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The Latest Breaking News from Asia

Gautam Adani backers from New York to Tokyo dissect and limit exposure

NEW DELHI: Financial institutions from New York to London and Tokyo are dissecting their exposure to the empire of Gautam Adani, who was Asia’s richest man only a few days ago.

The Times of India

AP Week in Pictures: Asia

Jan. 27-Feb. 2, 2023

The Independent UK

China warns the US is 'using' Asian countries as Washington seals crucial military deal with the Philippines

China warns countries in Asia to be vigilant about the US "using" them, after American forces secured access to a further four military bases in the Philippines.

ABC News

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How the US is boosting military alliances to counter China

The U.S. is expanding it military presence in Asia, in a string of moves aimed at countering Beijing and reassuring Indo-Pacific allies that America will stand with them against threats from China and North Korea

The Independent UK

Asian equities jump on Fed hints

Asian stock markets broadly advanced on Thursday as currencies rose following Federal Reserve chairman Jerome Powell mention that the US central bank might soon shift its focus from taming inflation to curbing the economic slowdown.

Bangkok Post

How Asia's ex-richest man lost nearly $50 billion in just over a week

Indian businessman Gautam Adani was a few billion dollars shy of Elon Musk. But he tumbled down the billionaires' list after a U.S. firm accused the Adani Group of pulling off an epic con.

WEKU

Share debacle a rare setback for Indian tycoon Adani

India's Gautam Adani was Asia's richest man when the U.S. short-selling firm Hindenburg Research put out a report last week alleging his businesses have engaged in fraud and stock price manipulation

The Independent UK

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Thailand soars up democracy rankings as other Asian nations stagnate or fall down list

Thailand's ranking on a democracy index has improved more than any other country in the world over the past year, even as other nations in Asia have seen their scores fall.

ABC News

US, Philippines agree on larger American military presence

The United States and the Philippines have announced an agreement to expand American military presence in the Southeast Asian country, where U.S. forces and weaponry will be granted access to four more Philippine military camps under a 2014 defense pact

The Independent UK

China lifts SE Asia factories as Europe downturn softens

Asia’s manufacturers are improving at the start of the year as the region becomes more optimistic about the boost from China’s reopening, while activity in the euro area shows the downturn is softening as cost pressures ease.

Bangkok Post

Philippines grants US more access to military bases amid China tensions

The United States and the Philippines on Thursday announced plans to expand America's military presence in the Southeast Asian nation, with access to four more bases as they seek to deter China’s increasingly aggressive actions toward Taiwan and in the disputed South China Sea.

France 24

Russian arms dealer, son and front firms hit with sanctions

A Russian arms dealer, his son and a group of front companies across Asia, Europe and the Middle East and their leadership have been targeted for U.S. sanctions in an effort to quell Russia’s access to weapons to continue its invasion of Ukraine

The Independent UK

Commentary: How do we help Monterey Park shooting survivors now left with horrific trauma?

I was 10 minutes from the Monterey Park shooting on Lunar New Year’s Eve, eating dim sum with 12 of my closest family members and friends, most Chinese. Monterey Park is where we have usually celebrated since my family and I moved to the U.S. from Asia, and the San…

Los Angeles Times

Indian regulator looking into $86 billion Adani share wipeout

India's market regulator is examining a rout in the shares of billionaire Gautam Adani's companies, a source with direct knowledge told Reuters, as the losses triggered by a scathing U.S. short-seller report ballooned on Wednesday to $86 billion.

Reuters

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The Independent UK

NATO chief wants more 'friends' as Russia, China move closer

NATO Secretary-General Jens Stoltenberg says China’s growing assertiveness and collaboration with Russia poses a threat not only to Asia but also to Europe

Reuters

NATO chief stresses importance of Indo-Pacific partners amid security tensions

NATO Secretary-General Jens Stoltenberg on Wednesday stressed the importance of NATO's working closely with partners in the Indo-Pacific, saying Europe could not ignore what happens in East Asia because the global security is interconnected.

Bangkok Post

Southeast Asia factories fire up as China reopens

JAKARTA: Asia’s manufacturers are improving at the start of the year as the region becomes more optimistic about how China’s re-opening might help offset an otherwise gloomy outlook for the rest of the world.

Bangkok Post

AISL to launch luxury estate next to school

Asia International School Limited (AISL), the operator of Harrow International Schools, will launch a super-luxury housing project worth 6.5 billion baht next to its school in the Don Mueang area of Bangkok through a joint venture with property developer Koon Estate Co.

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Fortune

Who is Gautam Adani? Asia's richest man is losing billions, fast

A history of financial fraud accusations may be catching up to India's biggest industrialist.

The Times of India

Adani wipeout puts focus on Union Budget 2023 to reignite stock market rally

After a $68 billion rout in Adani Group shares that has helped make India’s stock market the worst performer in Asia this year, investors are looking to government spending to spark a rebound.

The Independent UK

Adani $2.5B share sale pushes through amid fraud claims

The closely watched $2.5 billion share sale launched by Asia’s richest man, Gautam Adani, has been fully subscribed, bucking expectations after a turbulent week in which the conglomerate’s shares plunged in a tussle with a U.S. short-seller

The Independent UK

Richest Asian, Adani, targeted in $68B stock market rout

Asia’s richest man, Gautam Adani, has seen his companies shed $68 billion in market value in the past week after short-selling firm Hindenburg Research accused him of “pulling the largest con in corporate history.”

Fortune

Gautam Adani clings to position as world's richest Asian after Hindenburg report

The Adani stock rout is so bad that it's even knocked India out of the world's top five largest equity markets.

The Times of India

Gautam Adani drops off list of world’s top 10 richest people

Gautam Adani has slipped out of the list of the world's top 10 richest people and could soon be supplanted as Asia's wealthiest person if shares in his conglomerate continue to slide.

The Independent UK

NATO chief wants firmer ties with Japan to defend democracy

NATO Secretary-General Jens Stoltenberg, in Japan as part of his Asia tour, said “our security is closely interconnected” and called for stronger ties with Japan as Russia’s war on Ukraine has made the world more dangerous and unpredictable and believers of democracy and freedom need stronger partnerships

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