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Nikkei Asian review is writing about 50 foreign and local companies’ desire to leave China because of keeping trade was with the US. It is caused by the lack of arrangement between China and the US leaders about certain deadlines of the positive results of the trade conflict. It also has a negative impact at Chinese economy. Thus, the transfer of 30% production to the South-East Asia was planned by such producers as HP and Dell. Apple is expecting the results assessment of carry-over of 30% its production capacity to India. The transfer of game consoles production to Vietnam was planned by Japanese Nintendo. Among the Chinese companies two of them had the same intention. These were TCL which produces electronics and Sailun Tire which produces car tires. The first producer planned the capacity transfer to Vietnam while the second one is to Thailand.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
KYC Policy