3
Microsoft pursuing TikTok purchase by September 15th, may invite U.S. investors to deal
Microsoft has posted a statement today on its corporate blog that says it will continue discussions on a potential TikTok purchase in the U.S.. As a part of the statement, it says that it may invite other “American investors” to participate on a minority basis.
31
Xpeng Motors has made a confidential filing for a listing in the US
Guangzhou-based Xpeng Motors has filed confidentially to list in the US but has not yet chosen between Nasdaq or the New York Stock Exchange, according to a person familiar with the matter.
31
Amazon vows to invest $10B in Kuiper satellites after getting FCC’s go-ahead
The Federal Communications Commission has authorized Amazon’s plans for a Project Kuiper constellation of 3,236 satellites that would provide broadband internet access across a wide swath of the globe — but on the condition that it doesn’t unduly interfere with previously authorized satellite ventures.
30
EU watchdog tells banks to get ready for full Brexit
Banks using Britain as a gateway to the European Union must fully execute their plans for serving the bloc's customers before a Brexit transition period ends in December, the EU's banking watchdog said on Wednesday.
30
Huawei overtakes Samsung to be No. 1 smartphone player in the world thanks to China as overseas sales drop
Huawei became the biggest smartphone player in the world in the second quarter for the first time, a new report by Canalys shows.
29
Air travel will not recover until 2024 – IATA
The International Air Transport Association (IATA) has released an updated global passenger forecast predicting that air travel will not return to pre-COVID-19 levels until 2024, a year later than previously projected.
29
China Three Gorges Mulls $4 Billion Stake Sale in Overseas Unit
China Three Gorges Corp. is exploring selling a stake worth as much as $4 billion in the state-owned power company’s overseas asset portfolio, according to people familiar with the matter.
28
Fitch affirms China’s A+ rating, expects 2.7% GDP growth this year
Rating agency Fitch said it affirmed China’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘A+’ with a Stable Outlook.
27
Credit Suisse Invested $100 Million in Ant, Setting up Windfall
Credit Suisse Group AG invested nearly $100 million in Ant Group during its last funding round, according to people familiar with the matter, setting the Swiss bank up for a potential windfall as the Chinese internet giant prepares to go public.
27
Fund managers expect ETFs tracking Hang Seng Tech Index to take off
The new Hang Seng Tech Index will allow fund houses to introduce exchange traded funds (ETF) to track the tech sector and enable passive fund managers to invest in the booming sector and promote Hong Kong as a listing hub, according to fund managers.
24
TikTok unveils $200 million fund for U.S. creators
TikTok today announced a $200 million fund, aimed at helping top creators in the U.S. supplement their earnings, and potentially coax the next Charli D’Amelio out of the woodwork.
24
Xi stresses building strong domestic automobile brands
Xi Jinping, general secretary of the Communist Party of China Central Committee, on Thursday stressed aspirations and efforts to build strong domestic automobile brands.
21
Coronavirus: EU leaders reach recovery deal after marathon summit
EU leaders have struck a deal on a huge post-coronavirus recovery package following a fourth night of talks. It involves €750bn (£677bn; $859bn) in grants and loans to counter the impact of the pandemic in the 27-member bloc.
21
Taiwan shares was up 1.83 percent at 12,397.55, reaching a 30-yr high
Taiwan shares closed up 223.01 points, or 1.83 percent, at 12,397.55, a 30-yr high, on turnover of NT$223.74 billion (US$7.61 billion), as investors rushed to pick up large cap stocks in the electronics sector following a rally on the tech-heavy Nasdaq market overnight, dealers said.
20
Hong Kong had at least 100 Covid-19 new cases today; experts warn curfew could be necessary
Hong Kong health authorities have recorded another day of at least a hundred Covid-19 infections, a mix of confirmed and preliminary cases, a medical source has told the Post, as local infectious disease experts warned a citywide curfew could be necessary if the run continues.
20
China keeps lending benchmark LPR steady for third month, as expected
China kept its benchmark lending rate steady for the third straight month on Monday, matching market expectations, amid signs that the world’s second-largest economy is recovering from the shock coronavirus pandemic.
20
China to Connect Interbank, Exchange Traded Bond Markets
The PBOC (People’s Bank of China) and CSRC (China Securities Regulatory Commission) have agreed to cooperate to connect the interbank and exchange traded bond markets.
14
Singapore in technical recession after GDP shrinks 41.2% in Q2 from preceding quarter
Singapore has entered a technical recession after its economy contracted 41.2 per cent in the second quarter from the previous three months, dragged down by weak external demand and COVID-19 "circuit breaker" measures.
14
China eases Macau border restrictions, shares in casino operators jump
China has loosened coronavirus-related border restrictions between Macau and the neighbouring coastal province of Guangdong, sending shares of Macau casino operators surging on hopes of a quick pickup in demand.
14
China June exports unexpectedly rise 0.5% year-on-year, imports up 2.7%
China’s exports in June unexpectedly rose 0.5% from a year earlier, and imports increased 2.7%, customs data showed on Tuesday.