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China will think long and hard before sending in the PLA – it needs the Hong Kong ‘experiment’ to work, and it wants Taiwan back

There has been much hand-wringing in Hong Kong in recent days over the danger that impatient hardliners in Beijing will detonate the nuclear option, either unleashing the People’s Liberation Army garrison on pro-democracy protesters or trundling in thousands of People’s Armed Police, who have been amassing in a sports stadium in Shenzhen. Commentators have agreed that as demonstrations have become more violent and as local police efforts to quell the violence have proved ineffective, so the… Source link

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China’s electric vehicle showrooms are sending an ominous sign about the sales outlook this year

Chinese manufacturers of electric and hybrid vehicles are bracing for a downbeat second half after consumers flocked to showrooms across the country before the government scaled back its subsidy programme designed to promote green vehicles.While the sales figures for July have yet to be released, automotive analysts said anecdotal evidence points to a downturn in the new-energy vehicle (NEV) segment, which has bucked the annual decline in sales weighing on the broader automotive sector.“Sales… Source link

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Trade war thumps confidence, sending acquisition activity in Asia to a six-year low in the half, Mergermarket data shows

The value of mergers and acquisitions shrank by 36 per cent in Asia during the first six months of 2019 to a six-year low, led by declines in China-related deals as the US-China trade war and increased regulatory scrutiny stifled deal making.The value of M&As fell to US$241 billion during the first half in Asia excluding Japan, the lowest since 2013, according to data by Mergermarket. Declines picked up pace in the second quarter, falling by nearly a third to US$97 billion through 743… Source link

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Trade war uncertainties, probe in US spotlighting Chinese banks spook investors, sending China and Hong Kong stocks tumbling

Trade war uncertainty and news of a US sanctions probe spotlighting three Chinese banks sent shares on the mainland and in Hong Kong tumbling, with gold-linked stocks rising in a rare exception as investors continued to duck into the safe haven.The Shanghai Composite Index ended down on Tuesday 0.87 per cent, to 2,982.07, ending a six-day winning streak.The Shenzhen Composite Index also closed with losses, down about 1 per cent, to 1,560.46, in its second day of losses. The CSI 300 of large cap… Source link

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Donald Trump’s trade tweets and the Federal Reserve chief’s missteps are sending markets on a roller-coaster ride

Global markets have had a spectacular start to the year. The benchmark S&P 500 equity index is up nearly 15 per cent, while the MSCI All Country World Index ex US – a gauge of global stocks excluding American shares – has risen almost 10 per cent. Key measures of volatility across asset classes have declined sharply, while spreads, or the risk premium, on high-yield corporate bonds have narrowed significantly.The rally is attributable to two factors: the decision by the US Federal Reserve in… Source link

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Investors fret about Xiaomi’s game plan, sending shares tumbling

It was another painful day for Xiaomi, as investors bailed out after its latest earnings report, leaving the smartphone maker with a clear message: come up with a quicker game plan.Shares of Xiaomi fell nearly 5 per cent on Wednesday – the first trading opportunity for investors to grade its latest results. That left its shares down a jaw-dropping 32 per cent since it listed in June.Xiaomi has become a successful smartphone maker by selling them cheaply – its shipments have been ranked the… Source link

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Chinese investment giant CMIG misses bond payment, sending shockwaves through US$11 trillion market

An investment giant backed by dozens of the biggest Chinese firms and dubbed the “the aircraft carrier of China’s private companies” by local media has partly suspended trading of its bonds after missing a repayment. The case underlines the mounting pressure in the country’s US$11 trillion bond market, said analysts, as a liquidity crunch forces an increasing number of heavily indebted companies to the brink of default. China Minsheng Investment Group (CMIG) has stopped taking bids for three of its bonds “due to recent price volatilities”, according to a filing…

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Alphabet’s higher spending worries investors, sending shares lower

Alphabet Inc reported sharply higher fourth-quarter spending on video content, employees and facilities, worrying investors who sent the tech company’s shares down about 3 per cent after hours on Monday. Google’s parent company beat Wall Street’s estimates for revenue and profit, but the bigger-than-expected spending prompted investors to question whether cash funnelled into Alphabet’s newer businesses will generate the returns that its search engine unit historically has. “While the core business is still growing impressively, the significant spending shows growth isn’t quite as capital-light as had been hoped,” said George…

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Surgeon said ‘light duties’ appropriate, sending worker back to work day after surgery for broken collarbone, Singapore News

SINGAPORE – An orthopaedic surgeon appealed against his conviction of professional misconduct by a disciplinary tribunal for certifying a migrant worker fit for work the day after he had operated on him for a fractured collarbone. Dr Kevin Yip Man Hing did not give any sick leave to the 47-year-old construction worker, apart from the two days that the patient spent in hospital. Instead, he certified that the Chinese national was fit for “light duties” upon discharge as well as on two subsequent visits to review his condition. At his…

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Singapore 

Singapore stands firm in dispute over its territorial waters, rejects KL’s call to stop sending assets to area, Singapore News

SINGAPORE – Singapore has rejected Malaysia’s call for both countries to stop sending assets into an area of the Republic’s waters off Tuas which Kuala Lumpur recently laid claim to. Malaysian government vessels that have encroached into Singapore’s territorial waters must leave the area immediately, the Republic added. “Singapore remains ready to discuss this issue with Malaysia in a constructive manner in the spirit of preserving our important bilateral relationship,” a Ministry of Foreign Affairs (MFA) spokesman said on Friday night (Dec 7). “However, Singapore does not agree with Malaysia’s…

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