Tag: finance

Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. BALANCE SHEET BLUES. Borrowers are rushing to ... ( read original story ...)

Global stocks and oil prices have sunk after the International Monetary Fund said the world economy will suffer its worst year since the Great Depression of the 1930s due to the coronavirus pandemic. ( read original story ...)

Many Chinese companies are still planning to list in the U.S., despite increased scrutiny on the issuers in the wake of disclosures of fraud at high-profile stocks such as Luckin Coffee. ( read original story ...)

The yuan eased on Wednesday after the Chinese central bank nudged its midpoint fixing to the weak side of analyst estimates and cut a medium-term funding rate to a record low as it ramped up efforts ... ( read original story ...)

The People’s Bank of China (PBOC) said it was lowering the one-year medium-term lending facility ... portfolio manager at Green Harmony Capital in Hong Kong. Some market participants believe the ... ( read original story ...)

China's central bank on Wednesday stepped up policy support for its embattled economy, cutting a key rate to a record-low and reducing the amount banks must hold as reserves by around $28 billion as ... ( read original story ...)

Japan’s Nikkei 225 Index was down by 0.46%, Hong Kong’s Hang Seng Index was up by 0.37% and ... for the UK economy before recovering to 4.0% in 2021. The People’s Bank of China (PBOC) on Wednesday ... ( read original story ...)

That might seem surprising. Shares of Industrial & Commercial Bank of China Ltd., and three fellow Chinese lenders that are members of Hong Kong’s benchmark Hang Seng Index, have languished over the ... ( read original story ...)

Cash machines are plentiful in Hong Kong – at airports, railway stations, banks, supermarkets and convenience stores and on the street. If you use your bank’s own machine, the transaction will be free ... ( read original story ...)

BOC Hong Kong (Holdings) Limited, an investment holding company, provides banking and related financial services to corporate and individual customers in Hong Kong, Mainland China, and internationally ... ( read original story ...)

Shares in Hong Kong rose to their highest level in more than three weeks on Monday, as countries globally reported fewer new coronavirus deaths, and after the Chinese central bank released $56 billion ... ( read original story ...)

DBS Hong Kong, a subsidiary of DBS Bank headquartered in Singapore, is transitioning to a new contact-free way for small- to medium-sized businesses (SMBs) to set up business accounts, according to a ... ( read original story ...)

Chinese companies are likely to turn to Hong Kong or Shanghai for capital, after two accounting scandals in a week burned investors and triggered a crisis of confidence in their US-listed peers.At lea ... ( read original story ...)

Citigroup Inc. has been picked for a top role on WeDoctor’s Hong Kong initial public offering, replacing Credit Suisse Group AG, according to people with knowledge of the matter. ( read original story ...)