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The Latest Breaking News from Asia

The Trouble With “the Free World”

Why It’s a Bad Idea to Revive a Cold War Concept

Foreign Affairs

Aptiv Q1 Earnings Top Estimates

Aptiv PLC (NYSE:APTV) reported first-quarter FY22 sales growth of 4% year-on-year to $4.18 billion, beating the consensus of $4.04 billion. Revenue rose 4% adjusted for currency exchange and commodity movements. Revenue in North America rose 7%, South America increased 24%, Europe fell 5%, and Asia increased 9%, which includes growth of 14% in…

Benzinga

Japanese premier warns of Ukraine-style invasion by ‘autocratic powers’

Kishida also promised increased reliance upon nuclear power for future energy independence

The Guardian - UK

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Ingredion Clocks 17% Top-Line Growth Amid Inflationary Pressures

Ingredion Inc (NYSE:INGR) reported first-quarter FY22 sales growth of 17% year-on-year to $1.89 billion, beating the consensus of $1.77 billion. Sales in North America increased 24% Y/Y to $1.2 billion, South America fell 8% to $252 million, Asia-Pacific grew 16% to $272 million, and EMEA climbed 20% to $194 million. The gross profit…

Benzinga

Jazz Pharma, Sumitomo Pharma Ink Licensing Pact For Sleeping Disorder Candidate

Jazz Pharmaceuticals plc (NASDAQ:JAZZ) has acquired development and commercialization rights in the U.S., Europe, and other territories for Sumitomo Pharma's investigational DSP-0187. DSP-0187 is a potent, highly selective oral orexin-2 receptor agonist with potential application for treating narcolepsy, idiopathic hypersomnia, and other sleep disorders. Jazz has designated this molecule JZP441. Sumitomo Pharma initiated a Phase…

Benzinga

UK and Japan agree defence deal as Johnson warns of ‘autocratic powers’ threat

Downing Street said the accord will allow the two countries’ forces to deploy together for training, joint exercises and disaster relief.

The Independent UK

The little Swansea Asian restaurant that's miles better than Wagamama

I checked out this little place you might have walked past several times and missed, called Muswanna - it may not have the queues attracted by Wagamama but it definitely deserves them!

Wales Online

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Asian, European markets rise as US Fed eases fears of huge rate hike

Markets rallied Thursday after the US Federal Reserve played down chances of a huge interest rate hike in the near future, while oil extended gains as the European Union moved to ban imports from Russia.

Bangkok Post

Asian shares rise as US Federal Reserve strikes less hawkish tone

Rally comes after Fed Chair Jerome Powell says central bank not “actively considering” 0.75 percentage point increase.

Al Jazeera

Thai bonds may extend 10% losses as swaps price in rate hikes

Thai bonds, the biggest loser among Southeast Asian peers, are set to extend their slump as rising inflationary pressures and the risk of a hawkish pivot by the so-far accommodative Bank of Thailand (BoT) weigh on the debt.

Bangkok Post

Asia falls in love with Thai Boys Love

Buoyed by the openness of the LGBT community, Thailand's "Boys Love" (BL) movies and series have been well received in the local market and are considered promising export products that can draw lucrative revenue streams and foster business opportunities in other areas, including tourism.

Bangkok Post

Fund midwifery for a better world

Midwives save lives. In the last 100 years, we have seen significant advancements and achievements in the age-old profession of bringing life into the world. Yet, in the Asia and the Pacific region alone, there is a staggering shortage of 200,000 midwives.

Bangkok Post

Oatly Group Reports Mixed Q1 Earnings; Reiterates FY22 Outlook

Oatly Group AB (NASDAQ:OTLY) reported first-quarter FY22 sales growth of 18.6% year-on-year to $166.19 million, beating the consensus of $161.78 million. Revenue in the Americas jumped 40.3% Y/Y to $47 million, EMEA rose 10.9% to $90.5 million, and Asia grew 15.3% to $28.7 million. Gross margin contracted by 2,040 basis points to 9.5%,…

Benzinga

Pfizer opens global drug development centre on IIT-M Research Park campus

This is the company’s first such facility in Asia

The Hindu

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Benzinga

Tupperware Shares Plunge On Q1 Miss, Underperformance Across All Segments

Tupperware Brands Corp (NYSE:TUP) reported a first-quarter FY22 sales decline of 16% year-on-year to $348.1 million, missing the consensus of $356.8 million. Net sales were down in all segments, with the decrease primarily driven by lower recruiting and overall sales force activity, due to the Russia/Ukraine conflict and lockdowns caused by the Omicron…

The Guardian - UK

‘Extreme heat can be deadly:’ how cricket is handling the climate crisis

A heatwave in southern Asia is prompting questions about the game’s future, a discussion which cricketers can help with their influence

The Independent UK

Asian shares slip ahead of Fed interest rate decision

Shares are mostly lower in Asia, with markets in China, Japan and some other markets still closed for holidays

Benzinga

Why Waters Corp Shares Are Surging Today

Waters Corp (NYSE:WAT) reported first-quarter FY22 revenue growth of 16% year-on-year in CC to $690.6 million, above the consensus of $632.8 million. Sales into the pharmaceutical market increased 19% in CC, sales into the industrial market increased 17% in CC, and sales into the academic and government markets increased 4% in CC. Recurring…

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news in one place.

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Benzinga

Cosmetics Maker Estee Lauder Reports Mixed Q3 Results; Cuts FY22 Outlook

Estee Lauder Companies Inc (NYSE:EL) reported third-quarter FY22 sales growth of 9.99% year-on-year to $4.25 billion, missing the consensus of $4.31 billion. Organic net sales increased 9%. Sales in the Americas increased 15% Y/Y, Europe, Middle East & Africa rose 17%, and Asia/Pacific fell 4%. Net sales from Skin Care rose 6%, Makeup…

Benzinga

Lear Q1 Earnings Top Estimates; Cuts FY22 Outlook

Lear Corp (NYSE:LEA) reported a first-quarter FY22 sales decline of 3% year-on-year to $5.21 billion, beating the consensus of $5.04 billion. Global vehicle production decreased 4% Y/Y, with North America down 2%, Europe shedding 18%, and China climbing 8%. Net sales from North America rose 9.3% Y/Y, Europe and Africa fell 13.8%, Asia…

Al Jazeera

Hong Kong plunges to 148th in world press freedom rankings

Asia’s one-time bastion of free speech has been battered by national security legislation, says media watchdog.

The News Lens

Musk’s Twitter: Tweet Freedom for Asia?

Japan is the platform’s second biggest market with around 55 million accounts, followed by India.

The Independent UK

Netflix, Amazon Prime and Disney Plus: Every Asian movie and TV show coming to streaming services in May

Films include ‘Thar’, starring Bollywood actors Anil Kapoor and Harshvardhan Kapoor

The Times of India

Elon Musk's grand vision for Twitter faces reality check in Asia

SAN FRANCISCO: For all the furor about which way Elon Musk might tilt US political discourse after getting the keys to Twitter Inc, his biggest challenges may emerge across the Pacific.

Tribune News Service

Musk’s grand vision for Twitter faces reality check in Asia

For all the furor about which way Elon Musk might tilt U.S. political discourse after getting the keys to Twitter Inc., his biggest challenges may emerge across the Pacific.

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