2021-03-31 HKT 23:15″ title=”A Deliveroo rider in Manchester, England. File photo: Reuters”> A Deliveroo rider in Manchester, England. File photo: Reuters Shares in Deliveroo plunged by as much as 30 percent in their trading debut on Wednesday, slicing more than US$2 billion off the company’s valuation in a blow to Britain’s ambitions to attract fast-growing […]
The Hong Kong Monetary Authority (HKMA) announced the launch of the delivery-versus-payment (DvP) link for cross-currency securities transactions between the Hong Kong dollar (HKD) CHATS and the Bank of Japan Financial Network System for Japanese Government Bond (BOJ-NET JGB) Services. Clearing House Automated Transfer System, or CHATS, is a real-time gross settlement (RTGS) system for […]
2021-04-01 HKT 12:24″ title=”The Japanese economy is gradually on the mend after it was hit hard last year by the Covid pandemic. File photo: AFP”> The Japanese economy is gradually on the mend after it was hit hard last year by the Covid pandemic. File photo: AFP Major Japanese manufacturers are feeling optimistic for the […]
2021-04-01 HKT 09:41″ title=”The Hang Seng Index rose 0.8 percent in the opening minutes of trade. File photo: RTHK”> The Hang Seng Index rose 0.8 percent in the opening minutes of trade. File photo: RTHK Hong Kong stocks opened solidly higher on Thursday following a broadly positive lead from New York as investors welcomed Joe […]
2021-04-01 HKT 05:14″ title=”The three main Wall Street indexes posted gains for the fourth consecutive quarter. File image: Shutterstock”> The three main Wall Street indexes posted gains for the fourth consecutive quarter. File image: Shutterstock The S&P 500 and Nasdaq rose on Wednesday, boosted by gains in technology shares, and the three major Wall Street […]
2021-04-01 HKT 03:44″ title=”Boeing aircraft belonging to China Southern on the ground in Shanghai. File image: Shutterstock”> Boeing aircraft belonging to China Southern on the ground in Shanghai. File image: Shutterstock Boeing urged the United States on Wednesday to keep disputes over human rights and other topics separate from trade relations with Beijing, and warned […]
2021-03-31 HKT 16:00″ title=”H&M came under fire in China over comments it made last year the on the Xinjiang region. Photo: Reuters”> H&M came under fire in China over comments it made last year the on the Xinjiang region. Photo: Reuters H&M reported a quarterly loss on Wednesday and said that it was dedicated to […]
2021-03-31 HKT 10:06″ title=”The NBS said consumer demand had returned and the service industry had accelerated its recovery. File photo: Shutterstock”> The NBS said consumer demand had returned and the service industry had accelerated its recovery. File photo: Shutterstock Factory activity in China picked up in March, official data showed on Wednesday, as the country’s […]
2021-03-31 HKT 09:54″ title=”The Hang Seng Index rose 0.8 percent in the opening minutes of trade. File photo: RTHK”> The Hang Seng Index rose 0.8 percent in the opening minutes of trade. File photo: RTHK Hong Kong stocks started on Wednesday with more healthy gains, extending their rally into a fourth day, as data showed […]
2021-03-31 HKT 00:49″ title=”US stocks closed lower after US Treasury yields hit a 14-month high overnight. Photo: Shutterstock”> US stocks closed lower after US Treasury yields hit a 14-month high overnight. Photo: Shutterstock US stocks ended down slightly on Tuesday, with investors selling tech-related growth shares after US Treasury yields hit a 14-month high. At […]
2021-03-29 HKT 16:37″ title=”Bilibili’s secondary listing in Hong Kong fails to boost the markets. Image: Shutterstock”> Bilibili’s secondary listing in Hong Kong fails to boost the markets. Image: Shutterstock Local shares finished little changed following choppy trade on Monday while newcomer Bilibili underperformed, as investors started the week on a cautious tone. The Hang Seng […]
Visa announced that it will allow the use of USD Coin (USDC), a stablecoin backed by the US dollar, to settle transactions on its payment network over Ethereum, an open-source blockchain. Visa said that it is piloting the capability with Crypto.com, a crypto platform and a Visa partner, and plans to offer the USDC settlement […]
2021-03-30 HKT 09:38″ title=”The Hong Kong market began Tuesday firmly in positive territory. File image: Shutterstock”> The Hong Kong market began Tuesday firmly in positive territory. File image: Shutterstock Hong Kong stocks opened with healthy gains on Tuesday morning following another record on Wall Street as investors eye vaccine progress, while looking ahead to the […]
2021-03-30 HKT 03:22″ title=”Nomura and Credit Suisse are facing billions of dollars in losses after a US hedge fund defaulted on margin calls. Photo: Shutterstock”> Nomura and Credit Suisse are facing billions of dollars in losses after a US hedge fund defaulted on margin calls. Photo: Shutterstock The S&P 500 ended just slightly in the […]
2021-03-29 HKT 15:42″ title=”Katherine Tai says any policy change must be communicated clearly for stakeholders to make adjustments. File photo: Reuters”> Katherine Tai says any policy change must be communicated clearly for stakeholders to make adjustments. File photo: Reuters President Joe Biden’s new trade negotiator has said the United States is not yet ready to […]
2021-03-29 HKT 14:54″ title=”Beijing said Chinese chipmakers can import machinery and raw materials tax-free through 2030. Image: Shutterstock”> Beijing said Chinese chipmakers can import machinery and raw materials tax-free through 2030. Image: Shutterstock China announced tax breaks Monday to spur growth of its semiconductor industry following US sanctions that alarmed the ruling Communist Party by […]
2021-03-29 HKT 10:49″ title=”Bilibili’s opening price plunged just over 6 percent in early trade after the firm raised around US$2.6 billion in a secondary listing on Hong Kong’s bourse. Online photo”> Bilibili’s opening price plunged just over 6 percent in early trade after the firm raised around US$2.6 billion in a secondary listing on Hong […]
2021-03-29 HKT 10:12″ title=”Hong Kong stocks fell marginally on Monday morning. File image: Shutterstock”> Hong Kong stocks fell marginally on Monday morning. File image: Shutterstock Hong Kong stocks edged down at the start of trade on Monday following a strong finish to last week. The Hang Seng Index dipped 0.07 percent to 28,317. The benchmark […]
2021-03-29 HKT 01:46″ title=”Treasurer Josh Frydenberg said the subsidies were always designed to be "temporary". File photo: AFP”> Treasurer Josh Frydenberg said the subsidies were always designed to be "temporary". File photo: AFP Australia on Sunday ended a pandemic wage subsidy scheme despite official warnings that up to 150,000 people could lose their jobs as […]
2021-03-26 HKT 22:48″ title=”In 2015, Volkswagen admitted using illegal software to rig diesel engine tests in the United States, triggering Germany’s biggest corporate scandal. File photo: Shutterstock”> In 2015, Volkswagen admitted using illegal software to rig diesel engine tests in the United States, triggering Germany’s biggest corporate scandal. File photo: Shutterstock Volkswagen will claim damages […]