Date
22 September 2018

BUSINESS

  • The Hang Seng Index hit a record high of 33,484 points on January 29, and then tumbled 20 percent from its peak for the first time on September 7. Technically speaking it has already entered the...
  • Next month, the US Department of the Treasury is due to submit to Congress its biannual report detailing which countries, if any, are manipulating their currencies to gain an unfair trade advantage. For his part, President...
  • Chinese business tycoon Jack Ma, the co-founder of e-commerce giant Alibaba Group, said on Thursday that people should make preparations for 20 years of China-US trade frictions. The economic situation is not good, and that could...
  • Uber Technologies is in early talks to buy food-delivery company Deliveroo, Bloomberg reports, citing people familiar with the matter. London-based Deliveroo was valued at more than US$2 billion in a financing deal last year. Any offer...
  • Adobe Systems has agreed to buy Marketo, a California-based marketing software firm, for US$4.75 billion, a move that signals its ambitions for cloud-based digital marketing. Marketo’s business-to-business marketing applications will complement Adobe’s digital marketing business, which...
  • The cryptocurrency market has hit the bottom, setting the stage for a bounce-back of units like the bitcoin, according to Michael Novogratz, founder of cryptocurrency asset management firm Galaxy Digital Capital Management. Bitcoin witnessed a “classic...
  • Entrepreneurs and academics in China seem to realize that the biggest headwind for the nation’s economy is a deteriorating internal business environment rather than the US-China trade war. At the recent Chinese Economists 50 Forum (CE50)...
  • Forget the crypto counters or China concept stocks like Nio or Pinduoduo. The red-hot names in the US market right now are cannabis plays. Take a look at Tilray, the Canada-based marijuana producer that went public...
  • Alibaba chairman Jack Ma last week signaled that the group is about to enter the next stage of its development when he announced that he is stepping down as chairman next year and passing the mantle of...
  • The Hang Seng Index has already tumbled over 6,000 points from its peak this year. Investors might have had their hopes too high and are now coming to terms with reality. So what are the worst...

WORLD

  • There has been chatter that Ping An Insurance (02318.HK), one of China’s leading insurance groups, is shutting down an asset management unit and switching to passive investment management using artificial intelligence (AI). “It will only leave three positions...
  • Recently, a minor argument over check-in time between a visiting Chinese family and the staff of a hostel in Stockholm has escalated into a diplomatic spat between China and Sweden. According to a mainland newspaper, a...
  • Artificial Intelligence (AI) is evolving rapidly, changing the way that humans interact with the world. The idea of a dystopian future in which humanoid robots take over human jobs as seen in the hit TV series...
  • The United States on Thursday imposed sanctions on the Chinese military for buying fighter jets and missile systems from Russia, saying the purchases represent breach of a US sanctions law against Moscow. The State Department said...
  • Mangkhut may have been the strongest typhoon in Hong Kong in recent memory, but locals had to rely on pretty much the same resources as in the past for their weather information. Sure, there are a few new...

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