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09 Jan Typhoon Doksuri’s 2023 rampage across China leaves US$23 billion shortfall in insurance coverage, Munich Re says

Posted at 07:30h in Asia

Typhoon Doksuri, which triggered extreme flooding across China last summer, was one of the costliest natural disasters worldwide in 2023, leaving a multibillion-dollar shortfall in insurance coverage, according to experts.The catastrophe caused US$25 billion in economic losses, the second-costliest natural disaster worldwide and the costliest...

09 Jan Traders take cover by loading up on high dividend stocks as Chinese market makes worst start in two decades

Posted at 07:00h in Asia

Chinese investors have been taking shelter in high dividend stocks to ride out the market’s worst start to a year in more than two decades.The CSI Dividend Index of the 100 companies on the Shanghai and Shenzhen exchanges that have a good track record...

09 Jan Too big to ignore: China made up 15% of revenue for the world’s top 200 multinational companies in 2022, Bain’s data shows

Posted at 05:27h in Asia

China remains an important market for multinational corporations (MNCs) this year as executives eye opportunities from a rebound in consumption, even if their prospects have been bedevilled by challenges ranging from geopolitical risks to competition with local rivals.China made up about 15 per cent of...

09 Jan Hong Kong stocks snap 5-day slump as China rate-cut hopes as Alibaba, HSBC help lift market from 13-month low

Posted at 02:26h in Asia

Hong Kong stocks advanced after Beijing hinted at more policy support to shore up the nation’s faltering economic growth. Three companies started trading for the first time, with two of them suffering steep losses.The Hang Seng Index rose 0.6 per cent to 16,313.73 at...

09 Jan Alibaba’s AliExpress, PDD-owned Temu face supply chain challenges in South Korea amid rapid business expansion

Posted at 02:00h in Asia

This article was first published by The Korea Times in a partnership with the South China Morning Post.China’s e-commerce giants are now the fastest-growing online platforms for Korean shoppers, but they are still grappling with problems of long delivery time and unstable product quality,...

09 Jan Opinion | 4 bright spots for Asian property in 2024

Posted at 01:30h in Asia

Among the trends and themes to watch this year, four warrant close attention. First, it is worth keeping an eye on Australia’s housing market. Not only did prices in the capital cities bounce back 8.1 per cent last year following a nearly 5 per...

09 Jan China’s retail sales to weaken this year as falling home prices, jobs outlook feed consumer insecurity: UBS

Posted at 00:00h in Asia

Falling home prices and fears about job prospects will deter Chinese consumers from freely spending on goods such as clothes and home appliances, weighing on the nation’s retail sales growth, according to UBS.Retail sales are expected to climb 5.5 per cent in 2024, one...

08 Jan Tiger Woods, Nike to split after more than 27 years

Posted at 18:32h in Canada

Tiger Woods and Nike indicated Monday they have parted ways after more than 27 years.Woods in a social media post thanked Nike co-founder Phil Knight for his "passion and vision" that brought Nike and the Nike Golf partnership with Woods together."Over 27 years ago, I...

08 Jan Boeing issues 737 Max 9 inspection instructions after Alaska incident

Posted at 16:20h in Europe

The fuselage plug area of Alaska Airlines Flight 1282 Boeing 737-9 MAX, which was forced to make an emergency landing with a gap in the fuselage, is seen during its investigation by the National Transportation Safety Board (NTSB) in Portland, Oregon, U.S. January 7, 2024....

08 Jan Tencent’s Pony Ma says 2021 WeChat photo privacy controversy was ‘misunderstanding’ that was fixed with update

Posted at 14:30h in Asia

Pony Ma Huateng, founder, chairman and CEO of Tencent Holdings, has described a 2021 privacy controversy sparked by a photo issue with its all-purpose super app WeChat as a “misunderstanding”, according to a local media report.Ma described the issue as “a misunderstanding caused by cache...

Author: admin