21 Oct

Gold Prices Inch Down Despite Brexit Worries

Gold Prices Inch Down Despite Brexit Worries

. Gold prices inched down on Monday in Asia as traders awaited more clarity on the Brexit development. British lawmakers voted on the weekend to delay a decision on Prime Minister Boris Johnson’s Brexit deal, forcing him to request a third postponement of Britain’s departure from the EU.Despite the delay, markets remained confident that a no-deal exit from th

21 Oct

China Surveillance Giant Expects Client Losses From U.S. Ban

China Surveillance Giant Expects Client Losses From U.S. Ban

-- Hangzhou Hikvision Digital Technology Co. warned it may lose customers in overseas markets because of its U.S. blacklisting, underscoring the extent to which curbs on the sale of American technology may hurt the world’s largest video surveillance business.Executives at the Chinese camera provider, which reported profit in line with estimates,

21 Oct

Hong Kong Sees Best Weekend for Home Sales Since April

Hong Kong Sees Best Weekend For Home Sales Since April

-- Hong Kong Chief Executive Carrie Lam’s plan to relax mortgage rules for first-time buyers appears to have already spurred sentiment, with the city recording its best weekend for home sales since April.The 10 biggest housing estates tracked by Centaline Property Agency Ltd. recorded 20 sales over the weekend, more than three times the weekend

21 Oct

Vietnam Targets GDP Growth of 6.8% in 2020, Prime Minister Says

Vietnam Targets GDP Growth Of 6.8% In 2020, Prime Minister Says

-- Vietnam seeks to sustain economic growth next year at about 6.8% amid a projected 7% rise in exports, Prime Minister Nguyen Xuan Phuc said.Inflation should stay below 4% in 2020, Phuc told legislators in a speech in Hanoi aired live on television. Overseas sales are set to gain 7.9% this year while inflation will likely average 2.7%-3% in 2019,

21 Oct

Forex - Pound Down After British Parliament Delays Crucial Vote on Brexit Deal

Forex - Pound Down After British Parliament Delays Crucial Vote On Brexit Deal

. The British pound fell against the U.S. dollar on Monday in Asia after U.K. Prime Minister Boris Johnson failed to win parliamentary backing for his divorce deal. The GBP/USD pair fell 0.4% to 1.2912 by 12:10 AM ET (04:10 GMT). U.K. lawmakers voted on Saturday to withhold on Johnson’s deal. Despite the delay, markets remained confident that a no-deal exit fr

21 Oct

Sterling slips from five-month high on Brexit delay jitters

Sterling Slips From Five-month High On Brexit Delay Jitters

. FILE PHOTO: A bank employee counts pound notes at Kasikornbank in Bangkok By Tomo Uetake SYDNEY Sterling fell over half a percent against the dollar on Monday, slipping from five-month highs after the British parliament delayed a crucial vote on a Brexit withdrawal agreement. The move derailed Prime Minister Boris Johnson's plan for a decision on his wi

21 Oct

Asian Markets Mixed Amid Fresh Brexit Uncertainties

Asian Markets Mixed Amid Fresh Brexit Uncertainties

. Asian markets were mixed in morning trade on Monday amid fresh uncertainties over Brexit. The Shanghai Composite and the Shenzhen Component both slipped 0.1% by 10:30 PM ET (02:30 GMT).The National Bureau of Statistics data showed Monday that China’s new-home prices rose 0.53% in September from August in 70 major cities. Meanwhile, Beijing unexpectedly kept i

21 Oct

Asian shares edge higher, pound stumbles on Brexit drama

Asian Shares Edge Higher, Pound Stumbles On Brexit Drama

. FILE PHOTO: A visitor wearing a mask is seen behind a logo of Japan Stock Exchange (JPX) at the Tokyo Stock Exchange in Tokyo By Stanley White TOKYO Asian stocks edged higher on Monday as Chinese shares reversed early losses due to hopes for progress in resolving the U.S.-China trade war and expectations for greater investment inflows into Hong Kong. MS

21 Oct

Hong Kong leader to visit Japan after huge rally, night of violence

Hong Kong Leader To Visit Japan After Huge Rally, Night Of Violence

. An anti-government demonstrator shouts toward Tsim Sha Tsui Police Station during a protest in Hong Kong HONG KONG Hong Kong's embattled leader, Carrie Lam, leaves for a visit to Japan on Monday as the Chinese-ruled city struggles to recover from a night of violence in which tens of thousands took to the streets, with further protests planned later in t

21 Oct

MTR Corp. Pays Heavy Price for Unrest in HK Amid Lack of Insurance Coverage

MTR Corp. Pays Heavy Price For Unrest In HK Amid Lack Of Insurance Coverage

. MTR Corp Ltd (HK:0066), Hong Kong’s subway operator, will probably have to pay for the bill for damages suffered over the past four months during the city’s political unrest. Credit-rating firm Moody’s Investors Service said in a report that the operator may not be fully covered by its insurance and that its credit profile has likely took a hit as a resul

21 Oct

Mahathir warns of possible trade sanctions on Malaysia

Mahathir Warns Of Possible Trade Sanctions On Malaysia

KUALA LUMPUR Malaysian Prime Minister Mahathir Mohamad said on Monday his exports-reliant country could be hit with trade sanctions amid rising protectionism highlighted by the U.S.-China tariff war.Mahathir did not mention the source of possible sanctions on the Southeast Asian country but said he was disappointed that proponents of free trade we

21 Oct

Korea Export Drop Spells Another Gloomy Month for Global Economy

Korea Export Drop Spells Another Gloomy Month For Global Economy

-- South Korea’s exports -- a bellwether for global trade -- are poised for an 11th monthly decline as China’s economy slows and tech demand struggles to rebound.Exports during the first 20 days of October fell 20% from a year earlier, data from the Korea Customs Service showed Monday. Shipments to China, South Korea’s biggest trading partne