Hong Kong Financial News

14.07 / 18:11

Ripple SEC BlackRock Fidelity Bitcoin regulatory Signs 'crypto winter' ending as regulatory fog begins to lift

Cryptocurrencies were testing year highs on Friday as a run of favourable regulatory and investment moves have started to shift momentum in markets that had been stuck in a rut for months.Bitcoin traded at its highest price since June 2022 overnight, touching $31,818 on the Bitstamp exchange. It is up more than 90% for the year so far and nearly 30% in a month. Second-biggest token Ether had its best session since March and Ripple, which a U.S. judge ruled could be legally sold on public crypto exchanges, soared 73%. «The regulatory environment is changing,» said Matthew Dibb, chief investment officer at crypto asset manager Astronaut Capital. «And by what we have seen in the last 24 hours, it could be for the better.»

14.07 / 16:29

Blockchain Art Binance Crime ETF Fashion Bitwise National BTC ETF Multichain Spot BTC ETF Today in Crypto: Multichain Halts Operations Due to Lack of Funds and CEO's Arrest, Indonesia to Launch National Crypto Exchange This Month, US SEC Acknowledges Bitwise's Spot BTC ETF Application

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

14.07 / 03:53

UPS NIFTY SENSEX Nikkei KOSPI Asian stocks Asian stocks push higher on easing Fed fears, China GDP in focus

Investing.com-- Most Asian stocks rose further on Friday, capping off a positive week on signs of cooling U.S. inflation, with focus now turning to upcoming data offering more cues on the Chinese economy.

14.07 / 03:11

Lowe's Citigroup NIFTY BlackRock Nikkei Indian US stocks Gift Nifty, Asian markets to rally in US stocks on cooling inflation - key global cues for Indian stock market

inflation data reinforced hopes that the Federal Reserve is approaching an interest-rate peak. In the US, data showed the producer price index climbed 0.1% in June, its smallest year-on-year gain since August 2020 and followed a 0.9% increase in May. A separate report showed initial claims for state jobless benefits dropped 12,000 to a seasonally adjusted 237,000 for the week ended July 8, but overall the labor market remains tight.

13.07 / 20:51

UPS Citi Provident COMPOSITE DAX US stocks inflation data Global markets update: US stocks edge higher after producer inflation data

jobless benefits dropped 12,000 to a seasonally adjusted 237,000 for the week ended July 8, but overall the labor market remains tight. The 10-year treasury yield fell to 3.76% from 3.86% late Wednesday. The 2-year treasury yield fell to 4.63% from 4.75%.

13.07 / 18:39

UPS FIVE Platform Hyundai Data recap: Poverty report, gaming tax, inflation

second spotcontinued between Hyundai Motor and Tata Motors. This was a particularly rainy week in northern India, with loss of lives and property reported in multiple states, especially the hills.Delhireceived 40% of its seasonal rainfall in just a two-day period. Till 30 June, the monsoon deficit for the entire country was 10% of the long-period average.

13.07 / 14:25

CBDC stablecoins Threat India Central Bank Official Warns of 'Existential Threat' from Stablecoin

Reserve Bank of India’s Deputy Governor has warned that stablecoins pose an existential threat to policy sovereignty and are not useful to economies like India.

13.07 / 14:11

Target NYSE VinFast's SPAC partner for US listing extends its lifespan by one year

HANOI (Reuters) — Shareholders of Black Spade Acquisition, a special purpose acquisition company (SPAC) that planned to merge with Vietnam's electric automaker VinFast by this month to allow a U.S. listing, voted on Thursday to extend its lifespan by a year.

13.07 / 12:21

China trade tumbled in June with exports declining 12.4% and imports down 6.8% as global demand slowed

13.07 / 12:21

UPS Lowe's Target Manufacturing China exports slumped 12.4% in June from a year earlier as global demand weakened

China has reported its exports tumbled 12.4% in June from a year earlier as demand weakened after central banks raised interest rates to curb inflation

13.07 / 11:15

Lowe's MET CEO MSCI Rolex Low Dollar slumps to 15-month low as risk-on mood continues

The risk-on mood in markets stretched into another day as stocks climbed and the dollar weakened to a 15-month low.

13.07 / 01:51

UPS FIVE NASDAQ NIFTY NVIDIA Indian inflation data Gift Nifty, Asian markets to inflation data - check out key triggers for Indian stock market

India’s consumer price index (CPI) inflation rose for the first time in five months to 4.81% in June 2023, which was higher than the street's expectations of 4.58%. The inflation came in at 4.81% versus 4.31% in May 2023 and 7.01% in June last year. Market will also take cues from the corporate earnings for the quarter ended June 2023 with IT major Wipro to announce its results later today. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — 13th July Japan’s Nikkei 225 rose 0.36%, while the Topix gained marginally.

13.07 / 01:27

Provident McDonald's exit Carlyle McDonald's China owners Carlyle, Trustar plan $4 billion exit - Bloomberg News

(Reuters) — Carlyle Group (NASDAQ:CG) Inc and Trustar Capital are planning to raise $4 billion from funds including GIC Pte to buy part of their stakes in McDonald's Corp (NYSE:MCD) operations in Hong Kong and mainland China, Bloomberg News reported on Wednesday.

12.07 / 21:19

NASDAQ DOW COMPOSITE US stocks Global markets update: US stocks gain after slowdown in inflation, Nasdaq rallies 1.16%

inflation data bolstered hopes that the Federal Reserve could end its interest rate hikes soon. The S&P 500 gained 33.40 points, or 0.75%, at 4,472.66 points. The Nasdaq Composite climbed 160.30 points, or 1.16%, at 13,921.00. The Dow Jones Industrial Average rose 92.17 points, or 0.27%, at 34,353.59.

12.07 / 13:03

Target MAIL Microsoft China-based hackers have breached government and individual email accounts, Microsoft says

China has called accusations that a China-based hacking group breached government-linked email accounts “disinformation,” saying they were meant to divert attention from U.S. cyber activities

12.07 / 13:03

Citi Ripple Waters Nikkei Ripples of Fukushima: Hong Kong will ban more Japanese products if radioactive water is released

A top official in Hong Kong says the city will immediately ban the import of aquatic products from 10 prefectures in Japan if it discharges treated radioactive wastewater into the sea

12.07 / 12:25

crypto ban Hong Kong's Grey Zone Crypto Stores Draw in Chinese Visitors

According to a report from the Financial Times, the influx of Chinese tourists into Hong Kong has witnessed a peculiar trend in recent months, as more individuals seek to purchase cryptocurrencies during their visits.

12.07 / 11:15

Platform Tencent Baidu regulatory Beijing's regulatory crackdown wipes $1.1 trln off Chinese Big Tech

China's major tech companies have lost over $1 trillion in value since the government began its regulatory crackdown on the sector more than two years ago. This staggering figure is equivalent to the entire economy of the Netherlands. However, there is now hope among investors that the strict rules that have hindered the industry's growth since late 2020 may begin to ease.

12.07 / 04:35

Lowe's Manufacturing Apple NVIDIA Taiwan chip exports plunge 21% as device makers clear inventory

Taiwan’s exports of integrated circuit chips dropped for a sixth consecutive month in June on slowing global demand. Exports decreased 20.8% from a year earlier to a four-month low of $12.6 billion, according to data from Taiwan’s Ministry of Finance.

12.07 / 02:59

UPS Lowe's Target Reuters MSCI Nikkei inflation data Asian shares rise as traders await US inflation data

Asian shares nudged higher and the dollar was at a two-month low on Wednesday ahead of crucial U.S. inflation data that will help gauge whether the Federal Reserve is at the end of its aggressive rate hike policy. The Japanese yen strengthened against most major currencies and last fetched 139.43 against the dollar, its highest in a month.

12.07 / 02:01

Reuters NIFTY TCS Nikkei KOSPI Indian Asian stocks Gift Nifty, Asian stocks to TCS Q1 results - check out key global cues for the Indian stock market

inflation data from India and the US to be released later today. US stock futures were little changed in early Asian trade, while Japanese and South Korean markets fell. Investors await the inflation data for further cues on the outlook for interest rates in the US and India.

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