Tether briefly dropped to $0.993 although it quickly regained parity with the dollar. But investors continue to pull money out of stablecoins and several have lost their pegs to underlying assets.

Colombo has called in financial advisers Lazard as it prepares to renegotiate its complex web of creditors, including bilateral loans from Japan, India and China

IPO proceeds in the Asia Pacific this year up to June 14 were down 26% from last year, while the count was 31% less than 2021, while global listings are less than half of last year

UN warned that climate change is progressing exponentially and has already hit India and Pakistan particularly hard

The company’s country manager in Singapore and its senior representative in India have both left, according to current and former employees

Chief executive Augustus Tang announced the recruitment drive almost two years after the company underwent a restructuring

The US Federal Open Market Committee raised the short-term federal funds rate to a range of 1.50% to 1.75% to stem a disruptive surge in inflation

Apple supplier to focus on expansion in Vietnam, India, Indonesia and North America, after operations at its factories in China were rocked by Covid lockdowns and labour shortages

Overseas investors offloaded a combined net total of $145 million in South Korean, Thai, Indian, Indonesian and Malaysian bonds last month, data showed

The UK-based group hopes to develop the Asian Renewable Energy Hub (AREH) in northwestern Australia, with eventual capacity of 26 gigawatts of solar, wind and green hydrogen power

"It is turning into a Black Monday in Asia," Oanda wrote in a client note. "The R-word (is) now on everyone's lips" amid "a scramble to reassess Fed hiking expectations."

Shock US data on Friday showed inflation at a 40-year high of 8.6%, intensifying volatility across asset classes as investors worry about potentially faster interest-rate increases.