CHINA HONG KONG ISSUE
Asian markets down as traders await US jobs report
A European Commission probe launched last year concluded that state subsidies for Chinese EV manufacturers were unfairly undercutting European rivals, which Brussels wants to shield as they transition from thermal to electric power.
China stocks fall on economic data; HK jumps
Market turbulence as private-sector survey highlights new order concerns, influencing Hang Seng Tech Index performance.
China offers foreign permanent residents of Hong Kong, Macau five-year visas
China's National Immigration Administration announced that foreign permanent residents of Hong Kong and Macau can now apply for multiple-entry travel visas valid for five years to visit mainland China, effective from July 10. Each visit under these visas is limited to 90 days. However, those intending to work, study, or engage in news reporting in mainland China must apply for other specific visas or residence permits.
Taiwan urges citizens to avoid travel to China, Hong Kong Macao following Beijing threats
Taiwan has advised its citizens to avoid travel to China, Hong Kong, and Macao following Beijing's threats to execute supporters of Taiwan's independence. This advisory was issued by Liang Wen-chieh, spokesperson and deputy head of the Mainland Affairs Council, amid escalating threats from China, which views Taiwan as a territory to be annexed by force if necessary.
Taiwan warns against travel to China after execution threat
Taiwan's government raised its travel warning for China, urging citizens to avoid non-essential travel following Beijing's threat to execute "diehard" Taiwan independence supporters. The warning also applies to Hong Kong and Macau. China, which considers Taiwan its territory, has escalated tensions by issuing new legal guidelines targeting Taiwan independence advocates, prompting condemnation from Taiwan and the United States.
Why is Singapore the world’s most expensive city?
A report by a Swiss bank has noted that Singapore is the world’s most expensive city. Hong Kong, London, Shanghai and Monaco are some of the other cities in the ranking.
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See Her Again: Everything we know about Asian drama series
Netflix has acquired international rights to Tencent Video's "See Her Again." The drama features a 1990s Hong Kong detective traveling to 2018, partnering with a female officer to solve past murder cases. The series includes a notable cast and production team, making it a standout at the Shanghai TV Festival.
What's behind India's hardening posture against China?
India appears to be adopting a tougher stance towards China, with Prime Minister Modi set to attend the Shanghai Cooperation Organisation (SCO) meeting in Kazakhstan in July. Recent developments suggest a hardening of India's posture against China, including refusing to resume direct passenger flights and engaging with Taiwan, signaling a shift in India's approach.
Berkshire Hathaway sells $39.8 mln of shares in China's BYD
Warren Buffett's Berkshire Hathaway has trimmed its stake in China's BYD , which surpassed Tesla last year as the world's largest seller of electric vehicles.
Hong Kong stocks fall to one-month low, China down on strong US jobs data
Hong Kong stocks hit a month low post-weekend break due to strong U.S. employment data impacting Fed rate cut expectations. Mainland China stocks also dropped, affected by consumer sector and non-ferrous metal industry downturns.
Int’l investors grabbed bulk of share offering: Saudi Aramco
Saudi Aramco's latest offering raised $11.2 billion with international investors acquiring the majority of shares. The Gulf kingdom aims to boost finances for large-scale projects in preparation for a post-oil future.
US risks a ‘Forever’ trade war with China, says Economist Stephen Roach
The US is erecting new trade barriers that will hold back China’s sales of key products like electric vehicles, accusing Beijing of building excess capacity using state subsidies and flooding global markets with cheap products.
India's m-cap adds a trillion in 117 days
The trillion-dollar market-cap addition to $5 trillion happened in less than six months, in 117 sessions. The market value of BSE-listed companies crossed $4 trillion for the first time on Nov 29, 2023.
China's Alibaba to raise $4.5 billion through convertible bonds, repurchase shares
Alibaba Group Holding Ltd plans to raise $4.5 billion through convertible bonds, with options for additional purchases, to repurchase American Depositary Shares. The bond sale caused a drop in Hong Kong-listed shares, while U.S.-listed shares remained stable.
Authorities inspect Everest & MDH units after ban on spices by Singapore & Hong Kong
Indian authorities address ethylene oxide bans on Everest and MDH. Spices Board mandates ETO testing, recalls products. Global ETO limits vary, supply chain and country-specific norms crucial for compliance.
Nepal follows HK and Singapore, bans India’s Everest and MDH spices
Nepal’s Department of Food Technology and Quality reported that the ban is due to the suspicion of ethylene oxide contamination. The banned spices include madras curry powder, sambhar mixed masala powder, mixed masala curry powder of MDH, and fish curry masala of Everest. The importers and traders are requested to recall these products from the Nepalese market.
After Singapore and Hong Kong, Nepal bans 'Everest, MDH Masala' brand
Nepal's Department of Food Technology and Quality Control has prohibited the import, sale, and consumption of two Indian spice brands, Everest and MDH, due to concerns about high levels of ethylene oxide. These are Madras Curry Powder, Sambhar Mixed Masala Powder; Mixed Masala Curry Powder of MDH and Fish Curry Masala of Everest
Risk-off sentiment brings big selloff in FPI-heavy counters
Foreign portfolio investors (FPIs) have sold shares worth over ₹22,000 crore this month after pulling ₹21,524 crore out of Dalal Street in April. More than 100 stocks where FPIs hold over 5% stake as of March 31, 2024, have declined between 10% and 30% in last one month, compared to a 1.7% fall in benchmark Nifty.
Argentine President Javier Milei branded 'traitor' over his comment on Falkland. Tension simmers again
A ten-week undeclared war broke out between Argentina and the United Kingdom in 1982 over two British-dependent territories in the South Atlantic.
Bitcoin trades at $62,000 level amid regulatory scrutiny in the US
Despite facing these hurdles, Bitcoin has shown remarkable resilience, boasting a staggering 127% increase in value over the past year. It has firmly held above the $60,000 threshold, with immediate support pegged at $61,300 and resistance at $64,500, currently trading at $63,000.
Asian shares subdued as China trade eyed, yen steadies after recent falls
Later in the day, the Bank of England (BoE) will decide its interest rate policy, with all eyes on the prospects of a June rate cut following the overnight move by Sweden's Riksbank to cut rates, which underlined Europe's divergence from the U.S. Federal Reserve.
China says Hong Kong protest song ban 'necessary measure'
China defended the banning of "Glory to Hong Kong," a protest song from the city's 2019 democracy demonstrations, calling it a "necessary measure." The foreign ministry stated that preventing the song's dissemination was a legitimate action to uphold national security responsibilities in Hong Kong.
China, Hong Kong account for 56 pc of India 's total imports of electronics, telecom, electrical products: GTRI
India's imports of electronics, telecom, and electrical products surged to USD 89.8 billion in 2023-24, with over half of these imports coming from China and Hong Kong, according to the Global Trade Research Initiative (GTRI). China dominates with a 43.9% share, highlighting India's heavy reliance on these countries. GTRI emphasizes the need to reduce this dependency to enhance economic resilience and safeguard digital sovereignty. The report suggests strategic diversification of sources and boosting domestic production capabilities to achieve this goal.
Bitcoin, Ether prices drop amid lackluster debut of Hong Kong ETFs
In their Hong Kong debut on Tuesday, six spot Bitcoin and Ether exchange-traded funds (ETFs) delivered mixed performances amid relatively tepid trading, reflecting the city's assessment of Asian investors' interest in cryptocurrency assets.
Hong Kong spot crypto ETFs to start trading next week
Hong Kong spot bitcoin and ether ETFs debut on April 30, marking Asia's first official cryptocurrency investment tools in the region's financial hub, with $12 billion inflows into U.S. ETFs driving the market.
Safeguarding National Security Ordinance: The last nail in the coffin of democracy in Hong Kong
The implementation of Article 23 in Hong Kong raises concerns about safety and freedoms. The legislation, affecting Radio Free Asia and citizens' rights, reflects a broader suppression of civil liberties by the Communist Party of China, prompting global criticism.
Mainland China stocks rise in early trade
Mainland China stocks rose after the open on Friday, adding to the healthy gains recorded a day earlier. In early trade, the Shanghai Composite Index gained 0.27 percent, or 8.26 points, to 3,018.92, while the Shenzhen Composite Index on China's second exchange climbed 0.4 percent, or 6.90 points, to 1,739.50.
Australia, Britain call out China for its actions in Hong Kong, South China Sea and Russia
Australia and Britain criticized China for its actions in Hong Kong, the South China Sea, and its support of Russia. The statement, issued after a meeting in Adelaide, called out China's behavior in the South China Sea as "unsafe and destabilizing." The ministers expressed concern over Hong Kong's new security law and human rights abuses in China. They also called on China to help end the conflict in Ukraine. The meeting came after the signing of a new defence and security agreement between Australia and Britain.
India issues advisory for nationals visiting Hong Kong urging for Pre-Arrival Registration
The Consulate General of India in Hong Kong has issued an advisory for Indian nationals planning short visits, less than 14 days, to the region. They are required to apply for online Pre-Arrival Registration (PAR), which is valid for six months and multiple visits. The PAR details must match the passport exactly, and a printout must be carried during travel.
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