Economic news

BEIJING- China will start issuing overseas dollar sovereign bonds on Tuesday and the expected size will surpass the $3 billion record last 2018, Chinese finance ministry official stated. “The size of issuance will surpass that of previous years,” according to the official. Chinese Finance ministry is yet to disclose further details about the implementation which […]

France’s 5G spectrum is set to be sold at a floor price of 2.17 billion euros ($2.4 billion), which is significantly bigger than the amount formerly suggested by Arcep, France’s telecoms regulator. Arcep’s president Sébastien Soriano, who has been leery of large investments to fund the deployment of the new mobile technology, said that the […]

SHANGHAI- Hong Kong stocks recovered from weeks of underperformance following elections. Rekindled hopes over the possibility of US and China signing the deal soon heavily contributed to the said hike.   The Hang Seng index acquired 1.8% gains to 27,062.53 points while Hong Kong China Enterprises Index rose with 1.5% to 10,661.04. US President Donald Trump […]

HP Inc again reiterated that it would reject Xerox’s offer to buy the company for the value of $33.5 billion for cash and stock. In addition to this, HP Inc said the offer “significantly undervalues HP.” The computer manufacturer said that it rebuffed Xerox’s proposal but opened the bid for exploration. Xerox offered $22 per […]

Asian shares gain stable ground as mood favors trade Asian shares gained stable ground on Monday as Investors placed hopes for some progress on the Sino-U.S trade dispute. U.S. national security adviser Robert O’Brien said On Saturday that an initial trade agreement with China is still possible by the end of the year. However, he […]

U.S. to resume Chinese chicken exports following approval for processing plants The U.S. moved closer to resuming lucrativce chicken exports to China after more than a hundred American processing plants were given approval to ship to the Asian nation. China authorized poultry imports from 172 facilities in the U.S. effective Friday, according to a notice […]

SINGAPORE-Majority of industrial metals increased in prices on Monday as China and US trade deal optimism reemerged after weeks of market anxiety.   The signing of ‘phase one’ could happen by the end of this year, a senior US official said over the weekend after Chinese President Xi Jinping and US President Donald Trump disclosed […]

Phase 2 of the U.S.-Sino trade deal is looking less probable as officials of both parties bared. This is after the “phase 1” agreement is not settled by the two countries. U.S. President Donald Trump said during his conference with Chinese vice Premier Liu He in October that he wanted to have a “phase 2” […]

Global private equity group KKR & Co has raised almost $1.5 billion, 50% of its $3 billion target on its first Asia-focused infrastructure fund, according to a source knowledgeable with the matter. KKR launched its fundraising this year but began targeting Asia’s infrastructure sector one year ago. The source asked not to be identified as […]

Nov. 22 Australian shares recorded a well-ended session on Friday enforced by gains in energy and mining stocks. However, worries dragged financial sector down following Goldman Sachs’ decision of cutting its target price on Westpac. Such met a lawsuit over financial violation. The S&P/ASX 200 index inched higher with 0.6% at 6,709.80 while recording its […]