72.43 F
New York
July 15, 2020
Home » Asia News

Asia News

CNBC Business

Goldman Sachs sees the Chinese yuan strengthening to 6.70 against the dollar in the next 12 months

CNBC
CNBC – For more and to sign up click here The Chinese yuan is set to see a sizable appreciation against the greenback in the next 12 months, according to Zach Pandl, co-head of global foreign exchange, rates and emerging market strategy at Goldman Sachs. Pandl forecasts the Chinese currency......
CNBC Business

China says its yuan-denominated exports and imports jumped in June

CNBC
CNBC – For more and to sign up click here Aerial view of shipping containers sitting stacked at Lianyungang Port on June 3, 2019 in Lianyungang, Jiangsu Province of China. Wang Jianmin | Visual China Group | Getty Images China’s yuan-denominated exports and imports rose in June, as restrictions eased and countries......
CNBC Business

Singapore enters recession after economy shrinks more than 40% quarter on quarter

CNBC
CNBC – For more and to sign up click here A general view of the Marina Bay Sands, the ArtScience Museum, the Singapore Flyer and the central business district on June 19, 2020 in Singapore. Suhaimi Abdullah | Getty Images Singapore’s economy entered a technical recession after shrinking by 41.2%......
CNBC Business

Most U.S. firms in Hong Kong are concerned about new security law — but few plan to leave, survey shows

CNBC
CNBC – For more and to sign up click here A barge displays the words ‘Celebrate national security law’ on Victoria Harbour on July 1, 2020 in Hong Kong. Anthony Kwan | Getty Images A large majority of American companies in Hong Kong said they were concerned about the new......
CNBC Business

Most U.S. firms in Hong Kong are concerned about new security law — but few plan to leave, survey shows

CNBC
CNBC – For more and to sign up click here A barge displays the words ‘Celebrate national security law’ on Victoria Harbour on July 1, 2020 in Hong Kong. Anthony Kwan | Getty Images A large majority of American companies in Hong Kong said they were concerned about the new......
CNBC Business

The U.S. warns citizens of ‘arbitrary detention’ in China

CNBC
CNBC – For more and to sign up click here The national flags of the U.S. and China waving outside a building. Teh Eng Koon | AFP via Getty Images The U.S. has asked its citizens to “exercise increased caution” in China due to a “heightened risk of arbitrary detention”......
CNBC Business

Here’s why the Trump administration’s threat to hurt Hong Kong’s dollar peg won’t work

CNBC
CNBC – For more and to sign up click here Why Trump administration threat to hurt Hong Kong’s dollar peg won’t work SEARCH QUOTES Source – Click here for more To Return to the Main Aggregate News Page – click here...
CNBC Business

China is stepping into global leadership vacuum as U.S. struggles with coronavirus, says Kevin Rudd

CNBC
CNBC – For more and to sign up click here The global leadership vacuum during the coronavirus crisis is an “open door” for China to walk through, said Kevin Rudd, president of the Asia Society Policy Institute. The former Australian prime minister said the U.S. has presented an opportunity for Beijing......
CNBC Business

Watch live: World Health Organization holds press conference as coronavirus pandemic accelerates

CNBC
CNBC – For more and to sign up click here [The stream is slated to start at 11:00 a.m. ET. Please refresh the page if you do not see a player above at that time.]...
CNBC Business

Outbreak of dengue fever in Southeast Asia is ‘exploding’ amid the coronavirus fight

CNBC
CNBC – For more and to sign up click here Municipal workers fumigates an areas of housing complex against Aedes Aegypti mosquitos as a measures to control a dengue outbreak amids Covid-19 pandemic in Wanasari village, Bekasi regency, West Java province, on May 6, 2020. Aditya Irawan | NurPhoto via......
CNBC Business

The Chinese yuan is still far from becoming a ‘safe-haven’ alternative to the U.S. dollar, Citi says

CNBC
CNBC – For more and to sign up click here Don’t expect the Chinese yuan to become a “safe-haven” alternative to the dollar or U.S. Treasurys anytime soon, says Ebrahim Rahbari, global head of foreign exchange analysis at Citi. “I’m very skeptical,” Rahbari told CNBC’s “Street Signs Asia” on Thursday,......
CNBC Business

Australian government advises citizens not to travel to Hong Kong due to national security law

CNBC
CNBC – For more and to sign up click here People wearing face masks as a precautionary measure against the spread of the Covid-19 novel coronavirus, walk down a street decorated with Chinese lanterns in Hong Kong on February 29, 2020. VIVEK PRAKASH The Australian government has advised its citizens......
CNBC Business

Watch live: New York Gov. Andrew Cuomo holds a press conference on the coronavirus outbreak

CNBC
CNBC – For more and to sign up click here [The stream is slated to start at 11:30 a.m. ET. Please refresh the page if you do not see a player above at that time.]...
CNBC Business

From Uber to Asia, the pandemic is remaking the world’s ‘super app’ race

CNBC
CNBC – For more and to sign up click here A Gojek driver, center, sits in traffic in Jakarta, Indonesia, on Monday, July 15, 2019. Dimas Ardian | Bloomberg via Getty Images The biggest of rideshare platforms have been in a race to push beyond core transportation and create a......
CNBC Business

As China tightens its grip on Hong Kong, it’s also paving the way for money to flow into the city

CNBC
CNBC – For more and to sign up click here Pedestrians ride an escalator near a Government National Security Law poster in a MTR Corp. train station in the Wan Chai district in Hong Kong, China, on Thursday, July 2, 2020. Ivan Abreu | Bloomberg | Getty Images China is......
CNBC Business

Fraud at China’s Luckin is a ‘great morality tale’ for investors, says analyst

CNBC
CNBC – For more and to sign up click here Charles Zhengyao Lu, chairman and founder of Luckin Coffee, and Jenny Qian Zhiya, chief executive officer of Luckin Coffee, ringing the opening bell during the company’s initial public offering (IPO) at the Nasdaq in New York, on May 17, 2019.......
CNBC Business

Shanghai soars nearly 4% as ‘bull sentiment’ drives markets; WHO reports all-time high in coronavirus cases

CNBC
CNBC – For more and to sign up click here Stocks in Asia Pacific were higher in Monday morning trade, with stocks in mainland China leading gains regionally. The Shanghai composite soared 3.97% in morning trade while the Shenzhen component rose 2.949%. The Shenzhen composite also jumped 2.781%  Amber Hill Capital’s Jackson......
CNBC Business

Hong Kong national security law may spook socially conscious investors, sparking outflows

CNBC
CNBC – For more and to sign up click here Investors who take a sustainable approach to allocating capital may be reevaluating putting their money into Hong Kong after the city implemented a national security law, an analyst said on Friday. “That’s the one area of international capital flows that......
CNBC Business

Fitch has downgraded a record number of sovereign ratings due to the coronavirus. It’s not done yet

CNBC
CNBC – For more and to sign up click here Fitch Ratings has downgraded a record 33 sovereign ratings in the first half of this year — and the agency is not done yet as the coronavirus pandemic pummels government finances. James McCormack, Fitch’s global head of sovereign ratings, said......
CNBC Business

Think tank explains why it’s ‘pointless’ to delist Chinese companies from U.S. stock markets

CNBC
CNBC – For more and to sign up click here U.S. and China flags along Pennsylvania Avenue in Washington, D.C. on Jan. 17, 2011. Andrew Harrer | Bloomberg | Getty Images Delisting Chinese companies from U.S. stock exchanges is “a pointless drive” that will neither deny those firms access to......

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Click whichever is suitable. Accept Read More