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Hong Kong stocks rose for a third day on Wednesday, heading for the longest streak in two weeks, as mounting expectations about an imminent cut in interest rates in the US drew investors back to the market.The Hang Seng Index advanced 0.6 per cent to 26,039.99 as of 10.17am local time. The Hang Seng Tech Index gained 0.5 per cent.On the mainland, the CSI 300 Index climbed 0.5 per cent and the Shanghai Composite Index added 0.2 per cent.Meituan rallied 6.6 per cent to HK$104.60 before its earnings card on Friday, while parcel delivery firm ZTO Express gained 3.5 per…

Meta Platforms is in talks to spend billions on Google’s AI chips, according to a report by The Information, adding to a months-long share rally as the search giant has made the case it can rival Nvidia as a leader in artificial intelligence technology.A deal would signal growing momentum for Google’s chips and long-term potential to challenge Nvidia’s market dominance, after the company earlier agreed to supply up to 1 million chips to Anthropic.Google owner Alphabet is on track to hit a US$4 trillion market valuation for the first time when trading opens in New York on Wednesday. Nvidia’s shares…

Escalating global conflicts could create opportunities for China’s private defence companies as customers, both at home and abroad, seek affordable and reliable military equipment, according to industry insiders.“The international landscape is highly favourable for our private enterprises’ participation in the defence industry,” said Li Yi, a researcher with Beihang University’s Shenzhen Research Institute. Li made the comments on Monday at a military exhibition in the southern city of Shenzhen.Li, a former member of the People’s Liberation Army armaments department, said the Russia-Ukraine war and the India-Pakistan conflict in May had accelerated the development of new equipment and forces.“These developments have…

Volkswagen Group has ramped up its “all in” strategy for China, banking on local development capabilities and a new electric vehicle (EV) architecture to fight back against domestic rivals and regain its leading position in the world’s largest vehicle market.The German carmaker’s China operations are now able to design and validate new models without going through approvals from headquarters, reducing development time and costs to respond quickly to local needs.On Tuesday, the company announced the formation of its Volkswagen Group China Technology Company (VCTC), which could “for the first time in Volkswagen’s history”, support the development and validation of new…

Volkswagen Group has ramped up its “all in” strategy for China, banking on local development capabilities and a new electric vehicle (EV) architecture to fight back against domestic rivals and regain its leading position in the world’s largest vehicle market.The German carmaker’s China operations are now able to design and validate new models without going through approvals from headquarters, reducing development time and costs to respond quickly to local needs.On Tuesday, the company announced the formation of its Volkswagen Group China Technology Company (VCTC), which could “for the first time in Volkswagen’s history”, support the development and validation of new…

WASHINGTON: The US government posted a higher USD284 billion deficit for October in a report delayed and impacted by the recent federal government shutdown and which reflected record tariff revenues offset by a shift of some November benefit payments into last month’s data, the Treasury Department said on Tuesday. The budget results for the first month of the 2026 fiscal year were delayed by a 43-day shutdown of many federal agencies, which caused delays of some payments, such as for salaries of government employees, a Treasury official said. The budget results for the first month of the 2026 fiscal year…

KARACHI: Atif Ikram Sheikh, President FPCCI, has said that the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has made a strong plea for the streamlining of business visa procedures with the Sultanate of Oman, stressing the issue a major requirement to achieve the true potential of Pak-Oman economic relations. He highlighted that the call comes as the FPCCI prepares to organise a major Single Country Exhibition in Oman, expected in January 2026 in coordination with Oman Chamber of Commerce & Industry (OCCI). Sheikh articulated the Federation’s ambitious vision for bilateral trade, emphasising that Pakistan views Oman as a…

Investment in Hong Kong’s commercial property more than tripled in the third quarter from a year earlier, making it the second-fastest growing market in the Asia-Pacific region amid rising confidence in the city’s bruised real estate sector, according to MSCI.Some US$4.9 billion was pumped into offices, data centres, retail spaces, hotels and senior housing in the September quarter, a year-on-year increase of 231 per cent, according to the data services provider, which compiled deals worth at least US$10 million. The investment was also the highest for any quarter since 2019, the New York-based company said.Malaysia was the region’s stand-out real…

Malaysian Prime Minister Anwar Ibrahim has insisted his country remains neutral as a mediator in the escalating border row between Thailand and Cambodia, as criticisms mount over his peacemaking role.The backlash reflects how divisive the conflict has become, with some factions in Thailand and Cambodia viewing foreign-brokered truces as harmful to their interests. Analysts say Anwar is keen to avoid provoking such sensitivities, mindful of deep-seated distrust in Thai–Cambodian relations and Asean’s non-interference principle.Speaking at a press conference on the sidelines of the G20 summit in Johannesburg on Saturday, Anwar said he had to “clear the air” following protests in…

SHANGHAI, CHINA – JUNE 08: Aerial view of skyscrapers standing at the Lujiazui Financial District at sunrise on June 8, 2022 in Shanghai, China.Vcg | Visual China Group | Getty ImagesAsia-Pacific markets were set to open higher Wednesday, tracking Wall Street gains on hopes that the U.S. Federal Reserve could cut benchmark interest rates in December.Expectations rose after Bloomberg reported that White House National Economic Council Director Kevin Hassett was being considered as the frontrunner to become the next Fed chair. Investors see Hassett as someone more likely to push the central bank toward a lower-rate environment favored by President Donald Trump.…