Naphjas Inc. |

13 Mar Standard Chartered CEO contender Cooper to leave in overhaul as UK bank changes top Greater China jobs

Posted at 03:45h in Asia

A frontrunner to replace Standard Chartered Chief Executive Officer Bill Winters is set to depart as the emerging markets lender pushes through a broader management reshuffle to boost returns.Simon Cooper, who has led the firm’s corporate, commercial and institutional banking division for eight years, will...

13 Mar Intel still sells to Huawei millions of dollars’ worth of advanced chips, while AMD receives no such licence: sources

Posted at 02:53h in Asia

Intel’s ability to hang on to a licence to sell chips while a rival could not obtain similar permission demonstrates the uneven and uncertain terrain companies face as the US seeks to limit Beijing’s access to sophisticated American technology, especially to a heavily sanctioned company...

13 Mar Li Auto, BYD put Hong Kong stocks on course for best run in 5 months as buying persists

Posted at 02:48h in Asia

Hong Kong stocks rose for a fourth day, the best winning streak in five months, as mood perked up after the main equity gauges broke through some key technical barriers.The Hang Seng Index rose 0.3 per cent to 17,143.34 as of 9.59am local time. The...

13 Mar South Korea to review risky financial products after China market slump triggers more than US$4 billion in losses

Posted at 02:01h in Asia

South Korea to review risky financial products after China market slump triggers more than US$4 billion in lossesSouth Korea plans to review the sale of potentially high-risk investments after a probe found that banks mis-sold China-linked structured products to retail investors who are facing more...

13 Mar Hong Kong-listed companies pour spare cash into stock buy-backs, washing away the red ink from Hang Seng Index

Posted at 01:30h in Asia

Companies listed on the Hong Kong stock exchange have accelerated their share buy-back programmes as a means to deploy spare cash and boost investor confidence, a move that has propelled the stocks benchmark to a three-month high, erasing all of its year-to-date-losses.Companies trading in Asia’s...

13 Mar Hong Kong’s waste problem demands opening market to investment, circular-economy models: China Everbright Environment

Posted at 00:30h in Asia

Hong Kong should open its environment-protection market further and introduce circular waste-treatment models, according to China Everbright Environment Group, the world’s largest waste-to-energy project developer.The city is too reliant on landfills, and the government expects the existing ones to be full by 2026 – just...

13 Mar Stablecoin sandbox launches in Hong Kong, as companies make plans for cryptocurrencies pegged to local currency

Posted at 00:00h in Asia

Hong Kong’s de facto central bank has announced the launch of a stablecoin “sandbox”, allowing companies to trial cryptocurrency tokens pegged to fiat currency in the city, the Hong Kong Monetary Authority (HKMA) announced on Tuesday.The purpose of the sandbox is to allow for stablecoin...

EY: no ‘significant bounce-back’ in M&A activity even though private equity is still ‘very positive’ about China; Japan, India to lead regional rebound

12 Mar EY: no ‘significant bounce-back’ in M&A activity even though private equity is still ‘very positive’ about China; Japan, India to lead regional rebound

Posted at 23:30h in Asia

Mergers and acquisitions (M&A) activity in the Asia-Pacific region is expected to bounce back by around 10 per cent in the second half of this year after a lacklustre 2023, with India and Japan likely to emerge as winners, Yew-Poh Mak, Asia-Pacific strategy and transactions...

12 Mar Bilibili targeting more collaboration with e-commerce advertisers to drive growth at video-sharing platform

Posted at 12:30h in Asia

China’s video-sharing platform Bilibili has added cross-platform links to Alibaba Group Holding’s online shopping platform Taobao in the latest attempt to pull in more revenue from its 100 million daily active users (DAUs).Bilibili, which is still in the red since going public on Nasdaq in...

12 Mar Apple to expand applied research labs in Shanghai and Shenzhen as iPhone sales weaken in world’s largest smartphone market

Posted at 11:30h in Asia

Apple is enlarging its applied research operations in mainland China, as the US technology giant’s iPhone sales slow in the world’s largest smartphone market amid increased competition from Huawei Technologies and other major domestic handset vendors.Cupertino, California-based Apple plans to expand its research centre in...

Asia