9:45 pm January 30, 2015 | No Comment
Jack Ma’s fortune dropped $1.4 billion on Thursday, the most among the world’s 400 richest people, as Alibaba Group shares posted a record slump after the company missed revenue estimates.
12:38 pm January 30, 2015 | No Comment
The pilots of AirAsia Flight 8501 cut power to a critical computer system that normally prevents planes from going out of control shortly before it plunged into the Java Sea, two people with knowledge of the investigation said.
11:56 am January 29, 2015 | No Comment
Asia’s wealthiest families are snapping up dollars as a haven from the volatility plaguing financial markets, providing another source of demand for the greenback.
11:37 am January 29, 2015 | No Comment
Singapore and Switzerland have plenty in common: tax havens, favored hideout of billionaires, prudent fiscal management, snow-capped peaks (actually, we’re not 100 percent sure about that last part.) If these two stable financial centers are preparing their currency regimes for a world of increased volatility, attention will inevitably turn to the next shoe that may be dangling.
11:30 am January 29, 2015 | No Comment
Philippine economic growth accelerated last quarter as government spending and manufacturing output rose, capping the best three years of expansion since the mid-1950s. Stocks rose to a record.
10:52 pm January 28, 2015 | No Comment
Freeport-McMoRan plans to reduce capital spending this year and is seeking funding for its oil and natural gas projects as the metals and energy producer responds to sharp drops in copper and oil prices.
10:40 pm January 28, 2015 | No Comment
Singapore unexpectedly eased monetary policy, sending the currency to the weakest since 2010 against the US dollar as the country joined global central banks in shoring up growth amid dwindling inflation.
9:27 pm January 28, 2015 | No Comment
Chocolate demand in Asia will probably rise as much as 20 percent this year, spurred by confectionery and drinks consumption among young people, an industry group said.
4:08 pm January 28, 2015 | No Comment
Apple revealed blockbuster quarterly financial results Tuesday that were so big, so surprising and so good that the Internet strained to put the results into context.
4:00 pm January 28, 2015 | No Comment
The 2000s were a period of remarkable political dysfunction. The contested election of 2000 left many voters with a sour taste in their mouths, more so than any election in the previous century. Political partisanship deepened to an almost pathological degree. Suddenly we were a 50-50 nation, and angry people were taking to the streets, in the form of the Tea Party and Occupy Wall Street. The political crisis came to a head in the debt-ceiling crisis of 2011, when Congress almost forced the US into a technical default.
3:08 pm January 28, 2015 | No Comment
Vladimir Putin is playing for keeps in Ukraine and he might bankrupt the country to get what he wants.
2:55 pm January 28, 2015 | No Comment
Singapore unexpectedly eased monetary policy, sending the currency to the weakest since 2010 against the U.S. dollar as the country joined global central banks in shoring up growth amid dwindling inflation.
1:02 am January 28, 2015 | No Comment
The rupiah’s current level supports exports and helps narrow Indonesia’s current account deficit, Finance Minister Bambang Brodjonegoro said, signaling the government is comfortable with the currency’s 3 percent drop since October.
10:20 pm January 27, 2015 | No Comment
Asia’s wealthy are falling out of love with the Aussie dollar as record-low yields and sustained declines persuade them to look elsewhere, according to UBS.
9:53 pm January 27, 2015 | No Comment
Speculation that Samsung, which accounts for about a quarter of South Korea’s $1.2 trillion stock-market capitalization, will revamp its ownership structure has intensified since Lee Kun-hee, head of the founding family, was hospitalized in May.
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