Stocks trade mixed ahead of Caixin services PMI data
The Tokyo Stock Exchange in Japan. Noriko Hayashi | Bloomberg via Getty Images Shares in the Asia-Pacific traded mixed on Monday as investors await the results of a private survey…
Pakistan warns flood damage will exceed $10 billion
Pakistan’s foreign minister made an urgent call for international aid, with the death toll from historic flooding across the country expected to rise in the coming days. Already reeling from…
Lazada CEO on ecommerce trends, pandemic and supply chain disruptions
E-commerce companies around the world enjoyed a boost during the pandemic as people trapped in lockdown went shopping online, but James Dong, the CEO of Alibaba-owned Lazada group, said there…
Sri Lanka and IMF reach preliminary deal on $2.9 billion loan
Protestors here seen gathering outside the presidential secretariat in Colombo a week ago, have achieved their aim, with legislators soon to elect a new president to replace Gotabaya Rajapaksa, who…
India 5G race will be between Reliance and Bharti Airtel: Sanjay Kapoor
The push for India’s first 5G spectrum may be heating up, but rollout plans in the country are still “a big maze,” according to a former CEO of Indian telco…
Bank of Korea warns of more market volatility ahead as Fed signals more rate hikes
The Bank of Korea warned Tuesday of “increased volatility” as global markets brace for future hikes from the U.S. Federal Reserve. “There is a high chance of increased volatility whenever…
Australian retail sales jump 1.3% in July, a sign of resilience
Shoppers walking around Pitt Street Mall on June 07, 2022 in Sydney, Australia. Australian retail sales jumped past all expectations in July as shoppers spent big on clothing and food…
No appreciable business disruptions over China tensions
Most member companies of the American Chambers of Commerce in Taiwan said there has been no significant disruption to business despite escalating tensions between China and Taiwan in recent weeks,…
Chinese e-commerce giant slowest growth on record
Chinese technology companies including JD.com are facing headwinds from China’s Covid lockdowns and subsequent economic impact as well as the country’s tighter regulatory environment for technology businesses. Qilai Shen |…
Companies are pulling back on hiring amid recession fears: Mercer
It’s been an “employee’s market” — a third of Asia-Pacific’s companies have offered higher salaries to attract talent, according to Mercer. But the tables may be turning as fears of…