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Asian Bond Risk Surges on Europe; Tower Bersama Hires Banks – Bloomberg

The cost of insuring corporate and sovereign bonds in Asia against non-payment surged as a levy on Cyprus bank deposits spurred renewed turmoil in Europe. PT Tower Bersama Infrastructure Tbk hired banks for a possible dollar- denominated offering. The Markit iTraxx Asia index of 40 investment-grade borrowers outside Japan jumped six basis points to 107 […]

Tan Twan Eng: ‘Each Book Gets Harder’ – Wall Street Journal (blog)

By Brittany Hite Last week, Malaysia’s Tan Twan Eng received the Man Asian Literary Prize for “The Garden of Evening Mists.” Mr. Tan, who also made last year’s short list for the Man Booker Prize, spoke to the Journal about the book, his attempt to tell a woman’s side of the story and why […]

ASIA MARKETS: Asia Stocks Dive On Cyprus Deposit Levy – Fox Business

SYDNEY –  Asia stocks reacted badly on Monday to details of a bailout of Cyprus over the weekend — with U.S. stock-index futures and the euro also sharply lower — as investors fretted about the potential implications of a decision to levy private bank deposits. Japan’s Nikkei Stock Average tumbled 2.1%, South Korea’s Kospi lost […]

Could Sri Lanka Become Asia’s Next Casino Hotspot? – Forbes

Could Sri Lanka Become Asia’s Next Casino Hotspot? – Forbes

View of Galle Face, Colombo (Photo credit: Wikipedia) Sri Lanka has become one of Asia’s most promising economies in recent times, yet the potential of it’s gambling sector is only starting to gain recognition amongst international operators looking to expand their presence in Asia. With marque casinos propping up in Macau, Singapore, and now the […]

Asia Private Equity Weekly News, March 18, 2013 – Reuters

HONG KONG | Sun Mar 17, 2013 10:21pm EDT HONG KONG Mar 18 (Reuters) – News and developments in Asia private equity from Reuters News for the week ending March 15. MARCH 15 A CREDIT crunch is stifling thousands of mostly small, private companies in China that coax energy savings from smokestack industries, further dealing […]

Asian stocks, commodities in broad selloff on jitters over Cyprus deal – Reuters

By Chikako Mogi TOKYO | Mon Mar 18, 2013 1:46am EDT TOKYO (Reuters) – Stocks and commodities fell sharply in Asia on Monday as investors were rattled by a radical bailout plan for Cyprus and piled into safer assets including the U.S. dollar, gold and sovereign debt. European markets are also expected to fall, with […]

Asia Bond Risk Surges on Europe Concern; Taiwan Semi Hires Banks – Bloomberg

The cost of insuring corporate and sovereign bonds in the Asia region against non-payment surged as a levy on Cyprus bank deposits spurred renewed turmoil in Europe. Taiwan Semiconductor Manufacturing Co. hired banks for a possible dollar-denominated offering. The Markit iTraxx Asia index of 40 investment-grade borrowers outside Japan jumped five basis points to 106 […]

FOREX-Euro skids in Asia as Cyprus deal alarms – Reuters

Sun Mar 17, 2013 5:14pm EDT March 18 – The euro skidded lower in Asia early Monday as surprise news that Cyprus would have to tax depositors as part of a bailout plan was taken as setting a dangerous precedent that could ultimately risk runs on some banks in the region. The single currency was […]

Japan’s entry to Asia-Pacific trade deal faces scrutiny from business, lawmakers – The Hill (blog)

A broad range of groups are expressing concern that Japan won’t be able to meet the high standards of an Asia-Pacific trade deal, and are urging a careful examination of Tokyo’s push to join talks. Business groups, lawmakers and U.S. automakers are calling on Japanese Prime Minister Shinzo Abe to provide specifics as to […]

China’s new leader to usher in ‘renaissance’ – Aljazeera.com

Xi Jinping, China’s new president, has said that he will try to usher in a “great renaissance”, in his first speech as head of state of the world’s most populous country. Xi called for “arduous efforts for the continued realisation of the Chinese dream“, in a speech on Sunday to delegates at the National People’s […]