china

 
 

South Korea’s SK Hynix profits slump 69pc in first quarter

SEOUL, April 26 — South Korea’s SK Hynix, the world’s second-largest memory chip maker, saw operating profits plunge more than two-thirds in the first quarter in the face of lower prices, it said yesterday. Korean chipmakers — led by the…


Britain and China to hold new round of financial talks in London in June

LONDON, April 26 — Britain and China will hold the next round of their Economic and Financial Dialogue (EFD) in mid-June in London, finance minister Philip Hammond said yesterday, after months of reports that talks had been delayed by diplomatic…


China set to buy an additional RM4.56b worth of Malaysian palm oil

KUALA LUMPUR, April 25 — China plans to purchase an additional 1.9 million tonnes of Malaysian palm oil, with an estimated value of RM4.56 billion, over the next five years. This proposed direct purchase of palm oil and palm oil-based products is…


Nokia plunges to surprise quarterly loss, shares hit six-month low

HELSINKI, April 25 — Finland’s Nokia plunged to a surprise quarterly loss after it failed to supply 5G telecoms equipment in time, and said the security dispute surrounding rival Huawei was creating pressure to invest as customers reassess their…


Brent oil hits near six-month high above US$75 per barrel

LONDON, April 25 — Brent North Sea crude hit a near six-month high above US$75 per barrel today on supply concerns that have been worsened by the United States tightening the screw on sanctions-hit Iran. Brent for delivery in June jumped to…


5G competition, delays drop Nokia into deeper losses

HELSINKI, April 25 — Intensifying competition and delays in rolling out 5G equipment for the next generation of mobile phone networks pushed Nokia deeper into the red in the first quarter, the company said today. Net losses more than doubled from…


Philippines says won't bar Chinese proposals for shipyard takeover

MANILA, April 25 — All offers from potential buyers of a strategically located but debt-laden Philippine shipyard will be welcome, the trade minister said today, ruling out barring Chinese firms over national security fears. Trade Secretary Ramon…


China’s island cities: Treasure or trouble for Asia?

COLOMBO, April 25 — A high-rise city the size of central London rising out of the ocean next to Sri Lanka’s capital is laying down another marker for China’s global infrastructure ambitions whose epic scope is sounding alarm bells in Asia and…


China aims to make Belt and Road sustainable, prevent debt risks

BEIJING, April 25 — China aims to make the Belt and Road initiative sustainable and prevent debt risks, finance minister Liu Kun said today, seeking to allay criticism that its infrastructure plan to boost trade and investment fuels indebtedness…


Asian shares dip, euro weighed by sagging German business morale

TOKYO, April 25 — Asian shares slipped today as a surprise deterioration in German business morale rekindled fears of slowing global growth, while oil prices pulled back slightly after a sharp run-up earlier in the week. The euro slumped to a…