Maryam Nawaz Sharif, the chief minister of Pakistan's Punjab province, with Thomas G. Tsao, the co-founder and chairman of Gobi Partners, at an event in Shanghai on Dec. 12. (Photo by Wataru Suzuki)
Finance

Gobi launches $50m venture capital fund for Pakistan startups

Pan-Asian investor bets on Beijing-Islamabad ties and nascent e-commerce

12 December 2024
Eureka Robotics CEO Pham Quang Cuong spun off the company from Singapore's Nanyang Technological University. (NTU)
Startups

Singapore robotics startup pushes U.S., Japan foray with new funding

Eureka raises $10.5m from Facebook co-founder's B Capital and others

12 December 2024
A consumer shops in a New York City supermarket.
Economy

U.S. consumer prices edge up in November, largest gain in 7 months

0.3% monthly rise seen unlikely to prevent expected Fed rate cut next week

11 December 2024
With Japanese stocks notching solid gains, U.S. stocks have been on a tear. (Source photos by Toshiki Sasazu and Nanami Sato)
Equities

Japan NISA investors continue to prefer U.S. and global equities

Individuals shifting out of savings lose their appetite for Indian stocks

11 December 2024
Kasikornbank is working with a Japanese company to develop a stablecoin remittance service.(Photo by Yuki Kohara)
Cryptocurrencies

Thai banks join stablecoin rush with eye on migrant worker remittances

Kasikornbank, SCBX offer fast, cost-cutting payment services

11 December 2024
A person dressed as Santa Claus passes by images of South Korean President Yoon Suk Yeol: Local stock investors are jittery following an abortive declaration of martial law last week.
Equities

South Korean retail investors dump stocks amid political crisis

Domestic shareholders 'more jittery'; foreign investors 'very calm': BNY

10 December 2024
Nippon Life Insurance already owns 23% of Resolution Life and will pay for the new shares with cash on hand. (Photo by Rie Ishii)
Business deals

Japan's Nippon Life to acquire Resolution Life of U.S. for $8.2bn

Deal to go down as biggest acquisition by a Japanese insurer

10 December 2024
FPT looks to use funding from SBI to set up data centers in Japan with Nvidia chips. (Source photos by Nikkei and Reuters)
Finance

Vietnam's FPT eyes investment from SBI in Japan AI data center business

Japanese financial institution would support cloud services with Nvidia chips

10 December 2024
Orix's incoming president, Hidetake Takahashi, speaks with reporters Dec. 9 in Tokyo. (Photo by Yutaka Miyaguchi) 
Finance

Japan's Orix taps energy chief as first new president in 14 years

Takahashi boasts wide-ranging resume including real estate finance

10 December 2024
Following Donald Trump's win in the U.S. presidential election in early November, SGX's benchmark Straits Times Index rose to 17-year highs. (Nikkei montage/Source photo by Reuters)
Trading Asia

Singapore outruns Hong Kong in 'Trump trade' stock rally

ST Index bests Hang Seng as investors eye 'havens'; South Korean stocks fall further

9 December 2024
The Bank of Thailand's Naphongthawat Phothikit. (Photo by Aiko Munakata)
Finance

Asian cross-border payment framework to launch in '2 or 3 years'

Thai central bank executive says five-nation project will boost convenience

9 December 2024
People protest during a candlelight vigil in Seoul on Dec. 5, calling for the resignation of South Korean President Yoon Suk Yeol.
Markets

South Korea's political fiasco still weighing on stocks, currency

Country's assets had already been weak; next year's economic outlook dim

9 December 2024
BNY CEO Robin Vince says all big organizations require constant efforts for efficiency. (Photo by Tokuyuki Matsubuchi)
Interview

BNY chief backs Trump's efficiency push

'There is inefficiency in most big organizations,' says Robin Vince

8 December 2024
Many activist investors continue to prioritize shareholder returns, due to the significant internal reserves held by Japanese companies.
Equities

Shareholder activism boosts Japanese stocks, but only for 18 months

Investments drive higher returns at the cost of limited ROE growth

8 December 2024
Some capital market players in China want regulators to give insurers more freedom to invest abroad in light of the country's low interest rates and weak equities market. 
Bonds

China benchmark bond yield's new low rattles local insurers

Players call for more investment channels to offload risks

6 December 2024
An illustration featuring U.S. President-elect Donald Trump holding Bitcoin is displayed outside a cryptocurrency exchange store in Hong Kong after Bitcoin soared above $100,000 on Dec. 5.
Cryptocurrencies

Bitcoin cracks $100,000 as Asia's crypto bulls rejoice

Milestone marks dramatic reversal in fortunes since digital assets' COVID crash

5 December 2024
People in Seoul  on Dec. 4 watch a TV screen broadcasting a news report on South Korean President Yoon Suk Yeol's declaration and subsequent lifting of martial law.
Equities

South Korean stocks fall 2% after martial law showdown

Short-term volatility expected to rise, confidence in the economy could be hit

4 December 2024
BlackRock is set to buy private credit firm HPS Investment Partners for about $12 billion in an all-stock deal.
Business deals

BlackRock targets private credit growth with $12bn HPS acquisition

World's largest asset manager looks to expand in rapidly growing market

4 December 2024
Nomura Securities is grappling with alleged crimes by a former employee along with a market manipulation scandal. (Photo by Yutaka Miyaguchi)
Finance

Nomura execs give up pay after employee allegedly tried to kill clients

Brokerage scrambles to regain trust amid scandals at Japan financial institutions

4 December 2024
GPIF has been dubbed the "whale" for its outsize market presence, with more than 240 trillion yen in assets under management as of March 31. (Photo by Akira Inujima)
Finance

Japan eyes higher return target of 1.9% for GPIF pension fund

Analysts say proposal could lead to more Japanese stocks in portfolio

3 December 2024
Saudi Arabia is seeking to diversify its oil-dependent economy under the Saudi Vision 2030 initiative.
Finance

SBI to launch Saudi Arabia's first Japanese equity fund

Japan financial group taps Middle Eastern appetite for overseas assets

3 December 2024
Daiwa Securities Group is making a broader play for growth in Southeast Asia. (Photo by Ken Kobayashi)
Interview

Daiwa Securities targets rich Japanese expats with new Thailand office: CEO

Japanese group also aims to cater to more high-net-worth Chinese clients in Hong Kong

3 December 2024
DMM Bitcoin has struggled since the fraud incident in May. (Photo by Takanobu Aimatsu)
Cryptocurrencies

Japan crypto exchange DMM Bitcoin set for liquidation

SBI Group to acquire the assets after $320m fraud curtailed DMM's services

2 December 2024
Neurberger Berman will offer regular management advice to the startups that it invests in. (Konatsu Ochi)
Finance

U.S. firm Neuberger Berman to offer fund with unlisted Japan shares

Startups will be able to tap crucial financing before IPOs

1 December 2024
The interest in the alternative investment space highlights the difficulty in securing returns from investing in conventional assets, such as equities. (Photo by Yo Inoue)
Finance

More U.S. private credit lenders target Japan market

'Middle market' emerges as arena for alternative investors like Golub, Ares

29 November 2024
Sri Lankan President Anura Kumara Dissanayake (front center) and Prime Minister Harini Amarasuriya (front, second from right) pose with newly appointed cabinet ministers in Colombo on Nov. 18, days after a landslide electoral victory for the anti-establishment National People's Power party.
Policy Asia

Sri Lanka turns to untried leftists to lead break from poverty, strife

Voters place faith in Dissanayake's NPP debutants to cure economy and ethnic tensions

29 November 2024
MUFG plans to launch a takeover bid for WealthNavi, which provides automated investment advice based on customers' answers to a few questions and then buys the recommended assets for them. (Source photos by Nikkei)
Business deals

MUFG to launch takeover bid for robo-adviser WealthNavi

Megabank intends to better compete as Japanese depositors turn to investing

29 November 2024
SBI Shinsei Bank is looking to form long-term relationships with younger customers. (Photo by Katsuji Kamei)
Finance

Japan's SBI Shinsei Bank triples interest rate for young depositors

Lender will offer those 28 and younger 0.3% rate attract future borrowers

29 November 2024
Markets are pricing in a 65% chance of a Fed rate cut in December and a 58% chance of one happening in January, according to CME's FedWatch tool. (Photo by Mayumi Tsumita)
Currencies

Yen rises to 150, erasing losses from post-election Trump trades

Investors still expect a December rate cut from Fed after U.S. inflation data

28 November 2024