The Luckin Coffee fraud scandal was a “great morality tale” for markets, and more needs to be done to protect American investors from such cases, said an analyst, who said a bill to delist Chinese companies in the U.S. is essentially toothless. “It’s a great morality tale. It seems to me that those of us […] Read more
Huawei could be banned from participating in India’s 5G network rollout, just months after it was given the green light to participate in the country’s trials for the technology. It comes after the Indian government said it would block 59 Chinese apps such as TikTok and WeChat, claiming they were a threat to national security. As […] Read more
The UK government’s planned post-Brexit trade deal with the US has been threatened by a revolt among Tory peers and MPs in Conservative-voting country shires where there are mounting anxieties about a collapse in food and farming standards. The much-vaunted agreement would be the biggest prize in a raft of trade deals the UK hopes to […] Read more
A major plan that will form part of China’s global technology push has been dubbed as hype and will face a number of challenges, a technology industry body. China Standards 2035 is an ambitious 15-year blueprint that Beijing is expected to release this year. It will lay out China’s plans to set the global standards for the […] Read more
China’s bond market is the exception, UBS Asset Management’s Hayden Briscoe said, as investors struggle in their hunt for yield. Major central banks around the world have taken drastic steps, like slashing or maintaining record low interest rates, to shore up financial markets reeling from the coronavirus pandemic. The yield on the 10-year China government […] Read more
Stocks in Asia dropped on Monday as investors weighed the potential impact of recent spikes in coronavirus cases. In Japan, Nikkei 225 dropped 3.47% to close at 21,530.95 while the Topix index slipped 2.54% to end its trading day at 1,530.78. Over in South Korea, the Kospi plunged 4.76% to close at 2,030.82. Mainland Chinese stocks were lower on the day, […] Read more
With the coronavirus pandemiccausing financial markets to tank and a prolonged period of uncertainty ahead, investors have been flocking to keep their cash in Singapore, with bank deposits in foreign currenciesreaching an all-time high of S$26.9 billion (US$19.2 billion) in April. In fact, such deposits have been steadily increasing since July, last year, data from […] Read more
News that Beijing has ordered state firms to halt purchases of farm products could well be an opportunistic political maneuver stemming from fundamental weakness on the demand side in China, said analysts. On Monday, Reuters reported that China has asked main state firms to suspend large-scale purchases of major U.S. farm products like soybeans and […] Read more
Chinese President Xi Jinping said Monday that his country will provide $2 billion over two years to help other countries respond to the impact of the coronavirus pandemic. The leader of the world’s second-largest economy, where the disease known as Covid-19 emerged late last year, was speaking via video conferencing at the opening ceremony of a key […] Read more
For any company that wants to succeed in the market, you cannot overlook the importance of online reviews today. When you allow negative reviews to build up then this can easily impact the business. Not only that but having no views is also bad, or even all positive ones that sound really untruthful and fake. […] Read more
