Asia Pacific

China is moving with strategic intent in the region, bringing countries closer with its regional integration efforts, while the US’ focus on tactical deals may see it lose out in the long run

IMF flags protectionism, geopolitics as downside risks to Asia-Pacific economies

The prospect of a deepening slowdown in China is a key risk, given the level of integration in Asia-Pacific economies and the central role that the country plays across the region

Hot bond yields temper US markets, GIFT Nifty hints at negative start for Indian indices

Traders are cautious across the globe as they assess potential market impact of growing tensions in the Middle East

A-Pac to contribute more than half of global GDP by 2030

Europe and North America — combined — might see their contribution reduced to around 30 percent, even if the Indian and Chinese economies, the growth engines, slow down.

S&P retains FY24 India growth projection at 6%, to be fastest growing in Asia Pacific

The GDP growth forecast for the current and the next fiscal has been kept unchanged from the forecast made in March partly on account of domestic resilience.

Wipro anticipates macro hurdles ahead, keeps lower revenue guidance for Q1

CEO Thierry Delaporte attributed the revenue growth decline in constant currency terms during the quarter to the uncertainty in the market and the resulting slowdown in discretionary spending.

Asia Pacific lenders to see limited hit from U.S. bank failures –Moody’s

Banks in the region, including China, Japan, Taiwan, India, Korea, Singapore, among others are "mostly funded with customer deposits, while their market borrowings are modest at about 16% of their total assets on average," the global ratings agency said in a note.

JPMorgan cuts about 30 investment banking jobs in Asia Pacific

The cuts to its Hong Kong and China-based bankers are the biggest seen in years, though they make up less than 5% of its investment banking headcount in the region, the people said, asking not to be identified because the matter is confidential. Most of those affected are junior level bankers, they said.

Citi India’s Badrinivas NC to take over Asia Pacific role

Badrinivas will be the markets treasury regional head for Asia Pacific.

Asia-Pacific leaders condemn war, renew calls for open trade

In Bali, China and India, after months of refusing to condemn Russia's war in Ukraine, did not block the release of a statement that harshly criticized Moscow.

Asia Pacific region faces risks from global financial tightening, slowdown in China: IMF official

Shanaka Jayanath Peiris, Division Chief of Regional Studies Division, Asia Pacific Department at the IMF, also said that currencies in the region have depreciated sharply while public debt ratios have increased.

ADB announces $14 billion support for food security in Asia Pacific

The funding was announced by Asian Development Bank (ADB) President Masatsugu Asakawa as part of the 55th ADB annual meeting, during a virtual press conference.

Delhi-NCR 10th most expensive office market in Asia Pacific

Hong Kong SAR is the most expensive office market in APAC with an annual rent of USD 175.4 per sq ft. Mumbai was at 11th position with an annual rent of USD 45.8 per square feet, while Bengaluru ranked 22th in the list of 23 cities commanding an annual rent of USD 20.5 per square feet.

How much does India stand to gain from I2U2?

Participating in multiple regional blocs can help New Delhi pursue sustainable development provided it can balance its interests across such initiatives

Citi plans 900 hires for commercial banking unit over three years

The U.S. lender said on Monday that along with launching in new markets and expanding its digital capabilities, the Citi Commercial Bank (CCB) unit is looking to ramp up its presence in high-growth and emerging markets.

PM Modi to attend virtual Quad meeting today amid Ukraine crisis

Sources told Moneycontrol the the sudden meeting has been called to discuss the worsening situation in Ukraine and its fallout on Asia Pacific.

Joe Biden, Xi Jinping to address Asia-Pacific leaders on trade, COVID recovery

China set the tone for the 21 member Asia Pacific Economic Cooperation (APEC) meeting this week, with Xi warning in a video recording on Thursday that the region must not return to the tensions of the Cold War era.

Exclusive| Existing commitments may be addressed first once vaccine exports resume

As the government prepares to allow the shipment of Covid-19 vaccines overseas, intense negotiations are underway on which countries will get them first. India has already promised its partners in the Quadrilateral Security Dialogue, or QUAD, which also comprises the US, Australia and Japan, that it will export eight million doses by October-end. But the global COVAX initiative is yet to receive the vast majority of the 90 million vaccines it has ordered from Pune-based Serum Institute of India (SII).

Experts from four Quad nations bat for expanding agreement to cover technology, economic issues

A 31-member panel of experts from India, the United States, Japan and Australia, along with representatives of the European Union, made the proposal after five months of deliberations. They want the Quad nations to engage multilaterally on subjects which may not remain outside the ambit of security concerns in the near future.

HSBC says Asia Pacific CEO Peter Wong to retire

Liao, who was HSBC's head of global banking for Asia Pacific, and Rosha, who was CEO of HSBC India, will continue to run the region as a single entity and be based in Hong Kong.

Joe Biden, Narendra Modi, Scott Morrison and Yoshihide Suga's op-ed calls for strong Indo-Pacific region

The world leaders pointed out that the collaboration which began with relief efforts post the devastating tsunami in 2004, evolved into a ‘democratic cooperation’ called the “Quad”

Asia Power Index 2020: China catching up as most powerful country influencing Asia-Pacific as US losing clout; India in 4th spot

India will reach 40 percent of China’s economic output by 2030, compared with the 50 percent estimate last year, says LAPWP Director Herve Lemahieu.

Asia-Pacific countries begin to ease pandemic-related travel bans, but hurdles remain

International travel in Asia has collapsed during the pandemic due to border closures, with passenger numbers down 97% in August, according to the Association of Asia Pacific Airlines.

HSBC sees double-digit wealth asset growth in Asia by 2023

The Asia-focused lender in February announced the merger of its global private banking and retail wealth businesses to create a new wealth and personal banking unit, part of a radical strategy overhaul at Europe's largest lender by assets.

Exclusive | India may see rebound in property transactions in second half of 2020, says Priyank Shah of JLL

By sector, retail investment took the worst hit. Encouragingly, the industrial and logistics investment market has weathered the storm so far and proven to be the region’s most resilient asset class, says Shah.