Markets

HONG KONG :Asian tech stocks tumbled on Tuesday and a regional equity gauge suffered its biggest slide in nearly two months after a selloff on Wall Street, as traders braced for U.S. inflation data amid worries growing price pressures might bring forward rate rises.

Retail sales in Indonesia fell at a slower pace of 14.6per cent on annual basis in March, compared with an 18.1per cent fall in February, a central bank survey showed on Tuesday.

Taiwan's largest carrier, China Airlines Ltd, said on Tuesday that the quarantining of its pilots to stem a COVID-19 outbreak is expected to affect more than 10per cent of its freighter capacity, potentially affecting the island's exports.

SOMERSBY, Australia: Beekeepers in New Zealand are seeking the exclusive right to use the "manuka" label for their honey, pitting them against rival Australian farmers over a prestige product that can fetch hundreds of dollars per jar. Manuka honey takes its name from the Maori term for ...

BEIJING :China's factory gate prices rose at the fastest rate in three and a half years in April, official data showed on Tuesday, as the world's second-largest economy continued to gather momentum following record-setting growth in the first quarter.

The Philippine economy shrank by more than expected in the first quarter of 2021, official data showed on Tuesday, as prolonged pandemic-induced lockdowns kept domestic demand sluggish.

Japan's SoftBank Corp will invest US$60 million for a 23per cent stake in the digital analytics and artificial intelligence arm of Malaysian telecoms firm Axiata Group Bhd, said two sources familiar with the matter.

BEIJING :China should implement its commitments to equal treatment for foreign business and abandon "implicit" guidance to replace foreign products with domestic alternatives, the American Chamber of Commerce in China said on Tuesday.

SEOUL: South Korea's Kakao Entertainment said on Tuesday (May 11) it was acquiring US-based online comic app Tapas and serialised fiction app Radish for US$510 million and US$440 million, respectively. The purchase will make the online comic, talent agency and movie-making unit of South Korean ...

SEOUL: South Korean battery material maker SK IE Technology (SKIET) saw its stock debut on Tuesday (May 11) at double its initial public offering (IPO) price, amid rising expectations of electric vehicles (EV) displacing those powered by fossil fuel. SKIET's shares opened at 210,000 won, valuing ...