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31-May-18 China’s trade surpluses are declining in a shift that will see less of its excess savings recycled into global capital markets. With the US Federal Reserve shrinking its balance sheet and raising interest rates, Treasury yields are at their highest since 2011, putting strains on nations that borrowed dollars. Turkey’s central bank has been forced into emergency action to shore up its currency, while Argentina has sought external help. [Image: The Star online]
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30-May-18 E-commerce giant Alibaba will inject some of its online pharmacy business into a listed unit in a deal valued at USD1.35 bn. Under the deal, Alibaba Health Information Technology will buy Ali JK Nutritional Products Holding. [image: Bloomberg]
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29-May-18 Thailand's commerce minister believes online business will expand bilateral trade between Thailand and China, which is expected to hit USD120 bn by 2020 - a considerable rise from USD73 bn in 2017. [image: Reuters]
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29-May-18 Alibaba Group is leading the purchase of 10% of Chinese delivery service ZTO Express for USD1.4 bn, a deal that will augment its ability to ship packages around the globe. [image: Bloomberg News]
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28-May-18 China's no.2 search engine believes the shift to query-based search could enable it to gain ground on market leader Baidu, especially in the area of healthcare with services such as smart-query services. [image: SCMP]
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