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BUSINESSJun 28China’s big trucks go electric and abroad as subsidies help pave road to net-zero freightDomestic makers of heavy-duty trucks are emerging as the latest beneficiaries of accelerating electrification on China’s roads, as technological gains and lower ownership costs are bolstering overseas sales amid a global energy crisis. Southeast Asia and Africa, where Chinese makers have already established overseas assembly hubs, were expected to serve as new growth engines for companies ranging from FAW Jiefang to Foton Commercial Vehicles, according to analysts at S&P Global Ratings. The two...South China Morning Post
BUSINESSJun 28Why Japan and Asia Are Rising on Global Radars With WisdomTreeThis article discusses the increasing global attention on Japan and other Asian markets, particularly in the context of investment firm WisdomTree. It focuses on economic trends and market developments in the region.finance.yahoo.com · United States
BUSINESSJun 28Financial products or illicit gambling? Can Hong Kong regulate prediction markets?The legality of prediction markets in Hong Kong has been called further into question, with at least one international brokerage firm operating such a platform in the city, prompting the market regulator to say certain activities may be considered “financial products”. Lawyers were also split on whether the delineation between financial products and illegal gambling was clear under the city’s existing laws given the nature of prediction markets, with one saying the latest case highlights a “grey...South China Morning Post
BUSINESSJun 28Will Japan’s tourist visa fees, interest rate policy impact its booming property market?With Japan imposing higher visa fees for tourists from July while moving away from an ultra-loose monetary policy, foreign investors must prepare themselves for both direct and indirect impacts on their real estate assets, according to agents and analysts. There is a dearth of data on the total number of homes bought by non-residents in Japan, but agents said the two main reasons for purchasing were to either use them as a primary base while they explored the country’s tourist destinations, or...South China Morning Post
BUSINESSJun 27Global rice prices could surge higher as flood risks loom over ChinaGlobal rice prices may increase significantly due to impending flood risks over China. This situation highlights a potential impact on international food markets stemming from environmental factors.cnbcafrica.com · South Africa
BUSINESSJun 27South Korea Weathers Middle East Energy ShockSouth Korea is managing the economic challenges posed by an energy crisis originating from the Middle East. This indicates its efforts to mitigate significant disruptions to its energy supply and economy.pakistantoday.com.pk · Pakistan
BUSINESSJun 27China industrial profits stay resilient as economy leans on factories , exportsChina's industrial profits have shown resilience, indicating that the nation's economy is relying heavily on its manufacturing and export sectors for growth.finance.yahoo.com · United States
BUSINESSJun 27Interview : Africa - China cooperation drives Africa infrastructure , economic transformation , says industry insiderAn interview highlights how Africa-China cooperation is reportedly driving infrastructure and economic transformation in Africa. This points to the impact of international partnerships on continental development.bignewsnetwork.com · United States
BUSINESSJun 27Interview : Africa - China cooperation drives Africa infrastructure , economic transformation , says industry insiderAn industry insider states that Africa-China cooperation is fueling infrastructure development and economic transformation across Africa. This highlights a significant international economic partnership.shanghainews.net · China
BUSINESSJun 27Prediction markets: Hong Kong ban alone will not solve risks, legal experts sayPrediction markets occupy a grey area under Hong Kong’s gambling laws, with experts warning that the increasingly popular betting platforms could pose risks related to market manipulation and consumer protection. Lawyers and a legislator said that while a ban could restrict access to these largely unregulated betting platforms, authorities would face challenges in gathering evidence and prosecuting cases. “If there were such a ban, we foresee there would be practical challenges for the...South China Morning Post
BUSINESSJun 27B . C . Premier Eby leaving Saturday on trade mission to ChinaA provincial leader is embarking on a trade mission to China. This represents an effort to foster international business relations and economic cooperation.vernonmorningstar.com · Canada
BUSINESSJun 27As China’s tech firms adapt to AI era, workers worry they’ll be ‘optimised’ out of a jobWhen a friend checked in on a Meituan employee late last month to see if he had survived the latest round of corporate culling at the food delivery giant, he responded drily: “I don’t know whether it will be me next.” Anxieties were running high at the company then, after chat screenshots circulated on Chinese social media claiming Meituan planned to slash up to half of its product roles by the end of June, coupled with deep cuts to other departments. While Meituan quickly denied the rumours,...South China Morning Post
BUSINESSJun 27Coffee, chillies and cashews: a new recipe to spice up China-Africa trade relationsAs China’s relationship with African countries deepens, the country’s influence is spreading into more areas. In our series Jevans Nyabiage looks at how Beijing’s blanket import clearance for three African food products will affect ties between them, and the potential effects for other governments around the world. Beijing is rewriting its trade playbook by bypassing years of protracted bilateral negotiations to grant continent-wide market access for African coffee, chillies and cashews. The...South China Morning Post
BUSINESSJun 27B . C . Premier Eby leaving Saturday on trade mission to ChinaB.C. Premier Eby is scheduled to depart on Saturday for a trade mission to China. This trip aims to foster economic relations and opportunities between the two regions.hopestandard.com · Canada
BUSINESSJun 27Growth agenda: Hong Kong vows stronger exchange with reforms, bond futures and gold pushHong Kong is pressing ahead with an overhaul of listing rules and the launch of new product initiatives, the city’s deputy finance chief said on Friday as the bourse operator marked 26 years as a publicly traded company. Speaking at the anniversary ceremony of Hong Kong Exchanges and Clearing (HKEX), Deputy Financial Secretary Michael Wong Wai-lun outlined reforms under review, including optimising weighted voting rights, easing secondary listings by overseas issuers, and expanding flexibility...South China Morning Post
BUSINESSJun 26Japan’s SBI Holdings To Acquire Bitbank For $289 MillionJapan’s SBI Holdings is set to acquire Bitbank for $289 million. This represents a significant acquisition within the cryptocurrency sector.Yahoo Finance
BUSINESSJun 26Fortescue iron ore cargoes held up as talks with China stall - BloombergFortescue's iron ore shipments are being delayed due to stalled negotiations with China, impacting trade relations and supply.Seeking Alpha Tech
BUSINESSJun 26Indonesia injects Rp400 trillion into state banks to boost growthIndonesia has injected a substantial amount of Rp400 trillion into its state-owned banks, aiming to stimulate economic growth. This significant financial measure is intended to bolster the national economy.en.antaranews.com · Indonesia
BUSINESSJun 26In Venezuela, China’s oil-for-loan deals run into debt restructuring, US ‘gatekeeper’ riskThe United States represents the primary obstacle to continuing oil-for-loan arrangements between China and Venezuela, analysts say, creating a significant wild card in what ranks among the largest debt restructurings in history. Following Washington’s abduction in January of Venezuela’s then president, Nicolas Maduro, Caracas is set to reveal a US$240 billion debt pile, according to a Financial Times report on Wednesday. The disclosure, expected in the coming weeks, rivals the €200 billion...South China Morning Post
BUSINESSJun 26Hong Kong power firms to give residential customers rebates as bills soarHong Kong’s two major electricity suppliers will provide rebates to eligible households between August and October to reduce their bills and ease financial pressure after the US-Israel war on Iran pushed up energy prices. HK Electric said on Friday that it would provide a special subsidy of 8 HK cents per kilowatt-hour (kWh) for three consecutive months to residential customers with a monthly electricity consumption of 450 kWh or less. A spokesman said the initiative would benefit around half of...South China Morning Post
BUSINESSJun 26China Eastern buys 25 A330neo widebody jets as domestic interest rises in Airbus’ wingsChina Eastern Airlines has ordered 25 A330neo widebody jets from Airbus, marking the planemaker’s first major long-haul order from a Chinese carrier since last year, as the nation continues to favour the European manufacturer. The list price of the 25 aircraft is about US$9.35 billion, but China Eastern said in a statement on Friday that it had obtained a “substantial price discount” from Airbus, making the actual cost significantly less than the catalogue price. The Shanghai-based carrier...South China Morning Post
BUSINESSJun 26China Eastern Airlines to buy 25 Airbus A330 neo jets in $9.4B dealChina Eastern Airlines plans to purchase 25 Airbus A330 neo jets in a multi-billion dollar deal. This represents a major transaction in the airline and aerospace industries.Seeking Alpha Tech
BUSINESSJun 26Equinor to exit Japan offshore wind business, close Tokyo hubEquinor plans to exit the offshore wind business in Japan and close its Tokyo hub. This represents a strategic shift for the company in the renewable energy market.Seeking Alpha Tech
BUSINESSJun 26Trump Iran oil sanction waiver set to squeeze China teapot refinersA US decision regarding an Iran oil sanction waiver is expected to negatively impact China's independent oil refiners. This development signifies an economic and political consequence for the global oil market.asia.nikkei.com · Japan
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