Date
23 August 2019

Business

  • If China intervenes directly to crack down on Hong Kong protesters, the US will review the special trade status granted to Hong Kong, US lawmaker Ben Cardin warned. Photo: Reuters

    US senator warns China on HK trade status if it intervenes

    Aug 14, 2019 3:10pm
    A prominent US senator warned China on Tuesday that Hong Kong could lose its special US trade status if Beijing intervenes directly to crack down on pro-democracy protests in the city, Reuters reports. “I can assure...
  • Anbang is said to be planning to sell the entire Japanese property portfolio it had acquired earlier from Blackstone. Photo: Bloomberg

    China’s Anbang puts Japan properties up for sale: report

    Aug 14, 2019 2:40pm
    China’s Anbang Insurance Group has put its US$2.4 billion property portfolio in Japan up for sale, Reuters reports, citing sources familiar with the matter. Blackstone Group, which had owned the assets previously before selling them to...
  • Next Digital aims to boost revenue with its new subscription business model. Photo: Reuters/Internet

    Next Digital looks to subscription as major revenue source

    - Aug 14, 2019 12:31pm
    After a two-month beta testing of its paid subscription business model, Next Digital has announced the official pricing for its Apple Daily online editions in Hong Kong and Taiwan. The new subscription model, which will start on...
  • Chinese authorities will be concerned over July economic data, which showed marked weakening in industrial output and retail sales growth, among other key indicators. Photo: Reuters

    China industrial output growth falls to 17-year low

    Aug 14, 2019 12:03pm
    China reported a slew of weak economic data on Wednesday, including a slide in industrial output growth to a more than 17-year low, as the country grapples with a US trade war. Industrial output grew 4.8...
  • Microsoft and Qualcomm have collaborated with Samsung in the latter's new Galaxy Book S laptop computer. Photo: Samsung/Youtube

    Why Microsoft, Qualcomm teamed up with Samsung on new laptop

    - Aug 14, 2019 11:24am
    Samsung unveiled its long-awaited smartphone model Galaxy Note 10 in New York last week. At the same time, the Korean tech giant also introduced the Galaxy Book S laptop computer, which is powered by a Qualcomm...
  • The US aviation regulator has alerted airlines about carriage of recalled MacBook Pro laptops on board. Photo: Bloomberg

    US aviation regulator bans recalled MacBook Pros from flights

    Aug 14, 2019 10:39am
    The Federal Aviation Administration (FAA) in the United States has banned certain models of Apple’s MacBook Pro laptops on flights, after the company recalled select units which had batteries posing fire risks, Reuters reports. “The FAA...
  • US President Donald Trump’s unpredictability has heightened risks for exporters and anyone else responsible for making long-term investment decisions. Photo: Bloomberg

    Trump’s one-way economy

    - Aug 14, 2019 10:25am
    Nowadays, when people ask me how I am, I answer, jokingly, that I’m doing great, so long as I ignore Donald Trump’s presidency in the United States, Brexit, the crisis of the United Kingdom’s major political...
  • Viacom's merger with CBS will create an entity with US$30 billion in market value. Photo: Reuters

    CBS, Viacom to reunite in mega merger

    Aug 14, 2019 9:22am
    CBS Corp and Viacom have reached a deal to reunite, betting that a larger company will be able to compete and partner better in a media industry dominated by giants, Reuters reports. The new company will...
  • A model displays Snap's new version of its Spectacles sunglasses. Photo: Snap/Handout via Reuters

    Snap to launch new Spectacles version in AR push

    Aug 14, 2019 9:16am
    Snap Inc. said it will launch a new version of its Spectacles sunglasses that will have the capability of capturing photos and videos and uploading them directly to its unit Snapchat, Reuters reports. Snap has struggled...
  • Donald Trump said he decided to delay new tariffs on Chinese goods in order to reduce their impact on US holiday shoppers. Photo: Reuters

    Trump delays tariffs on some Chinese goods

    Aug 14, 2019 9:10am
    The Trump administration announced on Tuesday that new tariffs on some Chinese goods will be delayed from the previous schedule of Sept. 1, a move aimed at blunting their impact on US holiday sales  The delay,...
  • The HKMA has taken a series of initiatives to bolster Hong Kong's status as an international financial center, including the licensing of virtual banks. Photo: Bloomberg

    Hong Kong’s financial technology is getting traction

    - Aug 13, 2019 5:01pm
    Innovative technology continues to transform traditional industries.  The Hong Kong Monetary Authority (HKMA) has launched a series of initiatives to bolster the city’s status as an international financial center. At the end of last year, it started...
  • The RMB's exchange rate is 'appropriately aligned with fundamentals of China’s economy and market supply and demand,' a PBoC official says. Photo: Bloomberg

    China’s currency at appropriate level: PBoC official

    Aug 13, 2019 4:53pm
    China’s currency, the renminbi, is at an appropriate level now, a senior central bank official said on Tuesday, adding that two-way fluctuations in the unit will not necessarily cause disorderly capital flows. “The current level of...
  • Huawei plans to deploy its Harmony operating system across multiple devices in the coming years, helping the firm establish itself in the IoT era. Photo: Reuters

    Huawei readies for connected device era with Harmony OS

    - Aug 13, 2019 1:34pm
    Ending months of speculation, Chinese telecoms equipment giant Huawei Technologies has unveiled a self-developed operating system for smartphones and other devices, claiming that it can now defend itself even in the worst-case sanctions scenario amid the...
  • Washington has accused Beijing of manipulating its currency, escalating the year-long trade war between the two sides. Photo: Reuters

    A currency war will only weaken growth

    - Aug 13, 2019 10:40am
    A few months ago many of us read about the conspiracy theory of “the nuclear option”, according to which China could generate a huge debt crisis in the United States and destroy the US economy if...
  • Reduced government subsidies have affected sales of new energy vehicles in China. Photo: Bloomberg

    China new-energy vehicle sales drop for 1st time in over 2 years

    Aug 13, 2019 9:53am
    Sales of new energy vehicles (NEVs) in China fell 4.7 percent in July from a year earlier, the first drop in more than two years, Reuters reports, citing data from an auto industry association. NEV sales...
  • Just like other Chinese search engines, ByteDance's Toutiao Search offers censored results. Photo: Reuters

    ByteDance launches new search engine in China

    Aug 13, 2019 9:52am
    ByteDance, the owner of short-video app TikTok, has launched a new search engine in China, entering a sector currently dominated by Baidu Inc., Reuters reports. Beijing-based ByteDance is moving beyond its core businesses in news and...
  • Analysts expect the People's Bank of China to cut banks’ reserve requirement ratios further in coming months, on top of six reductions since early 2018. Photo: Bloomberg

    China new loans dip more than expected in July

    Aug 13, 2019 9:38am
    China’s banks extended surprisingly fewer new yuan loans in July, while growth of money supply and total social financing also slowed, raising pressure on the central bank to ease policy further to support the slowing economy....
  • Aramco's partnership with Reliance will cover all of the Indian conglomerate's refining and petrochemical assets. Photo: Bloomberg

    India’s Reliance to sell 20% stake in energy business to Aramco

    Aug 12, 2019 4:24pm
    India’s Reliance Industries, controlled by mega-billionaire Mukesh Ambani, is set to sell a 20 percent stake in its oil and chemicals business to Saudi Aramco, according to an announcement on Monday. “(This is) the biggest foreign...
  • Responding to criticism from China, Coach has apologized for the design of a T-shirt which identified Taiwan as a country. Photo: Bloomberg

    Coach, Givenchy in hot water over China T-shirt row

    Aug 12, 2019 4:02pm
    Chinese brand ambassadors of fashion labels Coach and Givenchy have severed ties with the firms over products which they said violated China’s sovereignty by identifying Hong Kong and Taiwan as countries, Reuters reports. The brands are...
  • In response to the emergence of cryptocurrencies like bitcoin, China's central bank has vowed to create a digital currency that is backed and managed by itself. Photo: Bloomberg/Reuters

    China ready to launch official digital currency soon

    Aug 12, 2019 1:01pm
    After five years of development, China’s official digital currency “can now be said to be ready”, says Mu Changchun, deputy director at the Payment and Settlement Department of the People’s Bank of China (PBoC). Speaking at the...

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