Real Time Financial News Website
Wealthy Chinese investors are increasingly turning to Hong Kong investment products, such as insurance and high-yield time deposits, to safeguard their returns from the downturn in China’s economic and property…
Miles Guo, a Chinese businessman living in exile, is set to go on trial in Manhattan for allegedly defrauding investors and customers out of more than $1 billion. Prosecutors claim…
Terry Gou, the billionaire founder of Foxconn, made a high-profile appearance at the company’s 50th anniversary celebration, marking his first public appearance in months since ending his bid for Taiwan’s…
The Nikkei’s surge towards a record high symbolizes Japanese stocks’ resurgence in global portfolios, marking a significant turnaround after decades of stagnation. With the Nikkei up 50% in just over…
In a recent meeting with Hungarian Prime Minister Viktor Orban, China extended its support to Hungary on public security matters, surpassing their traditional trade and investment ties. This move comes…
Despite recent fluctuations, Super Micro Computer Inc (SMCI.O) confronts diverse analyst sentiments as reflected in the latest data from LSEG. The median price target for the stock stands at $635.29,…
In a diplomatic move, Japan welcomed Ukrainian Prime Minister Denys Shmyhal in Tokyo on Monday to discuss Ukraine’s reconstruction efforts amidst the ongoing conflict. Prime Minister Fumio Kishida affirmed Japan’s…
Despite high expectations, China’s market comeback post-holiday has been rather subdued, with stocks showing only modest gains thus far. While tourism revenues surged by 47% during the Lunar New Year…
Andrej Karpathy, a prominent artificial intelligence researcher and founding member of OpenAI, announced his departure from the Microsoft-backed company on Monday, according to a post on the social media platform…
Meta, the parent company of Facebook, announces its intention to roll out technology capable of detecting and labeling images produced by other companies’ artificial intelligence (AI) tools. This new feature…
Delta Air Lines has secured the 11th position on Fortune Magazine’s prestigious Top 50 Most Admired Companies list, making it the most admired company in the airline segment of the…
Coinbase has clarified that it disabled new user sign-ups on its exchange platform in India back in June due to updated standards. This decision was misrepresented in recent reports. While…
According to a Boston University Global Development Policy Center research, Beijing’s reduction in funding for large-scale oil projects caused loans made by China’s two main trade policy banks to reach…
In November, China’s exports and imports declined at their fastest rate in at least two and a half years as the country’s second-largest economy was put under strain by weak…
Chinese negotiator Xie Zhenhua stated to Germany’s special environmental representative that; there were currently “many problems and concerns” with regard to global climate governance. China’s foreign ministry stated that its…
China’s three biggest airlines posted a combined 28.4 billion yuan ($4.12 billion) second-quarter loss. Wider than in the first quarter, due to major travel disruptions including a strict COVID-related lockdown…
China’s central bank cut its interest rates on Monday for the second time this year, but analysts suspect it will do little to spur lending in an economy awash with…
Indian companies are using Asian currencies more often to pay for Russian coal imports, according to customs documents; and industry sources, avoiding the U.S. dollar and cutting the risk of…
Foreign investors continued to cut holdings in Chinese bonds in July and dumped equities for the first time in four months, according to a report by the Institute of International…
India’s Tata Capital Housing Finance plans to raise funds through sale of a two-part bond issue, three merchant bankers said. The housing finance company plans to raise at least 500…
Chinese leaders told the government that this year’s economic growth of about 5.5% is a guidance; and not a hard target in a meeting. At the meeting, the top leaders…
China’s commitment to restructure the $6 billion it is owed by Zambia is a good sign for Sri Lanka and others that have borrowed heavily from Beijing. In April, the…
Asia-focused lenders HSBC (HSBA.L), Standard Chartered (STAN.L) and their Southeast Asian peers such as DBS (DBSM.SI); are set to report an improvement in second-quarter net interest income, a key source…
Remy Cointreau (RCOP.PA) said it was confident over prospects for its current financial year. This was after first-quarter sales beat expectations and cognac sales strongly recovered in the key Chinese…
Asian shares pared losses as investor sentiment improved on China’s reported plans to tackle a debt crisis in real estate development. MSCI’s broadest gauge of Asia stocks outside Japan (.MIAPJ0000PUS)…
China’s finance and investment spending in Belt and Road countries fell in the first half compared to a year earlier. Saudi Arabia was the biggest recipient of Chinese investments over…
The Bank of Japan has reshuffled its board and brought in a new member seen as more keen to end ultra-low interest rates; than his dovish predecessor, potentially tilting the…
Russia’s central bank has proposed banning Russians with holdings worth less than $550,000 from buying foreign shares. As a step to protect investors after Western sanctions left them with billions…
Choo Kyung-ho, South Korea’s finance minister has shrugged off the short-term dangers of capital outflows from the Asian financial system as gaps in world charges widen. At the Group of…
Chinese banks held their main lending rates steady in the absence of more easing from the central bank, which is trying to strike a balance between preventing faster inflation and…