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BUSINESSSep 11BOJ set to raise rates at Sep 17 - 18 meeting , but offer few clues on how high they could goThe Bank of Japan is anticipated to raise interest rates at its upcoming September 17-18 meeting, although details on the extent of the hike remain unclear. This move will have important implications for financial markets and the Japanese economy.businesstimes.com.sg · Singapore
BUSINESSSep 11Micron to grant $32,000 cash bonus and equity to Taiwan engineersSeeking Alpha Tech
BUSINESSSep 11Kazakh firms eyeing Hong Kong, mainland China markets urged to take long-term viewKazakhstan’s businesses should prioritise long-term fundraising ambitions rather than quick wins in the Hong Kong and mainland Chinese markets, the managing director of the Central Asian country’s sovereign wealth fund has said. Saltanat Satzhan, managing director for development and privatisation at sovereign wealth fund Samruk-Kazyna, said she also aimed to list state-owned rail operator Kazakhstan Temir Zholy (KTZ) in Hong Kong by the end of the year. KTZ, wholly owned by the government...South China Morning Post
BUSINESSSep 11Yuen Kee Food enters final stage of Hong Kong IPO after HKEX approval, sources sayYuen Kee Food Group, the owner of well-known restaurant brand Yuen Kee Dumpling, has cleared its listing hearing with the Hong Kong Exchanges and Clearing (HKEX), aiming to raise between HK$300 million (US$38.3 million) and HK$400 million, according to people familiar with the matter. The conclusion of the hearing marked its initial public offering (IPO) plan entering its final stage, and the company planned to kick off the offering in October, the sources said, who asked not to be named because...South China Morning Post
BUSINESSSep 11Can John Lee untie the 4 knots choking the tech loop in Northern Metropolis?In the second of our series of previews on the five-year plan and policy address, to be announced on September 16, Elizabeth Cheung and Vivian Au drill down on what’s holding back the Northern Metropolis. Read part one here. For employees of surgical robotics company Yuanhua Tech, travelling between their Shenzhen base in Nanshan district and its Hong Kong office in the Science Park means a two-hour commute. And when the hi-tech firm sends money to Hong Kong for operations, the process can take...South China Morning Post
BUSINESSSep 11Jane Street becomes leading block trader in Asia after Segantii demiseProprietary trading fund expands into areas once dominated by hedge fundsFinancial Times
BUSINESSSep 11The Long - Lasting Japanese SUV That Rarely Gets ExpensiveThis article discusses a Japanese SUV known for its durability and affordability, highlighting aspects of the automotive market.topspeed.com · United States
BUSINESSSep 11Macau ranks sixth globally in services trade development | MACAU DAILY TIMES 澳門每日時報Macau has been ranked sixth globally in services trade development. This highlights Macau's significant performance in the international services trade sector.macaudailytimes.com.mo · Macau
BUSINESSSep 11Chinese Nvidia rival Enflame soars 206% on stock market debut as AI demand stays hotChinese AI chipmaker Enflame, an Nvidia rival and one of China's "four little dragons," made its Shanghai market debut.CNBC
BUSINESSSep 11Enflame shares soar 188% on Shanghai debut as Nvidia challenger taps investor fever for AIEnflame Technology, one of the major challengers to Nvidia in China, saw its share price surge 188 per cent in its Shanghai trading debut on Friday, giving the Tencent Holdings-backed artificial intelligence chipmaker a market capitalisation of 176.4 billion yuan (US$26.3 million). The Shanghai-based company opened at 410 yuan, up from its issue price of 142.18 yuan. The performance reflects continued investor appetite for domestic AI chip champions, with Enflame being the last of China’s “four...South China Morning Post
BUSINESSSep 11Foreign carmakers offer steep discounts on petrol-powered cars in cutthroat Chinese marketForeign carmakers have been slashing the prices of petrol-powered cars they make in China by more than 20 per cent to survive in a cutthroat market amid weakening consumer demand. Last month, big international marques including Volkswagen and Toyota offered average discounts of 23.4 per cent on cars powered by internal combustion engines, according to data from the China Passenger Car Association (CPCA). That compared with an average discount of 23.7 per cent in July. “Because their new cars...South China Morning Post
BUSINESSSep 11Can a US$6 trillion South Korea-Japan economic bloc succeed?A fraying global economic order could push South Korea and Japan towards deeper trade integration, with business leaders and analysts saying the two neighbours stand to benefit from such a partnership despite lingering historical wounds. The two countries could draw closer as the era of relatively open global trade gives way to tit-for-tat tariffs and supply-chain disruptions due to conflicts in the Middle East and Ukraine. SK Group chairman and Korea Chamber of Commerce and Industry chairman...South China Morning Post
BUSINESSSep 10TSMC Posts Record Revenue as AI Demand Outruns 20 - Fab BuildoutTSMC has reported record revenue, driven by strong demand for Artificial Intelligence which is outpacing factory expansion. This indicates significant growth in the semiconductor industry tied to AI.hngn.com · United States
BUSINESSSep 10Hong Kong home prices headed for 15% gain this year, Midland forecast saysHong Kong’s home prices will end the year 15 per cent higher than a year earlier, but still 16 per cent below their high-water mark in 2021, according to local property agency Midland Realty. Underpinning the positive forecast, the city’s banks were not likely to follow an increase in US interest rates by the Federal Reserve if one occurred this year, executives from the agency said at a press conference on Thursday. Dave Ma Tai-yeung, CEO of Midland (Residential), said that as the market...South China Morning Post
BUSINESSSep 10Grab in talks to acquire majority stake in Atome Financial - BloombergGrab is reportedly in discussions to acquire a majority stake in Atome Financial, according to Bloomberg. This potential acquisition would be a notable development in the financial technology sector.Seeking Alpha Tech
BUSINESSSep 10China Nearly Enters the World Bank’s High-Income Group“In July every year, the World Bank sorts countries into income groups based on their per capita gross national income (GNI) in the previous year. In this year’s update, China was very close to entering the high-income group: its GNI per person was $14,230; just short of the World Bank’s high-income threshold of $14,375. The […] The post China Nearly Reaches High-Income Status appeared first on Human Progress.Human Progress
BUSINESSSep 10Silicon Labs ticks lower on report Texas Instruments deal will go into phase 2 in ChinaSilicon Labs' stock saw a decline following a report that its deal with Texas Instruments will proceed to phase 2 in China. This indicates regulatory scrutiny for the acquisition in a key market.Seeking Alpha Tech
BUSINESSSep 10Huawei racketeering trial turns to alleged trade secret theft from Japan’s FujitsuKey witnesses are expected to testify in Chinese tech giant Huawei Technologies’ landmark criminal case on Thursday in Brooklyn, New York, as it enters its second day of testimony. It comes after a US government lawyer told federal jurors on the opening day that Huawei engaged in criminal activities to achieve “growth at any cost”, while a lawyer for the company said that Huawei employees deemed to have broken company policies were punished for their actions. Brian Heberlig, of US law firm...South China Morning Post
BUSINESSSep 10Record China-US gap in bond yields unlikely to trigger capital flight: Marsh InvestmentThe widening yield spread between Chinese and American government bonds is unlikely to trigger catastrophic capital flight from China, according to investment executives at Marsh Investment, who attribute the record spread to the United States’ fiscal pressures and global macro trends rather than a structural retreat for Chinese assets. The spread between benchmark 10-year US Treasury bonds and equivalent Chinese sovereign bonds hit a record 3.17 percentage points this week. Yields on US...South China Morning Post
BUSINESSSep 10SHKP posts 4.6% profit rise amid Hong Kong’s property recoverySun Hung Kai Properties (SHKP), Hong Kong’s biggest developer by market capitalisation, reported its underlying profit for the year ending June rose 4.6 per cent to HK$22.85 billion (US$2.91 billion), excluding investment property revaluations. Meanwhile, its reported profit increased to HK$21.43 billion, backed by a HK$1.38 billion net revaluation gain versus a HK$742 million loss last year, according to its filing with the Hong Kong stock exchange on Thursday. “For the year under review, Hong...South China Morning Post
BUSINESSSep 10MTR Corp warns of prosecution as tour guide identified in fare evasion probeHong Kong police have identified a tour guide suspected of helping members of a travel group evade fares at an MTR station last month, the city’s rail operator has said, warning that anyone found in breach of the rules could face prosecution. The MTR Corporation said on Thursday that police had identified the guide involved in the incident at Tsim Sha Tsui station, and that it was working closely with the force and the Travel Industry Authority to gather evidence and information for further...South China Morning Post
BUSINESSSep 10South Korea to boost artificial intelligence ties with AfricaIn Seoul, South Korea, 45 African states have been meeting under the Ministerial conference of the Korea Africa Economic Cooperation. This year's topic is Artificial intelligence, and how those new technologies could be implemented on the African continent. FRANCE 24’s Seoul correspondent, Chloe Borgnon reports.France 24 [en]
BUSINESSSep 10CHINA - FUJIAN - XIAMEN - INTL FAIR FOR INVESTMENT & TRADE - TECHNOLOGICAL ACHIEVEMENTS ( CN ) An international fair for investment, trade, and technological achievements is taking place in Xiamen, Fujian, China. This event focuses on economic and technological exchange.newzealandstar.com · New Zealand
BUSINESSSep 10CHINA - FUJIAN - XIAMEN - INTL FAIR FOR INVESTMENT & TRADE - TECHNOLOGICAL ACHIEVEMENTS ( CN ) An international fair for investment and trade, focusing on technological achievements, is taking place in Xiamen, Fujian, China. This event promotes economic and technological exchange in the region.asiabulletin.com · China
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