Date
25 March 2019

BUSINESS

  • I recently bumped into Nicholas Yang Wei-hsiung, the Secretary for Innovation and Technology, at an event, and took the opportunity to discuss the prospects for innovation and technology development in Hong Kong. During our conversation, I...
  • China will reduce direct government intervention in its vast industrial sector, the industry minister said on Monday, as Beijing seeks to ease concerns about its industrial policy, core to Washington’s complaints in the Sino-US trade war....
  • The United States’ Federal Reserve has said it will ease the reduction of its balance sheet – lowering the monthly cap to US$15 billion in May from US$30 billion at present – and halt the drawdown...
  • It is widely recognized that China is globally well-integrated from a trade perspective (it accounted for 13 percent of total world exports in 2017 according to the WTO). Yet in comparison, its financial markets remain in...
  • Chinese internet giants Tencent (00700.HK) and Alibaba are reportedly competing to buy a 10 percent stake in A.S. Watson Group held by Temasek Holdings. In recent years, global internet firms including Alibaba, Tencent and Amazon have...
  • Uber Technologies is set to offer over US$3 billion to buy Dubai-based rival Careem Networks FZ, Reuters reports, citing two sources familiar with the deal. Uber’s offer could be unveiled during the early part of this...
  • US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will travel to Beijing for the latest round of high-level trade talks scheduled to start on March 28, Reuters reports, citing a White House statement. The...
  • American Airlines said it will extend flight cancellation through April 24 because of the grounding of the Boeing 737 MAX after two fatal crashes since October and cut some additional flights, Reuters reports. American, the largest US...
  • Pinterest Inc, the owner of the image search website known for the food and fashion photos that its users post, filed for an initial public offering with US regulators on Friday, Reuters reports. The filing comes...
  • After grabbing the No. 1 spot in the Indian smartphone market, China’s Xiaomi Corp (01810.HK) has rolled out its mobile payment service, Mi Pay, in the world’s second most populous nation. Following a December launch in...

WORLD

  • The political atmosphere is heating up in the Taiwan Strait because of the convergence of developments in China, Taiwan and the United States. In China, President Xi Jinping is becoming visibly impatient, asserting that unification of...
  • Two major political parties raised doubts on Monday about the results of Thailand’s general election after a party linked to the military took a surprise lead in the popular vote that suggested the country’s junta chief...
  • One reason I have for visiting East African countries is to find out more about Africa’s significance as a strategic base in the context of China’s Belt and Road policy. There are traces of Chinese enterprises...
  • British Prime Minister Theresa May held crisis talks with senior colleagues and hardline Brexiteers on Sunday trying to breathe life into her twice-defeated European divorce deal after reports her cabinet was plotting to topple her, Reuters...
  • Special Counsel Robert Mueller found no evidence of collusion between US President Donald Trump’s campaign team and Russia, and did not present enough evidence to warrant charging Trump with obstruction of justice, US Attorney General William...

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