Ride-hailing giant Didi to delist from New York Stock Exchange
Move comes after company ran afoul of Chinese authorities by pushing ahead with a $4.4bn US IPO in July.
Category Archives: Economy
Japan services sector grows at fastest pace since 2019
World's third-largest economy has lagged other rich nations in its recovery from the COVID-19 pandemic.
Asia misses global recovery of air travel, as IATA condemns bans
Asia-Pacific only region to see almost no improvement in air travel amid fears new bans will derail global recovery.
Australia announces inquiry into tech giants
Prime Minister Scott Morrison says big tech firms have responsibility to ensure their platforms are safe.
Japan’s factory output grows at fastest pace since 2018
Manufactory output improves amid an easing of critical supply bottlenecks.
In Thailand, Myanmar exodus a lifeline for COVID-battered economy
Undocumented migrants are filling labour shortages in Thailand as economy rebounds from worst downturn since 1997.
South Korea raises rates amid household debt, inflation concerns
Bank of Korea lifts borrowing costs by 25 basis points to 1 percent.
JPMorgan CEO takes back joke about China’s Communist Party
Jamie Dimon expressed regret over joke as bank sets sights on growth in China.
Alibaba, Tencent, Baidu fined by China’s competition watchdog
Tech firms ordered to pay $3.4m for 43 antitrust violations amid crackdown on monopolies.
After Biden-Xi summit, what next for US-China trade war?
Reductions in tariffs possible down the line, but no return to pre-Trump status quo, analysts say.
Murdoch accuses Google, Facebook of silencing conservatives
Media mogul calls for 'significant reform' of tech giants during annual shareholder meeting.
As food and energy prices soar, Sri Lankans go without
Sri Lankan government's efforts to hold on to foreign exchange reserves blamed for creating shortages of basic goods.
FedEx to shut crew base in Hong Kong amid tightening COVID rules
Move comes as international cargo hub doubles down on a strict 'zero COVID' policy to align with mainland China.
Google commits $736m in Australia after threatening pull-out
Tech giant unveils plans to establish research hub after threatening to drop services over tougher regulation.
China’s property crackdown sinks economic growth to 90s levels
Banks cut 2022 growth forecasts below 5 percent as Beijing continues push to reduce dependence on real estate.
China’s economy bests expectations amid property market fears
Industrial output in October beats economists' forecasts, rising 3.5 percent.
As Beijing cracks down, Hong Kong’s media hub status in balance
The denial of a visa for an Australian correspondent is the latest blow to the city's reputation for press freedom.
China’s Singles Day posts record sales of $84.5bn
World's largest shopping event offers vote of confidence in Chinese economy amid COVID and real estate woes
China-US declaration on climate only first step, analysts say
Sparse content of declaration leaves questions over commitments of the world's top two carbon polluters.
Why is Taiwan using APEC to lobby to join the CPTPP trade pact?
The self-ruled island is pushing to join one of the world's largest free-trade areas amid tensions with Beijing.