CHINA HONG KONG ISSUE
Man caught smuggling over 100 live snakes hidden in trousers
A man has been caught trying to smuggle over 100 live snakes into mainland China by cramming them into his trousers, according to the country's customs authority. "Once opened, each bag was found to contain living snakes in all kinds of shapes, sizes and colours," it added.
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.
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.
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.
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.
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.
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.
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