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BUSINESSJul 3Odisha signs memorandum of cooperation for Japan-backed projects worth ₹67,000 croreAdani Enterprises and UAE’s International Holding Company (IHC) Group on July 2 signed an MoU with Odisha to invest ₹1.08 lakh crore in aluminium sector, largest FDI for the StateThe Hindu
BUSINESSJul 3New international land-sea corridor connects China's Xinjiang to AfricaThe intermodal route linking Xinjiang to Africa via the Fangchenggang Port in south China, was officially opened on Thursday.Africanews [en]
BUSINESSJul 3EU will retaliate if China misses October trade deadline, von der Leyen says"We are basically prepared for everything, and we have all the instruments on the table," Ursula von der Leyen said, hinting at retaliation against China. The EU has imposed an October deadline to secure tangible results.EuroNews [en]
BUSINESSJul 3Can Hong Kong’s arbitration skills help the new global space race take off?Hong Kong is positioning itself as a middleman in the fast-growing global space economy, senior officials and experts have said, noting the city can turn its financial markets, common law system and dispute-resolution capabilities into a commercial advantage. At the 2026 Colloquium on International Law on Friday, Secretary for Justice Paul Lam Ting-kwok said Hong Kong’s “sharpest competitive edge” lay in professional services for commercial space. He added that the city was “exceptionally...South China Morning Post
BUSINESSJul 3China’s Momenta IPO oversubscribed 414 times as Hong Kong listings pack calendarChinese autonomous-driving start-up Momenta drew massive subscription numbers for its HK$5.89 billion (US$751 million) initial public offering in Hong Kong, even as it competed against five other issuers launching their IPOs at the same time. The Suzhou-based company’s bookbuilding closed on Friday. Preliminary figures showed that it attracted nearly 210,000 subscription applications, with the public offering subscribed 414 times, according to people familiar with the matter. Sponsored by China...South China Morning Post
BUSINESSJul 3Japanese concrete firm serves up grey curry to put a fun spin on the industryA concrete company in north-eastern Japan has attracted consumer attention with a quirky way to promote the industry – grey curry made to resemble ready-mixed concrete, according to local media reports.thestar_my · malaysia
BUSINESSJul 3US, European business groups hail Philippines’ new World Bank statusForeign business groups welcomed the Philippines’ leap to upper-middle-income status as a positive signal of the country’s growing position as a competitive investment destination. In a statement, the American Chamber of Commerce of the Philippines (AmCham) said the World Bank’s reclassification of the Philippines is an important milestone in the country’s pursuit of economic progress. “This achievement sends a positive signal to global investors at a time when companies are reassessing supply chains, expanding regional operations, and looking for new growth markets across the Indo-Pacific,” AmCham said. The Philippines moved up from lower-middle-income to upper-middle-income-country (UMIC) status after its gross national income (GNI) per capita reached a record $4,850, according to the World Bank. AmCham said the Philippines’ new status will further strengthen its appeal to American companies looking to invest in Southeast Asia. The group noted that the country is already attractive due to its young and skilled workforce, strong English proficiency, and longstanding economic ties with the US. “These advantages, combined with a growing consumer market, position the Philippines to attract more investments in advanced manufacturing, digital services, infrastructure, healthcare, and other high-value sectors,” it said. To ensure that this momentum carries into the coming years, AmCham said the country must focus on instituting reforms aimed at sustaining growth and enhancing competitiveness. Among the top priorities, according to the group, is advancing policies that encourage innovation and investment to position the Philippines to attract more high-value investments and create better jobs. This also includes accelerating infrastructure development, improving digital connectivity, ensuring affordable and reliable energy, streamlining government processes, and strengthening public-private partnerships, AmCham said. “Continued public-private sector collaboration will be essential to ensuring that this milestone translates into broader economic opportunities and long-term prosperity,” the group added. The European Chamber of Commerce of the Philippines (ECCP) said in a separate statement that the country’s UMIC status comes at a pivotal time for economic relations between the European Union (EU) and the Philippines, especially as both sides look to complete negotiations for a free trade agreement (FTA). “As the Philippines advances in its development path, the timely conclusion of an ambitious, balanced, and commercially meaningful EU-Philippines FTA becomes even more important,” said ECCP President Diana Edralin. She said the trade pact will build on the Philippines' economic gains by unlocking new opportunities in trade and investment and establishing a more permanent and reciprocal framework for market access to the EU. (Dexter Barro II)mb · philippines
BUSINESSJul 3China’s BYD surpasses Tesla to regain lead in global EV raceChina’s electric vehicle (EV) king BYD has leapfrogged once more over Tesla to become the world’s largest battery-powered car manufacturer, spurred by its surging overseas shipments, despite posting an 8.2 per cent year-on-year drop in deliveries. As BYD gained the upper hand in the race against the US carmaker, it is the latest signal that China’s prowess in EVs is increasingly recognised by consumers around the globe amid an energy crisis. Tesla said in a statement on Thursday that it had...South China Morning Post
BUSINESSJul 3China-EU trade, Xi touts ‘global influence’, Nato summitChina told the European Union that it is willing to increase purchases of EU goods to help pare a massive trade gap, potentially easing the risk of a trade war. Commerce Minister Wang Wentao suggested that China is open to purchase agreements covering European goods in trade talks this week with EU trade chief Maros Sefcovic, the South China Morning Post reported, citing unidentified people briefed on the discussions. Lower tariffs on EU imports were also discussed (see trade talks joint...South China Morning Post
BUSINESSJul 3Employee training hours in Hong Kong hit 14-year high amid AI push: surveyAverage training hours per employee in Hong Kong hit a 14-year high as local companies pushed for technology adoption and workforce upskilling, a new survey released on Friday showed. According to the 2025-26 survey on workforce development needs conducted by the Hong Kong Institute of Human Resource Management, the average annual training hours per employee reached 19.4 hours in 2025. This represented a 6.8 per cent increase from 18.1 hours in 2024, marking the second consecutive year of growth...South China Morning Post
BUSINESSJul 3Japan's LNG Imports Fall 7% as Utilities Chase Cheaper CoalJapan's imports of Liquefied Natural Gas (LNG) have decreased by 7% as utilities are increasingly opting for cheaper coal. This indicates a significant change in Japan's energy procurement strategy.Yahoo Finance
BUSINESSJul 3Unitree IPO to test valuations as venture capital floods China roboticsUnitree Robotics has secured approval from China’s securities regulator for a Shanghai initial public offering that is poised to set a valuation benchmark for China’s sizzling embodied AI sector. The nod from the China Securities Regulatory Commission came about a month after the Hangzhou-based company cleared a review by the Shanghai Stock Exchange’s listing committee. Unitree is now finalising its underwriting plan, pricing and share subscriptions for a potential debut as early as late...South China Morning Post
BUSINESSJul 3Japan services PMI revised higher to 52.2 in June; composite growth hits multi-month highJapan's services Purchasing Managers' Index (PMI) for June was revised upwards to 52.2, with composite growth reaching a multi-month high. This indicates positive economic performance in the services sector.Seeking Alpha Tech
BUSINESSJul 3China’s services sector remains resilient in June, beating market forecastsChina's services sector demonstrated resilience in June, surpassing market forecasts. This indicates stronger-than-expected economic performance in a key sector.Seeking Alpha Tech
BUSINESSJul 3DBS China unit to raise US$295mil from bond sale, term sheet showsSINGAPORE: DBS Bank (China) Ltd, the mainland China unit of Singapore's DBS Group, plans to issue 2 billion yuan ($295 million) of onshore Tier 2 capital bonds, according to a term sheet on Tuesday.thestar_my · malaysia
BUSINESSJul 3Kuaishou files US$3 billion Kling AI funding round to Hong Kong stock exchangeChinese short video giant Kuaishou said on Thursday evening that its artificial intelligence video arm, Kling AI, was seeking to raise around US$3 billion in its first external fundraising round, according to a filing to Hong Kong Exchanges and Clearing. The funding round, first reported by the South China Morning Post on Wednesday, was backed by a long list of investors, spanning Chinese technology heavyweights, state-backed investment vehicles and entertainment industry participants. Baidu,...South China Morning Post
BUSINESSJul 3Exclusive-Japan shifts to ambush intervention tactics against yen short sellers, sources sayYahoo Finance
BUSINESSJul 2BYD Battery Breakthrough Upends Indonesia’s Nickel Cartel“For nearly a decade, the industry’s working assumption was simple: killing range anxiety in long-range EVs required high-nickel ternary batteries. That market assumption, however, just collapsed in China… Every Datang runs on what BYD calls its second-generation Blade Battery, which analysts believe — based on patent filings and its 3.8-volt platform — uses Lithium Manganese […] The post BYD Battery Breakthrough Upends Indonesia’s Nickel Cartel appeared first on Human Progress.Human Progress
BUSINESSJul 2China signals openness to reducing gaping EU trade surplus as Brussels toughens stanceChina told the European Union that it is open to exploring ways to cut its massive trade surplus with the bloc during talks in Brussels this week, according to multiple people briefed on the discussion. Chinese Commerce Minister Wang Wentao signalled to EU trade chief Maros Sefcovic that China was willing to consider purchase agreements covering European goods. The discussions touched on lowering tariffs on EU-made goods, in a rare sign that China recognises that its billion-euro a day trade...South China Morning Post
BUSINESSJul 2From Hong Kong to Central Asia: law as a bridge of trust | The Weekly Reformer | Roden TongCentral Asia may seem far from Hong Kong. Yet, during my recent visit to Astana in Kazakhstan and Tashkent in Uzbekistan, as a member of the business delegation led by our Chief Executive, the Honourable John Lee Ka-chiu, I witnessed a region transforming with remarkable determination and ambition.thestandard_hk · hong kong
BUSINESSJul 2SEC looks into alleged insider trades on China's brokerage crackdown - reportThe SEC is reportedly investigating alleged insider trading activities linked to China's recent crackdown on brokerage firms. This matters as it concerns potential financial misconduct and regulatory oversight in major markets.Seeking Alpha Tech
BUSINESSJul 2When and how will China ease capital controls?The China Securities Regulatory Commission recently fined three Hong Kong brokerages – Tiger Brokers, Futu Securities International and Longbridge Securities – over US$330 million for offering mainland investors access to overseas stocks without authorisation. This should not be misconstrued as a move to discourage overseas investment. It is merely an attempt to discourage mainland investors from illegal channels that violate China’s capital controls. This is evidenced by the fact that the...South China Morning Post
BUSINESSJul 2AstraZeneca inks kidney therapy deal worth up to $1.77B with China’s CSPCAstraZeneca has signed a kidney therapy deal valued at up to $1.77 billion with China's CSPC. This agreement represents a major collaboration in the pharmaceutical sector.Seeking Alpha Tech
BUSINESSJul 2China aims to ‘infiltrate’ US-Mexico-Canada trade deal, says American manufacturing groupChina is trying to “infiltrate” the US-Mexico-Canada trade agreement via Mexican automotive investments, a US manufacturing trade group said, as Washington indicated it would not renew the agreement that comes up for review this month. However, analysts cautioned that full decoupling from China’s automotive industry remains difficult, given North America’s continued dependence on Chinese-sourced motor vehicle components and Mexico’s legacy of export manufacturing plus quick access to the US...South China Morning Post
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