Anyone not living under a proverbial rock has heard of — and likely uses — Amazon.com (AMZN) and PayPal (PYPL). While new issue Kaspi.kz (KSPI) doesn’t command such household-name status in the U.S., the Kazakhstan-based player in the payment processing and “buy now, pay later” space is growing rapidly across Central Asia. X In each […]
Tag: Asia
Detpak expands Eco-Products range to South East Asia and Middle East markets
Detpak, a South Australian packaging solutions company, is expanding its Eco-Products range into South East Asian and Middle Eastern markets. This move introduces the largest selection of compostable and no-added per- and polyfluoroalkyl substances (PFAS) products by the brand to these regions. The Eco-Products from the Detpak range were previously available only in Australia and […]
Germany’s Habeck sets off on East Asia trip
Germany’s Vice-Chancellor Robert Habeck sets off on a trip to East Asia on Wednesday. His first destination is South Korea, where the Economy Minister wants to meet representatives from politics and business. The Green politician will be accompanied by a business delegation and members of the Bundestag. The Ministry of Economic Affairs says South Korea […]
Thailand Is About to Become the First Country in Southeast Asia With Marriage Equality
LILLIAN SUWANRUMPHA/Getty Images Thailand’s Senate has voted to approve a marriage equality bill, which will make the country the first in Southeast Asia to legalize same-sex marriage. Today, the bill passed its final reading, with 130 of the Thai Senate’s 152 members voting in favor, four voting against, and 18 abstaining. It must now be […]
Thailand becomes first country in south-east Asia to allow same-sex marriage
Thailand’s senate voted overwhelmingly on Tuesday to approve a marriage equality bill, clearing the last legislative hurdle for the country to become the first in south-east Asia to enact such a law. The bill passed its final reading with the approval of 130 of the 152 members of the Senate in attendance, with four voting […]
Muslims in Asia celebrate Eid al-Adha with sacrifice festival and traditional feast
JAKARTA, Indonesia (AP) — Muslims in Asia on Monday celebrated Eid al-Adha, or the Feast of Sacrifice, with food and prayers for people in Gaza suffering from the Israel-Hamas war. One of the biggest Islamic holidays, the occasion commemorates Prophet Ibrahim’s test of faith through slaughtering livestock and animals and distributing the meat to the […]
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Chinese Stocks Drag Asia Lower on Growth Headwinds: Markets Wrap
(Bloomberg) — Chinese shares led losses in Asian equities on concern over a weak property sector and uncertain growth outlook. Most other regional benchmarks also fell as investors positioned for this week’s US inflation data and Federal Reserve meeting. Most Read from Bloomberg Benchmarks in mainland China and Hong Kong both headed for their lowest […]
Asia shares stumble; political uncertainty grips euro
By Rae Wee SINGAPORE (Reuters) – Asian stocks sank on Monday as traders heavily pared back on bets for Federal Reserve rate cuts this year given a still-tight U.S. labour market, while a snap election call in France sparked wider political concerns and weighed on the euro. Trading was thinned in Asia with Australia, China, […]
Are Europe and Asia converging?
Singapore — Saturday evening, a crowd gathered near the doors of the Shangri-La hotel. They were waiting for a speaker, the last one to be announced at the defense conference held there each year, and one not even from the region. Ukrainian President Volodomyr Zelenskyy entered to this welcome of cameras and cell phones, wearing […]
In Asia, people ask, how do I derisk from America?
By Paritosh Bansal (Reuters) – A European private wealth manager in Hong Kong told me last week he recently got the catalyst he needed to land a Taiwanese billionaire’s account: geopolitics. The billionaire was down to two major wealth managers — UBS and JPMorgan Chase — after Credit Suisse’s demise last year. He wanted a […]
In Asia, people ask, how do I derisk from America?
By Paritosh Bansal (Reuters) – A European private wealth manager in Hong Kong told me last week he recently got the catalyst he needed to land a Taiwanese billionaire’s account: geopolitics. The billionaire was down to two major wealth managers — UBS and JPMorgan Chase — after Credit Suisse’s demise last year. He wanted a […]