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SHANGHAI: China stocks rallied on Thursday, boosted by hopes Beijing will cut a key ratio to shore up the economy, while another round of talks between China and the U.S. in October aided sentiment.
SINGAPORE (Reuters): Hong Kong’s Cathay Pacific Airways said on Wednesday that its chairman John Slosar has resigned from the board and will be replaced by Patrick Healy, a long-time executive at the airline’s top shareholder Swire Pacific Ltd.
NEW YORK: Oil prices rose nearly 2% on Wednesday after a larger-than-expected decline in U.S. crude stockpiles helped ease worries about weakening oil demand caused by the trade war between Washington and Beijing
PETALING JAYA: Beijing’s master plan to develop Shenzhen into a world-class model city in six to 15 years is an answer to the US trade aggression on China and Hong Kong’s current political crisis, according to an analysis by state-owned Global Times.
LONDON: The world’s headlong dash to zero or negative interest rates just passed another milestone: A bank in Denmark is paying homebuyers to take out mortgages.
Political reform is slow, but there’s a swift solution to the economic inequality that has helped foment discontent
BENGALURU: Most Asian currencies weakened on Thursday as recession warnings from the U.S. bond market dented investor risk appetite, cutting short a modest respite after the United States delayed some tariffs on imports from China.
China’s 10-year sovereign bond yield fell to 3% for the first time since 2016, joining a global rally of government debt as the nation’s economy slowed and its trade dispute with the U.S. worsened.
HONG KONG: Embattled Hong Kong leader Carrie Lam said the business community was very worried about the long-term consequences of protests in the Asian financial hub.HONG KONG: Embattled Hong Kong leader Carrie Lam said the business community was very worried about the long-term consequences of protests in the Asian financial hub.