US Treasury has imposed sanctions on an Indian petrochemical firm and groups in the UAE and Hong Kong for secret deals that funded the shipping of Iranian oil products to South and East Asia

Asian markets had a mixed day on Friday with most markets down, bar India. Overall, equity investors experienced their worst month since the onset of the Covid-19 pandemic

The semiconductor shortage, which forced some carmakers to halt production, put a spotlight on chip powerhouse Taiwan and made supply chain management a priority for governments

Mergers and acquisitions involving firms in China have sunk by a third this year, in line with a global decline, but private equity groups are now eyeing possible deals in India and SE Asia

Management measures are enough to ensure market stability if there were large capital outflows, central bank governor Yang Chin-long said

It was all about currencies again on Thursday as the soaring US dollar continues to hammer the yen, yuan and pound

The country's arms exports are expected to top $10 billion this year, nearly triple the sales from 2020, Nikkei said

The ADB has already agreed an emergency loan of $200 million to ensure access to food and protect livelihoods in Sri Lanka

Covid restrictions have disrupted China's supply chains, industrial and services production, domestic sales and exports, the World Bank said

Before the pandemic Philippine offshore gambling operators, or POGOs, employed more than 300,000 Chinese workers

Kwon faces allegations of defrauding customers, having lost $40 billion of investors' money after his firm Terraform collapsed earlier this year, TechCrunch said.

The decision came after Hong Kong banks raised their best lending rate by 12.5 basis points on Thursday