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China considers unwinding rules it put in place after the last equity market crash; proposed change to ease company fundraising

China’s securities regulator is considering scrapping profitability requirements in mergers and acquisitions (M&A) for listed companies, as a way to facilitate secondary fundraising as the trade war weighs on Chinese growth and threatens to push the global economy into recession next year.Under consideration is an amendment to remove profitability requirements in M&A deals involving listed companies, the China Securities Regulatory Commission (CSRC) said in a statement issued on its official… Source link

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Singapore 

BMW driven by elderly woman crashes into and mounts cars at carpark near Wheelock Place, Singapore News

A BMW driven by an elderly woman ended up on two parked cars at the Angullia Park surface carpark next to Wheelock Place on Wednesday (June 12) at about 4pm. Several Stomp contributors alerted Stomp to photos circulating online of the incident. At least two other cars were damaged as well. A video taken at the scene was posted on Reddit. Stomp understands the Singapore Civil Defence Force (SCDF) deployed two fire bikes, one red rhino, a pump engine, an ambulance and one rescue tender to the scene. No injuries…

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Singapore 

1-Altitude employee found dead in construction manhole on One Raffles Place roof, Singapore News

SINGAPORE – A 26-year-old employee of alfresco bar 1-Altitude employee fell to his death in a construction manhole on the roof of One Raffles Place just after midnight on Sunday (June 9). He was reportedly a security officer at the bar. Both the police and the Manpower Ministry are investigating. The police told The Straits Times the Singaporean man was found lying in a construction manhole at the location. He was pronounced dead at the scene. ST understands that no foul play was suspected. The police, which was informed of…

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Vietnam 

Thiều lychee week to take place in Hà Nội – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Thiều lychee, a specialty of Lục Ngạn District in the northern province of Bắc Giang, will be on sale in Hà Nội. — tinnhanhchungkhoan.vn HÀ NỘI — A week to promote thiều lychee from the northern province of Bắc Giang’s Lục Ngạn District will kick off at Hà Nội’s Exhibition Fair, Economic Transaction and Commercial Area from June 7-16. This is the fourth consecutive year the week will be held in the capital, which is expected to boost consumption of the special fruit in domestic and foreign markets. Deputy Chairman of Lục Ngạn District’s People’s Committee Cao Văn Hoàn…

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German firms find US less reliable than China as trading partner after getting caught between Trump and a hard place to do business

German companies think China is a far more reliable trading partner than the US or Great Britain, according to a survey by Commerzbank.China was ranked third in an assessment based on political and economic conditions affecting trade, with a score of 30, led by Germany itself way out ahead on 65, and France on 39. The US, in fourth place, was a long way behind on 17 points, followed by Italy (11), Russia (10), Great Britain (8), Brazil (5) and Turkey (3), according to the results of the survey… Source…

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Vietnam 

Alibaba Cloud, China Telecom, Google Cloud, HUAWEI CLOUD McAfee – Catch them all in one place at Cloud Expo Asia, Hong Kong – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

HONG KONG, CHINA – Media OutReach – 20 May 2019 – With just two days to go until doors open from 22 – 23 May at the Hong Kong Convention and Exhibition Centre (HKCEC) for the fourth edition of North Asia’s largest technology business event stack, Cloud Expo Asia and its co-located events, have received over 12,000 registrations comprising industry professionals from Estonia, Pakistan, Thailand, Germany, Korea, France and Greater China.  At the annual free-to-attend event, attendees can source the latest products and solutions from over 280 tier 1 solutions leaders specialising in Cloud…

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Vietnam 

Banks to issue chip cards in place of 21 million magnetic strip cards – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Customers withdraw money from an ATM. Seven banks will replace their current magnetic strip cards with chip cards to enhance their safety. — VNA/VNS Photo HCM CITY — Seven banks will start issuing ATM chip cards that meet EMV standards to replace magnetic strip cards in collaboration with the National Payment Corporation of Việt Nam starting from May 28. They are Vietcombank, VietinBank, BIDV, Agribank, Sacombank, TPBank, and ABBank, who have issued around 70 per cent of the cards in the country. Some other banks have also registered with NAPAS…

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Chinese equity investors, unsure of a sustainable bull run, place wagers on defensive plays

There is a paradox in China’s world-beating stock rally this year: defensive plays are turning out to be the best performers.While Chinese stocks have technically been in bull market territory this year following a 20 per cent gain in the Shanghai Composite Index, safe bets have been leading the charge so far. A gauge of consumer staples companies, from liquor distillers to dairy and food seasoning makers, has climbed 60 per cent, outperforming all other sectors.The resilience of consumer… Source link

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Singapore 

F&B outlets set to reopen after stand-off ends over rent in Raffles Place, Singapore News

SINGAPORE – A stand-off over rent between the landlord of Singapore Land Tower and four food and beverage (F&B) establishments was resolved on Wednesday (May 8) and about 50 staff are set to move back to their workplaces in the 48-storey skyscraper in Raffles Place. Mr Christopher Lim, the managing director of Fifty Raffles Place, who owns the four outlets, announced that they will all be reopening on Friday, about 10 days after staff had first been denied access. Mr Lim said on Wednesday that “the landlord offered to finally…

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A smarter place to live in London

[Sponsored Article] “The wise young man or wage earner of today invests his money in real estate.” A century since he said those words, the advice of Andrew Carnegie, billionaire businessman and philanthropist, still holds true today. Apart from fulfilling the universal dream of home ownership, property in a desirable location can reasonably be expected to appreciate over time. Among the world’s prime capitals, London is a standout: property values in the British capital have more than… Source link

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