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British asset manager Schroders will continue to expand in Hong Kong to tap Asia-Pacific’s fast-growing wealth-management and pension businesses, as its top boss believes market uncertainty brought on by the US-China trade war will increase demand for its services.“The tariff issues and trade challenges are going forward, but it would not affect our commitment and investment in Hong Kong, mainland China and Taiwan,” Richard Oldfield, the firm’s group chief executive, said in Hong Kong earlier this month.“When we think about where wealth is growing the fastest, it is in Asia. When we think about ageing populations and the need across…

Scott Kennedy is a senior adviser and trustee chair in Chinese business and economics at the Washington-based Center for Strategic and International Studies think tank. He has visited China on numerous occasions over the past 37 years and written extensively on the country, particularly regarding its economic policy and relations with the United States.This interview first appeared in SCMP Plus. For other interviews in the Open Questions series, click here.On April 2, US President Donald Trump ramped up the trade war by announcing a “Liberation Day” package of tariffs. Their scale and magnitude shocked the world, as they were levied…

LAHORE: The 2nd Electric Vehicles (EV) conference held in Lahore on Saturday brought together industry leaders, policymakers, financiers, and climate advocates to accelerate discussions around Pakistan’s EV landscape, highlighting the sector’s promise and challenges. Organized by the Climate Action Centre (CAC) and PakEVO, and sponsored by Bank of Punjab, the conference marked an important step in aligning public and private efforts to foster EV adoption and localization in the country. Umer Khan, Head Investment Banking, FI & Corporate Banking Central at Bank of Punjab in his keynote expressed confidence about the prospects of EV and allied infrastructure in Pakistan. “Consistent…

Donald Trump’s trade war with Beijing is starting to affect the wider US economy as container port operators and air freight managers report sharp declines in goods transported from China.Logistics groups said container bookings to the US have fallen sharply since the introduction of 145 per cent tariffs on Chinese imports to the US.The Port of Los Angeles, the main route of entry for goods from China, expects scheduled arrivals in the week starting May 4 to be a third lower than a year before, while airfreight handlers have also reported sharp falls in bookings.Bookings for standard 20-foot shipping containers…

SEOUL, South Korea (AP) — North Korea confirmed Monday for the first time that it sent troops to Russia to support its war against Ukraine, saying the deployment was meant to help Russia regain its Kursk region that Ukrainian forces seized in a surprise incursion last year.U.S., South Korean and Ukraine intelligence officials have said North Korea dispatched about 10,000-12,000 troops to Russia last fall in its first participation in a major armed conflict since the end of the 1950-53 Korean War. But North Korea hadn’t confirmed or denied its reported troop deployments to Russia until Monday.The North Korean announcement…

U.S. President Donald Trump speaks to members of the media as he departs for Rome, Italy, to attend Pope Francis’ funeral, at the White House in Washington, D.C., U.S., April 25, 2025. Leah Millis | ReutersPresident Donald Trump’s approval rating is dipping as he nears 100 days in office and Americans grow skeptical of his sweeping actions to transform government, new polling shows.A trio of polls out Sunday show that a majority of Americans disapprove of Trump’s handling of the presidency. His approval rating — which hovers between 39% and 45% in the three surveys— is the lowest for any…

You may have heard I have a new book coming out, “How to Make Money in Any Market.” It’s got a simple premise. To save well you should own index funds, but, in addition, you should own five individual stocks. Why five? Simple, no matter what period I examined over the last 45 years — my time in the investing business — there were always a handful of stocks that generated outsized performance that I am confident you will find. This stock-picking probability was well-known until Wall Street fell prey to the “all index fund, all of the time” dogma — an…

At the huge industry show Auto Shanghai this week, BYD’s luxury Yangwang U8 SUV and other electric models such as Chery’s Exeed ET promised an unusually long range of more than 1 000 kilometres – using a petrol generator. (Sean Gallup/ Getty Images) Chinese companies have turned to an old-school solution to extend the range of their newest electric vehicle models – the petrol generator.The small petrol generator is connected to cars’ batteries and feeds them only when needed. The vehicles, known as EREVs, always run in 100% electric mode even though they consume petrol and emit toxic gases.For more…

The stock market bounce last week showed once again just how dependent Wall Street has become on the whims of the White House. Case in point: The S & P 500 sank more than 2% this past Monday as President Donald Trump was attacking Federal Reserve Chairman Jerome Powell and providing scant details on tariff talks. Then on Tuesday , things started to turn around. Treasury Secretary Scott Bessent said there “will be a de-escalation” in the trade war with China. It was the first day of what turned out to be a three-session rally for the S & P…

The actions of Donald Trump are fanning growing uncertainty in Taiwan regarding the reliability of American support.Before the April 2 announcement, the Lai administration believed that Taiwanese exports to the US would face tariffs of 10 per cent at most. The 32 per cent levy instead blindsided Taipei and sent shock waves through key sectors such as hi-tech manufacturing, which depend heavily on stable trade ties with the US.The tariffs stunned policymakers who believed Taiwan had already made significant “protection payments” to the United States, including Taiwan Semiconductor Manufacturing Company’s (TSMC) US$100 billion investment in chip plants in Arizona, and…