Date
7 December 2019

BUSINESS

  • China said on Friday it will waive import tariffs for some soybeans and pork shipments from the United States, as the two sides try to thrash out an agreement to defuse their protracted trade war. The...
  • MTR Corp. expects a decline in full-year profit amid a drop in passenger numbers and massive vandalism to its train stations and facilities during the months-long protests, the Hong Kong Economic Journal reports. Costs related to the social...
  • Chinese investors more than doubled their Hong Kong stock purchases this year, braving market headwinds from violent street protests and the protracted Sino-US trade war, which have battered the city’s economy, Reuters reports. Data from the...
  •   The World Bank said its board has adopted a new plan to aid China with US$1 billion to US$1.5 billion in low-interest loans annually through June 2025, despite the objections of US Treasury Secretary Steven...
  • US authorities took aim at a Russian cybercriminal group known as Evil Corp., indicting its Lamborghini-driving alleged leader and ordering asset freezes against 17 of his associates over a digital crime spree that has netted more...
  • Ride-hailing firm Uber Technologies Inc. said it had received more than 3,000 reports of sexual assault, including rape, related to its trips in the United States in 2018, at a time when it operated roughly 1.3...
  • Oil producers led by Saudi Arabia and Russia agreed to cut output by an extra 500,000 barrels a day in the first quarter of 2020 but stopped short of pledging action beyond March, Reuters reports. The...
  • State-owned oil giant Saudi Aramco’s initial public offering (IPO) will be the biggest in history, but will fall short of the towering US$2 trillion valuation long sought by Crown Prince Mohammed bin Salman. Aramco priced its...
  • Facebook Inc. sued a Hong Kong company that it said baited people into clicking on celebrities’ photos and bogus advertising links so that it could install malware and run ads for counterfeit goods, diet pills and...
  • European Union finance ministers agreed that private digital currencies like Facebook’s Libra should not be allowed in the European Union until the risks they could pose are clearly addressed, Reuters reports. The move confirms the bloc’s...

WORLD