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May 24, 2022

ASEAN

Asia stocks restrained as U.S. futures retreat

Reuters
Men wearing protective face masks walk under an electronic board showing Japan’s Nikkei share average inside a conference hall, amid the coronavirus disease (COVID-19) pandemic, in Tokyo, Japan January 25, 2022. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register Asian stock markets : Nikkei dips as U.S.......

Indonesia policy uncertainty hampers resumption of palm oil exports

Reuters
Trucks with palm oil fresh fruit bunches are parked in a queue at a palm oil factory in Siak regency, Riau province, Indonesia, April 26, 2022. Picture taken with a drone April 26, 2022. REUTERS/Willy Kurniawan Register now for FREE unlimited access to Reuters.com Register JAKARTA, May 23 (Reuters) –......

Philippine tech retailer Upson files for up to $103 mln IPO

Reuters
MANILA, May 23 (Reuters) – Upson International Corp (UIC), the largest retailer of personal computers and information technology products in the Philippines, said on Monday it has filed for an IPO of up to 5.4 billion pesos ($103.81 million). UIC plans to offer up to 986.8 million shares, including an......

At least seven dead after blaze on Philippine passenger ferry

Reuters
MANILA, May 23 (Reuters) – Seven people have died after a high-speed Philippine ferry carrying 134 people caught fire on Monday, with seven passengers still missing, the coast guard said. The ship caught fire just before reaching the port of Real in Quezon province, about 60 km (37.28 miles) east......

Asia stocks weighed by inflation concerns, China tech selling

Reuters
A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying Shanghai Composite index, Nikkei index and Dow Jones Industrial Average outside a brokerage in Tokyo, Japan, March 7, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register HONG KONG,......

EXCLUSIVE General Atlantic plans $2 billion investment in India, Southeast Asia

Reuters
The logo of the upcoming World Economic Forum 2022 (WEF) is pictured on a window at the congress center, in the Alpine resort of Davos, Switzerland May 21, 2022. REUTERS/Arnd Wiegmann/File Photo Register now for FREE unlimited access to Reuters.com Register DAVOS, Switzerland, May 22 (Reuters) – Global private equity......

Malaysia sees sustained competitiveness even as Indonesia resumes palm oil exports

Reuters
A worker pushes a wheelbarrow of fresh fruit bunches of oil palm tree during harvest at a palm oil plantation in Kuala Selangor, Selangor, Malaysia April 26, 2022. REUTERS/Hasnoor Hussain Register now for FREE unlimited access to Reuters.com Register KUALA LUMPUR, May 22 (Reuters) – Indonesia’s resumption of palm oil......

U.S., others walk out of APEC talks over Russia’s Ukraine invasion

Reuters
BANGKOK, May 21 (Reuters) – Representatives of the United States and several other nations walked out of an Asia-Pacific trade ministers meeting in Bangkok on Saturday to protest Russia’s invasion of Ukraine, officials said. The walkout was “an expression of disapproval at Russia’s illegal war of aggression in Ukraine and......

Vietnam sacks head of the country’s main stock exchange over “wrongdoing”

Reuters
An investor is seen reflected on stock market screens at a securities company in Hanoi, Vietnam, April 20, 2016. REUTERS/Kham Register now for FREE unlimited access to Reuters.com Register HANOI, May 21(Reuters) – Vietnam has fired general director of its main Ho Chi Minh Stock Exchange (HoSE), the government said......

Musk says ‘Tesla is on my mind 24/7’ amid concerns about Twitter distraction

Reuters
SAN FRANCISCO, May 19 (Reuters) – Tesla (TSLA.O) CEO Elon Musk said on Thursday that “Tesla is on my mind 24/7,” trying to soothe investor worries about him being distracted by a Twitter (TWTR.N) deal that has depressed stocks at the electric car company. Posting a picture showing a woman......

Euro rises with focus on ECB tightening path, Swiss Franc rises

Reuters
Euro rises, focus on rate hike bets Dollar takes a breather after recent gains Swiss Franc at multi-week highs after SNB hawkish turn Graphic: World FX rates May 19 (Reuters) – The euro rose on Thursday as investors priced in the chance of an aggressive near-term tightening path by the......

Asian shares tumble as global growth fears mount

Reuters
FILE PHOTO – An investor sits in front of a board showing stock information at a brokerage office in Beijing, China, December 7, 2018. REUTERS/Thomas Peter Register now for FREE unlimited access to Reuters.com Register BEIJING/HONG KONG, May 19 (Reuters) – Asian stocks tracked a steep Wall Street selloff on......

Stock market rebound fizzles, UK inflation hits 40-year high

Reuters
LONDON, May 18 (Reuters) – A rebound in stocks ran out of steam on Wednesday as concerns about the economic growth outlook and rising inflation knocked sentiment, while a UK inflation reading of 9% underlined just how much higher interest rates might be headed. Asian stocks managed to eek out......

Myanmar resistance urges West to provide arms for fight against junta

Reuters
Members of the People’s Defence Forces (PDF) who became guerrilla fighters after being protesters are seen on the front line in Kawkareik, Myanmar December 31, 2021. REUTERS/Stringer Register now for FREE unlimited access to Reuters.com Register May 17 (Reuters) – The defence chief of Myanmar’s shadow government has called for......

Asia markets rise on hopes of easing China tech crackdown

Reuters
Blank prices are displayed in the stock quotation boards at the Tokyo Stock Exchange (TSE) after the TSE temporarily suspended all trading due to system problems in Tokyo, Japan October 1, 2020. REUTERS/Issei Kato/Files Register now for FREE unlimited access to Reuters.com Register HONG KONG, May 17 (Reuters) – Asian......

FTX’s billionaire chief says bitcoin has no future as a payments network- FT

Reuters
Bitcoin cryptocurrency representation is pictured on a keyboard in front of binary code in this illustration taken September 24, 2021. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register May 16 (Reuters) – Cryptocurrency exchange FTX’s founder has said that bitcoin has no future as a payments network......

Asia stocks struggle after dire China data

Reuters
Asian stock markets: China retail sales dive 11.1%, output drops 2.9% Nikkei pares gains, S&P 500 futures turn lower Dollar holds near 20-year highs, yen gets safety bid SYDNEY, May 16 (Reuters) – Asian share markets were struggling to sustain even a minor rally on Monday after shockingly weak data......

U.S. hails ‘new era’ with ASEAN as summit commits to raise level of ties

Reuters
WASHINGTON, May 13 (Reuters) – U.S. President Joe Biden said on Friday a first summit in Washington with leaders from the Association of Southeast Asian Nations (ASEAN) marked the launch of a “new era” in the relationship between the United States and the 10-nation bloc. In a joint 28-point “vision......

Thailand’s economy likely grew modestly in Q1, stung by high inflation: Reuters poll

Reuters
Thailand’s GDP seen at 2.1% y/y in Q1 vs 1.9% in Q4 Q1 GDP seen at 0.9% q/q sa vs 1.8% in Q4 Q1 GDP data due on Tuesday, May 17 at 0130 GMT BENGALURU, May 13 (Reuters) – Thailand’s economy likely grew modestly in the first quarter, thanks to......

Global shares fall on fears of global economic slowdown

Reuters
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 12, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register World stocks drop to 1-1/2 yr low, down almost 20% YTD Europe down over 2%, U.S. equity futures struggle......

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