SHANGHAI -- China's top life insurers are expecting a windfall from customers seeking to purchase policies as substitutes for bank deposits as interest rates fall.
Air China logs sixth straight loss as rail competition bites and risks rise
TOKYO -- Air China, the country's flagship carrier, has suffered its sixth consecutive annual net loss, blaming intensifying competition against a growing network of high-speed rail lines while geopolitical tensions loom over the aviation industry.
Asia stocks slip as Iran conflict continues to dampen sentiment
TOKYO -- Stock markets across Asia were broadly trading weaker on Friday as the conflict in the Middle East stretched on with no near-term resolution in sight.
Vietnam gasoline price falls 19% after taxes removed amid energy crisis
HANOI -- Gasoline prices in Vietnam dropped 19% on Friday after the government removed environmental protection tax, value-added tax and special consumption tax on gasoline, diesel and aviation fuel in a bid to help tame soaring energy prices as the Middle East crisis shows little sign of ending.
Russian drones target civilians 'like in a video game' in Ukrainian city
KHERSON, Ukraine -- "Here, you don't wear a seatbelt," says a taxi driver in Kherson in Southern Ukraine. "If a drone comes, you have to get out of the car immediately."
JTB travel group sends 'Samurai' overseas to catch MICE business
TOKYO -- Japan's largest travel agency JTB is dispatching elite "Samurai" sales staff overseas to fight for business and help it meet ambitious goals for growth and international expansion.
Half-baked lessons from 2022 yet to help Sri Lanka amid Iran oil crisis
COLOMBO -- With global oil prices climbing amid escalating U.S.-Iran tensions and growing headaches for policymakers across Asia, Sri Lanka is beset with a sense of deja vu , drawing on lessons from its own economic crisis in 2022, and has reintroduced fuel rationing in an effort to prevent a repeat of the turmoil it experienced that year.
Australia rare-earth stocks soar as China clamps down on exports
SYDNEY -- Rare-earth stocks in Australia have risen sharply over the past year amid growing demand from sources other than China for the metals, found in everything from mobile phones and cars to modern weapons.
China sports groups Anta, Xtep ride international brands to revenue gains
HONG KONG -- Chinese sportswear companies are revving up global expansion by acquiring international brands, making up for plateauing sales of their home labels, as shown in their latest earnings.
Singapore clamps down even harder on vapers but some just won’t quit
SINGAPORE -- Acting on a tip, public health officers grabbed Lee Wenjie one afternoon as he was leaving the distribution center where he worked part time on the south side of Singapore while he was carrying out a few packages.