Standard Chartered’s first-quarter profit beat expectations, as the bank placed a greater focus on wealth management in the face of lower interest rates and rising bad debt provisions. Net profit rose 13 per cent in the first three months of 2025 to US$1.59 billion, or 62.7 US cents per share, from US$1.4 billion last year,…
US President Donald Trump‘s sky-high tariffs imposed in China have started making an impact even though China puts up a brave front. Tariffs have struck when China’s economy is struggling to fully recover from the pandemic effects and is also grappling with sluggish domestic demand and a protracted property sector crisis.China’s leaders are downplaying the…
Negative equity cases in Hong Kong’s real-estate market hit a new high, according to official data released on Wednesday, as elevated interest rates continued to weigh on property prices. The number of homes whose value sank below what their owners were paying for their mortgages rose 6.1 per cent to 40,741 cases in the first…
Negative equity cases in Hong Kong’s real-estate market hit a new high, according to official data released on Wednesday, as elevated interest rates continued to weigh on property prices. The number of homes whose value sank below what their owners were paying for their mortgages rose 6.1 per cent to 40,741 cases in the first…
Taipei, Taiwan – When United States President Donald Trump began his first term in 2017, he set about implementing Washington’s most hawkish economic policy toward China in decades. In the first 100 days of his second term, Trump has taken Washington’s confrontation with Beijing to greater heights still, laying out a staunchly protectionist trade agenda…
MUMBAI, – China will not dump its goods in other countries due to its trade and tariff war with the U.S., Beijing’s ambassador to India, Xu Feihong, wrote in an article on Tuesday, trying to allay fears of cheap Chinese goods flooding other markets. Beijing will not engage in market dumping, China’s ambassador to India…
After United States President Donald Trump suspended his “reciprocal tariffs” on major US trading partners on April 9, he ramped them up on China’s goods. US trade levies on most imports from China have climbed to 145 percent. Beijing retaliated with duties of its own, at 125 percent on US goods. Trump has long accused…
The days of high US stock valuations are over, says Bank of America’s Chief Investment Strategist Michael Hartnett. Since 2020, investors have been willing to pay a premium relative to S&P 500 company earnings. So-called price-to-earnings ratios have been elevated thanks to mammoth stimulus efforts amid the pandemic and excitement around artificial intelligence developments. The…
The US trade war has not had a significant impact on Macau, but the city will explore more business opportunities in Southeast Asian countries to diversify its economy, its leader has said. Macau Chief Executive Sam Hou-fai said in a media briefing on Sunday that while the city would inevitably be affected by the US…
As the world watches tariff brinkmanship unfold between the US and China, analysts have cast doubt on the truth of US President Donald Trump’s claim in a magazine interview that China’s President Xi Jinping called him. Mr Trump told Time magazine that tariff talks were taking place between the US and China, an assertion he…