China Tower joins growing list of subdued Hong Kong IPO debuts
China Tower Corp Ltd’s shares closed flat on their debut in Hong Kong on Wednesday, with escalating Sino-U.S. trade tensions dragging on investor sentiment toward the world’s biggest initial public offering (IPO) in two years.
Bumper U.S. earnings, China stimulus hopes keep world shares at one-week high
World shares held near one-week highs on Wednesday, supported by robust U.S. earnings and expectations of additional stimulus from Beijing that could temper the impact of China’s simmering trade dispute with the United States.
Seeking new growth drivers, Samsung plans $22 billion spending on new tech
Samsung Group will invest 25 trillion won ($22 billion) in artificial intelligence, 5G mobile technology, electronic components for autos, and the biopharmaceutical business in pursuit of new growth areas, Samsung Electronics said on Wednesday.
China soybean prices spike as trade war worries feed supply fears
China’s soybean and soymeal prices jumped on Wednesday, with beans posting their biggest daily gain in a decade, as data showing a drop in soybean imports stirred supply concerns as a bitter trade dispute between Washington and Beijing plays out.
Chinese exports accelerate even as Trump escalates trade war
China’s exports surged more than expected in July despite U.S. duties and its closely watched surplus with the United States remained near record highs, as the world’s two major economic powers ramp up a bitter dispute that some fear could derail globa…
China’s commerce ministry losing staff as trade war rages
The Chinese commerce ministry is seeing a “serious” churn in staffing, partly due to low salaries, state-backed tabloid Global Times reported, citing recent inspections by the country’s anti-graft watchdog.
Glencore reports 23 percent rise in profit
Glencore on Wednesday reported a 23 percent rise in first-half earnings and a 12 percent increase from its trading division while noting higher production costs for copper and zinc and a still volatile market.
China’s iron ore imports rise in July despite pollution curbs
China’s iron ore imports rebounded in July, customs data showed on Wednesday, buoyed by record steel production and strong margins as official measures to cut pollution curb the output of cheaper products from small mills.
Asian shares up for fourth day on solid US earnings, China stimulus hopes
Asian shares extended their recovery into a fourth day on Wednesday, buoyed by strong U.S. earnings and expectations that Beijing will ramp up fiscal stimulus to cushion the impact of its worsening trade dispute with Washington.
Samsung Group pledges $22 billion spend on new technology in push for growth
Samsung Group will invest 25 trillion won ($22 billion) over three years in artificial intelligence, 5G mobile technology, electronic components for autos, and the biopharmaceutical business, Samsung Electronics said on Wednesday.
