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The Latest Breaking News from Asia

Saudi Arabia Increases Price for Arab Light Crude to Asia

Saudi Arabia, the world's top oil exporter, raised prices for its flagship crude for Asian buyers for the first time in six months amid an expectation of oil demand recovery, especially from China, according to Reuters. Informed sources reported Monday that the official selling price (OSP) of Arab Light crude,…

Asharq Al-Awsat

Asian stocks mixed after Wall St sinks on rate fears

Asian stock markets are mixed after Wall Street sank under pressure from worries about higher interest rates and Japan reported stronger wage gains than expected

The Independent UK

Eastspring warns of volatility ahead

The investment outlook remains volatile in 2023 due to monetary policy tightening and geopolitical risks, but China and the rest of Asia will likely benefit from the reopening of borders, says Eastspring Asset Management (Thailand).

Bangkok Post

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Croda agrees £232m deal for South Korean beauty ingredients specialist

Solus Biotech set to join East Yorkshire giant's stable with expertise in high growth moisture rentention for skin and hair

Birmingham Post

Abrdn rolls out new Asia equity fund

Aberdeen Asset Management (Abrdn) is launching a new Asia equity fund focusing on Chinese and Thai stocks as it believes China's reopening will drive Thailand's tourism industry to expand substantially this year.

Bangkok Post

China’s power in Asia diminished by 'COVID-zero,' study shows

China’s standing in the Asia-Pacific has been damaged by its decision to stick with "COVID-zero" for most of 2022, leaving the U.S. to cement its position as the most influential power in the region, according to an Australian research group.

Tribune News Service

United States remains Asia's most powerful country followed by China, analysis says

The Lowy Institute report ranks Japan as the third most powerful country in Asia, with India following in fourth place, and shows the pandemic has slowed China's rise over the last two years.

ABC News

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Mad for mangas: Asia leaves its mark on Angoulême comics fest

France’s fascination with manga comic books is booming, a trend highlighted at the Angoulême international comics festival at the end of January. Thousands of fans turned out to see Hajime Isayama, Ryoichi Ikegami and Junji Ito who hosted masterclasses and received special awards.

Radio France Internationale

Australia’s diplomatic influence in Asia on the rise as ALP advances interests abroad

Lowy Institute ranks country sixth overall in the Asia Power Index, behind US, China, Japan, India and Russia

The Guardian - AU

Saudi ‘Arheb’ Offers Smart Shared Transport Solutions, Preserves Saudi Environment

Saudi Arabia’s “Arheb” transportation platform will connect drivers and passengers wishing to travel together between the country’s governorates and cities, in addition to neighboring Gulf and Arab countries. Arheb ensures the lowest cost of transportation for users and provides weekly and monthly packages for employees and students at competitive prices.…

Asharq Al-Awsat

Fugitive Hong Kong Mogul Auctions Up to $2 Million in Luxury Handbags

Joseph Lau Luen-hung is selling 77 rare Hermès bags in the largest single-owner handbag sale ever held in Asia, according to Sotheby’s

Caixin Global

The Weekly Wrap for Saturday, 4 February 2023

Asia's richest man has watched a quarter of his fortune evaporate in a week. An industrial empire is teetering. And it's all because of one teeny-weeny little memo.

inkl Originals

Pizza and spag bol? How Susie Lau’s recent trip to Thailand went horribly wrong

Tempted by sun, sand and long overdue truly spicy Thai, Susie Lau flies halfway around the world and ends up with a limp slice of pizza and plate of spag bol

Evening Standard

Olympics-Russians' Asian route to Games not yet final-IOC's Lalovic

A proposed Paris 2024 Olympics qualification route for Russian and Belarusian athletes through Asian events has not been finalised or agreed, the United World Wrestling President Nenad Lalovic said on Friday.

Reuters

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Bangkok Post

China warns Philippines over US bases deal

China has asked the Philippines to avoid being "taken advantage of" by the United States after the Southeast Asian nation agreed to give US military forces access to four new bases.

WEKU

In India, couples begin their legal battle for same-sex marriage

Couples have filed petitions to India's Supreme Court seeking the legalization of same-sex marriage. The decision could make India the second economy in Asia after Taiwan to recognize the unions.

The Times of India

Gautam Adani backers from New York to Tokyo dissect and limit exposure

NEW DELHI: Financial institutions from New York to London and Tokyo are dissecting their exposure to the empire of Gautam Adani, who was Asia’s richest man only a few days ago.

The Independent UK

AP Week in Pictures: Asia

Jan. 27-Feb. 2, 2023

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ABC News

China warns the US is 'using' Asian countries as Washington seals crucial military deal with the Philippines

China warns countries in Asia to be vigilant about the US "using" them, after American forces secured access to a further four military bases in the Philippines.

The Independent UK

How the US is boosting military alliances to counter China

The U.S. is expanding it military presence in Asia, in a string of moves aimed at countering Beijing and reassuring Indo-Pacific allies that America will stand with them against threats from China and North Korea

Bangkok Post

Asian equities jump on Fed hints

Asian stock markets broadly advanced on Thursday as currencies rose following Federal Reserve chairman Jerome Powell mention that the US central bank might soon shift its focus from taming inflation to curbing the economic slowdown.

WEKU

How Asia's ex-richest man lost nearly $50 billion in just over a week

Indian businessman Gautam Adani was a few billion dollars shy of Elon Musk. But he tumbled down the billionaires' list after a U.S. firm accused the Adani Group of pulling off an epic con.

The Independent UK

Share debacle a rare setback for Indian tycoon Adani

India's Gautam Adani was Asia's richest man when the U.S. short-selling firm Hindenburg Research put out a report last week alleging his businesses have engaged in fraud and stock price manipulation

ABC News

Thailand soars up democracy rankings as other Asian nations stagnate or fall down list

Thailand's ranking on a democracy index has improved more than any other country in the world over the past year, even as other nations in Asia have seen their scores fall.

The Independent UK

US, Philippines agree on larger American military presence

The United States and the Philippines have announced an agreement to expand American military presence in the Southeast Asian country, where U.S. forces and weaponry will be granted access to four more Philippine military camps under a 2014 defense pact

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