Hong Kong Pro-Democracy Activist Agnes Chow Flees to Canada, Refusing to Return to City One of Hong Kong’s most well-known pro-democracy activists, Agnes Chow, has chosen not to return to the city in order to meet her bail conditions. This decision makes her the latest politician to flee Hong Kong as part of Beijing’s crackdown …
Gold and Bitcoin Surge in Asian Trading as Fed Watch Begins (Bloomberg) — Gold surged to a fresh record and Bitcoin pierced $40,000 in Asian trading as markets shrugged off Federal Reserve Chair Jerome Powell’s reminder that policymakers are in no hurry to ease interest rates. Most Read from Bloomberg The precious metal jumped as …
Asian shares experienced mixed results on Tuesday, with Tokyo and Hong Kong facing decline, while Shanghai, Seoul, and Sydney saw gains. The situation was reflected similarly on Wall Street, where benchmarks edged lower. The wait for updates on inflation and the U.S. consumer’s perception of the economy left investors hoping for positive news. The Conference …
Private Equity Firms in China Struggle to Offload Assets Private equity firms in China amassed over $1.5 trillion in assets in the past 20 years, but now are facing challenges in offloading once-promising investments. With public markets offering unattractive valuations, buyout firms are exploring private sales, but secondary buyers are demanding discounts of 30% to …
HONG KONG (AP) — Asia’s stock market saw a slight decline on Monday as trading remained subdued ahead of U.S. President Joe Biden’s meeting with Chinese leader Xi Jinping later in the week. Oil prices continued on a three-week losing streak due to increased crude shipments from Russia and the U.S. and the gradual unwinding …
In October, China’s consumer price index shrank by 0.2% year-on-year, exceeding the anticipated 0.1% decline. The producer price index also fell, declining 2.6% last month, marking the 13th consecutive month of decline. An employee works on the assembly line of LED lighting products in China. Vcg | Visual China Group | Getty Images Amid an …
The stamp duty that non-permanent residents have to pay for property and another levy imposed on additional property purchases by residents will each be halved to 7.5%. A special stamp duty amounting to 10% of property prices that was previously imposed on transactions involving property held for less than three years will now apply for …
In a newly released biography, it has been revealed that Sam Bankman-Fried, the founder of FTX, met with the Prime Minister of the Bahamas to discuss the possibility of paying off the country’s entire $10 billion national debt. The purpose of the meeting was to explore ways in which Bankman-Fried could improve the island’s infrastructure …
Hong Kong Disneyland Resort is set to open a new land on November 20, 2023, inspired by Disney’s popular “Frozen” movie franchise. Named World of Frozen, this area will transport visitors to Arendelle, the fictional village from the films where Disney sisters Elsa and Anna reside. Experience Elsa and Anna at World of Frozen in …
China Evergrande Group Trading Suspended in Hong Kong HONG KONG (AP) — Trading in shares of heavily indebted Chinese property developer China Evergrande Group was suspended in Hong Kong on Thursday, according to a notice on the Hong Kong stock exchange. The suspension comes after Bloomberg News reported that the chairman of Evergrande, Hui Ka …