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Thai medical tycoon wanted for alleged fraud flees to China
THAI hospital tycoon Boon Vanasin, who allegedly lured some 7.5 billion baht (S$294 million) of investments in fake medical projects, has…
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China
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US aircraft carrier returns to allied naval base near China seas
An American nuclear-powered aircraft carrier on Friday returned to its home port in Japan, a security ally of the United States, for…
Business
Sinochem may retain three bankrupt refineries in China due to low auction interest
Sinochem Group is considering retaining three bankrupt oil refineries in eastern China after auctions to sell them attracted little…
Unsorted
China's second-richest man demands apology from ByteDance founder over online attacks
China's second-wealthiest man on Wednesday made a surprise demand that the country's richest man, founder of ByteDance, apologise for the…
Business
China smartphone sales drop 9% y/y over Singles’ Day shopping festival
Apple sales fell year-over-year by double-digit percentages, Huawei’s sales increased by 7%, while Xiaomi’s sales declined by 6%. APPLE…
Unsorted
China admits spy plane violated US ally's airspace
A Chinese spy plane unintentionally entered Japanese airspace in August while taking evasive action after encountering turbulence over the…
Unsorted
Hennessy staff strike over plans to bottle cognac in China
AROUND 500 staff at Hennessy, the cognac manufacturer owned by French luxury giant LVMH, went on strike on Tuesday (Nov 19) to protest…
Business
Swiss watch exports fall again amid plummeting demand in China
SWISS watch exports fell for a second straight month in October as a sharp drop in shipments to China offset growth in the US. Exports of…
Business
China tells local funds to stop buying LGFV bonds via Hong Kong link
CHINA has effectively banned domestic investors from buying offshore yuan bonds issued by local government financing vehicles through its…
Business
China Mobile is said to explore deal for Internet provider HKBN
CHINA Mobile, the world’s largest wireless carrier by subscribers, is exploring a potential deal for Hong Kong broadband provider HKBN as…
Unsorted
Why Chinese companies are also waiting for Sudan's civil war to end
Chinese companies are ready to return to Sudan at a moment's notice, according to a Chinese official, once security and stability are…
Business
China suspends popular trading platform Hithink RoyalFlush from adding new clients
CHINA’S market watchdog ordered Hithink RoyalFlush Information Network to suspend its investment advisory service unit from adding new…
Unsorted
Iron ore slumps on China property concerns, firmer supply
IRON ore futures declined to their lowest level in nearly two months on Friday (Nov 15) and fell for the week, weighed down by weakness in…
Business
China retail sales pick up speed, beat forecasts in October
Chinese policymakers are grappling with slumping domestic consumption (STR) China's retail sales last month grew at their fastest clip…
Unsorted
Major Chinese cyberespionage targeting US telecom networks uncovered by FBI
The FBI has announced that its investigation into Chinese government-sponsored cyber activities has revealed an extensive cyberespionage…
Business
China says TSMC chip curbs undermine interests of Taiwan companies
CHINA’S Taiwan Affairs Office said on Wednesday (Nov 13) that a US order to Taiwan Semiconductor Manufacturing Company (TSMC) to halt…
Business
Toyota aims to ramp up China production in a strategy pivot: sources
TOYOTA aims to make at least 2.5 million vehicles a year in China by 2030, three sources said, an overhaul that will see it bring its…
Business
US ordered TSMC to halt shipments to China of chips used in AI applications: source
THE US ordered Taiwan Semiconductor Manufacturing Co (TSMC) to halt shipments of advanced chips to Chinese customers that are often used…
Business
Europe: Shares log third week of declines on China, tariff jitters
EUROPE’S benchmark Stoxx 600 logged its third consecutive week of declines on Friday (Nov 8), hurt by underwhelming stimulus measures from…
Fashion
Richemont profit slumps on weak China demand for luxury watches
RICHEMONT reported a slump in profit in the first half as the Swiss luxury group’s watchmaking division suffered from cooling demand in…
Business
China tells banks to cut interbank deposit rates to boost growth
CHINESE regulators told the nation’s banks to lower rates they paid to deposits from other financial institutions to free up funds to…
Business
Bulgari CEO sees China luxury market recovering in next two years
CHINA’S luxury market may recover in the next 24 months as the country’s economy bounces back, Bulgari chief executive officer…
Business
Toyota keeps profit outlook despite weakness in Japan, China
TOYOTA Motor kept its annual profit outlook intact despite reporting quarterly results that were dragged down in Japan and China, as the…
Business
China stocks end at 4-week high as Premier expresses confidence in economic recovery
MAINLAND China stocks closed at a four-week high on Tuesday (Nov 5), after Chinese Premier Li Qiang expressed confidence in the country’s…