Beijing has confirmed Xi Jinping as president, replacing Hu Jintao who is stepping down after 10 years at the top.

Singapore-listed Golden Agri-Resources Ltd, the world's second-largest palm oil producer, said Wednesday its Liberia business Golden Veroleum has received a $500 million loan from the China Development Bank to develop palm plantations in the African country.

Hong Kong-based Cathay Pacific has announced profits have fallen 83 percent amid higher fuel costs and a drop in demand for corporate travel.

Resource-starved Japan has extracted methane hydrate - better known as "fire ice" - from its seabed in what has been described as an energy breakthrough.

India's GVK has joined forces with Aurizon, Australia's largest rail freight company, to build the infrastructure needed for the development of the Galilee Basin in central Queensland.

Car sales in India's passenger market fell by nearly 26 percent last month on an annual basis, industry figures show.

Howard Stringer, Sony board chairman, who served as president and CEO from 2005 to 2012, is to retire, he announced.

Tokyo stocks closed 2.

Arsenal will become the first Premier League club to play in Vietnam during their pre-season tour to Asia this summer.

North Korea is scrapping all non-aggression pacts with South Korea, closing its hotline with Seoul and shutting the shared border point after the United Nations Security Council unanimously backed toughened sanctions against the regime following nuclear tests in the country last month.

The excitement is building as this year's F1 season draws near.

India on Wednesday approved a proposal by Malaysia's AirAsia to invest 800 million rupees ($14.

Sydney-based property fund manager Goodman Group has acquired a 25 percent stake in ATL Logistics Centre Hong Kong (ATL), the world's largest logistics facility.

Hilton Worldwide has become the first major international hotel company to announce its entry into Myanmar.

In a rare move for a Japanese firm, Sharp has announced a Y10.

Once again Li Ka-shing is Asia's richest person according to a list of the world's richest people released by Forbes magazine.

Former Manchester United hero Cristiano Ronaldo stole the show and crowned his first match back at Old Trafford since leaving for Spain with the decisive goal as Real Madrid beat the English side 2-1 in their Champions League last-16 second-leg clash on Tuesday.

Asia Outlook talks to Pete Richardson corporate sales manager at Legend Lodges, Hotels & Resort, a unique, world-class resort that is home to the world famous Extreme 19th.