US Secretary of State Marco Rubio on Friday said there is a “high probability” of a meeting between President Donald Trump and Chinese President Xi Jinping, though no date has been set yet. Rubio made the remarks while speaking to reporters on the sidelines of the East Asia Summit and ASEAN Regional Forum in Malaysia….
European stocks rose on Friday, led by automakers, as signs of easing trade tensions between Beijing and Washington raised hopes of a de-escalation in the U.S.-led tariff war. The pan-European STOXX 600 index advanced 0.9% at 542.27 points, as of 0825 GMT. The index was on track to log its first weekly gain in three…
Tesla has signed its inaugural agreement to construct a grid-scale battery power plant in China, a report claims. This move comes amidst ongoing trade tensions between the US and China. The Elon Musk-led electric vehicle maker took to the Chinese social media platform Weibo to announce that this project, upon completion, will be the largest…
When Yan Jun was looking around last year for a stock market to raise capital for his Beijing-based traffic-control software company, the engineer and chairman thought he was spoiled for choice. He could sell shares of his 10-year-old company AICT on one of the three mainland exchanges – Beijing, Shanghai and Shenzhen – that together…
May 24, 2025 Amid rising geopolitical tensions and discussions on de-dollarisation, Hong Kong’s financial system is playing a pivotal role in promoting the internationalisation of the yuan. As reported by the South China Morning Post, the yuan’s potential to expand its global footprint is being explored by international businesses, particularly in Qatar. The affluent Middle…
Hong Kong authorities expect the mainland China’s coming five-day Labour Day “golden week” holiday to boost the average number of visitor arrivals heading to the city from across the border each day by 10 per cent. But local business leaders have set their expectations low after the retail and catering sectors performed poorly over the…
Hong Kong business leaders have set their expectations low for the Labour Day “golden week” holiday after the retail and catering sectors performed poorly over the Easter break. Their worries also stemmed from Labour Day landing on a Thursday this year, which encouraged residents to secure a five-day break for travelling outside the city by…
US markets opened on a mixed note Thursday morning as investors closely monitored ongoing signals about global trade negotiations, particularly between the United States and China.Lingering uncertainty around tariff talks, paired with cautious sentiment from key officials, continued to shape investor behaviour across asset classes.As of 9:42 AM GMT-4, US stock markets showed a mixed…
Putin’s Men Burn Ukraine’s Top Munition Plant; Zelensky ‘Panics, Begs’ For NATO Weapons | Watch Russia has launched devastating strikes on Ukraine’s most critical artillery munitions production facilities—Zvezda and Impulse—in Shostka, Sumy region. The strikes come amid a dramatic slowdown in Russia’s territorial advances, with analysts predicting a possible stall by early summer—coinciding with Trump’s…
Mar 26, 2025 Vivo, China’s leading smartphone manufacturer, is set to increase its focus on international markets, aiming for overseas sales to constitute 70% of its revenue within two years. Bloomberg reports that Vivo’s Chief Operating Officer, Hu Baishan, shared these ambitions during an interview at the Boao Asia Forum in Hainan. Currently, more than…