Hong Kong has almost always been cheap. I’m not talking about the cost of housing or the prices in the supermarkets – but the value of the stock market. For the decades leading up to the handover in 1997, the Hong Kong market was consistently...
The company building the Trans Mountain pipeline expansion is still working to find a solution for its latest unexpected construction challenge in B.C.Crown corporation Trans Mountain Corp. is currently removing the section of pipe it had been attempting to pull into the hole drilled for...
Andrew Bailey, governor of the Bank of England (BOE), during the Monetary Policy Report news conference at the bank's headquarters in the City of London, UK, on Thursday, Feb. 1, 2024.Bloomberg | Getty ImagesLONDON — Bank of England Governor Andrew Bailey on Thursday signaled that financial...
Car key for the Ferrari Purasangue SUVAdam Jeffery | CNBCFerrari topped Wall Street's top- and bottom-line earnings expectations for the fourth quarter to finish off a record year of profits for the luxury sports car manufacturer.The automaker reported a net profit of 1.26 billion euros...
ByteDance has launched a platform similar to OpenAI’s GPTs, which allows users to customise its ChatGPT artificial intelligence (AI) bot for specific tasks, as the Chinese owner of TikTok accelerates its AI drive.Coze, rolled out on Thursday in China where OpenAI’s services are not officially...
Lewis Hamilton of Mercedes ahead of the Formula 1 Abu Dhabi Grand Prix at Yas Marina Circuit in Abu Dhabi, United Arab Emirates on November 26, 2023.Nurphoto | Nurphoto | Getty ImagesSeven-time Formula 1 world champion Lewis Hamilton is on the cusp of a surprise...
The China Securities Regulatory Commission (CSRC) said it found the 2023 financial disclosures of Shenzhen-listed Zuojiang to be “seriously untrue” and “suspected [the company] of significant financial fraud”, according to the agency’s statement on Monday about the results of its preliminary investigation.The CSRC said...
Hong Kong’s stock market investors can expect a roller-coaster ride full of turbulence and drama as symbolised by the Chinese zodiac of the dragon, according to CLSA’s tongue-in-cheek Feng Shui Index.Market weakness will endure in the first half of the Year of the Dragon, and...
Ant Group and the Shanghai municipal government have struck a partnership that would see the two parties deepen their collaboration in fields such as blockchain and artificial intelligence (AI).Under the partnership, Ant Group, the Alibaba Group Holding fintech affiliate, will “actively participate in building [an]...
A pedestrian sheltering under an umbrella passes a Julius Baer Group Ltd. branch in Zurich, Switzerland, on Tuesday, July 13, 2021.Stefan Wermuth | Bloomberg | Getty ImagesSwiss bank Julius Baer on Thursday reported hefty net credit losses tied to its exposure to real estate group...