Tag: ipo

The Bank of England also revealed a bleak outlook for the country in its May Monetary Policy report, its first since the outbreak. It expects the economy to contract by 25% and the unemployment rate ... ( read original story ...)

Hong Kong Exchanges & Clearing Ltd. Chief Executive Officer Charles Li said he’s stepping down after 10 years, adding his departure to the rising challenges for the bourse at a turbulent time for the ... ( read original story ...)

The Manulife group of companies operating in Hong Kong ("Manulife Hong Kong") today announced solid growth for the first quarter of 2020. ( read original story ...)

Trump to report on China’s fulfillment of trade deal BEIJING/SHANGHAI, May 7 (Reuters) - Hong Kong shares ended lower on Thursday, as sentiment was weighed by a bleak outlook for global trade after ... ( read original story ...)

Hong Kong Exchanges & Clearing Ltd. reported a 13% fall in its first-quarter net profit, as pandemic-triggered turmoil in the financial markets led to ... ( read original story ...)

The Hong Kong stock market has moved higher in back-to-back sessions, advancing more than 520 points or 2.2 percent along the way. The Hang Seng Index now sits just beneath the 24,140-point plateau ... ( read original story ...)

China's Hong Kong office on Wednesday called the pro-democracy protests that have permeated throughout the semi-autonomous region since 2019 a “political virus," saying there will never ... ( read original story ...)

Hong Kong suffered its deepest economic contraction on record in the first quarter. The RBA on Tuesday held its benchmark rates at a record low of 0.25%, but also said the economy would suffer its ... ( read original story ...)

The Wall Street giant turned overweight on the region’s shares from neutral two weeks ago, even as it expects earnings for companies excluding Japan to fall 40% this year. Asia presents an ... ( read original story ...)

Hong Kong shares ended higher on Wednesday, as investors saw China's yuan fixing offering some relief, amid a resurgence in Sino-U.S. trade tensions. ( read original story ...)

Hong Kong’s retailers will need to get creative to survive the deepening recession that’s enveloped the city as tourists from the mainland who fueled past rebounds are unlikely to come to the rescue ... ( read original story ...)

Hong Kong shares closed higher on Tuesday after the Asian financial hub scaled back social distancing measures put in place to curb the spread of the pandemic, and as economies elsewhere also showed ... ( read original story ...)

From this sale, Kingsoft Cloud expects to generate net proceeds of between $392 million and $451 million. The company would then have a market value of between $3.6 billion and $3.8 billion. Kingsoft ... ( read original story ...)

The coronavirus pandemic continues to deter consumer spending in Hong Kong, with travel restrictions halting tourist trade and government orders keeping residents away from stores amid fears of ... ( read original story ...)