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  • BusinessAFP News

    Hong Kong, Shanghai stand out in Asia after China property move

    Hong Kong and Shanghai stocks rallied Friday after China unveiled its most wide-ranging measures to support the country's battered property sector, sending real estate firms soaring.Shanghai piled on one percent, having wallowed in negative territory in the morning, while Hong Kong extended a recent advance after Beijing unveiled the plans.

    5-min read
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  • BusinessAFP News

    Rapidus 'last opportunity' to put Japan back on global chip map

    Japan's Rapidus project that brings together some of the world's biggest companies is the "last opportunity" to put the country's once-dominant semiconductor sector back on the global map, its chairman warned.And its success should inspire young engineers to further growth Japan's chip sector, he added.

    3-min read
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  • NewsAFP News

    Putin in trade push on final day of China trip

    Russian leader Vladimir Putin was in the northeastern city of Harbin on Friday, the final day of a visit aiming to promote crucial trade with China and win greater support for his war effort in Ukraine.Putin will hold a press conference with Russian media later in the day.

    3-min read
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  • BusinessAFP News

    China offers to buy up commercial housing to boost property market

    China cut the minimum down payment rate for first-time homebuyers on Friday and suggested the government could buy up commercial real estate, in some of Beijing's most ambitious moves yet to lift the ailing housing market out of an unprecedented debt crisis.The moves are some of Beijing's most ambitious yet in seeking to reverse a chronic crisis in the housing market.

    3-min read
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  • NewsReuters

    Exclusive-Shanghai eases data-export curbs sought by Tesla, other firms, document shows

    SHANGHAI (Reuters) -Shanghai has compiled a list of data that can be transferred overseas without security assessments, according to a government document seen by Reuters, a much anticipated move as China tries to lure foreign investment to boost a sluggish economy. Foreign firms including financials and automakers such as Elon Musk's Tesla have been lobbying the Chinese authorities to allow cross-border sharing of information after Beijing tightened control of data generated domestically in a

    3-min read
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  • NewsAFP News

    US military says first aid delivered to Gaza via temporary pier

    The US military said aid deliveries began Friday via a temporary pier in Gaza aimed at ramping up emergency humanitarian assistance to the war-ravaged Palestinian territory.(Gaza time), trucks carrying humanitarian assistance began moving ashore via a temporary pier in Gaza," the US Central Command (CENTCOM) said in a statement, adding that no US troops went ashore.

    1-min read
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  • BusinessReuters

    India's Mahindra & Mahindra jumps most in over three years on strong growth outlook

    Shares of Indian automaker Mahindra & Mahindra rose as much as 8% to a record high on Friday, its biggest intraday jump in over three years, on a strong growth outlook after its fourth-quarter results beat expectations. Mahindra's shares were trading 6.3% higher at 2,520 rupees, after seeing its biggest intraday percentage jump since April 2021. On Thursday, Mahindra reported fourth-quarter results that surpassed analysts' expectations on steady sales of its sports utility vehicles (SUV).

    2-min read
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