2021-01-22 HKT 08:08″ title=”Nissan’s car plant in Sunderland, UK. Photo: Reuters”> Nissan’s car plant in Sunderland, UK. Photo: Reuters Nissan will source more batteries from Britain to avoid tariffs on electric cars after the UK’s trade deal with the EU, which a senior executive told Reuters turned Brexit from a risk into an opportunity for […]
2021-01-22 HKT 09:28″ title=”The Hang Seng Index fell by nearly 120 points in early trading. Photo: RTHK”> The Hang Seng Index fell by nearly 120 points in early trading. Photo: RTHK Hong Kong stocks fell in the first few minutes of trade Friday morning as investors took profits following a recent healthy run-up that saw […]
2021-01-22 HKT 05:23″ title=”Thursday’s session was choppy after all three major indices had surged to records on Wednesday. Photo: AFP”> Thursday’s session was choppy after all three major indices had surged to records on Wednesday. Photo: AFP The Nasdaq pushed to a fresh record on Thursday on lingering optimism over the US presidential transition, but […]
2021-01-20 HKT 16:56″ title=”The Hong Kong market is one of the region’s best performers on Wednesday. Image: Shutterstock”> The Hong Kong market is one of the region’s best performers on Wednesday. Image: Shutterstock Local stocks and mainland markets rose on Wednesday – in line with the surge on Wall Street overnight – ahead of Joe […]
2021-01-21 HKT 05:36″ title=”Joe Biden and his team have championed an aggressive economic relief package that investors like. Photo: AFP”> Joe Biden and his team have championed an aggressive economic relief package that investors like. Photo: AFP Wall Street greeted new US President Joe Biden by climbing even higher on Wednesday, closing at records amid […]
2021-01-20 HKT 13:51″ title=”Jack Ma had not appeared in public since October 24. File photo: Reuters”> Jack Ma had not appeared in public since October 24. File photo: Reuters Alibaba Group founder Jack Ma met 100 rural teachers in China via a live video meeting on Wednesday morning, in the businessman’s first appearance since October, […]
2021-01-20 HKT 06:23″ title=”Renewed hopes of a stimulus deal from the incoming administration lifted Wall Street. File image: Shutterstock”> Renewed hopes of a stimulus deal from the incoming administration lifted Wall Street. File image: Shutterstock Wall Street’s main indexes rose on Tuesday as US Treasury Secretary nominee Janet Yellen advocated for a hefty fiscal relief […]
2021-01-20 HKT 00:38″ title=”Janet Yellen appears by video link at the Senate Finance Committee hearing. Photo: Reuters”> Janet Yellen appears by video link at the Senate Finance Committee hearing. Photo: Reuters The incoming administration of US President-elect Joe Biden will use all available tools to address “China’s abusive unfair and illegal practices” that undermine the […]
2021-01-19 HKT 16:55″ title=”The Hang Seng Index edged near 30,000 on a day that posted its biggest ever turnover. Image: Shutterstock”> The Hang Seng Index edged near 30,000 on a day that posted its biggest ever turnover. Image: Shutterstock Buying sprees from investors across the border sent Hong Kong shares to their highest levels in […]
2021-01-18 HKT 17:11″ title=”The Hang Seng Index finished up 288 points at 28,862. Image: Shutterstock”> The Hang Seng Index finished up 288 points at 28,862. Image: Shutterstock Local blue-chips rallied to a nearly one-year high on Monday on news that China’s economy grew a more-than-expected 2.3 percent last year. The Hang Seng Index finished near […]
WeLab Bank, a virtual bank licensed by Hong Kong Monetary Authority, announces that Tat Lee has been appointed as the new Chief Executive. He succeeds Adrian Tse, who has stepped down from the role for what the bank described as “personal reasons”. Tat has close to two decades of retail banking and fintech experience and […]
Hong Kong digital tech park Cyberport has partnered with R3, a distributed ledger and blockchain software development company, for its accelerator programme Block adVenture where so far 10 teams have been selected. The three-month startup programme focusing on blockchain technology received applications from diverse industries, including payments, wealth management, gaming, entertainment and Chinese medicine supply […]
ZA International, digital insurer founded by ZhongAn Online, announced the launch of its “Free Post-Vaccination Protection” as a part of its ZA Relief Fund worth HK$ 6 million established in February 2020 to offer its customers support amidst the pandemic. This is available to all its new and existing customers who are Hong Kong residents […]
Hong Kong-based cryptocurrency platform Crypto.com has announced a partnership with Booking.com to deliver travel deals to all its users within its app. Crypto.com users who make Booking.com reservations in the app will receive a discount of up to 25% for accommodations. Users who pay using their Crypto.com Visa Card can get up to 8% back […]
A new whitepaper by Huawei and the International Data Corporation (IDC) looks at how banks around the world have responded to the COVID-19 pandemic and identifies the way forward in the new normal. In a report titled Banking Industry Rises up to the New Normal, the two organizations share results of the Banking Resilience Index, […]