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The Latest Breaking News from Asia

Japan, Australia to expand defense ties for regional order

Japan and Australia’s defense ministers have vowed to step up their ties to support democratic values in the Indo-Pacific region and agreed to work more closely with Southeast Asia and the Pacific island nations where China is seeking to expand its influence

The Independent UK

Australia wants 'broad, deep' security ties with Japan, minister says

Australia wants "broad and deep" cooperation with Japan as the two U.S. allies face complex security circumstances in Asia as a result of Russia's invasion of Ukraine, rising inflation and COVID-19 disruption, its defence minister said on Wednesday.

Reuters

Looming debt crunch positions Laos as next possible Asia default

Laos, with dwindling cash reserves and surging inflation, is facing some of the same strains that pushed Sri Lanka to default and threatens Pakistan’s balance of payments.

Bangkok Post

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Asian markets enjoy post-rout calm as traders await Fed hike

Hong Kong (AFP) - Asian equities were mixed Wednesday with investors nervously awaiting a Federal Reserve interest rate decision that has taken on greater significance since a forecast-busting inflation report sent shockwaves through world markets.

AFP

Start-up ecosystem: Kerala ranks top in Asia in global report

State improves global ranking from 20th to fourth

The Hindu

Stocks mostly extend losses as recession fears linger

London (AFP) - Stock markets across Europe and Asia on Tuesday mostly extended recent sharp losses on lingering worries about possible recession for major economies.

AFP

Sequoia Capital Closes Largest India and Southeast Asia Dedicated Fund: Reuters

As Sequoia Capital looks beyond current investment weakness in new companies in Asia, it has raised $2.85 billion to fund Indian and Southeast Asian startups.

Benzinga

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Asian stocks pare early losses but inflation fears remain focus

Hong Kong (AFP) - Asian equities mostly fell Tuesday after the previous day's global rout but dip-buying helped pare early losses, while Europe saw gains, with attention turning to the Federal Reserve as it prepares to ramp up interest rates to fight runaway inflation.

AFP

Asian stocks pare early losses but inflation fears remain in focus

AFP

Asian Stocks Sink again as Inflation Panic Grips World Markets

Equity markets tumbled again Tuesday to extend a global rout fueled by fears of recession, with the Federal Reserve preparing to ramp up interest rates as inflation shows no sign of slowing. Panic has swept through trading floors since data on Friday showed US consumer prices rising at their fastest…

Asharq Al-Awsat

Asian benchmarks decline after bear market hits Wall Street

Asian shares fell across the board after Wall Street tumbled into what’s called a bear market, indicating that major U.S. benchmarks and individual stocks have fallen 20% or more from a recent high for a sustained period of time

The Independent UK

Asian stocks sink again as inflation panic grips world markets

Hong Kong (AFP) - Equity markets tumbled again Tuesday to extend a global rout fuelled by fears of recession, with the Federal Reserve preparing to ramp up interest rates as inflation shows no sign of slowing.

AFP

Asean: Where US, China can reconcile?

Southeast Asia is unenviably the region to which the major powers, be they the US, China, the European Union, India, Russia, Australia or Japan, are according to the highest priority at this juncture. All of these countries are on the same page as far as Asean is concerned. An Asean…

Bangkok Post

US makes Asia inroads by playing down need to oppose China

The US sought to bolster its support in Asia this weekend by reassuring nations they don’t need to join a coalition against China, drawing a stark contrast with Beijing’s threats to defend its interests with military force.

Bangkok Post

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AFP

O'Sullivan says China in pole position to 'monopolise' snooker

Singapore (AFP) - Snooker legend Ronnie O'Sullivan said Monday that China is primed to "monopolise" the sport and boasts three or four players who have recently emerged as potential world champions.

AFP

Markets dive on inflation woes as dollar spikes against yen, rupee

Hong Kong (AFP) - Markets tumbled in Asia and Europe on Monday to extend a global rout while the dollar soared after a forecast-beating US inflation print ramped up bets on a more aggressive campaign of Federal Reserve interest rate hikes.

AFP

Markets track Wall St plunge on inflation woes, dollar rallies

Hong Kong (AFP) - Markets tumbled in Asia on Monday to extend a global rout while the dollar soared after a forecast-beating US inflation print ramped up bets on a more aggressive campaign of Federal Reserve interest rate hikes.

AFP

Asian markets track Wall St plunge on inflation woes, dollar rallies

Hong Kong (AFP) - Markets tumbled in Asia on Monday as part of a global rout while the dollar soared after a forecast-beating US inflation print ramped up bets on a more aggressive campaign of Federal Reserve interest rate hikes.

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The Independent UK

India, China growing markets for shunned Russian oil

India and other Asian nations are becoming an increasingly vital source of oil revenues for Moscow as the U.S. and other Western countries cut their energy imports from Russia in line with sanctions over its war on Ukraine

AFP

Asian markets follow Wall St plunge on inflation woes

Hong Kong (AFP) - Markets tumbled in Asia on Monday and the dollar rallied as part of a global rout fuelled by a forecast-beating US inflation print that ramped up bets on a more aggressive campaign of Federal Reserve interest rate hikes.

The Independent UK

Asian shares sink after inflation-driven retreat on Wall St

Shares are lower in Asia after benchmarks on Wall Street tumbled on with a report that U.S. inflation worsened last month

Bangkok Post

New Asean-US era

The special summit held last month in Washington between US President Joe Biden and nine Southeast Asian leaders clearly emphasised his administration's attempts to engage the region it sees as central to countering China's rising influence in Asia and beyond.

Tribune News Service

US makes Asia inroads by playing down need to side against China

The U.S. sought to bolster its support in Asia this weekend by reassuring nations they don’t need to join a coalition against China, drawing a stark contrast with Beijing’s threats to defend its interests with military force.

AFP

Global media giants battle for IPL cricket rights

Mumbai (AFP) - Global media giants including Disney and Sony and Asia's richest man battled Sunday for the broadcast rights for the Indian Premier League cricket tournament, one of the world's most-watched sporting events.

Asharq Al-Awsat

South Korea Says it Will Boost Defense Capacity to Counter North Korean Threat

South Korean Defense Minister Lee Jong-sup said on Sunday that his country would enhance its defense capabilities and work closely with the United States and Japan to counter North Korea's nuclear and missile threat. Lee, speaking at an Asian security meeting in Singapore, said the situation on the Korean peninsula…

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