Vietnam 

Refinitiv Brings its Financial Data to the Cloud for Customers in Asia – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Full breadth and depth of Refinitiv’s real-time data available through flexible and secure AWS Cloud services   SINGAPORE – Media OutReach – 15 August 2019 – Refinitiv has launched delivery of its financial data to Asia-based clients leveraging Amazon Web Services (AWS) as it continues to expand its global cloud capabilities to meet customers’ needs.   Refinitiv’s Elektron real-time data is now available in the AWS Asia Pacific (Singapore) Region, improving service quality to customers based in the region. The Elektron real-time cloud delivery is designed to simplify access to real-time price information…

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Home 

China’s internet regulator warns app operators over data privacy and says more rectification is needed

China’s internet regulator has said that a large number of mobile apps need to take rectification measures for the over-collection of personal data, clamping down on the practice as the country’s over 800 million mobile users increasingly shop and order services exclusively online.The National Computer Network Emergency Response Technical Team issued its half-yearly report on Tuesday, saying a national response to the problem was necessary. Beijing authorities last month censured several… Source link

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Global 

China ‘smoothing’ of economic data is distorting global growth and policy responses, study says

China’s official economic data over the past four years has been “too smooth to be realistic”, given the significant volatility in key industries over the same period, according to a new study by Rhodium Group, a US-based economic research house.A new report claims that this unrealistic data has led to distortions in global economic growth estimates, which in turn has affected economic policy decision-making throughout the world, with China paying the highest price.Beijing has always… Source link

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Home 

Hong Kong stocks pare gains after a strong start as weak Chinese data, protests weigh on sentiment

Hong Kong and Chinese markets reversed Tuesday’s losses on optimism over US President Donald Trump’s tariff concession, but gains were capped because of weak economic data from the mainland and ongoing protests in the city.The Hang Seng Index closed up 0.1 per cent at 25,302.28 on Wednesday. Twenty of the gauge’s 50 constituent stocks ended higher compared with only one in the previous session.The gains were led by smartphone components maker Sunny Optical Technology (Group), which jumped 8.7… Source link

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Home 

Chinese stocks buoyed by better-than-expected exports data, Ping An Bank earnings, record first rise in seven days

Chinese stocks rose for the first time in seven days, as better-than-expected exports data and strong results by Ping An Bank provided some relief to investors, suggesting the fallout from the US-China trade war might not be as bad as anticipated.The Shanghai Composite Index added 0.9 per cent to 2,794.55 on Thursday, ending a six-day, 6.2 per cent losing streak that sent the benchmark to a five-month low. However, the trading volume on the Shanghai exchange was 9.3 per cent below its 30-day… Source link

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Home 

Trade between US and China tumbles in first half of year, data shows, a victim of tariffs

The total value of bilateral trade between the United States and China dropped by nearly 14 per cent in the first half of the year versus the same period in 2018, data from the US Commerce Department showed on Friday.The change is a clear effect of the trade war between the world’s two largest economies, analysts say.In the first six months of the year, adding exports and imports as a measure of total trade between the US and China, the total amount of goods exchanged was US$271 billion versus… Source…

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China 

Trade war tariffs continue to gnaw away at China’s manufacturing outlook, new data shows

China’s manufacturing industry remained weak in July, with factory owners still downbeat about their prospects, as the pressures of the trade war with the United States continued to mount.The official purchasing managers’ index (PMI) rose slightly to 49.7 from 49.4 in both May and June, the National Bureau of Statistics said on Wednesday. The July result was above the median forecast of 49.6 in a poll of economists by Bloomberg.However, it remained in contractionary territory, the fifth month… Source link

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London Stock Exchange is in talks to acquire the Refinitiv financial data and trading platform in a deal valued at US$27 billion

London Stock Exchange Group is in talks to acquire Refinitiv, the financial data and trading platform provider, in a deal that could be valued at US$27 billion and would add fuel to the bourse’s fastest-growing business.The exchange would issue shares as part of the transaction and Refinitiv holders may receive a stake of approximately 37 per cent, LSE said early Saturday in London in a statement.The effort is the first major strategic move by LSE Chief Executive Officer David Schwimmer, who… Source link

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Trade war thumps confidence, sending acquisition activity in Asia to a six-year low in the half, Mergermarket data shows

The value of mergers and acquisitions shrank by 36 per cent in Asia during the first six months of 2019 to a six-year low, led by declines in China-related deals as the US-China trade war and increased regulatory scrutiny stifled deal making.The value of M&As fell to US$241 billion during the first half in Asia excluding Japan, the lowest since 2013, according to data by Mergermarket. Declines picked up pace in the second quarter, falling by nearly a third to US$97 billion through 743… Source link

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Home 

China’s ByteDance to store data locally in India after rising privacy concerns

China’s ByteDance said it plans to open a data centre in India after its widely acclaimed short-video app TikTok sparked concerns over user privacy and content regulation.TikTok, the short-video sharing platform estimated to have almost 300 million downloads in India, has come under the spotlight since the country’s Ministry of Information and Technology demanded its Chinese parent company to explain how it collects user data and whether it has become a hub for antinational or unlawful… Source link

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