PayPal to launch local wallet in China focused on cross-border payments
In January, the PayPal became the first foreign firm with 100% ownership of a payments platform in China but has so far been quiet on its plans.
CNBC Asia
China stocks lead gains in Asia-Pacific; India markets plunge as Covid infections continue to surge
India's markets tumbled in Monday trade as both the Nifty 50 and BSE Sensex dropped around 2% each, as of about 1:52 p.m. local time.
Major Asian bank says it’s not practical in the short term to cut off clients in the coal business
Singapore's largest bank DBS on Friday that it aims to not loan money to thermal coal projects by 2039.
China is starting clinical trials of a Covid vaccine that can be inhaled
CEO of CanSino Biologics, Xuefeng Yu, said a vaccine that's inhaled could be more effective than those injected.
Covid infection rate is approaching highest level ever, WHO chief warns
The number of new cases per week has nearly doubled over the past two months, WHO Director-General Tedros Adhanom Ghebreyesus said.
Asia-Pacific stocks edge up as China's first quarter GDP print slightly misses expectations
China's gross domestic product surged 18.3% in the first three months of the year from a year ago, the country's National Bureau of Statistics said Friday.
Malaysian opposition leader Anwar says he's not talking to ex-Prime Minister Najib about joining forces
Speculation has been rife that the Anwar and Najib, who are two political opponents, would join forces to go against Prime Minister Muhyiddin Yassin.
China says its economy grew 18.3% in the first quarter, slightly missing expectations
Analysts expected first-quarter GDP to increase 19% from a year ago, when the economy shrank by 6.8% during the height of the domestic outbreak of Covid-19.
Engineering professor says Japan's plan to dump treated radioactive water in the sea is not dangerous
Brent Heuser of University of Illinois said filtering the water will remove most radioactive elements, leaving only tritium that's not harmful in small amounts.
India's second wave of Covid shows no signs of slowing as country reports over 200,000 new cases
Since the beginning of April, India has reported more than 1.9 million new cases and over 10,600 deaths, per CNBC's calculations of health ministry data.
Sustainable investing is not new to China — but complying to a formal framework is, says CEO
Environmental, social and governance frameworks are "relatively new" in China, said Li Yimei of China Asset Management.
Taiwan leads gains as other Asia-Pacific markets struggle for direction
Australia's unemployment rate for March came in at 5.6%, according to seasonally adjusted estimates released by the Australian Bureau of Statistics on Thursday.
Biden seeks closer ties with Japan as the U.S. prepares to challenge China
U.S. President Joe Biden will hold his first in-person summit with a foreign leader on Friday when Japanese Prime Minister Yoshihide Suga heads to Washington.
Chinese Tesla rival Xpeng Motors launches sedan with new driverless features as EV race heats up
Xpeng Motors launched the P5, a sedan with new self-driving features and Lidar technology, as it looks to race ahead in China's ultra-competitive auto market.
China leads gains among major Asia-Pacific markets as tech shares in Hong Kong rebound
Hong Kong-listed shares of Chinese tech firms jumped on Wednesday after 12 companies signaled compliance with antitrust laws.
China slaps Alibaba with $2.8 billion fine in anti-monopoly probe
In a Saturday statement, China's State Administration for Market Regulation accused Alibaba of abusing its market dominance.
Chinese tech stocks rally after anti-monopoly pledge as regulators sharpen claws
Twelve major Chinese technology companies pledged Wednesday to comply with anti-monopoly rules, according to statements shared by the national market regulator.
IMF warns of a weaker economic recovery in Southeast Asia as Covid restrictions linger
The IMF expects the five largest developing economies in Southeast Asia to collectively grow by 4.9% in 2021, down from its previous projection of 5.2%.
Singapore's economy unexpectedly grows in the first quarter of 2021
Analysts polled by Reuters had expected the Singapore economy to shrink 0.2% in the first quarter from a year ago.
Biden meets today with executives on chip shortage as U.S. auto industry feels the pain
Biden could try to pressure chipmakers; he's also backed proposals for tax incentives to U.S. manufacturers to make the critical parts in America.
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