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The Latest Breaking News from Asia

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

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Saudi says no objection to Russia joining Asian football body

Manama (AFP) - Saudi Arabia would not object to Russia joining the Asian Football Confederation, its sports minister told AFP on Wednesday, as Russian officials search for ways to return to international competition.

AFP

Billionaire Gautam Adani's Empire Makes a Shocking U-Turn

The day after a successful share sale, the conglomerate of Asia's former richest man has decided to return investors their money.

The Street

'Surprising' ancient Egyptian mummy ingredients discovered

Paris (AFP) - The discovery of dozens of beakers and bowls in a mummification workshop has helped reveal how ancient Egyptians embalmed their dead, with some "surprising" ingredients imported from as far as Southeast Asia, a study said Wednesday.

AFP

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

Billionaire Gautam Adani Is No Longer Asia's Richest Man

The Indian tycoon's net worth has already shrunk by $48 billion this year.

The Street

Billionaire Gautam Adani's Fortune Is Melting at High Speed

Indian tycoon Gautam Adani no longer is Asia's richest man.

The Street

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

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Reuters

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.

AFP

Asian markets rebound from losses after Wall St rally

Hong Kong (AFP) - Asian markets bounced back from two days of losses on Wednesday as traders tracked a Wall Street surge fuelled by data pointing to slowing US inflation and hopes the Federal Reserve's rate hike drive is coming to an end.

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.

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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.

AFP

Most Asian markets rebound from losses after Wall St rally

Hong Kong (AFP) - Most Asian markets bounced from two days of losses on Wednesday as traders tracked a Wall Street surge fuelled by data pointing to slowing US inflation and hopes the Federal Reserve's rate hike drive is coming to an end.

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.

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.

AFP

After turbulent year, UBS upbeat with eye on Asia

Zurich (AFP) - Swiss banking giant UBS voiced optimism for 2023 on Tuesday, hoping that higher interest rates and a swelling business in Asia would boost its results following a turbulent 2022.

The Street

Struggling Billionaire Gautam Adani Scores Crucial Victory

The empire of Asia's richest man's is facing fraud allegations from a short-seller. These caused a market rout of the shares of the group's entities.

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

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