HONG KONG (BLOOMBERG) – HSBC Holdings apologised to customers in Hong Kong after an update to its online and mobile banking terms stoked fears over overseas access to its services in the financial hub. The quick mea culpa by Hong
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Hong Kongers moving to UK may sell $25.6 billion of homes in 2021
HONGKONG (BLOOMBERG) – Hong Kong home owners may sell as much as HK$150 billion (S$25.6 billion) worth of property this year when residents emigrate to the UK. The city is expected to see about 13,100 to 16,300 households move to
With big tech on holiday, world shares inch higher
LONDON (Reuters) – World shares inched higher led by Europe on Monday, after last week’s rout in U.S. technology stocks that saw $2.3 trillion in value wiped off in two days with investors taking note of lofty valuations when the
Asia stocks touch 29-month top, China blue chips at five-year high
SYDNEY (Reuters) – Asian shares notched a 29-month high on Monday as investors wagered global central banks would keep topping up the policy punchbowl for years to come, while an upbeat reading on China’s service sector augured well for recovery
China's Xpeng IPO raises $1.5 billion for smart EV technologies, expansion
BEIJING/HONG KONG (Reuters) – Chinese electric vehicle (EV) maker Xpeng XPEV.N said on Thursday it has increased the size of its U.S initial public offering (IPO) by more than a third to about $1.5 billion, as global investors race to
Asian stocks mostly higher as trade, virus treatment hopes lift mood
SINGAPORE/HONG KONG (Reuters) – Asia’s stock markets were mostly higher on Tuesday as investors cheered signs of progress in U.S.-China trade negotiations and following a fresh Wall Street rally. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.32% to
Asian shares cautious as Sino-U.S. tensions weigh
SYDNEY (Reuters) – Asian stocks held tight ranges on Monday as worries over flaring tensions between the United States and China weighed on sentiment although signs of a recovery in industrial activity in the world’s second-largest economy capped losses. MSCI’s
Asia futures mixed as gold prices hold near record peak
WASHINGTON (Reuters) – Asia futures were mixed on Wednesday and gold traded mixed, after U.S. and European equities gained overnight on strong earnings results. Hong Kong futures were 0.01% lower, while Nikkei futures were trading slightly above the Nikkei 225
Asian shares drop as China consulate closure fans Sino-U.S. tensions
SHANGHAI/NEW YORK (Reuters) – Asian shares slipped on Thursday as investors’ worries over rising tensions between Washington and Beijing overcame hopes for more stimulus, after the United Sates ordered the closure of China’s consulate in Houston amid accusations of spying.
Houston, we have a problem
LONDON (Reuters) – News that the United States had ordered China to close its consulate in Houston fanned a bout of selling in equity markets on Wednesday, while the euro basked at a 21-month high in the afterglow of the