Asia Business

Southeast Asian leaders are looking to insulate their trade-dependent economies from geopolitical uncertainty, in particular US tariffs, as they hold talks with Chinese Premier Li Qiang and Gulf state dignitaries in Kuala Lumpur on Tuesday.US President Donald Trump blew up global trade norms in April when he announced a slew of punishing levies targeting countries around …

SE Asian leaders meet China’s Li and Gulf states to bolster ties Read More »

Indonesia is hoping going nuclear can help it meet soaring energy demand while taming emissions, but faces serious challenges to its goal of a first small modular reactor by 2032.Its first experiment with nuclear energy dates to February 1965, when then-president Sukarno inaugurated a test reactor.Sixty years later, Southeast Asia’s largest economy has three research …

Nuclear option: Indonesia seeks to grow energy, cut emissions Read More »

Equities meandered Tuesday as investors awaited the latest developments on Donald Trump’s trade war, while the yen rallied after the head of Japan’s central bank flagged more interest rate hikes if the economy improved.With Wall Street closed for a holiday, there were few major catalysts to drive business, though investors remain on their toes after …

Stocks fluctuate as traders await next moves in Trump trade war Read More »

European stock markets rallied Monday after US President Donald Trump delayed 50-percent tariffs on the European Union until July 9 to give more time for negotiations.Trump sent the markets into a tailspin again on Friday when he threatened to hit EU goods with the huge tariff from June 1 as talks were “going nowhere”.Along with …

European markets rally as Trump delays 50% EU tariffs Read More »

Southeast Asian leaders met Monday in Kuala Lumpur for their first summit since US President Donald Trump’s tariffs upended global economic norms, with the trade-dependent nations expected to issue a joint message of deep concern.The Association of Southeast Asian Nations’ (ASEAN’s) strategy of nurturing diverse economic alliances was on full display as Chinese Premier Li …

Southeast Asian leaders meet to talk tariffs, truce and East Timor Read More »

Asian stocks were mixed Monday after Donald Trump thrust his trade war back into the spotlight by threatening the European Union with huge tariffs before extending a deadline for their implementation.Just as markets were showing signs of settling following their bond-fuelled selloff last week, the US president hurled his latest grenade across the pond by …

Asian markets mixed as Trump dials down after EU tariff threat Read More »

In India’s sprawling financial hub of Mumbai armies of “dabbawalas” have for decades crisscrossed the city by foot and bicycle, delivering home-cooked food to office workers who are keen to avoid the searing heat and traffic-snarled streets.Now, across the country, young entrepreneurs are taking that tradition to the next level with the explosion of shopping apps …

In India’s congested cities, delivery apps cash in Read More »