Dec 23, 2022 17:54 PM- BYD and Tesla Tout Affordability as Asia’s EV Race Heats Up
- A series of budget-friendly new models from a variety of automakers is expected to help the market take off in 2023
Dec 23, 2022 13:42 PM- Singapore’s Sea Freezes Salaries, Cuts Bonuses as Tougher 2023 Looms
- The Asian internet giant’s stock falls more than 4% after founder Forrest Li announced that the firm will need to focus on profitability following a tough 2022
Dec 23, 2022 13:39 PM- China Tech Stocks Are Winning Back Investors After Awful Year
- The sector, once dubbed ‘uninvestable,’ has regained favor as the country’s reopening spurs hopes for an economic recovery and a long-standing auditing spat with the U.S. looks set to be resolved
Dec 23, 2022 03:36 AM- China’s Imports of Chip-Making Gear Drop to Lowest Since Mid-2020
- November deliveries fall 40% from a year earlier amid a shrunken semiconductor market and expanding U.S. sanctions
Dec 23, 2022 03:32 AM- Xiaomi Replaces President as Chairman Pledges Investment in R&D
- Lu Weibing to succeed departing former Qualcomm executive Wang Xiang as president in another management change
Dec 22, 2022 18:14 PM- Japan Rate Hike Expectations Lift Two-Year Bond Yields Above Zero
- The 10-year Japanese government bond yield also reached 0.48% on Wednesday, near the top of the wider band set by the central bank in its surprise policy shift
Dec 22, 2022 17:20 PM- Tencent-Backed Futu to Start Trading in Hong Kong in Hedge Against U.S. Delisting
- The fintech firm, which runs a trading platform similar to Robinhood, has been listed on the Nasdaq for more than three years
Dec 22, 2022 17:15 PM- Covid Turmoil Threatens Rebound of China Developers
- Real estate shares have corrected after a run-up of 88% over the past six weeks
Dec 22, 2022 16:56 PM- China State Council, PBOC Vow to Boost Growth, Property in 2023
- Policymakers will push for the construction of major projects and pledged to support private firms and online platform companies
Dec 22, 2022 05:20 AM- Chinese Banks Edge Out Wall Street Rivals in Global IPO Rankings
- Citic Securities pushes ahead of Goldman as top underwriter, followed by China International Capital as six of top 10 IPO banks are Chinese
Dec 21, 2022 17:11 PM- Toyota to Launch EV Tailored to Emerging Markets
- The Japanese automaker is seeking to defend its regional market share from Chinese and South Korean rivals
Dec 21, 2022 15:40 PM- Japan Seeks to Break China’s Grip on Rare Earths, 10 Other Critical Items
- Tokyo hopes to strengthen the resilience of key supply chains by finding alternatives and stockpiling
Dec 21, 2022 15:34 PM- Hong Kong Airport’s Robobus Offers Glimpse of Driverless Future
- By bolting on cameras, sensors and tracking devices, the Asian financial hub’s main airport has adapted an electric bus from Chinese carmaker BYD
Dec 21, 2022 15:32 PM- China’s Budget Deficit Hits Record $1.1 Trillion on ‘Zero Covid’ Slump
- The shortfall was more than double the same period last year and larger than in 2020, when growth was the slowest in decades
Dec 21, 2022 04:41 AM- Nio Blackmailed for Millions in Bitcoin by Data-Stealing Hackers
- Chinese EV maker reports theft of data on users and vehicle sales prior to August 2021 and email demand for $2.25 million not to publish it
Dec 21, 2022 04:17 AM- Demand for Lemons Surges as Chinese Seek Immunity Against Covid
- Consumers in cities like Beijing and Shanghai rush to stock up on foods rich in vitamin C to boost immunity in the fight against the pandemic
Dec 20, 2022 16:27 PM- Chinese Banks Keep Lending Rates Unchanged After PBOC’s Hold
- The one-year loan prime rate was left at 3.65%, while the five-year rate, a reference for mortgages, remained at 4.3%
Dec 20, 2022 16:20 PM- Yen Surges as Kuroda’s Yield Cap Shock Heralds Central Bank Normalization
- The BOJ governor surprised markets by doubling a cap on 10-year yields from 0.5%, sparking a jump in the Japanese currency and a slide in government bonds
Dec 20, 2022 16:12 PM- New House Panel on China to Scrutinize U.S. Investments in Country
- The Biden administration and Congress are both considering proposals to create a system for monitoring and potentially blocking outbound investment in China
Dec 20, 2022 05:38 AM- Chinese Funds Dump Record Amount of Bonds Amid Redemptions
- Retail investors cash out amid downward spiral since last month as China ditches strict Covid control strategy
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