Asia-Pacific

The region’s local-currency bond markets are surging, fueled by US dollar concerns, investor demand—and the “greenium.”

Foxconn’s shift toward US production is also in line with the US government’s broader efforts to develop a supply chain that is more resilient and less reliant on other markets. 

PhonePe is fast becoming a distribution engine, leveraging the large base of 450 million registered users to cross-sell products such as insurance, lending and other services.

Sri Lanka’s perfect storm of economic disaster started with the Covid-19 pandemic and years of government nepotism, corruption, and economic mismanagement ultimately led to a $50 billion default on foreign loans.

While the US effort to cut China out of the global semiconductor industry is driven by national security concerns, the effort has consequences for semiconductor companies that produce civilian products.

Indian companies continue to do business with Russian banks using non-dollar currencies and channels outside of the Western financial system.

While China's population is starting to shrink, Vietnam's is growing in tandem with the economy.

Li Qiang's lack of governing experience might be the very reason China's President Xi Jinping elevated him to such a powerful position.

Kazuo Ueda will have his plate full when he takes over in the spring, with the market keen to see whether—and how soon—he will deviate from his predecessors controversial policies.

Despite Adani Group’s denial of wrongdoing and debt prepayment in a couple of companies, banks and investors were not reassured.

China aims to challenge the Airbus-Boeing duopoly, an objective that was unthinkable a few years ago.

Malaysia's tenth Prime Minister Anwar Ibrahim has gone from politics to jail and back to politics again.

Multiyear tax disputes with multinational companies have damaged India's business-friendly reputation.

The Reserve Bank of India will issue and redeem the eRupee and the commercial banks will manage the distribution and payment services.

Global Finance announces the best private banks in the Asia-Pacific region.

Indonesia’s power sector emissions will peak by 2030 and reach net zero by 2050, about a decade ahead of schedule.

Chinese President President Xi Jinping emphasized security over economic growth at the recent 20th Communist Party Congress.

The yen fell to its lowest level against the dollar in 32 years as the Bank of Japan continues to keep interest rates near zero while central banks around the world are raising rates to fight rising inflation.

Scores of semiconductor companies are going out of business in China despite the government's drive to boost the sector.

Onewo hopes to raise up to $783.5 million with its IPO, but the overall state of China’s real estate market could undermine investor appetite.