No one nation, whether America or China, can rule Asia

Chinese President Xi Jinping (left) and U.S. President Barack Obama take a walk before heading into their second meeting, at the Annenberg Retreat, California. Photo: Xinhua

At their California summit, President Xi Jinping and his US counterpart Barack Obama discussed a long list of disputes, from trade to climate change and cyberhacking. Both were anxious to get along and there will be only small steps forward.

Tuesday, 11 June, 2013, 1:44am

Study finds Europe, Asia shared common language 15,000 years ago

Languages spoken by billions of people across Europe and Asia are descended from an ancient tongue uttered in southern Europe at the end of the last ice age, according to research. The claim, by scientists in Britain, points to a common origin for vocabularies as varied as English and Urdu, Japanese and Itelmen, a language spoken along the northeastern edge of Russia.

8 May 2013 - 4:04am

Move fast when overheating hits, IMF warns Asia

The IMF says Asia will lead a three-speed global recovery.

Asian policymakers must be ready to respond "early and decisively" to overheating risks in their economies stemming from rapid credit growth and rising asset prices, the International Monetary Fund said.

30 Apr 2013 - 5:18am 1 comment

Growth forecast to rise in emerging Asia

Pork prices could rise on the mainland this year, adding to what the ADB says are growing regional inflationary pressures. Photo: Reuters

Growth in developing Asia will accelerate this year, thanks to a recovery in the mainland's economy and robust expansion in Southeast Asia, but governments should ward off capital inflows to avoid stoking inflation, the Asian Development Bank says.

10 Apr 2013 - 3:27am

Fractious Asia risking conflict over resources

Russia and China signed agreements on the main terms of crude oil delivery to China and on strategic cooperation in the fields of geological exploration, production and realisation of hydrocarbons. Photo: EPA

Competition for strategic natural resources - including water, mineral ores and fossil fuels - has always played a significant role in shaping the terms of the international economic and political order. But now that competition has intensified, as it encompasses virtually all of Asia.

9 Apr 2013 - 6:05am

Japanese companies must adapt to a changed Asia

Japanese companies must adapt to a changed Asia

Japanese interest in South and Southeast Asia is surging for both economic and political reasons. Yet, while welcome by many in the region, the reasons for this renewed focus must be considered. There are also new factors that the Japanese must look at and adapt to. Otherwise, expectations from both sides will be frustrated.

9 Apr 2013 - 3:36am

Credit Suisse trains sights on Asia's growing wealth

Urs Rohner, chairman of Credit Suisse. Photo: May Tse

Credit Suisse, the second-largest bank in Switzerland, will focus on developing its wealth management and investment banking businesses in Asia in the next few years to tap the region's rapidly growing prosperity.

8 Apr 2013 - 3:17am

Gillard leads delegation to Beijing in bid to put Australia at centre of Asia

Australian Prime Minister Julia Gillard

Australian Prime Minister Julia Gillard will lead a heavyweight team to China today touting not just better ties and trade but also the ambition of putting Asia at the heart of Australia's future.

"I'll be leading the most senior Australian political delegation ever to visit China," Gillard told foreign correspondents on the eve of her departure.

5 Apr 2013 - 4:38am 1 comment

HSBC turns Asian loan clients into junk bond issuers

HSBC led sales of Asian junk bonds in 2012. Photo: Bloomberg

Europe's largest bank managed US$5.3 billion of high-yield debt globally in the first quarter, moving up to 10th place after ranking 13th in the previous three full years, data shows. HSBC led junk bond underwriting in Asia, excluding Japan, last year and says 12 of its 19 deals came from commercial bank clients, or 58 per cent of the US$2.3 billion it managed in US dollars, euro and yen. Last week, it handled offerings by Citic Pacific and Sunac China.

4 Apr 2013 - 3:35am

Bankers ride boom in social enterprises

En Lee, director of Impact Investment Exchange Asia. Photo: Jonathan Wong

Putting private capital to public service is booming in Asia, and some investment bankers are quitting their high-profile jobs to support "clean and green" enterprises.

25 Mar 2013 - 3:37am

Asian exports to fuel orders for big container ships

Ocean carriers such as Orient Overseas Container Line are set to place orders for more mega box carriers. Photo: Bloomberg

Growing exports, particularly from China and Southeast Asia, will fuel a boom in international container shipping volumes in the next four years, shipping experts said yesterday.

But while ocean carriers such as Orient Overseas Container Line are set to place orders for more mega box carriers, they are expected to find trading conditions difficult, the experts added.

13 Mar 2013 - 4:41am

Estee Lauder eyes big Asian expansion as mainland China sales roar

William Lauder, the chairman of Estee Lauder, says Hong Kong and mainland China are very important markets to the cosmetics company. Photo: Jonathan Wong

Estee Lauder, one of the world's largest cosmetics firms, plans to hire thousands more staff over the next seven years in Asia as it opens many more stores across the region.

The New York-listed company's global chairman, William Lauder, said that by 2020, the firm plans to hire several thousand more staff in Asia, where he believes it can achieve annual sales growth of 8 per cent.

13 Mar 2013 - 4:41am

The women of Asia's family-owned business are coming into their own

Breaking free

It is one of the ironies of Asia’s astonishing leap into modernity that it has been largely driven by one of the oldest ownership structures on the planet, the family firm, founded by men – and they are nearly all men – most of whom are or were deeply imbued with traditional Confucian precepts of filial duty, harmony and clearly defined gender roles.

8 Mar 2013 - 3:48am

Ang Lee's Oscar shows Asian cinema has come of age

Ang Lee holds his award for Best Director for 'Life of Pi' at the 2013 Vanity Fair Oscars Party. Photo: Reuters

Taiwanese filmmaker Ang Lee competed against the likes of Steven Spielberg and won his second Oscar for best director for Life of Pi. While he was not the hands-down favourite, his victory was not a complete surprise, either. With Lee, Asian cinema has come of age.

27 Feb 2013 - 4:55am 3 comments

Abe and Obama must reassure Asia of their agenda for peace and growth

Abe and Obama must reassure Asia of their agenda for peace and growth

What should Shinzo Abe say to Obama as both begin their new terms in office? What do other Asians hope the two long-standing allies will focus on? The expectation - or fear - is that the conversation will turn to the other Asian giant not in the room: China.

18 Feb 2013 - 1:55am