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BUSINESS18m agoWhy did Hong Kong’s 11 Skies fail and can the megaproject be rescued?The roar of plane engines and the hustle and bustle at Hong Kong International Airport’s Terminal 2 present a stark contrast to the pin-drop silence at the adjacent 11 Skies commercial complex. A South China Morning Post reporter who travelled between the two places in early October found minimal footfall at the shopping centre, with the bright and airy environment of the airport terminal replaced by dim, stuffy and boarded-up corridors, and poor air conditioning amid the simmering outdoor...South China Morning Post
BUSINESS19m agoSingapore third-quarter GDP growth softens from four-year high but beats estimatesThe GDP print beat expectations of a 5% growth from economists polled by Reuters.CNBC
BUSINESS3h agoChina is bringing car production to EUChina has moved from exporting cars to bringing entire auto industry ecosystems, building up production capacity in Europe and boosting partnerships with local companies. Arthur D. Little's automotive expert Philipp Seidel tells France 24 that while tariffs and quotas can buy time, EU carmakers must improve their own competitiveness and not become too dependent on Chinese suppliers. But first, we look at the latest IMF global growth forecast and warning about rising debt.France 24 [en]
BUSINESS12h agoFrom Data Localization to Digital Openness: Uzbekistan’s Regulatory ShiftUzbekistan courts tech companies to boost its economy by easing its once infamous data localization law.The Diplomat
BUSINESS12h agoFormer Ajinomoto Frozen Foods employee arrested on suspicion of breach of trust; potential damage from fictitious transactions; Gunma Prefectural PoliceAsahi Shimbun
BUSINESS13h agoAverage loss for elderly Hongkongers to investment scams jumps 33% to HK$1.08mThe average loss suffered by elderly victims of investment scams in Hong Kong rose by a third year on year to HK$1.08 million (US$137,600) in 2026, the city’s police chief has said, calling for greater community vigilance against syndicates preying on retirees. Commissioner of Police Joe Chow Yat-ming on Tuesday also warned of a recent surge in scams involving fraudsters posing as customer service officers, with such cases nearly doubling from last year. Speaking at the launch of “Anti-fraud...South China Morning Post
BUSINESS14h agoWhy Samsung, SK Hynix and CXMT shares are under pressure despite strong AI demandA sharp sell-off in Asian memory chip stocks this week signals growing investor doubts over whether the sector’s AI-driven profit boom can last, even as soaring prices drive strong quarterly earnings across the sector. Shares in market leaders Samsung Electronics and SK Hynix plunged in Seoul on Tuesday, extending a days-long slide that has also swept up Chinese rival ChangXin Memory Technologies (CXMT). Samsung and SK Hynix closed down 7.4 per cent and 10.1 per cent, respectively. The companies...South China Morning Post
BUSINESS14h agoMan of Chinese nationality, believed to be a high-ranking official, re-arrested on suspicion of exchanging fake 10,000 yen silver coinsA Chinese national, suspected to be a high-ranking official, has been re-arrested on suspicion of exchanging fake 10,000 yen silver coins. This suggests an international counterfeiting operation potentially involving influential figures.Asahi Shimbun
BUSINESS15h agoApproximately 40 million yen in subsidies for single-parent support embezzled; Osaka social welfare corporation employee dismissedAn employee of an Osaka social welfare corporation has been dismissed for embezzling approximately 40 million yen in subsidies intended for single-parent support. This incident reveals a significant misappropriation of public funds.Asahi Shimbun
BUSINESS15h agoRoche signs $1.16B obesity drug deal with China’s Rona TherapeuticsRoche has signed a $1.16 billion deal with Rona Therapeutics from China for an obesity drug. This represents a significant collaboration in the pharmaceutical industry.Seeking Alpha Tech
BUSINESS16h agoGermany's China calculation shifts as import pressures eclipse export benefitsGermany has long resisted tougher action against China, fearing retaliation. But rising pressure on key industries has pushed Berlin to seek stronger EU trade-defense powers to protect its industrial base.DW News [en]
BUSINESS16h agoLVMH sales miss growth forecasts as China luxury demand slowsLVMH, the world's leading luxury group, said its sales edged higher in the third quarter despite a slowdown in demand in China hitting its fashion and leather goods segment.EuroNews [en]
BUSINESS16h agoCathie Wood warns of ‘vicious’ memory chip cycles as China adds capacityA prominent investor warns of intense market cycles in the memory chip industry, citing China's increasing production capacity as a contributing factor. This highlights potential volatility and competition in the global tech market.Seeking Alpha Tech
BUSINESS17h agoVisa wins approval to establish domestic business in ChinaVisa has received approval to establish a domestic business presence in China. This marks a significant development for the company's operations in that market.Seeking Alpha Tech
BUSINESS18h agoLufthansa Group boosts Japan network with up to 50 flights per week from summer 2027Due to a ‘strong increase in demand’, the group’s airlines will offer up to 50 weekly flights to four Japanese airports next summer.EuroNews [en]
BUSINESS18h agoVisa gets Beijing's green light for bank card business after 40 years of working with ChinaThe incremental approval comes as the U.S. and Chinese presidents are due to meet for a third time this year next month.CNBC
BUSINESS18h agoTencent prepares $4.5B+ dollar and yuan bond offering for AI capexTencent is reportedly preparing a multi-billion dollar bond offering in both dollar and yuan currencies, intended to fund capital expenditures related to artificial intelligence. This signifies a major investment by the company in AI technology.Seeking Alpha Tech
BUSINESS18h agoWhy Haidilao’s US$14.9 million credit line to founder is fuelling China tax speculationHaidilao International Holding has agreed to provide its founder, Zhang Yong, with a one-month loan of up to the Hong Kong dollar equivalent of 100 million yuan (US$14.9 million), a move that has raised market speculation as investors closely watch Beijing’s October 22 deadline for offshore trust taxation. The Hong Kong-listed hotpot chain said in a stock exchange filing on Monday night that it would fund the loan from internal resources and charge interest at 0.6 percentage points above the...South China Morning Post
BUSINESS19h agoFood makers turn to plant-based alternatives as seafood prices riseOne company in Hyogo Prefecture began offering a plant-based product to substitute Akashi brand octopus after prices for it skyrocketed.japantimes · japan
BUSINESS19h agoBitcoin, XRP, ETH decouple from tumbling Korean stocksBitcoin climbed back above $83,000 after an early dip, decoupling from a sharp slide in Korean chip stocks and weakness in Nasdaq futures ahead of Thursday’s US CPI report.headtopics · united states of america
BUSINESS20h agoSoftBank, SK Hynix lead Asian tech sell-off amid AI investment concernsSoftBank and SK Hynix are leading a tech sell-off in Asia, driven by concerns over artificial intelligence investments. This indicates significant market movement and investor sentiment in the Asian tech sector.Seeking Alpha Tech
BUSINESS20h agoJapan's producer price inflation slows to 6.8% in September, below market expectationsJapan's producer price inflation slowed to 6.8% in September, which was lower than market expectations. This economic data provides insight into inflationary trends in Japan.Seeking Alpha Tech
BUSINESS20h agoCelcomDigi launches refreshed roaming passes from RM10Travellers can now pre-book cheaper overseas data as the operator rolls out refreshed roaming passes from RM10 across up to 95 destinations.itbrief_asia · singapore
BUSINESS21h agoAsia warned over zombie companiesShare of groups unable to service debt in region has doubled since 2008, IMF saysFinancial Times
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