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The Latest Breaking News from Asia

Asian markets track Wall St rally ahead of jobs data, oil holds gains

Hong Kong (AFP) - Asian equities rose Friday following a strong performance on Wall Street ahead of a key US jobs data release, while crude held most of the previous day's gains after an output hike disappointed traders.

AFP

AP Week in Pictures: Asia

May 27-June 2, 2022

The Independent UK

There's international golf taking place in the region this week - 5 reasons you should go and watch

The Asian Tour has brought its International Series event to Northumberland this week and admission is free every single day

Chronicle Live

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Rivian Backer Eyes India's Two and Three Wheeler EV Market

Abdul Latif Jameel, an early Rivian Automotive, Inc (NASDAQ:RIVN) backer, committed to investing up to $220 million (₹17 billion) in India's battery-powered two and three-wheeler vehicles through EV maker Greaves Electric Mobility. The Saudi family-owned group will initially pay $150 million (₹11.6 billion) for a 35.8% stake in India's Greaves Cotton Ltd subsidiary to foray…

Benzinga

Asian markets drop on recession fears, output report hits oil

Hong Kong (AFP) - Equities fell in Asia on Thursday as traders grow increasingly worried that central bank moves to rein in inflation could tip economies into recession.

AFP

Asia shares slide across board amid rate hike, COVID worries

Asian shares are mostly lower, echoing a decline on Wall Street as investors fret about higher interest rates and rising coronavirus cases in parts of the region

The Independent UK

Cotton rally squeezes Asian garment makers, threatens Covid recovery

MUMBAI/DHAKA: A near doubling in benchmark cotton futures to 11-year highs, hard on the heels of a spike in freight and fuel prices, is clobbering Asian apparel makers while their global retail customers are reluctant to soak up the extra costs.

Bangkok Post

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Asian markets drop on recession fears, output report drags oil down

Hong Kong (AFP) - Equities fell in Asia on Thursday as traders grow increasingly worried that central bank moves to rein in inflation could tip economies into recession.

AFP

Farmmi Wins New Export Order

Farmmi Inc (NASDAQ:FAMI) has bagged a sales order for export to Japan. The order is for dried Shiitake mushrooms. The financial terms were not disclosed. "Asia has historically been the world's largest fungi market for both production and consumption," said Chairwoman and CEO Yefang Zhang. Farmmi is an agricultural products supplier, processor, and…

Benzinga

U.S., Taiwan to launch trade talks after island excluded from Indo-Pacific group

The United States will launch new trade talks with Taiwan, U.S. officials said on Wednesday, just days after the Biden administration excluded the Chinese-claimed island from its Asia-focused economic plan designed to counter China's growing influence.

Reuters

Mekong River in jeopardy: Sand-pumping operations ravage ecosystem

The Mekong is one of the largest rivers in the world, beginning in China and flowing through Thailand, Vietnam and Cambodia. Nearly 70 million people in Asia are dependent on its waters for fishing or to irrigate their rice fields. But this watery giant is threatened due to the dredging…

France 24

The Quad: US efforts to counter China's influence in Asia mark a new era of micro alliances

US president Joe Biden recently visited Asia in an effort to strengthen relationships in the region, most notably meeting with leaders of the “Quad” alliance of America, Japan, India and Australia. This group of like-minded states represents a 21st-century diplomatic mechanism which is growing in importance in lieu of an…

The Conversation

Markets waver on inflation worry; oil rebounds from losses

London (AFP) - Global stock markets wavered on Wednesday, as traders digested data showing that runaway inflation shows no sign of easing.

AFP

Asian shares mixed after stocks retreat on Wall Street

Shares are mixed in Asia after a wobbly day on Wall Street closed out a month buffeted by worries about a possible recession, inflation and rising interest rates

The Independent UK

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Reuters

Global factory growth stunted by war, China's COVID curbs

Global growth in factory activity slowed in May as China's strict coronavirus curbs and Russia's invasion of Ukraine disrupted supply chains and dampened demand, adding to woes for businesses already struggling with surging raw material prices.

Bangkok Post

Go City launches tourist pass in Bangkok

With a revival of tourism in Thailand and Asia-Pacific in sight, Go City, the world's largest multi-attraction pass provider, is expanding its footprint in the region, including Bangkok, to boost travel operators.

AFP

Asian markets mixed as inflation, rate worries temper rally

Hong Kong (AFP) - Asian markets were mixed Tuesday as investors battled to maintain a global rally, with inflation continuing to niggle owing to a pick-up in oil prices while a top Federal Reserve official pressed for a series of sharp interest rate hikes.

The Hindu

The middle path for India in the new world disorder

The arena of the looming U.S.-China great power contest is Asia. Instead of aligning with any bloc, India should aim to create new pillars of the global order through engagement and partnership with middle powers

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Crikey

Australia’s Pacific neighbours want to be respected, not patronised

Actions will have to speak louder than words if Australia truly wants to strengthen ties in South-East Asia.

The Japan News/Yomiuri

How Japan, U.S. will lead amid global disarray / Tokyo helps connect democracies amid threat to international order

Prime Minister Fumio Kishida has wrapped up a busy few days for Japanese diplomacy. Kishida met with U.S. President Joe Biden, who was on an official trip to Asia, and hosted a Quad summit with Biden and the leaders of Australia and India. These meetings came as the international order…

WEKU

1 billion pills: The number of seized drugs reaches ominous record in Asia

A U.N. official calls for new policies across East Asia to halt the soaring production of methamphetamines.

Reuters

Asia's synthetic drug trade booms, with record meth seizures

Trafficking of synthetic drugs in East and Southeast Asia continued to expand last year, with more than one billion methamphetamine tablets seized by authorities, the United Nations said on Monday.

Reuters

Analysis-How the Ukraine conflict is reshaping global oil markets

Russia's invasion of Ukraine has reconfigured the global oil market, with African suppliers stepping in to meet European demand and Moscow, stung by Western sanctions, increasingly tapping risky ship-to-ship transfers to get its crude to Asia.

The Independent UK

1B meth pills: East, SE Asia drug industry hits ominous peak

The number of methamphetamine tablets seized in East and Southeast Asia exceeded a billion last year, highlighting the scale of illegal drug production and trafficking in the region

The Guardian - UK

Negative views of Russia mainly limited to western liberal democracies, poll shows

Annual global survey of attitudes to democracy finds many countries maintain positive views of Russia

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