Asian companies’ earnings have been downgraded for the first time in 16 months, data shows, on concerns over slowing growth in China and on worries that higher inflation and supply chain disruptions would weigh on profits. According to Refinitiv IBES estimates data, MSCI Asia-Pacific companies’ earnings estimates for the next 12 months have been cut…
Analysts Cut Asia’s Corporate Earnings Estimates on Growth Concerns
October 21, 2021
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IClick Interactive Asia Shares Pop On Higher Takeover Offer
iClick Interactive Asia Group Ltd. revealed receipt of another takeover offer dated October 13 from Infinity Equity Management Co. Ltd via special purpose vehicle (SPAC) at $7.50 per ADS in cash. The offer price represents a premium of 15% to the October 15 closing price of $6.50. iClick is an independent online marketing and enterprise…
Asian Stock Markets Jittery as China Evergrande Woes Sap Confidence
September 24, 2021
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Asian shares were on edge on Friday (Sept. 24) hurt by persistent uncertainty around the fate of debt-ridden China Evergrande, even as more risk appetite drove gains for Wall Street and U.S. benchmark Treasury yields. Hong Kong markets opened slightly down with its benchmark Hang Seng Index starting Friday’s trade at 24,487.24 dipping 0.1 percent….
With Eye on China, Pentagon Chief Heads to Southeast Asia
July 27, 2021
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U.S. Defense Secretary Lloyd Austin became the first member of President Joe Biden’s cabinet to visit Southeast Asia this week, seeking to emphasize the importance Washington places on fortifying ties in the region while pushing back against China. Austin arrived in Singapore on Tuesday at the start of his southeast Asia tour. He was greeted…
US Marines in Aussie Top End Ready for Action
With more than 2,000 U.S. Marines in Australia’s north, commander USMC Colonel David Banning said the force isn’t just in the Top End to train, it’s ready for action. The declaration comes as Defence Minister Peter Dutton hints that while maintaining peace is a “first priority,” the visiting Darwin-based force could soon swell amid growing…
Crews Make Progress on Months-Long Cargo Ship Backlog at LA Ports
June 3, 2021
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The twin ports of Los Angeles and Long Beach are seeing progress in reducing one of the worst backlogs of container ships in history waiting in the San Pedro Bay. As of June 1, there were 11 container ships at anchor in the bay waiting to reach port terminals, which is 10 ships less from the last report May 28. It signals a major decrease and the lowest amount of…
US, Japan Express Concern Over China’s ‘Coercion and Aggression’ on First Asia Trip
March 16, 2021
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TOKYO—U.S. Secretary of State Antony Blinken warned China on Tuesday against using “coercion and aggression” as he sought to use his first trip abroad to shore up Asian alliances in the face of growing assertiveness by Beijing. China’s extensive territorial claims in the East and South China Seas have become a priority issue in an…
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