Air France-KLM has submitted a proposal to acquire 49 percent stake in Malaysia Airlines, while Japan Airlines is looking at buying 25 percent, according to Reuters. Malaysia-based AirAsia Group and M ...More
EJ Insight2020-01-21
China’s troubled Baoshang Bank will be taken over by local governments and a group of state firms, Reuters reports, citing an unidentified central bank official. The governments of Inner Mongolia Auto ...More
EJ Insight2020-01-21
The long-awaited Phase 1 trade deal between China and the United States was signed last Wednesday. The talks hit a serious snag last year, but since then China has apparently yielded to some of the US ...More
EJ Insight2020-01-20
As big banks have looked to de-risk their balance sheets and receded from SME lending, Britain’s OakNorth, a banking startup that specializes in providing business and property loans, is leveraging ne ...More
EJ Insight2020-01-20
Temasek Holdings and Trustbridge Partners have held talks with WeWork China over increasing their stake in the China branch of the troubled co-working startup to take majority ownership, three people ...More
EJ Insight2020-01-17
Ernst & Young (EY) expects the Hong Kong government to record a budget deficit of HK$70 billion for the fiscal year 2019-2020, the first deficit in 15 years, due to an adverse economic environment ...More
EJ Insight2020-01-17
China’s economic growth slowed to its weakest in nearly 30 years in 2019 amid a bruising trade war with the United States and sputtering investment, and more stimulus steps are expected this year to h ...More
EJ Insight2020-01-17
The long-awaited US-China trade deal touted new wins for US companies looking to access China’s US$40 trillion financial sector, but many of the changes were already in the works with Beijing stepping ...More
EJ Insight2020-01-16
BlackRock Inc., the world’s largest asset manager, beat analysts’ estimates for quarterly profit on Wednesday, helped by strong flows into its exchange-traded fund business that boosted overall assets ...More
EJ Insight2020-01-16
China has agreed to buy two types of rare earth metals from the United States as part of an initial trade deal inked on Wednesday, Reuters reports. The agreement, signed in Washington by Chinese Vice ...More
EJ Insight2020-01-16
The United States and China signed an initial trade deal on Wednesday that will roll back some tariffs and boost Chinese purchases of US products, defusing an 18-month row between the world’s two larg ...More
EJ Insight2020-01-16
The Hong Kong government is expected to record a budget deficit of HK$38.3 billion for the fiscal year 2019-2020, its first deficit in 15 years, PricewaterhouseCoopers (PwC) said on Wednesday. The aud ...More
EJ Insight2020-01-15
Chief Executive Carrie Lam Cheng Yuet-ngor on Tuesday pledged HK$10 billion (US$1.3 billion) in relief measures to prop up the economy as it grapples with months of anti-government protests that have ...More
EJ Insight2020-01-14
"Ireland, the new favourite for emigration. One passport, three identities. Tax as low as 12.5 per cent. The only English-speaking country in the European Union." So reads an advertisement on the Chin ...More
EJ Insight2020-01-14
Visa Inc. said it agreed to buy privately held software startup Plaid Inc. in a US$5.3 billion deal that will boost the payments giant’s access to the booming financial technology space, Reuters repor ...More
EJ Insight2020-01-14
