Hong Kong Financial News

The lawyer representing Sam Bankman-Fried (SBF) in his upcoming case against the United States Department of Justice submitted a renewed request for his temporary release from jail in order to prepare for the trial.

Pieter Elbers, CEO, IndiGo, tells ET Now about the airline's plans going forward. Edited excerpts:ET Now: Give us an idea of the airline's expansion strategy...Pieter Elbers: Over the past five-six weeks we have added new flights from Mumbai, we have started operations from Mumbai to Nairobi. We have started Mumbai to Jakarta and as recently as this weekend we have launched flights from Delhi to Tashkent and Almaty. So we have expanded from a little over 20 destinations to 32 now.

By Kevin Buckland

Hackers stole around $200 million from crypto firm Mixin early on Saturday, the company said on social media platform X on Monday, in what researchers say is the largest crypto theft so far this year. Mixin, which lists its location on LinkedIn as Hong Kong, said the database of its network's cloud service provider was «attacked by hackers, resulting in the loss of some assets» and that «the funds involved are approximately US$200 million». Mixin describes itself as a network for transferring digital assets. It has one million users, according to its website. It said on X, formerly known as Twitter, that it had stopped allowing users to withdraw their funds from the network, but that transfers were not affected and that services will re-open once the vulnerabilities are fixed.

Check all the latest updates here.Indian tennis player Ankita Raina secures victory in straight sets (6-1, 6-2) against Adithya Patali Karunaratne from Hong Kong China in the Round 3 of the Women's Singles event.In Heat 1 of the men's 4x100m medley, India secured the second position with a time of 3 minutes and 40.84 seconds. The team consisted of Srihari Nataraj, Likith Selvaraj Prema, Sajan Prakash, and Tanish George Mathew.The top 8 athletes from both heats will advance to the final round.India have made its mark at the Asian Games 2023, excelling in specific sports that brought a total of 11 medals for the country.

Treasury yields scaled a fresh 16-year peak on Tuesday, underpinning the dollar near a 10-month summit, as investors responded to the message from the Federal Reserve and other major central banks of rates staying elevated for longer. Asia-Pacific stock benchmarks sagged along with gold, while crude oil continued to drift back from 10-month highs. The yield on 10-year Treasury notes rose to 4.552%, a level not seen since October 2007. The U.S. dollar index — which measures the currency against six major developed market peers, including the euro and yen — ticked up 0.05% to 106.00, after reaching 106.10 overnight for the first time since Nov.

Investing.com-- Most Asian stocks retreated on Tuesday as the prospect of higher U.S. rates weighed on the technology sector, while persistent concerns over a Chinese economic slowdown also kept investors wary of regional markets. 

equity indices ended flat as sentiment remained fragile on concerns of higher interest rates and faltering economic growth. “We expect weakness to persist in the market amid cautiousness ahead of the monthly F&O expiry this week and economic data like India’s Infrastructure Output for the month of August US and UK Q2 GDP data and US and China manufacturing PMI data to be released," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — September 26 Here are key domestic and global market cues for Sensex today" Asian markets were trading mostly lower on Tuesday as concerns about China’s property sector re-surfaced.

Project mBridge may soon see significant expansion, according to Hong Kong Monetary Authority (HKMA) CEO Eddie Yue. He outlined the plans for the central bank digital currency (CBDC) project in a speech in Shanghai.

Hong Kong regulators are looking to tighten the noose around the crypto market after arresting six individuals following allegations of fraud around an unlicensed crypto exchange, JPEX. The government intends to increase its efforts to inform investors and remind them only to utilize platforms granted Securities and Futures Commission licenses. 

The JPEX scandal, regarded as potentially the largest financial fraud in Hong Kong's history, has not only harmed thousands of victims but has dealt a significant blow to retail trust in cryptocurrencies in the jurisdiction. 

Hong Kong-based decentralized cross-chain transfer protocol Mixin Network is drawing controversy over the disclosure of a $200 million hack on Sept. 25.

international feature film award at the Oscars 2024 has begun. Most countries have selected their films as all the nominations are to be sent to the Academy of Motion Pictures Arts & Sciences by 5 pm Monday, October 2. These films must meet all the qualifying conditions between December 1, 2022, and October 31, 2023.

Hackers stole around $200 million from crypto firm Mixin early on Saturday, the company said on social media platform X on Monday, in what researchers say is the largest crypto theft so far this year. Mixin, which lists its location on LinkedIn as Hong Kong, said the database of its network's cloud service provider was «attacked by hackers, resulting in the loss of some assets» and that «the funds involved are approximately US$200 million».

The chairman of Hong Kong’s leading journalist group received a five-day jail term after he was found guilty of obstructing a police officer on Monday in a court case that sparked concerns about the city’s declining press freedom

The chairman of Hong Kong’s leading journalist group received a five-day jail term after he was found guilty of obstructing a police officer on Monday in a court case that sparked concerns about the city’s declining press freedom

Speaking about the upcoming Hong Kong Wine & Dine Festival, Mr. Puneet Kumar, Director – South Asia and Middle East, Hong Kong Tourism Board said, “As young and affluent Indian travellers seek immersive holidays, Hong Kong is ready to captivate their senses with global culinary experiences set against its iconic skyline. The return of the Hong Kong Wine & Dine Festival, after a five-year hiatus, marks a momentous occasion in our culinary calendar. It's not just an event; it's a celebration of our rich gastronomic heritage and global flavors. It's an invitation to indulge in the vibrant spirit of the city’s gastronomy and nightlife. We are excited to welcome our international visitors to savor the world's finest flavors, create unforgettable memories and Discover Hong Kong like never before."It’s back: Hong Kong Wine & Dine Festival returns in physical formatTaking place from 26–29 October at Victoria Harbour’s Central Harbourfront Event Space, Hong Kong Wine & Dine Festival 2023 will be a four-day gourmet extravaganza backdropped by the iconic city skyline.

BEIJING — Chinese telecommunications and smartphone giant Huawei didn't reveal any details about its new phone or reported advanced chip breakthrough during a high-profile launch event Monday.

Mixin Network's founder Feng Xiaodong addressed the $200 million hack in a livestream saying that they could initially ensure the security of only half of its users' assets.

Decentralized peer-to-peer network Mixin Network has lost approximately $200 million in a hack involving the compromise of the database of a third-party cloud service provider.

Hong Kong’s financial watchdog confirmed Monday that it would publish the list of cryptocurrency trading firms that have applied for licenses to operate in the Chinese territory, in the wake of the JPEX scandal.