China customs officers raising a Chinese flag during a rehearsal for a flag-raising ceremony in Shanghai. Qilai Shen | Bloomberg | Getty Images Chinese exchange-traded funds saw a “staggering” growth in the last five years, with inflows consistently notching new highs, according to Morningstar. “Annual inflows to China ETFs surged almost fivefold over the past … Read more
Japan’s Prime Minister Fumio Kishida (R) greets Philippines’ President Ferdinand Marcos Jr. during their bilateral meeting, on the sidelines of the ASEAN-Japan Summit, at the prime minister’s official residence in Tokyo on December 17, 2023. Franck Robichon | Afp | Getty Images Japan and Philippines’ defense pact signed on Monday seeks to counter China’s increasing … Read more
After major investor Volvo decided to decrease its stake and cut funding for Polestar early this year, the EV company went in search of $1.3 billion of new funding. It raised a $950 million lifeline three-year loan from a banking syndicate led by BNP Paribas, and told investors it has plans to continue raising the … Read more
Workers producing garments at a textile factory that supplies clothes to fast fashion e-commerce company Shein in Guangzhou in southern China’s Guangdong province. Jade Gao | Afp | Getty Images The rise of Asian fast fashion retailer Shein already has Amazon on alert, but its plans of selling proprietary supply-chain technology and services to companies … Read more
Sydney Building take from Cremorne Point. Brook Attakorn | Moment | Getty Images Asia-Pacific markets opened mixed on Tuesday, after the S&P 500 and the Nasdaq Composite closed at record highs overnight. Japan’s Nikkei 225 rose 1.11%, while the Topix rose 0.38%. South Korea’s Kospi inched up 0.06% as shares of heavyweight Samsung Electronics gained … Read more
There’s a 40% chance President Joe Biden will not seek reelection, according to Stifel. Brian Gardner, the firm’s chief Washington policy strategist, is out with a research note that calls it a “make or break week” for the president’s campaign as Congress returns from its Fourth of July recess. “There’s a 60% chance, more likely … Read more
The government is likely to review foreign direct investment (FDI) caps for critical sectors like defence, insurance, and plantations, examining processes that could be streamlined for a more efficient investment regime, reported The Times of India. This response aims to address stagnating FDI flows into India, despite the country promoting itself on ‘China Plus One’ … Read more
Sri Lanka has decided to lift from next year a ban on the visit of foreign research ships imposed after strong security concerns raised by India and the US following frequent docking requests from hi-tech Chinese surveillance vessels, the Japanese media reported. The change in position was conveyed by visiting Sri Lankan Foreign Minister Ali … Read more
China’s central bank refrained from gold purchases to its reserves for a second consecutive month in June, official data showed on Sunday. The pause by the People’s Bank of China (PBOC) started in May, when spot gold prices hit a record high. The previous 18 months of consistent buying by the PBOC, along with demand … Read more
MANILA, Philippines — Last month, China’s coast guard attacked Filipino troops with axes and knives, ramming vessels on a routine mission to resupply a Philippine outpost on a disputed shoal in the South China Sea and severing the thumb of one sailor. A week later, the Philippines found itself bracing for the United States — … Read more
