Chinese investors’ rush for offshore assets spurs Hong Kong wealth inflows
Wealthy Chinese investors are increasingly turning to Hong Kong investment products, such as insurance and high-yield time deposits, to safeguard…
Category: Asia
Exiled Chinese Businessman Miles Guo Faces Fraud Trial in New York
Miles Guo, a Chinese businessman living in exile, is set to go on trial in Manhattan for allegedly defrauding investors…
Foxconn Founder Terry Gou Resurfaces at Company’s Event
Terry Gou, the billionaire founder of Foxconn, made a high-profile appearance at the company’s 50th anniversary celebration, marking his first…
Japanese Stocks Stage Comeback
The Nikkei’s surge towards a record high symbolizes Japanese stocks’ resurgence in global portfolios, marking a significant turnaround after decades…
China Expands Security Partnership with Hungary Beyond Trade
In a recent meeting with Hungarian Prime Minister Viktor Orban, China extended its support to Hungary on public security matters,…
Super Micro Computer Inc Faces Varied Analyst Sentiment
Despite recent fluctuations, Super Micro Computer Inc (SMCI.O) confronts diverse analyst sentiments as reflected in the latest data from LSEG.…
Japan Pledges Bilateral Treaties with Ukrainian Prime Minister
In a diplomatic move, Japan welcomed Ukrainian Prime Minister Denys Shmyhal in Tokyo on Monday to discuss Ukraine’s reconstruction efforts…
European and Global Markets Overview- Wayne Cole
Despite high expectations, China’s market comeback post-holiday has been rather subdued, with stocks showing only modest gains thus far. While…
OpenAi Founding Member Leaves Microsoft
Andrej Karpathy, a prominent artificial intelligence researcher and founding member of OpenAI, announced his departure from the Microsoft-backed company on…
Meta to Detect AI Tech Across Facebook and Instagram
Meta, the parent company of Facebook, announces its intention to roll out technology capable of detecting and labeling images produced…
Delta Air Lines Ranks 11th on 50 Most Admired Companies List
Delta Air Lines has secured the 11th position on Fortune Magazine’s prestigious Top 50 Most Admired Companies list, making it…
Coinbase Clarifies: Disabled New User Sign-Ups in India, Still Committed to Market
Coinbase has clarified that it disabled new user sign-ups on its exchange platform in India back in June due to…
China’s Loans to Developing Nations Reached a 13-year Low in 2021.
According to a Boston University Global Development Policy Center research, Beijing’s reduction in funding for large-scale oil projects caused loans…
China’s Trade Suffers Worst Slump.
In November, China’s exports and imports declined at their fastest rate in at least two and a half years as…
China Appeals To Europe To Take Action Against Climate Change.
Chinese negotiator Xie Zhenhua stated to Germany’s special environmental representative that; there were currently “many problems and concerns” with regard…
China’s Top Airlines Post Steep Q2 Losses On COVID Curbs
China’s three biggest airlines posted a combined 28.4 billion yuan ($4.12 billion) second-quarter loss. Wider than in the first quarter,…
The Disappointing Economic Backdrop To China’s Policy Dilemma.
China’s central bank cut its interest rates on Monday for the second time this year, but analysts suspect it will…
EXCLUSIVE Indian Companies Swapping Dollar For Asian Currencies To Buy Russian Coal.
Indian companies are using Asian currencies more often to pay for Russian coal imports, according to customs documents; and industry…
Foreigners Cut China Debt, Dump Equities In July – IIF.
Foreign investors continued to cut holdings in Chinese bonds in July and dumped equities for the first time in four…
India’s Tata Capital Housing Finance To Issue Bonds – Traders.
India’s Tata Capital Housing Finance plans to raise funds through sale of a two-part bond issue, three merchant bankers said.…
China Leaders Say 5.5% GDP Growth Is Guidance, Not Hard Target.
Chinese leaders told the government that this year’s economic growth of about 5.5% is a guidance; and not a hard…
China Raises Hope For Emerging Market Debt.
China’s commitment to restructure the $6 billion it is owed by Zambia is a good sign for Sri Lanka and others that…
Rising Rates To Cushion Impact On Asia Banks From Slowing Economies.
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…
Remy Confident After China Sales Rebound In June.
Remy Cointreau (RCOP.PA) said it was confident over prospects for its current financial year. This was after first-quarter sales beat expectations and…
Asia Shares Increase As A Fed Rate Hike Approaches.
Asian shares pared losses as investor sentiment improved on China’s reported plans to tackle a debt crisis in real estate…
China Belt & Road Spending Dips In H1, With No Investment In Russia.
China’s finance and investment spending in Belt and Road countries fell in the first half compared to a year earlier.…
Bank Of Japan Board Reshuffle Brings In Less Dovish Member.
The Bank of Japan has reshuffled its board and brought in a new member seen as more keen to end…
Russia Central Bank Proposes Banning Small Investors From Buying Foreign Shares.
Russia’s central bank has proposed banning Russians with holdings worth less than $550,000 from buying foreign shares. As a step…
South Korea Unbothered About Capital Outflows, Finance Minister Says
Choo Kyung-ho, South Korea’s finance minister has shrugged off the short-term dangers of capital outflows from the Asian financial system…
Chinese Banks Hold Lending Rates as PBOC Remains Cautious
Chinese banks held their main lending rates steady in the absence of more easing from the central bank, which is…