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The Latest Breaking News from Asia

Sources: Hyundai to set $7B US plant during Biden Asia visit

A U.S. official familiar with the project says South Korean automaker Hyundai Motor Group is expected to announce its plans next week to build a massive electric vehicle plant near Savannah, Georgia

The Independent UK

America, Asean in geostrategic drift

As Southeast Asia's renowned regional bloc, Asean has been wanting to have its cake as well as eat it. Its summit meeting with the United States in Washington this week is a testimony to trying to have it both ways. When Washington cares less about Asean, the nominally 10-member grouping…

Bangkok Post

U.S. President considering Korea DMZ visit when traveling to Asia this month

U.S. President Joe Biden is considering a trip to the Korean Demilitarized Zone when he visits Asia later this month, White House press secretary Jen Psaki said on Thursday.

Reuters

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Malaysian leader urges U.S. to adopt more active ASEAN trade agenda

Malaysian Prime Minister Ismail Sabri Yaakob on Thursday urged the United States to adopt a more active trade and investment agenda with the Association of Southeast Asian Nations (ASEAN), saying this would benefit Washington economically and strategically.

Reuters

7 Walt Disney Analysts React To Q2 Earnings Miss, Subscriber Beat, Ongoing Asia Weakness

Walt Disney Co (NYSE: DIS) shares traded lower by 3.7% on Thursday after the company reported first-quarter earnings and said ongoing COVID-19 disruptions are weighing on its Asia theme park business.

Benzinga

To circumvent Ukraine and bottlenecks, a controversial new trade route emerges: Iran

Exclusive: Despite US sanctions, transportation industry insiders see the Islamic Republic as key land route for moving goods across Eurasia

The Independent UK

Intercontinental GT Challenge set to expand to five 2023 rounds

The Intercontinental GT Challenge is set to expand back to five races next season with the likely return of Suzuka as the Asian date.

Motorsport

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Intercontinental GT Challenge set to expand to five rounds in 2023

The Intercontinental GT Challenge is set to expand back to five races next season with the likely return of Suzuka as the Asian date.

Autosport

EU's Von Der Leyen: Russia 'Most Direct Threat to World Order'

Top European officials warned Thursday that Russia poses the "most direct threat" to world order and urged China to play a more constructive role on the international stage as they held talks in Tokyo. European Commission President Ursula von der Leyen and European Council President Charles Michel are in Japan…

Asharq Al-Awsat

Asian shares track technology-led sell-off on Wall Street

Shares have declined in Asia following the release of U.S. inflation data that was worse than expected

The Independent UK

Biden hosts ASEAN as he looks to show Pacific commitment

President Joe Biden is hosting leaders from the Association of Southeast Asian Nations as his administration continues an effort to demonstrate that the United States hasn’t lost focus on the Pacific

The Independent UK

Goldman predicts Thai interest rate hike in Sept

Hawkish expectations in Asia’s emerging markets are piling up as traders become increasingly convinced that central banks in the region cannot ignore the threat of domestic inflation any longer.

Bangkok Post

U.S. wants ASEAN leaders to play bigger role in Myanmar diplomacy - official

The United States wants Southeast Asian leaders to play a "more deeply engaged role" in efforts to put Myanmar back on a democratic track after a coup last year, the top U.S. official for Asia said on Wednesday ahead of President Joe Biden's meeting with leaders from the region this…

Reuters

Biden Seeks to Keep China in Focus by Welcoming ASEAN Leaders

President Joe Biden will host Southeast Asian leaders in Washington this week, seeking to show his administration remains focused on the Indo-Pacific and the long-term challenge of China despite the Ukraine crisis. A two-day summit with the 10-nation Association of Southeast Asian Nations (ASEAN) begins with a White House dinner…

Asharq Al-Awsat

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Reuters

U.S. sees early 'challenges' dealing with new Philippines administration

The United States is seeking early engagement with the newly elected administration of Ferdinand Marcos Jr. in the Philippines, although historical considerations mean there will probably be some initial challenges, the chief U.S. policy maker for Asia said on Wednesday.

Reuters

Hong Kong police bail Catholic cardinal arrested on national security charge

Cardinal Joseph Zen, one of the most senior Catholic clerics in Asia, and three others who helped run a now-disbanded Hong Kong fund for protesters were arrested on charges of "collusion with foreign forces," and later released on bail.

Caixin Global

Opinion: How Singapore Could Outperform Shanghai, Hong Kong to Become Asia’s Financial Center

The country has benefited from China-U.S. tensions and a successful response to Covid-19

Evening Standard

FTSE 100 Live: US inflation dips, Covid update boosts Asia markets

Inflation figures in the United States are today expected to show the annual rate has fallen back from its four-decade high of 8.5%.

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The Independent UK

Asian stocks mixed, China gains ahead of US price data

Shares are mixed in Asia with Chinese benchmarks pressing higher after a rally in technology companies helped reverse most of an early slide on Wall Street

The Conversation

How well has the Morrison government handled relations with Southeast Asia?

This is part of a foreign policy election series looking at how Australia’s relations with the world have changed since the Morrison government came into power in 2019. You can read the other pieces here.

Bangkok Post

US must assist with climate finance

As US President Joe Biden is due to meet with leaders from Southeast Asian countries this week at the US-Asean Summit in Washington from May 12-13, one issue on which Washington bears an enormous responsibility -- and from which Asean countries suffer enormous consequences -- will be high on the…

Tribune News Service

Stellantis CEO warns about future EV battery shortage, Asian reliance

The CEO of Jeep maker Stellantis NV on Tuesday joined the chorus of voices in the auto industry warning about a future shortage of electric-vehicle batteries without more production in Europe and the United States, potentially risking the transatlantic automaker's EV commitments.

Benzinga

Stellantis CEO Thinks Electric Shift Depends On Smooth Supply Chain Operations: Bloomberg

Stellantis NV (NYSE:STLA) Chief Executive Officer Carlos Tavares said the shift to electric vehicles depends much on resolving the supply-chain problems swiftly, Bloomberg reported. He said the shift will only work in Europe if access to enough clean energy, batteries, raw materials, and charging infrastructure is ensured. Tavares also said that the…

Bangkok Post

After trillions in losses, Asia’s stock rout looks far from over

All signs point to more losses ahead for Asian equities after a four-month slump that has wiped out over $2 trillion in value.

The Times of India

Biden team sees tilt to China buoyed as Putin falters in Ukraine

WASHINGTON: As Europe's largest conflict since World War II rages in Ukraine, top Biden administration aides are increasingly convinced it could provide the US with an unexpected advantage -- against China.

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