カテゴリー: Business
Frantic stock sell-offs across sector anticipating ‘monopoly’ rules, with Alibaba shopping site shares falling 9.8%Hundreds of millions of dollars have been wiped off the value of China’s biggest internet companies following two days of frenetic sellin…
Additional sanctions are rumours, Simon Birmingham says, but the China Daily warns of further economic pain if Australia is hostile to BeijingA major Australian business group has called on the Morrison government to take China to the world trade umpir…
Lockheed Martin, Boeing Defense, Space & Security and Raytheon named along with US officials who played a role in weapons salesChina will sanction several major defence companies in retaliation for multibillion dollar US arms sales to Taiwan, the f…
Four-day session on policy goals for next five years begins behind closed doors in BeijingChina’s top leaders have begun a meeting on boosting the economy’s self-reliance as the country turns inward amid diplomatic tensions and the coronavirus crisis.T…
Transactions that could violate Beijing-imposed law should be treated the same as if financing terrorism, says guidanceHong Kong-based banks have been told to report any transactions that they believe may violate the national security law, in new advic…
Beijing was fast to respond and increased public investment; it has not faced a second waveBy its own standards, China’s economy is having a bad year. After four decades of stellar growth, the east Asian country will barely expand at all in 2020.But ju…
Carrie Lam to consult Beijing in attempt to protect city’s status as international finance hubHong Kong’s chief executive, Carrie Lam, has postponed a key annual policy address scheduled for Wednesday, claiming she must consult Beijing on some of her p…
Spokeswoman voices fears over openness of UK market after MPs say Huawei is security riskChina has said it is highly concerned about the future openness and safety of Chinese investments in the UK after the Commons defence select committee said the pre…
With UK’s Liam Fox eliminated the contest is now between Yoo Myung-hee and Ngozi Okonjo-IwealaThe World Trade Organization is set to be run by a woman for the first time in its 25-year history after it was announced that the final choice to be its new …
Trading called off on Thursday amid uncertainty over when the issue would be resolved Trading on the Tokyo Stock Exchange was suspended on Thursday because of a problem in the system for relaying market information.The Tokyo Stock Exchange said trading…
Bank’s future remains uncertain as it finds itself under pressure from Beijing and Washington HSBC has been a fixture of the Hong Kong economy for more than a century. However, its origins as a financial bridge between Asia and the west have placed it …
Political unrest hit tourism and retail, and coronavirus response has delayed recovery Hong Kong’s economy was already in recession when the pandemic hit in January. Six months of running battles between pro-democracy campaigners and local government h…
Department of Justice says money in Clyde & Co’s account allegedly linked to Malaysian fraud scandalThe US Department of Justice (DoJ) has moved to seize $330m (£256m) held in the bank account of a major London law firm which prosecutors allege is …
Opposition party unveils billions in tax cuts and focus on disciplined spending in its pre-election economic proposalsCoronavirus – latest updatesSee all our coronavirus coverageNew Zealand’s opposition National party has released its plan to restore t…
Finance minister says figures don’t reflect the thousands of lives saved and reduced burden on health systemCoronavirus – latest updatesSee all our coronavirus coverageNew Zealand has entered a recession with the economy contracting 12.2% in the June q…