49 m. ago Hong Kong steps up bid to become global gold trading hub with Shanghai agreement

Hong Kong will sign an accord with Shanghai next week to establish a cross-border gold trade clearing system, a move the financial chief says will bolster the city’s push to become an international gold trading hub. Financial Secretary Paul Chan Mo-po revealed on Sunday that the city and the Shanghai Gold Exchange would sign a memorandum of understanding at the 19th Asian Financial Forum next week to pave the way for greater connectivity between the two markets. “We are accelerating the push to...

Politics

18 h. ago As Trump urges cap on credit card rates, could China follow suit for online loans?

US President Donald Trump’s call for American credit card interest rates to be capped at 10 per cent for a year has sparked a debate in China about whether Beijing should impose a similar limit on online loans. The discussion comes as many in China – especially younger people – are being enticed by credit offers amid a weak job market and a boom in online loan services. “Apps now keep luring young people into borrowing,” a finance blogger with nearly 500,000 followers wrote in a social media...

Politics

22 h. ago Scam and corruption cases spark debate in China over cryptocurrencies’ future

The seizure of enormous cryptocurrency caches in two high-profile criminal cases in China – a former head of the central bank’s digital currency research institute accused of corruption, and an alleged scam centre kingpin linked to about US$15 billion in bitcoin – have sparked questions in the country about the safety and future of virtual money. But analysts said the long-term trend for the assets, especially bitcoin, depended on institutional capital, interest rate expectations and the...

Politics

37 h. ago Canada agrees to cut tariff on Chinese electric vehicles in break with the U.S.

Canada agrees to cut tariff on Chinese electric vehicles in break with the U.S.  CBS News

Politics

39 h. ago Canada, China agree 'landmark' deal to cut EV, farm product tariffs | Daily Sabah

Canada, China agree 'landmark' deal to cut EV, farm product tariffs | Daily Sabah  Daily Sabah

Economics

39 h. ago China halts electricity imports from Russia, Russian media reports

China halts electricity imports from Russia, Russian media reports  Yahoo

Politics

40 h. ago China dumps more US debt, buys other assets as Trump targets Powell

China trimmed its holdings of US Treasuries in November to the lowest level since 2008, diverging from a global trend that saw total foreign ownership of the debt instruments hit a record high. Analysts say the prospect of a politicised Federal Reserve chairmanship under Donald Trump’s presidency has deepened Beijing’s concerns over its exposure to American debt, with more cuts expected. Beijing’s stockpile fell to US$682.6 billion in November, down from US$688.7 billion in October, according to...

Politics

40 h. ago Canada, China agree tariff cuts in bid to reset strained ties

Canada, China agree tariff cuts in bid to reset strained ties  Yahoo

Politics

41 h. ago Putin offers Moscow as mediator in Iran crisis amid tensions with Israel, Trump threat

Russian President Vladimir Putin discussed the situation in Iran in separate calls on Friday with Israeli Prime Minister Benjamin Netanyahu and Iranian President Masoud Pezeshkian, and said that Moscow was willing to mediate in the region, the Kremlin said. Tehran has cracked down hard on nationwide protests that broke out late last month, prompting US President Donald Trump to warn he might intervene. Last year, Israel and the United States both bombed Iranian nuclear sites, and Iran fought...

Politics

43 h. ago Canada agrees to cut tariff on Chinese EVs in return for lower tariffs on Canadian farm products

Canada agrees to cut tariff on Chinese EVs in return for lower tariffs on Canadian farm products  WRAL

Politics

44 h. ago Canada, China hit reset button on relations with tariff agreement

China and Canada have agreed to remove the triple-digit tariffs imposed on each other’s imports – a major thaw in relations after years of icy diplomatic and trade ties – as Canadian Prime Minister Mark Carney wrapped up his state visit in Beijing. Canada will remove the additional 100 per cent in tariffs it had levied on Chinese electric vehicle (EV) imports – imposed in 2024 following a similar move from the United States – while China will lower its tariffs on Canadian canola, Carney said on...

Events

48 h. ago Chinese asset manager hits Rmb1tn ETF milestone as ‘national team’ supports stocks

Chinese asset manager hits Rmb1tn ETF milestone as ‘national team’ supports stocks  Financial Times

Events

48 h. ago Canada agrees to cut tariffs on Chinese EVs in a break with US

Canada agrees to cut tariffs on Chinese EVs in a break with US  France 24

Politics

49 h. ago Japan, US vow ‘unshaken’ defence alliance despite Trump’s pivot from Asia

The defence chiefs of Japan and the United States on Thursday agreed that the bilateral alliance is “unshaken” and pledged to reinforce its deterrence capabilities amid concerns in Asia that Washington’s focus is shifting from the region. Following his meeting with US Defence Secretary Pete Hegseth at the Pentagon near Washington, Japanese Defence Minister Shinjiro Koizumi said he was reassured that the administration of President Donald Trump remains committed to peace and stability in the...

Politics

52 h. ago Horrified Malaysian mother disowns daughter after mutilation threats by ‘vile’ loan sharks

The constant threat of genital mutilation of her daughter and son-in-law by loan sharks was so harrowing that a woman in Malaysia has resorted to disowning her own flesh and blood. “The loan sharks are vile. They threatened to sever the private parts of my daughter and her husband,” said the 60-year-old housewife who only wanted to be known as Heng. “A loan shark also sent me gory photos of people with severed genitals, claiming he had carried out the acts himself. It was so upsetting that I...

Events

52 h. ago Wyoming vs China? JAC Advances $16M Rare Earths Loan In Budget To Counter China

Wyoming vs China? JAC Advances $16M Rare Earths Loan In Budget To Counter China  Cowboy State Daily

Economics

54 h. ago 6 economic areas Canada and China have agreed to expand — and one big holdout

6 economic areas Canada and China have agreed to expand — and one big holdout  Yahoo! Finance Canada

Economics

62 h. ago Canada and China Unveil Landmark Energy Cooperation Agreements

Canada and China Unveil Landmark Energy Cooperation Agreements  Crude Oil Prices Today | OilPrice.com

Politics

63 h. ago European allies send troops to Greenland amid Trump’s purchase pressure

European countries were sending small numbers of military personnel to Greenland on Thursday as Denmark and its allies prepared for exercises to try to assure US President Donald Trump of its security as he pushes to acquire the island. A meeting of officials from the United States, Denmark and Greenland on Wednesday avoided the type of public humiliation meted out to Ukrainian President Volodymyr Zelensky last year, but also produced no quick fix for the dispute. “The American ambition to...

Politics

63 h. ago Carney's 1st day in China secures agreement on energy — but no tariff breakthrough yet

Carney's 1st day in China secures agreement on energy — but no tariff breakthrough yet  CBC

Politics