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23 05, 2019

US-China tech battle hammers stocks from Shanghai to Hong Kong

By | 2019-05-23T09:41:05+00:00 May 23rd, 2019|Business|Comments Off on US-China tech battle hammers stocks from Shanghai to Hong Kong

China and Hong Kong stocks suffered steep losses on Thursday, weighed down by technology shares, as investors feared a new US-China tech war on media reports that Washington was considering blacklisting more Chinese tech firms.The Shanghai Composite In...

23 05, 2019

Growth in home prices in China’s bigger cities may push up costs countrywide, think tank says

By | 2019-05-23T07:54:53+00:00 May 23rd, 2019|Business|Comments Off on Growth in home prices in China’s bigger cities may push up costs countrywide, think tank says

Growth in home prices in China’s bigger cities is expected to outperform the national average in 2019, the Chinese Academy of Social Sciences, a top government think tank, said in report released on Thursday.A relatively short supply of new homes will ...

22 05, 2019

Hong Kong television broadcaster sets up task force to recover the bond default that pushed it into its first financial loss since 2008

By | 2019-05-22T14:00:20+00:00 May 22nd, 2019|Business|Comments Off on Hong Kong television broadcaster sets up task force to recover the bond default that pushed it into its first financial loss since 2008

Television Broadcasts Limited (TVB), Hong Kong’s dominant free-to-air terrestrial television provider, said it has set up a task force to recover US$106 million lost through two bonds investments in SMI Holdings.The investments in SMI’s secured and uns...

22 05, 2019

No US-China trade deal any time soon unless two key obstacles are overcome

By | 2019-05-22T14:00:18+00:00 May 22nd, 2019|Business|Comments Off on No US-China trade deal any time soon unless two key obstacles are overcome

A sudden turn for the worse in US-China trade tensions has sent shock waves through financial markets over the past two weeks. The tariff escalation by the US and then China was followed by a sharp depreciation in the renminbi, Washington’s blacklistin...

21 05, 2019

Huawei founder Ren Zhengfei says clash with the US was ‘inevitable’

By | 2019-05-21T02:39:12+00:00 May 21st, 2019|Business|Comments Off on Huawei founder Ren Zhengfei says clash with the US was ‘inevitable’

Huawei Technologies founder Ren Zhengfei said he foresaw the clash with the US government, saying it was a matter of time before the Chinese telecommunications equipment maker threatened US interests and attracted retaliation.“We sacrificed [the intere...

21 05, 2019

Nike, Adidas and other footwear giants urge Trump to remove tariffs immediately and end trade war with China

By | 2019-05-21T01:49:41+00:00 May 21st, 2019|Business|Comments Off on Nike, Adidas and other footwear giants urge Trump to remove tariffs immediately and end trade war with China

Nike, Adidas and other footwear giants urged US President Donald Trump to reconsider his tariffs on shoes made in China, saying the policy would be “catastrophic for our consumers, our companies and the American economy as a whole”.In all, 173 companie...