Asia

On CNBC, Ken Peng of Citi Private Bank said that the U.S. Federal Reserve has promised to tackle inflation in a very aggressive manner. The tapering by the Fed is all set to end next month, with rate-hike expected to begin in March. Peng noted that the Asian markets are in a "little bit better...

Shares of U.S.-listed companies rose in Singapore on Monday after government data showed that Singapore’s economy grew 7.2% in 2021, rebounding from a pandemic-induced 5.4% contraction in the previous year. What’s Moving: Singapore’s Straits Times Index rose 0.2% on Monday...

Cryptocurrencies are sinking along with the rest of the financial markets on Friday amid concerns over a new variant of the COVID-19 virus that is threatening to derail the post-pandemic recovery. Meme crypto Shiba Inu (CRYPTO: SHIB), however, is faring relatively better. What Happened: Shiba Inu...

Apple Inc (NASDAQ: AAPL) customers in key Asian markets could face delays in getting their iPads and iPhones due to supply crunch ahead of the holiday season, Nikkei Asia reported on Monday. What Happened: Buyers placing their orders on Monday would have to wait upto eight weeks to get their...

Reliance Industries, headed by Asia's richest person Mukesh Ambani, is making a big play in the green energy space. What Happened: Reliance has acquired Norweigian solar panel maker REC Solar Holdings AS in a deal valued at $771 million, the company said in a statement Sunday....

Viu is now Southeast Asia’s second largest streaming video-on-demand service by paid subscribers, just behind the Walt Disney Co’s (NYSE: DIS) Disney+ and ahead of Netflix Inc (NASDAQ: NFLX), Bloomberg News reported on Monday, citing research firm Media Partners Asia....

Chinese e-commerce giant Alibaba Group Holding (NYSE: BABA) is investing $1 billion aimed at supporting local talent and start-ups to expand its cloud computing arm Alibaba Cloud in Southeast Asia amid rising competition, as reported by South China Morning Post. What Happened: Project AsiaForward,...

Kodiak Robotics is partnering with South Korean conglomerate SK Inc. to bring its Kodiak Driver autonomous trucking software to Asia, the first international move for the Mountain View, California-based startup. With SK's help, Kodiak will sell its software in South Korea and China, where...

Asia’s largest bank has moved to offer its wealthiest clients direct access to cryptocurrencies. What Happened: Singapore-based DBS Group Holdings Ltd (SGX: D05) announced they would allow its private banking clients to invest in Bitcoin, Ether, Bitcoin Cash, and XRP. According to a...

The strong economic recovery throughout much of Asia is driving high demand for crude oil. Demand is expected to remain robust going forward, provided economic activity continues to rebound. Rising Demand Refiners in China are increasing imports of crude oil as they look to meet growing domestic...

Netfix Inc. (NASDAQ: NFLX) said it will premiere around 40 new original Japanese style-anime titles this year, almost double the number of titles it released last year. What Happened: The world’s largest streaming giant made the announcement on Saturday during the all virtual AnimeJapan 2021...

Boeing Co. (NYSE: BA) is working with regulators and customers in Asia to return the 737 Max aircraft to service in the region, according to a Reuters report, citing a company executive. “We’re continuing to work with global regulators and our customers to return the 737 MAX to...

What Happened: The largest crypto exchange in Southeast Asia, Philippines-based PDAX, experienced a technical failure that led to Bitcoin trading at $6,000 – an 88% discount to its current price. Following the incident, PDAX asked its customers to return their Bitcoins, threatening legal...