A Thai Supreme Court judge said he suspected Yingluck Shinawatra, the prime minister ousted by a coup in 2014, had fled or gone into hiding after she failed to attend court on Friday for the verdict in a negligence case brought by the ruling junta. Yingluck, whose family has dominated Thai politics for more than […]
Read moreRide-hailing firm Grab, the main Southeast Asian rival of Uber Technologies, said it would commit $100 million over the next three years to deepen its presence in Myanmar, grow to more cities and roll out its other services. Grab said it wanted to launch its payments platform, GrabPay, and build a local team of up […]
Read moreIndian IT services firm Infosys named Nandan Nilekani, one of its founders and former heads, as chairman on Thursday in a bid to end a lengthy feud between the board and the company’s founders. The move is likely to reassure employees and clients, and quell shareholder concerns after the shock resignation of its Chief Executive […]
Read moreThe U.S. Federal Reserve must do a lot of work to convince skeptical markets that interest rate hikes are in the cards, said Mark Zandi, chief economist at Moody’s Analytics. “Markets still aren’t quite convinced. They haven’t bought into the Federal Reserve’s forecast, my forecast, for the path for future interest rates,” he told CNBC’s […]
Read moreJapan will impose additional sanctions against North Korea following the reclusive country’srepeated missile launches and unresolved abduction issue, its top government spokesman said on Friday. Chief Cabinet Secretary Yoshihide Suga told reporters that Japan would freeze the assets of six more organisations and two more individuals linked to North Korea. North Korean leader Kim Jong […]
Read moreA court in South Korea on Friday will rule if Samsung‘s de-facto chief Jay Y. Lee is guilty of corruption following a trial where he was accused of paying bribes to gain government favors for the conglomerate. Reuters reported that prosecutors have demanded a 12-year jail sentence for Lee and that he also faces charges […]
Read moreChina has tightened the purse strings on foreign investment, but the government’s crackdown could completely backfire, hurting the very companies it’s seeking to firm up. Chinese companies had been on a massive shopping spree — outbound deals hit a new record every year since 2009, soaring 500 percent to a whopping $200 billion last year. […]
Read moreAn American business group endorsed on Friday a trade deal that no longer includes the U.S. and has been deemed a “disaster” by President Donald Trump. The American Chamber of Commerce in Singapore, or AmCham Singapore, may be the first U.S. business association to endorse the Trans-Pacific Partnership trade deal excluding the U.S. “The TPP […]
Read moreWith its decision to reinstate hundreds of academic articles, a division of Cambridge University has done what larger entities have failed to: stand up to China. Cambridge University Press, the world’s oldest publishing house, on Monday reversed an earlier decision to block access within China to 315 articles in “The China Quarterly,” a leading academic […]
Read moreStocks in Asia were mixed in early Friday trade after Wall Street slipped on uncertainty in Washington while investors anticipated an annual central banking symposium in Jackson Hole. Japan’s Nikkei 225 rose 0.25 percent in early trade, with gains in automakers, trading houses and financials driving the broader rise in the index. Across the Korean […]
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