Page 17 - Asia

HSBC aims to be top Asia wealth manager in 5 yrs, eyes China middle class

The London-based bank has outlined ambitious plans to expand in wealth management, particularly in China.

Best of BS Opinion: Opportunities galore in the east, Covid crisis & more

Here are the best of Business Standard's opinion pieces for Thursday

Opportunities galore in the east

A deeper integration with east Asian economies could be integral to India's economic recovery in the pandemic

Asia welcomes United States vaccine donations amid cold storage worries

Health officials and experts in Asia have welcomed US plans to share 500 million more doses of the Pfizer vaccine with the developing world

An international order with Chinese traits?

The fluidity of the geopolitical landscape has amplified anxieties in Asia and placed India in an unenviable situation

Corporate governance failings impede Asian companies ESG efforts : Report

Asian regulators should tell companies how to reform their boards to better address environmental, social and governance (ESG) challenges, according to recommendations published on Thursday

Global trade rebounds in Q1 of 2021 on Asian exports, pandemic demand

Global trade enjoyed a record rebound in the first quarter of 2021, according to UN estimates, growing 10 per cent year-on-year largely on the back of booming exports from East Asia

Restrictions reimposed as virus resurgence ravages much of Asia

Across much of Asia, taxi drivers are starved for customers, weddings are suddenly canceled, schools are closed, and restaurant service is restricted as the coronavirus comes surging back in countries

Asian-American business leaders fund anti-discrimination effort

Over the past year, hate crime against Asian-Americans has jumped 169 per cent, according to a study by the Center for the Study of Hate & Extremism

Unnecessary panic: Astra vaccine unmasks the great East-West divide

'Let's not become part of that war between the different firms, because it's already visible'

Shoppers snap up gold bangles to bars amid price slump in Asia

Gold in the international market dropped 0.9 per cent to $1,729.60 an ounce on Monday

Emerging Asia's recovery can withstand reflation trade: S&P Global Ratings

The reflation trade that is lifting US yields will not hit Asian emerging markets' financial conditions and growth outlook as much as during the taper tantrum of 2013, S & P Global Ratings said on Wednesday."The recovery across Asia's emerging economies should withstand rising US yields so long as this reflects an improving growth outlook and reflation rather than a monetary shock," said Shaun Roache, Asia Pacific Chief Economist at S & P.In 2013, US yields leaped after the Federal Reserve indicated it will begin unwinding its quantitative easing programme. The resulting panic over rising credit costs led to sharp outflow from emerging markets, including Asia's, and forced central banks to hike interest rates."Not all yield shocks are created equal," said Roache.The report highlighted three important factors that determine vulnerability to external shocks in Asia and which are relevant today.One: the nature of the shock. Yields can rise for more than one reason. Some are more .

Asian soccer gets 8 host hubs for World Cup qualifying games

The delayed World Cup qualifying matches in Asia will be completed in June with each of the eight groups playing in a separate host nation because of the COVID-19 pandemic

Asia thirst for liquefied natural gas is disrupting Europe's market

Even with its numerous pipeline-supply options, Euro­pe's import dependency is rising amid falling domestic production due to aging fields in the North Sea

'It's un-American and must stop': Biden addresses attacks on Asian American

US President Joe Biden has said that the "vicious" hate crimes against Asian Americans in the country amidst the pandemic was "un-American" and it must stop

Nearly 150% surge in anti-Asian hate crimes across major US cities: Report

New York City saw the highest jump, rising from 3 to 28, Boston and Los Angeles followed, with increases from 6 to 14, and 7 to 15 respectively

Mukesh Ambani is again richest Asian as China's Zhong loses $22 billion

With a net worth of about $80 billion, Ambani is again richer than Zhong Shanshan, whose bottled-water company tanked a record 20 per cent this week

Asia seen driving 75% of LNG demand growth by 2040: Shell LNG outlook

Significant demand-supply gap seen opening in middle of current decade; China and India led LNG demand growth in 2020

Saudi Aramco cuts February crude supply to some Asian refiners, sources say

Saudi Arabia has cut supplies of February-loading crude by 10% for at least two Asian buyers while meeting requirements of at least three others, several refinery and trade sources said

Asia shares mostly lower amid rising coronavirus cases, Washington turmoil

Twitter's stock tumbled 6.4% on Monday after the micro-blogging site permanently suspended Trump's account last Friday