9 stories found
Thai energy conglomerate Bangchak Corporation has purchased Caltex petrol stations in Hong Kong for HK$2.1 billion (US$270 million), aiming to use the acquisition as a strategic entry point into North Asia.
Cosmetics giant L'Oréal announced increased sales, crediting the "lipstick effect" where consumers buy small beauty comforts during times of war, alongside a recovery in the Chinese market and revenue growth in Europe and North Asia.
Goldman Sachs has expressed a preference for the technology-heavy stock markets of North Asia over those in South Asia, indicating a strategic investment outlook.
Oman Air is expanding its services by launching new nonstop flights from Muscat to Singapore, aiming to capitalize on Oman's appeal as a tourism destination and considering further expansion into North Asia.
Changi Airport has reported a record 12-month high in passenger traffic, driven by strong demand from North Asia and Europe, despite a significant decline in Middle East travel.
Rising demand for yuan settlement amid Middle East tensions is driving record transaction amounts in China’s cross-border payment system, analysts said, building on years of efforts to bolster financial infrastructure and expand its global network. “The Middle East conflict may have acted as a catalyst,” said Ding Shuang, chief economist for Greater China and North Asia at Standard Chartered, citing rising demand for yuan settlement, particularly in oil trade. China’s Cross-border Interbank...
Goldman Sachs reports that North Asian markets are outperforming South Asian markets, attributing this trend to stronger fiscal capabilities and advancements in artificial intelligence and energy resilience.
Indian stocks are at risk of deeper underperformance as investment funds are increasingly drawn to the tech-led markets of North Asia.
International diversification has been a major theme this year, but the one-way traffic into North Asian markets has been heavy, says Shuli Ren for Bloomberg Opinion.