Date
20 September 2019

BUSINESS

  • India's effective corporate tax rate has been lowered to 25% from 30%, Finance Minister Nirmala Sitharaman announced on Friday. Photo: Bloomberg

    India cuts corporate taxes in bid to revive growth

    Sep 20, 2019 4:43pm
    India slashed corporate taxes on Friday, giving a surprise US$20.5 billion break aimed at reviving private investment and lifting growth from a six-year low that has caused job losses and fueled discontent in the countryside. Finance...
  • Global REITs earn their rental income from the three most developed regions in the world, the United States and Canada, Asia Pacific, and Europe. Photo: AFP

    Global REITs provide diversification and stable dividend

    - Sep 20, 2019 4:15pm
    We have recently published, once again through the publishing department of the Hong Kong Economic Journal, our third Chinese book on real estate investment trusts (REITs). The previous incarnation of this book, which won an award...
  • Thomas Cook warned that a recapitalization plan could mean shareholders losing all of their investment. Photo: AFP

    Thomas Cook scrambles for US$250 million to avert collapse

    Sep 20, 2019 4:08pm
    Britain’s Thomas Cook scrambled on Friday to find an extra 200 million pounds ($251 million) to satisfy its lenders and secure the survival of the world’s oldest holiday company. Last month Thomas Cook, the pioneer of...
  • CIC chairman Peng Chun said international capital markets are in turmoil and the risk for assets is growing. Photo: HKEJ

    China state fund CIC cautious of US investment amid trade war

    Sep 20, 2019 3:21pm
    China Investment Corp. said on Friday the Sino-US trade war has made it more cautious about investing in the United States, after the Chinese sovereign wealth fund posted a dive in yearly profit, Reuters reports. China...
  • Traders work on the floor of the New York Stock Exchange. The entry of new exchanges may lower trading costs as the upstarts try to take business from the incumbents. Photo: Reuters

    New entrants to heat up US stock exchange competition

    Sep 20, 2019 11:20am
    At least three new US stock exchanges are expected in 2020, potentially lowering trading costs as the upstarts try to take business from the incumbents, while also adding complexity to the marketplace, Reuters reports. There are...
  • New York has extended its lead over London as the world’s top financial center, according to compilers of the Global Financial Centers Index. Photo: Bloomberg

    New York is top financial hub, London barely ahead of HK: poll

    Sep 20, 2019 10:39am
    New York has extended its lead as the world’s top financial center, with London barely holding on to second place ahead of Hong Kong as uncertainty over Brexit takes its toll on the UK capital, a...
  • Amazon CEO Jeff Bezos speaks about his firm’s sustainability efforts at a news conference in Washington, DC on Thursday. Photo: Bloomberg

    Amazon vows to be carbon neutral by 2040

    Sep 20, 2019 9:57am
    Amazon founder and CEO Jeff Bezos pledged to make the e-commerce behemoth net carbon neutral by 2040, responding to growing concerns around the world about climate change. “We know we can do it and we know...
  • San Francisco-based payments startup, co-founded by Patrick Collison, has seen its valuation jump by more than half since the start of the year. Photo: Bloomberg

    Fintech startup Stripe valued at US$35 bln in latest funding

    Sep 20, 2019 9:38am
    US payments startup Stripe said on Thursday that it is raising US$250 million in a new funding round, valuing the firm at US$35 billion. The deal marks a dramatic 56 percent surge in the company’s valuation...
  • Richard Yu, chief executive of Huawei's consumer business group, launches the Mate 30 smartphone at the Convention Center in Munich, Germany, on Thursday. Photo: Reuters

    Huawei unveils Mate 30, plays down lack of access to Google apps

    Sep 20, 2019 9:31am
    Huawei unveiled its new smartphones to challenge Apple’s iPhone 11, talking up slick design and best-in-class features while playing down concerns about the lack of access to Google’s popular apps. At a glitzy launch in the...
  • Facebook CEO Mark Zuckerberg. accompanied by aides and members of news media, walks to senators' offices on Capitol Hill in Washington on Thursday. Photo: Reuters

    Facebook CEO meets Trump, seeks to mend fences in Washington

    Sep 20, 2019 9:20am
    Facebook chief executive Mark Zuckerberg met with US President Donald Trump on Thursday during a fence-mending visit to Washington where the chief executive faced aggressive questioning from lawmakers about the social network’s failures to protect consumer...
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WORLD

  • Children and adults attend a protest as part of the world’s largest climate strike in Sydney on Friday. Photo: AFP

    Asia-Pacific students kick off global climate strike

    Sep 20, 2019 3:03pm
    Thousands of students took to the streets of Australia and other Asia-Pacific countries on Friday to kick off a global strike demanding world leaders gathering for a UN Climate Action Summit adopt urgent measures to stop...
  • Taiwan's Foreign Minister Joseph Wu said Beijing has promised to provide full funds for the procurement of several airplanes and commercial ferries to Kiribati. Photo: Bloomberg

    Taiwan cuts ties with Kiribati amid China tension

    Sep 20, 2019 2:54pm
    Taiwan said on Friday it has cut official ties with the Pacific island nation of Kiribati, losing another ally amid Chinese pressure on nations with diplomatic relations with the self-ruled island, Reuters reports. China claims Taiwan...
  • Protesters with placards participate in The Global Strike 4 Climate rally in Sydney, Australia, on Friday. Photo: AAP via Reuters

    Climate Code Red

    - Sep 20, 2019 10:43am
    When emergencies strike, special processes within governments and communities swing into gear. And everyone steps up to help. The world is now in a climate emergency. At the United Nations Climate Action Summit in New York...
  • Prime Minister Justin Trudeau asked for forgiveness after pictures of him in blackface emerged this week. The picture was published in The View yearbook and obtained by Time. Photo: Handout via Reuters

    Trudeau vows to continue campaign amid blackface scandal

    Sep 20, 2019 8:43am
    Canadian Prime Minister Justin Trudeau vowed to continue his re-election campaign and asked for forgiveness after pictures of him in blackface emerged less than five weeks before the national vote, Reuters reports. The Liberal Party leader’s...
  • Benny Gantz (left) of the centrist Blue and White party swiftly rejected Prime Minister Benjamin Netanyahu's offer of a coalition government. Photo: Reuters

    Netanyahu offer of unity government rebuffed by rival Gantz

    Sep 20, 2019 7:39am
    Israel’s weakened Prime Minister Benjamin Netanyahu saw his offer of a coalition with his strongest political rival swiftly rebuffed after failing to secure a governing majority in a tight election, Reuters reports. Netanyahu’s surprise move was...
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Living

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