Asia News
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Updated 1 hour, 39 minutes ago
The National University of Singapore said it welcomes a discussion with Yale University after professors at the Ivy League school expressed concern about civil and political rights at a branch campus scheduled to open in the Asian city-state next year.
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Swiss travel company Kuoni Reisen Holding AG has a “theoretical” interest in buying parts of Thomas Cook Group Plc.’s Indian business while ruling out any move to buy a European operation from the company, Frankfurter Allgemeine Zeitung reported.
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Saudi Arabian shares rose for an 11th day, the longest winning streak since August 2005, after global stocks advanced as manufacturing and jobs data in China and the U.S. boosted the world’s economic outlook.
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India’s benchmark stock index was little changed in a special trading session in Mumbai today.
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Asian currencies advanced for a third week after reports signaled a pickup in U.S. economic growth, spurring inflows into emerging-market assets.
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Asian stocks rose, with the regional benchmark index extending its longest weekly winning streak on record, after better-than-expected global economic data overcame concern the U.S. and China may not introduce further stimulus.
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Goldman Sachs Group Inc., Wells Fargo & Co. and JPMorgan Chase & Co. are among banks warned by federal regulators that they may face civil claims tied to sales of mortgage-backed securities.
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Weak foreign trade slowed Canada’s economic growth rate in the fourth quarter even as the U.S. rebounded, showing the country’s vulnerability amid uneven global growth prospects.
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BBA Aviation Plc, the world’s biggest provider of bases for business jets, plans to spend $300 million on U.S. acquisitions this year as demand for private planes in emerging markets remains in its infancy.
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Latin America faces a threat of a resurgence in destabilizing capital inflows that as recently as 2010 caused a rally in the in region’s currencies and other assets if risk aversion dissipates, the International Monetary Fund’s top official for the region said.
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