Assessing the Chances of East Asia’s Finest (Part II)
The East Asian section of the 2021 AFC Champions League finally gets underway this Tuesday with the first group stage games from Group G. Football Tribe Asia’s Cokorda Krishna Sadhana runs through the East Asian section of Asian football’s premier competition to see how the teams will fare during the group stages and to predict who will join their West Asian peers in the knockout stages. For the second part of this two-parter, Krishna took a gander to Groups I and J to see how the contenders are faring up. Group I - Kawasaki Frontale (Japan), Beijing Guoan (China), Daegu FC (South Korea), Unit...
Football Tribe Asia
Bitcoin Nosedives Below $36,000 Affected by China’s Clamp On Mining Farms
The bitcoin rollercoaster is in full swing. Bitcoin nosedives reaching $33,400 on Sunday –nearly 20% below the $41,200 on the previous Tuesday– to later recover to jump above $35,400 in just hours, according to data from Coinmarketcap. Q1 2021 hedge fund letters, conferences and more Bitcoin Nosedives From April PeakReuters reports that, despite gaining over 10% in the last year, bitcoin has dropped by over a fifth in the last six days, and plunged by half from its April peak of $65,000. After reaching its all-time high of $2.6 trillion the same month, the market value of all cryptocurrencies ...
Assessing the Chances of East Asia’s Finest (Part I)
The East Asian section of the 2021 AFC Champions League finally gets underway this Tuesday with the first group stage games from Group G. Football Tribe Asia's Cokorda Krishna Sadhana runs through the East Asian section of Asian football's premier competition to see how the teams will fare during the group stages and to predict who will join their West Asian peers in the knockout stages. For the first part of this two-parter, Krishna took a gander to Groups F, G, and H to see how the contenders are faring up. Group F - BG Pathum United (Thailand), Ulsan Hyundai (South Korea), Viettel FC (Vietn...
Football Tribe Asia
Behind Airbus-Boeing truce lies a common rival: China
Paris (AFP) - While the United States and Europe waged a 17-year trade battle over subsidies to Boeing and Airbus, China poured money into its own commercial aircraft to take on the Western aviation duopoly. It took a common threat for the US and Europe to finally put an end to their dispute this past week, as the two sides signed a five-year truce suspending tit-for-tat tariffs. US President Joe Biden made it clear during his visit to Brussels on Tuesday: Washington and Brussels must "work together to challenge and counter China's non-market practices in this sector that give China's companie...
Global Trade Chaos Looms Due to China’s Massive Port Jam
Ensuing restrictions of a now-controlled COVID 19 outbreak in southern China in late May have caused an enormous shipment pileup, bigger than that of the Suez Canal. Q1 2021 hedge fund letters, conferences and more The Yantian port –50 miles north of Hong Kong– was closed for a week, and upon reopening, the hopes of it soon going back to full operational capacity are dwindling, causing massive delays in both outbound and inbound shipments. According to Bloomberg data quoted in Aljazeera, there are 139 container vessels currently anchored off the Chinese coast, which accounts for more than 50% ...
Pro-democracy Apple Daily continues its operations despite raid, seizures and arrests
Photo: Cover page of Apple Daily on June 18. Candice Chau/HKFP. The following post is a round-up of reports written by Kelly Ho and Candice Chau which were published in the Hong Kong Free Press on June 17 and 18, 2021. It has been published on Global Voices under a content partnership agreement. The Hong Kong pro-democracy tabloid Apple Daily has continued its operations and printed 500,000 copies on June 18 after Hong Kong police raided its headquarter and arrested five senior executives on suspicions of “conspiracy to collude with foreign forces”. Forty-four computer hard drives with journal...
North Korea facing ‘tense food situation,’ Kim Jong Un says
North Korean leader Kim Jong Un says the country is experiencing food shortages caused by recent natural disasters. Citing typhoons and flooding, Kim told the plenary meeting of the Workers’ Party of Korea the country was in the midst of a “tense food situation,” according to reports. North Korea faces international sanctions over its nuclear program and has closed its borders during the COVID-19 pandemic, cutting off imports of food, fuel and fertilizers from China. The extent of the shortages are unknown but believed to be serious and have sent food prices spiking, Korean Central News Agency...
New York Daily News
Best Buy’s Comeback; Lumber Prices Are Falling
Whitney Tilson’s email to investors discussing China to release metal reserves in effort to tame commodities rally; lumber prices are falling fast; how Hubert Joly changed Best Buy Co Inc (NYSE:BBY) without everyone hating him. Q1 2021 hedge fund letters, conferences and more 1) These two headlines in the Wall Street Journal caught my eye because they're contrary to the skyrocketing inflation narrative: China to Release Metal ReservesChina to Release Metal Reserves in Effort to Tame Commodities Rally. Excerpt: China said it would begin to sell major industrial metals from state stockpiles, an ...
Chinese astronauts arrive at new space station
China's space ambitions forged ahead on Thursday as three astronauts arrived at the country's nascent space station. Chinese spacecraft Shenzhou 12 successfully docked with the core Tianhe module of the space station that is under construction. The docking manoeuvre was carried out automatically, Chinese media reported. The flight represents the first manned Chinese space mission in five years. The three Chinese spacefarers are set to spend three months in orbit - a record for Chinese "taikonauts" - and will use the time to help set up the space station. The station is under construction with ...
Japan's Foster Electric to open speaker material plant in Vietnam
HO CHI MINH CITY, NNA - Japan's Foster Electric Co. plans to launch a joint venture in Vietnam in December with China's Hengdian Group DMEGC Magnetics Co. to manufacture ferrite magnets, a key material for speakers. By setting up the joint venture, Foster Electric aims to diversify the supply of ferrite magnets, now mostly from China, to "reduce its dependency on China and ensure stable procurement," the audio equipment maker said in a news release last week. Foster Electric will have a 19.9 percent stake in the joint venture, Hengdian Group DMEGC Magnetics (Vietnam) Co. with capital of $5 mil...
NNA Business News