Indonesian milk company AustAsia has got permission from the Hong Kong Stock Exchange for its public float, cutting its offering from an initial target of $100m to roughly $50m-$70m due to difficult …
Monthly Archives For October 2022
China’s economic outlook will be ‘deeply challenging’ for the next five to 10 years: Strategist
Mark Jolley of CCB International Securities says China “sailed on” while other countries struggled in the past, but now, the economic outlook for China looks challenging.
China overshadows Bubs’ booming US and Aussie business, shares dive 14pc
China has overshadowed relatively upbeat quarterly earnings from Bubs, with subdued growth in the Asian powerhouse sending the companys shares diving nearly 14 per cent.
China COVID curbs hit iPhone output, shut Shanghai Disney
China’s COVID-19 curbs forced the closure of Disney’s Shanghai resort on Monday, while production of Apple Inc iPhones at a vast contract manufacturing facility could drop by 30% next month due to …
China conducts central bank bills swap operation
The swap will be due on Jan 31, 2023, according to the statement. The CBS scheme allows dealers to swap the perpetual bonds they hold for central bank bills, which will boost market demand for…
Hong Kong to explore legalizing crypto for retail investors
Hong Kong is “back in business” and exploring whether to legalize crypto trading by retail investors, the city’s finance chief announced Monday, kicking off a week of conferences aimed at …
Hong Kong to explore legalising retail crypto trades
Hong Kong is taking steps towards legalising retail trading of crypto assets, in a reversal that contrasts Beijing’s crackdown on such transactions in mainland China. The Chinese territory’s …
Stellantis Jeep joint venture in China to file for bankruptcy
GUANGZHOU: The venture between Stellantis and Guangzhou Automobile Group Co (GAC) producing Jeep vehicles in China will file for bankruptcy, the companies said today, after a lengthy decline for the …
Wall Street accused of whitewashing China crackdown in Hong Kong
Hong Kong’s government invited Wall Street’s biggest names to a summit to show the financial hub is open for business after nearly three years of isolation due to pandemic curbs. Instead, top bank …
China’s Geely to spin off and list its Zeekr electric car brand
SHANGHAI: Geely Automobile said on Monday (Oct 31) it plans to spin off its high-end Zeekr electric vehicle brand and list the unit. The terms of the proposed spin-off, including listing venue, …
Output of Apple iPhones at major China plant could fall 30% amid Covid-19 curbs: Source
Hastily enacted Covid-19 measures have left many of the 200,000 workers grappling with inadequate living conditions. Read more at straitstimes.com.
Exclusive: Output of Apple iPhones at major China plant could fall 30% amid COVID curbs
Production of Apple Inc’s iPhones could slump by as much as 30% at one of the world’s biggest factories next month due to tightening COVID-19 curbs in China, a person with direct knowledge of the…
China’s Space Ambitions Are Fueling Competition and Collaboration
The completion of China’s space station, while prompting U.S. concerns, opens doors for international collaboration …
