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Through Brexit and signs of China’s slowdown, investors have kept their cool – but it can’t last

During the introductory statement for his last press conference in January, European Central Bank President Mario Draghi’s most picked-up sound bite was that “the risks surrounding the euro-area growth outlook have moved to the downside on account of the persistence of uncertainties”. Indeed, what he stated about the euro zone can be repeated for the world at large. The International Monetary Fund sang from the same hymn sheet when updating its World Economic Outlook in January, citing “high… Source link

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Singapore 

Super cool space shuttle-inspired kid’s bedroom in this four-bedroom condo, Singapore News

Having worked on business owner Charles Cheo’s previous home about 10 years ago, Raymond Seow, design director of Free Space Intent, was deemed the most suitable candidate to design the interior of Charles’ new apartment at Duo Residences. The previous property was Charles’ family home and his parents still reside there. It has an Old Shanghai theme and is furnished with many antique Peranakan furniture pieces from Charles’ collection. “For the Duo apartment, which I share with my wife, Lili, and our twin boys, I wanted something different and which…

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New EU scrutiny mechanism to cool Chinese acquisition of strategic assets in Europe, says ING

An EDP power plant in Sines, Portugal. Further scrutiny of Chinese acquisition could affect deals such as hydropower giant China Three Gorges’ attempt to increase its stake in the power generator and distributor Energias de Portugal to 100 per cent, according to ING. Photo: Reuters Source link

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Chinese firms out in force at world’s biggest health care meet, even as country’s tech companies cool on US

More Chinese companies have flocked to this year’s JPMorgan Healthcare Conference, the industry’s largest investment symposium in the world, defying a steep slump in stock valuations in the sector and wider economic and political worries. About 38 Chinese privately-owned and listed companies – an increase of 22.6 per cent over last year – have made presentations and attended one-on-one meetings at the event, which runs Monday through Thursday this week in San Francisco. Thirty-one firms attended the event last year, and 21 in 2017. Why this Hong Kong tycoon’s family…

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Chinese companies cool on annual CES Vegas tech show amid trade war and economic uncertainty

The annual CES consumer electronics trade show in Las Vegas – the biggest technology and consumer electronics exhibition in the world, with around 175,000 expected attendees and 4,000 exhibitors – will kick off this week with about 20 per cent fewer Chinese merchants. Not a big surprise perhaps, given the current US-China trade stand-off and a rising war of words between the world’s two biggest economies over leadership in a range of cutting edge technologies and innovations, such as artificial intelligence and 5G mobile networks. However, it still marks a…

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Property 

Demand for prime office space in Hong Kong to cool further as trade war weighs on companies

Rising interest rates and lingering uncertainty over the US-China trade war are denting demand for prime office space in Hong Kong, with rents likely to fall in Central, the world’s most expensive office district next year, as businesses feel their impact, analysts said. “Investment volumes remained subdued amid ongoing economic uncertainty and the potential for further interest rate hikes,” said Denis Ma, head of research at JLL. “With the yield expectations of buyers rising and vendors remaining firm on asking prices, this trend will continue in the short-run.” Nearly 60,000…

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Property 

Actress Shu Qi sells Hong Kong villa at a loss as world’s priciest property market starts to cool

The signs of a property market slow down are here. Shu Qi, one of the highest paid actresses in China, got off lightly with a marginal loss on her Tai Po property sale on Sunday, according to market observers as they expect home prices to fall over the next 12 months amid concerns of a deteriorating trade war and rising interest rates. The Taiwanese-Hong Kong actress and model sold a 1,606 square feet villa at The Beverly Hills development for HK$17.6 million (US$2.2 million), down HK$2.4 million from her initial…

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