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Asia
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China Regulators Fine Alibaba $2.75 Billion for Anti-Monopoly Violations
It said the practice violates China's anti-monopoly law by hindering the free circulation of goods and infringing on the business interests of merchants.
Gojek and Tokopedia Close to Creating Indonesian Tech Champion: Sources
Indonesian ride-hailing and payments company Gojek and the country's leading e-commerce business Tokopedia are close to sealing their proposed merger as they prepare to seek formal shareholder approval.
Analysts up Asia’s Forward 12-Month Earnings Forecasts on Recovery Hopes
Refinitiv data shows a rise of 0.6% in March in the forward 12-month earnings estimates of MSCI Asia-Pacific index firms, for the smallest upgrade since June last year.
Thai Economy May Grow Less Than Forecast After New Outbreak: Central Bank
The tourism-reliant economy suffered the deepest slump in over two decades last year, down 6.1%, due to the impact of the pandemic, with the key tourism sector still struggling.
Japan's Nikkei slipped 0.3%, not helped by news Tokyo's governor had asked for emergency measures to stem a surge of COVID-19 infections.
Singapore Becomes a Global Cruise Leader, for Now
The Singapore cruises are open only to its 5.7 million residents, who have been unable to leave the tiny country for leisure and have settled instead for activities like staycations and even indoor camping.
Asia Shares Set To Follow Wall Street’s Modest Gains After Fed Maintains Stance
The S&P 500 and Dow closed slightly higher on Wednesday, as the Fed's commentary reinforced investor expectations that the central bank plans to maintain its policy support despite massive fiscal spending from the recent government stimulus package.