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Budget airline AirAsia to add around 30 jets this year amid strong demand: CEO
Tue, Jan 23, 2018
Budget airline group AirAsia Bhd plans to add around 30 jets to its airline affiliates across Asia this year due to strong demand growth across the region, CEO Tony Fernandes said on Tuesday.
As oil hits $70, warning lights flash up in Asia
Fri, Jan 12, 2018
Oil prices have risen above $70 per barrel for the first time since 2014 as investors bet supply cuts led by OPEC will dominate the market this year.
Wall Street slips as shares of tech sector weakness
Wed, Dec 27, 2017
U.S. stocks declined on Tuesday as Apple and shares of its parts suppliers weakened on a report of soft iPhone X demand, which pulled technology shares lower.
India's record share sales bring banks little cheer in the way of fees
Fri, Dec 22, 2017
India`s main stock indexes surged almost 30 percent in 2017 as investors bet on economic reform and corporate earnings recovery.
ADB lowers India's 2017 growth outlook to 6.7%
Wed, Dec 13, 2017
The recovery in the Indian economy "is more subdued than assumed earlier due to rising crude oil prices, soft private investment growth, and weather-related risks to agriculture," the ADB said.
Russia urges India to line up behind China's Belt and Road initiative
Mon, Dec 11, 2017
India is strongly opposed to an economic corridor that China is building in Pakistan that runs through disputed Kashmir as part of the Belt and Road initiative. Russian Foreign Minister Sergei Lavrov, however, said New Delhi should not let political problems deter it from joining the project, involving billions of dollars of investment, and benefiting from it.
WhatsApp's standalone Business app set for launch soon
Fri, Dec 08, 2017
As businesses widely use WhatsApp to communicate with their customers, particularly in Asia, the Facebook-owned service appears all set to launch a brand new app for them.
Asian manufacturing buoyed by tech as focus shifts to regional rate hikes
Fri, Dec 01, 2017
The firm expansion in factory activity, seen in South Korea, Japan and Taiwan, has not been uniform, however, with Beijing`s war on pollution tempering growth in Chinese manufacturing in October.
Ambanis top Forbes list of Asia's richest families, pip Lees
Thu, Nov 16, 2017
Ambanis top Forbes list of Asia's richest families, pip Lees of the Samsung empire
GoAir plans to fly overseas to Asian destinations from October
Mon, Aug 07, 2017
Private low-cost carrier GoAir would start flying overseas from October this year, its Managing Director Jeh Wadia said. "We have plans to start overseas operations from October this year", Wadia told PTI today.
Marico expects to deliver double-digit sales growth about 8-10% for next four to five years
Tue, Apr 04, 2017
FMCG company Marico has projected to deliver double-digit sales growth around 8-10% volume growth for the next four to five years.
Prime Minister Narendra Modi says cash crackdown is a fight for the poor
Tue, Feb 07, 2017
Prime Minister Narendra Modi on Tuesday defended his decision to abolish high denomination bank notes that has left the economy reeling, calling it a "fight" for the poor.
Asian media decry isolationist Trump, fear economic, diplomatic turmoil
Sat, Jan 21, 2017
A day after Donald Trump became U.S. President and vowed to put "America First", Asian media decried his isolationist policies, fearing they will chill the global economy and sow widespread international discord.
Five things Trump did immediately after becoming 45th US President
Sat, Jan 21, 2017
As Donald Trump was sworn in as the 45th president of the United States on Friday, he immediately started signing deals after taking over from his predecessor, Barack Obama.
India, others should continue medium-term plans to reduce public debt, deficit: IMF
Tue, Jan 17, 2017
Countries with higher public debt levels like India should continue to implement their medium-term plans to reduce debt and deficits, an IMF official has said.
Danone to double India business by 2020, lines up 10 new products
Mon, Jan 16, 2017
French nutrition and dairy major Danone plans to double its business in India by 2020 for which it will bring in more global brands into the country and has lined up ten new launches for this year.
Funding to VC-backed start-ups declines by 23% globally in Q4 2016
Thu, Jan 12, 2017
The deal count for start-ups too dropped below 2,000 for the first time since Q4 2013.
Asian Development Bank operations reach a record $31.5 billion in 2016
Mon, Jan 09, 2017
Asian Development Bank (ADB) operations for Asia and the Pacific reached all-time high of $31.5 billion in 2016, a 17% increase from $26.9 billion in the previous year.
UBS slashing nearly two dozen jobs in Asia to cut costs
Fri, Dec 16, 2016
UBS Group AG is cutting nearly two dozen jobs in its Asian investment banking business, mainly in Hong Kong and Singapore, as part of a push to slash costs, people with direct knowledge of the matter said.
Stronger US spending under Donald Trump could help Israel, says Bank of Israel's chief
Mon, Dec 12, 2016
Bank of Israel Governor Karnit Flug said on Sunday that an expansion of US spending once Donald Trump takes office could benefit Israel`s economy.