Hong Kong Financial News

UBS equity capital markets banker Richard Wilks has been named head of equity capital market syndicate for Asia Pacific, Street Talk understands.

Adani Enterprises, Adani Power, Paytm, Tata Power, Union Bank of India are among stocks that will be in focus in today's trade.Asian equities ticked higher on Tuesday following the overnight rally in big tech that spurred a rebound in Wall Street stocks, though elevated Treasury yields kept risk sentiment in check.Tokyo stocks opened higher, with the benchmark Nikkei 225 index adding 0.92% in early trade, while the broader Topix index rose 0.71%. Shares advanced in South Korea as well, and Hong Kong stocks opened slightly higher after seven successive losses.Financial stocks may be under pressure after S&P Global Ratings downgraded the ratings of five US lenders on “tough" environment amid higher interest rates.Overnight on the Wall Street, The S&P 500 rose 30.06 points to 4,399.77 for its first gain in five days.

Thailand is planning to seek a court-issued shutdown order against Facebook unless it takes steps to deal with alleged investment and crypto scam ads on its platform.

Indian stock market is expected to open on a flat note on Tuesday following gains in Asian peers amid mixed global cues. The Asian markets traded mostly higher, while the US stocks ended mixed overnight, even as the treasury yields soared to 15-year high levels. On Monday, domestic equity indices, Sensex and Nifty ended with decent gains, snapping a two day losing streak.

Australia’s largest integrated provider ofcancer care, Icon Group, backed by private equity firm EQT, is expanding its services into the UK after penning a new deal with Nuffield Health, the nation’s biggest healthcare charity.

(Reuters) — Embattled property developer China Evergrande (HK:3333) Group said on Monday it was confident its internal controls and processes had improved and could meet the listing rules of the Hong Kong stock exchange.

Stocks declined for the third consecutive week. The outlook for stocks might further deteriorate since any remaining supportive flows from options expiration (OPEX) have been exhausted. According to GammaLab, the S&P 500 remains within a negative gamma regime, indicating that dealers will sell during declines and buy during periods of strength. However, of greater significance, this implies that volatility will likely remain heightened, thereby sustaining an elevated VIX.

Citigroup Inc. Chief Executive Jane Fraser is weighing a plan to break up the company’s biggest unit in a restructuring that would give her more power, the Financial Times reported, citing people familiar with the matter. 

Global stock markets are higher as traders look ahead to the Federal Reserve’s summer conference for signs of whether the U.S. central bank thinks inflation is under control or more interest rate hikes are needed to cool inflation

AGL Energy has struck a deal with the Victorian government to keep the Loy Yang A coal-fired power station running until 2035, despite pressure from its biggest shareholder, software billionaire Mike Cannon-Brookes, to shut the huge generator earlier and align with the Paris climate accord.

Asian stocks are mixed as traders look ahead to the Federal Reserve’s summer conference for signs of whether the U.S. central bank thinks inflation is under control or more interest rate hikes are needed to cool inflation

China's central bank on Monday cut a key interest rate in an attempt to counter the post-Covid growth slowdown in the world's second-largest economy. The one-year loan prime rate, which serves as a benchmark for corporate loans, was reduced from 3.55 percent to 3.45 percent, the People's Bank of China (PBoC) said in a statement, while the five-year LPR, which is used to price mortgages, was held at 4.2 percent. Closely followed by the markets, the two rates are now at historic lows, after previous reductions in June.

Indian stock market is expected to open on a flat note Monday following mixed global cues. The domestic benchmark equity indices ended lower for the fourth consecutive week, the longest stretch of weekly declines in over a year. A sharp spike in domestic retail inflation, weak industrial production for June, worries over likely another interest rate hike by the US Federal Reserve, depreciation in rupee against US dollar, FII outflow, rising US bond yields and slowing China’s economy weighed on investors sentiment.

Sweden isn't the place that connoisseurs would define as prime wine country and its commercial vineyards are still tiny compared to France, Italy or Spain

Also Read: Dogecoin falls as much as 9% after Twitter drops Doge meme from home button “Don’t be sad, please remember the joy that Balltze brought to the world. A Shiba Inu with a round smiling face connecting you and me, he has helped many people during the pandemic and brought a lot of joy to many of you, but now his mission has completed," the owner continued in the post.A post shared by Cheems_Balltze (@balltze) Popularly known as Pup Balltze, the popularity of the dog boosted in the mid 2010s. During that time, his funny photo went viral.

A giant Chinese real estate developer that is struggling to avoid defaulting on $340 billion in debt says it is asking a U.S. court to approve a restructuring plan for foreign bondholders and denied what it said were news reports suggesting it filed fo...

food and beverage packaging industry that is growing by 14.8 per cent annually is expected to reach USD 86 billion in 2029, following rapid urbanisation, rising disposable incomes and evolving consumption patterns, All India Food Processors Association said on Saturday. «Post-Covid-19, the demand for natural food ingredients has surged. FSSAI's new regulations for nutraceuticals and organic foods are driving growth in the sector.

Hong Kong has set its sights on becoming a major crypto hub as the region actively promotes the development of Web3. 

unemployment rate for China’s youth reached an all time record of 21.3% in June. China’s National Bureau of Statistics responded by ceasing publication of the rate. The move calls attention to the lengths to which Beijing will go to suppress unflattering information, in this case the economic distress facing China’s young people.

black box. They don’t have periodic disclosures, it’s a private company, and some investors don’t know what kinds of assets they’re investing in," said Xiaoxi Zhang, an analyst at Gavekal Research. The group’s difficulties, coming on the heels of the financial distress at Chinese property giant Country Garden Holdings, have fueled worries about China’s shadow-banking system and how intertwined it is with the property sector.

rates staying higher for longer as long-term bond yields surged. MSCI's broadest index of Asia-Pacific shares outside Japan were up 0.1% after hitting a nine-month low the session before. It was, however, headed for a weekly loss of 2.8%, the third straight week of declines.