East Asia

East Asia News

  • Western Asset Sees Dollar Debt Buybacks Ahead on Falling Yields

    Chinese property developers with the option to repurchase dollar-denominated bonds later this year may opt to do so amid falling yields, according to Western Asset Management Co.

  • RBC Joins Goldman in Suing Clients After Singapore Crash

    Royal Bank of Canada sued three private wealth clients in Singapore, joining companies including Goldman Sachs Group Inc. seeking money owed by customers after an October stock rout.

  • Citic Bank Joins Chalco Marketing Debt as Asia Risk Falls

    China Citic Bank International Ltd. and Aluminum Corp. of China Ltd. are marketing sales of dollar- denominated securities with no fixed maturity as bond risk in Asia slides to the lowest in almost seven months.

  • Al Masah Capital to Set Up $100 Million IPO Investment Fund

    Al Masah Capital Management Ltd. is setting up a fund to invest in the increasing number of initial public offerings from companies in the Gulf Cooperation Council and South East Asia, Chief Executive Officer Shailesh Dash said.

  • Bank of East Asia Signs RMB E-Payment Pact in Shanghai FTZ

    Bank of East Asia Ltd. said it has signed an agreement with Shanghai Shengpay e-payment Service Co. to provide cross-border electronic payment services. * Bank of East Asia to become first foreign bank to provide cross-border electronic renminbi payment services in Shanghai’s pilot free-trade zone, the company said in a press release today * the pact will enable Bank of East Asia to further develop its international trade payment and cross-border RMB settlement business * China’s banking regulator also recently approved the bank’s Shanghai free-trade zone sub-branch to conduct personal banking business, the release said.

  • Asia Developing Economies to Grow at Slower Pace on China

    Developing East Asian economies will grow slower than forecast this year as China’s expansion moderates and political upheaval weighs on Thailand’s outlook, the World Bank said.

  • Singapore Stock-Trade Probe Seen as Test of Credibility

    Singapore’s investigations into suspected stock-trading irregularities at three commodity companies whose shares plunged in October are seen as a test of credibility for Southeast Asia’s biggest equities market.

  • Pentagon Aiding Allies on Cybersecurity in Gulf to Asia

    The Pentagon is working with a dozen countries, including allies in the Persian Gulf region and east Asia, to bolster the cybersecurity of their militaries and build a collective defense against attacks.

  • Wartime Sex Slaves Ask Abe to See Scars to Prove Japan Abuse

    Yi Ok Seon, an 86-year-old survivor of Japan’s wartime use of sex slaves, rolled up her trouser cuff to reveal the scar that she said Japanese Prime Minister Shinzo Abe should come to South Korea to see.

  • North Korea Fires Missile as Obama Meets With Abe-Park

    North Korea fired two ballistic missiles capable of reaching both Japan and South Korea as President Barack Obama hosted the first meeting between the leaders of the U.S.’s biggest Asian allies.

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