Property 

Protest against controversial extradition bill casts shadow on Hong Kong’s largest property sales since early May

Property sales were disappointing on Sunday in Hong Kong’s biggest offering since early May, as buyers stayed away amid huge protests in the city against a proposed extradition bill, and ongoing concerns over the US-China trade war.Not only is Hong Kong sitting in the middle of a worsening US-China trade war, but also its own political turmoil as protesters took to the streets on Sunday for a third time in a week against a proposed extradition law that would allow suspects to be sent to… Source link

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China 

Trade war casts shadow over China business prospects for US firms like Apple and Boeing

The business prospects in China for American firms like Apple and Boeing are at risk because the mainland is rapidly becoming less welcoming and profitable, amid dampened consumer confidence, slowing growth, and an increasingly watchful state, analysts said.The Chinese government has repeatedly assured investors from the United States that they will be treated fairly in China and have their legitimate interests protected, but recently Beijing has shown its teeth to those firms that it perceives… Source link

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China 

China turns attention to jobs as trade war casts shadow over economy, with Li Keqiang demanding jobs for graduates, ex-military and more

Chinese Premier Li Keqiang has vowed to mobilise all resources to create jobs and stabilise the employment market as the China-US trade war threatens to drag on the economy.Chairing a national conference on employment in Beijing on Monday, Li demanded that cadres at all levels make job creation their top priority.The premier said priority should be given to fresh graduates, demobilised military personnel and migrant workers, all of whom faced challenges in the job market.“Supporting employment… Source link

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Investment 

Chinese solar farm operator seeks to resolve bond defaults as end of subsidies casts shadow over industry

China Singyes Solar Technologies Holdings, once the mainland’s leading solar developer, is seeking to resolve bond repayments worth 967 million yuan (US$142 million) it had defaulted on in October. The Hong Kong-listed company, focusing on operating solar farms and building solar curtain walls, had defaulted on 202 million yuan of offshore loans and 765 million yuan of onshores loans at the end of October, it said in a stock exchange filing on Thursday. Chinese solar power stocks plunge as government moves to contain industry size Singyes Solar said it has…

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Home 

China and Hong Kong stocks sway as Huawei episode casts shadow over trade war talks

China and Hong Kong stocks swung between gains and losses as traders reassessed the outlook of US-China trade negotiations following the unexpected detention of the chief financial officer of Huawei Technologies. The Shanghai Composite Index rose 0.1 per cent in Friday morning trading, while the Hang Seng Index slipped 0.1 per cent. Both gauges slumped 1.7 per cent Thursday after Canada said it had detained Huawei CFO Sabrina Meng Xiaozhou, the daughter of the founder of the Chinese telecom juggernaut, at the request of the US government. HSBC Holdings dropped…

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Singapore 

Harry Potter casts a spell on fans at Changi Airport’s Wizarding World Holiday launch, Singapore News

SINGAPORE – Eight-year-old Euwan Lorena stared intently at the many shelves of Harry Potter merchandise in Changi Airport Terminal 3 on Friday (Nov 16), unable to decide what he wanted. Dressed in Gryffindor school robes from the popular book and movie series, the Primary 2 pupil finally decided on a stationery set with a Harry Potter-themed A4-sized notebook and pencils. “He really loves Harry Potter,” said the superfan’s mother, recruitment consultant Athlea Lorena, 43, noting that Euwan has watched all the Potter movies. “He had a Harry Potter-themed birthday party…

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Home 

Australia’s property slump casts doubt on household spending

Australia’s falling house prices are raising doubts about the resilience of household spending. There are signs of weakness emerging, with data Friday showing retail sales growth tumbled sharply in the third quarter. Australians were happy to fund higher spending by putting away less savings as the value of their homes increased. But when prices drop, as they have nationwide for 13 months, building a buffer traditionally becomes the priority over shopping. For Governor Philip Lowe, uncertainty about consumption has been one of his more regular warnings on the economy. It’s…

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China 

US-China trade war casts long shadow over IMF meeting

Anxiety about the outlook for the global economy ran high at the meeting of global financial policymakers in Indonesia this week, given uncertainties about how far the US-China trade war would escalate and how long it would last. Officials and their advisers attending the annual meetings of the International Monetary Fund and World Bank in Bali admitted that the unprecedented nature of the trade conflict took policymakers deep into uncharted territory in terms of predicting its economic impact, both short-term and long-term. Attempt to isolate China from world trade system…

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