23 March

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China Faces Risk of Hot Money Outflows, Ex-PBOC Adviser Says By Bloomberg

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(Bloomberg) -- China faces the threat of foreign outflows from the second half of the year as rising borrowing costs in the U.S. drives investors out of emerging markets, according to a former adviser to China’s central bank. The potential for a reversal in capital inflows and a possible wave of bond defaults are two of the biggest risks facing the economy this...

23 March

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China’s Geely Automobile plans new EV unit after profit fell by a third in 2020 By Reuters

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By Yilei Sun and Ryan Woo BEIJING (Reuters) -China's Geely Automobile Holdings Ltd said on Tuesday it and its parent Zhejiang Geely Holding Group will form a joint venture for electric vehicles (EV) and launch a new brand called Zeekr, after its profit fell 32% last year. In a stock exchange filing, Geely Automobile said the venture will work on research and...

23 March

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China’s Tencent faces concessions to win green light for giant videogaming merger – sources By Reuters

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By Pei Li, Kane Wu and Yingzhi Yang (Reuters) - Chinese internet giant Tencent Holdings Ltd (HK:0700) is having to offer concessions in a plan to merge the country's top two videogame live-streaming sites in order to resolve antitrust concerns, two people with knowledge of the matter told Reuters. Tencent, China's No. 1 videogame and social media firm, first announced plans to...

23 March

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AstraZeneca may have provided incomplete efficacy data from latest COVID-19 trial -NIAID By Reuters

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(Reuters) - British drugmaker AstraZeneca (NASDAQ:AZN) Plc may have provided an incomplete view of efficacy data on its COVID-19 vaccine from a large scale U.S. trial, the U.S. National Institute of Allergy and Infectious Diseases (NIAID) said on Tuesday, in a fresh setback to the shot. AstraZeneca said a day earlier that its...

23 March

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Japan unveils steps to back financing at bigger firms hit by pandemic By Reuters

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TOKYO (Reuters) - Japan's government on Tuesday unveiled measures to help midsize and large companies boost capital funds, officials said, a step aimed at backing mainly restaurants and lodging businesses hit hard by coronavirus restrictions. The government's response to corporate financing in the pandemic has so far mainly targeted small firms through such schemes as provision of no-interest and no-collateral loans. However,...

23 March

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Dollar off recent highs as investors look to Fed, Yellen for bond clues By Reuters

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By Hideyuki Sano TOKYO (Reuters) - The U.S. dollar hovered below recent highs on Tuesday as investors looked to fresh comments from top U.S. policy makers to gauge how far they would allow U.S. bond yields to rise. The Turkish lira showed some sign of stability following a 7.5% dive on Monday after President Tayyip Erdogan sacked a hawkish central bank chief....

23 March

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China’s Economic Growth Could Exceed Target, Premier Li Says By Bloomberg

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(Bloomberg) -- China’s economic growth this year could exceed a target of “above 6%,” with the government seeking stable expansion and job creation, Premier Li Keqiang said Monday in a meeting with foreign business executives. “We need to seek a balance between growth, income, and employment, and we cannot pursue economic growth based on...

23 March

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UK variant can cause serious heart problem in pets; Sinovac vaccine appears safe in children By Reuters

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By Nancy Lapid (Reuters) - The following is a roundup of some of the latest scientific studies on the novel coronavirus and efforts to find treatments and vaccines for COVID-19, the illness caused by the virus. UK variant can make pets very sick The coronavirus variant first identified in the UK, known as B.1.1.7, has been linked to severe cases of heart...

23 March

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BlackRock hires law firm for internal review after latest executive conduct complaints By Reuters

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By Ross Kerber BOSTON (Reuters) - BlackRock Inc (NYSE:BLK) said on Monday it is hiring a prominent law firm to conduct an internal review after a report in a trade publication detailed new employee complaints about the conduct of executives, including senior leader Mark Wiedman. BlackRock CEO Larry Fink said in a staffwide memo on Monday that the company is retaining the...

23 March

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West sanctions China over Xinjiang abuses, Beijing hits back at EU By Reuters

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By Robin Emmott and David Brunnstrom BRUSSELS/WASHINGTON (Reuters) -The United States, the European Union, Britain and Canada imposed sanctions on Chinese officials on Monday for human rights abuses in Xinjiang, the such coordinated Western action against Beijing under new U.S. President Joe Biden. Beijing hit back immediately with punitive measures against the EU...

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China Faces Risk of Hot Money Outflows, Ex-PBOC Adviser Says By Bloomberg

China’s Geely Automobile plans new EV unit after profit fell by a third in 2020 By Reuters

China’s Tencent faces concessions to win green light for giant videogaming merger – sources By Reuters

AstraZeneca may have provided incomplete efficacy data from latest COVID-19 trial -NIAID By Reuters

Japan unveils steps to back financing at bigger firms hit by pandemic By Reuters

Dollar off recent highs as investors look to Fed, Yellen for bond clues By Reuters

China’s Economic Growth Could Exceed Target, Premier Li Says By Bloomberg

UK variant can cause serious heart problem in pets; Sinovac vaccine appears safe in children By Reuters

BlackRock hires law firm for internal review after latest executive conduct complaints By Reuters

West sanctions China over Xinjiang abuses, Beijing hits back at EU By Reuters

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