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BUSINESS1d agoApple's Tim Cook meets Chinese vice premier in Beijing: reportApple's CEO, Tim Cook, reportedly met with the Chinese vice premier in Beijing. This meeting signifies high-level discussions between a major international corporation and the Chinese government.Seeking Alpha Tech
BUSINESS1d agoWhat the US and China Should Discuss at APECBoth sides are feeding an AI investment bubble – and Shenzhen is the place to talk about it.The Diplomat
BUSINESS1d agoSelfies, queues and confusion, but Huanggang Port’s wow factor shines throughThe much-anticipated opening of the revamped Huanggang Port border crossing between Hong Kong and Shenzhen on Monday was marked by excitement, eagerness and confusion. At around 8am, 1½ hours after the control point opened, many private vehicles were neatly lining up for immigration clearance. The use of new technology, a new location and a new facility meant that extra time and patience were needed. Visitors, mostly tourists and retirees travelling on foot, had a wow moment inside the modern...South China Morning Post
BUSINESS1d agoCopper climbs on China stimulus hopes, Chile mine supply risksCopper prices are rising due to anticipated stimulus measures from China and potential supply risks from mines in Chile. This indicates market sensitivity to global economic factors and supply chain stability.Seeking Alpha Tech
BUSINESS1d agoThe China-EU Trade Truce Buys TimeFor the EU, the choice is increasingly difficult: secure real concessions from Beijing to address structural trade imbalances or deploy stronger unilateral measures to protect its industrial base.thediplomat · japan
BUSINESS1d agoThe China-EU Trade Truce Buys TimeFor the EU, the choice is increasingly difficult: secure real concessions from Beijing to address structural trade imbalances or deploy stronger unilateral measures to protect its industrial base.The Diplomat
BUSINESS1d agoChina, EU take a breath after surprise deal brings temporary halt to trade tussleWeeks of high-wire negotiations between China and the EU culminated in a surprise trade deal that will, among other measures, impose strict quotas on Chinese hybrid car exports to the bloc and slash Chinese tariffs on a variety of European goods. The deal, unveiled on Friday, takes some of the heat out of searing bilateral trade tensions and temporarily averts the prospect of a bruising trade war – a cooldown augmented by Beijing’s subsequent reduction of value-added tax (VAT) export rebates on...South China Morning Post
BUSINESS1d agoDeleum plans RM13 mil disposal of technology solutions unit to Ocean VantageOil and gas services provider Deleum Bhd has entered into a heads of agreement to sell its 86.67% stake in Deleum Technology Solutions Sdn Bhd (DTS) to Ace Market-listed Ocean Vantage Holdings Bhd for RM13mil.thestar_my · malaysia
BUSINESS1d agoEni sells Indonesia upstream assets to Medco, PertaminaEni has sold its upstream assets in Indonesia to Medco and Pertamina. This transaction involves a significant divestment of energy assets in the region.Seeking Alpha Tech
BUSINESS1d agoHong Kong to expand indices, derivatives and yuan-denominated products: HKEX CEOHong Kong Exchanges and Clearing (HKEX) is planning further measures to boost market liquidity, attract more international investors and expand the use of China’s currency, including through yuan-denominated gold futures and stock trading, according to a blog post by its CEO on Monday. The plans come as the city steps up efforts to reinforce its position as a leading international financial centre, following priorities outlined in the government’s policy address and the city’s five-year...South China Morning Post
BUSINESS1d agoTTM Technologies plans additional $400M investment to expand AI capacity in AsiaTTM Technologies plans to invest an additional $400 million to expand its AI capacity in Asia.Seeking Alpha Tech
BUSINESS1d agoHow China and the EU pressed pause on trade war – and what it took to get thereWeeks of high-wire negotiations between China and the EU culminated in a surprise trade deal that will, among other measures, impose strict quotas on Chinese hybrid car exports to the bloc and slash Chinese tariffs on a variety of European goods. The deal, unveiled on Friday, takes some of the heat out of searing bilateral trade tensions and temporarily averts the prospect of a bruising trade war. Beijing agreed not to retaliate against Brussels’ move to curb imports of Chinese hybrid cars,...South China Morning Post
BUSINESS1d agoThe U.S. and China created a new 'Trade Board' built on buzz wordsThe governing document for the coalition to haggle over tariffs spans just two pages and lists no authors.latimes · united states of america
BUSINESS1d agoFew Hong Kong investors take interest in listing by Africa’s top phone maker TranssionShenzhen Transsion Holdings drew a lukewarm response for its HK$3.36 billion (US$428 million) Hong Kong share offering, heightening worries over market sentiment for new listings in the fourth quarter. The maker of Africa’s bestselling phones closed its bookbuilding on Monday, with preliminary figures showing the offering attracted about 14,000 applications and was oversubscribed roughly 3.5 times, according to people familiar with the matter. Retail participation in Hong Kong initial public...South China Morning Post
BUSINESS1d agoMapping US chip supply chain: China accounts for far more than it appears, report saysChina accounts for about 5 per cent of the equipment and materials directly supplied to the US chip industry when measured by country of manufacture, but its grip on certain rare earths needed for chipmaking is over 90 per cent, according to the Semiconductor Industry Association (SIA). While 95 per cent of the nearly US$27 billion annual spending by American chipmakers on manufacturing equipment and materials was sourced from companies headquartered in the US, Europe, and Japan, that figure...South China Morning Post
BUSINESS1d agoVolkswagen sees sharpest delivery decline in four years; China volumes tumble almost 39%Volkswagen has experienced its sharpest decline in deliveries in four years, with volumes in China falling significantly. This indicates a notable downturn in performance for the major automotive company.Seeking Alpha Tech
BUSINESS1d agoChina-EU car deal eases trade tensions for now at leastChina agreed to cut millions of hybrid car exports to the European Union over the next four years, easing simmering trade tensions ahead of a key meeting of European leaders later this week. The deal will slow exports to half or less the pace currently predicted by the EU, the bloc’s trade chief, Maros Sefcovic, told a press conference in Beijing on Friday after two days of negotiations. Next year alone, it will pare shipments by up to 700,000 vehicles and trim as much as €14 billion (US$16...South China Morning Post
BUSINESS1d agoBank of Korea chief apologizes over ETF risk warnings, signals possible rate hikesBank of Korea Gov. Shin Hyun-song apologized for inadequate warnings on single-stock leveraged ETF risks and said further interest rate hikes remain possible as inflation persists.koreajoongangdaily_joins · south korea
BUSINESS1d agoSuspended Thai Airways CEO sells 45,000 shares on October 9Chai Eamsiri retains 500 Thai Airways shares after a 252,000-baht sale, a week after his suspension following the airline’s baggage crisis.nationthailand · thailand
BUSINESS1d agoBrake-pedal failures in luxury EV put Chinese cars’ quality in regulatory spotlightA safety failure spotted in tests of a Chinese electric vehicle (EV) made by a Huawei Technologies-backed luxury brand has raised doubts about the cars many consumers view as a source of national pride, while prompting regulators to step up policing of quality and reliability. The Ministry of Industry and Information Technology (MIIT), along with three other ministry-level authorities, published draft rules on Saturday that would govern testing of new car models. The move came after a video...South China Morning Post
BUSINESS1d agoVolkswagen third quarter deliveries fall on plummeting China demandVolkswagen experienced a decline in third-quarter deliveries due to a significant drop in demand from China. This highlights challenges faced by the automotive giant in a key international market.investing_us · united states of america
BUSINESS1d agoGoldman Sachs president urges market reforms to boost Shanghai’s financial hub roleGoldman Sachs president John Waldron has called on China to loosen foreign exchange rules, ease cross-border data restrictions and improve regulatory transparency as the country’s policymakers seek to strengthen Shanghai’s role as an international financial centre. Waldron, also the investment bank’s chief operating officer and widely seen as a front runner to succeed its current CEO David Solomon, expressed confidence in the city’s potential at an annual meeting of business leaders advising the...South China Morning Post
BUSINESS1d agoAsian markets mixed following Wall Street gains; heavy earnings week aheadAsian markets are experiencing mixed results following Wall Street gains, with a busy earnings week anticipated. This indicates current market sentiment and future economic activity in the region.Seeking Alpha Tech
BUSINESS1d agoYeoju, GS Retail Launch Sweet Potato Salads at GS25 StoresYeoju and GS Retail will sell sweet potato salads under the "Daewangnimpyo Yeoju" brand at GS25 stores nationwide, starting on the 13th.sedaily · south korea
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