China 

China cuts short-term interest rates slightly in latest bid to help companies hit by US trade war

China trimmed its market reference rate for new short-term bank loans on Friday, taking another step towards helping companies hit hardest by the trade war with the United States and the overall domestic economic slowdown.The September loan prime rate, the average taken from 18 selected commercial banks, was set at 4.20 per cent for one-year maturities, down from the 4.25 per cent set in August, according to the National Interbank Funding Centre, a unit of the People’s Bank of China (PBOC).The… Source link

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Vietnam 

Five Vietnamese companies among ten most visited e-commerce sites in Southeast Asia – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Tiki’s monthly web traffic surged by 69 per cent within a year from nearly 20 million to 33.7 million, helping it gain the sixth position in the top ten list in the first half of 2019. Photo Tiki HÀ NỘI Five Vietnamese e-commerce platforms were named among ten most visited sites in Southeast Asia in the first half of this year. According to the latest report released recently by price comparison platform iPrice Group, Tiki, Sendo, Thegioididong, Dienmayxanh and FPT Shop ranked sixth, seventh, eighth, ninth and tenth, respectively,…

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China 

Trade war and economic slowdown leave giant Chinese industrial estate scrambling to keep foreign companies

In the eastern province of Jiangsu, China’s economic problems are resonating through one of the engines of the nation’s dramatic growth over the past three decades, the giant Suzhou Industrial Park.Built on an area five times the size of Manhattan that was once farmland and fields, the park’s Singaporean-inspired design has an emphasis on tidy urban planning and green landscapes. The city of Suzhou itself – a silk hub known as the Venice of the East for its many canals – has modernised around… Source link

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Home 

China’s largest agricultural companies turn swine fever epidemic into growth opportunity while small farms perish

Companies that make the bold decision to diversify and expand well before a crisis often thrive. And some of the region’s biggest agricultural companies have turned the ongoing swine flu epidemic crisis sweeping across China and Southeast Asia into an opportunity, while smaller players have fallen by the wayside.“While African swine fever resulted in a sizeable decline in the overall swine population in China, it had less impact on larger players as they have more resources and knowledge to… Source link

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Vietnam 

JETRO helps connect farming, food companies of Japan, Việt Nam – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Representatives at JETRO’s Business Matching of Japanese Agriculture, Fisheries and Food 2019 held in Hà Nội on September 13. VNS Photo Hoàng Hà HÀ NỘI — The Japan External Trade Organisation (JETRO) held its Business Matching of Japanese Agriculture, Fisheries and Food 2019 in Hà Nội on September 13 to enhance trading activities among enterprises from Japan and Việt Nam. The event attracted the participation of 34 Japanese enterprises offering products in high demand such as seafood and processed seafood products, supplementary products, and processed foods such as candy, baby…

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Vietnam 

Tra fish companies see stock prices plummet – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Tra fish is processed for export at Biển Đông Seafood Co Ltd in Trà Nóc II Industrial Zone in the southern city of Cần Thơ. — VNA/VNS Photo Thanh Liêm HÀ NỘI — Việt Nam‘s tra fish (pangasius) industry has seen a plummet in stock prices due to falling tra fish prices and volatile export markets. In July, tra fish export value decreased by 12.7 per cent month-on-month and this was the 5th consecutive month seeing prices falling. In the first seven months of this year, total export value of…

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Home 

European financial companies losing edge to China, US; need to refocus as London’s star dims, report says

European financial services companies are losing their competitive edge globally and could lose out to more nimble players in China and the United States if they do not use technology and partnerships to reinvent themselves, according to a new report by Luxembourg for Finance.Financial services companies in Europe will need to provide services and third-party products through one-stop digital platforms, increase their sustainable investment offerings and prepare for a new financial landscape as… Source link

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Home 

Hong Kong Companies Registry website falls victim to glitch as ‘hardware problem’ brings down electronic registration service

Hong Kong’s Companies Registry became the second major victim of a technical glitch in the space of a week as a “hardware problem” forced it to suspend its online services for over five hours on Thursday. The e-Registry, a 24-hour portal that accepts applications for registration of local and non-local companies, was down from 7am to around 12.30pm because of a “hardware problem”. It came just a week after a software problem brought down the derivatives trading platform of Hong Kong Stock… Source link

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Home 

Chinese traders snap up US$7.5 billion worth of cheaper Hong Kong shares of dual-listed companies in busy August

Net inflow into Hong Kong stocks through the southbound Stock Connect surged in August to US$7.5 billion, as mainland investors snapped up shares listed in Hong Kong that were trading at attractive discounts compared to their China-listed counterparts, analysts said.The August inflow was the third largest recorded since the Stock Connect was launched in November 2014, said Frank Benzimra, head of Asia equity strategy at Societe Generale.The surge comes as an index tracking the average price… Source link

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Money 

More Fortune 500 companies worried about impact of Donald Trump’s China trade war strategy, US Chamber of Commerce says

More than four out of every 10 – or 43 per cent – of Fortune 500 companies have expressed concern in recent months about US President Donald Trump’s aggressive and unpredictable tariffs war with China, according to a report released by the US Chamber of Commerce on Friday.That number increased from 30 per cent at the beginning of the year.Fortune 500 companies are large American firms that account for about two-thirds of the United States’ GDP.Executives with as many as 139 of the companies… Source link

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