BYD Shares Slide Amid Profit Decline
BEIJING/HONG KONG – BYD, the world’s top electric vehicle (EV) maker, saw its shares tumble as much as 8% in Hong Kong trading Monday, after unveiling its first quarterly profit decline in over three years. The company attributed the slump to … Continue reading BYD Shares Slide Amid Profit Decline
India-China Reset: “Partners, Not Rivals”
TIANJIN — In a milestone moment for Asia’s geopolitical landscape, Chinese President Xi Jinping and Indian Prime Minister Narendra Modi met on the sidelines of the Shanghai Cooperation Organisation (SCO) summit in Tianjin. Their high-profile engagement marks Modi’s first visit … Continue reading India-China Reset: “Partners, Not Rivals”
Indonesian President Prabowo Cancels China Visit
JAKARTA – Indonesian President Prabowo Subianto has canceled his scheduled trip to China in a move to focus on a rapidly deteriorating domestic situation. Originally slated to attend China’s “Victory Day” parade on September 3, marking the 80th anniversary of Japan’s … Continue reading Indonesian President Prabowo Cancels China Visit
Homes flooded: Typhoon Kajiki batters Vietnam
HANOI – Typhoon Kajiki brought torrential rains to Vietnam’s north central coast on Aug 25, felling trees and flooding homes despite wind speeds tapering off from earlier in the day. As at 4pm local time, Kajiki was on the coast of Nghe … Continue reading Homes flooded: Typhoon Kajiki batters Vietnam
China: Major order for Airbus apparently imminent
BEIJING/HAMBURG – Chinese airlines are preparing to place a massive order for Airbus jets, with negotiations reportedly covering as many as 500 aircraft, according to people familiar with the matter. The potential deal, which would rank among the largest in Airbus … Continue reading China: Major order for Airbus apparently imminent