HSBC Holdings PLC on Tuesday warned of more earnings pain ahead after first-quarter profit nearly halved as it set aside a hefty $3 billion in bad loan provisions due to the coronavirus pandemic. ( read original story ...)
Hong Kong’s January-March unemployment rises to 4.2%, highest in more than nine years
Hong Kong's seasonally adjusted unemployment rate rose to 4.2% in the January to March period, the highest in more than nine years, as the coronavirus restricted activity in an economy already in ... ( read original story ...)
Hong Kong Preparing to Re-Open Public Facilities, Leader Says
Hong Kong government employees will start returning to work May 4 and the city is preparing to reopen public facilities that have been closed during the coronavirus pandemic, leader Carrie Lam said. ( read original story ...)
Top AI startup SenseTime inks deal with China’s digital currency research institute
SenseTime, the world’s most-valued artificial intelligence (AI) startup with over $7.5 billion valuation, has signed a cooperation agreement with China’s Digital Currency Research Institute.The post T ... ( read original story ...)
Hong Kong’s civil servants will gradually return to work starting May 4
"My guess is that about one week out, perhaps around May 1, shortages will begin developing at retail meat counters," said Dennis Smith, a commodity broker/livestock analyst with Archer Financial ... ( read original story ...)
Does Keck Seng Investments (Hong Kong) Limited (HKG:184) Create Value For Shareholders?
Renowned investment researcher Michael Mauboussin has suggested that a high ROCE can indicate that 'one dollar invested in the company generates value of more than one dollar'. Analysts use this ... ( read original story ...)
Hong Kong prepares to reopen: Carrie Lam
Government employees will start returning to offices on May 4 and the city is preparing to open facilities including museums and libraries. ( read original story ...)
China stocks waver as earnings loom; start-ups surge on IPO reform
China stocks on Tuesday flitted in and out of negative territory but turned positive as the start-up index gained on fresh regulatory reform, while investors awaited big banks to release their ... ( read original story ...)
Facing ‘recession’ in post-pandemic era
You'll see a new scenario of geo-economics in the post-pandemic era." However, Chen stressed he's not fully pessimistic. He prefers to use the word "reglobalization" rather than "deglobalization" to ... ( read original story ...)
Consider This Before Buying Hong Kong Ferry (Holdings) Company Limited (HKG:50) For The 5.7% Dividend
Is Hong Kong Ferry (Holdings) Company Limited (HKG:50) a good dividend stock? How can we tell? Dividend paying companies with growing earnings can be highly rewarding in the long term. If you are ... ( read original story ...)
Hong Kong civil servants to return to work as lockdown eases
Hong Kong leader Carrie Lam said on Tuesday most civil servants will gradually return to work from May 4, although the government had not yet decided whether to ease travel and social distancing ... ( read original story ...)
Mongolia Scraps Coal Miner’s $1 Billion Overseas IPO Plan
(Bloomberg) -- Mongolia has shelved near-term initial public offering plans for state-owned coal miner Erdenes Tavan Tolgoi JSC as the Covid-19 pandemic roils financial markets.The country’s cabinet ... ( read original story ...)
Oriente raises $50 million to continue building its infrastructure for digital financial services
Oriente, a Hong Kong-based startup that develops tech infrastructure for digital credit and other online financial services, has raised $50 million for its ongoing Series B round. Launched in 2017 by ... ( read original story ...)
Hong Kong’s central bank sells HK$10.67 bln in New York hours after HKD rises to trading limit
The Hong Kong Monetary Authority (HKMA) sold HK$10.672 billion ($1.38 billion) worth of Hong Kong dollars in New York trading hours after the local currency hit the strong end of its trading band. ( read original story ...)