BlackRock, the asset manager at the centre of a deal to buy US$23 billion in port assets from Li Ka-shing’s CK Hutchison Holdings, has about US$15.5 billion invested in Hong Kong and mainland-listed stocks through its China-focused funds, with its portfolios concentrated on technology and financial companies. According to its website, the world’s largest money…
China’s manufacturing activity improved at the fastest pace in four months, according to a private survey, a surprising show of resilience that will be tested as Donald Trump prepares to raise tariffs further on exports into the US. The Caixin manufacturing purchasing managers index rose to 51.2 in March from 50.8 in February, according to…
All three major indices on Wall Street fell sharply to end the week as a new report showed prices are rising faster than expected and consumers are pulling back.Economists say this report reveals consumer anxiety, especially with tariffs. President Donald Trump believes his tariffs will boost prosperity, but many Americans aren’t so sure.Inflation fears drove…
The GM logo is seen on a water tank of the General Motors assembly plant in Ramos Arizpe, in Coahuila state, Mexico February 11, 2021. Daniel Becerril | Reuters As auto stocks reacted to the latest tariff announcement out of Washington, D.C., on Thursday, General Motors took the brunt of the hit. Shares of GM…
Here Comes The Sun: Author Delia Owens, Reese Witherspoon, and “Afro-Atlantic Histories” exhibit – CBS News Watch CBS News Author Delia Owens discusses her new novel “Where the Crawdads Sing” with Lee Cowan. Reese Witherspoon talks about her love for the novel and her experience producing the film adaptation. Also, Rita Braver visits the new…
Tycoon Li Ka-shing’s CK Hutchison Holdings and the Hong Kong government are discussing “a reasonable way out” with a week to go until the deadline for sealing a controversial deal to sell its two Panama ports to a consortium led by US investment firm BlackRock, the Post has learned. Sources said on Wednesday that the…
The US is picking up the pace of export restrictions and more could soon be on the way, a Chinese observer said on Wednesday after the White House ordered the first Trump 2.0 tech export controls against China. US President Donald Trump could also be using the controls to extract tangible gains, aligning with his…
A period of peak magnetic storms on the sun could lead to another show of northern lights on Earth on Saturday and Sunday, forecasters say. Make sure you don’t miss them. Unforgettable northern lights display recorded before lunar eclipse Spectators took stunning videos of a green aurora glowing overhead in Fairbanks, Alaska. Anybody interested in…
President Trump to speak with Putin about ceasefire negotiations President Donald Trump said he will speak to Russian President Vladimir Putin about potential ceasefire negotiations. WASHINGTON – Russian President Vladimir Putin prayed for President Donald Trump after Trump was shot at a rally last year, special envoy Steve Witkoff said on Friday. Trump, then a…
Southeast Asian countries now recognise they may have no choice but to take sides in the Sino-American rivalry, at least in certain sectors, even as they seek to avoid that dilemma, a US congressional advisory panel heard on Thursday. Moreover, this reality should prompt Washington to adopt a sector-by-sector approach to the region and shape…