Hong Kong Financial News

16.08 / 06:37

UPS DOW COMPOSITE show Stock market today: Asia shares decline as faltering Chinese economy sets off global slide

Asian shares have declined amid worries over discouraging data on China, as well as over the future of the U.S. economy

16.08 / 01:55

Reuters NASDAQ JPMorgan NIFTY SENSEX Fitch Warning 5 things that changed for market overnight: Gift Nifty, Fitch’s warning to global market cues for Sensex today

Indian stock market is likely to open lower on Wednesday tracking weak global cues amid overnight selloff in the US equities. Concerns that interest rates may remain higher for a longer time dampened investors' sentiment. On the domestic front, Indian markets were shut on Tuesday on account of the Independence day holiday.

15.08 / 23:19

IPO FIVE Reuters Racing country Heeding Beijing's call, law firms tone down China risks in IPO applications

HONG KONG (Reuters) -Law firms in China are scrambling to comply with Beijing's new guidance to tone down the language used to describe China-related business risks in companies' offshore listing documents, five people familiar with the matter said.

15.08 / 18:01

UPS cover China Evergrande’s EV Unit to Get Cash Injection From Dubai Automaker

market capitalization, which topped the equivalent of $80 billion in April 2021, was $2.4 billion as of Tuesday’s close of trading in Hong Kong. Its shares surged at the market’s open after the company disclosed the new investment but closed just 1.8% up for the day.

15.08 / 17:39

COST UPS Aware Manufacturing awards country Railways plans PLI scheme for train parts

production-linked incentive (PLI) scheme for train component makers as part of its efforts to attract foreign manufacturing firms and reduce dependence on imports, people aware of the matter said. The contours of the PLI scheme will be worked out with the help of a consultancy firm, which will be selected through a bidding process this month, officials told ET. The consultant will prepare a list of components that are largely imported and used in making engines and coaches, also called rolling stock.

15.08 / 13:29

UPS Waves Ripple Aware Matthews country Analysis-China trust deficit: crisis spurs shadow banking policy response calls

By Summer Zhen and Laura Matthews

15.08 / 12:57

Manufacturing Pool DISH country Singapore allows restaurants to hire cooks from India to combat manpower shortage

Singapore has added cooks from India to its list of permissible hires, widening its recruitment pool for certain job positions in the services and manufacturing sectors. Traditionally, employers in Singapore's services and manufacturing sectors have primarily sourced work permit holders from China, Malaysia, Hong Kong, Macau, South Korea, and Taiwan. The Ministry of Manpower has recently unveiled the application process for cooks in Indian restaurants in the city-state.

15.08 / 09:47

regulation CoinShares Power Coinshares CSO Meltem Demirors Says Crypto Has Increasing Political Power – Here's the Latest

CoinShares Chief Strategy Officer (CSO) Meltem Demirorsas believes crypto is gaining more and more power in Washington, becoming a political powerhouse.

15.08 / 05:15

Provident Target COMPOSITE show Stock market today: Asia follows Wall Street lower after US data revive fears about rate hike

Asian stock markets have tumbled after mixed U.S. economic data revived worries the Federal Reserve might hike interest rates again

15.08 / 05:15

UPS COMPOSITE show reports Asian stocks Stock market today: Asian stocks mixed after China reports weak July data and cuts key interest rate

Asian stock markets are mixed after China reported weak July consumer and business activity and its central bank cut a key interest rate to shore up the struggling economy

14.08 / 19:37

Lowe's Action Tesla show performer Tesla reignites EV price war with new round of cuts in China

Tesla cut prices again in China, sending auto stocks tumbling on concerns the move will rekindle an international price war that had shown signs of abating.

14.08 / 11:39

UPS Lowe's Enterprise country stocks and bonds Stocks and bonds gain as China acts on debt

Stocks and bonds rose as China moved to address a worsening property slump, shoring up confidence in global markets.

14.08 / 10:27

UPS Lowe's Reuters country China's Country Garden seeks to delay onshore bond repayment, fanning market fears

By Clare Jim and Shuyan Wang

14.08 / 10:27

UPS Provident Target DOW Tesla country China's property sector woes, Goldman Sachs' Fed outlook - what's moving markets

Investing.com — Fears over China's debt-laden property sector mount after key player Country Garden halts trading on some of its mainland bonds. Elsewhere, economists at Goldman Sachs predict when the Federal Reserve will begin cutting interest rates after an aggressive policy tightening campaign, while investors look ahead to results from large big-box brands and retail sales figures for July.

14.08 / 05:53

UPS Lowe's performer country Low China’s Country Garden slumps to record low after halting bond trading

Investing.com — Hong Kong shares of Chinese property developer Country Garden Holdings (HK:2007) slumped to a new record low on Monday after the firm said it will suspend trading in its onshore bonds amid growing debt problems.

14.08 / 04:27

UPS Provident COMPOSITE show country Asian stocks Asian stocks slammed by China woes, higher U.S. inflation

Investing.com-- Most Asian stocks sank on Monday, with Chinese indexes leading losses on persistent concerns over slowing economic growth, while stronger U.S. inflation readings also pushed up fears of a more hawkish Federal Reserve.

14.08 / 02:27

Lowe's Reuters NIFTY SENSEX 6 things that changed for market overnight: Gift Nifty, FII selling to global market cues for Sensex today

Indian stock market is expected to open lower on Monday following weak global cues and is likely to consolidate further. Benign domestic macroeconomic data and outflow of foreign capital is likely to weigh on markets. Investors may react to June factory output growth slipping to a 3-month low, while trade cautiously ahead of other key economic data releases in this holiday-truncated week, including wholesale price index (WPI) and July retail inflation data, exports and imports numbers and forex reserves data.

13.08 / 19:43

UPS Cooper country rock Power Nepal PM likely to sign power pact with China during Sept trip

Prachanda's China visit in September could result in a power trading agreement on the lines of the Himalayan nation's cross-border power trading agreement with India, signalling a balancing act by the former Maoist leader. Nepal wants to develop a cross-border transmission line with China via the border district of Rasuwa, which is expected to be signed during Prachanda's visit, according to Kathmandu-based sources. Nepal also wants to learn best practices in agriculture from China while simultaneously engaging with India in the same sector, according to one of sources quoted above.

13.08 / 17:31

Provident Digital Cooper Platform track country India plans own certification for digital public infra, goods

NEW DELHI : India is working with multilateral forums, including the UN and the G20, to create collaborations that would certify, register, test and benchmark Indian digital public infrastructure (DPIs) and public goods (DPGs), two people with direct knowledge of the matter said. The success of some of the government’s popular DPI programmes like CoWin, UPI, Digilocker and Diksha (national digital infrastructure for teachers) has prompted New Delhi to seek its own rating and testing mechanism for DPIs and DPGs, the people mentioned above said.

13.08 / 03:03

UPS Provident MET Manufacturing Parke country coup Niger coup can blight Chinese investments in Africa’s Sahel region

Niger’s military officer and chief of presidential guard General Abdourahamane Tchiani carried out a coup and ousted President Mohamed Bazoum from power just a few days after China’s Ambassador to the West African country Jiang Feng met him to discuss building of an industrial park in the capital Niamey in what is a lesser-known fact. The proposed industrial park, it is said, will have a significant impact on sectors like food, manufacturing, mining, and real estate of Niger.

13.08 / 03:03

UPS Manufacturing LinkedIn HON electronic Foxconn tops up commitment for Telangana to $550 million

FIT Hon Teng's (Foxconn) board approved a $400-million investment in Telangana, Foxconn India representative V Lee said in a LinkedIn post. This is in addition to an earlier commitment of $150 million Foxconn had made in the state. «FIT Singapore intends to inject a capital sum of $400,000,000 into Chang Yi Interconnect Technology (India) Pvt Ltd, in which FIT Singapore holds 99.99% of the capital stock,» FIT Hon Teng said in a filing to the Hong Kong Stock Exchange on Friday that was posted by Lee.

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