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The Latest Breaking News from Asia

Asian markets extend rally on hopes US will avoid recession

Hong Kong (AFP) - Asian markets rose again Friday as fears about a possible recession in the US economy were soothed by data showing it grew more than expected in 2022, adding to the broadly upbeat tone across trading floors this year.

AFP

AP Week in Pictures: Asia

Jan. 20-26, 2023

The Independent UK

Shares in India's Adani plunge 15% after fraud claims

Mumbai (AFP) - Trading in the business empire of Asia's richest man Gautam Adani was halted Friday following a 15 percent plunge in its share price, days after a US investment firm claimed it had committed "brazen" corporate fraud.

AFP

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Shares in India's Adani fall again after fraud claims

Mumbai (AFP) - Shares in the business empire of Asia's richest man Gautam Adani sank again Friday after the conglomerate slammed a US investment firm that claimed it had committed "brazen" corporate fraud.

AFP

Olympics-OCA offers Russian, Belarusian athletes opportunity to compete at Asian Games

The Olympic Council of Asia (OCA) said on Thursday it has offered to let Russian and Belarusian athletes take part in the Asian Games, a first step towards them competing at the Paris 2024 summer Olympics.

Reuters

Olympics-Russian athletes could participate in Asian competitions - IOC

Russian and Belarusian athletes could participate in Asian events with the International Olympic Committee looking at options for their return to international competitions.

Reuters

Markets mostly rise before key US GDP data

London (AFP) - European stock markets chased Asia higher Thursday before key US data that could shed light on the Federal Reserve's outlook for interest rates.

AFP

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Hong Kong reopens to lead Asian rally

Hong Kong (AFP) - Most Asian markets rose Thursday as the majority returned from the Lunar New Year break on an optimistic note, with inflation slowing and central banks hinting at a lighter approach to tackling prices.

AFP

Philippines shakes off inflation for best growth since 1976

The Philippines weathered the fastest inflation and highest policy rate in 14 years to deliver one of Asia’s strongest expansions, shoring up the economy by the most in decades amid a bleak global outlook.

Bangkok Post

Hong Kong returns to lead most Asian markets higher

AFP

Japan Expo Thailand returns for 8th edition at CentralWorld

G-Yu Creative recently organised a press conference for the Japan Expo Thailand 2023. Now in its eighth edition, the event -- dubbed Asia's biggest Japan expo -- will take place from Feb 3-5 from 10am to 9.30pm at CentralWorld.

Bangkok Post

Asian companies must 'act now'

Some of Japan's biggest energy and resource companies are pushing full steam ahead to expand fossil fuel projects across Asia. But banks across Asia and corporate Japan -- including Mitsubishi, Mizuho Bank and J-Power -- are feeling the heat from major investors calling for greater action to tackle the climate…

Bangkok Post

Carter Center: Guinea worm disease one step closer to eradication

ATLANTA — When the Carter Center assumed leadership of the global Guinea Worm Eradication Program in 1986, about 3.5 million people in Africa and Asia were afflicted with the debilitating illness caused by the parasite.

Tribune News Service

For older Asian American immigrants, ballroom dancing was supposed to be a safe haven

LOS ANGELES — When a gunman fatally shot 11 people and wounded nine others in Monterey Park over the weekend, it was more than just the latest tragedy in America’s horrific mass-shooting epidemic.

Los Angeles Times

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Fortune

One of Wall Street’s most feared short-selling research firms just accused Asia’s richest man of a multibillion-dollar fraud

Shares of Adani Group companies plummeted after its founder was accused of “pulling the largest con in corporate history.”

The Guardian - AU

Unusual sightings of ‘devil bird’ across Melbourne raise migration mysteries for researchers

Increase in reports of the koel and its loud mating call south of its usual territory may be attributable to climate change, scientists say

The Guardian - UK

Guinea worm disease could be second ever human illness to be eradicated

As cases fall, the condition that once affected millions of people in Africa and Asia could also be the first to be wiped out without medicines

AFP

Adani stocks fall in India on fraud, stock manipulation claims

Mumbai (AFP) - Asia's richest man Gautam Adani saw his net worth drop six billion dollars on Wednesday after a US investment firm accused him of "brazen stock manipulation and accounting fraud".

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Bangkok Post

Asia’s richest man battles fraud allegations

Shares in Adani Group companies fell on Wednesday after a US fund said it was shorting the Indian conglomerate’s stocks and accused companies owned by Asia’s richest man of “brazen” market manipulation and accounting fraud.

The Guardian - AU

Japan and North Korea sound warning as deadly cold snap sweeps across Asia

Extreme weather kills at least one person in Japan and more than 100 in Afghanistan while parts of China hit record low temperatures

Bangkok Post

Baht down ahead of policy decision

Asian emerging markets trickled back to life on Wednesday after the Lunar New Year holiday, with the baht dipping ahead of a central bank policy rate decision, while Singapore shares hit a near nine-month high ahead of inflation data.

Evening Standard

Liberal progressive icons like Jacinda are facing a colder climate today

When Jacinda Ardern announced her resignation from the New Zealand premiership last week, she essentially admitted that her party has a better electoral chance without her. It’s not yet two years since she was on stage at an Asia summit telling Angela Merkel what a “very good person” she was.…

Asharq Al-Awsat

FAO: Rising Prices, Food Insecurity Add to Ranks of Hungry

Growing numbers of people in Asia lack enough to eat as food insecurity rises with higher prices and worsening poverty, according to a report released Tuesday by the Food and Agricultural Organization and other United Nations agencies. Nearly a half-billion people, more than eight in 10 of them in South…

The Independent UK

Asian shares rise, track Wall St gains as earnings ramp up

Stocks are higher in Asia after gains on Wall Street as investors bet the Federal Reserve will trim its rate hikes to tamp down inflation

AFP

Most Asian markets track Wall St rally

Hong Kong (AFP) - Tokyo led gains across most Asian markets again Tuesday, in another day thinned by the Lunar New Year break, with sentiment boosted once more by a surge on Wall Street.

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