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Month: November 2022

Posted on 30/11/2022

Profit Taking May Dent Hang Seng Shares On Wednesday

The Hong Kong stock market on Tuesday halted the two-day losing streak in which it had slumped more than 360 points or 2.1 percent.

Posted on 30/11/2022

HSBC is Bidding Farewell to its Canadian Customers

British bank HSBC used to bill itself as "the world's local bank," but the emphasis is increasingly on local and less on the world part ...

Posted on 30/11/2022

HK stocks dip at open ahead of Fed comments

Hong Kong shares opened slightly lower on Wednesday following the previous day's massive jump, with traders awaiting a key speech by Federal Reserve ...

Posted on 30/11/2022

Hong Kong Start-Up To Clean Up EV Battery Waste

Achelous, in collaboration with researchers at the University of Hong Kong, developed ion exchange methods for extracting and purifying terbium from rare-earth processing waste. Battery metals such as ...

Posted on 30/11/2022

‘This feels so much like Hong Kong’: territory’s solidarity with Chinese uprising

Veterans of Hong Kong’s 2019 protests see echoes in mainland’s anti-Covid anger, but fear a similar outcome ...

Posted on 30/11/2022

RBC Bets on Immigration in $10.1 Billion HSBC Canada Deal

Royal Bank of Canada seeks to shore up its domestic competition and tap into affluent international clientele with financial ties to the country.

Posted on 29/11/2022

Shareholders set to benefit as HSBC sells Canada unit

HSBC has agreed to sell its business in Canada to Royal Bank of Canada for $13.5 billion Canadian dollars (US$10.04 billion) in cash, paving the way ...

Posted on 29/11/2022

UK mortgage approvals tumble; markets rally as China boosts Covid-19 vaccinations for elderly – business live

The number of mortgages approved by lenders in Britain hits its lowest level since June 2020, as housing market slows ...

Posted on 29/11/2022

China’s zero-COVID lockdown protests drag on Chinese and Hong Kong stocks as unrest spooks investors

The eruption of COVID-19 lockdown protests in China are weighing on stocks in the mainland and in Hong Kong.  Hong Kong's benchmark Hang Seng Index shed more than 4% at the open and closed 1.6% lower.

Posted on 29/11/2022

Hong Kong crypto exchange falls silent, fuelling shutdown fears

Atom Asset Exchange (AAX) prevented customer withdrawals on November 15, saying its capital position was under "acute pressure" after some investors asked for their money back ...

Posted on 29/11/2022

US futures rise and Hong Kong stocks jump 5% after China’s vaccination move boosts hopes for a zero-COVID pivot

After public unrest, China said Tuesday it would boost COVID vaccination rates of its elderly citizens, seen as a key step to reopening its economy.

Posted on 29/11/2022

China encourages elderly vaccination; Hong Kong closes 5% higher

Stocks in Hong Kong led gains alongside Chinese indexes after Chinese health authorities held a press briefing on its Covid policies, encouraging elderly to get vaccinated.

Posted on 29/11/2022

Seminar on expanding business, investment opportunities held in Hong Kong

An interactive seminar on expanding investment opportunities between Bangladesh and Hong Kong organized by the Bangladesh Consulate in Hong Kong was held yesterday. Around sixty participants from the ...

Posted on 29/11/2022

Hong Kong Peg Creator Says Sky-High Rates Can Defend It

Hong Kong is willing to tolerate sky-high borrowing rates and near term economic pain to defend its currency peg with the dollar in the wake of renewed attacks by speculators.

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