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China will lift part of its 'Great Firewall' to give foreigners access to Facebook, YouTube, and Twitter on a tropical island dubbed 'Hawaii of the East'

China’s Hainan island has released plans to give tourists access to Facebook, YouTube, and Twitter in parts of two cities. A partial lifting of the county’s “Great Firewall” is part of an attempt to make the southern island a free trade zone and tourist hub. The local government’s plan is no longer available online. …read more […]

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Saxo's Creagh Sees Opportunities in China Consumer Discretionary, Tech Stocks

Jun.24 — Eleanor Creagh, market strategist for Saxo Capital Markets, talks about the Chinese central bank’s decision to cut the amount of cash some lenders must hold as reserves, and the implications for the nation’s stock market. She speaks on “Bloomberg Daybreak: Asia” with Yvonne Man and Haidi Lun, …read more […]

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Brent oil prices drop by 2 percent as traders expect output rise after OPEC deal

Brent crude oil prices fell by more than 2 percent early on Monday as traders factored in an expected output increase that was agreed at the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna on Friday. Brent crude futures (LCOc1), the international benchmark for oil prices, were at $73.90 per barrel at 0035 GMT, down 2.2 percent from their last close. U.S. West Texas Intermediate (WTI) crude futures (CLc1) were at $68.36 a barrel, down 0.3 percent, supported by a slight drop in U.S. drilling activity. …read more […]

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Xiaomi Paves Way With $6.1B IPO

Jun.24 — As part of our Venture China series, Qiming Venture Partners founding partner Duane Kuang told Bloomberg’s Tom Mackenzie why he hopes the world’s largest IPO in more than 2 years will pave the way for more mega-deals in the region. …read more […]