Hong Kong’s corporate activity and yuan-driven business have been revitalised as global market participants strengthen ties to China’s economy amid tariffs and geopolitical tensions, according to a senior executive at Deutsche Bank. Companies and investors have increased their exposure to China and hedged against the US dollar as they adjusted their supply chains and portfolios…
To investors worried about the direction of volatile markets over the next few weeks, fear not. I have some good news for you. The impact of US President Donald Trump’s tariff tantrum is abating. The markets are back to normal – at least for now. But to understand why markets have somewhat recovered, albeit temporarily,…
Europe has some leading companies in the field of less advanced microchips, including Germany’s Infineon, the Dutch NXP and French-Italian STMicroelectronics. These firms cater to the needs of Europe’s powerful car industry. But the auditors wrote that demand in Europe “is currently growing more quickly than EU-based chipmakers can supply it.” In 2024, the EU…
Cathay Pacific Airways’ passenger traffic levels grew by 19.8 per cent year on year in March, with Hong Kong’s flag carrier anticipating uncertainties for its cargo business amid sweeping US tariffs. The airline said on Wednesday that March had been a “quieter month” in terms of travel business, recording about 2.26 million passengers for the…
China’s efforts to deepen economic ties with Vietnam was likely part of a plan to “screw” the US, American President Donald Trump suggested on Monday while discussing tariffs and possible exemptions for automobiles and auto parts. “I don’t blame China. I don’t blame Vietnam. I don’t. I see they’re meeting today. Is that wonderful? That’s…
WASHINGTON (TNND) — A tit-for-tat trade war with China has continued to escalate this week with tariffs between the world’s two largest economies eclipsing well over 100% as Washington and Beijing refuse to back down in a fight that will have ripple effects on the rest of the world. China announced on Friday it was…
Tariffs imposed by the US will inevitably have a short-term impact on Hong Kong as an international trading hub, the city’s finance chief said, as he vowed to prepare for the worst and take action to support businesses. Financial Secretary Paul Chan Mo-po weighed in on the sweeping tariffs for the second straight day on…
Chinese Premier Xi Jinping assembled a group of global business leaders in an effort to protect supply chains. Jinping had a meeting with a group of executives including Rajesh Subramaniam of FedEx, Ola Källenius of Mercedes-Benz and Georges Elhedery of HSBC, where he asked them to protect supply chains, according to Financial Times. “We hope…
DETROIT (AP) — President Donald Trump’s 25% tariffs on autos not made in the U.S. and certain auto parts are sending more tremors through an industry already being pummeled by steel and aluminum import duties and on-again, off-again 25% levies on Canada and Mexico. The new tariffs, announced Wednesday, are likely to jack up new…
Satellite technology that can track hundreds of millions of shipping containers around the world has been successfully tested by Chinese military scientists, in a huge leap forward in monitoring global supply chains. Developed by researchers with the National University of Defence Technology (NUDT) in Changsha, the technology centres on the Tiantuo-5 satellite – a compact,…