Archive for August 8th, 2020

US-China tensions weigh on European stocks

08-Aug-2020 Intellasia | Yahoo Finance UK | 6:50 AM

European stock markets were mixed on Friday morning, as flaring tensions between the US and China offset solid economic data across the continent. Friday morning saw [...] » More

Trump steps up Chinese tech war with new TikTok and WeChat executive order

08-Aug-2020 Intellasia | Yahoo Finance UK | 6:50 AM

US president Donald Trump has signed executive orders that ban US businesses from doing any transactions with the Chinese owners of TikTok and WeChat. The announcement comes [...] » More

World’s fastest growing fortune is a Chinese pharma tycoon

08-Aug-2020 Intellasia | Bloomberg | 6:50 AM

In the fight against the coronavirus, a vaccine trial is almost always a boost for pharma stocks. Chongqing Zhifei Biological Products Co. shares have surged 80 percent since [...] » More

Trump preps bans on WeChat, TikTok, stoking tension with Beijing

Trump preps bans on WeChat, TikTok, stoking tension with Beijing

08-Aug-2020 Intellasia | Reuters | 6:50 AM

US President Donald Trump has unveiled sweeping bans on US transactions with the Chinese owners of messaging app WeChat and video-sharing app TikTok, escalating a high-stakes [...] » More

Pentagon chief expresses concern to Chinese counterpart about Beijing’s activity in South China Sea

Pentagon chief expresses concern to Chinese counterpart about Beijing’s activity in South China Sea

08-Aug-2020 Intellasia | Reuters | 6:50 AM

US Defense Secretary Mark Esper expressed concerns about Beijing’s “destabilising” activity near Taiwan and the South China Sea in a call with Chinese [...] » More

Tencent shares slump on Trump’s WeChat order

08-Aug-2020 Intellasia | The Telegraph | 6:50 AM

Chinese tech and media giant Tencent saw $30bn (GBP 22bn) wiped off its value on Friday after Donald Trump escalated tensions with Beijing by announcing a ban on its social [...] » More

Google deletes 2,500 China-linked YouTube channels over disinformation

08-Aug-2020 Intellasia | TheGuardian | 6:50 AM

Google says it has deleted more than 2,500 YouTube channels tied to China as part of its effort to weed out disinformation on the video-sharing platform. The Alphabet-owned [...] » More

PBOC advances ‘digital central bank’ strategy with fintech unit

08-Aug-2020 Intellasia | Nikkei | 6:50 AM

The People’s Bank of China (PBOC) has taken another step forward in its strategy to build a digital central bank, setting up a financial technology subsidiary, [...] » More

Tencent loses $35 billion as WeChat ban rocks China stocks, yuan

08-Aug-2020 Intellasia | Bloomberg | 6:50 AM

The Trump administration’s move to ban US residents from doing business with Tencent Holdings Ltd’s WeChat app rippled through Chinese markets, erasing $34.6 [...] » More

China launches new optical remote-sensing satellite

China launches new optical remote-sensing satellite

08-Aug-2020 Intellasia | Xinhua | 6:50 AM

China successfully launched a new optical remote-sensing satellite from the Jiuquan Satellite Launch centre in northwest China at 12:01 p.m. Thursday (Beijing Time). The [...] » More

China’s new yuan loans expected to fall in July: Reuters poll

08-Aug-2020 Intellasia | Reuters | 6:50 AM

China’s new bank loans are expected to fall in July after record lending in the first half of the year, but are still likely to be higher than a year earlier, amid [...] » More

2 Chinese generals dissect Xi Jinping’s US policy, push for a relook

08-Aug-2020 Intellasia | HindustanTimes | 6:50 AM

General Dai said that traditionally, China and the US had a very close trade relationship, but the Trump administration has now branded the country a trade terrorist and a [...] » More

‘They just pull up everything!’ Chinese fleet raises fears for Galapagos sea life

08-Aug-2020 Intellasia | TheGuardian | 6:50 AM

A vast fishing armada off Ecuador’s biodiverse Pacific islands has stirred alarm over ‘indiscriminate’ fishing practices Jonathan Green had been tracking a [...] » More

China’s exports rose 7.2pct on-year in July due to demand for medical supplies

08-Aug-2020 Intellasia | CNBC | 6:50 AM

China’s dollar-denominated exports rose 7.2 percent while imports fell 1.4 percent from a year ago, data from the country’s general Administration of Customs [...] » More

Factbox: Taiwan, China and the United States

08-Aug-2020 Intellasia | Reuters | 6:50 AM

The United States is negotiating the sale of at least four sophisticated aerial drones to Taiwan for the first time, sources told Reuters, in a deal that is likely to further [...] » More