Author: admin

24 Jan Green shipping: China Merchants to build emission-cutting propulsion system for UK-based BAR Tech

Posted at 08:30h in Asia

“In looking at where we manufacture our WindWings, we recognised we have to align our production with the leading nations in global shipping construction,” BAR Tech CEO John Cooper said in a joint statement.“China Merchants Group has many shipyards in their wider group, but this...

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24 Jan Opinion | Debt deals must become part of a country’s economic plan

Posted at 08:30h in Asia

Bankers at the World Economic Forum in Davos are the latest to warn that the sovereign debt of low-income countries has reached a breaking point as high interest rates, the pandemic’s aftermath, sluggish growth worldwide, and a strong dollar persist – troubles that forced Ethiopia’s...

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24 Jan China to double down on support for Hong Kong as nation’s international financial hub for bonds, green finance, minister says at AFF

Posted at 07:30h in Asia

Beijing’s financial authorities will double down for their support of Hong Kong as China’s global financial centre, opening the doors for more bonds and green financing instruments to be issued and traded in the city, the bank regulator said.The mainland branches of banks domiciled in...

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24 Jan Asian Financial Forum: Hong Kong and Saudi Arabia agree to deepen collaboration between their financial markets on first day of annual event’s 17th edition

Posted at 06:30h in Asia

“This collaboration marks a significant stride in solidifying Hong Kong’s position as a leading international financial centre,” Laurence Li, the FSDC’s chairman, said during the opening ceremony of AFF.The two-day conference, which brings together hundreds of leaders from the government, finance and business communities,...

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24 Jan Hong Kong stocks extend rebound as Alibaba jumps 5% on insider buying, China vows more support to calm market

Posted at 02:40h in Asia

Hong Kong stocks rose for a second day to a one-week high, fuelled by the biggest gain in Alibaba Group in two months, amid speculation about corporate insider buying. China’s securities regulator added to the verbal support for the local financial markets.The Hang Seng...

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24 Jan eBay to slash 1,000 roles, or 9% of full-time employees, joining tech giants Amazon, Alphabet in making job cuts

Posted at 02:31h in Asia

eBay will cut about 1,000 jobs, or 9 per cent of its full-time employees, and reduce work for its outside contractors, saying its staffing and expenses have outpaced growth.The e-commerce company said it needs to be “more nimble” in the face of a “challenging” economic...

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24 Jan Exclusive | Jack Ma, Joe Tsai replace SoftBank as Alibaba’s largest shareholders by scooping up tech giant’s tumbling shares in Hong Kong, New York

Posted at 02:25h in Asia

Jack Ma and Joe Tsai, the co-founders of Alibaba Group Holding, have emerged as the two largest shareholders of the e-commerce giant by aggressively scooping up its tumbling shares in New York and Hong Kong.Ma, who retired as Alibaba’s executive chairman in...

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24 Jan Hong Kong property: Templeton joins China Re in relocating to Two IFC as office rents fall

Posted at 00:30h in Asia

Hong Kong’s Two International Finance Centre (Two IFC) seems to be the preferred address for the banking and finance sector, as office vacancy rates rise and rents fall in the city.Just a week after China Re Asset Management, a state-owned reinsurer, said it...

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23 Jan Nvidia CEO’s low-key China visit seen as a goodwill gesture towards key market as US chip firm grapples with sanction issues

Posted at 23:00h in Asia

Nvidia Corp CEO Jensen Huang’s first trip to mainland China in four years has been a goodwill gesture to the chip designer’s staff and clients in the country, which remains a key market despite tough US restrictions, analysts say.While Nvidia did not release details of...

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23 Jan Opinion | How China’s stock rout was 8 years in the making

Posted at 21:30h in Asia

This list is as relevant today as in the summer of 2015, when plunging Shanghai shares panicked Wall Street. As mainland stocks lost 30 per cent of their value in three weeks, officials in Washington, Brussels and Tokyo wondered whether China was about to produce...

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