Large crowds were beginning to gather in Hong Kong ahead of another mass rally Sunday as public anger seethed following unprecedented clashes between protesters and police over an extradition law, despite a climb-down by the city's embattled leader. Organizers were hoping for another mammoth turnout ...
How Hong Kong protests and Beijing pressure forced Carrie Lam to cave on extradition bill
With an escalating U.S. trade war, a faltering economy and tensions in the South China Sea vexing her bosses in Beijing, Hong Kong Chief Executive Carrie Lam appeared in no mood to compromise on a planned extradition law at recent meetings, according to foreign ...
Japanese companies opposed to U.S. slapping additional tariffs on Chinese goods
U.S. subsidiaries of Japanese companies, as well as American and Chinese businesses, have voiced opposition to President Donald Trump's proposed tariffs of up to 25 percent on an additional $300 billion of Chinese products. Companies such as Epson America Inc., Sony Interactive Entertainment LLC and ...
Following protests, plans for controversial Hong Kong extradition bill 'suspended' indefinitely
Hong Kong's embattled chief executive, Carrie Lam, on Saturday said a divisive bill that would allow extraditions to China will be "suspended" indefinitely — a major climb-down by her government after a week of unprecedented protests. Lam has come under huge pressure to abandon the ...
Hong Kong girded for another mass march against a China-backed extradition bill Sunday as the city's leader, Carrie Lam, faced new calls to withdraw the legislation after clashes between protesters and police. The government may suspend the controversial bill to defuse tensions, local media reported. ...
Company in China-Taiwan group forgoes assistance to Japan Display, leaving bailout up in the air
A Taiwanese company that is part of a consortium planning to offer bailout funds to struggling Japan Display Inc. has decided to forgo providing the funds, sources said Saturday. The move deepens uncertainty over whether the maker of smartphone screens and Apple Inc. supplier can ...
Wall Street learns hard lesson on why not to say 'pig' in China
Wall Street is getting a costly language lesson. For financial professionals around the globe this past week, rising trade tensions and fears of a slowdown were no match for an unlikely drama suddenly unfolding in China: UBS Group AG's struggle to quell a public uproar ...
Former chemistry teacher Zhong Huijuan becomes richest self-made woman in Asia
Two days ago, Zhong Huijuan wasn't even the richest person in her family. Now she has become the wealthiest self-made woman in Asia with a $10.5 billion fortune, according to the Bloomberg Billionaires Index. The bulk of her wealth comes from her stake in Hansoh ...
China denies its vessel intentionally hit Filipino boat that sunk
China has acknowledged its fishing vessel hit a Filipino boat in the disputed South China Sea in an incident that prompted an outcry in the Philippines but denies the collision was intentional. The Philippines has filed a diplomatic protest after Filipino fishermen said a Chinese ...
Hong Kong tycoons start moving assets offshore as fears rise over new extradition law
Some Hong Kong tycoons have started moving personal wealth offshore as concern deepens over a local government plan to allow extraditions of suspects to face trial in China for the first time, according to financial advisers, bankers and lawyers familiar with such transactions. One tycoon, ...
The blasts detonated far from the bustling megacities of Asia, but the attack this week on two tankers in the strategic Strait of Hormuz hits at the heart of the region's oil import-dependent economies. While the violence only directly jolted two countries in the region ...
U.S. has 'deep concerns' about U.N. official's trip to China
The U.S. government expressed deep concerns to the U.N. about a reported trip by the U.N. counterterrorism chief to the restive Xinjiang region in China's far west. Deputy Secretary of State John Sullivan, in a phone call Friday with U.N. Secretary-General Antonio Guterres, called the ...
