Asia Economy
Morgan Stanley says these Chinese stocks could rebound — Alibaba, Tencent aren’t on the list
Morgan Stanley analysts have picked some Chinese stocks they say are oversold and have a greater chance of rebounding after supportive comments from Beijing. Source
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Omicron ‘stealth’ variant BA.2 is spreading rapidly in China
People line up for nucleic acid testing at a temporary Covid-19 testing site on March 22, 2022 in Shenzhen, Guangdong Province of China. Vcg | Visual China Group | Getty Images BEIJING — As mainland China battles its worst Covid-19 outbreak since early 2020, local governments increasingly say the new omicron BA.2 variant is to […]
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Singapore to ease Covid measures, reopen borders and drop outdoor mask mandate
Office workers walk out for lunch break at Raffles Place financial business district in Singapore on January 4, 2022. Roslan Rahman | AFP | Getty Images SINGAPORE — Singapore will ease most of its Covid restrictions including outdoor mask mandates from March 29, Prime Minister Lee Hsien Loong announced on Thursday. Limits on social gatherings […]
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Black box from crashed Boeing jet is on its way to Beijing for analysis, state media says
Zhu Tao, director of the aviation safety office at the Civil Aviation Administration of China, speaks during a press conference at a hotel in Wuzhou on March 23, 2022. Noel Celis | Afp | Getty Images BEIJING — Search and rescue teams have found a black box and human remains at the China Eastern Airlines […]
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The Philippines’ pivot toward China could change when Duterte steps down as president
Chinese President Xi Jinping holds talks with his Philippine counterpart Rodrigo Duterte in Manila, the Philippines on Nov. 20, 2018. Xinhua News Agency | Getty Images The Philippines has been warming up to China since President Rodrigo Duterte was elected in 2016. As Filipinos head to the polls on May 9 to elect a new […]
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India’s rupee-ruble trade arrangement with Russia may be ready in a week, says export body chief
India is expected to announce a payment arrangement that would allow trade with Russia to continue, the president of an Indian exporters’ association told CNBC’s “Street Signs” on Wednesday. The so-called rupee-ruble trade mechanism could come as early as next week, according to A Sakthivel, president of the Federation of Indian Export Organisations (FIEO). The […]
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Chinese stocks may start exiting the U.S. in two years, warns Asian Corporate Governance Association
The delisting of U.S.-listed Chinese stocks may come in the next two to three years, according to Jamie Allen of the Asian Corporate Governance Association. “There doesn’t seem to be a huge incentive … for China to compromise, nor does the U.S. seem to want to compromise,” the secretary general at the non-profit organization told […]
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China Boeing 737 plane crash: No survivors found; search for black box continues
Rescuers head to the site of a plane crash in Tengxian county, Wuzhou city, in China’s southern Guangxi region on March 22, 2022. Str | Afp | Getty Images BEIJING — Rescue workers haven’t found any survivors from this week’s China Eastern Airlines crash and the hunt for the black box continues, authorities said late […]
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China crash is ‘unprecedented’ given Boeing 737’s stellar safety record, says aviation analyst
For an aircraft like China Eastern’s Boeing 737-800 to crash in midflight is “simply unprecedented,” said one aviation analyst who cited the plane’s excellent safety record. “Air travel is the safest form of transport. But when we do suffer incidents or accidents, we don’t see anything like what we have seen in China over the […]
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Central banks face tough decisions after Russia’s invasion. Not everyone’s sure they’ll get it right
A trader works, as Federal Reserve Chair Jerome Powell is seen delivering remarks on a screen, on the floor of the New York Stock Exchange (NYSE), January 26, 2022. Brendan McDermid | Reuters LONDON – Just as many central banks had set their sights on normalizing monetary policy as economies emerged from the coronavirus pandemic, […]
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