Hong Kong Financial News

14.05 / 02:49

markets DOW GameStop Nikkei Trade Koss recommendations Indian stock market: 7 key things that changed for market overnight - Gift Nifty, India inflation to GameStop rally

Sensex gained 111.66 points, or 0.15%, to close at 72,776.13, while the Nifty 50 settled 48.85 points, or 0.22%, higher at 22,104.05. “The positive takeaway was that Nifty ended above the psychological 22,100 mark, aided by sluggish WTI oil prices and investors reinforcing bets for Federal Reserve’s September interest rate cuts. While mixed global cues hardly enthused local investors, concerns over strong FII selling in the month so far along with caution in the poll season kept the upside limited with investors also trading with caution ahead of the inflation announcement," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.

13.05 / 16:07

WhatsApp President War reports rights Interviews Headlines Argentine President Javier Milei branded 'traitor' over his comment on Falkland. Tension simmers again

Falkland has once again hit the headlines and it is most likely to stir the passion of the people living on the island. After Argentina’s President Javier Milei said that British Foreign Secretary David Cameron has “every right” to visit the Falkland Islands as they are “in the hands of the United Kingdom, he has been branded as a 'traitor'.

13.05 / 08:23

Bitcoin Hong Kong’s New Spot Bitcoin ETFs Attract Investors from Mainland China

The Bitcoin Asia 2024 conference in Hong Kong attracted a large crowd of enthusiasts and especially investors from mainland China.

13.05 / 08:23

security deepfake voice social Features Videos Hong Kong Crypto Exchange Uses Elon Musk Deepfake to Promote Him as Lead Developer

The Hong Kong Securities and Futures Commission has issued a warning regarding deepfake scams infiltrating the cryptocurrency industry.

13.05 / 03:19

markets Reuters Analysis Everest Zions show stage Before global scrutiny, Indian spice maker MDH faced many US rejections

Indian spice brand MDH, under scrutiny for alleged contamination in some products, has since 2021 seen an average 14.5% of its U.S. shipments rejected due to the presence of bacteria, a Reuters analysis of U.S. regulatory data found.

13.05 / 02:13

markets UPS Reuters Election Trade President Indian stock market: 8 key things that changed for market over weekend - Gift Nifty, US consumer sentiment to China CPI

Read here: Week Ahead: Inflation data, Q4 Results, FII activity, global cues among key market triggers this week On Friday, the Indian stock market benchmark indices ended higher, but lost over 2% each for the week, with heavy selling seen in broader markets. The Sensex gained 260.30 points, or 0.36%, to close at 72,664.47, while the Nifty 50 settled 97.70 points, or 0.44%, higher at 22,055.20. “Heavy FII selling, and concerns over the outcome of ongoing general elections added to the overall pressure in the markets.

12.05 / 17:41

markets Digital Progressive wellness Trade President No more business class?

European business leaders don't seem much concerned about the prospect of another Trump presidency. Some even view it optimistically. Not even Trump's expected unilateral trade moves seem to alter the equation much. In fact, such a move on Trump's part could provide European business leaders with political cover to help them justify shifting production out of Europe. Motivation to shift capital and production out of Europe go well beyond the oft-cited lower cost of energy. To the West, labour productivity in the US on average grew 0.8 percentage points faster a year between 2008 and 2023 than in the eurozone. To the East, there is high growth potential and associated investment opportunities.

11.05 / 00:22

Platform social reports Department Videos Relationships International PR executive reportedly departs China's Baidu after comments glorifying overwork draw backlash

A top Baidu public relations executive has reportedly departed the Chinese technology company after she drew public outcry over comments that were seen as glorifying a culture of overwork

10.05 / 14:41

Man Sustainability hospital reports Investigations Hong Kong Businessman and Son Surrender to Police Over Kidnapping of Crypto Investor in $1.9 Million Dispute

A Hong Kong businessman and his son have surrendered to police in connection with the abduction of a cryptocurrency investor, according to a local news outlet, the South China Morning Post, citing sources familiar with the matter.

10.05 / 11:47

security economy wellness President show reports Equities rally continues ahead of Fed speeches

Stocks rallied on earnings optimism and US data that supported the case for interest-rate cuts. A raft of Federal Reserve speakers are slated for Friday as traders await a key US inflation print next week.

10.05 / 11:45

Reuters Aware Manufacturing Food Everest Trade reports US says treatment of spices with ethylene oxide is 'safe' as Hong Kong, Singapore ban some MDH, Everest products

human consumption and a cancer risk with long exposure. According to reports, the health authorities in Singapore and Hong Kong found cancer-causing pesticide “ethylene oxide" in these masalas above the acceptable limits.

10.05 / 10:03

Bitcoin Canaan Launches New Energy-Efficient Miner A1566 at Bitcoin Asia 2024

Canaan has launched a new mining machine at the Bitcoin Asia 2024 conference.

10.05 / 05:23

markets UPS FIVE Trade recommendations Updates Bear market on the horizon? Deepak Shenoy weighs in on incoming ‘doomsday’

₹22,000 crore in May 2024. FIIs offloaded Indian equities worth ₹22,858 crore within the first six market sessions so far in May 2024.

10.05 / 05:23

markets UPS security Election trends Trade recommendations Stock in focus: Rajesh Palviya of Axis Securities recommends Hero MotoCorp, Crompton Greaves, and Ajanta Pharma today

Stock Market News: Domestic equity benchmark indices, the Sensex and the Nifty 50, began Friday's session in green amid positive global cues. Due to investor risk aversion during the ongoing election sessions, the domestic market saw heavy selling pressure on Thursday. However, because there aren't any significant positive triggers, analysts predict that this volatility will continue in the near future.

10.05 / 03:45

Platform wellness social reports travelers Videos Relationships PR executive at Chinese tech firm Baidu apologizes for comments seen as glorifying overwork

A top public relations executive from Chinese technology firm Baidu has apologized after she made comments that were seen as glorifying a culture of overwork

10.05 / 02:53

markets UPS Boeing MSCI Nikkei show reports Rate Cut Asia stocks rally on renewed global rate cut optimism

Asian stocks rose on Friday, on course for a third week of gains, while the dollar was on the back foot as fresh signs of an easing U.S. labour market stoked optimism around interest rate cuts this year ahead of next week's crucial inflation data. Sterling was steady at $1.2515, having touched over two-week low of $1.2446 on Thursday after Bank of England (BoE) paved the way for the start of rate cuts as soon as next month.

10.05 / 02:33

markets Reuters DOW Boeing Trade track recommendations jobless claims Indian stock market: 7 key things that changed for market overnight - Gift Nifty, BoE policy to US jobless claims

Motilal Oswal Financial Services Ltd. Here are key global market cues for Sensex today: Asian markets traded higher on Friday tracking overnight gains on Wall Street amid renewed rate cut hopes. Japan’s Nikkei 225 rallied 1.52%, while the Topix gained 1.22%.

10.05 / 00:51

markets UPS security CME Trade reports NSE stock soars 25% in unlisted market post 4:1 bonus issue

Shares of the National Stock Exchange surged by more than 25% in the unlisted market this week following a 4:1 bonus announcement last Friday. According to brokers dealing with the unlisted shares, the stock was trading at around ₹4,300-4,400 last week and is currently trading in the ₹5,400-5,800 range. At ₹5,500, NSE is valued at ₹2.73 lakh crore or about $33 billion, making it the world's seventh most valuable stock exchange, trailing Nasdaq's market capitalisation by just $1 billion.

09.05 / 20:47

UPS economy trends Trade show reports China's exports and imports return to growth in April as demand improves

China reported Thursday that its exports and imports returned to growth in April, suggesting that demand is improving despite an uneven economic recovery

09.05 / 17:45

Action Food Everest Trade country testing Mint Primer | Indian spices: the bitter taste of global scrutiny

Mint looks at the issue and analyses what it could mean for the $4-billion export sector. On 5 April, Hong Kong’s food regulator suspended the sale of MDH spice mixes saying they contain high levels of ethylene oxide, a carcinogenic. Singapore followed suit with Everest, another top Indian spice brand.

09.05 / 10:45

markets Bitcoin news ETF Research Trade Bitcoin regulatory Bitcoin Price Prediction: Dips Below $61,000 Amid Regulatory Scrutiny and Fed’s Hawkish Stance

As Bitcoin price predictions become increasingly cautious, the cryptocurrency continues to face substantial headwinds. Recently trading around $61,540, Bitcoin dipped to an intra-day low of $60,910, influenced by escalating regulatory scrutiny in the U.S. and a hawkish Federal Reserve stance on interest rates.

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