Asia Economy
Domino’s Pizza China operator files for Hong Kong listing
DPC Dash said in a filing it is Domino’s Pizza’s “exclusive master franchisee” in mainland China, Hong Kong and Macao, with 485 directly operated stores in 10 cities on the mainland — mostly in Beijing and Shanghai. Sopa Images | Lightrocket | Getty Images BEIJING — The operator of Domino’s Pizza stores in China, DPC […]
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Singapore is ready for the return of more big events, says industry body
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Richard Ireland, president of the Singapore Association of Convention & Exhibition Organisers & Suppliers, discusses how it’s preparing for the return of more large-scale events in the country. Source
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Hong Kong trading and IPOs hurt by geopolitics, says bourse CEO
Electronic screens display gongs at the Exchange Square Complex, which houses the Hong Kong Stock Exchange, in Hong Kong, China, on Tuesday, March 15, 2022. A “fragile” geopolitical environment has slowed trading volumes and initial public offerings on the Hong Kong stock exchange and created challenges for its commodities business, especially nickel, the bourse’s CEO […]
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Hong Kong faces ‘tough balancing act’ as it looks to ease some border restrictions, official says
Hong Kong faces a tough balancing act as the city aims to lift some border restrictions for international travelers starting next month, according to a government official. The Chinese territory intends to ease a travel ban on flights from nine countries, including the U.S., U.K. and Australia, and allow those travelers to quarantine in a […]
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Recession fears tied to Treasury yields are overblown, Canaccord’s Tony Dwyer suggests
Wall Street may be overestimating recession risks. While investors focus on an unnerving inversion between the five-year and 30-year Treasury Note yields, Canaccord Genuity’s Tony Dwyer is concentrating on optimistic activity in another part of the bond market. According to Dwyer, the three-month versus five-year yield shows a healthier picture of the U.S. economy because […]
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Chinese EV maker Nio delivers its first ET7 electric sedans
Nio began deliveries of its new ET7, an upscale electric sedan, on Monday, March 28, 2022. Nio Nio confirmed Monday it has begun deliveries of its new luxury sedan, the ET7, on schedule, sending U.S.-traded shares of the Chinese electric vehicle maker sharply higher. Nio’s shares closed at $21.21 on Monday, up 6.5% for the […]
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XPeng shares jump after the Chinese EV automaker posts narrower-than-expected quarterly loss
XPeng delivered over 60,000 of its flagship P7 electric sedans in 2021. XPeng, Inc. U.S. listed shares of XPeng jumped in premarket trading Monday after the Chinese electric-vehicle maker reported a fourth-quarter loss that was narrower than Wall Street had expected. XPeng said that it lost $202 million in the quarter, or $0.22 on an […]
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China is shutting down Shanghai in two phases to control Covid
Health workers wearing protective gear as a measure against the Covid-19 coronavirus walk down a street in Jing’an district in Shanghai on March 26, 2022. Hector Retamal | Afp | Getty Images BEIJING — China’s biggest city Shanghai began a two-stage lockdown Monday as authorities attempt different strategies to maintain growth, while trying to control […]
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What it’s like to travel to Australia right now
Australia’s rigid pandemic border policies led some to wonder if international travelers would still want to visit. It appears they do. Four weeks after the country opened to vaccinated visitors, international flight bookings are nearly half (49%) of pre-pandemic levels, according to the travel technology company Travelport. CNBC Travel went to the land “Down Under” […]
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Vietnam’s first quarter foreign direct investment up 7.8% from a year ago
Workers at Pouyuen Vietnam factory, a unit of Taiwans Pou Chen Corp., in Ho Chi Minh City, Vietnam, on Thursday, Oct. 7, 2021. Maika Elan | Bloomberg | Getty Images Vietnam received $4.42 billion in foreign direct investment (FDI) in the first quarter, up 7.8% from a year earlier, the Ministry of Planning and Investment […]
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