Signs of ‘sequential acceleration’ in Hong Kong despite economy contraction in 2022: UBP Hong Kong’s economy is “in a position to return to expansion,” this year, UBP told CNBC’s “Squawk Box Asia” on Thursday. “We are seeing signs that there’s been a sequential acceleration in January. So that’s the good news,” said Carlos Casanova, UBP’s … Read more
CNN — The US military will gain access to four more bases in the Philippines under an agreement announced as US Defense Secretary Lloyd Austin visited Manila on Thursday. In addition, the two allies said projects at five bases already covered in the 2014 Enhanced Defense Cooperation Agreement (EDCA) were almost completed. The EDCA allows … Read more
TAIPEI, Taiwan (AP) — Taiwan scrambled fighter jets, put its navy on alert and activated missile systems in response to nearby operations by 34 Chinese military aircraft and nine warships that are part of Beijing’s strategy to unsettle and intimidate the self-governing island democracy. The large-scale Chinese deployment came as Beijing increases preparations for a … Read more
Tokyo — China’s growing assertiveness and collaboration with Russia poses a threat not only to Asia but also to Europe, NATO Secretary-General Jens Stoltenberg said Wednesday as he sought stronger cooperation and more “friends” for NATO in the Indo-Pacific region. Stoltenberg said China is increasingly investing in nuclear weapons and long-range missiles without providing transparency … Read more
Hong Kong CNN — Two years ago, cannabidiol was booming in Hong Kong. The compound, known as CBD, was popping up in cafes, restaurants and stores, with businesses eager to join an exciting new market already well-established in countries around the world. That all came to an end on Wednesday, when CBD was criminalized in … Read more
CNBC Pro: What one tech fund manager is expecting from Apple and Alphabet earnings this week Microsoft issued a disappointing revenue forecast last week, but its stock has since increased. What does that mean for the other Big Tech companies set to report earnings? Tech fund manager Jeremy Gleeson, who manages the £1.1 billion ($1.5 … Read more
The International Monetary Fund (IMF) has raised its 2023 global growth outlook slightly due to “surprisingly resilient” demand in the United States and Europe and the reopening of China’s economy after Beijing abandoned its strict zero-COVID strategy. The IMF said global growth would still fall to 2.9 percent in 2023 from 3.4 percent in 2022, … Read more
Adani Enterprises tick up while group affiliates continue plunge Shares of Adani Enterprises rose 10% after seeing sharp-losses in the previous sessions as its Chief Financial Officer voiced confidence in its follow-on public offering that is slated to close on Jan. 31. The stock is still down more than 20% in the first month of … Read more
Hong Kong CNN — Last week, K-pop singer Danielle Marsh asked her online fans what they were doing for Chinese New Year. A profuse apology followed two days later, in which she promised to “try to be more careful” and acknowledged the “hurt” she had caused. Her crime? The “Chinese” that preceded “New Year.” A … Read more
The vaunted fleet of the US Navy may not be ready for a conflict with China. A recent analysis found that the US would likely lose a vast number of ships in a war with China over Taiwan, thanks to a narrowing technological advantage. And experts say the US fleet of over 490 ships is … Read more