Asia Economy
Hong Kong cuts hotel quarantine for travelers to 3 days, plus 4 days of home medical surveillance
Hong Kong is reducing the amount of time travelers will need to serve hotel quarantine, from seven days down to three starting Friday. “The seven-day quarantine hotel arrangement will be changed to three days in a quarantine hotel, plus four days of home medical surveillance,” Chief Executive John Lee said at a press conference Monday. […]
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Taiwan’s trade with China is far bigger than its trade with the U.S.
Container trucks line up to enter the Port of Keelung in Keelung, Taiwan. Data show that Taiwan depends more on China for trade than it does on the U.S. Billy H.C. Kwok | Bloomberg | Getty Images BEIJING — Data show that Taiwan depends more on China for trade than it does on the U.S., […]
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UAE hospital group Burjeel posts record full-year revenues ahead of a potential IPO
Talk of a potential listing for Burjeel Holdings comes as the Emirates benefits from a Middle East IPO boom, with Abu Dhabi and Dubai taking several government entities public this year. Bloomberg | Bloomberg | Getty Images DUBAI, United Arab Emirates — Indian billionaire Shamsheer Vayalil is accelerating plans to take Burjeel Holdings public after […]
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Southeast Asia’s largest bank says wealth management, capital markets business face challenges
DBS Group CEO Piyush Gupta said the bank’s wealth management and capital markets businesses continue to see “headwinds,” despite the bank reporting robust second-quarter earnings. “Business momentum is a bit mixed. Our corporate lending activities are actually doing quite well. And so the balance sheets continue to grow,” Gupta told CNBC’s “Capital Connection” following the […]
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India’s currency is under pressure — and analysts say the rupee could test new lows
Two thousand rupee notes on display with an Indian flag in the background. Manish Rajput | SOPA Images | LightRocket via Getty Images The Indian rupee has come under intense selling pressure due to a perfect storm of global headwinds which analysts say will continue to pummel the currency in the months ahead. In recent […]
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Pelosi’s Taiwan trip puts the world’s biggest chipmaker back in the spotlight of U.S.-China rivalry
Taiwan Semiconductor Manufacturing Company (TSMC) is the biggest contract chipmaker in the world. But it has been thrust in the middle of U.S.-China geopolitical tensions. logo displayed on the screen. Rafael Henrique | Sopa Images | Lightrocket | Getty Images U.S. House Speaker Nancy Pelosi may have left Taiwan but the visit has cast a spotlight […]
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Watch live: Biden signs bill to boost China competition and U.S. chip production
[The stream is slated to start at 2:45 p.m. ET. Please refresh the page if you do not see a player above at that time.] President Joe Biden on Tuesday is set to sign into law a bipartisan bill to invest billions of dollars in domestic semiconductor manufacturing and science research, with the aim of […]
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Biden administration faces midnight court deadline to defend $350 billion of Trump’s China tariffs
WASHINGTON — The Biden administration faces a legal deadline at midnight to defend former President Donald Trump’s China tariffs, even as the White House considers scaling them back to lower consumer prices and ease inflation. Scores of companies sued the Trump administration in September 2020, arguing the process of implementing a third and fourth tranche […]
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Alibaba says will work to keep trading in U.S., Hong Kong after being added to SEC delisting risk list
Alibaba has faced growth challenges amid regulatory tightening on China’s domestic technology sector and a slowdown in the world’s second-largest economy. But analysts think the e-commerce giant’s growth could pick up through the rest of 2022. Kuang Da | Jiemian News | VCG | Getty Images Chinese e-commerce giant Alibaba said it will comply with […]
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New Zealand had one of the world’s strictest Covid lockdowns. Now its borders are fully reopening
After more than two years, New Zealand is fully reopening its borders and welcoming back all international travelers. The country is reopening on July 31, some three months earlier than previously announced. Earlier this year, New Zealand’s borders were opened to Australians and citizens of 60 places that do not need visas to enter, including […]
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