South Korea’s trade and finance minsters to meet U.S. counterparts for trade talks on Friday, Reuters reports South Korea’s new finance minister, Koo Yun-cheol, and minister for trade, Yeo Han-koo, are set to hold trade talks with their U.S. counterparts, Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer, this Friday, according to Reuters. The…
A media report overt the weekend saying the London Stock Exchange Group (LSEG) is considering 24-hour trading has raised questions about whether Hong Kong’s bourse could similarly lengthen its transaction hours to cater to a younger generation of trade-anytime investors. The Orion Derivatives Platform (ODP), developed by Hong Kong Exchanges and Clearing (HKEX) for roll-out…
Four Hong Kong Airlines passenger flights touched down at the city’s airport while the highest typhoon signal was still in force on Sunday, with experts saying such landings were possible under the right wind and operational conditions. The four flights, which came from Chongqing, Tokyo, Beijing and Denpasar, landed between 2.25pm and 4.04pm. The average…
Four Hong Kong Airlines passenger flights touched down at the city’s airport while the highest typhoon signal was still in force on Sunday, with experts saying such landings were possible under the right wind and operational conditions. The four flights, which came from Chongqing, Tokyo, Beijing and Denpasar, landed between 2.25pm and 4.04pm. The average…
Chinese yuan trades flat against greenback after PBOC decision The Chinese yuan and offshore yuan traded flat against the greenback on Monday, after the People’s Bank of China stood pat on its key holding rates for July. As at 9.50 a.m. local time (9.50 p.m. ET Sunday), the offshore yuan had strengthened by 0.02% against…
China needs to engage and cooperate more effectively with the Global South on AI governance to counter US moves to hobble its technological progress, according to analysts. They also said that as the US retreated from its leadership role it could be “sidelined during a critical period” as the global norms and rules around artificial…
The competition, titled “AI for All”, will run through September and features 17 tracks, including automobile, tourism, cross-border e-commerce, smart agriculture, and market regulation. Hosted by the Guangxi regional government, the kick-off took place simultaneously in eight cities: Guangxi’s capital Nanning, Beijing, Shanghai, Hangzhou, Shenzhen, Hong Kong, Bangkok, and Kuala Lumpur. “Hong Kong’s AI ecosystem…
We have selected seven stories from this week’s news across Hong Kong, mainland China, the wider Asia region and beyond that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. Chinese brain drain ‘great loss’ for US, Nvidia CEO Jensen…
Wells Fargo & Co. suspended travel to China after one of its bankers who works in trade financing was recently blocked from leaving the country. Chenyue Mao, an Atlanta-based managing director who was born in Shanghai, was banned from exiting China after entering the country in recent weeks, according to a person with knowledge of…
BANGKOK – Shares were mixed Wednesday in Europe and Asia after an update on U.S. inflation pulled most Wall Street stocks lower, though gains for Nvidia pushed the Nasdaq to another record. The report showed inflation in the United States accelerated to 2.7% last month from 2.4% in May. Economists said higher prices for clothes,…