'Chaotic era' for Asian currencies: Bank of America is not bullish on any of them
Bank of America is bearish on a slew of Asian currencies and neutral at best on others, as the investment bank says it is the start of a "chaotic era."
Asian news from China
U.S. Senate passes TikTok sell-or-ban bill, sends it to Biden
WASHINGTON (AP) -- The Senate passed legislation on Tuesday that would force TikTok's China-based parent company to sell the social media platform under the threat of a ban, a contentious move by U.S. lawmakers that is expected to face legal challenges and disrupt the lives of content creators who rely on the short-form video app for income.
Hong Kong hit by third straight IPO flop as AI player Mobvoi disappoints
HONG KONG -- Chinese artificial intelligence company Mobvoi went public in Hong Kong on Wednesday and saw its stock promptly drop more than 20%, marking the exchange's third dismal listing this week.
China wants ability to invade Taiwan by 2027, U.S. admiral says
TOKYO -- China aims to have the capability to invade Taiwan by 2027, Adm. John Aquilino, commander of the U.S. Indo-Pacific Command, said Tuesday, echoing previous warnings by senior American military officials.
Probe of PwC's Evergrande conduct casts shadow on Big Four auditors
HONG KONG -- Growing scrutiny of PwC's audit work on bankrupt developer China Evergrande Group is stirring concern over the impact on the Big Four consulting firms' relationships with Chinese companies and could prompt a tightening of accounting procedures on existing clients.
China tea chain ChaPanda sinks in Hong Kong IPO as market sours
HONG KONG -- Sichuan Baicha Baidao, a Chinese low-priced tea chain also known as ChaPanda, made a disappointing debut on the Hong Kong market on Tuesday, casting a shadow on authorities' hopes for revitalizing initial public offering activity.
Japan's ANA and Air India to operate codeshare flights
TOKYO -- All Nippon Airways will partner with Air India to offer codeshare flights from late May, seeking to claim 40% of passenger traffic between the two countries as India is expected to become the third largest aviation market after China and the U.S.