Hong Kong Financial News

18.09 / 03:53

markets UPS economy Nikkei Trade reports Stock market today: Asia shares rise moderately ahead of closely watched Federal Reserve meeting

Asian shares are mostly higher as investors focus on prospects for the U.S. Federal Reserve’s first cut to interest rates in more than four years

18.09 / 01:47

markets economy Research Trade Bitcoin show cover Asian stocks Asian stocks rise as traders await Fed decision

Asian stocks rose before a Federal Reserve policy decision, with traders still split on the size of an anticipated interest-rate cut. Japanese shares led regional gains as the yen’s slide on Tuesday boosted the outlook for the nation’s exporters. The dollar bounced in New York following stronger-than-expected retail-sales data. Hong Kong is shut for a holiday, while Chinese stocks listed on mainland markets will resume trading after a break.

17.09 / 11:14

markets UPS DOW economy Commentary Stock market today: World shares are mostly higher as Wall Street gears up for an interest rate cut

Shares are mostly higher in Europe and Asia as world markets await an expected interest rate cut by the Federal Reserve

17.09 / 08:23

UPS Provident Digital economy country cover reports CBDC Exploration Underway in 134 Countries, Covering 98% of Global Economy

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

17.09 / 07:35

UPS Provident Strategy Trade reports guidelines Hong Kong Set to Release AI Guidelines for Finance, Including Crypto

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

15.09 / 23:14

markets Manufacturing Trade RAI exclusive Investigations International Surat-based SEZ entity on ED radar for 'illegal' forex remittances of over ₹4,000 cr

The agency last week filed a complaint with the agency's Adjudicating Authority under relevant provisions of Foreign Exchange Management Act (FEMA) alleging that the Surat-based entity illegally transferred forex to foreign shores in the «garb of imports from the special economic zone». The complaint alleges that the agency has so far detected illegal transfers of ₹3,437 crore. According to people in the know the total amount of alleged illegal transfers is likely to reach ₹5,000 crore.

15.09 / 18:14

UPS Digital Progressive Platform Trade Experts Bitcoin Experts Warn Slow Regulatory Moves May Stifle Crypto Growth in Hong Kong

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

13.09 / 19:22

security PwC wellness performer country information International China hands PwC a 6-month ban and fine over audit of the collapsed developer

Chinese authorities have banned the accounting firm PwC for six months and fined it over $56 million for its involvement in the audit of collapsed local property developer Evergrande

13.09 / 10:34

markets UPS security Mobile wellness Investigations Vodafone’s UK merger with Three raises competition concerns, regulator says

Subscribe to enjoy similar stories. Vodafone Group’s deal to merge its U.K. business with rival operator Three raises competition concerns, the U.K.’s antitrust authority said, creating uncertainty on a deal poised to shake up the country’s telecommunications market.

13.09 / 02:10

markets UPS economy Trade show Latin Yen advances, treasuries rise as Fed move nears: Markets Wrap

Federal Reserve to begin policy easing. Stocks fluctuated in the region, with the yen’s rise to around 141 per dollar pressuring those in Japan, an export-oriented economy. Australian and South Korea shares rose, following a fourth day of gains on Wall Street. Hong Kong futures were higher.

12.09 / 16:04

FIVE Manufacturing economy Trade President country reports US companies see record-low profits in China amid geopolitical tensions, report says

A report by the American Chamber of Commerce in Shanghai has found that U.S. companies in China are seeing record-low profits, with business confidence at an all-time low amid U.S.-China tensions and a slowing Chinese economy

12.09 / 04:36

markets Provident Platform security Trade reports Department Hong Kong Securities Regulator Explores New Licensing for Crypto OTC Services

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

12.09 / 01:12

BLOCK BBC LiveCoin reports Features Investigations International Brazilian Police Block $1.6B Worth of Crypto and Fiat in Nationwide Raids

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

11.09 / 20:13

markets Action economy Trade country reports recommendations European business confidence in China is at an all-time low, report says

A European business group says China must reprioritize economic growth and reforms and boost investor confidence by leveling the playing field for all companies in the country

11.09 / 14:37

UPS Manufacturing economy Food pandemic Trade China's August exports grow a robust 8.7%, beating forecasts while imports soften

China’s exports grew for a fifth consecutive month

11.09 / 07:45

UPS Manufacturing economy Sustainability trends Trade country China’s export thrust is pushing tariffs up across Asia

South China Morning Post, the Hong Kong daily, reported that the Malaysian Retailers Association has publicly called on Kuala Lumpur to significantly raise duties on imported goods costing $115 or less from the 10% levy imposed in January. The retailer’s association estimates it is losing 30% of its business to e-commerce portals selling goods shipped in from China. “Because we have not tightened up any rules or regulations, Malaysia has become a dumping ground for excess capacity from China," Ameer Ali Mydin of the Malaysian Retailers Association told the newspaper.

09.09 / 18:07

markets UPS IPO Morningstar Trade cover China’s Midea moves ahead with Hong Kong’s likely biggest listing this year

Chinese appliance maker Midea Group has started taking orders from investors for an initial public offering to raise up to US$3.46 billion, which, if successful, would be the biggest such fundraising deal in Hong Kong this year. Foshan-based Midea is selling a total of 492.14 million shares at a price range of HK$52.00-HK$54.80, equivalent to US$6.67-US$7.03 a share, Midea said in a filing Monday. At the top end of the range, the IPO size would be US$3.46 billion and surpass tea shop giant Sichuan Baicha Baidao Industrial’s around US$315 million listing in April.

09.09 / 05:52

markets UPS economy Trade show reports Updates Asian markets dip after Wall Street had its worst week in nearly 18 months

Asian stocks fell Monday after another rout hit Wall Street on Friday, as a highly anticipated update on the U.S. job market came in weak enough to add to worries about the economy

07.09 / 10:23

Citi Southern country social reports evacuation Videos Two killed, 92 injured as super Typhoon Yagi wreaks havoc in China

Typhoon Yagi pounded south China's island province of Hainan with heavy rain and gusty winds, local authorities said Saturday. Yagi, the 11th typhoon of this year, made two landfalls in China on Friday, first striking Hainan and later Guangdong province. China has sounded a red alert on Friday and warned of floods in the southern region as Yagi made landfall first in Hainan followed by southern Guangdong province and is expected to hit China's Guangxi Zhuang autonomous region and northern Vietnam. More than one million people have been evacuated in the affected areas with work, classes and businesses suspended and over 100 flights cancelled on Friday, the Hong Kong-based South China Morning Post reported.

07.09 / 02:53

markets UPS Provident CEO Strategy Trade show Dalal Street indices tank on weak global cues

traders cut bets ahead of the crucial US jobs data scheduled to be released after trading hours in Mumbai. Speculation that foreign funds were selling ahead of the deadline to comply with the ultimate beneficial ownership norms on Friday also dented sentiment. The regulations require overseas investment vehicles to provide granular details of all entities holding any ownership, economic interest, or exercising control, failing which they must liquidate their domestic holdings.

06.09 / 05:37

markets DOW economy Tesla Trade reports Asian shares trade mixed amid caution ahead of key US employment report

Asian shares are trading mixed ahead of a highly anticipated U.S. jobs report that’s expected to influence how the U.S. Federal Reserve will move on interest rates

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