Hong Kong Financial News

ICEA)'s TruthTell Hackathon is a collaborative initiative with the Ministry of Information & Broadcasting catering to real time misinformation detection in live broadcasts. It aims to bring together top talent in artificial intelligence, machine learning, and natural language processing to develop real-time tools for detecting and flagging misinformation.

Asian markets are mostly lower after shares slumped on Wall Street despite better-than-expected reports on the U.S. jobs market and business activity

Subscribe to enjoy similar stories. China is widening the scope of its consumer goods trade-in program this year, as Beijing intensifies efforts to convince cautious households to spend as rising external uncertainties threaten exports’ ability to prop up economic growth. The National Development and Reform Commission, China’s top economic planner, said Wednesday that the government will include more products in its home appliance trade-in program in 2025, extending state subsidies to microwave ovens, water purifiers, dishwasher and rice cookers.

The U.S. Defense Department has added major Chinese technology companies including gaming and technology company Tencent, artificial intelligence firm SenseTime and the world’s biggest battery maker CATL to its list of companies it says have ties to Ch...

Chow Tai Fook and De Beers has failed to enthuse Chinese consumers to buy the rock. The trade had raised Rs 15 crore through crowdfunding for the generic promotion of natural diamonds across the key international markets.

Pony.ai Inc is seeking to launch its robotaxi services in Hong Kong, joining Baidu in a race to provide services in the city, as the autonomous driving firm looks to expand its operations globally.

Subscribe to enjoy similar stories. HONG KONG—It took the promise of access to contraband, an FBI front company and help from Fiji, but they got their man: U.S. investigators, in a tricky sting operation, picked off a supplier of parts Moscow needs for its war in Ukraine.

Asian stocks were primed to begin the New Year on a cautious note after an inauspicious end to an otherwise stellar 2024 for global equity investors. Futures on benchmarks in Shanghai declined after mainland Chinese gauges tumbled in December’s final day of trading. The S&P 500 and Nasdaq 100 indexes dropped for a fourth consecutive session in a year-end pullback that shaved more than a trillion dollars from large-cap market values.

China has reported its factory activity expanded at a slower pace in December, despite recent stimulus measures and in the face of increasing trade risks

technology sector extended losses on Wall Street for a third session. Australian stocks fell about 0.7% in early trade Tuesday, with futures also pointing to a downbeat open in Hong Kong. A gauge of regional equities is set for its first quarterly loss this year. US contracts edged lower in Asia, following declines for both the S&P 500 and the Nasdaq 100.

China stocks closed roughly flat on Wednesday, as gains in energy shares offset losses in small-cap shares, while the Hong Kong market was closed for a public holiday. ** China's blue-chip CSI300 Index closed up 0.05%, while the Shanghai Composite Index was down 0.01%.

Hong Kong dollars for information leading to their arrests.According to the warrants, the six are wanted for national security offences such as secession, subversion and collusion with foreign forces. They include Tony Chung, the former leader of now-defunct pro-independence group Studentlocalism.U.K.-based Carmen Lau, a former district councilor and current activist with the Hong Kong Democracy Council, as well as Chloe Cheung, an activist with the Committee for Freedom in Hong Kong, also had warrants issued against them.The latest round of warrants signals that the Hong Kong government is targeting vocal critics based abroad.The government had previously issued two rounds of arrest warrants and bounties for more prominent activists, including ex-lawmakers Ted Hui and Nathan Law.The increasing number of wanted individuals abroad come as Hong Kong continues to crack down on political dissent following massive anti-government protests in 2019 that resulted in a wave of pro-democracy movements.

Subscribe to enjoy similar stories. From China’s stock rout to the unwind of the yen-funded carry trade, whose participants, according to some, “eat like a bird and poop like a cow," 2024 was full of surprises. No one expects 2025 to be less exciting.

Shares swung between gains and losses in Japan and edged lower in Australia, with shortened sessions in Hong Kong and Sydney for Christmas Eve. US equity futures were little changed in Asia after a gauge of the “Magnificent Seven” technology megacaps rose 1.4% Monday, offsetting weaker-than-expected US consumer confidence data.

Supreme Court on December 20 set aside the National Consumer Disputes Redressal Commission (NCDRC)’s earlier judgment that capped the interest charged by banks on late credit card bill paymets at 30 per cent. The national consumer court had in 2010 restrained banks from charging interest rates in excess of 30% per annum from the credit card holders for their failure to make full payments on due date. The NCDRC judgment had held that if banks charge rate of interest over 30% towards credit card dues, that would amount to unfair trade practice.

On the face of it, the list of promotions to managing director (MD) which Bank of America has just announced looks like it might have raised a few eyebrows.  The overall MD class of ’24 has 387 members, up 16% on last year.  Within that, Jim DeMare’s global markets operation accounts for 65 new promotions, same as 2023.  But what’s happened to the bankers?

The world’s largest maker of batteries for electric vehicles says it will get into battery swapping in China in a big way starting next year

Asian stocks are mostly higher ahead of the Fed’s last rate decision this year

To determine the busiest international and domestic flight routes, OAG analyzed the volume of scheduled airline seats from January to December 2024. The routes listed reflect round trip flights rather than one-ways in a single direction. “With the Asia Pacific region very close to a full recovery, the busiest routes are concentrated in the familiar major hubs of Hong Kong, Seoul Incheon and Singapore,” said John Grant, chief analyst at OAG, in a release.

Shares are mixed in Asia after the Nasdaq set a record ahead of a meeting by the Federal Reserve later this week that could set the direction for markets in the new year

Federal Reserve. A key stock benchmark for the region climbed, as did shares in Australia and Japan. South Korean equities fell, while futures for Hong Kong stocks pointed to a decline. The moves came after a positive session on Wall Street, where the Nasdaq 100 gained more than 1% to reach another record high.