Archive for April 17th, 2019

Business Briefs 17 April 2019

17-Apr-2019 Intellasia | | 9:15 AM

* Global ratings agency Standard & Poor’s has upgraded the long term issuer credit rating of the Bank for Investment and Development of Vietnam (BIDV) by one notch [...]
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Asian shares advance as Shanghai rebounds from early losses

17-Apr-2019 Intellasia | AP | 6:38 AM

World shares advanced Tuesday, led by a rally in Chinese markets. Upbeat home price data from China and encouraging talk from the White House on trade negotiations with [...]
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Asian markets rise as attention turns to China growth data

17-Apr-2019 Intellasia | AFP | 6:38 AM

Asian markets rose Tuesday after a slow start to the day, as investors brushed off a weak lead from Wall Street while looking ahead for the release of Chinese growth data. [...]
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Mahjong club shareholder in HK seriously injured in knife attack after two sons beaten up at Mong Kok venue

17-Apr-2019 Intellasia | South China Morning Post | 6:38 AM

A shareholder of a private mahjong club in Mong Kok was seriously injured in a predawn knife attack on Tuesday three hours after his two sons were beaten up by four [...]
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HK Airlines expands board as it seeks fresh funds to survive

17-Apr-2019 Intellasia | Reuters | 6:38 AM

Hong Kong Airlines (HKA) ex-director Zhong Guosong has been appointed its chair as part of a board expansion aimed at turning around the struggling company, formerly [...]
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Troubled HK Airlines gets lifeline again from authorities for more time to present fifth finance plan, as it vows to keep flights going over Easter

17-Apr-2019 Intellasia | South China Morning Post | 6:38 AM

The government has thrown Hong Kong Airlines another lifeline with more time to come up with a coherent restructuring plan, as the indebted carrier pledged to keep flights [...]
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Think twice before using kitchen paper towels? Alarming bacteria count found in some brands, HK Consumer Council says

17-Apr-2019 Intellasia | South China Morning Post | 6:38 AM

One of the most common items in every Hong Kong kitchen can be a breeding ground for bacteria with a risk of transmission to cooked food, according to results of tests [...]
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HK’s dollar millionaires swell at the slowest pace since 2014, due to trade war-induced bear market

17-Apr-2019 Intellasia | South China Morning Post | 6:38 AM

The ranks of Hong Kong’s US dollar-denominated millionaires grew at their slowest pace since 2014, as the US-China trade war weighed on financial markets and depressed [...]
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Biotech group Chi-Med plans HK listing of up to $500 million: sources

17-Apr-2019 Intellasia | Reuters | 6:38 AM

Biotech company Hutchison China MediTech, known as Chi-Med, has filed for a Hong Kong listing, which four sources close to the matter said could raise up to $500 million. [...]
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HK domestic worker fired for cancer awarded damages

17-Apr-2019 Intellasia | AFP | 6:38 AM

A domestic worker sacked after a cancer diagnosis was awarded damages by a Hong Kong court Monday, in a case that highlighted exploitation of foreign women toiling as maids [...]
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‘Numerous’ Chinese warplanes transit Bashi Channel south of Taiwan

17-Apr-2019 Intellasia | The Hill | 6:38 AM

A senior US official on Monday denounced Chinese military exercises around Taiwan as “coercion,” Reuters reported. “Any attempt to influence Taiwan through [...]
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Foxconn chair mulls presidential bid; plans to withdraw from daily ops

17-Apr-2019 Intellasia | Reuters | 6:38 AM

Foxconn’s Chair Terry Gou said on Tuesday he is considering whether to run for Taiwan’s 2020 presidential election, a day after Reuters reported the tycoon [...]
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Taiwan president says island not intimidated by Chinese military drills

Taiwan president says island not intimidated by Chinese military drills

17-Apr-2019 Intellasia | Reuters | 6:38 AM

Taiwan is not intimidated by China’s military drills this week, President Tsai Ing-wen said on Tuesday, after the latest Chinese military manoeuvres were denounced by a [...]
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Korea, Taiwan benefit most from trade deal

17-Apr-2019 Intellasia | Asia Times | 6:38 AM

China’s equity market was the world’s surprise performer, for reasons few analysts anticipated. The crowded trade at the beginning of 2019 assumed an early [...]
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Taiwan’s Foxconn chief hints at presidential run

17-Apr-2019 Intellasia | AFP | 6:38 AM

Tech giant Foxconn’s boss Terry Gou hinted Tuesday that he is considering running for president of Taiwan in elections early next year. The 69-year-old said Monday that [...]
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