Date
20 October 2019

Industries

  • China has been accused of flooding the European market with cheap, subsidized steel. Photo: Reuters

    EU opens anti-dumping probe on China, Indonesia hot-rolled steel

    Oct 11, 2019 10:26am
    The European Commission has opened an anti-dumping probe into hot-rolled stainless steel from China and Indonesia following complaints that the two Asian nations are flooding the European market with cheap, subsidized steel. Separately, the Commission said...
  • A prototype of Toyota’s second-generation Mirai fuel-cell car is displayed at a media briefing in Tokyo. Photo: Reuters

    Toyota unveils revamped hydrogen sedan

    Oct 11, 2019 9:40am
    Toyota Motor unveiled a completely redesigned hydrogen-powered fuel cell sedan on Friday in its latest attempt to revive demand for the niche technology that it hopes will become mainstream, Reuters reports. Ahead of the Tokyo Motor...
  • The Boeing 737 NG planes found with structural cracks will be grounded until the repairs are made. Photo: Reuters

    Cracks found on 38 of 810 Boeing 737 NG jets inspected globally

    Oct 11, 2019 9:33am
    Boeing Co. said airlines had inspected 810 of the company’s 737 NG jets around the world and found 38 structural cracks requiring repair and replacement of the affected parts, Reuters reports. The planes will be grounded...
  • The Fed has eased the capital and liquidity rules for banks operating in the United States. Photo: Bloomberg

    Fed eases post-crisis rules for domestic, foreign banks

    Oct 11, 2019 9:25am
    The US Federal Reserve on Thursday unveiled a final package of rules easing capital and liquidity requirements for domestic US and foreign banks that were originally introduced following the 2007-2009 global financial crisis, Reuters reports. The...
  • Removing an app that Hong Kong protesters have used to track police movements, Apple said the app violated the firm's rules. Photo: Reuters

    Apple pulls HK police-tracking app after China criticism

    Oct 10, 2019 3:52pm
    Apple has removed from its app store an application, HKmap.live, which protesters in Hong Kong have used to track police movements, saying the app violated its rules. The move came after the US tech giant came under...
  • China Everbright Group could raise up to US$3 billion in the share offering, sources said. Photo: Reuters

    China Everbright Group to pursue Hong Kong IPO: report

    Oct 10, 2019 1:53pm
    State-owned financial conglomerate China Everbright Group aims to restructure its sprawling business and pursue a billion-dollar IPO next year in Hong Kong, Reuters reports, citing three people with direct knowledge of the matter. While the offering...
  • Huawei is expected to see some American firms resume supply of non-sensitive telecom components. Photo: Reuters

    US to issue licenses for supply of some goods to Huawei: report

    Oct 10, 2019 11:40am
    The United States will soon issue licenses allowing some US companies to supply non-sensitive goods to Chinese telecoms gear maker Huawei Technologies, the New York Times reported on Wednesday, citing people familiar with the matter. The...
  • Fitbit began exploring alternatives to China in a bid to shield itself from the Sino-US tariff war. Photo: Bloomberg

    Fitbit to shift production out of China from January

    Oct 10, 2019 9:54am
    Fitbit said on Wednesday that it will manufacture all its trackers and smart watches outside China from January, in an apparent move to insulate itself from tariffs, Reuters reports.  The wearable device maker was quoted as saying...
  • It is suspected that some discussion groups on the Douban platform have become too enthusiastic about their political views. Photo: Douban

    Why popular book and movie review website Douban got suspended

    - Oct 10, 2019 9:39am
    Douban, China’s fifth most popular social media platform, was virtually shut down over the weekend. The website is mainly for reviewing books and movies, but users also share photos and post messages on the platform. Douban...
  • State-backed entities are the most likely to target 5G networks, the European Commission said. Photo: Xinhua

    EU warns of 5G cybersecurity risks

    Oct 10, 2019 9:38am
    The European Union warned of the risk of increased cyber attacks by state-backed entities but refrained from singling out China and its telecoms equipment market leader Huawei Technologies as threats, Reuters reports. The comments came in...
  • There is growing evidence that TikTok in the United States is censoring content that is "not in line” with the Chinese government, Senator Marco Rubio said. Photo: Bloomberg

    US lawmaker calls for vetting of TikTok’s Musical.ly deal

    Oct 10, 2019 9:24am
    US Senator Marco Rubio asked a US national security panel to review TikTok owner Beijing ByteDance Technology Co. Ltd.’s acquisition of Musical.ly, arguing TikTok is used by the Chinese government to censor politically sensitive content, Reuters...
  • AirAsia's Philippine unit now expects to go public only sometime between the third quarter of next year and the first quarter of 2021. Photo: Bloomberg

    Philippines AirAsia delays IPO to 2020 or 2021

    Oct 9, 2019 4:29pm
    The Philippine unit of AirAsia is postponing its initial public offering (IPO) to next year or 2021 as it focuses on corporate reorganization and seeking funds from existing shareholders, Reuters reports. “According to our estimated timeline,...
  • China's Megvii, known for its facial recognition platform Face++, has strongly objected to a US move to include the company on a human rights-related trade blacklist. Photo: Bloomberg

    Goldman evaluating role in China’s Megvii IPO after US blacklist

    Oct 9, 2019 3:46pm
    Goldman Sachs is reviewing its involvement in Megvii Technology’s planned initial public offering after the US government placed the Chinese artificial intelligence firm on a human rights blacklist, Reuters reports. The US investment bank, in an...
  • Microsoft’s Surface Duo smartphone is displayed during a product event in New York on Oct 2. With the gadget, the firm will be re-entering a market it exited two years ago. Photo: Bloomberg

    Can Microsoft capture some smartphone space with Surface Duo?

    - Oct 9, 2019 1:56pm
    Smartphone users have been griping about lack of real innovation and absence of surprises in most new product launches in the industry in recent years. But last week there was a reminder that surprises could yet...
  • Twitter says personal data of users may have been 'inadvertently' used for advertising purposes, but the problem has since been fixed. Photo: Bloomberg

    Twitter admits personal data may have been used for advertising

    Oct 9, 2019 9:29am
    Twitter said on Tuesday that email addresses and phone numbers uploaded by users to meet the social media firm’s security requirements may have been ‘inadvertently’ used for advertising purposes. The micro-blogging site said the issue was...
  • Johnson & Johnson said it is confident the award will be overturned. Photo: Reuters

    Jury says J&J must pay US$8 bln in case over male breast growth

    Oct 9, 2019 9:21am
    A US jury said Johnson & Johnson must pay US$8 billion in punitive damages to a man who previously won US$680,000 over his claims that it failed to warn that young men using its antipsychotic drug...
  • GM's plan to shut down three assembly factories in Ohio and Michigan is among the issues behind a dispute between the management and the UAW. Photo: Reuters

    Why the GM strike drags on

    - Oct 9, 2019 8:29am
    The United Auto Workers’ (UAW) strike against General Motors has already lasted more than three weeks. In the past, such strikes, which would hurt both employers and workers badly, usually ended in a couple of days....
  • If Hong Kong authorities fail to resolve the ongoing crisis and allow the problems to fester, global investors will rethink their bets on the local financial market. Photo: AFP

    Ensuring financial system stability key task amid unrest

    - Oct 8, 2019 2:08pm
    On Sunday, Hong Kong’s High Court once again rejected an application from pan-democratic lawmakers for an interim injunction against the government’s new anti-mask law.  Yet, the court also said that it will hold a hearing by...
  • HKEx says it is disappointed that it has been unable to engage with LSE's management over a takeover offer. Photo: Bloomberg

    HKEx drops bid to buy London Stock Exchange

    Oct 8, 2019 10:11am
    Hong Kong Stock Exchanges and Clearing (HKEx) said on Tuesday that it has dropped its US$39 billion bid to acquire London Stock Exchange Group (LSE). In a statement, Hong Kong’s stock market operator said it has...
  • Hangzhou-based Hikvision, the world's largest supplier of video surveillance products, is among the Chinese firms put on the US Entity List. Photo: Bloomberg

    US puts Hikvision, China security bureaus on economic blacklist

    Oct 8, 2019 9:18am
    The US Commerce Department put 28 Chinese public security bureaus and companies, including video surveillance company Hangzhou Hikvision Digital Technology Co. Ltd. (002415.CN), on a US trade blacklist over Beijing’s treatment of Uighur Muslims and other...