Tag: banking

The coronavirus continues to drive trading sentiment globally and in the Asia-Pacific region. But investors are also watching tensions between the US and China, which analysts expect to persist as ... ( read original story ...)

JPMorgan Chase has taken on two well-known bitcoin exchanges, Coinbase and Gemini Trust, as banking customers, say people familiar with the matter, the first time the bank has accepted clients from ... ( read original story ...)

Some big names have agreed to the pledge organised by the Hong Kong Coalition, including China Resources and Sunwah Group. While at least 100,000 workers fall under the umbrella of the campaign, the ... ( read original story ...)

New Horizon Health Ltd., a Chinese maker of home test kits for colon cancer, has picked Goldman Sachs Group Inc. and UBS Group AG to arrange its planned initial public offering in Hong Kong, according ... ( read original story ...)

Hedge funds may have just weeks left to make good money from the long Hong Kong dollar carry trade.Local interest rates, which have remained stubbornly high relative to those in the U.S., will fall at ... ( read original story ...)

As the pandemic began rattling markets, there was no such thing as business as usual. That didn’t stop Ma Cunjun and his bankers. ( read original story ...)

Hong Kong stocks tracked Wall Street higher on Monday as more countries looked to restart their economies, though gains were capped by fears of a coronavirus resurgence in mainland China. ** At the ... ( read original story ...)

I n the busiest week for the IPO market since February, three upsized IPOs and three SPACs entered the public market. Kingsoft Cloud (KC) led the way, completing the largest IPO since GFL ... ( read original story ...)

Chair Liu said China hadn't met the US’s purchase demands under Phase One of the trade deal, a revelation that sets the stage for trade talks this week between Chinese Vice Premier Liu He and U.S. ( read original story ...)

Leading emerging countries have burned through $240 billion in foreign exchange reserves over the past two months, Bank of America said on Monday, as central banks look to prop up their currencies and ... ( read original story ...)

BOC Hong Kong (Holdings) Ltd. said its first-quarter net operating profit before impairment allowances rose 2.6%, mainly supported by growth in interest earnings. Net operating profit for the first ... ( read original story ...)

HSBC Holdings Plc, Goldman Sachs Group Inc. and Barclays Bank Plc allowed more employees to resume working from their offices in Hong Kong Monday as the city relaxes social-distancing curbs after ... ( read original story ...)

Hong Kong's Hang Seng Index jumped around 2% following the rise of the U.S. market last Friday. In Asia Pacific, Japan's Nikkei Index was up around 1.4% and Australia's ASX200 Index climbed around 1.7 ... ( read original story ...)

Hong Kong’s Hang Seng index surged over 1.82%, the Nikkei 225 jumped 1.6%, the Topix index gained 1.61%, South Korea’s Kospi also added 0.46%. ( read original story ...)