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The Latest Breaking News from Asia

Citi to boost Asia wealth business with 'significant' hires, global head says

Citigroup is focusing its global wealth management hiring on Asia. The region's private bank is growing faster and is more productive than other areas. Citigroup plans to hire about 100 private bankers worldwide. Asia is a key part of this strategy. The bank aims for significant growth in its wealth…

The Economic Times

Rice feeds billions of people – but its role in fueling climate change is growing

Rice feeds more than half the world. From terraced paddies in Southeast Asia to irrigated fields in China and India, it underpins daily meals for billions of people.

The Conversation

APEC gathers to discuss trade imbalances, supply chains

Envoys from across Asia are in China to grapple with a host of trade issues including how supply chains can handle global shocks such as the Iran war.

AAP

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Global Market: Oil crisis and strong dollar intensify pressure on Asian currencies

Asian economies face a global energy shock. Policymakers are enacting emergency measures as currencies weaken and fuel costs surge. India urges reduced overseas travel and gold purchases. Indonesia hikes interest rates and tightens export earnings control. The Philippines also raises rates. These actions aim to stabilize economies amid rising oil…

The Economic Times

BofA sees foreign exodus from Dalal Street extending into 2027

Indian stocks are underperforming globally. Foreign investors are unlikely to return before 2027 or 2028. This is due to earnings downgrades and a weakening rupee. Other Asian markets are attracting investment with AI-linked plays. India's valuations remain expensive compared to markets like South Korea. Domestic investors are focusing on mid…

The Economic Times

KT SAT Evolves into a 'Total Space Solution Provider' Presenting the Vision of "Space for Humanity"

SEOUL, South Korea, May 22, 2026 /PRNewswire/ -- KT SAT announced that it participated in the Space Industry Forum (SIF), a global space and satellite industry event held during Asia Tech x Singapore, Asia's largest ICT exhibition, where the company shared its perspective on the rapidly evolving satellite communications market…

AAP

Dollar perched near six-week high on uncertainty over US-Iran deal

The dollar held near a six-week high on Friday, buoyed by hopes of U.S.-Iran peace deal progress and strong U.S. economic data. Despite mixed signals from talks, investors favored the dollar, while the yen weakened significantly due to high oil prices and concerns over intervention. Emerging Asian currencies also faced…

The Economic Times

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Why Australia’s cuts to news services in the Indo-Pacific are a failure of soft diplomacy

Australia seems intent on missing a vital opportunity to win the hearts and minds of our neighbours in the Indo-Pacific, particularly Southeast Asia, through its continued refusal to guarantee ongoing funding for transnational news services in the region.

The Conversation

BAI Capital Announces First Close of New US$800 Million Fund, Continues to Back Asia Growth and Globalization Opportunities

BEIJING, May 22, 2026 /PRNewswire/ -- BAI Capital today announced the first close of its latest USD fund, targeting US$800 million. The first close reached US$600 million in commitments. At a time when global capital allocation has become more disciplined and growth investing is refocusing on commercial validation and execution,…

AAP

Digital Edge Successfully Closes First US$575 Million HoldCo Loan to Accelerate Growth Across Key Asia-Pacific Markets

SINGAPORE, May 22, 2026 /PRNewswire/ -- Digital Edge today announced the successful closing of its inaugural US$575 million holding company ("HoldCo") financing, marking a significant milestone in the company's continued evolution as one of Asia-Pacific's leading digital infrastructure platforms. The proceeds from the facility will support the continued...

AAP

‘Big up Scousers!’: Jo and Kush react after winning Race Across the World

Jo and Kush were announced as winners Race Across the World series six after12,000km of travelling through Europe and Asia. The pair finished ahead of Father and daughter Andrew and Molly, siblings Katie and Harrison, and in-laws Mark and Margo. Reflecting on the win, Kush said: “I hope we did…

The Independent UK

Winners of Race Across the World series six revealed after thrilling final leg – here’s what they won

The winners of BBC One’s Race Across the World have been revealed after the series reached its thrilling conclusion on Thursday night. Best friends Jo and Kush scooped the £20,000 prize after reaching the final checkpoint in Hatgal, Mongolia, before the other pairings, after racing over 12,000 km through Europe…

The Independent UK

Tipping point? The scramble to contain global energy crisis

It's easy to lecture world leaders about how fuel subsidies ruin the environment and bleed state coffers dry, but try telling that to beleaguered Bolivians and cornered Kenyans, two of the many nations where the energy crisis has reached breaking point with citizens unable to keep up with prices at…

France 24

Ralph Lauren shares jump 10% as strong China sales help fuel growth

The revenue growth was led by sales in Asia, the company said, with particular ‌strength in China ⁠during the ⁠Lunar New Year. Wall Street investors are focused on how luxury brands are performing in the Chinese market, where consumers have shown signs of strain in recent months and luxury spending…

The Economic Times

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AAP

Trusting the Process: How the HR Asia Best Companies to Work for in Asia 2026 Winners are Rebuilding the Hong Kong Workplace Culture from Within

HONG KONG, May 21, 2026 /PRNewswire/ -- HR Asia Best Companies to Work for in Asia organised by Business Media International has officially announced the winners of 2026 Hong Kong, highlighting 50 companies that have turned the city's complex labor challenges into a strategic advantage. While the broader market grapples…

The Independent UK

How to have your own ‘Race Across the World’ adventure across Central Asia

Interest in tours to Kazakhstan, Uzbekistan, Kyrgyzstan and Mongolia has increased since featuring on the programme

AAP

World shares are mixed, Kospi gains 8.4%, as tech-led rally fades

Shares have opened lower in Europe after a mixed session in Asia, where a rebound in oil prices undermined optimism from another broad rally on Wall Street

The Economic Times

From medical tourism to casinos, oil shock hits Southeast Asia

Companies across aviation, retail, and manufacturing are implementing price hikes and cost-cutting measures. Disruptions to supply chains and rising raw material expenses are impacting profitability, prompting strategic reviews and increased financial provisions.

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The Economic Times

Inside India's own Rome-like centuries old colosseum, known as Asia’s oldest amphitheatre; best time to visit & how to reach

Rang Ghar: Built in 1746 in the heart of Sivasagar, Rang Ghar is widely recognised as Asia’s oldest amphitheatre and one of the most fascinating reminders of the Ahom dynasty’s grandeur. Once used by kings and nobles to watch wrestling matches, bullfights, cultural performances, and traditional games, the 277-year-old structure…

AAP

Asian shares surge after oil prices slip and Wall Street resumes its AI rally

Shares have rallied across Asia, tracking gains on Wall Street after pressure from the bond market eased and oil prices fell back

AAP

Travel Passions and Local Behaviors are Reshaping Hotel Loyalty Across Asia Pacific Excluding China, New Marriott Bonvoy Report Finds

SINGAPORE, May 21, 2026 /PRNewswire/ -- Loyalty engagement across Asia Pacific excluding China (APEC) is entering a more complex and mature phase. The new Loyalty Trends Report 2026 by Marriott Bonvoy finds that while 89% of travelers across APEC participate in at least one loyalty program, how they engage is…

AAP

Agoda Survey Reveals Growing Interest for Experiences that Protect Nature and Support Local Communities

SINGAPORE, May 21, 2026 /PRNewswire/ -- Digital travel platform Agoda's 2026 Sustainable Travel Survey reveals a growing interest in travel experiences that create meaningful connections and tangible impact on local communities. In Asia, 35% of travelers express a desire for more tours and experiences that protect the environment and support…

AAP

WNBL eyeing Asian imports for competition's next era

The WNBL's Chief Operations Officer believes clubs will be targeting Asian countries for their star talent after Han Xu's influence last season.

AAP

HashKey Capital Fund Announces $40M Strategic Investment in SignalPlus

HONG KONG, May 21, 2026 /PRNewswire/ -- HashKey Holdings Limited ("HashKey" or the "Company", Stock Code: 3887.HK), a leading comprehensive digital asset company in Asia, announced today that a fund managed by HashKey Capital, its asset management arm, has completed a $40 million USD investment in SignalPlus, a crypto asset…

Evening Standard

Standard Chartered boss says AI comments taken ‘out of context’ after backlash

The Asian-focused bank unveiled plans on Tuesday to cut around 7,800 jobs as it ramps up the use of AI across its operations.

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