Asia

U.S., Aus, Japan, India Mull Belt and Road Alternative

The Australian Financial Review’s Phillip Cooley reports on discussions between Australia, the United States, India, and Japan on establishing a joint regional infrastructure plan to rival the controversial China-led Belt and Road Initiative. The BRI, a trillion dollar-plus, 65-nation trade an...

HSBC profits surge as CEO departs

LONDON: Profits at HSBC surged during 2017, in part thanks to a strong Asian performance, the global banking giant said on Tuesday (Feb 20) as it looks to the future without long-serving chief executive Stuart Gulliver. Net profit ballooned to US$9.7 billion (€7.9 billion) last year, from US$1.3...

Asian shares extend global recovery, volatility subsides

TOKYO: Asian shares ticked up on Monday, joining a global recovery for equity markets as sentiment improved gradually from a recent shakeout that stemmed from fears of creeping inflation and higher borrowing costs. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4 percent, having ...