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Tag: Singapore

Best hotels for business travelers in Asia-Pacific
Business

Best hotels for business travelers in Asia-Pacific

Business travelers are on the road again. So there's no better time for CNBC Travel to name the best hotels for business travel across Asia-Pacific.CNBC joined with the market and consumer data firm Statista to produce rankings of the "Best Hotels for Business Travelers." A second list of rankings for hotels in Europe and the Middle East will be published next month.In total, we analyzed more than 10,000 four- and five-star hotels in 117 locations to produce a list corporate travelers can trust. We did this using a three-step process:Asking business travelers and hotel industry professionals to answer a CNBC reader survey which ran from May 3 to June 7, 2022.Reviewing more than 1 million hotel data points, which included objective information (location, business facilities, food, leisur...
Asian Shares Track Wall Street Losses Ahead of U.S. Inflation Data
News

Asian Shares Track Wall Street Losses Ahead of U.S. Inflation Data

(Reuters) - Asian shares fell and the dollar steadied on Wednesday as investors waited for a key U.S. report on inflation to provide hints to the Federal Reserve's plans for future monetary tightening.The Consumer Price Index (CPI) report will be released later today, with markets watching for signs that inflation eased in July despite last week's unexpectedly strong U.S. jobs numbers.MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.51%, while Japan's Nikkei extended losses from the previous day and was down 0.65%.South Korea's KOSPI lost 0.64%, Australia's AXJO dropped 0.12%, and Taiwan's TAIEX fell 0.70%."I don’t think that we are through the bear market woods yet – recession risks loom and I don’t think the Fed is done with its aggressive belt tightening," said David...
Stocks fall Tuesday after House Speaker Nancy Pelosi lands in Taiwan
Business

Stocks fall Tuesday after House Speaker Nancy Pelosi lands in Taiwan

Stocks declined Tuesday after House Speaker Nancy Pelosi landed in Taiwan's capital of Taipei amid a high-pressure standoff with China. She and other members of Congress were greeted by a contingent of Taiwanese officials on the tarmac.  In a statement shortly after the plane landed, Pelosi said her visit was meant to honor "America's unwavering commitment to supporting Taiwan's vibrant Democracy."The S&P 500 fell 27 points, or 0.7%, to close at 4,091. The Dow Jones industrials declined 1.2% and the Nasdaq lost 0.2%.  "Speaker Pelosi's visit to Taiwan opens a dangerous period for U.S.-China-Taiwan tensions that will add to and elevate market risk as events unfold," Raymond James Equity Research analysts and Alex Anderson said in a report. ...
Pelosi confirms trip to Asia, but makes no mention of Taiwan
Politics

Pelosi confirms trip to Asia, but makes no mention of Taiwan

House Speaker Nancy Pelosi confirmed Sunday she will visit four Asian countries this week but made no mention of a possible stop in Taiwan that has fueled tension with Beijing, which claims the island democracy as its own territory.Pelosi said in a statement she is leading a congressional delegation to Singapore, Malaysia, South Korea and Japan to discuss trade, the COVID-19 pandemic, climate change, security and "democratic governance."Pelosi has yet to confirm news reports that she might visit Taiwan. Chinese President Xi Jinping warned against meddling in Beijing's dealings with the island in a phone call Thursday with President Biden. Beijing sees official American contact with Taiwan as encouragement to make its decades-old de facto indep...