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The Latest Breaking News from Asia Pacific

Bentley just made more profit in six months than it did in the whole of 2021

Sales increased in the UK, Americas, Europe and Asia Pacific but fell in China and the Middle East

Birmingham Post

Middle East Sovereign Funds Reposition Strategies as Inflation Bites

Surging inflation and the Russian invasion of Ukraine have prompted sovereign investors to reposition their asset allocation, according to the latest Invesco Global Sovereign Asset Management Study. Investors now favor private markets over fixed income and equities, and among geographies, prefer the US and the Asia Pacific over Europe. More…

Asharq Al-Awsat

Why Trip.com Shares Are Surging Today

Trip.com Group Ltd (NASDAQ:TCOM) said its first-quarter FY22 sales remained flat year-on-year at RMB4.1 billion ($649 million). Net revenue decreased by 12% Q/Q. The sequential decrease was caused by the impact of the latest wave of COVID-19 resurgence in China. Accommodation reservation revenue fell 8% Y/Y, transportation ticketing increased 10%, packaged tours revenue…

Benzinga

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Oil Rises in Volatile Trading amid Supply Uncertainty

Oil prices edged higher amid a volatile trading session on Friday, as supply uncertainty outweighed fears of slower demand from cooling US economic activity. Brent crude futures climbed 31 cents, or 0.3%, at $110.36 a barrel by 0630 GMT, while US West Texas Intermediate (WTI) crude futures were up 59…

Asharq Al-Awsat

BlackRock To Expand Its Singapore Footprint: Bloomberg

BlackRock, Inc. (NYSE:BLK) is planning a significant expansion in Singapore, following in the footsteps of other international firms hoping to capitalize on capital flows into Southeast Asia, reported Bloomberg. According to people familiar with the matter, BLK is in talks to double its floor space at an office building in the city-state's…

Benzinga

Japan vows bigger security role in region to tackle threats

Japanese Prime Minister Fumio Kishida has announced plans to boost his country’s diplomatic and security role in the Asia Pacific to tackle what he described as growing threats in the region amid Russia’s invasion of Ukraine

The Independent UK

Shangri-La Dialogue: Delegates meet amid security challenges

Focus on keynote speeches by Japan, US and China, with special address from Ukrainian President Volodymyr Zelenskyy.

Al Jazeera

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Taiwan says to hold more trade talks with United States

Taiwan's chief trade negotiator, John Deng, will hold more talks with the United States on bilateral trade on Wednesday, the island's government said, after being excluded from a major new U.S. economic plan for the Asia Pacific region.

Reuters

New Zealand’s Ardern to discuss Asia-Pacific outreach with Biden

Ardern’s White House visit comes after New Zealand leader urged US to return to sweeping regional trade pact.

Al Jazeera

Featured jobs: Bubblegum, Love to Dream, WOTSO, Tree of Life inkl

Operating in Melbourne, Sydney, Brisbane, Perth and LA, Bubblegum is Australia’s longest running youth talent agency, and their grown up Agency, Hunter Talent is the fastest growing agency in Asia Pacific. Bubblegum is a boutique acting and modelling agency and as such, their small team is looking for some interns…

Pedestrian.tv

ASEAN leaders head to White House for key summit

US rolls out the red carpet for Southeast Asian leaders amid increasing rivalry in the Asia Pacific.

Al Jazeera

Built for adventure

Royal Enfield has launched the Scram 411, the company's first ADV crossover motorcycle. It combines the DNA of a high-altitude adventurer with the vibes of a real scrambler creating a unique new sub-category that excels at multi-tasking. The product has been unveiled for global audiences with immediate retail availability in…

Bangkok Post

Goodyear Q1 Earnings Beat Estimates Aided By Cooper Tire, Pricing Actions

Goodyear Tire & Rubber Co (NASDAQ:GT) reported first-quarter FY22 net sales growth of 39.8% year-on-year to $4.91 billion, beating the consensus of $4.65 billion. Cooper Tire merger, improvements in price/mix, higher volume, and increased sales from other tire-related businesses drove the growth. Sales in the Americas rose 63% Y/Y, Europe, Middle East &…

Benzinga

Why Kellogg Shares Are Trading Higher Today

Kellogg Company (NYSE:K) reported first-quarter FY22 sales growth of 2.4% year-on-year to $3.67 billion, beating the consensus of $3.59 billion. Adjusted EPS of $1.10 beat the analyst consensus of $0.93. Kellogg North America's sales decreased 1%, Europe climbed 2%, Latin America's sales gained 8%, Asia Pacific, Middle East, and Africa's sales jumped 12%.…

Benzinga

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Al Jazeera

Fearing inflation, Asia finally says bye to low interest rates

The region is moving to address inflationary warning signs after avoiding skyrocketing prices seen in the US.

Benzinga

Google To Invest $9.5B Across US Offices, Data Centers

Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google looks to invest $9.5 billion across its U.S. offices and data centers in 2022. In 2021, Google looked to invest $7 billion in the initiative. Google will open a new office in Atlanta in 2022 and expand its data center in Storey County, Nevada. The investment aims to create at…

Asharq Al-Awsat

Nearly Half of Crypto Owners First Bought Digital Assets in 2021

Almost half of all cryptocurrency owners in the United States, Latin America and Asia Pacific purchased the digital assets for the first time in 2021, according to a new survey from US cryptocurrency exchange Gemini. The survey of nearly 30,000 people across 20 countries, which was conducted between November 2021…

Benzinga

Axon Reveals First Body-Worn Camera Deployment In The Maldives

Axon Enterprise Inc (NASDAQ:AXON) stated that the Maldives Police Service (MPS) equipped 200 officers with Axon Body 3 body-worn cameras and Axon's digital evidence management solution, Axon Evidence. Axon Body 3 is the next-generation body-worn camera designed to improve officer and community safety. "We are excited to partner with the Maldives Police Service…

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Benzinga

Hurco Companies Clocks 24% Sales Growth In Q1

Hurco Companies, Inc (NASDAQ:HURC) reported first-quarter FY22 sales and service fees growth of 24% year-over-year to $66.89 million. EPS improved to $0.53 from $0.10 in 1Q21. Orders for the quarter increased 24% Y/Y to $70.86 million. Sales by geographic region: Americas $24.01 million (+3% Y/Y), Europe $34.12 million (+41% Y/Y), and Asia…

Bangkok Post

Nowhere to hide but China bonds?

Hayden Briscoe Head of Fixed Income, Global Emerging Markets and Asia Pacific at UBS Asset Management (UBS-AM) remains optimistic on China bonds even though regulations-induced market volatility has impacted investments in China. China onshore bonds1 were one of the few fixed income sub-asset classes which rallied in 2021, and equally…

Benzinga

Stellantis Registers 14% Pro Forma Revenue Growth In FY21

Stellantis NV (NYSE:STLA) reported FY21 Pro Forma sales growth of 14% year-on-year, to €152 billion, versus €133.9 billion the previous year. On a Pro Forma basis, North America revenue rose 15% Y/Y to €69.7 billion, South America increased 71% to €10.7 billion, Europe 5% to €59 billion, Middle East & Africa rose 9%…

Benzinga

Tupperware Brands Registers 12% Sales Decline In Q4

Tupperware Brands Corp (NYSE:TUP) reported a fourth-quarter FY21 sales decline of 12% year-on-year, to $394.9 million, beating the consensus of $384.97 million. Sales in North America fell 12% Y/Y to $108.3 million, South America decreased 16% to $62.4 million, Europe declined 11% to $106.5 million, and Asia Pacific sales dropped 11% to $117.7…

Bangkok Post

Asia Pacific set to become world’s largest data centre region over next decade

Asia Pacific’s data centre market continues to grow at a relentless pace and is set to become the world’s largest data centre region over the next decade. According to Cushman & Wakefield’s latest 2022 Data Centre Global Market Comparison report, Singapore, Hong Kong and Sydney are ranked among the top…

Benzinga

Kellogg Stock Gains On Q4 Earnings Beat

Kellogg Co (NYSE:K) reported a fourth-quarter FY21 sales decline of 1.3% year-on-year, to $3.42 billion, beating the analyst consensus of $3.39 billion. Q4 sales were negatively affected by lapping an extra week in the year-earlier period. Adjusted EPS of $0.83 beat the analyst consensus of $0.79. Kellogg North America's sales decreased 3%, Europe…

Al Jazeera

Asia Pacific trade booms despite COVID curbs: ADB

Asian Development Bank President Masatsugu Asakawa says harsh pandemic restrictions are now ‘more difficult to justify’.

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