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November 24, 2020

Asia News

When will ‘herd immunity’ set in globally? Citi weighs in

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CNBC – For more and to sign up click here A sign on the entrance to a pharmacy reads “Covid-19 Vaccine Not Yet Available” in Burbank, California on Nov. 23, 2020. Robyn Beck | AFP | Getty Images SINGAPORE — With several Covid-19 vaccine candidates showing promising trial outcomes, investors......

China’s antitrust push won’t bring an ‘explosion of cases’ against online platforms, professor says

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CNBC – For more and to sign up click here Jack Ma, founder of Alibaba Group, attends opening ceremony of the 3rd All-China Young Entrepreneurs Summit on September 25, 2020 in Fuzhou, Fujian Province of China. Lyu Ming | China News Service via Getty Images SINGAPORE — China’s latest antitrust......

Singapore-Hong Kong ‘travel bubble’ flights will carry on despite rise in Hong Kong’s coronavirus cases

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CNBC – For more and to sign up click here Singapore Airlines crew members at Changi International Airport in Singapore on Oct. 24, 2020. Roslan Rahman | AFP | Getty Images SINGAPORE — Singapore and Hong Kong will go ahead with their air travel arrangements on Sunday as planned, but......

Surging debt during the pandemic is creating dangers for investors and developed countries

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CNBC – For more and to sign up click here A man wears a protective mask as he rides past the The People’s Bank of China in Beijing. Emmanuel Wong | Getty Images SINGAPORE — Risks for investors as well as developed economies are piling up with debt escalating during......

A surprise spate of bond defaults by state-owned Chinese firms is spooking investors

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CNBC – For more and to sign up click here A man counting 100 renminbi notes, the Chinese currency. Sheldon Cooper | SOPA Images | LightRocket via Getty Images SINGAPORE — A series of high-profile defaults involving state-owned companies in China — normally a safe pick for investors — have......

Tech investments in China are focused on 3 trends, says venture capital firm

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CNBC – For more and to sign up click here (L-R) Hongye Wang, partner of Antler; Eric Lin, head of research at UBS Securities in China; and Evelyn Cheng of CNBC on the first day of CNBC’s East Tech West conference in Nansha, Guangzhou on Nov. 17, 2020. Dave Zhong......

U.S. may want to strike bilateral deals after being left out of the world’s largest trading bloc, HSBC says

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CNBC – For more and to sign up click here SINGAPORE — Given its absence in the world’s largest trade agreement, the U.S. might want to “keep some of the doors open” with the participating Asia-Pacific countries by negotiating bilateral deals with them, an economist from HSBC said Tuesday. China......

China is not an ‘expansionist empire’ as the West claims, state media says after signing of mega trade deal

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CNBC – For more and to sign up click here China’s Premier Li Keqiang (center) looks on as Chinese Minister of Commerce Zhong Shan (right) signs the massive trade agreement, as seen on a TV monitor, during the ceremony for the Regional Comprehensive Economic Partnership (RCEP) trade pact at the......

‘A coup for China’: Analysts react to the world’s largest trade deal that excludes the U.S.

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CNBC – For more and to sign up click here Vietnam’s Prime Minister Nguyen Xuan Phuc is pictured on the screen (R) as he addresses his counterparts during the 4th Regional Comprehensive Economic Partnership (RCEP) Summit held online on Nov. 15, 2020. Nhac Nguyen | AFP | Getty Images SINGAPORE......

Asia markets bounce as countries in region sign giant trade deal; Australia halts trading

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CNBC – For more and to sign up click here SINGAPORE — Asia markets bounced in early trade on Monday as 15 economies in the region signed a deal that formed the world’s largest trade alliance. Australia, meanwhile, halted trading shortly after markets opened. The trade deal, signed on Sunday,......

Europe, North America have a ‘really clear’ need for Covid vaccine, says expert

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CNBC – For more and to sign up click here With cases of the coronavirus disease still surging in the West, countries in Europe and North America have a “really clear” need for a vaccine, a medical expert said on Friday. Several European countries — including France, Germany and the......

Biden’s win boosts the Chinese yuan, but the Trump effect will be more lasting

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CNBC – For more and to sign up click here U.S President Donald Trump returns to the White House after news media declared Democratic U.S. presidential nominee Joe Biden to be the winner of the 2020 U.S. presidential election, in Washington, U.S., November 7, 2020. Carlos Barria | Reuters The......

Biden’s climate goals will be harder to achieve without China, says Wood Mackenzie

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CNBC – For more and to sign up click here Democratic Presidential candidate Joe Biden looks on while speaking at the Queen venue in Wilmington, Delaware, on November 5, 2020. Jim Watson | AFP | Getty Images SINGAPORE — U.S. President-elect Joe Biden has made tackling climate change one of......

China tech giants have lost more than $250 billion in market value as regulatory concerns mount

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CNBC – For more and to sign up click here Jack Ma, CEO of Chinese e-commerce giant Alibaba, speaks during his visit at the Vivatech startups and innovation fair, in Paris on May 16, 2019. Philippe Lopez | AFP | Getty Images SINGAPORE — Shares of China’s top technology giants......

Covid vaccine won’t be an ‘instant stimulus’ to the U.S. economy, warns economist

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CNBC – For more and to sign up click here A pedestrian wearing a protective face mask walks by a going out of business sign displayed outside a retail store in New York City. Noam Galai | Getty Images A Covid-19 vaccine will not result in an “instant stimulus” to......

The dollar could weaken further under a Biden administration, analysts say

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CNBC – For more and to sign up click here SINGAPORE — The U.S. dollar is poised to further weaken, amid market views that geopolitical risks are falling after the election and that the next stimulus package will likely be smaller than expected, according to analysts. Citi Private Bank strategists......

Emerging markets could see an influx of cash following Biden victory, Standard Chartered predicts

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CNBC – For more and to sign up click here SINGAPORE — Emerging markets could benefit from a political environment that looks set to become “more benign” following the victory of Democratic candidate Joe Biden in the U.S. presidential election, Standard Chartered Bank’s Eric Robertsen predicted. “There’s quite a bit......

Washington should not force countries to choose between the U.S. and China, says ex-diplomat

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CNBC – For more and to sign up click here SINGAPORE — Many countries, especially those in Southeast Asia, want to maintain “strong links” with the U.S. — and Washington shouldn’t force them to choose sides in its rivalry with Beijing, a prominent former Singapore diplomat said on Monday. “Trump’s......

Biden administration might see eye-to-eye with China on two things, says former IMF China head

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CNBC – For more and to sign up click here U.S. President-elect Joe Biden (L) met Chinese President Xi Jinping in Davos, Switzerland on Jan. 17, 2017. Lan Hongguang | Xinhua News Agency | Getty Images The U.S. under a Biden administration could cooperate with China on health care and......

‘Mission impossible’, ‘huge relief’ and a ‘bittersweet victory’: World media reacts to Biden win

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CNBC – For more and to sign up click here Locals read a newspaper as residents of Ballina, Co. Mayo, Ireland, begin celebrations in the ancestral home of US Presidential candidate Joe Biden in anticipation of the results of the US election as Biden edges closer to victory over Donald......

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