Category: Business

China Stocks Flat, Hang Seng Tech Sinks to One-Year Low as Middle East Tensions Weigh

By Jiaxing Li China stocks closed largely flat in choppy trading on Monday, while Hong Kong shares tumbled, as the escalating conflict in the Middle East continued to dent risk appetite in broader Asia markets. The ...

After Gulf Conflict, China Is Likely to Deepen Its Regional Engagement

A reporter asked me today to look beyond the current turmoil in the Persian Gulf to forecast how China might respond when the fighting eventually stops. The crux of his question is whether Beijing will remain as engaged in the Persian Gulf as it has been for ...

China, Hong Kong Stocks Tumble as Escalating Iran War Rattles Markets

Stocks in China and Hong Kong are on track for their worst day in nearly a year as the escalating war in the Middle East fans stagflation fears and roils global financial markets. Investors dumped stocks in sectors ranging from tech ...

Cathay Suspends Dubai, Riyadh Flights Until April 30 Over Middle East War

Hong Kong aviation giant Cathay Pacific has suspended flights to and from Dubai and Riyadh until the end of April over the war in the Middle East. "In view of the developing situation in the Middle East," all Cathay Pacific flights ...

Egypt Eyes Deeper Yuan Ties With China

In a call with Chinese Foreign Minister Wang Yi, Egyptian Foreign Minister Badr Abdelattyi signaled Cairo's interest in doubling the value of its existing currency swap agreement with Beijing—a move that would reduce Egypt's reliance on dollar-denominated financing for bilateral trade. ...

Analysis from Cobus van Staden

The End of the Oil Order Is Here and China Is Already Winning

The Iran war has been a real education in how global orders change. The system built on the immutable logic of oil and gas trade seemed as solid as a continent. Now it looks as wobbly as a Jenga tower.
While the war is hastening the end of the fossil fuel era, it also shows how completely U.S. power in the world has been synonymous with hydrocarbons. 

Get ...

Cathay Says Surcharge to Rise as Fuel Prices Jump During Mideast War

By Tommy Wang Hong Kong aviation giant Cathay Pacific said on Wednesday that fuel surcharges would rise after prices soared in March with the outbreak of war in the Middle East. The price of fuel ...

Senegal Clears Chinese Firm’s Sanitary Pads After Probe Into Expired Materials

Senegal's minister of health said on Thursday that menstrual pads made by a leading Chinese firm embroiled in a scandal over expired materials were safe for consumers, following an investigation. Products containing expired polyethylene film made by the company Softcare were ...

Chinese Experts Warn Investors to Reconsider Gulf Bets as Middle East Risks Escalate

In the face of historic security threats across the Middle East, Chinese economic and legal experts are urging investors to implement geopolitical risk management immediately.  The warning specifically targets the Gulf states, a region that has become a premier hotspot for ...

Shanghai Stocks Retreat from Decade High; HK Extends Losses on Mideast Conflict

Shanghai shares briefly touched a decade high before reversing to trade lower by midday on Tuesday, while Hong Kong stocks extended their decline, as the Middle East war dampened sentiment and fuelled risk aversion across regional markets. ** The U.S.-Israel ...

Shanghai Stocks Close at 10-Year High as Iran Conflict Boosts Energy and Gold Shares; HK Drops

Shanghai stocks closed at a 10-year high on Monday, bucking regional weakness in the wake of the Iran conflict as investors snapped up energy, gold and defense shares. Mainland sentiment was supported by expectations that Beijing may step in to steady markets ahead of a ...

China Stocks Steady as Surges in Energy, Defense Shares Offset Airline Losses; HK Drops

China's equity benchmarks were little changed on Monday in the wake of the Iran conflict as surges in energy, defense and gold stocks offset plunges in airline and tourism shares. Mainland sentiment was supported by expectations that Beijing may step in ...

Asian Oil Buyers Assess Stockpiles, Middle East Alternatives as Iran Conflict Escalates

By Heejin Kim and Nidhi Verma Asian governments and refiners rushed to assess oil stockpiles as well as alternative shipping routes and supplies as the Iran conflict disrupted shipping in the crucial 
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