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30 Jan Hong Kong stocks slip in worst January since 2016 on BYD earnings miss, weak China manufacturing outlook

Posted at 02:44h in Asia

Hong Kong stocks dropped, with the benchmark index heading for the worst January since 2016, amid renewed concerns about corporate earnings and China’s economic recovery outlook. EV maker BYD slumped after profits trailed market consensus.The Hang Seng Index fell 1.8 per cent to 15,794.32...

30 Jan How ‘quiet luxury’ is subtly taking over investor portfolios

Posted at 02:01h in Europe

VIENNA, AUSTRIA - NOVEMBER 25, 2022: Karin Teigl is seen wearing Hermès yellow leather mini Kelly, Baum & Pferdgarten green leather jacket, Lumina beige cropped turtleneck sweater and vintage checked green yellow pants.Jeremy Moeller | Getty ImagesQuiet luxury was one of last year's biggest viral...

30 Jan China urges breakthroughs in GPUs, robotics, quantum computing and brain interfaces to drive ‘future industries’

Posted at 01:00h in Asia

Chinese authorities have reiterated the need for technological breakthroughs in a range of hi-tech areas, including graphics processing units (GPUs), quantum computing, humanoid robots and brain-computer interfaces, in Beijing’s latest effort to seek control of “the industries of the future”.A document issued on Monday by...

29 Jan China’s stimulus lifts stock markets in short-lived rally as geopolitical, economic and policy risks weigh

Posted at 23:30h in Asia

China’s efforts to support stocks in Shanghai, Shenzhen and Hong Kong has triggered a US$689 billion gain in market valuation last week following 2023’s brutal sell-off. This recovery may not be a long-lasting one as policymakers are still faced with the challenging task of attracting...

29 Jan Toyota warns 7,300 Canadians to stop driving, get immediate repairs

Posted at 22:03h in Canada

Toyota Motor Corp. is urging owners of certain older vehicle models to stop driving and get immediate repairs because an airbag inflator could explode and potentially kill motorists. The Japanese automaker said the "Do not drive" advisory covers some 2003-04 model year Corolla, 2003-04 Corolla Matrix and...

29 Jan What does Evergrande’s liquidation order mean for China’s property sector? Why is the market cheering?

Posted at 22:00h in Asia

The winding-up order to the Guangzhou-based developer, however, still faces cross-jurisdictional challenges as most of the company’s assets are located in mainland China.Escalators are seen in an abandoned Evergrande commercial complex in Beijing on January 29, 2024. A Hong Kong court on January 29 ordered...

29 Jan B.C. Supreme Court considers $14.4 million iPhone class action settlement

Posted at 21:34h in Canada

A judge in British Columbia will decide next month whether to approve a multimillion-dollar settlement of a class-action lawsuit against Apple for allegedly slowing down older model iPhones with its software updates.Lawyers for the company and class members in a lawsuit originally filed in 2018...

29 Jan 10 U.S. cities with the worst traffic

Posted at 21:09h in Europe

America is home to some of the most congested cities in the world.Most agree that sitting in traffic is a massive waste of time, and often cite a frustrating commute to and from work as reason to resist returning to the office. But experts say...

29 Jan Trans Mountain expansion hits ‘technical issues,’ possibly delaying completion

Posted at 21:05h in Canada

The Trans Mountain pipeline expansion is facing delay yet again.The Crown corporation building the massive project, which had previously stated it expected to have the pipeline in-service near the end of the first quarter, said Monday it has once again run into construction challenges in...

29 Jan Industry minister urges Competition Bureau to conduct followup study of grocery prices

Posted at 19:51h in Canada

Innovation, Science and Industry Minister François-Philippe Champagne is calling on the Competition Bureau to use its new powers to take another look at the cost of groceries in Canada.Last June, the bureau released a report that said Canada's grocery sector lacks competition. The industry is dominated...

Author: admin