By Fanny Potkin, Shu Zhang and Tabita Diela JAKARTA/BEIJING Sep 21 : Indonesian authorities have generally opened their arms to fintech companies offering online loans in Southeast Asia’s biggest economy, viewing them as a way of getting credit to tens of millions of people often unable to access bank lending. But the arrival of a […]
Category: China
Chinese steel mills chase iron ore contracts with Brazil’s Vale
By Muyu Xu and Manolo Serapio Jr DALIAN, China, Sep 21 : Chinese steel mills and traders are rushing to secure long-term contracts for high-quality iron ore ahead of winter steel output cuts, a boon for the main supplier of such grades of the commodity, Brazilian mining giant Vale. China, the world’s biggest consumer of […]
China tightens embrace of Hong Kong with bullet train, other mega projects
By James Pomfret HONG KONG, Sep 21 : Hong Kong’s first bullet train glides out of a sleek harbourfront railway station bound for mainland China on Saturday, launching a new era of integration and raising fears for some for the territory’s cherished freedoms. Unlike other cross-border connections, the $11 billion train project has stoked considerable […]
China diesel demand picks up at fastest pace in at least five years
By Jessica Jaganathan and Meng Meng SINGAPORE/BEIJING, Sept 20 : – China’s diesel demand will grow at its fastest in at least five years as a pick-up in diesel-intensive sectors in the world’s second-biggest economy coincides with lower output from domestic refineries, several sources and analysts said. Estimates of the hike in diesel use from […]
Minneapolis prosecutors weighing evidence in JD.com CEO case
By Lawrence Delevingne Undated, Sept 20 : Prosecutors are weighing whether to bring charges against Richard Liu after the Minneapolis Police Department turned over the findings of its initial investigation into accusations of rape against the JD.com founder, according to a statement released on Thursday by the Hennepin County Attorney’s Office. There will be no […]
Leading Asian cardinal calls for Vatican foreign minister to resign over China dealings
By James Pomfret and Anne Marie Roantree HONG KONG, Sept 20 : A Hong Kong cardinal who has spearheaded opposition to the Vatican’s rapprochement with China called on Thursday for the Pope’s secretary of state to step down, saying any deal with Beijing would amount to a betrayal of the Catholic faith. The Vatican and […]