Asian shares sank on Monday, the safe haven yen rose and gold jumped following a fresh escalation of violence in Hong Kong while uncertainty still remained over whether the United States and China could end their damaging trade war.
Asian shares sank on Monday, the safe haven yen rose and gold jumped following a fresh escalation of violence in Hong Kong while uncertainty still remained over whether the United States and China could end their damaging trade war. Hong Kong’s Hang Seng index led the losses in Asia, down 2.4%, after police fired live rounds at protestors on the eastern side of Hong Kong island. …read more […]
Chinese retailer Alibaba on Monday said sales for its annual Singles’ Day shopping blitz jumped 25% in the first nine hours to $23 billion, nearly two thirds of U.S. rival Amazon.com Inc’s online store sales in the latest quarter. Sales growth for the full 24-hour event, however, is likely to fall short of the year earlier, analysts said, at a time when China’s economic expansion heads toward a historic low. The event, a gauge of Chinese consumer sentiment, has also become a shop window this year for Alibaba Group Holding Ltd as the firm plans to …read more […]
Chinese retailer Alibaba on Monday said sales for its annual Singles’ Day shopping blitz jumped 25% in the first nine hours to $23 billion, nearly two thirds of U.S. rival Amazon.com Inc’s online store sales in the latest quarter.
Auto sales in China fell for a 16th consecutive month in October, with the number of new energy vehicles (NEVs) sold contracting for the fourth month in a row, data from the country’s biggest auto industry association showed.
The first South African project to bring illegal miners into the formal fold has been plagued by violence in diamond capital Kimberley, dealing a major blow to national efforts to stem a booming illicit trade. The project was launched 18 months ago in Kimberley, the site of a 19th-century diamond rush that lured fortune-seekers from the world over. The aim of the government-backed scheme was to curb illegal mining and black-market trade of diamonds, and serve as a blueprint for future attempts elsewhere in the country, not only in the diamond sector, but also potentially manganese, gold and …read more […]
Walgreens, Kohl’s and Amazon are offering special Veterans Day discounts and businesses are offering free haircuts, car washes, flu shots and more. …read more […]
Chinese e-commerce giants Alibaba and JD.com reported a total of more than $50 billion in sales on Monday in the first half of Singles Day, an annual marketing event that is the world’s busiest online shopping day. Singles Day began as a joke holiday created by university students in the 1990s as an alternative to Valentine’s Day for people without romantic partners. Alibaba, the world’s biggest e-commerce brand by total sales volume, adopted the day as a sales tool a decade ago. …read more […]
A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers’ equity positions as of the end of the three-month period […] …read more […]
Asian shares sank on Monday, the safe haven yen rose and gold jumped as fresh violence broke out in Hong Kong, while uncertainty still remained over whether the United States and China could end their damaging trade war.
The Monetary Authority of Singapore (MAS), the country’s central bank, and investment banking giant JPMorgan have developed a blockchain prototype for cross-border payments.The post Singapore’s central bank, JPMorgan develop a blockchain system for cross-border payments appeared first on The Block. …read more […]
Nov.10 — Ari Sarker, co-president for Asia-Pacific at MasterCard, discusses the launch of their “Fintech Express” platform in Asia-Pacific, how the platform works, their business strategy, blockchain technology, their pullback from Libra and his outlook for the company. He speaks on “Bloomberg Markets: Asia” from the sidelines of the Singapore FinTech Festival in Singapore. …read more […]
China’s auto industry executives met with government officials over the weekend to discuss ways to promote higher car sales in rural areas, sources familiar with the matter said.
(Bloomberg) — Japan is pursuing a 300 billion ($2.75 billion) yen project to transform disaster-struck Fukushima prefecture into a clean-energy hub, with the development’s first solar farm scheduled to start in January.Building wind and solar farms on agricultural land tainted by radiation from the 2011 Dai-Ichi plant meltdown will help rejuvenate the area, which also suffered earthquake and tsunami damage, Masashi Takeuchi, the head of the energy division at the Fukushima prefectural government, said Monday.The venture includes plans for 11 solar farms and 10 wind farms with total capacity of 600 megawatts and is scheduled for completion by March 2024. …read more […]
Oil prices fell on Monday amid renewed doubts over the prospects of a trade deal between the United States and China, while concerns over excess supplies also weighed on the market.
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