China 

US demands China keeps yuan stable over fears of trade war backlash, sources say ahead of Washington talks

The United States is asking China to keep the value of the yuan stable as part of trade negotiations between the world’s two largest economies, a move aimed at neutralising any effort by Beijing to devalue its currency to counter American tariffs, people familiar with the ongoing talks said.Officials from the two countries are discussing how to address currency policy in a memorandum of understanding that would form the basis of a deal that ultimately will have to be approved by US President… Source link

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Home 

Foshan leads the real estate rally among Greater Bay cities as speculators get ahead of curve

Foshan, an industrial city next to Guangzhou, has experienced the biggest gain in property prices in the last 18 months among the 11 cities in the Greater Bay Area plan, according to an index by Hong Kong property agent Centaline Property.As of January, prices for new and used homes in the city have risen 35 per cent since July 2017, according to the Centaline Greater Bay Area Index. Zhaoqing ranked No 2 with a 22 per cent gain, followed by Jiangmen with a 16 per cent gain and Hong Kong…

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Global 

China applauds ‘positive’ Donald Trump tweet, hopes for US trade war deal ahead of Washington talks

Chinese President Xi Jinping urged for a “mutually beneficial” trade deal in this week’s talks when he met US trade representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin in Beijing on Friday, according to Xinhua. Photo: Xinhua Source link

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Property 

Qatar’s property market faces reality check ahead of World Cup amid oversupply, spat with Gulf neighbours

Qatar’s Doha Tower, a spiked cylinder that glows orange at night, won an award when finished in 2012 amid a Gulf-wide property boom, but today about half of its 46 floors are empty.The office tower, now a familiar part of the capital’s high-rise skyline, has run foul of what real estate brokers, bankers and analysts say is an oversupplied Qatar property market ahead of the 2022 World Cup that mirrors a real estate downturn in the wider Gulf region after a drop in oil prices.Qatar has the added… Source link

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Home 

China’s job market has worsened amid trade war, sharper slowdown ahead, Nomura report suggests

A recent surge in online searches for keywords such as “lay-offs” and “job seeking” suggests the job market in mainland China has deteriorated amid its ongoing trade war with the United States. According to a report released on Friday by Japanese investment bank Nomura, searches by Chinese internet users for the word lay-off have surged since October last year, reaching a record high in December. Similarly, searches for the words job seeking have risen since November and hit a record high in January. China takes steps to support jobs as…

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Vietnam 

Gold market heats up ahead of God of Wealth Day – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The domestic gold market is heating up with gold shops introducing various products to take advantage of huge demand on the God of Wealth Day, which falls on the 10th day of the Lunar New Year (February 14). Legend has it that the God of Wealth returns to heaven on the 10th day of the new year, so Vietnamese have a tradition of buying gold for luck and prosperity throughout the year. Representatives from DOJI Gold & Gems Group joint stock company (DOJI) said…

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Home 

Hong Kong stocks fall, China opens flat as investors hold fire ahead of trade war truce deadline

China’s benchmark stock indexes were trading flat on Tuesday morning after starting the Lunar New Year strong on Monday, while Hong Kong shares opened lower. Traders said that after the rebound enjoyed by both the China and Hong Kong bourses so far this year, investors had recoiled from making further big bets ahead of news from US-China trade negotiations in Beijing later this week. The Hang Seng Index opened down 0.41 per cent, or 115.2 points, at 28,028.66. “The Hang Seng Index has risen by as much as 3,000 points…

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Home 

Message platform Slack moves ahead with direct listing plans in the US

Slack Technologies Inc. has filed with regulators to go public in the US without disclosing details of its share-sale plans. The messaging platform company, previously reported to be pursuing a direct listing of its stock, said in a statement Monday that it had submitted a confidential filing with the Securities and Exchange Commission. Slack is working with Goldman Sachs Group Inc., Morgan Stanley and Allen & Co. on the share sale, according to a person familiar with the matter who asked not to be identified because the matter wasn’t public.…

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Home 

Hong Kong home sales grind to a near halt ahead of the Lunar New Year holiday

Hong Kong’s primary real estate market has hit a soft patch ahead of the Lunar New Year, a normal seasonal pattern before the annual holiday which gets underway next week, although analysts caution that potential buyers are especially jittery amid the current drop in home prices. Only two of 101 flats on offer were sold on Friday at Reach Summit, a Yuen Long project developed by Henderson Land Development and New World Development, as of 3.50pm. “As the Lunar New Year is coming, sales have been slowing down. Buyers are…

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Vietnam 

Petrol prices remain unchanged ahead of Tết holidays – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Domestic retail petrol prices were kept unchanged on Thursday. — Photo cafef.vn Viet Nam News HÀ NỘI — The retail prices of oil and petrol will be kept unchanged for the next 15 days, the ministries of Finance and Industry and Trade announced on Thursday. The two ministries review fuel prices every 15 days to keep domestic prices in line with swings in the global market. Accordingly, the retail price of bio-fuel E5 RON 92 will not be higher than VNĐ16,272 (US$0.7) per litre, and that of…

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