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Donald Trump is putting global cooperation to a stress test. And the world may be better for it

(From left) Canadian Prime Minister Justin Trudeau, Argentinian President Mauricio Macri, US President Donald Trump, Russian President Vladimir Putin, European Council President Donald Tusk, IMF managing director Christine Lagarde, South Korean President Moon Jae-in and Senegalese President Macky Sall take their positions for a group photo at the G20 Summit in Osaka on June 28. Photo: AFP Source link

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Ecommerce 

Apple Pay, Alipay, WeChat Pay and PayMe put to the test – find out which digital wallet is best for you

Mobile payment has never been more popular. In China, mobile payment apps have practically been a way of life in the retail world for the last three years, with the trend now finally catching on in Hong Kong and Southeast Asia.Today, there is a growing number of e-payment apps, each promising faster, safer and easier transactions.According to a 2018 survey conducted by the Hong Kong Productivity Council on brand awareness of e-wallet services, Alipay, WeChat Pay, Apple Pay and PayMe were ranked… Source link

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China Construction Bank and China Merchants Bank ace stress test conducted by DBS Bank

China Construction Bank and China Merchants Bank are seen as the two most resilient mainlands banks capable of withstanding an extreme economic downturn because of their strong capital base, according to a stress test conducted by DBS Bank.Only two other banks – Chongqing Rural Commercial Bank and Bank of Shanghai – passed the Singaporean bank’s stress test involving a total of 19 lenders, which represent 76 per cent of the assets in China’s banking industry.China’s banking industry will need… Source link

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China 

Central bank’s ‘tremendous room’ to adjust policy may be put to test as China’s economy slows

The boast by People’s Bank of China governor Yi Gang this month that he has “tremendous room” to adjust policy could soon be tested as the economy slows, throwing attention on the impact on the nation’s fragile currency and financial markets.Compared to European and Japanese peers, China does have more obvious policy space. Its benchmark one-year lending rate has stayed at 4.35 per cent since 2015, far above zero. The Federal Reserve’s dovish turn also eases the depreciation pressures on the… Source link

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Stocks Blog: Hong Kong stocks under test after massive protests

Good day, traders. Traffic was back flowing in most of downtown Hong Kong this morning, but we will be watching to see whether protesters regroup and stage more demonstrations over a controversial proposal that would allow extraditions to mainland China. Protests dampened market sentiment on Wednesday, contributing to the worst fall on the Hang Seng in five weeks. Overnight, President Donald Trump said he has no deadline for getting trade talks back on track with China.  “My deadline is what… Source link

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Huawei trade ban to test China’s 5G roll-out as Beijing set to issue commercial licences

China’s Ministry of Industry and Information Technology (MIIT) said it will issue licences for commercial 5G mobile services “in the near future”, as the country attempts to move ahead in the global race to roll out ultra-fast, next-generation telecommunications networks that will help power the industrial internet, autonomous driving and smart cities.But a US blacklisting of Huawei Technologies, the global leader in 5G telecoms network equipment, raises concerns about the ability of China to… Source link

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Donald Trump has a friend in Japan, even as the trade war puts US alliances to the test

US President Donald Trump landed at the weekend on America’s “unsinkable aircraft carrier in the Pacific” (as former prime minister Yasuhiro Nakasone once referred to Japan), at a time when the trade war with China is looking unlikely to be an “easy win” – and could turn out to be a new Pearl Harbour. Having shunned alliances at the national level, the US leader needs personal allies wherever and whenever he can find them, and Japanese Prime Minister Shinzo Abe is offering Trump not just a deck… Source link

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Singapore 

‘Want to test your phone’s waterproof power ah?’: Mrbrown mocks handling of NUS peeping Tom scandal, Singapore News

Unless you have been living under a rock, you have probably heard of the National University of Singapore (NUS) Peeping Tom fiasco, which has left many Singaporeans enraged and frustrated over the university’s disciplinary actions (or rather the lack thereof).  NUS student Monica Baey posted a series of Instagram Stories on April 19 which detailed how her peeping Tom was let off the hook, even though he was caught in the act of filming her while she was showering in the toilet of Eusoff Hall. Local blogger mrbrown decided to weigh in…

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Huawei set for immediate test of Google ban on demand for new Honor smartphone

Honor, the budget smartphone brand of Huawei Technologies, is launching a new flagship handset in the UK on Tuesday which is likely to become an immediate test of reported restrictions Google is placing on its business with the Chinese company after it was added to a US trade blacklist last week.The Chinese company has not yet changed its plans for the grand launch of the Honor 20 Series on May 21 in London, which comes 10 days ahead of the unveiling of the same product in the domestic market… Source…

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Singapore 

Standard Chartered Singapore Marathon: Local female winner suspended for failed drugs test, Singapore News

SINGAPORE – The top local woman finisher at the 2018 Standard Chartered Singapore Marathon (SCSM) has been provisionally suspended after failing a drug test. Lim Baoying was handed the sanction by Monaco-based Athletics Integrity Unit (AIU), the results management authority for the SCSM 2018, which confirmed the suspension to The Straits Times on Tuesday (April 30). The sample Lim provided after the Dec 9 SCSM race had tested positive for modafinil, which is prescribed to people with sleep disorders to stay alert or improve focus, and is on the World…

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