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Asia markets tumble as rate hike fears take hold
HONG KONG (AFP): Equity markets suffered another sell-off Friday on fears that an expected strong global economic recovery this year will fan inflation and force central banks to hike interest rates, despite reassurances that ultra-loose monetary policies will be kept in place for as long as needed.
Chinese minister calls for win-win ties with the US
SHANGHAI: China is ready to strengthen economic and trade exchanges with the United States, and carry out cooperation on the basis of mutual respect, equality and mutual benefit, commerce minister Wang Wentao has said.
Maybank, Public Bank and CIMB driving KLCI higher
KUALA LUMPUR: The FBM KLCI bounced back strongly today as bargain hunting for the stocks that fell in the past few trading sessions lifted the index in line with regional gains.
Asia markets track Wall St record after Powell's soothing words
HONG KONG (AFP): Another Federal Reserve reassurance it would not hike interest rates until absolutely necessary buoyed Asian markets Thursday (Feb 25), while traders were also taking heart from more positive developments on the vaccine front.
Chinese ride-sharing giant Didi plans entry into Europe
Chinese ride-hailing giant Didi Chuxing Technology Co plans to make its debut in Western Europe, people familiar with the matter said, as the company seeks new growth markets ahead of a long-awaited initial public offering.
ByteDance names new global head of R&D at TikTok - sources
BEIJING (Reuters) - Beijing-based ByteDance plans to move the chief of its Chinese news aggregator Jinri Toutiao, Zhu Wenjia, to Singapore to head global research and development for its hit short video app TikTok, two people familiar with the matter said.
Hong Kong Exchange looks for next act after record year
HONG KONG: A year anticipated to be full of headwinds for Hong Kong’s stock exchange turned euphoric instead. The challenge is now to add to the momentum.
AI innovation areas in the works
Beijing: A second batch of national-Âlevel artificial intelligence innovation areas will be built, says the Industry and Information Technology Ministry.
CNOOC announces new oil and gas find
SHANGHAI: China National Offshore Oil Corp (CNOOC), one of the country’s top three oil and gas producers, says its newly discovered Bozhong 13-2 oil and gas field in the Bohai Sea contains proven geological reserves of 100 million tonnes of oil and gas equivalent, making it one of biggest crude oil production bases in the country.
House prices in major cities see mild increase
BEIJING: Home prices in major Chinese mainland cities saw mild growth in January, with first-tier cities taking the lead on robust demand, and government cooling measures are expected to stay, according to experts.
