HONG KONG — Lawmakers in China are expected on Thursday to pass legislation that would extend the country’s opaque national security law to Hong Kong. The bill has triggered renewed street protests in the city and put the Asian hub’s economic status at risk in Washington, where Secretary of State […]
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Li & Fung investors approve deal to delist Hong Kong trading house
HONG KONG — Shareholders of Li & Fung, the world’s largest sourcing company, on Tuesday gave the green light to a 7.2 billion Hong Kong-dollar ($928.9 million) proposal that will allow its founding family to take the company private during a difficult business environment. The move will see the century-old […]
OPEC and Russia approve biggest oil cut amid coronavirus pandemic
BAKU/DUBAI/LONDON (Reuters) — OPEC and allies led by Russia agreed on Sunday to a record cut in output to prop up oil prices amid the coronavirus pandemic and said they had an unprecedented deal with fellow oil nations, including the United States, to curb global oil supply by 20%. Measures […]