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BUSINESS1h agoThe world’s biggest fine jewellery factory: How Pandora aims to make more and pollute less in VietnamPandora invested $150 million (€132mn) in a Vietnam factory, which it says will operate entirely on renewable electricity. The company also switched to using 100% recycled gold and silver in its jewellery production in 2024.EuroNews [en]
BUSINESS1h agoHong Kong’s new Huanggang Port seemingly quiet ahead of expected holiday rushHong Kong’s newly revamped Huanggang Port is expected to handle more than 100,000 passenger trips a day over the three-day Chung Yeung Festival holiday, but its departure hall remained quiet on Saturday morning. Secretary for Security Chris Tang Ping-keung said the port had operated smoothly since opening on Monday, handling about 80,000 passenger trips a day, with the figure exceeding 92,000 on Friday. That represented a 1.5-fold to almost twofold increase from the 30,000 to 40,000 trips...South China Morning Post
BUSINESS1h agoChina luxury demand recovery may remain elusive , forcing global brands to rethink growth : Bernstein reportA report indicates that the recovery of luxury demand in China may remain challenging, compelling global brands to re-evaluate their growth strategies. This highlights a significant economic trend affecting international commerce.aninews.in · India
BUSINESS1h agoIMF says Japan to fall to sixth in world GDP rankings behind India , BritainThe IMF predicts that Japan will fall to sixth place in world GDP rankings, surpassed by India and Britain. This forecast indicates a shift in global economic power dynamics.freemalaysiatoday.com · Malaysia
BUSINESS1h agoVietnam prime minister targets 2027 GDP growth of at least 10 % Vietnam's prime minister has set a target of at least 10% GDP growth for 2027. This outlines the country's economic ambitions and policy direction.freemalaysiatoday.com · Malaysia
BUSINESS3h agoHong Kong touts distinct features to set it apart from London in global gold hub pushDistinctive features will set Hong Kong apart from London, a major bullion hub, as the city accelerates efforts to develop an international gold and precious metals trading ecosystem covering the entire value chain, a minister has told the South China Morning Post. In an exclusive interview on Thursday, Secretary for Financial Services and the Treasury Christopher Hui Ching-yu said the city would officially launch a central gold clearing platform in the first quarter of next year. It would...South China Morning Post
BUSINESS4h agoS . Korea , US hold first 2+2 meeting of finance , monetarySouth Korea and the US held their first 2+2 meeting focusing on finance and monetary issues, marking a significant step in their economic diplomacy. This highlights cooperation on financial stability and policy between the two nations.koreaherald.com · South Korea
BUSINESS5h agoForeign banks trim China branch networks as low returns test strategyAlmost two decades after gaining permission to conduct yuan business for local clients, foreign-funded banks are still refining their strategy in China, where the financial sector is dominated by state-owned lenders. While Citi exited its China retail banking business, other foreign banks have continued to close branches and sub-branches, focusing instead on digitalisation, wealth management and core clients to strengthen their foothold in the market. Deutsche Bank (China) announced the closure...South China Morning Post
BUSINESS6h ago‘Hot economics, cold politics’: why China gave nod for expanded Japanese trade tripBeijing’s decision to allow a bigger Japanese business delegation to go to China next month may be cause for some optimism but “hot economics and cold politics” will continue to dominate the strained relationship between the two countries, observers say. Kyodo news agency reported this week that Beijing had agreed to allow the Japanese Business Federation – the country’s most influential business lobby, also known as Keidanren – to expand its delegation coming to China next month. The group will...South China Morning Post
BUSINESS7h agoMalaysia’s shoppers love Chinese e-commerce. Its factories pay the priceIn hindsight, it was only a matter of time before Esha Yusof joined the growing ranks of Malaysian shoppers being drawn to Chinese e-commerce giant Pinduoduo. Esha is a relative newcomer. She signed up in July, more than half a year after the platform launched in Malaysia – and has been smitten with it ever since. Rock-bottom prices, a vast range of products and seamless payments through a popular local e-wallet make it easy for the 32-year-old to spend an average of 500 ringgit (US$122) a month...South China Morning Post
BUSINESS8h agoUS - China blame game over global economy tilts in Beijing favor | National NewsThe ongoing dispute between the US and China regarding the global economy is increasingly favoring Beijing's narrative. This development signifies a shift in perception concerning economic influence between the two nations.hanfordsentinel.com · United States
BUSINESS12h agoWhat's next for Chinese EV competition?This article explores future developments in Chinese electric vehicle competition. It addresses an ongoing economic trend in the automotive sector.Seeking Alpha Tech
BUSINESS15h ago₹1 . 3 lakh shopping in Japan , no receipts : Traveller customs dilemma raises a question for IndiansA traveller's customs dilemma in Japan concerning shopping without receipts raises questions for Indians, highlighting an issue with international regulations and personal finance.livemint.com · India
BUSINESS16h agoPrudential Financial estimates $140M hit to Q3 earnings from JapanPrudential Financial anticipates a significant financial impact on its third-quarter earnings originating from Japan. This indicates a potential financial setback for the company related to its operations in that region.Seeking Alpha Tech
BUSINESS18h agoAnti-China protectionism backfiring on American carmakers’ EV plans: analystWhile Washington’s efforts to block Chinese electric vehicles (EVs) were originally intended to protect its domestic automotive industry, they have sparked concerns the strategy is hurting America’s carmaking competitiveness. With a lack of a coherent industrial policy discouraging long-term investment, the protectionist approach was backfiring on Detroit’s EV transition, said David Zhang, a macroeconomics and policy analyst at Trivium China, who added that EVs could be a “perfect concession” in...South China Morning Post
BUSINESS18h agoChina Sufficient Gas Stocks Could Ease Winter Supply ConcernsChina's sufficient gas stocks may alleviate concerns about winter supply. This development suggests potential stability in energy markets and reduced energy insecurity for the region.oilprice.com · United States
BUSINESS19h agoWhy is China buying up gold?Beijing’s gold purchases reflect a shift away from reliance on US dollar assets, experts say.Al Jazeera [en]
BUSINESS20h agoTexas Capital cools on Melco Resorts amid Macau pressuresTexas Capital has reportedly cooled its stance on Melco Resorts due to pressures in Macau. This suggests a potential impact on investment in the gaming industry within the region.Seeking Alpha Tech
BUSINESS20h agoStocks rebound after tech sell - off and Indonesia shares sink on market downgrade warningStock markets are showing a rebound after a tech sector sell-off, while Indonesian shares have declined due to a market downgrade warning. This indicates divergent performances and concerns across global financial markets.isp.netscape.com · United States
BUSINESS20h agoCanada should be cautious about deepening trade with China , says Tokyo - based academicA Tokyo-based academic advises Canada to exercise caution regarding increasing trade with China. This highlights an expert opinion on international economic policy and relations.theglobeandmail.com · Canada
BUSINESS21h agoJinkoSolar’s Jiangxi Jinko projects up to RMB4.41B adjusted lossJiangxi Jinko, a subsidiary of JinkoSolar, is projecting a significant adjusted loss. This indicates a challenging financial outlook for the company and potentially the solar industry.Seeking Alpha Tech
BUSINESS21h agoChina’s AI boom, self-sufficiency push fuel earnings surge for local chip firmsChinese chip and tech firms have flagged as much as six-fold growth in unaudited third-quarter profits, as huge demand for home-grown processors and artificial intelligence infrastructure filters through links in the supply chain amid the country’s push for self-reliance. Shanghai-listed Yuanjie Semiconductor Technology expected its quarterly net profit to land between 403 million yuan and 453 million yuan, up 579 per cent to 660 per cent from a year earlier. The maker of laser chips for optical...South China Morning Post
BUSINESS22h agoChina-North Korea border bridge may do little to spur trade, experts saySanctions and a North Korean leadership that prioritises security dim prospects for trade, analysts say.Al Jazeera [en]
BUSINESS22h agoEU backs trade ‘kill switch’, China exports surge, third-quarter GDPEuropean Union leaders supported creating a tool to potentially shut out Chinese goods as a growing flood of low-cost imports pushed the bilateral trade deficit to a record. Officials could start work on developing a trade “kill switch”, European Commission President Ursula von der Leyen signalled to EU leaders at a Brussels meeting on Thursday, the South China Morning Post reported, citing unidentified people briefed on the talks. Leaders requested a proposal by year-end, Bloomberg News said....South China Morning Post
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