China 

US officials push for sanctions on China over oil purchases from Iran

This story is published in a content partnership with POLITICO. It was originally reported by Eliana Johnson on politico.com on July 11, 2019.Senior administration officials now agree that China defied US sanctions when it imported more than a million barrels of crude oil from Iran last month. But they are grappling with whether – and how – to hit back, according to three US officials.The US State Department had considered issuing a waiver allowing Chinese companies to receive Iranian oil as… Source link

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China 

Beijing’s move to keep tax break on purchases of new-energy vehicles to support troubled auto sector, help biggest players

A move by Beijing to keep a sales tax break on environmentally friendly cars to help the sputtering auto sector will boost the fortunes of top domestic EV manufacturers as well as the popular Tesla from the US over smaller players, analysts say.Beijing had been widely expected to scrap the sales tax break, but the Ministry of Finance announced on Friday it is extending it. A change had been expected to go into effect Monday, but buyers battery-powered and plug-in hybrid cars will still be… Source link

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Home 

Hong Kong’s May lived-in home prices rise at a slower pace as escalating trade war deterred buyers from big-ticket purchases

Prices of Hong Kong’s lived-in homes increased at a slower pace in May, as the escalation of the US-China trade war created uncertainty for the city’s business operations and investments, giving buyers a reason to hold back their big ticket purchases.The index of used homes rose by 1.4 percentage points to a record 396.8, according to data by the Rating and Valuation Department, slowing down from April’s increase of 3.2 percentage points.Last month’s data could be the start of another turning… Source link

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Vietnam 

More purchases of small stocks this week: analysts – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Habeco’s production line at its factory in Hà Nội’s Mê Linh District. Brewery stocks have lured investors’ attention due to the increase in beer sales during summer. – VNA/VNS Photo Huy Hùng HÀ NỘI – Investors have sought opportunities in defensive stocks amid rising fears about the US-China trade war, and brokerage firms expect the trend to continue this week. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange ended Friday at 970.03 points, for a total four-day decline of 1.73 per cent. The index lost a total of 0.66 per…

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Vietnam 

Tightening credit for luxury home purchases might rock realty market: experts – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Policies must promote real estate market development while limitin risks. — Photo vneconomy.vn HÀ NỘI — If credit policies for luxury home puchases were tightened, it could be a shock for the property market, experts have warned. The State Bank of Việt Nam plans to apply a credit risk ratio of 150 per cent for loans to purchase home worth from VNĐ3 billion (US$126,000) – three times higher than the current ratio, according to a draft circular about limits and safety ratio for banks’ operation recently made public. The central bank said…

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Vietnam 

VN stocks up on weak bottom-fishing purchases – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Workers load packages for transport at the PetroVietnam Fertiliser and Chemical Corporation. The company’s shares jumped 3.8 per cent on Tuesday after having dived 6.8 per cent in the previous five trading days. — Photo kinhtedothi.vn HÀ NỘI — Vietnamese shares edged up on Tuesday as investors went fishing for stocks that had been hit hard in previous days. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange gained 0.22 per cent to close at 968.00 points. The VN-Index inched down 0.04 per cent on…

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Singapore 

Tightened GST relief, smaller duty-free alcohol allowances: 8 things to know before making purchases abroad, Singapore News

SINGAPORE – In Finance Minister Heng Swee Keat’s Budget 2019 statement, he announced that the goods and services tax (GST) import relief will be tightened for travellers returning to Singapore from Tuesday (Feb 19). In addition, the alcohol duty-free concession will also be reduced from April 1. Not sure how these changes affect your next trip overseas? Here are eight things to note before making your purchases abroad.  1. WHAT IS GST AND WHY DO I HAVE TO PAY GST ON MY PURCHASES OVERSEAS? GST is a local consumption tax.…

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Vietnam 

VN stocks rebound on bank purchases – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Vietnamese shares advanced on Wednesday on foreign investors’ purchases for listed commercial banks. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange rose 0.18 per cent to close at 908.18 points. The southern market index fell 0.49 per cent on Tuesday. The HNX Index on the Hà Nội Stock Exchange inched up 0.13 per cent to end at 102.67 points. The northern market index bounced back from a 0.80 per cent drop on Tuesday. Foreign purchases for…

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Vietnam 

Central bank resumes dollar purchases to build up foreign reserve – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The State Bank of Việt Nam (SBV) has resumed the purchase of US dollars from commercial banks after a six month break thanks to favourable conditions in the country’s foreign exchange market. On Monday, SBV’s Operations Centre net bought some US$200 million from commercial banks on the inter-bank market in a move to build up the country’s foreign reserve. The purchase followed a recent move by the SBV centre to adjust up its buying rate of the dollar against the đồng by…

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Home 

White House said to mull new year executive order to bar Huawei, ZTE purchases

President Donald Trump is considering an executive order in the new year to declare a national emergency that would bar US companies from using telecommunications equipment made by China’s Huawei and ZTE, three sources familiar with the situation told Reuters.  It would be the latest step by the Trump administration to cut Huawei Technologies and ZTE Corp, two of China’s biggest network equipment companies, out of the US market. The United States alleges that the two companies work at the behest of the Chinese government and that their equipment could…

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