Japanese regulators have warned the nation’s banks for the first time about the risk of investing in overseas securitized corporate loans, which have run into trouble from a wave of U.S. bankruptcies. ( read original story ...)
UBS Global Wealth Management is ‘overweight’ on Asia ex-Japan stocks
Adrian Zuercher of UBS Global Wealth Management says stocks in Asia ex-Japan may be "the only region" that will have positive earnings growth this year. ( read original story ...)
Fears of outbreak as first Rohingya refugee dies from coronavirus in Bangladesh
Meanwhile, as protests sweep nation, research finds social distancing most effective at slowing coronavirus spread. There are now more than 1.8 million coronavirus infections in the U.S. and more than ... ( read original story ...)
Indonesia Court Orders President to Apologize for Papua Internet Curbs
An Indonesian court on Wednesday ordered President Joko Widodo to make an official apology after ruling that his government's decision to rein in internet speeds to contain civil unrest in the Papua ... ( read original story ...)
Facebook takes Indonesia foothold with Gojek deal
Facebook has gained a foothold in south-east Asia’s largest economy with an investment in Gojek, Indonesia’s biggest unicorn. The US social media group did not disclose the size of its investment, ... ( read original story ...)
Indonesia reports 684 new coronavirus infections, 35 deaths
Indonesia reported 684 new coronavirus infections on Wednesday, taking the total number of cases in the Southeast Asian country to 28,233, said health ministry official Achmad Yurianto. ( read original story ...)
Facebook invests in Indonesia’s ride-hailing firm Gojek but doesn’t reveal its stake
Facebook did not disclose the size of its investment but said in a blog post on Tuesday evening that the investment underscores its efforts to help bring small businesses online. ( read original story ...)
100,000 evacuated from Mumbai as cyclone lashes India’s business capital
MUMBAI, India — A cyclone made landfall Wednesday south of India's financial capital of Mumbai, with storm surge threatening to flood beaches and low-lying slums as city authorities struggled to ... ( read original story ...)
Cyclone Nisarga makes rare landfall in western India
Cyclonic Storm Nisarga formed Tuesday in the Arabian Sea and is aiming for at the west India coastline and Mumbai, the country's financial center and home to more than 18 million people. ( read original story ...)
Severe cyclone bears down on Mumbai, India’s coronavirus hot spot
Mumbai, home to 20 million people, has emerged as the country’s coronavirus hot spot, with more than 40,000 cases and 1,300 deaths, straining its creaky health-care system. Among those evacuated to ... ( read original story ...)