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Asia

HSBC to ramps up Asia pivot as pandemic hammers profits

HSBC on Tuesday vowed to accelerate its Asia pivot despite spiralling tensions between China and the West after it reported a 30 per cent plunge in profits for 2020 caused by the coronavirus pandemic

This file photograph taken on 30 June 2009, shows the logo of international banking firm HSBC on display in the business district of La Defense, om the outskirts of Paris. HSBC announced a radical overhaul on 18 February 2020, including plans to slash 35,000 jobs and slim operations in the United States and Europe, after profits slid by a third last year. The Asia-focused lender has been trying to lower costs as it faces a multitude of uncertainties caused by the grinding US-China trade war, Britain's departure from the European Union and now the deadly new coronavirus in China. Photo: AFP

Asian markets struggle as inflation worries offset recovery hopes

Markets were mixed Monday as investors struggled to maintain an initial rally, with falling infection rates and more good news on the vaccine front playing off against worries about high valuations ...

Asian markets struggle as inflation worries offset recovery hopes

Armoured vehicles deployed to major Myanmar cities after mass protests

Security forces in Myanmar opened fire to disperse protesters at a power plant on Sunday and armoured vehicles rolled into major cities as the new army rulers faced a ninth day of anti-coup ...

Protesters gather next to military vehicles parked along a street in downtown Yangon on 15 February, 2021, the morning after Myanmar's military cut the nation's internet and deployed extra troops around the country

US joins WHO programme aimed at boosting COVID-19 fight

A US official told a World Health Organisation meeting that Washington would join a programme to boost COVID-19 testing, diagnostics and vaccines as officials urged it to increase financing for a ...

US joins WHO programme aimed at boosting COVID-19 fight

Dollar retreats on US recovery doubts, bitcoin tops $47,000 for first time

The spotlight remained on bitcoin as it reached a record above $47,000, building on a nearly 20per cent surge overnight that was the biggest since 2017, after Tesla Inc announced a $1.5 billion ...

A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken on 8 January 2021.

Indigenous people 'under threat' from Asia clean energy push

Muhammad Lamoh had no inkling that his small village of Ban Khu in southern Thailand would be key to the nation's renewable energy goals, until local authorities called a community meeting to inform ...

Indigenous people 'under threat' from Asia clean energy push

World leaders condemn Myanmar's military coup

The United States led governments around the world in calling for the restoration of Myanmar's democracy on Monday after the military staged a coup, arresting civilian leader Aung San Suu Kyi and ...

Myanmar migrants hold up portraits of Aung San Suu Kyi as they take part in a demonstration outside the Myanmar embassy in Bangkok on 1 February, 2021, after Myanmar's military detained the country's de facto leader Suu Kyi and the country's president in a coup

Asian markets mostly rise in respite from recent rout

Most Asian markets bounced Monday following last week’s blood-letting as bargain-buyers moved in, but dealers remain on edge as surging infections and a stuttering vaccination rollout offset ...

Asian markets mostly rise in respite from recent rout

Britain to apply to join Asia-Pacific free trade bloc

Britain will apply to join a massive 11-nation free-trade bloc of Asia-Pacific countries, it announced Saturday, weeks after leaving the European single market with its departure from the EU

A protester holds British union flags before a pro-Brexit demonstration march in central London, Britain on 12 January 2019.

Asian markets a sea of red as virus woes add to correction fears

Asian markets suffered further losses Thursday, tracking a rout in New York and Europe as markets were hit by a perfect storm of worries about the slow rollout of vaccines, surging infections, a ...

Asian markets a sea of red as virus woes add to correction fears
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