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DO NOT USE Asia News

Asia's billionaires are old and $125 billion of their money awaits heirs

It’s no coincidence that the world’s richest people are also some of the oldest as it can take a long time to amass extraordinary wealth. About a fifth of the 500 people on the Bloomberg Billionaires Index are at least 80 years old, and 21 are nonagenarians.

Oil dips on manufacturing downturn, but OPEC cuts offer support

Despite the global market turmoil, traders said oil prices are expected to receive some support as supply cuts announced late last year by the Organization of the Petroleum Exporting Countries start to kick in.

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Sensex, Nifty turn choppy on mixed Asian cues

Investors turned cautious as trade war concerns between the US and China rose and a persistent weakness in the rupee became lingering concerns leading to volatility in the market, brokers said.

GST, bank balance sheet problems pushed India's economic growth downward but gradual recovery expected: UN

The report further noted that inflation accelerated in 2017 mainly as a result of increased food and fuel prices following severe floods in several countries and rising global oil prices.

Asia debt binge to dampen growth but not derail it, Oxford says

Oxford forecasts that in the long run, the debt of households and non-financial companies will remain above 100 percent of gross domestic product in most Asian economies, excluding Japan.

Rights body accuses Asian countries of cruelty to elephants

Hundreds of elephants used in Asia's tourism industry are kept in "severely cruel" conditions, animal welfare group World Animal Protection said. Almost 80 percent of about 3,000 elephants at tourist venues endure poor living conditions and diets.

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Islamic State calls for attacks in West, Russia, Middle East, Asia during Ramadan

The audio message invokes the terrorists of Mosul and Raqqa to attack the 'infidels' and rejectionists (Shia muslims) across Russia, Asia and Middle-East in the month of Ramadan.

India among top five consumer markets in Asia: BMI Research

"Due to limitations on the activity that overseas retailers are allowed to undertake, e-commerce has so far been dominated by local firms such as Flipkart and Snapdeal."

Donald Trump trade strategy starts with quitting Asia pact -White House

Trump has criticized China's trade practices and threatened to impose punitive tariffs on Chinese imports.

Yuan weakens slightly as dollar shows signs of stability in Asian trade

The dollar index slumped 0.5 per cent against a basket of major global currencies on Wednesday, pushing the yuan sharply stronger in the Chinese market's evening trade.

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Asia's 10 best beaches for 2018; see pics

The travel website TripAdvisor is out with its annual awards for the top 10 beaches in Asia for the year 2018. So if you are already planning your summer vacation, then grab a notepad and start jotting down the names of these beautiful beaches. You might just find what you like.

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Delhi: Fire breaks out in Ansal towers

New Delhi, Feb 22 (ANI): A fire broke out in Asia’s largest computer spare parts market, Nehru Place, in Delhi on Monday morning. Six fire tenders rushed to the spot to douse off the fire. No casualty has been reported so far. Police and fire tenders are conducting dousing off operation.

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