Home 

Stocks Blog: China, Hong Kong markets face Trump's latest mixed messages on trade, tech

Good morning, traders — Well, TGIF, because it has been one rocky week, with tech storms unleashed by US President Donald Trump. In the latest overnight, Trump called Hauwei Technologies “very dangerous” from a security and military standpoint, but also said the US-blacklisted Chinese telecommunications equipment maker might be dealt with in trade negotiations with Beijing.   Meituan Dianping (3690 HK) beat the highest estimates in its first quarter revenue report. And the Hang Seng Index… Source link

Read More
Home 

Chinese electric carmaker Xpeng the latest to jump into ride-hailing despite ongoing losses at market leader Didi

Chinese electric vehicle start-up Xpeng Motors is making a foray into the country’s ride-hailing market, a move that will intensify competition in a business that has yet to deliver profits for industry giants Didi Chuxing and Uber.Alibaba-backed Xpeng, which received a ride-hailing operation licence from Guangzhou authorities on Monday, could start trial services as early as this month, according to people familiar with the matter.“It will be an important component to Xpeng’s ecosystem, with… Source link

Read More
Singapore 

Man charged in latest NUS Peeping Tom case, Singapore News

The National University of Singapore (NUS) student who allegedly filmed a female hallmate in the shower last Saturday changed his clothes immediately to avoid being identified, said the police. The latest alleged culprit in a string of Peeping Tom cases reported at local universities in the past month, Joel Rasis Ismail, 26, was charged in court yesterday with one count of criminal trespass and one count of insulting the modesty of a 23-year-old woman. According to charge sheets, the Singaporean allegedly trespassed into a female bathroom at Kuok Foundation House,…

Read More
Singapore 

Here’s what you need to know about the latest changes to CPF usage and HDB housing loans when buying residential properties, Singapore News

Starting from today (10 May 2019), new rules regarding the use of CPF for purchasing residential properties and HDB loan limits will take effect – for both HDB flats and private properties. DollarsAndSense explains what these new rules are – and how they might affect you. OLD RULES REGARDING CPF USAGE AND HDB LOANS In the past, how much CPF you can use to pay for your residential property and HDB loan amount depends on the length of lease remaining on your property. OLD SCENARIO 1: If your property has…

Read More
China 

Chinese services figures suggest economy was stabilising before Donald Trump’s latest trade war threat

The Chinese service sector remained resilient in April, according to the monthly Caixin/Markit survey released on Monday, a further sign that the Chinese economy was stabilising before Donald Trump’s most recent tariff threat.On Sunday, the US President tweeted that he would raise tariffs on US$200 billion of Chinese imports on Friday because he was disappointed by the lack of progress in talks to end the trade war.If implemented, the tariffs are likely to put further downward pressure on the… Source link

Read More
China 

China targets steel industry as latest front in its war on pollution

China has shifted its focus in the battle for clean air to the steel industry after cutting emissions from coal power plants, the former top polluter.On Sunday, the Ministry of Ecology and Environment and four other ministries released a joint directive intended to ensure steel mills in the country’s most polluted regions meet “ultra-low” emission standards by 2025.The announcement cited a leading environmental scientist’s estimate that the measure could reduce particulate emissions in areas… Source link

Read More
Home 

Developers rush to bid for Kai Tak’s latest residential land plot as bull market returns to Hong Kong’s real estate

Developers submitted seven bids for the third-largest residential plot at Hong Kong’s former Kai Tak airport, as April sales data showed home transactions jumping by 52.8 per cent from March, in a clear sign of the bull market’s return to the world’s most expensive city.Kai Tak’s Area 4C Site 2, a sliver of land sitting on the former Kai Tak runway, can yield 641,168 square feet (59,566 square metres) of gross floor area. It is valued at HK$11.5 billion (US$1.47 billion), or HK$18,000 per… Source link

Read More
Home 

Stephen Moore was Donald Trump’s latest choice to join Federal reserve board. Now he’s withdrawn

FILE – In this June 20, 2014 file photo, Herman Cain, CEO, The New Voice, speaks during Faith and Freedom Coalition’s Road to Majority event in Washington. President Donald Trump said Wednesday, April 10, 2019, that Cain is a “wonderful man,” but it will be up to him to decide whether to go forward with a nomination to the Federal Reserve’s seven-member board. (AP Photo/Molly Riley, File) Source link

Read More
Home 

China’s latest tech export: an Arabic-speaking, AI-powered news anchor from Sogou

Sogou, operator of China’s second largest online search engine, will develop the world’s first Arabic-speaking, artificial intelligence-based news presenter under a deal with the state-owned broadcaster in the United Arab Emirates (UAE), as demand for Chinese hi-tech expertise grows in the countries covered by Beijing’s Belt and Road Initiative.The lifelike AI virtual anchor will help Abu Dhabi Media (ADM) provide news broadcasts more efficiently, in a range of engaging formats and potentially,… Source link

Read More
Home 

University of Illinois the latest US school to end research collaboration with China’s Huawei

The University of Illinois is the latest US educational institution to end research collaboration with Chinese telecommunications equipment maker Huawei Technologies amid federal investigations into the company and its alleged potential security risks.The decision was announced last week via email to faculty and staff in the College of Engineering, which ranked 10th in the US News and World Report’s list of top American engineering schools.“Effective immediately, the university will not be… Source link

Read More