Be prepared: Asia braces for impact of more US rate rises

  • 16 March 2017
  • From the section Business
US dollar bills Image copyright AFP

"Be Prepared". It's the motto of every good Girl Guide. And it should have been the mantra of every major Asian central bank too, over the last few months.

In the words of my Guide leader (admittedly a few years ago), being prepared means being ready to cope with anything that might come your way.

And the US decision to raise interest rates for just the third time in a decade hardly came as a surprise.

The Federal Reserve has been signalling for a while that it will go into what's called a "tightening cycle" and start returning rates to neutral.

That's a jargon-ish way of saying interest rates in the US are going to gradually but consistently go up, so that they reach levels considered "normal".

Good for Asia?

Read full article Be prepared: Asia braces for impact of more US rate rises

Toshiba's troubles: What has gone wrong?

  • 14 March 2017
  • From the section Business

Japan's Toshiba has a huge hole in its finances, caused largely by a massive writedown on nuclear assets in the US.

So what's gone wrong at the company - and what is it doing about it?

Read full article Toshiba's troubles: What has gone wrong?

Meet the Donald Trump of Indonesia

  • 10 March 2017
  • From the section Business
Media captionIs Hary Tanoesoedibjo Indonesia's answer to Donald Trump?

On top of a rock formation on the Indonesian island of Bali, sits Tanah Lot.

It's a simple 16th century Balinese temple, set against a backdrop of the Indian Ocean, but it's about to get a very 21st century neighbour.

Read full article Meet the Donald Trump of Indonesia

Why does Saudi Arabia invest in Southeast Asia?

  • 28 February 2017
  • From the section Business
King Salman and Najib Razak Image copyright AFP
Image caption Saudi King Salman and Malaysia's Najib Razak

Malaysia's Prime Minister Najib Razak has announced that Saudi Arabia is investing $7bn (£5.6bn) in an oil refinery in the country, a project that will be set up by Malaysian oil company Petronas.

The investment is the first deal to be signed during Saudi monarch King Salman's Asian tour, and is expected to help boost profits at Petronas, which has been struggling with low oil prices for the past few years.

Read full article Why does Saudi Arabia invest in Southeast Asia?

Toshiba: Why troubled Japanese firms survive

  • 14 February 2017
  • From the section Business
Toshiba Image copyright AFP

"What else are you hiding?" screamed journalists at Toshiba executives, according to this reporter's tweet from Tokyo.

From a cancelled earnings announcement, to a chairman resigning, to a shambolic shouting match between executives and reporters at a hastily organised press conference - it would be fair to say that Toshiba is facing a sorry state of affairs.

Read full article Toshiba: Why troubled Japanese firms survive

Press rewind: Trump, Tokyo and a welcome back to the 1980s

  • 9 February 2017
  • From the section Business
DESPERATELY SEEKING SUSAN, Madonna, 1985, Image copyright Orion Pictures/Everett Collection/Alamy

It was the decade of The Empire Strikes Back and Michael Jackson's song Beat It.

A time when Madonna introduced legions of teenage girls to scrunchies and Jane Fonda made lycra and leg warmers cool.

Read full article Press rewind: Trump, Tokyo and a welcome back to the 1980s

How much truth is there in Trump's TPP claims?

  • 24 January 2017
  • From the section Business
President Trump in a meeting on January 23, 2017 in Washington, DC Image copyright Chip Somodevilla

Pulling the US out of the world's biggest trade deal - the Trans Pacific Partnership - was always part of President Donald Trump's plans.

And already, union chiefs are cheering his move.

Read full article How much truth is there in Trump's TPP claims?

iPhones and sex toys may cost more if there's a US-China trade war

  • 23 January 2017
  • From the section Business
American filming Trump on smartphone Image copyright Getty Images
Image caption Imported smartphones could cost Americans more if there's a trade war

Donald Trump may be accused of flip-flopping on many issues, but there is one thing he's been remarkably consistent on: China.

A nation that's "raping our country", he called it on the campaign trail. One that is "stealing American jobs".

Read full article iPhones and sex toys may cost more if there's a US-China trade war

Davos 2017: Can Xi Jinping be star of the show?

  • 16 January 2017
  • From the section Business
China Daily marks President Xi's Davos visit Image copyright EPA

China's President Xi Jinping heads to Davos this week.

It's the first time a Chinese head of state is attending the global forum and he'll be star of the show.

Read full article Davos 2017: Can Xi Jinping be star of the show?

What do Donald Trump and Jack Ma have in common?

  • 10 January 2017
  • From the section Business
Donald Trump and Jack Ma Image copyright AFP

Another week, and yet another Asian business leader finds himself in bear-like embrace of the US President-elect Donald Trump.

This time it is China's Jack Ma - the founder of Alibaba.

Read full article What do Donald Trump and Jack Ma have in common?