Markets

All future fossil fuel projects must be scrapped if the world is to reach net-zero carbon emissions by 2050 and to stand any chance of limiting warming to 1.5 degrees Celsius, the International Energy Agency (IEA) said on Tuesday (May 18).

The Philippines has lowered its economic growth targets for this year and next after a deeper-than-expected contraction in gross domestic product (GDP) in the first quarter, its budget minister said on Tuesday.

Taiwan sees a limited impact on its economy and its key semiconductor industry from its COVID-19 outbreak and is well prepared to ensure chip fabs can operate as normal, officials said on Tuesday.

Alphabet Inc's Google on Tuesday launched its Showcase news platform in India with 30 domestic news publishers, at a time when the country is trying to weed out misinformation surrounding a ferocious second COVID-19 wave.

Taiwan's export orders likely rose in April for the 14th month in a row, a Reuters poll showed, buoyed by strong sustained demand for technology products during coronavirus-induced lockdowns.

BEIJING: Chinese biotechnology company Clover Biopharmaceuticals said on Tuesday (May 18) the modified version of its COVID-19 vaccine candidate showed a strong immune response against the original strain of the virus and some variants during animal testing. Clover said in a statement its vaccine ...

SINGAPORE: Singapore has not been able to "adequately replace" migrant workers who have left the country over the last year, given the presence of COVID-19 border restrictions, said the Ministry of Manpower (MOM) on Tuesday (May 18). In a statement to the media, the ministry said there have been ......

Hong Kong real estate magnate Gordon Wu said an ambitious land reclamation project can help solve housing and social problems, while welcoming the enforcement of a national security law in the city as bringing stability to boost investment.

SEOUL: Pressure is mounting on South Korean President Moon Jae-in to pardon Samsung heir Lee Jae-yong, who is back in prison after his conviction in a massive corruption scandal, even though business has rarely looked better at South Korea’s largest company. Lee is just the latest South Korean ......

Indonesia's trade surplus likely narrowed in April, with exports and imports seen accelerating amid a steady global economic recovery and higher commodity prices, a Reuters poll showed on Tuesday.