BANGKOK—Stocks were mostly lower in Asia on Wednesday after new U.S. data showed inflation is still running high, putting a spotlight on what action the Federal Reserve will take as it holds its last meeting of the year. Tokyo’s Nikkei 225 index edged 0.1 percent higher to 28,459.72 and the Kospi in Seoul was nearly…
Asian Shares Shed Gains Ahead of Fed Policy Statement
China Expands Its Influence in South Asia
News Analysis China’s main adversary in South Asia is India. Beijing is focused like a laser beam on reducing New Delhi’s influence in the region. The two countries have fought several recent military skirmishes and also a border war in 1962 over disputed territory in the Himalayan Mountains and the Seven Sister States of northeast…
Netflix Slashes India Prices in Battle With Disney, Amazon
MUMBAI—Netflix slashed on Tuesday the prices of its streaming services in India, for the first time since launching five years ago in the South Asian nation, as it moves to better compete with fierce rivals Disney and Amazon. The streaming giant cut prices by 60 percent, to 199 rupees ($2.62) a month, for its basic…
Gunmen Kill 2, Injure 12 in Attack on Police Bus in Kashmir
SRINAGAR, India—A gun attack in Indian-controlled Kashmir on Monday killed two police and wounded a dozen others, police said, hours after government forces killed two militants in a brief shootout. Gunmen sprayed with bullets a bus carrying police on the outskirts of Srinagar, the region’s main city, wounding fourteen officers, the police said in a…
Low-Income Women in India Hit Harder by COVID-19: Study
COVID-19 has punctured the livelihood of the poor in India, especially low-income women, most of whom are either deserted, widowed or shouldering the burden of care for their children, the old, and the sick. The scenario was more evident in rural India, where their mobility and social interactions within the community was impeded by male…
Alliances Shifting in South Asia: India-US Versus China-Pakistan
News Analysis India is preparing to fight a war on two fronts, while Pakistan is discovering that the cost of the China-Pakistan Economic Corridor (CPEC) includes crippling debt, loss of U.S. alliance, and potential conflict with India. In 2018, the World Bank warned countries participating in China’s Belt and Road Initiative (BRI) that the project…
Global Stocks Follow Wall Street Lower Before US Inflation Data
BEIJING—Global stock markets declined Friday ahead of U.S. inflation data that might influence a Federal Reserve decision on when to roll back economic stimulus. London and Frankfurt opened lower. Shanghai, Tokyo, and Hong Kong retreated. Fed officials, due to meet next week, have said plans to wind down bond purchases and other stimulus that is…
Malaysia Donates 800,000 AstraZeneca Vaccines to Bangladesh and Laos
The Malaysian government announced that it would send nearly 1 million AstraZeneca vaccine doses to Bangladesh and Laos. The vaccines would arrive in both countries on Dec. 6 and Dec. 8, respectively, reported Bernama. Health Minister Khairy Jamaluddin said the contribution would ensure both countries have equal access to COVID-19 vaccines amid the growing spread of…
India’s Commander of Defense Staff Dies in Chopper Crash
NEW DELHI—Condolences poured in from around the world after India’s first Commander of Defense Staff (CDS), Gen. Bipin Rawat, died along with his wife and 11 others in a helicopter crash on Dec. 8 in the southern Indian state of Tamil Nadu. Rawat was a four-star general who assumed office on Jan. 1, 2020. While…
Putin’s Brief Visit to New Delhi Brings Greater Meaning to Indo-Russian Relations: Experts
NEW DELHI—Russian President Vladimir Putin’s visit to India on Dec. 6 shows India and Russia consider their foreign policy engagements significant in a changing world order, experts say. The brief Monday summit between Putin and Indian Prime Minister Narendra Modi took place hours after the inaugural 2+2 dialogue between the foreign and defense ministers of the two…
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