Asia

• Finance leaders from China, Japan, South Korea, and ASEAN nations convened in Samarkand to address regional economic stability. • They committed to closely monitor and act against excessive volatility in financial markets amid global uncertainties. • The pledge underscores coordinated efforts to mitigate risks from geopolitical tensions and market fluctuations impacting Asia.

• Asia-Pacific's cross-border payments market, valued at $13.5 trillion in 2025, is forecast to surge to $24 trillion by 2033, fueled by QR payments and digital adoption.• Thailand ranks second in regional economic optimism, supporting robust growth in transaction volumes across Southeast Asia.• Expansion driven by e-commerce boom and fintech innovations enhances trade efficiency in Singapore, Malaysia, Indonesia, and Vietnam.• Regulators eye next steps in harmonizing standards to sustain projected CAGR amid rising geopolitical tensions.

Democrat led Hawaii from 1973 to 1986, coinciding with the party’s rise to power in the stateGeorge R Ariyoshi – Hawaii’s former governor and the nation’s first Asian American governor – has died at age 100.Ariyoshi, a Democrat who led the state from 1973 to 1986, died peacefully while surrounded by family on Sunday night, according to a statement Monday from the current governor, Josh Green. Continue reading...

Shipments of fuel into Australia secure until at least the middle of May, energy minister saysFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAustralia could get more fuel from the US, Mexico or its Asian neighbours, with a new government policy helping refineries bid for oil shipments as diesel prices spike to new record highs.Anthony Albanese is flying to Singapore on Thursday to lock in ongoing petrol supplies from our biggest source of refined fuels. On his way out of Australia, the prime minister confirmed that the government had used new powers to extend assistance to Ampol and Viva refineries, with Canberra to underwrite their efforts to buy new shipments of oil on the open market. Continue reading...

Federal government chases supply guarantees from countries including Singapore, South Korea, Malaysia and Japan amid Iran warGet our breaking news email, free app or daily news podcastAsian trading partners have reassured Australia that the “normal supply” of fuel will continue amid the Middle East conflict, as the government prepares to intensify efforts to avert shortages of petrol and diesel.The federal government has been chasing supply guarantees from countries including Singapore, South Korea, Malaysia and Japan as the Iran war and closure of the strait of Hormuz wreaks havoc on the global oil market. Continue reading...

From farms in New Zealand to factories in Delhi, the affects of the oil crisis triggered by the Iran war are rippling across Asia Continue reading...

• Asian equity markets surged following signals from Iran's President Masoud Pezeshkian indicating willingness to pursue a ceasefire with the United States, with Trump stating military action could conclude within two to three weeks. • South Korea's Kospi jumped 8.1% to 5,461.51, Japan's Nikkei 225 gained 4.5% to 53,352.96, and Hong Kong's Hang Seng rose 2% amid improved investor sentiment. • The geopolitical shift triggered broad rallies across Asia-Pacific exchanges including Australia's ASX 200 climbing 2% and Taiwan's Taiex jumping 4.4%.