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ASIA • Today
Pakistan PM Nawaz Sharif disqualified by court
July 28, 2017
The prime minister is disqualified from holding public office over a corruption case.
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Tokyo forum for women empowerment takes stock of progress, challenges still to come
July 28, 2017
Looking back at her university years in the early 1980s when Japanese companies could openly discriminate against women in recruitment, Keiko Honda now feels gender ...
India News
Nitish-BJP win Bihar floor test with 131 votes
July 28, 2017
As was widely expected, the Nitish Kumar-BJP combine won the crucial floor test in the Bihar Assembly with a convincing margin of 131 votes. The RJD-Congress combine got 108 votes. "Secularism should not be allowed to justify corruption," Nitish said earlier in the House.
News Report
Resignations in Japan Set Back Hopes for Women in Political Power
July 28, 2017
Last year, the rise of three women seemed to signal that Japan was overcoming its poor record of putting women in leadership roles. Now, two are gone.
The Breakdown: Scientists Take to the Sea to Study a Lost Land: Zealandia
July 28, 2017
A team of researchers has left Australia on a monthslong expedition to learn more about the vast undersea landmass Zealandia, billed as an eighth continent.
News Analysis
Pakistan’s high court removes prime minister from power
Nawaz Sharif was ousted after months of hearings on corruption charges against Sharif and his family, throwing the country’s political future into turmoil.
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ASIA • Business
Chinese Billionaire Scales Down His Hollywood Dreams
July 28, 2017
Dalian Wanda Group of China is unloading 30 film-production sound stages among its $13 billion in asset divestments—the most visible of billionaire Wang Jianlin’s filmmaking ambitions to be scaled down.
Business Report
Business News
Amazon made its first foray into a key region yesterday — the service now appears unusable
July 28, 2017
The Prime Now delivery service in Singapore appears to be unavailable, with no word from Amazon on when it will resume.
Stocks in Asia pressured as investors digest corporate earnings; dollar wobbles
July 28, 2017
Asian indexes closed mostly lower on Friday as investors parsed through corporate earnings in the region.
Goldman Sachs: 'Cautiously optimistic' on oil prices as supply-demand rebalancing
July 28, 2017
The rebalancing in the oil market is accelerating, said Goldman Sachs in a note on Thursday.
Wells Fargo to compensate car loan customers forced to buy auto insurance
July 28, 2017
Wells Fargo said Thursday it would compensate around 570,000 car loan customers forced to buy unnecessary auto insurance.
China Business
How technology helps Hong Kong’s Tai Ping Carpets sell products to stars, casinos and airports
July 28, 2017
While some workers worry that robots may put them out of a job, those at Tai Ping Carpets can rest easy as the company believes skilled people will never be replaced by technology. However, technology has helped the Hong Kong company lower costs, speed up production, and reduce pollution. The 61 year old carpet brand counts movies stars like Tom Hanks and Brad Pitt as customers, as well as the British Royal family. It also supplies carpets for Macau casinos including big names such as Sands,...
Japan Business
India Business
Odisha's Dhamra, Gopalpur ports to face financial and operations audit
July 28, 2017
The Odisha government has set the ball rolling for financial and operational audit of the ports of Dhamra and Gopalpur. Dhamra, a deep draught port off the coast of northern Odisha is owned by Adani Ports & Special Economic Zone (APSEZ). The Gopalpur port is on southern Odisha coast and has majority stake by Shapoorji Pallonji.The state commerce & transport department has invited tenders from the CAG (Comptroller & Auditor General) of India empaneled chartered accountants to conduct the audit.The objective of the audit is to ensure the accuracy of the income earned by the port promoters from their operations. A portion of this revenue goes to the state government as its share according to the terms of the concession agreement signed with the port authorities. The audit is also meant to check the compliance with the approved and agreed plans for development and maintenance of the port facilities and assets.The successful bidder would enter into contract with the Director ..
Business Analysis
Business Report
Samsung poised to unseat Intel as king of microchips
July 27, 2017
Analysts say it likely nudged aside Intel in the April-June quarter as the leading maker of semiconductors, the computer chips that are as much a staple of the 21st century wired world
Nintendo records quarterly profit on Switch sales success
July 26, 2017
Interest in Nintendo games on smart devices soared with “Pokemon Go”
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ASIA • Markets
Asian Shares Fall On Profit Taking
July 28, 2017
Asian stocks fell on Friday as investors booked profits following a selloff in U.S. technology stocks overnight. Disappointing earnings results from intensified worries about corporate earnings.
Asian Market Indices

The NIKKEI Index - Top 225 Blue Chip Japanese Companies
The HANG SENG Index - Top 50 Blue Chip Chinese Companies
Asian Market Charts by CNBC
Market Pulse
Singapore shares close 0.7% lower
July 28, 2017
SINGAPORE shares closed lower with the key Straits Times Index retreating 24 points or 0.7 per cent to finish at 3,330.75 on Friday.
Malaysia: Shares close lower on Friday
July 28, 2017
MALAYSIA share prices closed lower on Friday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 2.990 points to 1,767.080.
Hong Kong: Stocks close down as Asia slumps
July 28, 2017
[HONG KONG] Hong Kong stocks fell Friday to end the week on a low and mirror a downturn around the region sparked by a US tech sell-off, although Shanghai managed to eke out modest gains.
Europe: Tech stocks lead European shares lower in busy earnings day
July 28, 2017
[MILAN] European shares fell on Friday led by a slump in tech stocks which tracked losses among global peers following an earning miss at online giant Amazon, while a flurry of earning updates failed to provide support.
Australia: Shares finish lower on cautious note
July 28, 2017
[SYDNEY] Australian shares snapped a three-day winning streak and ended lower on Friday, as investors grew cautious ahead of upcoming earnings as well as second quarter US economic growth data.
Seoul: Stocks end at 2-week low as tech shares slide, won sags
July 28, 2017
[SEOUL] South Korean shares slipped to a two-week low on Friday as market heavyweight tech shares succumbed to profit-taking from foreign investors following a sell-off in Wall Street.
Forex Markets
Dollar Rebounds Ahead of Q2 US GDP
July 27, 2017
Growth expected to have doubled from disappointing Q1 The USD dollar is higher against major pairs awaiting
Asian Forex Rates

US Dollar/Japanese Yen FX Spot Rate
US Dollar/Indian Rupee FX Spot Rate
Asian Currency Charts by CNBC

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ASIA • Economy
China’s local governments told to ‘clean up’ debt financing
July 28, 2017
Central government seems intent on grasping the nettle on a longstanding issue which can be traced back to stimulus spending in the wake of the 2008 global financial crisis
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Asia • Insights
A Himalayan spat between China and India evokes memories of war
July 27, 2017

FOR nearly six weeks, armed contingents of two of the biggest military forces in the world have faced off in a high-altitude game of chicken in the Himalayas. Roughly 300-400 Indian soldiers and an equal number of Chinese border guards are stuck glowering at one another over a scrubby patch of land at a “tri-junction”, where the two countries and the tiny kingdom of Bhutan all meet. Analysts cannot see how either side might easily stand down. Memories of a bloody border war fought between China and India in 1962 are all too easily evoked.

That war, which saw India humiliated, began after the Chinese built a road across disputed territory in the far west of the two countries’ 4,000km-long, disputed border. The latest problems began when Chinese border guards were spotted moving road-making equipment onto the Dolam plateau, a flat spot in the slightly larger region known as Doklam (or Donglang in Mandarin) which all three sides patrol. On June 18th Indian troops moved onto the plateau...Continue reading

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Asia • Calendar

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