Asia Trade

The U.S. government's anti-trust lawsuit against Google, a global technology giant, will kick off in three years. It is the largest anti-trust lawsuit against Big Tech since a legal battle with Microsoft (MS), which dominated the browser market with a...

Apple, which is strengthening its music streaming service, has acquired the famous Swedish classical record label "BIS Records." BIS Records founder Robert von Barr said on the 5th (local time) that Apple had acquired his record company. "After careful consideration,...

Kingstown, Saint Vincent, and the Grenadines (1 September 2023) – Fullerton Markets, one of the fastest-growing brokerages in the Asia Pacific, has announced the launch of its groundbreaking Empowerpreneur Community, a transformative initiative that redefines the approach to financial empowerment....

China's largest real estate developer, Country Garden, reported record loss in the first half of this year, and it is possible to default. According to China's Caijingwang on the 30th, Country Garden posted a net loss of 48.932 billion yuan...

While the global smartphone market is shrinking due to the economic recession, it is predicted that the iPhone will continue to grow. Meanwhile, Samsung is expected to grow its foldable phone market, which was pioneered first, but its market share...

The Bank of China said on the 30th that a default occurred in LGFV (local government financing vehicles), a special corporation for financing of some local governments, and the quality of its assets deteriorated, Reuters reported. According to reports, the...

Some of China's state-run banks will soon cut interest rates on existing mortgage loans, Reuters reported on the 29th (local time). Reuters quoted multiple sources as saying that for some state-run banks, the interest rate on time deposits will also...

Stock trading of Evergrande, a real estate developer that sparked a crisis in the Chinese real estate industry after falling into a massive default two years ago, resumed on the 28th, 17 months after the suspension of trading. However, the...

China's largest real estate developer, Country Garden, which is in debt crisis, hurriedly put up its assets worth 1.291.5 billion yuan in Guangdong Province for sale to secure funds to resume suspended apartment construction. The Central News Agency said on...

The Chinese government has cut its stock transaction stamp duty for the first time in 15 years to revive the stock market amid an economic slowdown. According to Bloomberg News on the 27th, China's Ministry of Finance announced on the...