Sunday, January 23, 2022
Home > Asia Economy

Pegasus Asia discusses its SPAC debut in Singapore and its interest in Southeast Asia

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailNeil Parekh of Pegasus Asia, a special purpose acquisition company, says he's confident that it can separate the "wheat from the chaff" and is focusing on sub-sectors like fintech, medical technology and digital services. Source link

Read More

China’s digital yuan notches $8.3 billion in transactions in 6 months, taking a tiny share of payments

A sign for China's digital currency, the electronic Chinese yuan (e-CNY) is displayed at a shopping mall in Shanghai on March 8, 2021.STR | AFP | Getty ImagesBEIJING — In a country where consumer payments are measured in the trillions, China's digital yuan has made little headway, according to

Read More

China’s economy grew 8.1% in 2021 compared to a year ago

Volunteers wearing personal protective equipment (PPE) arrange food deliveries on Nov. 26, 2021, for a Shanghai residential area that's under restrictions to halt the spread of Covid-19.Yin Liqin | China News Service | Getty ImagesBEIJING — China's economy grew by 8.1% in 2021, and industrial production rose steadily through

Read More

Here’s the full list of the best-selling electric cars in China for 2021

A Neta (Nezha) V electric car is on display at the Hozon Auto stand during an auto show in Tianjin, China, on Oct. 4, 2021.VCG | Visual China Group | Getty ImagesBEIJING — Tesla and BYD remained by far the market leaders in China's electric car market in 2021,

Read More

Citi to sell consumer business in Malaysia, Indonesia, Thailand and Vietnam to UOB Group

A Citibank branch in New York, U.S., on Friday, Jan. 7, 2022.Victor J. Blue | Bloomberg | Getty ImagesCitigroup will sell its consumer banking businesses in Indonesia, Malaysia, Thailand and Vietnam to Singapore's United Overseas Bank, the banks announced Friday.As part of the deal, UOB said it will acquire

Read More

China’s December exports rose 20.9% from a year ago, slightly more than expected

Containers sit at the Yangshan Port in Shanghai, China, Aug. 6, 2019.Aly Song | ReutersBEIJING — China's exports grew slightly more than expected in December, while imports rose less than expected, according to customs data released Friday.Exports rose by 20.9% year-on-year in U.S. dollar-terms, above the 20% increase forecast

Read More

UBS says the Fed is likely behind the curve in shrinking its balance sheet

The Federal Reserve is behind the curve when it comes to shrinking the balance sheet, according to UBS Global Wealth Management's Kelvin Tay. Fed Chairman Jerome Powell said Tuesday that he expects a series of interest rate hikes this year, along with other reductions in the extraordinary help the central bank has

Read More