US targets global sanctions evasion network supporting Russia

WASHINGTON, Feb 1 (Reuters) – The United States on Wednesday imposed sanctions on 22 individuals and entities in multiple countries that it accused of being tied to a global sanctions evasion network supporting Russia’s military-industrial complex. The sanctions, which come as Washington looks to increase pressure on Moscow over its invasion of Ukraine, are part … Read more

Philippines grants US greater access to bases amid China concerns

Philippines, US agree to add four locations under EDCA The agreement comes amid tensions in the South China Sea, over Taiwan EDCA allows US access to Philippine military bases MANILA, Feb 2 (Reuters) – The Philippines has granted the United States expanded access to its military bases, the countries said on Thursday, amid mounting concern … Read more

Asian shares jump, dollar eases after Powell comments

SINGAPORE, Feb 2 (Reuters) – Asian stocks jumped on Thursday while the dollar eased after Federal Reserve Chair Jerome Powell said a “disinflationary” process was underway, boosting risk appetite and hope that the US central bank will soon end its monetary tightening streak. MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was 0.84% ​​higher, … Read more

Myanmar junta extends emergency as coup anniversary marked by ‘silent protest’

Junta extends state of emergency, says elections must be successful ‘Current situation is under unusual circumstances,’ acting president says Streets deserted in some Myanmar cities for silent protest Protesters hold rallies in Thailand and the Philippines Feb 1 (Reuters) – Myanmar’s junta extended the country’s state of emergency by another six months, the acting president … Read more

Adani abandons $2.5 billion share sale in big blow to Indian tycoon

NEW DELHI, Feb 1 (Reuters) – Gautam Adani’s flagship firm called off its $2.5 billion share sale in a dramatic reversal on Wednesday as a rout sparked by a US short-seller’s criticisms wiped billions more off the value of the Indian tycoon’s stocks. The withdrawal of the Adani Enterprises (ADEL.NS) share offering marks a stunning … Read more

Stocks firm, dollar on edge ahead of Fed decision

US wage growth moderates, Wall Street rallies MSCI AxJ index up 0.6%; dollar flat All eyes on 1900 GMT Fed announcement SINGAPORE, Feb 1 (Reuters) – Asia’s stock markets steadied on Wednesday, with signs of a slowdown in US wages bolstering hopes that the Federal Reserve could hint at an end to interest rate hikes … Read more

Two years on, Myanmar coup takes a ‘catastrophic toll’

Jan 31 (Reuters) – Two years after Myanmar’s military coup, a young factory worker turned resistance fighter mourns the loss of his leg in battle. A former diplomat has not seen his family in four years. A beauty queen adjusts to a new life in wintry Canada. And an exiled teacher dreams of returning to … Read more

For ASEAN countries, IMF sees slower global growth outweighing China reopening

SINGAPORE, Jan 31 (Reuters) – The International Monetary Fund’s chief economist said on Tuesday that Singapore and other Southeast Asian economies are seeing downgrades to their 2023 growth outlooks because slowing global growth will outweigh the positive impact from China’s economic reopening. Pierre-Olivier Gourinchas told a news briefing on the IMF’s latest global growth forecasts … Read more

Asia shares turn cagey as rate hikes, earnings loom

https://tmsnrt.rs/2zpUAr4 Fed seen hiking 25bp this week, ECB and BOE by 50bp Tech giants lead host of earnings results China shares up as holiday travel surges SYDNEY, Jan 30 (Reuters) – Asian shares turned cagey on Monday ahead of a week that is certain to see interest rates rise in Europe and the United States, … Read more

In Beijing’s backyard, the US demonstrates its military might

ABOARD THE NIMITZ, South China Sea, Jan 27 (Reuters) – Over a few hours under gray skies, dozens of combat planes and helicopters roar on and off the flight deck of the aircraft carrier Nimitz, in a demonstration of US military power in some of the world’s most hotly contested waters. MH-60 Seahawk helicopters and … Read more