Biden's overture to Asian oil consumers serves warning to Opec+

WASHINGTON (REUTERS) – The Biden administration’s push for a coordinated release of oil stockpiles serves as a warning to the Opec+ production group that it should pump more oil to address concerns of high fuel prices in powerhouse economies like

Singapore central bank chief hopes Hong Kong, China will open up

SINGAPORE (BLOOMBERG) – Singapore’s central bank chief would like Hong Kong and China to open up quicker and more decisively over the next year as their strict border restrictions may impact business ties between the key Asian financial hubs. “I

US firms with Hong Kong headquarters hit 18-year low

HONG KONG (BLOOMBERG) – The number of American companies with regional headquarters in Hong Kong has fallen to an 18-year low, bolstering arguments that the city’s national security campaign and Covid Zero strategy are eroding its appeal as a global

China home sales plunge as Evergrande crisis deters buyers

BEIJING (BLOOMBERG) – China’s residential property slump dragged on last month as the debt crisis at China Evergrande Group spread to other developers, keeping buyers away. Home sales by value tumbled 16.9 per cent last month from a year earlier,