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NEW YORK: The dollar dropped to two-week lows on Wednesday, showing reduced safe-haven appeal for now, as U.S. tech stocks rallied and commodity prices firmed, even as sentiment remained cautious amid a resurgence of new coronavirus cases globally, particularly in the United States.
The virus has trapped US$111bil of luxury spending in China; shoppers turn to e-commerce, livestreaming
Jeff Meng, a 25-year-old watch lover from a well-heeled Guangdong family, had 160,000 yuan (RM97,483) burning a hole in his pocket. He could not find the Rolex Daytona watch he wanted, dubbed “panda” for its black-and-white face, anywhere in China.
Staff from controversial Internet addiction treatment centre in China jailed for detaining students illegally
Director general and principal among four staff sentenced over holding young people in guarded rooms for days at a time. Court rejects former students’ request for public apology and compensation but all parties are considering whether to appeal.
HONG KONG: Ant Group, the fintech arm of Chinese e-commerce giant Alibaba, plans a Hong Kong float as soon as this year and targets a valuation of more than US$200 billion, said two sources with knowledge of the matter.
RIDE-hailing giant Didi Chuxing is testing China’s digital cash as a payment method on its platform, in what could be one of the first real-world applications of the electronic version of the yuan.
The average annual income for workers employed by companies in the telecoms, software and information technology fields reached US$22,998 per person last year. The average annual wage in information technology was 1.78 times higher than the annual average for all industries.
SINGAPORE, July 7 (The Straits Times/ANN): The principal of an education centre and three of her tutors schemed to help six students cheat during the 2016 O-level examinations.
CHINA's equity market is firmly in the spotlight after an almost unprecedented rally that helped lift global stocks to a one-month high.
Once high-flying Chinese game-streaming platform Chushou TV has shuttered, becoming the latest casualty in a market increasingly dominated by Tencent Holdings Ltd.
HONG KONG: Hong Kong’s rallying stock market is defying predictions of the death of the city in the wake of a new security law.