DBJ to strengthen its investment operations
The Development Bank of Japan will strengthen its investment operations as part of corporate culture reform, President and CEO Seiji Jige has indicated.
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Newest first · UTC+11:00Drone attack kills 28 at market in southern Sudan
A drone strike on a crowded market in southern Sudan killed 28 people and injured 23 more on Tuesday, a medical source and witnesses told Agence France-Presse, in one of the deadliest recent attacks on civilians in the country's three-year war.
· Yonhap
AI boom reshuffles global stock market pecking order as South Korea and Taiwan surge
A global reshuffling in stock-market hierarchy is underway, with artificial intelligence redrawing the pecking order of equity markets and propelling Taiwan and South Korea past several long-established Western bourses.
· Lee Ying Shan
Hong Kong market surge, geopolitics drive ‘fear of missing out’ among French investors
Finance chief Paul Chan says the shift is fuelled by city’s strong market performance and an improved geopolitical situation, especially following Xi-Trump summit
· Xiaofei Xu
Hong Kong market surge, geopolitics drive ‘fear of missing out’ among French investors
Finance chief Paul Chan says the shift is fuelled by city’s strong market performance and an improved geopolitical situation, especially following Xi-Trump summit
· Xiaofei Xu
(URGENT) Samsung union says it will proceed with strike Thurs.
(2nd LD) Trump arrives in Beijing for summit talks with Xi on trade, Iran, Taiwan, other topics
· Kim Han-joo
Russia seeks progress on Power of Siberia 2 pipeline during China talks
Russian President Vladimir Putin and Chinese President Xi Jinping are expected to discuss economic cooperation, energy security and geopolitical issues during talks in Beijing, amid continuing conflicts in Ukraine and the Middle East.
· Middleeasteye
India faces LPG gap of 400,000 barrels a day as energy crisis goes on
Liquefied petroleum gas cylinders inside a truck outside a gas agency in Manesar in India's state of Haryana on April 7. India faces a severe shortage of the key cooking gas. © Reuters
· SOUMYAJIT SAHA
Indonesia loses Southeast Asia’s largest stock market crown to Singapore
The city state’s equities have benefited from economic and political stability, as well as government-led market reforms
· Bloomberg
Indonesia loses Southeast Asia’s largest stock market crown to Singapore
The city state’s equities have benefited from economic and political stability, as well as government-led market reforms
· Bloomberg
Ex-Rex chairman admits hiding news of airline’s financial woes
The former executive chairman of Rex Airlines has capitulated just days into a major trial and admitted to failing to disclose the airline’s true financial state in 2023 before its ultimate collapse a year later.
· Chris Zappone
Samsung Bioepis launches first biosimilar in Japan
Samsung Bioepis said Wednesday it has launched autoimmune disease treatment SB17 in partnership with Nipro Corporation, marking the company’s first product launch in Japan and its full-scale entry into the market.
· Jeon Ji-woo
S. Korea to expand onion exports amid domestic oversupply
SEOUL, May 20 (Yonhap) -- South Korea will push for the expansion of onion exports, mainly to the Southeast Asian market, amid domestic oversupply of the vegetable, the agriculture ministry said Wednesday.
· Kim Na-young
S. Korean stock markets to close on June 3 for local elections
SEOUL, May 20 (Yonhap) -- The South Korean stock markets will be closed on June 3, the day of local elections, the bourse operator said Wednesday.
· Deok-Hyun Kim
Mark Latham’s former partner drops AVO fight in last-minute twist
Mark Latham’s ex-partner has at the last minute dropped an application for an AVO over his alleged sustained abuse, including emotional, psychological and financial manipulation.
· Clare Sibthorpe
LX Pantos joins UN women’s empowerment initiative
LX Pantos said Wednesday it had joined UN Women’s Empowerment Principles, underscoring its commitment to building a more inclusive corporate culture based on gender equality and women’s empowerment.
· Lee Han-gyoul
Finance minister highlights AI capacity building for developing nations at G7
South Korea's finance minister stressed the importance of building artificial intelligence capacity in developing countries to achieve sustainable growth during the Group of Seven finance ministers and central bank governors' meeting, his office said Wednesday.
· Yonhap
U.S. Treasurys are now firmly in the 'danger zone,' strategists say
U.S. Treasurys have entered a "danger zone" as surging long-term yields raise fears that sticky inflation and hawkish rate expectations could begin spilling over into equities and broader risk assets, said HSBC.
· Lee Ying Shan
Two Chinese supertankers leave Strait of Hormuz after months-long delay
Shipping data from the London Stock Exchange Group and Kpler showed that two Chinese supertankers carrying about 4 million barrels of crude oil from the Middle East departed the Strait of Hormuz on Wednesday after remaining in the Gulf for more than two months.
· Middleeasteye
JPMorgan exec Lorna Hajdini sues ex-banker Chirayu Rana for defamation over ‘sex slave’ allegations
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· James Franey
UN cuts global growth forecast over Mideast energy crisis
UNITED NATIONS (AP) — Responding to Middle East crises and rising oil prices, the United Nations on Tuesday lowered its forecast for global economic growth and raised the prospects for inflation this year.
· AP
SkyeChip makes Bursa debut as Malaysia bets on chip design
SkyeChip specializes in semiconductor intellectual property and custom chip design. © Getty Images
· Staff Writer
SkyeChip soars in IPO at open as Malaysia as Malaysia bets on chip design
SkyeChip specializes in semiconductor intellectual property and custom chip design. © Getty Images
· Staff Writer
SkyeChip soars in IPO at open as Malaysia bets on chip design
SkyeChip specializes in semiconductor intellectual property and custom chip design. © Getty Images
· Staff Writer
UN cuts global growth forecast amid Iran war and energy shock
The United Nations has lowered its global growth forecast for 2026 to 2.5 percent from an estimated 3 percent last year, citing rising energy costs and weaker trade linked to the US-Israel war on Iran.
· Middleeasteye
‘I’m a really good builder’: Trump in his happy place as he shows off his White House ballroom dream
Washington: At a time when his poll numbers are sagging, the economy is sputtering and the war he launched in Iran simply will not end, President Donald Trump spent Tuesday morning (US time) showing off his skills in the profession he feels most comfortable with: real estate.
· Luke Broadwater
Aussie business owners unite against PM's 'aspiration ambush'
Auto news: These are Australia's safest roads.
· Yashee Sharma
S. Korea, China's Jiangsu discuss ways to expand trade, industrial ties
South Korea's trade ministry and the government of China's Jiangsu Province on Wednesday held a joint forum aimed at promoting economic and trade cooperation between the two sides.
· Yonhap
China’s BeiDou leads GPS, other rivals across belt and road network: report
Products and services compatible with China’s navigation system have captured 58 per cent market share in countries in the trade initiative
· Carol Yang
China’s BeiDou leads GPS, other rivals across belt and road network: report
Products and services compatible with China’s navigation system have captured 58 per cent market share in countries in the trade initiative
· Carol Yang
Finance minister highlights AI capacity building for developing nations at G7
SEOUL, May 20 (Yonhap) -- South Korea's finance minister stressed the importance of building artificial intelligence (AI) capacity in developing countries to achieve sustainable growth during the Group of Seven (G7) finance ministers and central bank governors' meeting, his office said Wednesday.
· Kang Yoon-seung
Seoul shares open lower, tracking overnight US losses
South Korean stocks opened lower Wednesday as investors tracked overnight losses on Wall Street caused by rising bond yields amid inflation woes.
· Yonhap
S. Korea, China's Jiangsu discuss ways to expand trade, industrial ties
SEOUL, May 20 (Yonhap) -- South Korea's trade ministry and the government of China's Jiangsu Province on Wednesday held a joint forum aimed at promoting economic and trade cooperation between the two sides.
· Kim Na-young
Australia's soccer federation set to cut staff due to another expected financial loss
Australia’s Sam Kerr waves following the Women’s Asian Cup quarterfinal soccer match between Australia and North Korea in Perth, Australia, March 13, 2026. (AP Photo/Gary Day, File)
Kazakhstan to deepen financial services cooperation with Hong Kong, consul says
Envoy Bauyrzhan Dosmanbetov attributes growth of local Kazakhstani community to Belt and Road Scholarship programme launched in 2016
· Jeffie Lam
Kazakhstan to deepen financial services cooperation with Hong Kong, consul says
Envoy Bauyrzhan Dosmanbetov attributes growth of local Kazakhstani community to Belt and Road Scholarship programme launched in 2016
· Jeffie Lam
Webjet CEO flags ‘challenging’ environment as Virgin cuts commissions
Travellers looking for cheap flights on Webjet may find fewer airfare deals in the future after Virgin Australia slashed the commissions it pays the online travel agent to cut out the middleman and send consumers directly to the airline site to maximise sales.
· Chris Zappone
Vietnam unveils AI law regulating ChatGPT-like tools
Vietnam’s new AI law requires companies to classify risks and label content such as deepfakes. (Nikkei montage/Source photos by Yuji Nitta and Suzu Takahashi)
· LIEN HOANG
Seoul shares open higher despite overnight U.S. losses
SEOUL, May 20 (Yonhap) -- South Korean stocks opened higher Wednesday led by tech gains, despite overnight losses on Wall Street caused by rising bond yields amid inflation woes.
· Kim Han-joo
'Our business partner, Anthony Albanese': The 47 per cent tax claim going viral after the budget
LIVE, FREE and EXCLUSIVE
· Sbsaustralia
Dozens of romance scammers arrested after specialist fraud squad investigation
Dozens of suspected scammers and romance fraudsters have been arrested after specialist financial investigators uncovered organised networks of criminals operating across the UK and Nigeria.
· Tom Symonds
Chinese complaint highlights 'widespread' Indonesia business concern
President Prabowo Subianto, center, at a ceremony on May 13 in which Indonesia's forestry task force symbolically handed over $579 million in fines from companies penalized for environmental and other alleged offenses. (Photo from Indonesia's presidential office)
· NATSUMI KAWASAKI
Panic in California as LinkedIn announces hundreds of layoffs
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· Brian Gallagher
Trump order pushes banks to check customers' citizenship status
Treasury Secretary Scott Bessent speaks during a Cabinet meeting at the White House, Thursday, March 26, 2026, in Washington. (AP Photo/Alex Brandon)
· Fatima Hussein
Young drivers targeted by 'ghost brokers' selling fake car insurance online
Young drivers are being targeted by "ghost brokers" selling fake car insurance online, the finance watchdog has warned.
· Emer Moreau
Nio slams EV price wars in China as costs surge, defying cuts by rival Li Auto
Nio and Li Auto take different approach to pricing new models, with one executive praising ‘reasonable’ carmakers that raise prices
· Daniel Ren
Nio slams EV price wars in China as costs surge, defying cuts by rival Li Auto
Nio and Li Auto take different approach to pricing new models, with one executive praising ‘reasonable’ carmakers that raise prices
· Daniel Ren
US reveals case against Chinese shipping container 'cartel' after Trump-Xi summit
The four accused companies produce about 95% of the world's dry shipping containers, according to the U.S. Department of Justice. © Reuters
· PAK YIU
'We're becoming a weaker nation': Leading doctors' impassioned plea after budget hits small business
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