Monday, January 25 2021 | ASIA TODAY INTERNATIONAL - Reporting the Business that Matters in Asia
HONG KONG -- While stabilisation of markets seems to be within reach with the introduction of new COVID-19 vaccines and new leadership in the US, investors should expect the process to be gradual and long, Manulife Investment Management says in its regional outlook for the year ahead. Structural changes caused by the pandemic will take time to reverse, it says.
PARIS -- Beyond the human tragedy of COVID-19, 2020 has left the world with a long list of economic consequences for the future - but they are not all negative, says BBVA Bank.
SHANGHAI - China's Xiaomi Corp. has launched its latest flagship smartphone two months ahead of schedule, as it accelerates its drive to grab more market share in China from sanctions-hobbled Huawei Technologies and its recently spun-off Honor budget brand.
HONG KONG -- China's move to take control of Sichuan Trust Co. Ltd. signals a growing assertiveness with the sector, according to global ratings agency Standard and Poor's. Chinese officials said the entity was plagued with governance issues, resulting in a swath of defaulted trust products, but S&P Global Ratings believes the authorities' action on Sichuan Trust demonstrates China's intention to continue its crackdown on trust entities specifically, and China's shadow bank sector generally, in 2021.
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