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China's auto sales to fall 10%-20% this year
China's auto sales are expected to fall between 10% and 20% this year, from over 25 million units sold in 2019, an industry body said, signalling improved expectations as the world's biggest auto market starts to recover from the coronavirus pandemic.
18
HK's draft national security law put before NPCSC
The National People's Congress Standing Committee (NPCSC) will review the draft Hong Kong national security legislation during its meeting in Beijing over the next few days, Xinhua News Agency said on Thursday.
18
Top U.S, China diplomats meet in Hawaii amid frayed ties
U.S. Secretary of State Mike Pompeo met China’s top diplomat, Yang Jiechi, in Hawaii on Wednesday amid a deep deterioration of ties between the strategic rivals, their first face-to-face meeting since last year.
18
1-Month HIBOR Down to 0.43%, Sinking for 15 Days Logging 1-month Low
Overnight HIBOR last posted at 0.10155%, according to HKAB. Meanwhile, the 1-Month HIBOR related to mortgage rate last stood at 0.43506%, down for 15 days, marking a 1-month low.
17
Asian firms’ business sentiment dips to 11-year low on coronavirus impact – Thomson Reuters/INSEAD survey
The latest Thomson Reuters/INSEAD survey revealed that the business morale among the Asian firms dipped to the lowest level in eleven years in the second quarter of 2020, as coronavirus pandemic continues to remain the biggest risk.
17
India-China clash: Two sides blame each other for deadly fighting
China and India have accused each other of provoking fighting in which at least 20 Indian soldiers were killed in a disputed Himalayan area.
16
WHO working closely with China over COVID-19 cases
The World Health Organization on Monday expressed concern over the new cluster of COVID-19 cases in Beijing after the Chinese capital experienced 50 days without any significant local transmission.
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Trump team eyes $1 trillion infrastructure plan to spur economy, Bloomberg News says
The Trump administration is preparing a nearly $1 trillion infrastructure proposal as part of its push to spur the world’s largest economy back to life, Bloomberg News said on Monday.
15
New wave of COVID-19 cases from Beijing market spreads to Liaoning
After weeks with almost no new coronavirus infections, Beijing has recorded dozens of new cases in recent days, all linked to a major wholesale food market, raising concerns about a resurgence of the disease.
12
360 Finance Could Start Hong Listing Process as Soon as December
The digital consumer finance platform needs to meet Hong Kong's requirements before seeking a listing on its exchange.
12
India reports largest single-day jump in COVID-19 cases
The death toll due to the novel coronavirus in India rose to 8,102 and the number of cases reached 286,579 after the highest single-day spike of 357 fatalities and 9,996 cases reported in the past 24 hours, according the Ministry of Health on Thursday.
11
Federal Reserve predicts slow recovery with unemployment at 9.3 percent by end of 2020
Federal Reserve leaders predict a slow recovery for the U.S. economy, with unemployment falling to 9.3 percent by the end of this year and to 6.5 percent by the end of 2021, after tens of millions of Americans lost their jobs in the stunning recession caused by the outbreak of the novel coronavirus.
11
JD.com set to price Hong Kong secondary listing at HK$226 a share, a slight discount to Nasdaq close, a source says
JD.com, one of China’s largest e-commerce sites, looks set to price its secondary listing in Hong Kong at HK$226 a share, in one of the largest fundraisings so far this year in the city.
10
GALAXY ENT: Hopeful of Tiding over Coronavirus Crisis with Active Retrenchment
While GALAXY ENT (00027.HK) has been actively tapping new income sources and cutting costs, Deputy Chairman Francis Lui extended his appreciation to the staff on participation, such as forgoing director's fee, senior officers' salary trims and voluntary furlough among workers.
10
Kyle Bass launches a new fund to bet on a Hong Kong currency collapse
Kyle Bass is stepping up his bearishness toward Hong Kong and making a high-risk bet that its currency's peg to the US dollar will crumble, Bloomberg reported Tuesday.
9
Cathay, Swire Pacific, Air China Suspend Trading in Hong Kong
Embattled Hong Kong carrier Cathay Pacific Airways Ltd. and its two main shareholders, Swire Pacific Ltd. and Air China Ltd., suspended trading of their shares Tuesday pending an announcement.
8
Japan's GDP contracted 2.2% in 1st quarter, revised data shows
Japan's economy shrank 2.2% at an annualized pace in January-March, the government announced on Monday, a milder decline than the preliminary estimate of a 3.4% contraction.
8
E-commerce giant JD.com starts stock offering of its secondary listing
China's second-largest e-commerce company JD.com started stock offering of its secondary IPO in Hong Kong on Monday, with a price of no more than 236 HK dollars (30.45 U.S. dollars) per share. The stock offering is multiple times oversubscribed by institutional investors, according to Bloomberg.
4
China’s aviation authority to allow more foreign flights after the U.S. bans Chinese carriers
China’s aviation authority said Thursday it would allow all foreign airlines to choose from a list of approved cities to operate one international passenger flight a week beginning June 8.
4
Coronavirus Fiscal Easing Announcements Exceed 7% of World GDP
Fitch Ratings-London-03 June 2020: Macro policy easing responses to the coronavirus crisis have reached unprecedented levels, with direct fiscal stimulus measures totalling USD5 trillion (7% of 2019 GDP) for the "Fitch 20" countries covered in its Global Economic Outlook (GEO).