President Donald Trump is due to announce later on Friday his response to the Chinese parliament’s advancement this week of security legislation for Hong Kong, which many lawyers, diplomats and investors fear could erode the city’s freedoms.The former British colony.. Read the news
The deals come as global rivals such as General Motors, Toyota and Tesla Inc seek to expand electric sales in the Chinese car market.Volkswagen said it will invest 1 billion euros to take a 50% stake in the state-owned parent of Anhui Jianghuai Automobile Group (JAC M.. Read the news
While many companies are hurting from disruption caused by the virus, Alibaba has seen traffic at its online marketplaces shoot higher and demand grow for services like food delivery. Local authorities have even turned to its cloud business to build health-tracking apps.. Read the news
In the heart of the financial district, riot police fired pepper pellets to disperse a crowd, and elsewhere in the city police rounded up groups of dozens of suspected protesters, making them sit on sidewalks before searching their belongings.A heavy police presence aro.. Read the news
The notice, published on Thursday and reproduced in Hong Kong media on Friday, names Credit Suisse as the security agent, which means it will act on behalf of the banks behind the loan. A court hearing will be held on the island of Tortola on June 8.Credit Suisse has p.. Read the news
A prohibitive Chinese import tariff on Australian barley will benefit other suppliers without changing the bleak global outlook caused by large stocks and depressed beer demand, analysts and traders said.Beijing said on Monday it would apply an 80.5% tariff on Australia.. Read the news
A Reuters survey of traders and analysts showed more than 70% of them expected China would stand pat on the benchmark lending rate in May.Markets usually take the People’s Bank of China’s (PBOC) stance on its medium-term lending facility (MLF) rate - which serves as.. Read the news
In an interview with Fox Business Network broadcast on Thursday, Trump said he was very disappointed with China’s failure to contain the disease and that the pandemic had cast a pall over his January trade deal with Beijing, which he has previously hailed as a major a.. Read the news
Starbucks Corp said on Monday it would roll out a new plant-based lunch menu in China this week, launching Beyond Meat Inc’s products in a country where it is trying to recover from the novel coronavirus pandemic-led shutdown.The world’s biggest coffee chain has r.. Read the news
Markets are braced for a decline in earnings at some of mainland China’s biggest publicly traded companies. The results are expected to provide first insight over the next two weeks into the effects of the Covid-19 pandemic on company profits.Gree, China’s biggest .. Read the news
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