Asia Economy
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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Singapore’s labor market will see ‘significant easing’ in second half of 2022, says Barclays
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Brian Tan of the investment bank says they are still “quite cautious” as the labor supply coming back with the relaxation of Singapore’s borders may not be enough to alleviate the labor shortages just yet. Source
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Barclays expects ‘big jump’ in Singapore growth after Covid measures are lifted
SINGAPORE — Singapore is set to reopen its international borders and ease Covid restrictions next week, and that’s going to be its “biggest economic driver for growth,” according to Brian Tan, senior regional economist at Barclays. “By our estimates, if we get mobility at places like recreational areas and workplaces going up by just 10%, […]
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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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