Hong Kong Financial News

12.11 / 01:19

cryptocurrency market crypto news Bankruptcy Bitcoin Etf Bitcoin Price crypto market trends Bitcoin reaches $80,000 for first time on optimism over Trump

Donald Trump’s embrace of digital assets and the prospect of a Congress featuring pro-crypto lawmakers. The cryptocurrency climbed as much as 4.7% to an unprecedented $80,092 on Sunday.

11.11 / 06:55

markets COST Platform economy Nov Research wellness The Singles' Day shopping festival loses its shine under China's lagging economy

The Singles’ Day shopping festival is looking less shiny this year as e-commerce firms look abroad for growth

11.11 / 04:09

markets UPS economy Trade reports mountaineering Asian stocks Stock market today: Asian stocks decline as China stimulus plan disappoints markets

Asian stocks fell on Monday, led by a more than 2% drop in Hong Kong’s Hang Seng index, as China’s stimulus package disappointed investor expectations

10.11 / 08:59

markets Digital Analysis Election Trade Experts Bitcoin Bitcoin on cusp of $80,000 for first time on optimism over Trump

Bitcoin is closing in on $80,000 for the first time, boosted by President-elect Donald Trump’s embrace of digital assets and the prospect of a Congress featuring pro-crypto lawmakers. The cryptocurrency climbed as much as 4.3% to an unprecedented $79,771 on Sunday and remained near $79,000 as of 2:05 p.m. in Singapore. Smaller tokens like Cardano and meme-crowd favorite Dogecoin also rallied.

08.11 / 06:05

markets UPS Ripple DOW economy Stock market today: Asian shares gain after US Fed cuts interest rates

Asian shares have advanced after most U.S. stocks rose as the Federal Reserve cut interest rates again to ease pressure on the economy

08.11 / 01:49

markets UPS Progressive Analysis economy Election Trade Asian stocks Asian stocks, bonds rally as Federal Reserve cuts rates

bonds and commodities all rallied in the US as the Federal Reserve cut interest rates. Australian and Japanese shares advanced along with Hong Kong futures, while the Golden Dragon index of US-listed Chinese companies jumped 3.5%. The S&P 500 gained 0.7% and the Nasdaq 100 climbed 1.5%, both setting fresh peaks for a second day. An index of global equities also advanced to a record.

07.11 / 07:43

UPS economy Election Trade President show reports China's exports grew 12.7% in October, fastest pace in more than 2 years

China has reported its exports rose 12.7% in October from a year earlier, the fastest monthly growth in more than two years

07.11 / 04:05

markets UPS economy Bitcoin country Stock Market Today: Asian shares retreat after Trump's victory as focus turns to the Fed

Shares have fallen in Asia after U.S. stocks stormed to records as investors made bets on what Donald Trump’s return to the White House will mean for the economy and the world

07.11 / 00:37

markets economy Election Research Trade President Experts As Trump towers, bulls of Donald Street take over

The Nifty gained 1.1% or 270.75 points to close at 24,484.05 while the Sensex advanced 1.1% or 901.5 points to close at 80,378.13.

06.11 / 06:17

markets security Analysis Election Research Trade President China stocks, yuan slip as US election counting progresses

U.S. stock futures jumped and the dollar rose across the board, as some tallies pointed to Trump making gains over Vice President Kamala Harris in battleground states.

04.11 / 19:43

markets security Strategy Trade country Department International Hinduja Group needs DPIIT nod, too, for Reliance Capital buy

Hinduja Group received the central bank's approval to acquire the financial services company, but the transaction cannot proceed until it is approved by the Department for Promotion of Industry and Internal Trade (DPIIT). The Hindujas need DPIIT's approval because IIHL (IndusInd International Holdings), the acquisition vehicle, has 600 shareholders from the UAE, Singapore, Hong Kong, and Mauritius, with 39 shareholders residing in Hong Kong, which is classified as a land-border country under PN3 due to its special administrative relationship with China, said a source. This has raised compliance questions under PN3, prompting deeper scrutiny by Indian regulators.

04.11 / 08:35

markets UPS DOW economy Trade reports Stock market today: World shares are mostly higher as China begins major economic meeting

Shares are mostly higher in Europe and Asia as China's leaders begin a major meeting expected to bring fresh pledges of help for the world's second-largest economy

04.11 / 05:07

FIVE Election President War country What the world thinks of Trump, Ukraine and Chinese supremacy

Subscribe to enjoy similar stories. ON THE EVE of America’s presidential election, many people around the world are waiting on edge. Although non-Americans do not get a vote, the outcome of the election will have ramifications far beyond America’s borders on issues such as international trade, the credibility of Western defence alliances and the rise of China.

03.11 / 07:31

Citi DISH love Celebrity Features How to dine Like a banker at Hong Kong’s Nobu, according to Nobu himself

Nobu at the Regent Hotel in Kowloon this week were in for a treat as celebrity chef Nobu Matsuhisa was in the city to celebrate the one-year anniversary of the reopening of his namesake restaurant in Hong Kong. To mark the event, he hosted special omakase meals for two days.

01.11 / 06:57

Ball bowling India vs Pakistan Live Score, Hong Kong Super Sixes: Asif Ali, Muhammad Akhlaq steer PAK in chase

India vs Pakistan Live Score, Hong Kong Super Sixes: India and Pakistan will once again renew their rivalry as both teams are all set to face off in a much-anticipated Hong Kong Super Sixes encounter on Friday. Returning after a seven-year hiatus Hong Kong Super Sixes has garnered much attention where records are expected to tumble on every single day. India have faced PakistanAfter Shahbaz Nadeem, Muhammad Akhlaq smashes Manoj Tiwary for two fours and a six in the fourth over.

31.10 / 04:23

markets economy Election Trade performer reports economic data Stock market today: Asia shares decline as investors await earnings, US elections and economic data

Asian shares are mostly declining amid uncertainty ahead of the United States presidential election next week

30.10 / 13:51

markets UPS Digital Tesla Experts show reports Chinese EV giant BYD posts surging Q3 sales, surpassing Tesla

electric vehicle giant BYD reported surging sales on Wednesday, surpassing global rival Tesla in quarterly revenue for the first time as its push into overseas markets advances. The Shenzhen-based firm posted operating revenue of 201.1 billion yuan ($28.2 billion) during the third quarter, a filing at the Hong Kong Stock Exchange showed, up 24 percent from the same period last year. The company's quarterly revenue figure for the first time exceeded that of American EV powerhouse Tesla, which last week posted $25.2 billion in third-quarter revenue.

30.10 / 12:29

markets UPS DOW Trade reports Global stocks mostly lower after Big Tech stocks push Nasdaq to record high

Global markets are mostly lower after a rally in technology stocks propelled the Nasdaq composite to a record high

29.10 / 16:51

markets Platform economy ByteDance TikTok Research reports ByteDance founder Zhang Yiming tops China's rich list

ByteDance founder Zhang Yiming tops the list of China’s richest people, according to the Hurun Research Institute, although many of them have seen their net worth plunge over the past year

29.10 / 04:17

markets UPS economy Election Trade Meta Platforms reports Stock market today: Asian shares mostly rise after Wall Street climbs on Big Tech gains

Asian shares mostly rose after U.S. stocks closed broadly higher with gains in Big Tech companies offsetting a skid in oil-and-gas stocks

29.10 / 01:33

markets UPS Analysis Election Trade Bitcoin Asian shares fluctuate with focus on US election

US election and key economic data that will set the stage for the next Federal Reserve decision. Shares rose in Sydney while Tokyo stocks were little changed and futures pointed to gains in Hong Kong. US futures were steady after most major groups in the S&P 500 gained at the start of the busiest week for corporate earnings.

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