Global 

Why even Donald Trump can’t stop the march of overseas workers, and the money flows going home

Foreign investors and aid agencies have long regarded themselves as the saviours of struggling developing countries. But, as of this year, they need to think again, as remittances from international workers have for the first time overtaken all other sources of overseas funds that help to keep developing countries afloat. The World Bank and International Monetary Fund say that, in 2018, a total of around 270 million international workers sent back to their home economies remittances amounting… Source link

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China 

Shanghai fails to offer zero-duty incentives seen as crucial to cargo flows in Lingang free-trade zone

An operating guide containing 50 new rules published by the Shanghai government on Friday failed to mention what import duty policy would be adopted inside the free-trade zone at Lingang, a detail that foreign as well as local businesses were waiting for.“Goods from abroad entering the fenced customs areas of the new zone, and transactions of goods and services inside the fenced area, will be subject to special taxation policies,” the guide said. The new rules come into effect on September 1… Source link

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Vietnam 

Shares slide, money flows into industrial sector – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

      Investors at a Maybank Kim Eng brokerage house. Việt Nam’s benchmark VN-Index decreased 0.88 per cent to close Tuesday at 964.61 points. — Photo tinnhanhchungkhoan.vn HÀ NỘI – Local shares continued to slide on Tuesday amid rising foreign net selling. On the Hồ Chí Minh Stock Exchange, the VN-Index decreased 0.88 per cent to close Tuesday at 964.61 points. On the Hà Nội Stock Exchange, the HNX-Index closed down 0.99 per cent at 101.89 points. Both stock indices also fell on Monday. Nearly 254 million shares worth total VNĐ9.1…

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Vietnam 

Shares advance on strong cash flows – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Steel maker Hòa Phát Group gained 3.9 per cent to VNĐ22,400 per share and matched 9.5 million shares on Thursday. — VNA/VNS Photo  HÀ NỘI — Shares kept their upward trend on Thursday trading as cash flow continued to pour in ‘Vin’ stocks and many other large-caps. On the Hồ Chí Minh Stock Exchange, the VN-Index rose 0.66 per cent to 994.95 points. The index lost 0.11 per cent to close at 988.41 points on Wednesday. A total of 171.7 million shares worth VNĐ4.5 trillion (US$192 million) were traded in…

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Home 

As talk of global recession emerges amid US-China trade war, deal flows and sentiment take a hit

Companies are taking a much more cautious view on mergers and acquisitions this year, particularly when it comes to transactions involving the United States and China, as the world’s two biggest economies square off in an escalating trade war, according to deal advisers.Transaction volumes – and the value of deals – are down, driven by fewer mega deals and increased uncertainty about the global economic outlook, advisers said.According to research and financial data provider Mergermarket, the… Source link

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Home 

China stocks climb as foreign capital flows back to A-shares

China stocks ended higher Tuesday, supported by a return of foreign capital inflow and investors’ hopes on further economic stimulus measures.In Hong Kong, the Hang Seng Index also finished higher on selective financials gains.The Shanghai Composite ended 0.61 per cent, or 17.53 points higher, at 2909.91, its highest level since May 16. The CSI 300, which tracks blue chips listed on the Shenzhen and Shanghai bourses, was up 0.96 per cent, or 35.06 points at 3,672.26.Buying interests returned to… Source link

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China 

Trade war-hit town near Shanghai see positives from US-China tensions as it seeks two-way investment flows

Tongxiang, a town in the Chinese coastal province of Zhejiang, has been hit hard by the increase in US tariffs on Chinese imports this month, but local government officials are now banking on the trade war to boost two-way investment flows.At an investment promotion event targeting potential US investors in Shanghai last week, days after the US escalated trade tensions by raising tariffs on US$200 billion of Chinese products from 10 per cent to 25 per cent, Fei Jianliang, the local commerce… Source link

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Sequoia China to cut up to 20 per cent of its investment staff as fund flows into technology industry and start-ups slow to a trickle

Sequoia Capital China, widely viewed as a bellwether for Chinese tech investment, is set to lay off as much as 20 per cent of investment staff as a slowdown in the country’s tech sector saps appetite for risk, said two people with knowledge of the matter.The Chinese arm of Silicon Valley venture capitalist Sequoia Capital is looking to cut the number of venture investment professionals from about 70, the people said. Two other people said the cut would be at least 10 per cent.Sequoia China told… Source link

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