GLOBEALERT

Feed

Open sources, classified and cross-checked. 121+ stories.

BUSINESS1d agoHong Kong and Singapore property shrug off fund tax breaksThe long-standing rivalry between Asia’s two leading financial centres is heating up. As Hong Kong and Singapore compete harder for investment talent, tax incentives for fund managers have emerged as the new battleground. A government bill working its way through Hong Kong’s Legislative Council would result in sweeping changes to tax rules on carried interest. The legislation, which is expected to be approved later this year, would offer preferential tax treatment to a wider range of alternative...South China Morning Post
BUSINESS1d agoWhat do China’s new housing presale rules mean for real estate developers?With China rolling out a stronger-than-expected package of measures to transition the housing market away from a presales model, analysts said the shift is a double-edged sword for real estate developers: tighter regulations are poised to squeeze cash inflows, even as the reforms aim to stimulate sales and stabilise prices over time. Under new rules released by the People’s Bank of China, presales would remain in effect but down payments and mortgage funds would be disbursed to developers only...South China Morning Post
BUSINESS1d agoAir China GAAP EPS of -RMB 0.13, revenue of RMB 89.27BAir China reported a GAAP Earnings Per Share of -RMB 0.13 and revenues of RMB 89.27 billion. This indicates the financial performance of the airline.Seeking Alpha Tech
BUSINESS1d agoPrices of nearly 5,000 items set to rise in Japan in SeptemberThe prices of 4,923 food and beverage items in Japan are set to rise in September, up more than threefold from a year earlier and the most for…Japan Today
BUSINESS1d agoPrices of nearly 5,000 items set to rise in Japan in SeptemberThe prices of 4,923 food and beverage items in Japan are set to rise in September, up more than threefold from a year earlier and the most for…Japan Today
BUSINESS1d agoJapanese bonds and yen come under pressure after Jackson Hole meetingCurrency weakens past ¥160 a dollar and yields rise to highest in three decades as investors raise bets on monetary tighteningFinancial Times
BUSINESS2d agoChina’s 6 biggest state banks post rare shared growth as margins show tentative reboundChina’s six largest state-owned banks recorded their first simultaneous rise in first-half revenue and net profit since 2022, according to interim results released last week, as margins that had been under pressure for two years showed tentative signs of stabilising. Industrial and Commercial Bank of China (ICBC), China Construction Bank (CCB), Agricultural Bank of China (ABC), Bank of China (BOC), Bank of Communications (Bocom) and Postal Savings Bank of China (PSBC) together generated more...South China Morning Post
BUSINESS2d agoHoekstra: China isn't playing by the rules on tradeIn an exclusive interview with Maria Tadeo, EU Climate chief said the EU has ‘no alternative’ to levelling playing field with BeijingEuroNews [en]
BUSINESS2d agoJapan industrial output rises for fourth consecutive quarter ; up 0 . 1 % MoMJapan's industrial output has increased for the fourth consecutive quarter, with a 0.1% month-over-month rise. This reports on positive economic growth in Japan.aninews.in · India
BUSINESS2d agoRupiah Stability Comes with a Hot - Money TrapThe article discusses the stability of the Rupiah, noting it may come with a "hot-money trap," which implies potential financial risks for the currency. This matters as it highlights a potential vulnerability in the currency's stability.en.tempo.co
BUSINESS2d agoMetaX swings to profit as Chinese AI chipmakers report diverging first-half resultsChina’s home-grown artificial intelligence chipmakers are starting to cash in on Beijing’s self-reliance drive, but a fresh wave of first-half earnings reveals a stark divide between the industry’s rising profit stars and loss-making players. Shares of Chinese AI chipmakers traded mixed on Monday as investors digested the financial updates. MetaX Integrated Circuits saw its Shanghai-listed stock rise 1.4 per cent to 684.5 yuan by the midday break after reporting a swing to profitability late on...South China Morning Post
BUSINESS2d agoChinese , Thai experts eye deeper digital economy cooperationExperts from China and Thailand are exploring opportunities for deeper cooperation in the digital economy sector. This initiative aims to foster economic ties through technological collaboration.southeastasiapost.com · Pakistan
BUSINESS2d agoG20 countries should consider more trade barriers on China to cut imbalances , Bessent saysA statement suggests that G20 nations ought to explore additional trade barriers against China to reduce economic imbalances. This indicates a potential shift in global trade policy discussions.thehindu.com · India
BUSINESS2d agoWhy the Straits Times Index matters todayThe article discusses the current relevance of the Straits Times Index. It explores why this financial indicator is significant in the present economic climate.businesstimes.com.sg · Singapore
BUSINESS2d agoLexinFintech Non-GAAP EPADS of $0.11, revenue of $469.71M; gives Q3 outlookSeeking Alpha Tech
BUSINESS2d agoAsian shares drop amid geopolitical friction, oil spikes, and hawkish Fed signalSeeking Alpha Tech
BUSINESS2d agoJapanese Market Sharply LowerThe Japanese stock market has experienced a significant decline. This indicates a notable downturn in the region's financial performance.rttnews.com · United States
BUSINESS2d agoJapan’s July retail sales jump 4% Y/Y, beating expectations; industrial production gains 0.1%Seeking Alpha Tech
BUSINESS2d agoTesla launches lower-priced Model 3 in Hong Kong & MacauTesla has launched a lower-priced version of its Model 3 in Hong Kong and Macau. This move expands the company's market offerings in these regions.Seeking Alpha Tech
BUSINESS2d agoSK Hynix considers Japan memory fab partnership, Miyagi offers site - reportsSK Hynix is reportedly exploring a partnership to establish a memory fabrication plant in Japan, with Miyagi prefecture offering a potential site. This development could indicate a significant expansion in the semiconductor manufacturing sector.Seeking Alpha Tech
BUSINESS2d agoChina’s August manufacturing PMI ticks up to 49.8, beats estimates despite second month of contractionChina's manufacturing Purchasing Managers' Index (PMI) for August increased to 49.8, surpassing estimates despite remaining in contraction for the second consecutive month. This indicates a slight improvement in manufacturing activity.Seeking Alpha Tech
BUSINESS2d agoNew China property sector rules send small developer shares reelingNew regulations in China's property sector have caused a significant decline in the shares of small developers. This indicates a notable impact on the country's real estate market and economy.dealstreetasia.com · India
BUSINESS2d agoChinese , Thai experts eye deeper digital economy cooperationExperts from China and Thailand are exploring increased collaboration in the digital economy. This indicates a potential for enhanced economic ties and technological development between the two nations.thailandnews.net · Thailand
BUSINESS2d agoBYD shares slide as fierce China competition dents first-half earningsBYD shares slid after the automaker released its latest results on Friday, despite higher second-quarter profit and overseas growth.CNBC