Asia Economy

Vietnamese companies eye the U.S. IPO market amid a lull in Chinese listings

BEIJING — A new group of Asia-based companies are contemplating initial public offerings in the U.S., where international listings were…

Singapore’s Temasek warns that fake agents in China are trying to sell scam investments

Singapore’s Temasek Holdings warned that scammers are allegedly trying to sell financial investment products or instruments to unsuspecting individuals while…

Biden and Xi’s meeting sent an important signal for U.S. business in China

BEIJING — U.S. President Joe Biden’s meeting with Chinese President Xi Jinping last week has set a bottom line in…

Morgan Stanley CEO says his firm is ready for ‘Basel III endgame’ — the sweeping new global rules on banking

SINGAPORE — Morgan Stanley Chairman and CEO James Gorman said his firm will be able to cope with “any form”…

Singapore’s largest bank DBS beats forecast, quarterly profit jumps 17%

Southeast Asia’s largest lender DBS Group reported a 17% jump in third-quarter profit on Monday, benefiting from a high-interest rate…

HSBC’s after-tax profit surges over 135% year-on-year, announces $3 billion share buyback

HSBC’s profit after tax came in at $6.26 billion in the three months ended September, jumping 135% compared to the $2.66…

U.S. and China commercial property markets face headwinds but UOB is optimistic on Southeast Asia

Commercial real estate markets in the U.S. and China are economic pain points to monitor in a higher-for-longer rate environment,…

Asia’s edge isn’t just cheap labor, whether it’s China, India or Japan, KKR says

BEIJING — Asia’s competitive advantage was once cheap labor. Now, whether it’s China, India or Japan, the region’s edge lies…

Biden administration blacklists China firms for Moscow, Tehran drone links

The Biden administration slapped fresh trade curbs on 11 Chinese and five Russian companies Monday, targeting foreign actors seen as…

Top China, U.S. officials hold Malta talks ahead of possible Xi-Biden meeting

China’s foreign minister Wang Yi and U.S. national security advisor Jake Sullivan met in Malta over the weekend. The bilateral…