Archive for December, 2018

Trade wars cost US, China billions of dollars each in 2018

Trade wars cost US, China billions of dollars each in 2018

31-Dec-2018 Intellasia | Reuters | 7:08 AM

The US-China trade war resulted in billions of dollars of losses for both sides in 2018, hitting industries including autos, technology: and above all, agriculture. Broad [...]
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HKMA fines JPMorgan HK branch over anti-money laundering lapses

31-Dec-2018 Intellasia | Reuters | 6:00 AM

The Hong Kong Monetary Authority (HKMA) said on Friday that it had fined the Hong Kong branch of JPMorgan Chase & Co HK$12.5 million ($1.60 million) and reprimanded it [...]
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HK student tried to have sex with 12-year-old girl, pleads guilty to indecent assault

31-Dec-2018 Intellasia | South China Morning Post | 6:00 AM

A Hong Kong student who thought it was “within the law to make out” with a 12-year-old has pleaded guilty in court to indecent assault. The District Court heard [...]
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HK to strengthen measures against African swine fever, after pressure from local farmers

HK to strengthen measures against African swine fever, after pressure from local farmers

31-Dec-2018 Intellasia | South China Morning Post | 6:00 AM

Hong Kong will strengthen its protections against African swine fever after officials came under pressure from farmers amid fears of local infection. The new measures, in [...]
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Communication woes between ethnic minority patients and HK doctors spark call for better health care training

31-Dec-2018 Intellasia | South China Morning Post | 6:00 AM

Yousaf Akbar, 40, came to Hong Kong from Pakistan in the late 1980s, but since last year, he has been spending time between the bed and a wheelchair at home. He relies on [...]
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Home prices in the world’s most expensive market are tumbling

31-Dec-2018 Intellasia | Bloomberg | 6:00 AM

Hong Kong’s property market reached unfathomable heights in 2017, but prices started falling back to earth in 2018. Goldman Sachs projects a 15 to 20 percent decline in [...]
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Draft revision of Immigration Act simplifies residency rules

31-Dec-2018 Intellasia | CNA | 6:00 AM

The Ministry of the Interior (MOI) has finalised a draft amendment to the Immigration Act that seeks to simplify the administrative procedures when foreign nationals apply [...]
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Economy shows signs of moving closer to recession

31-Dec-2018 Intellasia | CNA | 6:00 AM

The economy is showing signs of moving closer to recession, with an index gauging the economic climate falling to the lower end of a range pointing to sluggishness, which has [...]
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Smuggling charges cap chaotic year for family behind Korea’s flagship airline

31-Dec-2018 Intellasia | Telegraph | 6:00 AM

The matriarch behind Korea’s largest airline and her two daughters are facing arrest on smuggling charges, capping a tumultuous year for Korean Air and raising new [...]
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N Korea Sidesteps UN Sanctions To Help Its Economy

N Korea Sidesteps UN Sanctions To Help Its Economy

31-Dec-2018 Intellasia | Pymnts | 6:00 AM

North Korea, hurt by US and UN sanctions, has found creative workarounds to aid the country’s economy, according to a report in The Wall Street Journal. In one [...]
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China allows first-ever US rice imports ahead of trade talks

China allows first-ever US rice imports ahead of trade talks

31-Dec-2018 Intellasia | Reuters | 6:00 AM

China has opened the door to imports of rice from the United States for the first time ever in what analysts took to signal a warming of relations between the world’s [...]
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Third prototype of China’s C919 jet completes first test flight

31-Dec-2018 Intellasia | Reuters | 6:00 AM

A third prototype of China’s home-built C919 narrowbody passenger jet completed its first test flight on Friday, its manufacturer said, in another step forward in the [...]
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Makers of Chinese herbal ‘anti-cancer drink’ investigated after death of 7 year-old girl

31-Dec-2018 Intellasia | The Telegraph | 6:00 AM

A manufacturer of Chinese herbal healthcare products is under investigation after a debate about its hand in the death of a seven-year-old cancer patient were reignited in [...]
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Chinese healthcare products maker Quanjian under investigation over girl’s death in 2015

31-Dec-2018 Intellasia | AFP | 6:00 AM

A Chinese healthcare products maker is under investigation over allegations of false marketing tied to the death three years ago of a four-year-old girl who used the [...]
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Is China buying US soy? Washington shutdown keeps traders guessing

Is China buying US soy? Washington shutdown keeps traders guessing

31-Dec-2018 Intellasia | Reuters | 6:00 AM

Commodity traders are in the dark because of the partial US government shutdown, unable to see weekly reports of agricultural exports to obtain clues as to whether China is [...]
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