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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Top White House Adviser Expects Tough Action on TikTok, WeChat
White House trade adviser Peter Navarro said Sunday he expected President Donald Trump to act firmly against the TikTok and WeChat applications, amid rising tensions between Washington and Beijing.
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TSMC writes the U.S., seeking to continue supplying Huawei after the grace period
According to recent report, TSMC recently wrote the U.S. government for it to continue to supply Huawei after the grace period of the government new ban on Huawei.
7
TikTok faces ban in the US; pulls out of Hong Kong
The world’s most popular short video app continues to be in the crosshairs of politicians globally.
7
Hong Kong records 14 new Covid-19 cases, 9 local with no recent travel history
Fears of a third wave of coronavirus infections in Hong Kong escalated on Tuesday when nine of 14 newly confirmed cases were found to be local and without recent travel history, leading the government to introduce compulsory testing for all people exempted from quarantine.
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White House adviser Navarro walks back on comments China trade deal 'over'
White House trade adviser Peter Navarro said on Monday the trade deal with China “continues in place’, walking back on his earlier remarks that the pact was ‘over’, stoking volatility in markets already frazzled by the coronavirus pandemic.
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US-Listed Data Center Giant GDS Weighs Hong Kong Secondary Share Sale
GDS Holdings Ltd., a Chinese data center company traded on the Nasdaq, is considering selling shares in Hong Kong as early as this year, following in the steps of U.S.-listed Chinese firms like NetEase Inc. and JD.com Inc., according to people with knowledge of the matter.
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Macau tourism boss flags May visitors up versus Apr low
Macau’s tourism boss hinted in comments aired on Wednesday that circa 20,000 visitors came to the city in May. That would still be nearly double the 11,041 that arrived in April.
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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.
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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.
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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.
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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.
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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.