Private equity firm KKR has taken a $1.5 billion stake in Mukesh Ambani’s Jio Platforms business a month after Facebook announced it was pumping $5.7 billion into the company.
Fear and fighting spirit in Hong Kong as China ‘rams through’ security law
Beijing’s push to impose legislation is seen as fresh rallying point for an anti-government movement that had lost focus …
Qatar Petroleum to slash spending by 30% -CEO
Qatar Petroleum will slash its spending by around 30% this year in the face of the sharp drop in oil and gas prices due to the coronavirus epidemic, its Chief Executive said on Thursday. By Ron Bousso …
US chopper sale to Philippines would ‘reward past abuses’ — Human Rights Watch
Watchdog Human Rights Watch released a statement opposing the United States’ sale of attack helicopters worth almost $2 billion to the Philippines.
Calls for end to business with paper giant APP over Sumatra land disputes
A coalition of 90 NGOs has published an open letter urging investors and buyers to stop doing business with Asia Pulp & Paper (APP), one of the world’s biggest paper producers, in light of its ongoing …
In Indonesia, Will COVID-19 Trigger Another Asian Financial Crisis?
While the government of Indonesia struggles to contain the public health side of the COVID-19 crisis, the economic hit from the pandemic is starting to bite in earnest. The government now expects GDP …
China’s Hong Kong Crackdown Could Put Trump in an Unwelcome Spot
A proposed new security law has senators calling for sanctions. But the president is reluctant to jeopardize his ties to President Xi Jinping.
Traders Bet on More Pain for Hong Kong With FX Forwards, ETFs
Traders are wagering that Hong Kong is facing another period of uncertainty after China’s plans for a new national security law roiled markets and raised the specter of renewed protests in the …
Senators Propose Sanctions on Chinese Officials Over Hong Kong
Two U.S. senators are proposing legislation to punish Chinese entities involved in enforcing proposed new security laws in Hong Kong and penalize banks that do business with those entities.
China risks new Hong Kong protests by imposing security law
Two people briefed on the plans said China’s parliament intended to draft the legislation and enter it directly into Hong Kong’s mini-constitution, or Basic Law, in a process that will bypass the …