A surge in coronavirus cases worldwide has taken the gloss of optimism sparked by the announcement that two leading coronavirus candidates are potentially very effective. US Treasuries climb as investors retreat to safety.
The pandemic has changed the way the world works and with more people setting up office in their homes on distributed networks, the threat of phishing and other digital attacks has risen. Kerry Singleton tells Asia Times Financial TV that the time is ripe for a cybersecurity rethink.
The benchmark ATF China Bond 50 Index’s record run of gains came to a crashing halt as the securities of state-owned enterprises staged their biggest decline in two months on growing default concern.
05 STAR Market ETFs
The first four exchange traded funds (ETFs) to track Shanghai Stock Exchange’s Nasdaq-style STAR Market have started trading; they can be bought and sold in the same way as company stocks and provide investors access to the market’s top 50 firms.
With two vaccines showing signs they can eradicate coronavirus, economists, analysts and medical experts alike are declaring there’s light at the end of the tunnel for a year that brought down economies and reshaped the world.
A domestic consortium led by Shenzhen’s local government said it was necessary to keep the brand alive amid "tremendous" supply-chain pressures caused by US sanctions; the sale will allow the brand to source components without being affected by US restrictions.
"We make up 25% ... of the economy in the world. We need to be aligned with the other democracies, another 25% or more so that we can set the rules of the road instead of having China and others dictate outcomes because they are the only game in town."
President-elect Joe Biden on future US relations with China