Cathay Pacific is being investigated and faces possible legal action over an Omicron coronavirus outbreak in Hong Kong that began with the airline's employees, the city's leader said on Tuesday.

Cash-strapped property firm China Evergrande Group has left what has been its headquarters in the city of Shenzhen and relocated to nearby Guangzhou, Chinese media say

Singapore continued its good start to the year while Hong Kong extended recent gains and there were advances in Shanghai, Taipei, Manila, Mumbai, Bangkok and Jakarta. Tokyo was closed.

Emerging economies should be ready for potential turbulence, the IMF said, as faster-than-expected US rate hikes could trigger capital outflows and currency depreciation

Officials in the northern city have tightened exit controls and requires residents to get approval from employers or local authorities before leaving town in a bid to block the spread of the Covid variant.

China's New Oriental dismissed 60,000 employees and saw its income plunge 80% after Beijing barred for-profit tutoring in July 2021, founder Yu Minhong said. It has since moved into new fields

President Gotabaya Rajapaksa asks Wang Yi for help to restructure debt repayments so South Asian nation can avoid a major financial crisis, after billions lavished on 'low return' projects

Amazon has filed fresh challenges in its long dispute with Indian retailer Future Group after the anti-monopoly agency suspended a 2019 deal between the two sides

India and the Philippines have both seen a huge surges of cases in recent days, while 14 million people have been told to stay at home in Tianjin, the port near Beijing.

China's foreign minister Wang Yi on Saturday pledged $63 million in grants to the Maldives for infrastructure projects, in a bid to deepen cooperation between the two countries.

Asia's richest man Mukesh Ambani has bid for a controlling stake of the Mandarin Oriental Hotel in New York. The hotel would become part of Reliance's hospitality interests.

Sri Lanka paid a Chinese company $6.8 million despite rejecting its shipment of organic fertiliser as substandard, even though Colombo has a serious foreign exchange crisis.