Business - dotdotnews

Smart Talk | Will digital RMB challenge hegemony of USD?

The homecoming of China concept stocks

Frontline of Taobao Maker Festival 2020｜Six future trends unveil opportunities for young entrepreneurs

CDB to provide ￥360 bn of financing to Greater Bay Area

China's 'single economy' stimulates consumption

China opens further to foreign investors

China is taking more steps to open up its economy to foreign investors, as it aims to further facilitate investment and spur growth despite disruptions from the COVID-19 pandemic and mounting international uncertainties, officials and experts said on Tuesday (Oct. 20).

Home 10-21 09:56:03

Ant IPO pushes demand for HK dollar to most on record

Share sales in HK have raised a combined US$23.4 billion through late September, the third-most globally, according to a research note from accounting firm KPMG

Hong Kong 10-20 15:41:34

Didi eyes 2021 HK IPO, valuation of more than US$60 bn

Didi, backed by technology investment giants SoftBank, Alibaba and Tencent, has started initial talks with investment banks for the long-awaited IPO

Hong Kong 10-20 15:26:02

Impossible Foods launches in HK stores, eyes mainland market

Impossible Foods' Chief Executive Pat Brown said the firm wanted to build a complete plant-based supply chain in the country and make it a domestic industry

Hong Kong 10-20 15:09:40

US stocks retreat at close as stimulus hopes fade

Wall Street ended lower on Monday (Oct. 19), erasing early gains amid signs of rising coronavirus infections and dwindling hope of a stimulus deal for the US economy.

Home 10-20 09:42:34

China will support Shenzhen's lead in capital market construction

China will support Shenzhen to take the lead in capital market construction under the newly implemented plan for comprehensive pilot reforms in Shenzhen, said China's top securities regulator on Sunday (Oct.18).

China 10-19 10:50:08

IMF: China to be the only economy with positive growth in 2020

China continues to be the only economy in the world to show positive growth in 2020 as its GDP is predicted to expand 1.9 percent this year, according to the latest economic outlook released by the International Monetary Fund (IMF) on Tuesday (Oct. 13).

Business 10-14 11:00:15

WTO says EU can slap tariffs on US$4bn in US goods

The World Trade Organisation ruled that the European Union could impose tariffs worth US$4.0 billion on US imports in retaliation for illegal American aid to plane maker Boeing, a year after the EU was sanctioned for its support of Airbus.

World 10-14 10:24:13

Mainland probe delays approval for Ant's IPO: report

China's securities regulator is probing a potential conflict of interest in fintech giant Ant Group's planned US$35 billion stock listing, delaying approval for what could be the world's largest IPO, three people with direct knowledge of the matter said.

Home 10-13 20:36:06

Citibank fined US$400mn for lax risk management

US authorities fined Citibank US$400 million over deficiencies in risk management practices and required an overhaul of internal controls at the global financial powerhouse, officials announced on Wednesday (Oct. 7).

World 10-08 16:59:47

IMF urges infrastructure investment to boost post-COVID growth

The International Monetary Fund on Monday said member governments should seize a low interest rate opportunity to invest in infrastructure to drive recovery from the coronavirus pandemic and a shift toward greener energy.

Home 10-06 11:07:58

Paul Chan: New iBonds to guarantee better returns

The Financial Secretary, Paul Chan, said the government will soon issue a new round of inflation-linked iBonds at a more attractive guaranteed rate of return for investors.

Business 10-04 16:34:52

Japan's unemployment rate rises to 3% in Aug, highest in over 3 years

Japan's unemployment rate rose from 2.9 percent in July to 3 percent in August for the first time in over three years as the coronavirus pandemic continued to weigh on business activities, according to government data released on Friday (Oct.2). The jobless rate hit its worst level since the 3.1 percent recorded in May 2017.

Business 10-02 11:45:45

The Chinese yuan just had its best quarter in 12 years

The Chinese yuan is drawing attention as a haven from volatility after its best quarter in 12 years.

Home 10-02 10:39:59

Top US airlines starting 32,000 furloughs

American Airlines and United Airlines, two of the largest US carriers, said they were beginning furloughs of over 32,000 workers on Thursday (Oct.1) as hopes faded for a last-minute bailout from Washington.

World 10-01 17:53:09