approaching deadline for U.S. tariffs on nearly $160 billion worth of Chinese consumer goods just weeks before Christmas kept investors risk-averse. The Nikkei index fell 0.26 percent to 23,350.20, with industrial and healthcare sectors leading the declines. The tariffs were set to...
NEW DELHI A false rumor that the coronavirus can be spread by chickens has slashed Indian poultry sales by almost 50 percent, top supplier Godrej Agrovet said last week. “A lot of misleading posts on social media, especially on WhatsApp, have created a false impression that humans can contract the coronavirus...
http://URL: https://www.nytimes.com/2019/12/19/business/goldman-sachs-1mdb.html Goldman Sachs is negotiating with federal prosecutors to pay a fine of as much as $2 billion, and have a subsidiary plead guilty, to settle claims about its role in a scheme to loot billions from a sovereign wealth fund in Malaysia, a person with knowledge of the...
BANGKOK Thailand’s largest retailer, Central Retail Corporation (CRC), plans to expand domestic online sales as well as its business in Vietnam, as the coronavirus outbreak slows economic growth at home, its top executive said February 27. Shares of CRC, which went to market on February 20 in the country’s largest initial...
  NEW DELHI Oyo, a startup that offers budget hotel rooms, has grown into one of India’s most valuable private companies and aims to be the world’s largest hotel chain by 2023. But at least part of Oyo’s rise in India was built on practices that raise questions about the health of...
MACAO When Macao, the Portuguese colony turned Chinese gambling hub, got a new chief executive in October, the vote by an electoral committee was unanimous. He ran unopposed. No one took to the streets in protest. When young activists applied for permission to demonstrate in support of the protest movement in...
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...

The “depth of the devastation” inflicted on Hong Kong’s economy by more than six months of anti-government protests will be seen in the coming weeks, the chief of the city’s stock exchange operator said January 9. The warning came as Hong Kong-based companies are expected to show the scars of...