The Latest Breaking News from Asia

Asian shares are gaining as investors cheered a strong set of earnings from retailers that sent U.S. shares higher

May 20-26, 2022

NEW DELHI: Adani Wilmar is an outlier among Asia’s newly listed stocks. The food company has almost tripled since its debut while most newcomers are trading under water.

Guess? Inc (NYSE:GES) reported first-quarter FY23 sales growth of 14% year-on-year, to $593.5 million, beating the consensus of $584.39 million. Revenues from Americas Retail increased 7%, Americas Wholesale gained 50%, Europe climbed 14%, and Asia rose 1%. Licensing revenues increased 23%. The gross profit increased 16.8% Y/Y to $247.1 million with a margin…

The world’s food problem is already severe as prices jump and protectionism flares, but a food security expert says there is a good chance governments can stop it from getting way worse if they heed a lesson from the crisis in 2008: do not panic.

The forecast for Asia-Pacific tourism has been upgraded thanks to further easing of travel restrictions after an improvement in the viral situation and vaccine coverage across destinations, according to the Pacific Asia Travel Association (Pata).

Remarks are latest signal by an Asia-Pacific leader that US President Biden’s engagement with region is falling short.

'Finlandisation" describes the commitment to strategic neutrality that a small country might make, in order to avoid provoking a much larger and more powerful neighbour. The term is derived from Finland's longstanding policy of strict military non-alignment with either the Soviet Union or the West -- a policy that it…

Russian and Chinese jets flew near Tokyo as leaders from the U.S., India, Japan, and Australia met for the Quad bloc summit in Asia.