Asia-Pacific stocks were mixed in Tuesday trade, with shares in Hong Kong leading losses regionally as the Hang Seng index fell nearly 2%. The People's Bank of China announced Monday it will increase ... ( read original story ...)
Markets Wait For PBOC, Internet Stocks Play Catch Up
There was a strong storm in NYC last night. The wind howled like a hurricane, waking me up several times. My patchy sleep was similar to Asian markets, which were mixed overnight. ( read original story ...)
Hong Kong’s Hang Seng falls 2.3%, while Tokyo’s Nikkei & Seoul’s Kospi rise to 1%
The Shanghai Composite index lost less than 0.1 percent to 3,194.03, while most other regional markets advanced. Tokyo’s Nikkei 225 index rose 0.7 percent to 26,985.09 and the Kospi in Seoul added 1 ... ( read original story ...)
Covid-19 spurs Hong Kong’s rush to dump notes and coins as Faster Payment System tops 10 million registrations in city’s embrace of digital banking
Faster Payment System (FPS) reached 10.1 million registrations in March The pandemic has accelerated digitisation, CEO of virtual bank Livi says Registrations for a digital payments system developed ... ( read original story ...)
BOC Aviation promotes company veteran
Singapore-based, Hong Kong-listed BOC Aviation has appointed Chan Mui Sin as head of treasury, replacing Peter Davis, who will remain with the company until his retirement on 31 May to ensure a smooth ... ( read original story ...)
Singaporean man, 73, charged for allegedly robbing Hong Kong bank with toy gun
SINGAPORE: A 73-year-old Singaporean man was charged in Hong Kong on Saturday (Apr 16) for allegedly robbing a bank in Kowloon, escaping with HK$14,000 (S$2,400) in cash. According to Hong Kong police ... ( read original story ...)
Hong Kong stocks hit one-week low as PBOC tempers easing bets, China Merchants Bank sinks
Stocks slide as trading resumes after a two-day holiday. Bad news comes in the form of weak easing signals from the People’s Bank of China and a slump in China Merchants Bank. ( read original story ...)
Asian stocks in defensive mood on China and rate worries
Asian shares traded cautiously on Tuesday, with investors weighing China's measures to cushion an economic slowdown and the prospect of aggressive Federal Reserve monetary policy tightening. ( read original story ...)
China Merchants Bank sinks by most in 11 years as damage to shareholders snowballs to US$34 billion in two days
Losses snowball over two days as shareholders remain in the dark on board decision to remove Tian Huiyu as president. ( read original story ...)
Hang Seng Expected To Return To The Downside On Tuesday
The Hang Seng now rests just shy of the 21,520-point plateau although investors figure to cash in on Tuesday. The global forecast for the Asian markets is mixed and flat to lower ahead of the start of ... ( read original story ...)
Hong Kong stocks tumble to three-week low as PBOC dents easing bets, China Merchants Bank sinks on executive removal
China's central bank issues guidelines on its approach to support the Covid-hit economy, avoids any mention of reserve requirement ratio China Merchants Bank shares sink in Hong Kong after the ... The ... ( read original story ...)
BOC Aviation names new head of treasury
BOC Aviation has announced the appointment of Chan Mui Sin as Head of Treasury, with effect from 18 April 2022. ( read original story ...)
HSBC: The Cheapest Bank For Big Gains
HSBC is poised to benefit from the rising interest rate environment across the globe. Read more to find out why we rate HSBC a buy at its current price. ( read original story ...)
Elderly S’porean Allegedly Robs HK Bank With Toy Gun, Gets Arrested After 7-Hour Manhunt
An elderly Singaporean man allegedly robbed a bank in Hong Kong with a toy gun and was arrested after a 7-hour manhunt. ( read original story ...)