asia – Newswire Report

China Is Studying Yuan Devaluation as a Tool in Trade Spat

April 10, 2018April 10, 2018 NewsEditorasia, Beijing, Capital Markets, China, China Renminbi Spot, currency, Exports, markets, US Dollar Spot, Viraj Patel, War

Chinese leaders are weighing options as trade tensions rise Trump bashed China’s currency policy on the campaign trail Other markets have been far more turbulent as both the U.S. and China proposed tariffs on $50 billion of goods and Trump instructed his administration to consider levies on an additional $100 billion of Chinese products. currency manipulator, make it more difficult for Chinese companies to service their mountain of offshore debt, and undermine recent efforts by the government to move toward a more market-oriented exchange rate system. It would also expose…

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Imperial CEO Resigns From Eskom Board After Court Ruling

April 9, 2018April 9, 2018 NewsEditorafrica, asia, business, Consumer Discretionary, Gender, IMPERIAL HOLDINGS LTD, Mark James Lamberti, markets, Social Media, South Africa

Read more: Imperial CEO Apologizes for Remarks to Employee After Ruling Read more: https://www.bloomberg.com/news/articles/2018-04-07/imperial-ceo-resigns-from-eskom-board-after-court-ruling

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Chinese Space Station Re-Enters Earths Atmosphere, Burns Up

April 2, 2018April 2, 2018 NewsEditorasia, Beijing, business, China, Engineering, science

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Uber Agrees on Southeast Asian Sale to Grab

March 27, 2018March 27, 2018 NewsEditorasia, business, China, Dara Khosrowshahi, LYFT INC, Singapore, SOFTBANK GROUP CORP, Southeast Asia, Technology, Travis Cordell Kalanick, UBER TECHNOLOGIES INC, YANDEX NV-A

Uber Technologies Inc. has reached an agreement to sell its Southeast Asian ride-hailing business to rival Grab and could announce the deal as early as Monday morning in Singapore, people familiar with the matter said. The agreement — which includes all of Uber’s operations in Southeast Asia as well as Uber Eats in the region — gives the U.S. company a stake of between 25 percent and 30 percent in the new combined business, the people said, asking not to be identified ahead of an official announcement. The deal, which…

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Uber Pulls Out of Southeast Asia, Selling Operation to Rival Grab

March 27, 2018March 27, 2018 NewsEditorAnthony Tan, asia, China, Dara Khosrowshahi, Food, India, Masayoshi Son, Southeast Asia, Technology, UBER TECHNOLOGIES INC, War

Uber Technologies Inc. has agreed to sell its Southeast Asian operations to Grab, withdrawing from yet another fast-growing region to end a war of attrition with a fierce local rival. Under the agreement, Grab will acquire all of Uber’s operations in a region of 620 million people, including food delivery service UberEats. The U.S. ride-hailing behemoth in return gets a 27.5 percent stake in a combined entity and its chief executive officer will join the board of the Singapore-based company. Bloomberg News reported over the weekend that the two companies…

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Scaramucci Says He Fears John Kelly Will Thwart SkyBridge Sale

March 3, 2018March 3, 2018 NewsEditorAcquisitions, asia, business, China, Donald John Trump, Federal Bureau of Investigation, Food, markets, national security, politics, White House

Former Read more: Hicks’s exit widens Trump staff tumult Scaramucci’s fury with Trump’s chief of staff has been well-known since his dismissal on Kelly’s first day managing the White House. Scaramucci lost the job less than two weeks after he had been hired, largely over a tirade against then-chief strategist Steve Bannon. Now Scaramucci is at it again, but this time the target is Kelly — making him one of Kelly’s most high-profile critics at a time when some other Trump loyalists are questioning whether the president is being ill-served…

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Global Equity Slump Deepens as Rate Fears Grow: Markets Wrap

February 5, 2018February 5, 2018 NewsEditorasia, Bonds, Federal Reserve, Japanese Yen Spot, Jobs, markets, Monetary Policy, S&P 500 INDEX, Stock Futures, Stocks, Tokyo

Asian equities fell and U.S. stock futures headed lower, extending the biggest selloff for global stocks in two years as investors adjusted to a surge in global bond yields. Shares sank across the region, putting the MSCI Asia Pacific Index on course for its biggest drop in almost 14 months. Benchmarks in Tokyo tumbled more than 2 percent, while S&P 500 Index futures were 0.4 percent lower. The 10-year Treasury yield neared 2.87 percent after solid jobs data on Friday showed rising wages. The yen advanced. “It’s likely the pullback…

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Trump’s Solar Tariffs Mark Biggest Blow to Renewables Yet

January 24, 2018January 24, 2018 NewsEditorasia, BLOOMBERG NEW ENERGY FINANCE, business, China, climate-changed, Donald John Trump, Economics, Energy Industry, New York, politics, Renewable Energy, SUNRUN INC, tax reform

President Donald Trump just dealt his biggest blow to the renewable energy industry yet. On Monday, Trump approved duties of as much as 30 percent on solar equipment made abroad, a move that threatens to handicap a $28 billion industry that relies on parts made abroad for 80 percent of its supply. Just the mere threat of tariffs has shaken solar developers in recent months, with some stalling projects in anticipation of higher costs. The Solar Energy Industries Association has projected 23,000 job losses this year in a sector that employed…

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North, South Korea to march together under one flag at Winter Olympics

January 18, 2018January 18, 2018 NewsEditorasia, North and South Korea to march together at Olympics - CNN

Seoul (CNN)North and South Korean athletes will march together at the Winter Olympics opening ceremony under a unified flag, the South said Wednesday, in a diplomatic breakthrough following days of talks between the two countries. North Korea will also send around 230 supporters to cheer on its athletes. A smaller delegation of North Korean athletes and supporters will attend the Paralympics, the ministry said. The Korean Unification Flag features a blue silhouette of the peninsula and outlying islands. The two countries have marched under the flag before, in rare shows…

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Aussie Stocks Hit 10-Year High as Earnings Season Looms: Chart

January 9, 2018January 9, 2018 NewsEditorasia, Australia, business, earnings, Stocks

Australia’s benchmark index has reached its highest level in a decade as

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Asia Stocks Rise as Earnings Awaited, Won Weakens: Markets Wrap

January 9, 2018January 9, 2018 NewsEditorasia, earnings, Economic Growth, Euro Spot, Federal Reserve, markets, Monetary Policy, S&P 500 INDEX, South Korea, Stocks, Sydney

Asian equities edged higher ahead of the start of the region’s earnings season this week, with investors betting that the outlook for economic growth and profits is strong enough to support record-high stock prices. The Korean won fell. Shares from Sydney to Seoul climbed with markets in Tokyo closed Monday for a holiday. Samsung Electronics Co. and a slew of Japanese retailers and manufacturers are among companies giving profit updates this week. South Korea’s currency reversed gains as authorities said they would take action to stem one-sided moves in the won. Oil…

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North Korea accepts offer from South to meet for peace talks

January 5, 2018January 5, 2018 NewsEditorasia, North Korea accepts offer from South to meet for peace talks - CNN

Seoul, South Korea (CNN)North Korea has accepted South Korea’s proposal for official talks, in what will be the first high-level contact to take place between the two countries in more than two years. The person-to-person talks will be held January 9th — one day after North Korean leader Kim Jong Un’s birthday — at the Peace House, located on the South Korean side of the so-called truce village of Panmunjom, located in the Demilitarized Zone (DMZ) between the two nations, Baik said. The hotline linking North and South Korea White…

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Singapore’s Economy Grows Faster Than Estimated

January 3, 2018January 3, 2018 NewsEditorasia, business, Environment, GDP, Global Trade, Labor, Monetary Policy, Property Market, Singapore, Southeast Asia, Taxes

Singapore’s economy finished 2017 on a solid footing, allowing more room for policy makers as they consider raising taxes and tightening monetary policy this year. Growth was higher taxes when the government releases its budget on Feb. 19, with one option being an increase in the goods and services tax. The Monetary Authority of Singapore may also shift to a tightening stance after government and the central bank forecast GDP growth of 1.5 to 3.5 percent this year. A stabilizing labor market and recharged property market is setting up a…

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We Travelled 26.000Km In 4 Months From Romania To Mongolia With Our 6-Year-Old Sitting In A Sidecar

January 2, 2018January 2, 2018 NewsEditor#travel, 6-year-old, asia, family, full-page, Mihai Barbu, Mongolia, motorcycle, motorcycle roadtrip, roadtrip, sidecar, sidecar motorcycle, traveling with kid, ural

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China to Overtake U.S. Economy by 2032 as Asian Might Builds

December 27, 2017December 27, 2017 NewsEditorasia, business, China, France, Germany, India, Japan, London, markets, South Korea, U.S. Economy, US Dollar Spot

The growing leapfrogging the U.K. and France next year to become the world’s fifth-biggest economy in dollar terms. It will advance to third place by 2027, moving ahead of Germany. In 2032, three of the four largest economies will be Asian — China, India and Japan — and, by that time, China will also have overtaken the U.S. to hold the No. 1 spot. India’s advance won’t stop there, according to the CEBR, which sees it taking the top place in the second half of the century. Also by 2032,…