Lim Guan Eng will appear in court on Friday to face corruption charges over the US$1.5 billion undersea tunnel project in Penang. ( read original story …)
FINANCE
China’s New Yuan Loans Expected to Fall in July: Reuters Poll
China’s new bank loans are expected to fall in July after record lending in the first half of the year, but are still likely to be higher than a year earlier, … ( read original…
Trump preps bans on WeChat, TikTok, stoking tension with Beijing
U.S. President Donald Trump has unveiled sweeping bans on U.S. transactions with the Chinese owners of messaging app WeChat and video-sharing app TikTok, escalating a high-stakes confrontation with … ( read original story …)
U.S. action on China apps may hurt trade talks, tech market: Partners Financial
China tensions over TikTok have had a “very strong impact” on tech stocks and new action on WeChat could place trade talks and the tech market under greater pressure, says Ronald Wan, the … (…
China is still a ‘bright spark’ in CapitaLand’s portfolio, says group CFO on virus impact
Despite CapitaLand’s “challenging profit picture” so far in 2020, there have been “very encouraging signs” among our businesses in China, which went “first into the pandemic but also first out,” says … ( read original…
China’s central bank declares Baoshang Bank bankrupt as it picks apart Xiao Jianhua’s financial empire
Baoshang was taken over by the government in May 2019, part of an onerous process by the financial and banking regulators to clean it up, recapitalise and resuscitate it to avoid a whole scale ……
China sentences fourth Canadian to death on drug charges
China has sentenced a fourth Canadian citizen to death on drug charges in less than two years following a sharp downturn in ties over the arrest of an executive of Chinese tech giant Huawei. Ye…
Trump issues bans on China’s TikTok, WeChat, stoking tension with Beijing
U.S. President Donald Trump on Thursday unveiled sweeping bans on U.S. transactions with China’s ByteDance, owner of video-sharing app TikTok, and Tencent , operator of messenger app WeChat, in a … ( read original story…
China Tells Banks, Wealth Fund to Cut Pay as Economy Slumps
Chinese authorities are doubling down on pressure to get the nation’s biggest state-owned financial groups to reduce salaries in a bid to boost returns as the virus-hit economy faces its slowest … ( read original…
Can China Win the Financial Cold War?
Andy Mukherjee is a Bloomberg Opinion columnist covering industrial companies and financial services. He previously was a columnist for Reuters Breakingviews. He has also worked for the Straits Times, … ( read original story …)
Town of China Grove names new finance director
At its regular meeting on Tuesday night, the China Grove Town Council introduced the town’s new finance director and designated a stormwater appeals hearing officer. Dean Luddie, a registered … ( read original story …)
China’s Higher Bond Yields Buck The Global Trend
Chinese government bond yields, however, have bucked the trend, with 10-year bond yields climbing from their April lows of 2.4% to top 3%, putting them at pre-COVID-19 levels. ( read original story …)
China Tells Banks, Sovereign Fund to Limit Pay as Economy Slumps
Chinese authorities are doubling down on pressure to get the nation’s biggest state-owned financial groups to reduce salaries in a bid to boost returns as the virus-hit economy faces its slowest … ( read original…
ADVERTISEMENT
