Author: admin

07 Feb Bank of Canada says housing affordability is about boosting supply, not lowering interest rates

Posted at 09:00h in Canada

Canada's real estate market is notoriously unhinged. Home prices are up more than 35 per cent in just four years. Mortgage interest costs are up 30.9 per cent year over year. And rental prices are continually hitting record highs.As inflation comes under control, there is a growing...

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07 Feb Geert Wilders leadership hopes sink as coalition talks collapse

Posted at 08:48h in Europe

Leader of the Netherlands' Party for Freedom (PVV), Geert Wilders.Anadolu | Getty ImagesLONDON — Far-right Dutch lawmaker Geert Wilders' hopes of becoming prime minister of the Netherlands are dwindling after coalition talks fell into disarray Tuesday.Pieter Omtzigt, founder and leader of the upstart center-right New...

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07 Feb Douyin CEO Kelly Zhang steps down as head of TikTok’s Chinese version to focus on ByteDance video editor CapCut and AI

Posted at 07:30h in Asia

Kelly Zhang Nan, the most powerful woman in ByteDance, has stepped down as CEO of the Douyin business unit that includes the Chinese version of TikTok, as well as other signature products such as news aggregator Jinri Toutiao.Citing “business development needs and personal preferences”,...

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07 Feb Cantopop icon Wan Kwong and HKMA join forces to battle financial crime as Hong Kong sees surge in scams

Posted at 07:24h in Asia

What do Cantopop icon Wan Kwong and Arthur Yuen Kwok-hang, the deputy CEO of the Hong Kong Monetary Authority (HKMA), have in common?The unlikely duo has teamed up to fight against a sharp rise in financial fraud cases in Hong Kong and has produced a...

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07 Feb Hong Kong’s commercial developers must step up to charge up as city’s growing EV fleet leaves a shortfall in charging stations, CBRE says

Posted at 06:41h in Asia

Major business clusters such as Central, Western and Yau Tsim Mong account for less than 10 per cent of public chargers, while Kowloon East has about 20 per cent, the most across the city. 02:05Chinese smart-battery swap stations can change EV batteries automaticallyChinese smart-battery swap...

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07 Feb Hong Kong, Singapore prime property prices to see big declines as high rates weigh on sentiment: Savills

Posted at 04:53h in Asia

“Inflationary pressures will gradually abate, necessitating ‘higher for longer’ interest rates and the likelihood of a sustained period of weak global growth,” said Kelcie Sellers, an associate at Savills World Research.Singapore’s high-end residential market last year was affected by the imposition of a 60 per...

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07 Feb Star China banker’s disappearance made his firm a buyout target

Posted at 04:01h in Asia

About a year after Bao Fan disappeared from public view, his boutique Chinese investment bank is shrinking and being circled by rivals.Almost a third of China Renaissance Holdings’ staff in Hong Kong, which includes investment banking, private equity and wealth management teams, have either resigned...

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07 Feb Hong Kong stocks extend gains spurred by China’s policy support and state buying; Haidilao surges ahead of Lunar New Year

Posted at 03:02h in Asia

Hong Kong stocks rose for a second day as investors cheered measures taken by the Chinese government as authorities worried that the US$5 trillion sell-off posed a risk to the country’s financial and social stability.A series of moves made by the Chinese government, ranging...

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07 Feb IDG Capital works to rebut US ‘confusion’ over its inclusion on Pentagon’s list of companies with ties to China’s military

Posted at 02:46h in Asia

IDG Capital, a venture firm with offices in Beijing and Hong Kong, said it’s working to clear up “confusion” over its inclusion on a US Pentagon list of companies with ties to the Chinese military.The company was surprised to discover its name on the list...

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07 Feb Opinion | Here’s how corporate leaders can boost Hong Kong’s moribund stock market

Posted at 01:30h in Asia

So, what’s wrong with the Hong Kong market? Compared to the late 1990s, Hong Kong companies have stronger balance sheets, greater global competitiveness, and a more stable currency regime. Looking at the 850 largest companies in Hong Kong, our analysis reveals that about half have...

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