11
JD.com poised to kick off IPO on May 25
Chinese e-commerce giant JD.com is planning to kick off a Hong Kong initial public offering on May 25 to raise as much as US$3.4 billion (HK$26.52 billion), mainland media reported.
5
Malaysia cuts policy rate to 2%, loosens liquidity to nurse economy through virus
Malaysia’s central bank on Tuesday slashed its key interest rate to the lowest since 2009, and left the door open for further cuts in case the trade-reliant nation’s economy suffers prolonged damage from the coronavirus pandemic.
5
NetEase to Have Filed for Second Listing in Hong Kong
NetEase Inc. has picked banks for its planned second listing in Hong Kong, according to people familiar with the matter, joining other Chinese technology companies in tapping the city’s stock market for new funds.
4
Trump threatens new tariffs on China as US mulls retaliatory action over virus
U.S. President Donald Trump said on Thursday his hard-fought trade deal with China was now of secondary importance to the coronavirus pandemic and he threatened new tariffs on Beijing, as his administration crafted retaliatory measures over the outbreak.
4
China has built 198,000 5G base stations, covering 50 million users
As of late March, a total of 198,000 5G base stations have been built across China, covering over 50 million users, according to China's Ministry of Industry and Information Technology.
29
Fitch cuts virus-hit Italy's credit rating to just above junk
Rating agency Fitch cut Italy’s credit rating to “BBB-minus” on Tuesday, just one notch above junk, saying the downgrade reflects the impact of the coronavirus pandemic on the euro zone’s third largest economy.
29
HSBC profits down 48% as virus batters economy
HSBC Holdings PLC yesterday said that first-quarter pretax profits almost halved as the banking giant was battered by the COVID-19 pandemic while it embarked on a major restructuring.
29
JD Is Said to File for $2 Billion Hong Kong Second Listing
Chinese e-commerce giant JD.com Inc. has filed confidentially for a second listing in Hong Kong, according to people with knowledge of the matter, joining rival Alibaba in tapping the city’s stock market for funds.
27
Retail losses from Bank of China oil investment product could hit $1.3 billion: report
Retail investors may have lost more than 9 billion yuan ($1.27 billion) from a structured crude oil product marketed by the Bank of China, financial news outlet Caixin reported on Sunday citing official sources.
27
Bank of Japan expands stimulus again as pandemic pain deepens
The Bank of Japan expanded monetary stimulus on Monday for the second straight month to ease corporate funding strains and finance huge government spending aimed at combating the deepening economic fallout from the coronavirus pandemic.
27
India Government plans to fast track the review of investment proposals from neigbouring countries such as China
The Centre plans to fast track the review of some investment proposals from neigbouring countries such as China following concerns new screening rules could hit plans of companies and investors, three sources told Reuters on Saturday.
22
Some OPEC ministers discuss implementing agreed oil cuts immediately
Some OPEC ministers had a conference call on Tuesday to discuss the oil price rout and possible extra measures to support the market but it took place without the core Gulf nations, highlighting a growing split inside the organisation.
22
UK made a firm decision on Huawei in 5G: foreign ministry's top official
Britain’s government made a firm decision to allow China’s Huawei to have a role in building the country’s 5G phone network and as far as the foreign ministry’s top official understands it is not being reopened, he said on Tuesday.
22
Boris Johnson, feeling better, agrees with Trump on need to reopen economies
U.S. President Donald Trump and British Prime Minister Boris Johnson agreed on the need for a coordinated international response to the coronavirus pandemic, Downing Street and the White House said in separate statements on Tuesday.
21
South Korea says Kim not gravely ill after heart surgery reports
Speculation on Kim' Jong Un's health increased after he was absent from pictures to mark a recent important anniversary.
21
US companies face bankruptcy as oil prices turn negative
The coronavirus pandemic has hit the US oil industry particularly hard. Oil prices have not been this low in history, and are forcing businesses and companies to file for bankruptcy, reports CNN.
21
Fitch Downgrades Hong Kong to 'AA-' from 'AA'; Outlook Stable
Fitch Ratings - Hong Kong - 20 Apr 2020: Fitch Ratings has downgraded Hong Kong's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'AA-' from 'AA'. The Outlook is Stable.
17
China GDP sinks 6.8%, first contraction on record
China's economy plummeted 6.8% in the first three months of the year compared with a year earlier, the country's first such drop since Beijing began reporting quarterly gross domestic product in 1992.
17
Gilead's remdesivir looks promising in leaked early results, but don't jump to conclusions: analyst
The world is watching and waiting for data to see whether Gilead's investigational antiviral remdesivir can help fight COVID-19. And while some leaked early results suggest that it can, industry watchers will need to wait for data from Gilead's own controlled phase 3 study to know for sure.
15
S. Korea, China, Japan, ASEAN seek joint fund for medical supplies in summit deal
The leaders of South Korea, China, Japan and ASEAN member states have agreed to push for a joint fund for medical supplies against pandemics like COVID-19, according to their joint statement released Wednesday.