Tag Archives: hong kong

Principle or pragmatism? Big brands are leaving Russia

This article is an on-site version of our The Road to Recovery newsletter. register here to receive the newsletter directly in your inbox three times a week Good evening, McDonald’s, Coca-Cola, PepsiCo, Starbucks, Unilever: The list of mainstream brands leaving Russia has accelerated in recent days, joining what a Yale …

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Sanctions against Russia highlight the dollar’s exorbitant privilege

Sanctions imposed by the United States and the European Union on Russian banks have made Russian business entities a global pariah, much like North Korea. Importers, exporters and banks in many countries are stuck with receivables, payables and exposures and there is a small fear of large defaults. But in …

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Serbia, Government of — Moody’s Update on UK Sovereign Calendar Issuers

Announcement: Moody’s Update on UK Sovereign Rating Calendar IssuersGlobal Credit Research – March 04, 2022New York, March 04, 2022 — Moody’s Investors Service is issuing this update regarding UK sovereign rating calendar activity scheduled for March 04 2022 to provide further clarification on UK sovereign rating activity. This update is …

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Zipmex Partners with Polygon Studios and Celebrates the Launch of the NFT Platform with the First Metaverse Concert in Thailand

SINGAPORE, March 4, 2022 /PRNewswire/ — South East Asia leading digital asset platform Zipmex today announced a strategic partnership with Polygon studiosthe famous NFT and gaming branch of the Polygon blockchain, to expand its ecosystem by launching the NFT platform Zixel by Zipmex. Tens of thousands of people from around …

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Chinese stocks fall amid geopolitical tensions; focus on the parliamentary meeting

SHANGHAI, March 4 (Reuters) – Chinese stocks fell on Friday amid geopolitical tensions and concerns over the property market, with investors nervously watching for hints of an easing of measures at the next congressional meeting. The CSI300 index (.CSI300) fell 0.9% to 4,509.53 at the end of the morning session, …

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The week that was — February 14-19

Traders continue to stay busy as the flurry of news from the private markets shows. Let’s dive into the big stories of the past week. The Bargain corner One of our scoops this week featured Indonesian digital payments platform Xendit, which is finalizing a new funding round worth over $200 …

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Sensex, Nifty end a bit lower; Cement UltraTech, M&M, Infy, RIL weight

India’s stock market continued its lackluster trading for the third straight session as it struggled for firm direction amid the absence of any major developments on the domestic or global front. Additionally, mixed signals from global peers also weighed on the market, with lingering concerns over Ukraine-Russia tensions and fears …

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Asian stocks mixed, US futures plunge as traders weigh Fed minutes, geopolitical concerns; Oil Slumps: Market Recap

Japan’s Topix index fell 0.6%, South Korea’s Kospi index rose 1.2% and Hong Kong’s Hang Seng index rose 0.2%. While S&P 500 and Nasdaq 100 futures fell 0.2%. U.S. stock futures fell and Asian stocks were mixed on Thursday as traders weighed geopolitical concerns and the likely trajectory of Federal …

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Lower hospitalizations in the United States; Austrian Experience: Virus Update

(Bloomberg) – U.S. hospital admissions for Covid-19 are falling in 34 states and the nation’s capital, easing healthcare staffing crises that were widespread at the start of the year. Bloomberg’s Most Read New studies are emerging that suggest the latest version of omicron spreads even faster than the original, and …

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China 2008 vs 2022: richer, stronger, more conflicted | Business and finance

BEIJING (AP) — China has seen historic changes since it last hosted the Olympics in 2008: It is wealthier, more heavily armed and openly confrontational. As President Xi Jinping’s government prepares for the Winter Olympics in February, it has more leverage to exert influence overseas and resist complaints from the …

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US stocks reverse heavy losses as buyers step in

Shares on Wall Street ended higher on Monday after investors took advantage of a sharp decline early in the session to snap up discounted stocks. The S&P 500 index stock gained 0.3%, reversing a midday decline of up to 4%. At its lows, the blue-chip U.S. benchmark was more than …

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FirstFT: Blinken warns of ‘Russian playbook’ to destabilize Kyiv

Hello. This article is an on-site version of our FirstFT newsletter. Subscribe to our Asia, Europe/Africa Where Americas edition to send it straight to your inbox every morning of the week The United States said Moscow’s efforts to destabilize Ukraine were “part of the Russian playbook” after the United Kingdom …

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China’s wild markets raise the stakes for traders buying into the rally

(Bloomberg) — The battle between fear and greed is wreaking havoc on Chinese financial markets. Bloomberg’s Most Read With China bulls finally getting some vindication as the country’s stocks and bonds rally, the past week shows that investors need to be prepared for wild swings. Take Country Garden Holdings Co., …

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Asian stocks mixed after China reports slower growth

BANGKOK (AP) — Stocks were mixed in Asia on Monday after China reported its economy grew at an annual rate of 8.1% in 2021, though growth slowed to half that level in the last quarter. . Tokyo, Shanghai and Sydney rose, while Hong Kong and Seoul fell. The weakness of …

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Investors seek safe havens as Omicron expands into Asia

(Bloomberg) – The threat of the omicron variant is becoming real for many of Asia’s biggest countries, just as it looks set to ease in some Western countries, making it harder for investors to find winning bets on actions in the region. Bloomberg’s Most Read The problem is that Asian …

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Global Financial Crash: China’s ‘Pearl In The Crown’ Latest To Undergo Economic Crisis | City & Business | Finance

As uncertainty mounts over the future of China’s real estate market, a bank now appears to be caught up in the crisis. Founded in 1996, shares of China Minsheng Banking Corp have now fallen due to its loans to debt-ridden companies such as China Evergrande. Over the past year, the …

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HUTCHMED Launches Phase I Study of BTK Inhibitor HMPL-760 in Previously Treated Non-Hodgkin B-Cell Lymphoma Patients in China

– HMPL-760 is the eleventh innovative oncology drug candidate discovered internally by HUTCHMED – – HMPL-760 is HUTCHMED’s fifth candidate in clinical development for hematologic malignancies, including amdizalisib and HMPL-523 which also target the B cell receptor (“BCR”) signaling pathway, as well as tazemetostat and HMPL-306 – HONG KONG and …

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Chinese developer Shimao defaults on fiat loan

SHANGHAI / HONG KONG (Reuters) – Chinese developer Shimao Group defaulted on a loan after missing a payment of 645 million yuan ($ 101 million), the lender said in a letter seen by Reuters on Thursday in the last sign of distress in China’s property sector. China Credit Trust Co …

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Sensex and Nifty extend their earnings through heavyweights in banking and finance; CMS Info Systems lists pop at Rs 218.25

Sensex and Nifty extend their earnings through heavyweights in banking and finance; CMS Info Systems lists at Rs 218.25 a pop | Photo credit: iStock images India’s benchmark stock indexes extended their gains after starting the last day of the year on a positive note, supported by gains in heavy …

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Global Environmental Consulting Services Market Report 2022

Leading companies in the environmental consulting services market include Jacobs Engineering Group Inc., Tetra Tech Inc., Arcadis NV, Sweco AB, Stantec Inc., John Wood Group PLC, Suez Environnement SA, Environmental Resources Management, WSP Global Inc. New York, December 30, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report …

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LG Energy, India’s LIC tops Asia’s major IPOs to watch next year

(Bloomberg) – The giant ad queue in Asia next year includes the world’s second-largest battery maker in Seoul and an insurer with more than 1.2 million agents and 100,000 employees in Mumbai. Chinese issuers’ mega-operations in Hong Kong, meanwhile, may take some time to resume. Bloomberg’s Most Read India and …

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Asia IPOs face headwinds after record year of fundraising

(Bloomberg) – After a record year of stock quotes, Asian companies may struggle to repeat success in 2022 given the prospect of rising interest rates and China’s tightening grip on big technologies. Bloomberg’s Most Read Thanks to a meteoric first half in the midst of a global boom, initial public …

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Nicox Announces First Patient Screened In China In Ongoing NCX 470 Denali Phase 3 Glaucoma Trial

December 16, 2021 – release at 7:30 am CET Sophia Antipolis, France Nicox SA (Euronext Paris: FR0013018124, COX), an international ophthalmology company, today announced that the first patient has been screened in China as part of the ongoing Denali Phase 3 clinical trial, paving the way for submissions new drugs …

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China courts global capital on its own terms

December 11, 2021 ESINCE At the start of the trade war between America and China, investors, politicians and businesses tried to gauge how well and how quickly the world’s two largest economies will decoupling. The finance model is clarified with the announcement that Didi Global, a Chinese ridesharing company, is …

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Global stocks are mixed as China prepares to boost markets

BANGKOK (AP) – European stocks and US futures rose on Monday after a lackluster day in Asia, where stocks fell in Hong Kong and Shanghai after struggling Chinese real estate developer Evergrande warned it could running out of money. Take action to reassure investors and avoid blocking growth, The central …

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Ascletis announces the inclusion in the new catalog of the Chinese national list of reimbursed drugs (NRDL) of the ASCLEVIR® / GANOVO® regimen, an all-oral direct anti-HCV therapy

HANGZHOU, China and SHAOXING, China, December 3, 2021 / PRNewswire / – Ascletis Pharma Inc. (HKEX: 1672) today announced that its all-oral direct anti-hepatitis C virus (HCV) ASCLEVIR® (Ravidasvir) / GANOVO® (Danoprevir) has been included in the Catalog of medicines for basic national health insurance, occupational accident insurance and maternity …

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Asian stocks climb but Omicron worries leave markets nervous

By Alun John HONG KONG (Reuters) – Asian stocks edged up in choppy trading on Thursday, helped by advances in Chinese real estate stocks, although fears over the Omicron variant of the novel coronavirus have capped gains regionally. Remarks by Fed Chairman Jerome Powell also weighed on stock markets, reiterating …

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Omicron could impact APAC’s economic recovery: Moody’s Analytics

New Delhi: Low vaccination rates against Covid-19 disease in Asia-Pacific countries, including India, could add to the existing risk to the economic recovery, according to a new analysis from Moody’s Analytics. Countries like India, Myanmar, Laos, Indonesia, Hong Kong, Thailand, the Philippines and Vietnam have so far vaccinated less than …

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Alibaba faces new crocodiles in the Yangtze

This article is an on-site version of our #techFT newsletter. Register now here to receive the complete newsletter directly to your inbox every day of the week “EBay is a shark in the ocean, but I am a crocodile in the Yangtze River. If we fight in the ocean we …

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Decoupling is the last thing on the minds of business leaders

November 27, 2021 IF YOU WANT To understand how Asia’s view of the world order has changed, consider the remarks of Lee Hsien Loong, Prime Minister of Singapore. When asked recently if China is on the rise and the United States is on the decline, he responded in a nuanced …

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Asean News Headlines at 10 p.m. on Saturday (November 27)

Malaysia: Covid-19 watch: 5,097 new cases bring the total to 2,619,577 Covid-19: most of 5,097 new cases are asymptomatic, have mild symptoms, according to DG Health Covid-19: Ministry of Health is closely monitoring WHO and other countries on Omicron variant, according to Khairy Johor MB hopes the number of people …

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APAC Self Storage Market 2021

DUBLIN, November 26, 2021 / PRNewswire / – The report “Asia-Pacific Self Storage Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” has been added to ResearchAndMarkets.com offer. Research and Markets logo The Asia-Pacific self-storage market is expected to register a CAGR of 13.12% during the forecast period …

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EHang to Release Third Quarter 2021 Unaudited Financial Results on Thursday, December 2, 2021

GUANGZHOU, China, November 26, 2021 (GLOBE NEWSWIRE) – EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the global leader in autonomous aerial vehicle (“AAV”) technology platforms, today Hui announced that it will release its unaudited financial results for the third quarter ended September 30, 2021 on Thursday, December 2, …

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Vietnam has produced a new class of billionaire entrepreneurs

TIT ECONOMICAL Vietnam’s development now has a permanent monument in one of the world’s most prestigious learning locations. After a $ 207 million investment announced earlier this month by Sovico, a Vietnamese holding company, Oxford University’s Linacre College (for graduate students) is set to be renamed in honor of Nguyen …

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Here’s how Alarice founder Ashley Dudarenok is helping international businesses unlock China, the world’s largest electronics market

VANCOUVER, BC / ACCESSWIRE / November 24, 2021 / The pandemic has accelerated the digitization of people’s lives. According to a recent UNCTAD report, by 2022, global internet traffic is expected to exceed all previous internet traffic combined through 2016. About 80% of this traffic is associated with video sharing …

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Land Tax Concerns for Chinese Homeowners and Buyers Amid Xi Jinping’s Common Prosperity Campaign

“We must actively and steadily push forward land tax legislation and reform, and carry out the pilot projects well,” President Xi Jinping said in August when he explained his vision of leading the Chinese people to the so-called common prosperity, with the property tax being one of the main objectives. …

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Stable stocks, rise in US futures; Cash slip: contract envelope

(Bloomberg) – Asian stocks were flat and US futures rose as traders weighed in on European Covid brakes and the risk of a faster Federal Reserve cut. The Treasury yield curve was almost the flattest since the start of the pandemic. Bloomberg’s Most Read Shares fell in Japan on Monday …

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Latest updates: Ryanair to drop London list citing costs after Brexit

Hong Kong’s shares in Alibaba fell 10% on Friday, a day after the Chinese e-commerce giant forecast annual revenue to grow at its slowest pace since its stock market debut in 2014. The group’s shares listed in New York fell more than 11% on Thursday. Alibaba’s second quarter results fell …

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Antengene obtains IND approval in China for phase Ib study of ATG-008 (Onatasertib) in combination with ATG-010 (Selinexor) in patients with diffuse large B-cell lymphoma

SHANGHAI and HONG KONG, November 2, 2021 / PRNewswire / – Antengene Corporation Limited (“Antengene”, SEHK: 6996.HK), a leading innovative biopharmaceutical company dedicated to the discovery, development and commercialization of world-leading and / or world-leading therapeutics Order in Hematology and Oncology, today announced that from China The National Medical Products …

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INTERVIEW: Using “Taiwan” in CPTPP, says former minister

Nation must break with archaic naming conventions and use “Taiwan” in the Comprehensive and Progressive Agreement on Trans-Pacific Partnership (CPTPP), said former finance minister and the country’s first ambassador to the WTO Yen Ching -chang. ‘Liberty Times’ (sister newspaper of the ‘Taipei Times’). He spoke about the history of Taiwan’s …

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What CBDCs mean for the future of DeFi and Stablecoins

Over the past year, the narrative surrounding central bank digital currencies (CBDCs) has advanced significantly. From an almost entirely conceptual discussion, CBDCs are now in various stages of research and development to determine how they might work in practice. The Chinese digital yuan is currently leading the pack. After several …

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Global Fetal Surveillance Industry to 2026

DUBLIN, October 11, 2021 / PRNewswire / – The report “Fetal Surveillance Market Research Report By Portability, By Application, By End User, By Product, By Region – Global Forecast To 2026 – Cumulative Impact Of COVID-19” has been added to ResearchAndMarkets.com offer. Research and Markets logo The global fetal surveillance …

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The Stakes Rise For Singapore’s Big Crypto Bet

Banned by China, facing a crackdown in South Korea and further restrictions in Hong Kong, the cryptocurrency industry has taken hold of Singapore as an unlikely Asian alternative. The country of 5.5 million people has long relied on financial services to fuel its $ 344 billion economy, and it is …

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How Dickensian is China?

October 2, 2021 WIT IS HIS fast trains, super apps, digital payments and techno-surveillance, China may appear to be a vision of the future. But for some academics, like Yuen Yuen Ang of the University of Michigan, it is also reminiscent of the past. Its accumulation of wealth and elaborate …

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HKEX launches new market access platform for securities trading

“The launch of OCG-C underscores HKEX’s commitment to leveraging the latest technologies to create reliable, resilient and efficient platforms and processes. Hong Kong Exchanges and Clearing Limited (HKEX) launched Orion Central Gateway – Securities Market (OCG-C), offering improved performance and reduced latency, compared to the platform provided by the vendor …

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Dr Plant’s international influence has reached a new level

Tokyo, Japan – (Newsfile Corp. – Sep 25, 2021) – Recently, Dr Plant walked into the flagship store of COSME, the largest cosmetics specialty store in Tokyo, Japan, where “Chinese Alpine Plants” again attracted great attention. With the continuous development of the Chinese economy, more and more brands are embarking …

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Huawei CFO Meng Wanzhou leaves Canada for China

(Bloomberg) – Almost three years after her arrest at a Vancouver airport, Huawei Technologies Co. financial director Meng Wanzhou left Canada on a flight to China on Friday afternoon, according to a person familiar with the matter. Bloomberg’s Most Read Meng, who had struck a deal to end the U.S. …

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South Korea’s role as a middle power

Lost in the whirlwind of media coverage on Afghanistan last month, brilliant news featuring Afghan families, including dozens of children holding pink or white teddy bears, has rolled out of the international airport in Incheon in South Korea on August 26. They were among 391 Afghans flown from Kabul by …

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Latham & Watkins Expands Structured Finance Practice to Chicago

“Matt is a highly regarded structured finance lawyer, both in the Chicago market and nationwide, and we are delighted to welcome him to the company, ”said Cathy Birkeland, Managing Partner of the Chicago office. “by Latham Chicago office provides the full spectrum of transactional capabilities on complex domestic and cross-border …

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Raffles Financial to acquire Alto Vencap | Taiwan News

SINGAPORE – Newsfile Corp. – September 17, 2021 – Raffles Financial Group Limited (CSE: RICHE) (FSE: 4VO) (OTCQX: RAFFF) (“RFG“or the”Society“) entered into a definitive share purchase agreement on September 15, 2021 (the”Share purchase contract“) to acquire all of the outstanding share capital of Alto Vencap Pte. Ltd. (“A V“), …

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Fed policy and Evergrande debt weigh on sentiment

Recap: European and emerging markets were mixed on Friday as investors and global traders assessed the prospect of a reduction in US Federal Reserve stimulus and the risks of a likely default from the Chinese real estate developer riddled with Evergrande debts. The SET index traded in a narrow range …

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Beijing Stock Exchange could be an alternative to SPAC listings by innovative Chinese tech companies, trade group says

A new stock exchange slated for Beijing could be a potential alternative for emerging Chinese tech companies that may consider going public through Special Purpose Acquisition Companies (SPACs), especially as China is monitoring listings more closely. overseas in the sector, according to an influential trade group and market watchers. Unveiled …

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Fitch Downgrades China Evergrande, Sees “Likely” Default

By Andrew Galbraith (Reuters) -Fitch Ratings lowered the ratings of China Evergrande Group and two of its subsidiaries on Wednesday, the latest in a series of downgrades targeting the real estate company amid concerns over its ability to restructure its massive debts. Regulators have warned that Evergrande’s liabilities of 1.97 …

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Chinese credit beats Asian peers as Huarong worries fade

(Bloomberg) – Despite China’s regulatory crackdown on private companies and the China Evergrande group’s worsening woes, the nation was the place to go in Asia for corporate bond yields in August, and the optimism could persist. That’s because one of the worries hanging over the nation’s bond investors eased after …

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PrimeRevenue and IFS Capital Announce Strategic Partnership to Provide Supply Chain Finance Solutions in Southeast Asia

ATLANTA, August 24, 2021 / PRNewswire / – PrimeRevenue, Inc., the leading provider of technology-based working capital solutions, and IFS Capital Limited (“IFS Capital”) announce a new strategic partnership designed to meet the trade finance needs of large and medium-sized enterprises in the South East Asia. Supply chain finance is …

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Whelan and deal atop the ANZ bank ranks

Former ANZ chief Mike Smith’s greatest legacy has been his aggressive push into Asia. Hired by HSBC in 2007, Smith wanted to expand ANZ’s global presence and commissioned Whelan to develop the institutional bank. Loading Whelan was sent to Singapore at the height of the global financial crisis, when large …

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China’s summer of stock market turmoil: a timeline

(Bloomberg) – The overhaul of tutoring companies in China has triggered a few volatile weeks for both onshore and Hong Kong stock markets, leaving investors on edge. After heavy losses, traders are looking for what regulators might target next as Beijing tightens its grip on a range of sectors from …

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BIT Mining announces the abolition of the VIE structure and the sale of the Chinese lottery business

HONG KONG, China, July 23, 2021 / PRNewswire / – BIT Mining Limited (NYSE: BTCM) (“BIT Mining” or “the Company”), a leading cryptocurrency mining company, today announced its decision to eliminate its structure from variable interest entity (“VIE”) and sell its Chinese lottery-related activities for nil consideration. BIT Mining’s consolidated …

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New U Life opens Japan as NFR market

Lehi, Utah, July 22, 2021 (GLOBE NEWSWIRE) – New U Life Corporation, a health supplement company that creates products to help individuals achieve full body health, recently launched its SomaDerm® gel in Japan. NFR (not for retail) market. Ryan Linton, Executive Director of New U Life, said: “We are delighted …

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