Latest: Asia Stock Market News
HSBC and Ping An executives plan to meet in mid-May to discuss the insurer's proposal for the bank to spin off its Asian business, according to a source.
The announcement follows news that Sri Lanka has extended a credit line with India by $200 million in order to procure emergency fuel stocks
The secretive deals put the spotlight on how importers keep off established routes to buy Russian oil at cheap rates
Comparable sales in China declined 23%, reversing the rapid expansion there in recent years and overshadowing 12% growth in North America and 7% globally
The first quarter figure is the largest quarterly sum ever and more than double the level seen in the same period a year ago, according to data from Pitchbook
The Tesla head is also trying to talk private equity funds to pitch in for the $44 billion acquisition and reduce his need for loans, the Journal said
A Harvard tech researcher has questioned the view that China shot itself in the foot by cracking down on its tech giants, saying a closer look shows it could advance their national interests
The Weibo and WeChat accounts of Hong Hao, a prominent Hong Kong analyst, were blocked on Saturday after a series of downbeat comments amid China's stock markets slump
Hong Kong bucked the trend across the region finding some minor gains but Sydney, Seoul and Taipei suffered as fears over global growth and inflation dominated
HSBC shares added 1.85% in morning trade, outperforming a flat local market. Top investor Ping An urged the bank to look at options such as spinning off its Asian business
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With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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Oil & GasIndia Is Likely Exporting Refined Russian Oil to the WestIndia’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.
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MarketsApple Asks Suppliers in Taiwan to Meet China Label StandardsUS tech giant Apple told its Taiwan suppliers that products moving to China must be labelled to state that the island is a part of China and not an independent nation
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MarketsIndian-Owned Tech Firms See Sharp Growth in UKDespite a moribund British economy and heavy corporate tax, Indian-owned tech firms are growing in the UK.
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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