Index provider FTSE Russell is to consult with stakeholders about including Snap in its widely followed Russell indices, amid investor worries about lack of shareholder rights at the newly listed messaging app provider. The consultation, to be officially launched in the coming days, is the latest sign of growing interest among “passive” fund managers in the corporate governance of the companies their index-tracking model obliges them to […]
BEIJING The inaugural flight of a new charter service from North Korea’s capital to the northeastern Chinese city of Dandong landed on Tuesday, the official Xinhua news agency said. The launch comes amid ongoing tensions on the Korean peninsula over the hermit state’s missile and nuclear tests, which it says are in response to joint drills between the United States and South Korean military. The twice-weekly flight […]
Australia has shelved plans to ratify a controversial extradition treaty with Beijing following concerns raised by lawmakers over inadequate protections for human rights and rule of law in China. The decision to pull the parliamentary vote on Wednesday represents a setback for the Australian government, which had warned in recent days that failing to ratify the treaty could damage Sino-Australian relations. Barnaby Joyce, Australia’s deputy prime minister, […]
“The new tax rate will bring Saudi Aramco in line with international benchmarks,” Saudi Aramco’s chief executive officer, Amin H. Nasser, said in a statement. Continue reading the main story The tax cut was announced a couple of months after intensive discussions with international bankers in Riyadh about how the offering should be structured. Bankers and independent specialists said the cut would help increase the cash flow […]
Tuesday 08:45 GMT What you need to know ● Markets recovering their poise after “Trump trade” wobble● S&P 500 futures higher and helping European to open on the front foot ● Energy stocks underpinning bourses as oil prices gain ground● Dollar steadies after sliding to four-month lows, Treasury yields nudge up● Gold prices ease back as haven flows dwindle——————- Hot topic Investors are rediscovering their risk appetite […]
HONG KONG Acquisitive Chinese conglomerate HNA Group is in talks to buy a controlling stake in the owner of the publisher of Forbes magazine, two sources with knowledge of the matter told Reuters. Hong Kong-based investor group Integrated Whale Media Investments (IWM), which holds 95 percent of Forbes Media, is also in talks with another Chinese media firm and is scouting for more potential buyers for most […]
The bagpiper striding across the bottle label wears flowing green tartan, a luxuriant black moustache — and a red turban. Bagpiper whisky, distilled by Diageo through its United Spirits subsidiary in India, is one of India’s most popular brands, available even in a tetra pak. But at Rs300 ($4.50) for a 750ml bottle, it is not a brand that will power a rapid return on Diageo’s £1.9bn […]
By David Brunnstrom | WASHINGTON WASHINGTON China appears to have largely completed major construction of military infrastructure on artificial islands it has built in the South China Sea and can now deploy combat planes and other military hardware there at any time, a U.S. think tank said on Monday. The Asia Maritime Transparency Initiative (AMTI), part of Washington’s Centre for Strategic and International Studies, said the work […]
By Alberto Alerigi | SAO PAULO SAO PAULO Brazil’s Agriculture Ministry said on Monday it ordered three more food processing facilities to suspend production amid an investigation into alleged corruption of inspectors and unsanitary conditions in the world’s biggest meat producer. That brings to six the number of food processing plants that have been ordered temporarily closed by Brazilian authorities. A total of 21 plants are included […]
MANILA: The Philippines Monday (Mar 27) took delivery of two Japanese military surveillance aircraft to help it patrol vital sea lanes in the South China Sea, despite Manila’s increasingly conciliatory stance to Beijing’s claims over the disputed waters. Japan will lease a total of five surplus Beechcraft TC-90 planes to the Philippines, according to Manila’s defence secretary Delfin Lorenzana. Philippine military chief General Eduardo Ano said the […]
Defendants may find themselves taken into custody if they travel abroad. Their assets could be seized in other countries. Continue reading the main story “It starts a process of accountability,” said Stephen J. Rapp, former United States ambassador at large for the Office of Global Criminal Justice and now a nonresident fellow at The Hague Institute for Global Justice, who helped to file the case. “We could […]
A Beijing court has overturned a ruling that Apple’s iPhone 6 violated a patent owned by local manufacturer Shenzhen Baili, the South China Morning Post has reported. The Beijing Intellectual Property Office ruled last May that the tech giant violated design patents of the local device with its iPhone 6 and iPhone 6 Plus, and as a result was ordered to cease selling the smartphone in Beijing. […]
SEOUL A South Korean court will hold a hearing on Thursday to decide whether to arrest ousted president Park Geun-hye and hold her in a cell for up to 20 days while she is investigated on charges of taking bribes and abusing presidential power. Park, 65, became South Korea’s first democratically elected president to be removed from office when a constitutional court upheld her parliamentary impeachment this […]
As the March 29 official announcement of the Samsung Galaxy S8 and Galaxy S8 Plus draw near, leaks regarding the upcoming smartphones have been filling up the rumor mill. While recent reports have left almost nothing to the imagination regarding the Galaxy S8 and Galaxy S8 Plus, the most recent leak has spoiled all the official details regarding the devices, along with the official press images that […]
China has eclipsed Singapore as the biggest source of investment in Malaysian real estate, as soaring domestic property prices push mainland investors to hunt for bargains abroad. Chinese groups have invested more than $2.1bn in Malaysian real estate over the past three years, compared with $985m invested by Singaporean companies between 2014 and 2016, according to figures from Real Capital Analytics based on completed transactions of $10m […]
The federal government has tasked Innovation and Science Australia (ISA) with developing a plan that will put Australia in a position as a leading “innovation nation” by 2030. In its 2030 Strategic Plan Issues paper, the independent body charged with researching, planning, and advising the government on all science, research, and innovation matters highlighted six challenges it sees as central to shaping the strategy, with one placing […]
Monday 04:30 GMT Overview Dollar weakness weighed down Asia-Pacific equities while government bonds and gold gained as investors in the region sought havens in the wake of US President Donald Trump’s failure to repeal Obamacare. Hot topic The US dollar was lower against a variety of currencies in Asia as investors tempered expectations of pro-business reforms from the Trump administration after Republicans failed to unify around healthcare […]
March 26, 2017 by: FT Confidential Research Government efforts to cool the Chinese housing market are not working. Despite an intensifying clampdown, more households expect prices to continue rising in the coming months, particularly in the richest cities that are the focus of the government’s campaign. Consumer sentiment towards real estate purchases has also spiked, probably in response to widespread coverage of the policy tightening. The clampdown […]
The Australian government has signed a formal “Dialogue on Innovation” agreement with China that will see both countries exchange ideas between government representatives, business, and the research sector. Under the arrangement, both countries will contribute up to AU$6 million over three years to the next round of the Joint Research Centres, under the Australia-China Science and Research Fund (ACSRF), which supports strategic science, technology, and innovation collaboration […]
A Beijing court has overturned a ruling that Apple’s iPhone 6 violated a Chinese manufacturer’s patent which saw the US tech giant ordered to cease selling the smartphone in China. In May last year the Beijing intellectual property bureau had ruled that Apple violated design patents of Chinese maker Shenzhen Baili with its iPhone6 and iPhone 6 Plus, and would be barred from selling those models. […]
SHANGHAI China Southern Airlines (600029.SS)(1055.HK)(ZNH.N) is negotiating a potential strategic tie-up with American Airlines (AAL.O) that could involve a share issue and other forms of business cooperation, it said on Sunday. A stock exchange filing from China’s largest carrier by passenger numbers said the proposed cooperation is subject to approval by shareholders and government authorities and no binding agreement has yet been made. The company’s U.S.-listed shares […]
The power of the movies to mould public opinion has never been lost on politicians, but rarely do they get to wield it as a tool for pro-war propaganda with such force as during the Second World War. A new three-part docuseries that comes to Netflix on Friday, Five Came Back: A Story of Hollywood and the Second World War, “tells the extraordinary story of how Hollywood […]
After a week dominated by questions over whether Donald Trump will be able to push his economic agenda through Congress, here are the questions FT markets reporters are asking in the final trading week of March. Will investors keep faith in Trump’s ability to drive tax cuts? That is the question facing equity markets after the White House failed to muster the support needed in the House […]
China has prevented an academic critical of its growing influence in Australia from travelling home to Sydney, casting a shadow over Chinese Premier Li Keqiang’s state visit to the country. Feng Chongyi, a Chinese citizen who teaches at University of Technology Sydney, was halted from boarding at least two flights from China to Australia this weekend. Mr Feng is a permanent resident of Australia, which means he […]
