Your Daily Scan of the New Global Economy

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China
China’s new home prices rise 0.71 per cent in May, accelerating at the fastest pace in six month China’s new home prices rose at an accelerated pace in May, bolstered by robust gains in lower-tier cities, while Shanghai and other top tier cities recorded modest to flat growth amid indicators that pointed to slowing investment...
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Australia’s property market has the right catalysts for a rebound: record low interest rates and investor-friendly government Record low interest rates and the re-election of a business friendly government will provide a boost to a slumping Australian property market, according to market observers.This month the Reserve Bank of Australia embarked on its first rate cut...
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Stocks Blog: Will 'protest bounce' boost Hong Kong stocks a second day? Good day traders. So, Hong Kong stocks picked up Monday — ending a three-day losing streak — after the city’s leader indefinitely shelved the controversial extradition proposal that spurred huge protests. Can that carry over today, as traders await the Wednesday overnight meeting...
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Hong Kong investors snap up affordable property in Malaysia with an eye on retirement Homebuyers in Hong Kong are looking at Malaysian property as second homes and for retirement, with Kuala Lumpur, Penang and Johor Bahru garnering a lot of interest because of affordable prices amid a supply glut.Terence Law, senior principle project director at...
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Hong Kong’s extradition turmoil won’t dampen the property market greatly – but China’s economy might As a keen observer of global markets, I have learned not to be dismissive of political risks, especially those that are downplayed by investors yet have the potential to affect sentiment significantly, and may even pose a systemic threat.In the...
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Huawei boss predicts drop in revenue but vows no cutbacks ATTACKS from the United States will not stop Huawei from moving forward, founder and CEO Ren Zhengfei said yesterday. Ren estimated that the company’s revenues could drop to around US$100 billion this year and the next, but he expected a revival in 2021. Ren made...
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Weekly home deals rebound on new supply Sentiment among home buyers rebounded in Shanghai last week amid improved new supply, pushing weekly transactions back to a six-digit level.The area of new residential properties, excluding government-subsidized affordable housing, jumped 43 percent to around 131,000 square meters in the seven days to Sunday, Shanghai Centaline Property Consultants...
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Airbus launches newer version of A321neo jet Airbus launched a long-range version of its A321neo jet at the Paris Airshow yesterday, aiming to carve out new routes for airlines with smaller planes and steal a march on rival Boeing’s plans for a possible new mid-market jet.“We can fly from northeastern Asia into South Asia, from...
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Stocks end mixed amid turnover fall China’s A-share markets posted mixed results yesterday, with most sectors suffering losses. The combined turnover of the two bourses fell.The benchmark Shanghai Composite Index advanced by 0.20 percent, or 5.65 points, to finish at 2,887.62 points.The smaller Shenzhen Component Index fell by 0.33 percent to end at around 8,780.87...
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Landmark deal allows UK and China to sell shares BRITAIN and China began selling shares in each other’s companies yesterday under a groundbreaking agreement, the United Kingdom’s Treasury announced, as London looks to remain a leading financial center post-Brexit. The London-Shanghai Stock Connect marks the first time that any foreign company will be able to...
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