Asia Crisis Veteran Says This Emerging Market Selloff Is Different

Asia Crisis Veteran Says This Emerging Market Selloff Is Different

Paul Gruenwald was working on the International Monetary Fund’s Argentina team just after Christmas in 1997 when he was told to get on a plane and head to Seoul. He arrived in South Korea to find a country in shock as the Asia financial crisis raged. That was then. These days Asia is the biggest […]

Asia markets narrowly mixed as investors watch for trade; euro holds gains

Asia markets narrowly mixed as investors watch for trade; euro holds gains

MSCI’s index of shares in Asia Pacific excluding Japan gained some ground, trading 0.09 percent higher in Asia morning trade. Markets in South Korea were closed on Wednesday. Stateside, the Nasdaq composite touched a record high of 7,644.48 during the session before finishing the day up 0.41 percent at 7,637.86, its second record close in […]

Stocks Extend Gain on Growth Outlook; Dollar Drops: Markets Wrap

Stocks Extend Gain on Growth Outlook; Dollar Drops: Markets Wrap

U.S. equity futures and European stocks advanced on Monday, tracking peers in Asia as optimism over the world’s largest economy helped investors put protectionist fears to one side. Treasuries were steady, the dollar fell, and the pound and euro rose. The Stoxx Europe 600 Index climbed as almost every industry group traded in the green, […]

Asia Sees China, and U.S., as Threats to Rules-Based Order

Asia Sees China, and U.S., as Threats to Rules-Based Order

For many U.S. allies, Secretary of Defense James Mattis is the last of the Trump administration’s so-called grownups in the room. So at Asia’s main annual security forum he got a warm reception for his firm defense of the rules-based order the U.S. helped to build after World War II. Increasingly, though, Mattis’s reassurance is […]

Defence ministers stress centrality of Asean in region, Asia News & Top Stories

Defence ministers stress centrality of Asean in region, Asia News & Top Stories

Three Asean defence ministers struck distinct but complementary notes while discussing the “Indo-Pacific” construct and the idea of Asean’s centrality within it. Defence ministers from Indonesia and Vietnam were asked how their national defence policies fit within the Indo-Pacific strategies outlined by Indian Prime Minister Narendra Modi and United States Defence Secretary James Mattis in […]

Mattis Says U.S. Remains Committed to Allies in Asia

Mattis Says U.S. Remains Committed to Allies in Asia

SINGAPORE—Defense Secretary Jim Mattis sought Saturday to reassure allies in the Asia Pacific of America’s commitment to the region, amid concerns about U.S. reliability after the Trump administration imposed tariffs on its top trading partners. Speaking at the Shangri-La Dialogue, a regional security conference here, Mr. Mattis said the U.S. remains committed to maritime security […]

SE Asia said to be losing maritime ‘arms race’

SE Asia said to be losing maritime ‘arms race’

Ben Bland in Singapore June 1, 2018 Print this page South-east Asian nations are locked in a losing “arms race” with Beijing in the South China Sea and must seek compromises or risk a conflict they cannot win, according to Philippines defence minister Delfin Lorenzana. “They can come and go in our West Philippine Sea […]

Asia Minute: India and Indonesia’s Developing Strategic Partnership

Asia Minute: India and Indonesia’s Developing Strategic Partnership

As you’ve been hearing on NPR, there’s a lot of attention swirling around a potential summit meeting between President Trump and North Korean leader Kim Jong Un. But another top-level meeting in Asia this week may also have significant strategic importance. HPR’s Bill Dorman has more in today’s Asia Minute. India and Indonesia appear to be […]

Asia Stocks Rebound as Italy Woes Abate; Yen Gains: Markets Wrap

Asia Stocks Rebound as Italy Woes Abate; Yen Gains: Markets Wrap

Asian stocks rebounded at the open on Thursday after U.S. shares rallied with Treasury yields as investors saw the market reaction to Italy’s political turmoil as overdone. The dollar held losses and oil stabilized following gains. Shares rose in Japan, Australia and South Korea, and futures signaled gains in Hong Kong. The S&P 500 Index […]