Global 

China economy to get more stimulus to fight trade war tariffs? Official drops hint help may come

The debate over whether China needs a new round of stimulus to offset weakening economic growth has returned, following disappointing April economic data and the threat by the United States to expand tariffs to cover all Chinese imports.That debate will intensify with the news that Wang Yang, a member of the ruling Communist Party’s policymaking Politburo Standing Committee, told Taiwanese businessmen at a meeting in Beijing on Thursday that the trade war, in the worst case scenario, could cut… Source link

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China 

China’s economic growth unable to boost employment as job market drops to six-year low, says think tank

Despite better-than-expected economic growth in the first quarter, China’s job market performed at its worst level in six years at the start of 2019, according to an industry report published on Friday.The number of jobs seekers normally rises during January to March when many workers look to change jobs and college graduates start looking for career opportunities after their graduation. However, in the first quarter, the number of potential applicants rose to the highest level since 2011 while… Source link

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Home 

China’s stock benchmark drops from one-year high as carmakers weigh on sentiment

China’s stocks fell from a one-year high, as carmakers ran out of gas following a rally spurred by speculation about government stimulus to bolster car salses.The Shanghai Composite Index dropped 0.4 per cent, or 12.92 points, to 3,250.20 at the close on Thursday after rising to the highest level since March 2018 a day earlier. A gauge tracking auto stocks slumped 1.9 per cent after surging 7 per cent over the past two days, according to data provider Shanghai DZH. Hong Kong’s Hang Seng Index… Source link

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Singapore 

KFC unleashes their inner hypebeast, drops limited-edition sneakers, Singapore News

Get ready for a new player in the streetwear scene.  You may recall the rush to grab a limited-edition McDonald’s McGriddles hoodie earlier this year, but wait, there’s more. KFC has just announced that they will take one great step into the fast-food fashion scene. The fast-food chain revealed that they will release limited-edition sneakers for the ultimate fans out there.  But before you rush to cop this drop, KFC added that only eight pairs of shoes are available for grabs.  In a Facebook post on April 12, the brand teased their new kicks: In line…

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Vietnam 

Market drops despite global rally – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Shares reversed at the end of the session on Tuesday, dropping due to selling pressure weighing down many large-caps, in contrast to the rally of the global market. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange was down 0.28 per cent, closing at 985.81 points. The southern market index rose 0.79 per cent on Monday. More than 236 million shares, worth VNĐ4.9 trillion (US$209 million), were traded on the southern bourse. The VN-Index in the morning extended gains,…

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Home 

‘Brexiety’ becomes a word as foreign investment in UK real estate drops to its lowest level since 2016 vote to leave European Union

Foreign investment in UK property has in the first three months of 2019 fallen to its lowest level since the first quarter of 2016, the three-month period before the country voted to leave the European Union, according to data provider Refinitiv.Cross-border spending on UK property – residential, non-residential, other real estate, real estate management and development, Reits, hotels and lodgings – reached US$598.3 million in the March quarter, a tenth of the US$5.9 billion reported in the… Source link

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Vietnam 

HCM City export processing zones need revamp as FDI drops – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — Experts have recommended a number of measures to increase foreign direct investment (FDI) in HCM City’s export processing zones (EPZs) and industrial zones (IPs).      Infrastructure in the EPZs and IPs, most of which were set up in the 1990s, has deteriorated, especially wastewater treatment facilities. A number of centralised wastewater treatment systems, for example, have been found in violation of environmental regulations. In addition, many enterprises that want to expand their business face challenges as available land for rent in…

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Pork producer WH Group calls for end of trade war, as 2018 profit drops 4 per cent

China’s WH Group, the world’s largest pork producer, called for an end to the US-China trade war on Friday, citing higher tariffs on US exports to China as one factor weighing negatively on its underlying business.The outbreak of the African swine fever and rising meat production in the US were also negative headwinds, the company said.Net profit for 2018 fell 4 per cent to US$1.05 billion, WH Group said in filing on Friday.Revenue was up 1 per cent to US$22.61 billion, slightly beating… Source link

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Tencent-backed Chinese movie ticketing app Maoyan drops by 1.6 per cent on Hong Kong trading debut

Maoyan Entertainment, China’s biggest movie ticketing app, dropped by about 2 per cent on its closely watched trading debut on Monday in Hong Kong. In a shortened session ahead of Lunar New Year, Maoyan’s shares declined by 1.6 per cent to HK$14.56 in mid-morning trade. The stock had at one point been down by as much as 3 per cent, before it moved higher. The company priced its shares at HK$14.56, the low end of its anticipated price range, and the listing was moderately oversubscribed, the company said on Friday.…

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