2021-02-01 HKT 09:38″ title=”Hong Kong stocks were up in early trading. File image: Shutterstock”> Hong Kong stocks were up in early trading. File image: Shutterstock Hong Kong stocks started Monday morning with small gains as bargain-buyers moved in following last week’s rout across world markets. The Hang Seng Index added 0.62 percent to 28,458. The […]
2021-01-31 HKT 12:00″ title=”Britain’s International Trade Secretary Liz Truss is to formally request UK membership of the free trade bloc. Photo: Reuters”> Britain’s International Trade Secretary Liz Truss is to formally request UK membership of the free trade bloc. Photo: Reuters Britain will apply to join the Pacific free trade area, the Comprehensive and Progressive […]
2021-01-31 HKT 11:25″ title=”The official Purchasing Manager’s Index (PMI) fell to 51.3 in January — the slowest pace in five months. File photo: Reuters”> The official Purchasing Manager’s Index (PMI) fell to 51.3 in January — the slowest pace in five months. File photo: Reuters China’s factory activity grew at the slowest pace in five […]
2021-01-30 HKT 06:19″ title=”All three major indices lost around 2 percent on Friday. Photo: Shutterstock”> All three major indices lost around 2 percent on Friday. Photo: Shutterstock Wall Street stocks concluded a bad week with another volatile session on Friday as the buying frenzy over GameStop and some other equities resumed amid stepped-up scrutiny from […]
2021-01-29 HKT 00:29″ title=”Commerzbank posted a 69-million-euro net loss in the third quarter of 2020, during which it closed 200 branches. Photo: AFP”> Commerzbank posted a 69-million-euro net loss in the third quarter of 2020, during which it closed 200 branches. Photo: AFP Germany’s second-largest lender Commerzbank said on Thursday it will cut 10,000 jobs […]
2021-01-28 HKT 22:30″ title=”Various sectors of the US economy, such as aviation and retail, have been hit hard by Covid-19. File photo: Reuters”> Various sectors of the US economy, such as aviation and retail, have been hit hard by Covid-19. File photo: Reuters Stuck in the grip of a viral pandemic, the US economy grew […]
2021-01-28 HKT 17:12″ title=”The Hang Seng Index fell by as much as 800 points, before eventually ending the day down 2.6 percent. Image: Shutterstock”> The Hang Seng Index fell by as much as 800 points, before eventually ending the day down 2.6 percent. Image: Shutterstock Markets across Asia dived to finish in negative territory on […]
2021-01-29 HKT 17:13″ title=”Despite Friday’s losses, the Hang Seng Index had a good January, putting on nearly 4 percent. Image: Shutterstock”> Despite Friday’s losses, the Hang Seng Index had a good January, putting on nearly 4 percent. Image: Shutterstock Local shares failed to hold on to its strong start on Friday and finished the day […]
2021-01-29 HKT 05:41″ title=”Major indices had shed more than two percent on Wednesday due in part to worries about the coronavirus and lofty valuations. Photo: AFP”> Major indices had shed more than two percent on Wednesday due in part to worries about the coronavirus and lofty valuations. Photo: AFP Wall Street stocks staged a partial […]
Exchange Fund's income drops 25 percent in 2020 The Hong Kong Monetary Authority said on Wednesday that the Exchange Fund’s annual investment income dropped to HK$197.8 billion in 2020, down some 25 percent from HK$262.2 billion the year before. The authority’s chief executive Eddie Yue said the past year was full of “unexpected twists and […]
2021-01-28 HKT 10:39″ title=”Cathay Pacific has, like all major airlines, seen its business evaporate during the coronavirus pandemic. File photo: RTHK”> Cathay Pacific has, like all major airlines, seen its business evaporate during the coronavirus pandemic. File photo: RTHK Shares in Hong Kong’s marquee carrier Cathay Pacific plunged on Thursday after the struggling airline unveiled […]
2021-01-28 HKT 05:50″ title=”Video game retailer Gamestop saw its shares double, as did cinema operator AMC. File photo: Reuters”> Video game retailer Gamestop saw its shares double, as did cinema operator AMC. File photo: Reuters US stocks suffered their biggest one-day percentage drop in three months on Wednesday, adding to losses after the latest Fed […]
Digital transformation is now everywhere, as every industry is actively adopting advanced information and communications technology (ICT) while changing business practices. The digital economy is extending its presence with speed, ease of access, as well as the power penetration that continuously change the behaviors of consumers and enterprises. Such changes complicate the relations between supply […]
2021-01-26 HKT 17:06″ title=”The Hang Seng Index slumped, giving back all the gains made in the previous day. Image: Shutterstock”> The Hang Seng Index slumped, giving back all the gains made in the previous day. Image: Shutterstock Local shares slumped on Tuesday, giving back all the gains made the previous day, amid worries over liquidity […]
2021-01-27 HKT 16:50″ title=”The Hang Seng Index ended the day lower, but markets across the region were mixed. Image: Shutterstock”> The Hang Seng Index ended the day lower, but markets across the region were mixed. Image: Shutterstock The Hang Seng Index closed slightly lower on Wednesday while markets elsewhere in the region were mixed, as […]
Alibaba Entrepreneurs Fund’s (AEF) JUMPSTARTER 2021 Global Pitch Competition has announced their list of top ten startups where two fintech startups, IPification and FOMO Pay, managed to snag a spot each. JUMPSTARTER is a not-for-profit initiative in collaboration with Cyberport and Hong Kong Science and Technology Parks Corporation (HKSTP) that provides a platform for entrepreneurs […]
2021-01-27 HKT 06:01″ title=”Wall Street markets slipped marginally as earnings season heats up. File image: Shutterstock”> Wall Street markets slipped marginally as earnings season heats up. File image: Shutterstock The S&P and Nasdaq slipped on Tuesday from record closing levels as investors digested a batch of corporate earnings results, while an expected policy announcement from […]
ConsenSys, a global blockchain software company, announced a partnership with the Blockchain-based Service Network (BSN), China’s national blockchain infrastructure, to make blockchain more accessible for enterprises and government organisations. As part of the partnership, ConsenSys Quorum, an open-source protocol layer that serves as a foundation for businesses to build Ethereum-based enterprise solutions, will be available in […]
2021-01-25 HKT 16:56″ title=”The Hang Seng Index opens the week with solid gains. Image: Shutterstock”> The Hang Seng Index opens the week with solid gains. Image: Shutterstock Local shares outperformed their regional peers on Monday, with the Hang Seng Index closing above 30,000 as sentiment was boosted by expectations of a massive fiscal stimulus package […]
2021-01-26 HKT 05:53″ title=”Moderna said it plans to publish data from its tests against the variants on the website bioRxiv. Photo: Reuters”> Moderna said it plans to publish data from its tests against the variants on the website bioRxiv. Photo: Reuters Moderna said on Monday it believes its Covid-19 vaccine protects against new variants found […]