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...
Hiroko Tabuchi (The New York Times)
Just beyond the windows of Satsuki Kanno’s apartment overlooking Tokyo Bay, a behemoth from a bygone era will soon rise: A coal-burning power plant, part of a buildup of coal power that is unheard-of for an advanced economy.
It is one unintended consequence of the...
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...
Airlines and passengers are on guard against a new flu-like virus that originated in Wuhan, China.
Here’s an explainer on the airline industry’s response to the outbreak so far and its potential financial exposure compared to SARS in 2003, which killed nearly 800 people:
What Is the Expected Financial Impact on...
KUALA LUMPUR
Malaysia’s top sugar refiner said it will increase purchases of the commodity from India, which according to two sources is part of efforts to placate New Delhi amid an ongoing spat over palm oil imports.
MSM Malaysia Holdings Berhad will buy 130,000 tons of raw sugar from India worth...
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...
Naypyidaw
China and Myanmar inked dozens of deals on January 18 to speed up infrastructure projects in the Southeast Asian nation, as Beijing seeks to cement its hold over a neighbor increasingly isolated by the West.
But no major new projects were agreed during the two-day visit by President Xi Jinping,...
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...
(Reuters)
SINGAPORE – Singapore said January 27 that the coronavirus outbreak will hurt its economy this year, as it announced new measures to tackle the disease which originated in China and has spread to the city-state and several other countries.
The Southeast Asian travel and tourism hub, which recorded its lowest...