Markets

China's central bank on Tuesday issued a revised draft law on money laundering, vowing to ramp up punishment on money laundering activities.

China plans to cut 236 million tonnes of steel capacity during its 14th five-year planning period from 2021 to 2025, the China Iron and Steel Association said in a statement, citing its chairman He Wenbo.

Hong Kong retail sales rose 12.1per cent in April from a year earlier, the third consecutive month of growth, boosted by an easing coronavirus threat and a low base of comparison early last year.

TAIPEI: Taiwan said on Tuesday it had approved Taishin Financial Holding Co Ltd's purchase of Prudential Financial Inc's Taiwan unit, which it agreed to buy last year for TUS$5.5 billion (US$199.41 million). Taiwan's Financial Supervisory Commission said it had granted the approval on Monday. ...

Shares in Chinese toy makers, diaper producers and infant food companies soared for the second day on Tuesday, as investors piled into stocks seen as benefitting from Beijing's new three-child policy.

TAIPEI: Foxconn and its billionaire founder Terry Gou sought permission from Taiwan's government on Tuesday (Jun 1) to buy COVID-19 vaccines from Germany's BioNTech as the island grapples with a rise in infections. The proposed purchase of 5 million doses, which would be distributed among the ...

TAIPEI -Foxconn and its billionaire founder Terry Gou sought permission from Taiwan's government on Tuesday to buy COVID-19 vaccines from Germany's BioNTech SE after the island was hit with a rise in infections. The proposed purchase of 5 million doses, which would be distributed among the ...

China saw its macro leverage ratio of the real economy decline by 3.6 percentage points year-on-year in the first quarter of this year, the top banking and insurance regulator said on Tuesday.

HONG KONG: Hong Kong plans to introduce a real-name registration system for mobile phone pre-paid SIM cards in September in a bid to fight crime in the financial hub, the government said on Tuesday, a move that is likely to stoke privacy and surveillance concerns. Commerce Secretary Edward Yau...

India is likely to receive 101per cent rainfall of a long-term average this year, the weather office said, upgrading its previous forecast and raising expectations for higher farm output in the country, which is reeling from a second COVID-19 wave.