Amended prices seen at a self-service laundromat in Manchester on September 7, 2022. More than 1 million more people will be forced into poverty this winter, pushing UK deprivation levels to their highest for two decades even if the government freezes energy prices at current levels, according to media reports. Photo: AP
China trade
China’s electric blanket exports soar as Europe fights fuel costs
27 Sep 2022 - 11:32AM

Europe is bracing for a difficult winter as soaring natural gas prices and a supply crunch driven by Russia’s war in Ukraine prompt governments to draw up energy rationing plans.

Amended prices seen at a self-service laundromat in Manchester on September 7, 2022. More than 1 million more people will be forced into poverty this winter, pushing UK deprivation levels to their highest for two decades even if the government freezes energy prices at current levels, according to media reports. Photo: AP
China’s electric blanket exports soar as Europe fights fuel costs

Europe is bracing for a difficult winter as soaring natural gas prices and a supply crunch driven by Russia’s war in Ukraine prompt governments to draw up energy rationing plans.

27 Sep 2022 - 11:32AM
Li Ka-shing’s flagship CK Asset bears brunt of sell-off on slumping pound

Hong Kong-listed companies controlled by the Li Ka-shing family led a decline among local stocks that have the most exposure to the UK after the British pound fell to a record low against the dollar on Monday.

26 Sep 2022 - 6:18PM
Investors dump risk assets in global market rout as fear gauge soars

A surge in the US dollar to a fresh record swept aside global currencies, causing the euro to slide to its weakest since 2002, while sterling hit its lowest in 37 years.

24 Sep 2022 - 12:25PM
A currency board shows the British pound, euro and US dollar in London. The British pound fell to its lowest against the US dollar on Monday. Photo: EPA-EFE
Li Ka-shing’s flagship CK Asset bears brunt of sell-off on slumping pound

Hong Kong-listed companies controlled by the Li Ka-shing family led a decline among local stocks that have the most exposure to the UK after the British pound fell to a record low against the dollar on Monday.

26 Sep 2022 - 6:18PM
Global interest rates
Investors dump risk assets in global market rout as fear gauge soars

A surge in the US dollar to a fresh record swept aside global currencies, causing the euro to slide to its weakest since 2002, while sterling hit its lowest in 37 years.

A surge in the US dollar to a fresh record swept aside global currencies, causing the euro to slide to its weakest since 2002, while sterling hit its lowest in 37 years.

24 Sep 2022 - 12:25PM
Business of climate change
Hong Kong close to setting up voluntary carbon trading platform

Having formed partnerships with potential buyers and sellers to better understand their needs, Hong Kong Exchanges and Clearing is building the infrastructure for ‘a first class platform,’ says its CEO, Nicolas Aguzin

Having formed partnerships with potential buyers and sellers to better understand their needs, Hong Kong Exchanges and Clearing is building the infrastructure for ‘a first class platform,’ says its CEO, Nicolas Aguzin

22 Sep 2022 - 7:13PM
PwC, KPMG are first firms to host US audit regulator in Hong Kong: sources

PwC Hong Kong and KPMG China are the first two audit firms picked by the US audit regulator to carry out soon-to-start historic inspections in Hong Kong, according to two sources.

15 Sep 2022 - 12:32PM
PwC, KPMG are first firms to host US audit regulator in Hong Kong: sources
Southeast Asia’s largest bank DBS aims to cut financed emissions from steel

The pledge is likely to prove challenging, as the lender is heavily exposed to the industry-dominant markets of China and India.

14 Sep 2022 - 3:26PM
Southeast Asia’s largest bank DBS aims to cut financed emissions from steel
Hong Kong close to setting up voluntary carbon trading platform

Having formed partnerships with potential buyers and sellers to better understand their needs, Hong Kong Exchanges and Clearing is building the infrastructure for ‘a first class platform,’ says its CEO, Nicolas Aguzin

22 Sep 2022 - 7:13PM
PwC, KPMG are first firms to host US audit regulator in Hong Kong: sources

PwC Hong Kong and KPMG China are the first two audit firms picked by the US audit regulator to carry out soon-to-start historic inspections in Hong Kong, according to two sources.

15 Sep 2022 - 12:32PM
Southeast Asia’s largest bank DBS aims to cut financed emissions from steel

The pledge is likely to prove challenging, as the lender is heavily exposed to the industry-dominant markets of China and India.

14 Sep 2022 - 3:26PM

Commodities | OPINION

Wind turbines stretch into the distance in Dadingzi Mountain Forest Park, Raohe, in China’s Heilongjiang province, on June 19. Just because the tech bubble has burst doesn’t mean there are no worthwhile roads left to take. Photo: Xinhua
Macroscope | Market slump is perfect time to launch climate banks and bonds

Markets have done a bad job of channelling investment into needed areas, especially climate change. Specialised public climate banks, launched from scratch or spun off from development banks, could change all that – and attract the trillions of dollars exiting stocks.

18 Jul 2022 - 1:30AM
Opinion | How China’s zero-Covid policy is tipping the world into recession

Persistent lockdowns and hardening political rhetoric suggest China’s zero-tolerance approach to Covid-19 will stay in place. Collapsing demand, falling middle-class income, supply chain disruptions and a weakening yuan will have consequences that ripple across the globe.

Persistent lockdowns and hardening political rhetoric suggest China’s zero-tolerance approach to Covid-19 will stay in place. Collapsing demand, falling middle-class income, supply chain disruptions and a weakening yuan will have consequences that ripple across the globe.

16 May 2022 - 8:45AM
How China’s zero-Covid policy is tipping the world into recession
Macroscope | Russia’s Ukraine invasion is a ‘Lehman moment’ for global economy

Investors were caught off guard both by Russia’s escalation of the conflict and the West’s resolve to punish Moscow. The shock from sanctions against a commodities powerhouse makes the conflict a defining moment for a global economy still recovering from the pandemic.

Investors were caught off guard both by Russia’s escalation of the conflict and the West’s resolve to punish Moscow. The shock from sanctions against a commodities powerhouse makes the conflict a defining moment for a global economy still recovering from the pandemic.

11 Mar 2022 - 4:56AM
Russia’s Ukraine invasion is a ‘Lehman moment’ for global economy

Commodities | Explore more