48 h. ago Hong Kong firms must consider national interests in commercial deals: John Lee

Hong Kong businesses must consider national interests while pursuing commercial deals, the city’s leader has said, arguing that the two are not mutually exclusive. In an interview with the Post as he marked three years in office, Chief Executive John Lee Ka-chiu stressed the importance of local companies keeping national interests in mind while seeking profits. Hong Kong tycoon Li Ka-shing’s CK Hutchison Holdings has recently drawn the ire of Beijing over a controversial deal to sell its...

Economics

7 d. ago US steps up contest with China in Africa by counting ambassadors’ business deals

The US State Department has introduced performance metrics for American ambassadors in Africa to evaluate them based on the number of business deals they make as part of the US government’s new “trade, not aid” approach. Within its first 100 days, President Donald Trump’s second administration secured 33 deals worth US$6 billion across the continent, announced Troy Fitrell, senior US official for the Bureau of African Affairs, at the launch of the bureau in mid-May. The US’ new commercial...

Politics

7 d. ago Hong Kong’s real estate market cooled in May, with deals slumping to 3

Property deals in Hong Kong fell to a three-month low in May as caution prevailed amid heightened US-China tensions and stock market volatility, while distressed commercial real estate owners continued to offload assets at heavily discounted prices. Transactions for new and lived-in homes, offices, shops, car parking slots and industrial units dropped 11 per cent month on month to 6,434, the lowest tally since February, according to data from Centaline Property Agency. The value of the deals...

Economics

1 week ago Big BYD dealer in eastern China goes out of business, local media reports

Big BYD dealer in eastern China goes out of business, local media reports  Reuters

Economics

2 w. ago Congo eyes U.S. minerals deal by June amid China competition

Congo eyes U.S. minerals deal by June amid China competition  Business Insider Africa

Politics

2 w. ago Billionaire Ray Dalio raises alarm over China, says Trump renegotiating trade deals 'has to happen'

Billionaire Ray Dalio raises alarm over China, says Trump renegotiating trade deals 'has to happen'  Fox Business

Politics

3 w. ago Chinese exporters are offering sweet deals to U.S. businesses. They often come wrapped in fraud

Chinese exporters are offering sweet deals to U.S. businesses. They often come wrapped in fraud  CNBC

Economics

4 w. ago China removes ban on Boeing deliveries after deal with US to temporarily slash tariffs

China removes ban on Boeing deliveries after deal with US to temporarily slash tariffs  Fox Business

Economics

4 w. ago Trump starts Middle East tour in Saudi Arabia seeking major business deals

Saudi Arabia is the first leg of a four-day tour that will also take the US president to Qatar and the United Arab Emirates.

Politics