Tag: finance

Hong Kong's recession deepened in the first quarter as the coronavirus pandemic dealt a heavy blow to business activity, already in decline following months of often violent anti-government protest ... ( read original story ...)

The economy is crashing like never before, yet Hong Kong’s interest rates are expected to stay relatively elevated. That’s bad news for pretty much everyone apart from those betting on prolonged ... ( read original story ...)

Stocks in Australia were set to trade higher at the open on Tuesday, with major markets in Asia closed for holidays. ( read original story ...)

KC has produced strong revenue growth but no significant gross profit and continues to generate large operating losses and operational cash burn. ( read original story ...)

Hong Kong's Exchange Fund suffered losses of HK$86.1 billion ($11.11 billion) in the first quarter of 2020, central bank Hong Kong Monetary Authority told local lawmakers in a regular briefing on ... ( read original story ...)

Kingsoft Cloud Holdings aims to raise $425 million in a U.S. IPO. The company provides a range of software and services to assist Asia-based enterprises in tran ... ( read original story ...)

HSBC Holdings PLC said on Monday its insurance unit had agreed to acquire its China life insurance venture partner's 50% stake to own fully the company under the new rules on foreign ownership that ... ( read original story ...)

Hong Kong's recession deepened in the first quarter as the coronavirus pandemic dealt a heavy blow to business activity, already in decline following months of often violent anti-government protest ... ( read original story ...)

Chinese bottled water manufacturer Nongfu Spring is pressing ahead with its Hong Kong initial public offering (IPO) worth up to $1 billion, as the city's capital markets show signs of reviving ... ( read original story ...)

Citigroup Inc has named veteran banker Kaleem Rizvi as its Asia Pacific head of the corporate banking business, according to an internal memo reviewed by Reuters on Monday. ( read original story ...)

Hong Kong's Exchange Fund suffered losses of HK$86.1 billion ($11.11 billion) in the first quarter of 2020, central bank Hong Kong Monetary Authority told local lawmakers in a regular briefing on ... ( read original story ...)

Tensions are rising between Washington and Beijing, as U.S. President Donald Trump said Sunday that he believed that a "mistake" in China was the cause of the spreading coronavirus pandemic. ( read original story ...)

Hong Kong Financial Secretary Paul Chan warned the city could be hit by its worst economic slump on record even as authorities prepare to ease some lockdown measures amid signs the coronavirus ... ( read original story ...)

Hong Kong police deployed pepper spray to disperse protesters congregated at a shopping mall Friday, as tensions in the city mount following a lull during the coronavirus outbreak. ( read original story ...)