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HONG KONG (AFP): Asian stocks opened higher on Tuesday (Dec 7) as investors took heart from strong rebounds on Wall Street on hopes that the newest coronavirus variant will prove less dangerous than previously feared.
BEIJING: China's exports growth lost steam in November, pressured by a strong yuan, weakening demand and higher costs, but import growth accelerated and came in well above expectations, pointing to stronger domestic activity.
TOKYO (Reuters) - Japan will make its own decision on whether to send diplomatic representatives to the 2022 Winter Olympics in Beijing, Prime Minister Fumio Kishida said on Tuesday, after news that the United States had decided not to send its officials.
WASHINGTON (The Straits Times/Asia News Network): The US will not send officials to the Winter Olympic Games in Beijing next year in the light of China's human rights abuses in Xinjiang and elsewhere, the White House said on Monday (Dec 6).
BEIJING (China Daily/Asia News Network): China's economy is expected to grow around 5.3 per cent in 2022 following an expected 8 per cent growth this year, a top government think tank said on Monday (Dec 6).
BANGKOK (The Straits Times/Asia News Network): Myanmar’s deposed state counsellor Aung San Suu Kyi has had her jail sentence reduced from four years to two years after a partial pardon by the chief of the military junta, the country’s state television reported on Monday (Dec 6).
HONG KONG: New World Development Co has outlined plans to sell homes at half of their market price, helping address the city’s housing crisis that’s become a flashpoint for social grievances.
SHANGHAI: Alibaba Group Holding Ltd said it will reorganise its international and domestic e-commerce businesses and replace its chief financial officer – changes that come as the tech giant grapples with an onslaught of competition, a slowing economy and a regulatory crackdown.
PETALING JAYA: Parkson Holdings Bhd’s Hong Kong-listed subsidiary has secured a syndicated loan of HK$2.7bil (RM1.46bil) to refinance existing loans and to meet general corporate and working capital needs.
BEIJING: Trust firms that have issued at least US$5bil (RM21bil) in high-yield products linked to China Evergrande Group are bracing for a cascade of losses after the cash-strapped developer said it may no longer be able to meet its financial obligations.