Hong Kong stocks dropped for a second day pressured by weakness in the Chinese yuan currency which hovered around a five-month low. Investors are also cautious awaiting trade data which is expected to show a contraction in exports from the world’s second-largest economy.The Hang Seng...
Rents in Singapore’s office market rose in the first three months of the year, shaking off two consecutive quarters of declines as some tenants snapped up limited premium spaces and others renewed their leases instead of relocating owing to cost considerations, according to Colliers.In the...
As members of Parliament accuse Bell Canada of corporate greed, the head of the company is defending its decision to cut thousands of jobs, citing a shift in Canadians' viewing habits away from traditional TV.Liberals, Conservatives and New Democrats grilled CEO Mirko Bibic during often...
The hi-tech manufacturing hub of Suzhou has unveiled a plan to double the city’s cross-border e-commerce annually for the next three years, as it looks to tap into the growing influence of Chinese platforms such as Shein and PPD Holdings’ Temu.The municipal government of the...
Lianjia, mainland China’s largest real estate brokerage, has teamed up with coffee chain operator Manner to open a cafe in one of its outlets in Shanghai, launching a crossover marketing campaign to drive transactions amid lack of homebuying interest.The property agency opened the Manner coffee...
All financial institutions licensed by the Securities and Futures Commission (SFC) to carry out regulated activities should be required to submit environmental, social and governance (ESG) reports that cover their overall greenhouse gas emissions for the development of a comprehensive ecosystem of sustainability disclosures in...
China’s state-owned enterprises (SOEs) are “shifting gears” to raise their game and boost earnings by adding innovation, research and supply-chain security to their focus and performance yardsticks, an industry analyst said.The new approach, spelled out by Beijing earlier this year, represents a “distinct departure” from...
After months of speculation, the Shanghai-based art fair operator Art021 is launching a Hong Kong fair, scheduled for this summer – provisionally July.Called Art021 Hong Kong, the inaugural edition is planned as an invitation-only event: all the galleries involved have been selected by the organisers.With...
Huawei Technologies launched its revamped Luxeed S7 electric sedan, co-developed with Chinese carmaker Chery Auto, and a new personal computer (PC) with built-in artificial intelligence (AI) support at its latest event on Thursday, but there was no mention of the highly anticipated P70 smartphone.The new...
Goldman Sachs still expects stubbornly high U.S. inflation to ease over the coming months, despite investors slashing bets for Federal Reserve interest rate cuts, after yet another print showed that consumer prices remain sticky.The consumer price index accelerated at a faster-than-expected pace in March, according...