Japan and Australia’s new defense pact sends a ‘strong message’ to China, says analyst

Australia and Japan’s new defense pact sends a strong message to China — that the two countries will work closely to ensure a stable Indo-Pacific region, a senior analyst from an Australian think-tank said Friday. Japanese Prime Minister Fumio Kishida met his Australian counterpart Scott Morrison virtually on Thursday. The two countries signed a reciprocal … Read more

India demands Xiaomi pay nearly $88 million in import duties after tax evasion probe

An attendee holds a Xiaomi Corp. Mi A1 dual camera device during the smartphone’s launch in New Delhi, India, on Tuesday, Sept. 5, 2017. Anindito Mukherjee | Bloomberg | Getty Images India has demanded the local arm of Chinese smartphone maker Xiaomi to pay 6.53 billion rupees ($87.8 million) in import taxes, following an investigation. … Read more

Covid in Hong Kong: Here’s a list of everything that will be shut down starting tomorrow

Transparent barriers enforcing social distancing measures are seen on tables at a restaurant in Hong Kong, on Tuesday, April 21, 2020. Roy Liu | Bloomberg via Getty Images From bars and pubs to sports premises and karaoke rooms, Hong Kong will be banning most public activities from Friday. The Asian financial hub will be re-imposing … Read more

India reports the highest number of daily Covid cases since early September

A health worker administers a dose of the Bharat Biotech Ltd. Covaxin vaccine at a Covid-19 vaccination center set up at the Delhi Municipal Corp. Public Health Center in the Daryagunj area of New Delhi, India, on Monday, June 21, 2021. Sumit Dayal | Bloomberg | Getty Images India’s Covid-19 cases are rising again as … Read more

China Evergrande shares halted, set to release ‘inside information’

China Evergrande Centre sign seen on the front of their building. Katherine Cheng | SOPA Images | LightRocket | Getty Images China Evergrande Group shares have been suspended from trading on Monday pending the release of “inside information”, the embattled property developer said without elaborating. Evergrande, the world’s most indebted developer, is struggling to repay … Read more

Huawei expects 2021 revenue to drop by 28.9% as sanctions drag on

A Huawei store in Hangzhou displays the company’s newly launched foldable smartphone, the P50 Pocket, on December 23, 2021. Long Wei | Visual China Group | Getty Images BEIJING — Chinese telecommunications giant Huawei said Friday it expects revenue for this year will come in at 634 billion yuan ($99 billion), a 28.9% drop from … Read more

China’s big challenge for 2022: Getting people to spend money

A Hangzhou location of the Element Fresh chain, which entered the bankruptcy liquidation process in December 2021, as the coronavirus pandemic took its toll. Costfoto | Future Publishing | Getty Images BEIJING — Sluggish consumer spending has dragged down China’s economy since the pandemic, with little relief in sight for 2022. Along with the property … Read more

Veteran strategist David Roche says China is set to ease monetary policy further

Monetary policy in China is set to ease as the government continues to focus on stability and the theme of “common prosperity,” veteran investment strategist David Roche said on Monday. Common prosperity refers to the Chinese government’s aim to generate moderate wealth for all, in response to the widening rich-poor gap that has emerged in … Read more

Why investors remain bullish on India’s start-up outlook for 2022

A restaurant advertises the use of the Paytm digital payment system in Mumbai, India, on Saturday, July 17, 2021. Dhiraj Singh | Bloomberg | Getty Images India’s technology start-ups will continue to attract capital from both private and public markets next year as they grow and mature, investors told CNBC. There was a notable shift … Read more

Wall Street sees massive upside for Asian tech giant Grab, after disappointing debut

Anthony Tan, chief executive officer of Grab Holdings Inc., center right, and Tan Hooi Ling, co-founder of Grab Holdings Inc., celebrate on stage during a bell-ringing ceremony as Grab begins trading on the Nasdaq, in Singapore, on Thursday, Dec. 2, 2021. Ore Huiying | Bloomberg | Getty Images Investment banks JPMorgan, Citi and global independent … Read more