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HSBC Profit Slumps 65% In 2020 First Half, As COVID-19 Pandemic, US-China Tensions Take Toll
Monday, August 3, 2020 - 3:36am | 363Read More...HSBC Holdings plc (NYSE: HSBC) missed analyst expectations in the financial results for the first half of this financial year. H1 Earnings: The bank posted a profit before tax of $4.3 billion on Monday, a 65% decline year-over-year. It said the performance in the first half of...
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UPS Pilots Seek Option To Refuse Hong Kong Missions
Thursday, July 30, 2020 - 10:29am | 961Read More...The union representing United Parce Service, Inc. (NYSE: UPS) pilots has asked the express and freight delivery giant for the option to decline flight assignments to Hong Kong after the city tightened COVID screening requirements for aircrews. The Independent Pilots Association (IPA) wants the...
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Hong Kong National Security Law Fallout: US Tech Companies To Decline Law Enforcement Requests
Tuesday, July 7, 2020 - 4:34am | 410Read More...Several United States-based tech companies such as Alphabet Inc (NASDAQ GOOGL) (NASDAQ: GOOG), Facebook Inc (NASDAQ: FB), and Twitter Inc (NYSE: TWTR) will no longer provide Hong Kong Law enforcement with user data. What Happened On Monday, Facebook and Whatsapp, the company’s...
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Gene Munster Talks WhatsApp, Facebook And Doing 'The Right Thing'
Monday, July 6, 2020 - 1:34pm | 393Read More...WhatsApp will no longer assist Hong Kong law enforcement with user data sharing, and Loup Ventures' Gene Munster told CNBC that this is consistent with parent company Facebook, Inc. (NASDAQ: FB) wanting to "do the right thing." What Happened: Facebook is trying to...
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Hong Kong Police Enforce New Security Law, China Warns UK Not To Interfere
Thursday, July 2, 2020 - 5:18pm | 401Read More...The Chinese government’s new national security law, which took effect Tuesday, has triggered another rally with thousands of protesters showing defiance in Hong Kong and risking prison to chant slogans of liberation. What Happened: China says the new security law aims to...
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How Hong Kong's New Security Law May Affect Local Investments
Wednesday, July 1, 2020 - 2:07pm | 669Read More...The Chinese government’s new national security law drew international pushback as it took effect Tuesday in Hong Kong. China says the law aims to prevent secession, terrorism, foreign interference and attempts to subvert state power — but critics say it undermines the former...
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JD.com Shares Surge In Hong Kong Debut
Thursday, June 18, 2020 - 4:45am | 272Read More...The shares of JD.com Inc. (NASDAQ: JD) were trading 3.54% higher in its Hong Kong debut at press time on Wednesday. What Happened The Chinese e-commerce company had raised nearly $3.9 billion (HKD 30 billion) in its secondary public offering in the autonomous city last week, selling 133 million...
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Twitter Shuts Down More Than 170,000 Accounts Linked To Chinese Government
Friday, June 12, 2020 - 7:11am | 349Read More...Twitter Inc. (NYSE: TWTR) announced Thursday it had shut down over 170,000 accounts for pushing deceptive narratives about political dynamics in Hong Kong favorable to the Communist Party of China (CCP). What Happened In an attempt to prevent the efforts of governments seeking to push their...
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Zoom Admits It Removed US Activist Accounts On China Government 'Request'
Friday, June 12, 2020 - 2:10am | 376Read More...Zoom Technologies Inc. (NASDAQ: ZM) on Thursday admitted it had removed two activist accounts in the United States and one in Hong Kong upon a request from the Government of China. Chinese Government Requested Action "In May and early June, we were notified by the Chinese government about four...
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Chinese Internet Giant NetEase's Shares Surge In Hong Kong On Debut
Thursday, June 11, 2020 - 4:40am | 418Read More...NetEase Inc. (NASDAQ: NTES) shares soared by over 8% on the first day of trading in Hong Kong, amid rising tensions between the United States and China. What Happened NetEase, an internet company from China engaged in gaming, education, and music streaming, has also been listed on the Nasdaq since...
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Chinese Companies Delay US Listings Due To Escalating Tensions
Wednesday, June 10, 2020 - 8:38am | 463Read More...Chinese companies are delaying their listings on exchanges in the United States as the relationship between the two countries continues to deteriorate. What Happened Companies in China, especially those in the early stages of planning, are losing interest in listing on American exchanges after the...
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HSBC Backs China's New National Security Law For Hong Kong As It Seeks Stability In Key Market
Thursday, June 4, 2020 - 10:01am | 294Read More...HSBC Holdings plc (NYSE: HSBC) has publicly backed China's controversial national security law for semi-autonomous city Hong Kong, Reuters reported Wednesday. What Happened The Asia Chief Executive at Europe's largest bank, Peter Wong, signed a petition backing the law aimed at further...
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IWG Takes Over WeWork's Office Space In Hong Kong
Wednesday, June 3, 2020 - 7:28am | 389Read More...IWG Plc. (OTC: IWGFF), formerly known as Regus, a flexible workspace firm has taken over rival WeWork’s Hong Kong office space in an expansion drive. What Happened IWG took over an office located at Hysan Place in Hong Kong that was vacated by WeWork as a part of its retrenchment...
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House Republicans To Introduce Bill Banning Investments In China-Linked Foreign Defense Companies
Monday, June 1, 2020 - 5:33am | 369Read More...Three Republican lawmakers in the House of Representatives are planning to unveil new legislation aimed at curbing United States investment into Chinese military-linked defense companies later this week, Reuters reported Monday. What Happened The bill, prepared by Wisconsin Representative Mike...
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4 Key Takeaways From Trump's China Presser: Hong Kong, WHO And More
Friday, May 29, 2020 - 4:05pm | 306Read More...President Donald Trump on Friday afternoon announced a number of changes concerning the World Health Organization and Hong Kong. Among the key takeaways, the "phase one" trade deal with China remains intact. 1. Hong Kong Loses Its Special Status Hong Kong will lose its special status and...
