Town Hall News

By Julie Zhu HONG KONG (Reuters) -CICC Capital, a unit of leading Chinese investment bank China International Capital Corp (CICC), has decided to stop using consultancy Capvision Partners’ services, three sources said, as some financial firms review their ties with China’s largest “expert network” group. Capvision is the latest consultancy and due diligence firm to get caught in Beijing’s sweeping crackdown on what state media describes as “intensifying” law enforcement […]

WASHINGTON (Reuters) -The United States is encouraging the World Health Organization to invite Taiwan as an observer at its annual meeting in Geneva from May 21 to 30, Secretary of State Antony Blinken said on Tuesday. China, which considers Taiwan to be one of its provinces, began blocking its participation in the WHO’s annual assembly from 2017, in a diplomatic campaign to isolate the island, which rejects the Chinese sovereignty […]

(Corrects line on Mitsubishi Motors to say it made the comment last month, not last week) SHANGHAI (Reuters) -China is ground zero for the price war in electric vehicles and the battleground is shifting to SUV-styled EVs, the largest segment of the market, dominated by Tesla Inc and BYD. The market, crowded with more than 90 models, is about to get even tighter with at least 20 new models of […]

(Reuters) – China won their first title in 16 years when they beat South Korea in the Women’s Asian Cup final in 2022 and captain Wang Shanshan said they must now cope with the pressure of being regional champions at the World Cup. Wang scored five goals to be named the Asian Cup’s best player in February last year, China’s 3-2 win over the Koreans in the final showing how […]

HONG KONG (Reuters) -Hong Kong’s Security Chief Chris Tang criticised an opinion piece in the Wall Street Journal (WSJ) on a seizure by authorities of a statue commemorating Beijing’s Tiananmen Square crackdown on democracy protesters in 1989. Tang said in a letter to the newspaper that the WSJ opinion piece, titled “Subversive Art is a crime in Hong Kong”, contained “groundless remarks” that mislead readers, according to a copy posted […]

By Scott Murdoch and Lewis Jackson SYDNEY (Reuters) -Planning for Virgin Australia’s upcoming initial public offering (IPO) is “well advanced”, Chairman Ryan Cotton said on Wednesday in an internal email that also outlined bonus payments to the airline’s shareholders and staff after a return to profit. Cotton said Australia’s second-biggest airline was days away from finalising a capital return. Investors led by U.S. private equity firm Bain Capital will share […]

HONG KONG (Reuters) -Hong Kong’s Security Chief Chris Tang criticised an opinion piece in the Wall Street Journal (WSJ) on a seizure by authorities of a statue commemorating Beijing’s Tiananmen Square crackdown on democracy protesters in 1989. Tang said in a letter to the newspaper that the WSJ opinion piece, titled “Subversive Art is a crime in Hong Kong”, contained “groundless remarks” that mislead readers, according to a copy posted […]

By Karen Lema (Reuters) – Philippine President Ferdinand Marcos Jr has said the prospect of tensions escalating over Taiwan was a “grave concern” to Southeast Asian leaders and discussions about it were inevitable at this week’s summit in Indonesia. “Considering that we agree on the concept of ASEAN centrality when it comes to regional concerns, that will be one of the most important subjects that we will bring up,” Marcos […]

By Aditi Shah and Aditya Kalra NEW DELHI (Reuters) – The fate of India’s fourth-largest carrier Go Airlines (India) Ltd and its 7,000 employees is set to be decided on Wednesday, in a bankruptcy plea ruling that will also have major implications for foreign lessors trying to repossess planes. The low-cost carrier, recently rebranded as Go First, has said its financial crisis was sparked by “faulty” Pratt & Whitney engines […]