Japan will allow flights from Hong Kong and Macau to land at any airport in the country, partially reversing a rule it implemented last week for both cities and mainland China that restricted arrivals to four major airports.
Sim Wong Hoo, who founded Creative Technology Ltd. in Singapore before sparring with Apple Inc., has died. He was 67.
Sony Honda Mobility Inc. said its electric vehicle will launch under the brand Afeela, the latest debut in a field already crowded by earlier entrants such as Tesla Inc.
China’s central bank reiterated it will implement monetary policy that’s targeted and “forceful” this year to help support the economy, while the State Council warned of price risks in coming weeks.
A Chinese developer has defaulted on two dollar bonds and is halting payments on offshore notes, the latest delinquencies despite a plethora of recent government steps to ease the sector’s liquidity crunch.
Hong Kong sold the equivalent of $5.8 billion of green bonds denominated in three currencies Wednesday, as debt markets roared back to life amid a global rush of deals.
China’s services activity contracted at a slower pace in December as surging Covid infections following the reversal of Covid Zero disrupted economic activity.
The price gap between stocks that have dual-listings in mainland China and Hong Kong is narrowing as traders piled back into the city’s shares, which suffered a bigger selloff last year.
The US House adjourned Wednesday night after Kevin McCarthy and GOP dissidents failed to reach a deal on the California Republican’s languishing bid to become speaker.
China’s order that its biggest online brokerages stop taking on new onshore investors couldn’t have come at a worse time for Hong Kong’s struggling financial firms.
