Asian private equity players are pointing to one big deal opportunity ahead: People in Asia are getting older. Kyle Shaw, managing director at ShawKwei & Partners, a private equity firm focused on medium-sized industrial and industrial-tied services in Asia, said Wednesday that demographics is a major and “unstoppable” trend for investments. “In the 1980s through […]
Read moreThe current weakness in the U.S. dollar may be short lived, as a pick-up in inflation and expected rate hikes by the Federal Reserve will support the greenback in the coming months, JPMorgan Asset Management said Wednesday. “We’re thinking that the dollar will actually rebound in the second half, and this is mainly as the […]
Read moreMcCormick & Co said it would buy the food business of British consumer goods conglomerate Reckitt Benckiser Group for $4.2 billion to expand its footprint in the attractive condiments category. McCormick expects the hot sauce category will continue to see robust growth and said it would integrate the business, RB Foods, into its consumer and […]
Read moreAn increasingly assertive China is making its presence felt in Hong Kong, which is a development Taiwan is watching closely as the self-governed island marks 30 years after the lifting of martial law. “The Hong Kong experience provided a glimpse of what might happen to Taiwan should the ‘One Country, Two Systems’ formula apply (to […]
Read moreCurrency, United States Finance
ECB to hold steady this week as traders eye a September ‘taper’ of its bond-buying program
The European Central Bank (ECB) is widely expected to hold interest rates steady on Thursday with many market watchers expecting the bank to announce in September plans to reduce its bond-buying program. ECB President Mario Draghi’s speech in Sintra was interpreted by many economists as a sign that the central bank was more optimistic about […]
Read moreMicrosoft is throwing the weight of its Azure cloud infrastructure behind Baidu’s open source autonomous driving project, Apollo, the companies announced Tuesday. Baidu first revealed details about the initiative, named after the historic lunar landing program, in April: It is an open platform that provides cloud infrastructure, open software stack and other services that are […]
Read moreA Communist Party mouthpiece is crowing that malfunctioning U.S. leadership is making China “great again” on the eve of highly anticipated bilateral trade talks between the two countries. The op-ed published in the People’s Daily said the U.S. was in political chaos and suffered from a broken system, which was why Washington couldn’t get anything […]
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Southeast Asia’s largest economy is defending its maritime rights within the disputed South China Sea in a perceived act against Chinese encroachment. Indonesia has long maintained an exclusive economic zone in waters claimed by Beijing, but unlike many of its neighbors, it’s never been a player in the long-simmering conflict that’s weighed on intra-Asian relations. […]
Read moreChinese users had trouble using the popular WhatsApp instant messaging tool on Tuesday, with many fearing it is the latest victim of Beijing’s internet clampdown. Most of the affected users said they could not send or receive photos using the chat app, which is owned by Facebook, without a virtual private network. VPNs are used […]
Read moreEmbattled Chinese internet conglomerate LeEco has been branded a “Ponzi scheme” in an online comment made and endorsed by some of the country’s leading lights in technology. The debt-ridden group of technology companies founded by billionaire Jia Yueting declined to comment on the scathing critique posted by Tencent co-founder Zeng Liqing, and “liked” by the […]
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