Asia

Major container shipping lines will offer more capacity between Southeast Asia and the U.S. West Coast in 2020, signaling that the U.S. sourcing shift away from China will continue unabated even with the preliminary trade detente. The moves could also help West Coast ports regain some of the cargo...

Stocks in Asia and the European Union surged Monday, with the United States and People's Republic of China set to sign the long-awaited first phase of their trade deal later this week. U.S. futures too pointed toward a higher open. China's Liu Arrives In US Monday...

London-based Unilever plc (NYSE: UL) on Tuesday lowered its sales growth expectations for the year 2019. What Happened The British-Dutch consumer goods maker said that it now expects sales growth to be between the lower half of its previous forecast range of three to five percent. Unilever...

Markets in Asia Pacific and U.S. Futures continued to see growth on Tuesday in the aftermath of the announcement of phase one of the trade deal between the U.S. and China. What Happened The two countries said that they reached an agreement over the long-standing trade war on Friday. When the...

One way to examine the fallout of the U.S.-China trade dispute is to analyze the curves of global container-shipping pricing over the past year. The data clearly shows the extent to which the trans-Pacific trade has faltered in relation to both the global average and the Asia-to-Europe lane. The...

Manila, Philippines-based Asian Terminals Inc. (PSE: ATI) reported third quarter revenues this year of 3.13 billion Philippine pesos ($60.35 million) along with net profits after tax of just over 707.44 million pesos ($13.65 million) for the period. Revenues generated from operations in the third...

Anheuser Busch Inbev NV (NYSE: BUD) sold its Australian beer assets to Japan's Asahi Group Holdings for $11.3 billion in enterprise value. According to one analyst, the parent company of Budweiser has other assets lined up for sale. What Happened Proceeds from the sale of AB InBev's...

A tropical storm known internationally as Danas, but called Falcon in the Philippines, is spinning over the warm waters of the western Pacific Ocean. The storm could delay container freight at some ports in East Asia, while whipping up winds and dumping heavy amounts of rainfall. Satellite...

Beer maker Anheuser Busch Inbev NV (NYSE: BUD)'s upcoming spinoff and IPO of its Asia-Pacific business is among several positive signs that the company is set for continued growth, according to Guggenheim. The Analyst Laurent Grandet maintained a Buy rating on Ab InBev's stock with an...

South Korean ocean box shipping company, Hyundai Merchant Marine, and Russian Far East intermodal box transport specialist, FESCO, have announced a series of changes to their Russia-China-Korea shipping operations. Rail specialist FESCO has also announced extensive Russia-China box-rail services...

Benzinga's Fintech Focus Podcast features conversations with the biggest names in fintech. Subscribe to the Fintech Focus newsletter to get a roundup of industry news delivered to your inbox weekly, and check out upcoming programming at Benzinga events.    In this episode of the...

OOIL and Yang Ming see better revenue growth, but bottom line results diverge as finance and fuel costs hit results. Two of Asia's largest ocean carriers reported full-year results, which highlighted the ongoing  challenges facing the industry. Orient Overseas (International) Limited (OOIL...

Capacity growth on the Asia/Europe maritime routes are set for substantial increases in 2019 and 2020, with vessels aggregating nearly 1.1 million twenty-foot equivalent units (TEUs) set to be delivered in the period, following an increase of 530,000 TEU capacity delivered in 2018. As a result of...

Few if any emerging markets were spared in last year's bloodbath. The 2018 decline of 15.3 percent for the MSCI Emerging Markets Index ensnared a slew of developing economies from Asia to Latin America and beyond. The MSCI Emerging Markets Index is up 5.23 percent to start 2019, indicating...

Many people would assume America is home to more billionaires than any other continent. But this isn't the case at all, according to Quartz. As of the end of 2016, the world is home to 1,542 billionaires who control $6 trillion worth of wealth. By region, 637 of these billionaires live in Asia...