Author Archives
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Hong Kong business activity falls to its 21-year low: IHS Markit survey
The Purchasing Manager’s Index survey reveals a deepening of an economic crisis in Hong Kong – one of Asia’s leading financial hub. An IHS Markit survey that was published on Tuesday shows, business activity in Hong Kong’s private sector has… Read More ›
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China faces opportunity to consolidate its market opening
French President Emmanuel Macron called on China to capitalize on this opportunity and quickly consolidate the opening of its market to its trading partners. On Tuesday, French President Emmanuel Macron called on China to “consolidate” the opening up of the… Read More ›
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Malaysia aiming to trace $4.34 billion in 1MDB-linked assets: Latheefa Koya
The investigation into Malaysia’s sovereign wealth fund 1Malaysia Development Berhad (1MDB) spans several countries. On Tuesday, in a statement Malaysia’s anti-corruption chief disclosed, Malaysia is looking to locate at least $4.34 billion (18 billion ringgit) worth of assets linked to… Read More ›
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Boris Johnson rejects call for no-deal Brexit in election rally
Johnson’s election gamble and his no-deal Brexit stance is likely to split the pro-Brexit vote in some seats. In a development that potentially splits the euroskeptic vote in Britain, following British Prime Minister Boris Johnson’s rejection of calls to drop… Read More ›
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Israel’s sign gas export deal with Egypt
Israel will start exporting gas to Egypt from January 2020. In a regulatory filing in Tel Aviv, Israel’s Delek Drilling stated, shares have been transferred to buyers in a joint venture called EMED between Texas-based Noble Energy and Delek wherein… Read More ›
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Asia likely to become world’s largest trade bloc in February 2020
The Pan-Asia Regional Comprehensive Economic Partnership (RCEP) is unlikely to be signed during the ASEAN summit in Bangkok, Thailand. Negotiators aims to sign the pact in February 2020. According to a spokeswoman from Thailand’s government, a trade deal by Asian… Read More ›
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David Howson named CEO of stock exchange operator Cboe Global Markets
Mark Hemsley, President of Cboe Europe, would be retiring from the company at the end of February. Howson has been named as his successor. On Friday, stock exchange holding company Cboe Global Markets stated, Mark Hemsley, President of Cboe Europe,… Read More ›
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Hong Kong’s economy falls into a recession
Hong Kong, Asia’s financial hub, is likely to see a large outflow of capital moving to Singapore. On Thursday, according to preliminary goverment data, for the first time since the 2007-2009 global financial crisis, Hong Kong, weighed down by an… Read More ›
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Brexit contributing to slowdown in British car manufacturing
Already hit by falling sales in China, and from the U.S.-China trade war, the automotive industry is going through a turbulent time. On Thursday, an industry body in Britain disclosed, British car production has dropped by an annual 3.8% in… Read More ›
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Toshiba sues former employee for fraud
Following detection of fraudulent transactions, Toshiba has filed a lawsuit against a former employee at its U.S. unit. On Thursday. Toshiba Corp said it has filed a lawsuit against a former employee of a U.S. unit for conspiring with a… Read More ›
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