OTTAWA—Canada’s foreign affairs minister says she plans to travel to Asia and elsewhere for some first-hand research before she releases the government’s much-anticipated new policy on China. Foreign Affairs Minister Melanie Joly also says she wants to strengthen a Canada-led international convention that condemns arbitrary detention—or hostage diplomacy—so that it has more teeth. Joly told…
Foreign Affairs Minister Melanie Plans Asia Travel Before Tabling New China Strategy
Blackstone, Goldman Sachs Expanding Footprint in Asia
Blackstone and Goldman Sachs are looking to increase their investment presence in Asia, the companies confirmed. In a fourth-quarter conference call last week, the world’s largest alternative asset manager confirmed that it has gathered $11 billion to acquire companies in Asia following its second private-equity fund for the continent. It raised $6.4 billion and will…
Asian Shares Skid as Rising US Yields Hit Tech Stocks
HONG KONG—Asian stocks fell on Wednesday as higher U.S. Treasury yields weighed on global tech firms and pushed the dollar to a five-year high against Japan’s yen. U.S. yields rose on Tuesday as bond investors geared up for interest rate hikes from the Federal Reserve by mid-year to curb stubbornly high inflation. The shift in…
European Shares Mixed, Asia Slips on Omicron Worries
TOKYO—European benchmarks opened mixed, with London’s FTSE 100 at nearly a two-year high, after Asian shares mostly finished lower Wednesday. France’s CAC 40 edged up 0.1 percent in early trading to 7,190.22, while Germany’s DAX slipped 0.2 percent to 15,935.45. Britain’s FTSE 100 rose 1.1 percent to 7,449.16—its highest level since February 2020, amid optimism…
US Recommends Approving Google, Meta Undersea Data Cable to Asia
WASHINGTON—The Biden administration on Friday recommended Alphabet’s Google and Facebook parent Meta get permission to use an undersea cable system to handle growing internet traffic with Asia. The administration urged the Federal Communications Commission (FCC) to grant licenses for the companies to send and receive data on the existing 8,000-mile Pacific Light Cable Network. The…
Omicron Threatens Asia Oil Demand Just as Pricing Favours Atlantic Crude
December 7, 2021
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LONDON—Recent shifts in the relative price of different crude grades have dealt oil exporters from the vast Atlantic Ocean basin the best chance in months to sell to top consuming region Asia, but sales have been sluggish as COVID-19 fears cool demand. The Omicron coronavirus variant has curbed oil consumption in Asia just as U.S….
Top US Diplomat for Asia to Visit 4 ASEAN Countries
WASHINGTON—The top U.S. diplomat for East Asia will visit Indonesia, Malaysia, Singapore, and Thailand from the weekend after President Joe Biden pledged stepped up engagement with Southeast Asia, a key battleground in his contest for influence with China. Daniel Kritenbrink, the assistant secretary of state for East Asia, will be in the region from Saturday…
Supply Constraints Jeopardize Apple’s Christmas Season In Asia: Nikkei Asia
Apple Inc. will not be able to deliver new iPads in time for Christmas in critical Asian markets due to supply constraints, the Nikkei Asia reports. The Philippines consumers ordering one of the most popular iPad models (Space Grey with 256 GB and WiFi) on Nov. 22 will have to wait until Jan. 14 for…
China’s Nuclear Expansion Increases Risk of Regional Conflict: Experts
China’s ruling regime could be more willing to engage in international coercion and armed conflict in East Asia due to its efforts to reach nuclear parity with the United States, according to foreign affairs experts. This is because the United States and China are entering a state of “mutual nuclear vulnerability,” according to Caitlyn Talmadge,…
Little Boy Gives Adorable Performance of Japanese Traditional Dance
Great little dancer and not shy about it. It’s great that he gets to know his heritage at such a young age.
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