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Opinion: As Chinese tourists stay home, Hong Kong must embrace them more

scmp.com At one point during the pandemic, tourism contributed just 0.1 per cent of gross domestic product, and 22,500 jobs. The government’s January-to-August statistics say 20.55…

Brookfield, Ontario Teachers' team up to acquire Compass Datacenters

financialpost.com The deal for the company that designs and constructs data centres has an enterprise value of about $5.5-billion, a person familiar with the matter told Reuters. Compass…

How the CEO of the $243.7-billion PSP Investments pension fund is navigating tumultuous markets

financialpost.com DO: Positive returns in challenging markets are good. And I think what it really reflects is the diversity of our portfolio, the deep expertise of our investors and the…

These Are The World's Largest Oil Producers

zerohedge.com These Are The World's Largest Oil Producers In 2022 oil prices peaked at more than $100 per barrel, hitting an eight-year high, after a full year of turmoil in the energy…

Meta Publishes New Report on Evolving Consumption Shifts, and What Marketers Need to Consider

socialmediatoday.com Meta has published a new report which looks at the key consumption shifts that brands need to consider in their marketing outreach, which highlights some important notes for…

Evergrande: The rise and fall of the property giant's billionaire founder

bbc.com The 64-year-old, who is also known as Xu Jiayin, rose from a humble upbringing to head a vast business empire. His fortune was estimated at $42.5bn (£34.8bn) when he topped…

Stock Market News Today, 9/29/23

tipranks.com Stock indices finished today’s trading session mixed. Indeed, the Nasdaq 100 (NDX) gained 0.08%, while the S&P 500 (SPX) and the Dow Jones Industrial Average (DJIA) fell…

US Fed must watch its step as economic recession risks loom

scmp.com The latest round of central bank meetings , UK and the euro zone all point to an end to interest rate rises. These central banks face similar conditions; inflation is…

Dealmakers see rebound after US activity buoys global M&A volumes

reuters.com 30 Wall Street, an office building with commercial space available in the financial district, is seen in New York City, U.S., July 6, 2023. REUTERS/Brendan McDermid/File…

China Evergrande Chairman ‘Suspected of Crimes’, Company Says

asiafinancial.com China Evergrande Group confirmed late on Thursday that its chairman and founder Hui Ka Yan had been apprehended due to suspicion he had committed criminal offences. In a…

Hang Seng Rallies on Wall St Gains, Nikkei Slips on Data Fears

asiafinancial.com Asia’s major stock indexes rebounded on Friday with investor mood lifted by a Wall Street rally overnight to record their best day in weeks. But stocks across the region…

Inflation in Japan's capital slows but pressures persist

reuters.com A woman looks at items at a shop in Tokyo, Japan, March 24, 2023. REUTERS/Androniki Christodoulou/File photo Acquire Licensing Rights TOKYO, Sept 29 (Reuters) - Core…

Asian stocks end grim Q3 on brighter note, rate worries linger

reuters.com A passerby walks past an electric monitor displaying various countries' stock price index outside a bank in Tokyo, Japan, March 22, 2023. REUTERS/Issei Kato/File photo…

PwC tax leak scandal not isolated to Australia, senators claim

theguardian.com The politicians who exposed PwC’s leak of government secrets have claimed the scandal is not isolated to Australia, citing emails that reveal global partners knew they…

China Evergrande’s founder under investigation, shares halted

aljazeera.com World’s most indebted property developer did not say what were the ‘illegal crimes’ for which he was being investigated. China Evergrande Group’s founder is being…

‘There’s no doubt we picked a side here’

forkast.news The past year has seen its fair share of blowups in the crypto industry. Big names headlined by the cryptocurrency exchange FTX have gone under, sending out shockwaves…

Opening Bell: 9.28.23

dealbreaker.com HSBC to acquire Citigroup China consumer wealth business [Reuters]The acquisition adds to a list of moves by HSBC to expand in China, one of its key markets as Europe's…

Xerox and Carl Icahn Conclude Investment Saga. A Closure Of Tumultuous Journey

benzinga.com Carl Icahn, the famous activist investor, is finalizing his investment in Xerox Holdings Corp. XRX by selling his remaining stake to the company for a substantial $542…

Icahn Sells Remaining Xerox Stake Back to Company

finance.yahoo.com Activist investor Carl Icahn is ending a years-long investment in Xerox Holdings Corp. by selling his remaining stake back to the company for $542 million. • None Peloton…

China moves to counter US by winning over Japan and South Korea

newsweek.com Chinese President Xi Jinping is looking to use a planned meeting with fellow leaders from Japan and South Korea to reassert his nation's position in the region after…

Europe Markets: Ams-OSRAM loses a quarter of market value as traders balk at $2.1 billion fundraising

marketwatch.com Ams-OSRAM AMS, lost more than a quarter of its market value on Thursday after the heavily-indebted electronics groups set out plans to raise more than €2 billion ($2.1…

China Evergrande shares halted as concerns mount about developer’s prospects

theglobeandmail.com Trading in shares of China Evergrande Group was suspended on Thursday after a report that its chairman had been placed under police watch, as concerns mounted about the…

Evergrande shares halted as concerns mount about developer's prospects

investing.com HONG KONG/BEIJING (Reuters) -Trading in shares of China (HK: ) Group was suspended on Thursday after a report that its chairman had been placed under police watch, as…

Prime Video To Introduce Channels & Expand Local-Language Content Slate In Southeast Asia

deadline.com Prime Video has big plans for the Southeast Asia region, including the introduction of channels and an expanded local-language content slate, the streamer’s Vice President,…

The CEO of a Vietnam-based company explains why his team has a hybrid schedule when most companies in the country are back in the office

businessinsider.com Daan van Rossum, in the middle of the back row, moved to Ho Chi Minh City eight years ago and started multiple companies. Daan van Rossum A CEO in Vietnam offers his team…

New Trouble Roils China Evergrande, Fueling Property Crisis Fears

nytimes.com A locked entrance to an Evergrande residential project in 2021. The company, once a testament to China’s success, halted stock trading on Thursday. The real estate firm…

European Markets Hit Lowest Levels in Months amid Growing Inflation

coinspeaker.com Coinspeaker European Markets Hit Lowest Levels in Months amid Growing Inflation European markets endured a challenging day on Wednesday, with the region’s benchmark, the…

US-China tensions are every country’s problem now

vox.com President Joe Biden addresses the 78th United Nations General Assembly at UN headquarters in New York City on September 19, 2023. | Ed Jones/AFP via Getty Images Between…

Bond markets brace as oil climbs toward $100 a barrel

investing.com World stocks were on track for their longest losing streak in two years on Thursday as the sight of oil prices heading for $100 a barrel compounded concerns about…

Rates Fears Weigh on Nikkei, Property Slump Hits Hang Seng

asiafinancial.com Asia’s major stock indexes slipped back into the red on Thursday with investors increasingly anxious over the the threat of persistently high interest rates. Regional stocks…

European markets slip; travel and leisure stocks down 1.9%

cnbc.com The pan-European Stoxx 600 index dropped 0.4% in morning trading, with sectors mostly in negative territory. Travel and leisure stocks were down 1.9%, while oil and gas…

VinFast aims to sell up to 50,000 EVs in 2023

cnbc.com Vietnamese electric vehicle maker VinFast's ambitious plan to deliver as many as 50,000 vehicles this year is "unrealistic," according to one analyst. VinFast said it…

4 Stocks to Watch in a Challenging Technology Solutions Industry

247wallst.com Players in the Zacks Computer – Integrated Systems industry are grappling with lingering supply-chain bottlenecks. A challenging macroeconomic landscape with rising…

Dollar shines as oil surge spooks investors

reuters.com Oil prices scaled one-year highs on Thursday, while world stocks eyed their longest losing streak in two years as worries deepened about persistently high interest rates,…

Bitcoin, Ether edge up; Wall Street on edge amid government shutdown fears

forkast.news Bitcoin was trading above US$26,300 Thursday morning in Asia after briefly breaching US$26,800 Wednesday evening. Ether also made up some ground, rising above the US$1,600…

Aggregation, Ads, Partnerships & Reducing Content Costs: Amazon’s Kelly Day, WBD’s JB Perrette Among Industry Leaders Mapping Out Streaming Next Steps

deadline.com The Asia Pacific region is seen as one of the key drivers for growth in the global streaming industry, but is still feeling the squeeze as investment spirals and cost…

‘Alice in Borderland’ Lands Season 3 Renewal at Netflix

hollywoodreporter.com It’s official: Netflix has renewed its hit Japanese sci-fi thriller drama Alice in Borderland for a third season. Fans of the show noticed late Wednesday that Netflix had…

Once dubbed a 'zombie' index, this Asian stock market is trying European-style trading to reinvent itself

cnbc.com The Singapore Exchange has become the first exchange in Asia to offer trading in "structured certificates" — but analysts say it's not clear if the new offerings will…

WeLab has a target of 500 million users in the next decade

scmp.com WeLab, a Hong Kong-based fintech unicorn backed by billionaire Li Ka-shing, wants to grow its users eight-fold in the next 10 years to 500 million by expanding further in…

EU chamber tells China to walk the talk on liberalising markets to boost FDI, cement Shanghai as global financial hub

scmp.com EU chamber tells China to walk the talk on liberalising markets to boost FDI, cement Shanghai as global financial hub A key European business group in China is urging…

Don’t write off Hong Kong and mainland China despite headwinds, analysts say

scmp.com A personalised news feed of stories that matter to you Get more with my NEWS Don’t write off Hong Kong and mainland China despite headwinds, Post’s ‘Redefining Hong Kong’…

Global stocks flatline after surge in bond yields drives equity sell-off

reuters.com LONDON/HONG KONG (Reuters) - Global stocks were little changed on Wednesday after a sharp sell-off the previous day, while U.S. Treasury yields dipped after hitting their…

Hang Seng Gains on Slowing Profit Slump, Weak Yen Lifts Nikkei

asiafinancial.com Asia’s major stock indexes crept ahead on Wednesday with investor mood lifted by fresh data out of China, though gains across the region were capped by fears over fading…

Global stocks tick up and bond yields dip after sell-off

aol.com LONDON/HONG KONG (Reuters) - Global stocks inched higher on Wednesday as investors found a footing after a sharp sell-off the previous day, while U.S. Treasury yields dipped…

Ex-Morgan Stanley bankers win coveted role on IPO of Alibaba unit Cainiao

scmp.com Ampere Partners, a boutique firm founded by senior former Morgan Stanley deal makers, has landed the coveted role of financial adviser to , according to a preliminary Hong…

Asia stocks mixed, investors grapple with impact of higher rates

reuters.com Asia stocks traded mixed on Wednesday and benchmark U.S. Treasury yields were near multi-year highs, as investors sour on both stocks and bonds amid worries about the impact…

Rate jitters wear down wary markets

reuters.com A look at the day ahead in European and global markets from Ankur Banerjee Investor nerves remain frayed over the prospect of interest rates staying higher for longer, with…

Asia stocks mixed as investors grapple with higher rates

reuters.com Asia stocks traded mixed on Wednesday and benchmark U.S. Treasury yields were near multi-year highs, as investors sour on both stocks and bonds amid worries about the impact…

TikTok targets Asia's red-hot video game market to boost ad revenue

asia.nikkei.com TOKYO -- TikTok is looking to cash in on Asia's increasingly competitive video game market by persuading game developers, particularly independent studios, to advertise on…

SFC puts small Hong Kong crypto exchanges under glare of public scrutiny as they pursue virtual asset licences

scmp.com SFC puts small Hong Kong crypto exchanges under glare of public scrutiny as they pursue virtual asset licences Four little-known Hong Kong-based cryptocurrency exchanges…

Morning Bid: Treasury yields march on

reuters.com An eagle tops the U.S. Federal Reserve building's facade in Washington, July 31, 2013. REUTERS/Jonathan Ernst/File Photo Acquire Licensing Rights A look at the day ahead in…

What Does a Former B-2 Pilot See In Photos of The B-21 Raider?

forbes.com I asked Robert Spaulding, former commander of the Air Force’s 509th Operations Group - the nation’s only B-2 Stealth Bomber unit - what the few existing photos of the B-21…

Why Taiwan Could Become Next Asian Crypto Hub

beincrypto.com Taiwan’s Financial Supervisory Commission (FSC) released rules to regulate the crypto sector today. The move comes as the nation looks to cash in on crypto investors’ Asian…

Asia-Pacific holds untapped derivatives trading potential if local regulatory and counterparty challenges can be overcome

thetradenews.com Derivatives volumes in Asia-Pacific (APAC) are growing at a considerable rate – contrasting declines in Europe and marginal growth in the US – presenting increased…

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