Property 

Hong Kong’s pre-owned housing market rips higher, as analysts warn of pause ahead

The recent uptick in the secondary market where buyers kept snapping up homes costing less than HK$6 million (US$765,267) in major estates is expected to take a breather in coming weeks as prices near their previous peaks, analysts said.“The recent rise in home prices has been quite fast, accumulating solid increases. Also, a number of bargains in the market have been snapped up and homeowners have kept asking prices firm,” said Willy Liu, chief executive of Ricacorp Properties.Ricacorp said it… Source link

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Shanghai stocks gain ahead of 1st-quarter GDP data, fading concerns over liquidity

China’s stocks rose to an almost 13-month high, with the rally on the benchmark resuming, as investors brushed aside concerns about tightening liquidity and before the release of the data on economic growth.The Shanghai Composite Index advanced 2.4 per cent, or 75.81 points, to 3,253.60 at the close on Tuesday, the highest closing level since March 22, 2018. The gauge finished higher for the first time in four trading days and recouped all the losses over the past three days. Hong Kong’s Hang… Source link

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Vietnam 

Đồng Tháp surges ahead with GAP quality for fruits, innovative selling methods – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Farmer Võ Văn Nang hangs a board on a tree in his xoàn orange orchard in Cao Lãnh City’s Tân Thuận Đông Commune. It has the tree’s code and the name of the customer who bought its fruits for a period of one year. – VNA/VNS Photo Chương Đài   ĐỒNG THÁP – The Mekong Delta province of Đồng Tháp is encouraging farmers to grow more fruits to good agricultural practice (GAP) standards to improve incomes and sustainability.   It has more than 600ha of VietGAP- and GlobalGAP-standard…

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Uber CEO acknowledges self-inflicted wounds as company reveals strong growth, huge losses ahead of listing

Uber is providing a look into its business in the lead-up to its hotly anticipated debut on the stock market, revealing strong growth but an ongoing struggle to overcome huge losses and repair its reputation.Documents released overnight on Thursday offered the most detailed view of the world’s largest ride-hailing service yet. The massive filing shows Uber has been generating the robust revenue growth that entices investors, but also racked up about US$8 billion in losses over its 10 years in… Source link

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Vietnam 

VN stocks progress ahead of reports – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The production line at An Phát Plastic and Green Environment JSC. The company’s shares soared 6.8 per cent yesterday after it announced pre-tax profits in the first quarter of  VNĐ270 billion, exceeding the full 2018 figure of VNĐ253 billion. Photo cafef.vn HÀ NỘI — Vietnamese shares took off yesterday as oil prices increased and news on annual shareholder meetings and 2019 business plans helped cushion investor confidence amidst a lack of supportive news. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange gained 0.84 per cent to close at 997.56 points.…

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China 

Volkswagen latest to reduce prices in China ahead of VAT cut with sales at record low amid slowdown

Volkswagen became the latest car brand to cut price in China in a response to next week’s value-added tax cut, but analysts said it would have only limited impact on weakening sales in world’s largest vehicle market.The sales of passenger vehicles dropped 19.0 per cent in February following the first shrink in nearly three decades in 2018, according to data from China Passenger Car Association (CPCA).Beijing rolled out policy measures in January to boost consumer spending on vehicles as one of… Source link

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China 

China will buy more US goods, top official says ahead of latest trade talks

China will work to boost imports and achieve a more even balance of trade with the United States, a top Chinese official said on Sunday, just days ahead of the latest round of talks aimed at bringing an end to the two countries’ punishing tariff war.Speaking at the China Development Forum in Beijing, Vice-Premier and Politburo Standing Committee member Han Zheng told a gathering of foreign business representatives and former government officials from the US and other countries that his… Source link

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Shanghai bulls charge ahead, giving benchmark 2.7 per cent weekly gain

China’s stocks rose on Friday, with the benchmark gauge capping a second weekly gain, as traders bet that the world-beating rally on the world’s biggest emerging market will carry on.The Shanghai Composite Index added 0.1 per cent, or 2.69 points, to 3,104.15 at the close, adding to a 2.7 per cent gain this week. Hong Kong’s Hang Seng Index also rose slightly.The mainland’s equity benchmark has eked out gains every week this year except one, rising 24 per cent this year as the world’s best… Source link

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Geely sees speed bumps ahead as its car sales and earnings sputter while China’s economic engine loses power

Geely Automobile Holdings, whose founder Li Shufu is the largest single shareholder of Daimler, said sales of its portfolio of brands including Lynk and Volvo are likely to remain flat this year in China, as economic growth slows down in the world’s largest vehicle market.The Zhejiang-based carmaker sold 44 per cent fewer vehicles in December, causing Geely to miss its 2018 sales target by 5 per cent.Car sales in China sputtered last year, as three decades of double-digit percentage growth… Source link

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Tencent clawing its way back from cliffhanger year, winning rave analyst reviews ahead of earnings

With the nail-biting heroics of one of its video games, Tencent has seen its shares hit an all-time high, slide off a cliff, then claw themselves halfway back up – all in a matter of 14 months.Now – with new Tencent games approved to slowly roll out again after China’s industry-wide crackdown and a blizzard of new tech deals added to its huge investment portfolio – the online giant is attracting rave reviews from analysts ahead its fourth-quarter and annual results on Thursday evening Hong Kong… Source link

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