Author: admin

25 Jan China’s economy to gradually heat up in 2024, with manufacturing, spending as top growth drivers, not property: Fidelity

Posted at 23:30h in Asia

China’s economy will show gradual improvement in 2024, propelled by manufacturing and consumption, rather than property and local government financing, amid a structural shift towards high-quality growth drivers, Peiqian Liu, Asia Economist at Fidelity International, said at a media briefing on Thursday.“Tourism, entertainment, culture, and...

Read More

25 Jan After disgraced crypto entrepreneur’s ‘enjoyable’ Singapore prison experience, focus turns to exchange in Hong Kong

Posted at 23:00h in Asia

Although he is “not to the point of highly recommending it per se … it’s something that if everyone got to experience once, I think it’s definitely good for you,” Zhu said.Su Zhu (top right), co-founder of collapsed cryptocurrency hedge fund Three Arrows Capital, describes...

Read More

25 Jan Opinion | China’s economic loss is not necessarily Japan’s gain

Posted at 21:30h in Asia

The starkly diverging fortunes of the region’s two biggest equity markets are redrawing the investment landscape in Asia. By the end of last week, a staggering US$6.3 trillion – about the current market capitalisation of the Shanghai bourse – had been wiped off the value...

Read More

25 Jan U.K. walks away from trade talks with Canada

Posted at 19:55h in Canada

British negotiators walked away from trade talks with Canada Thursday — a dramatic development that taps the brakes on a bilateral trade deal between the two Commonwealth nations that has been years in the making.A major sticking point is how much access U.K. producers should have...

Read More

25 Jan Lagarde says she’s proud to lead ECB after scathing staff survey

Posted at 16:29h in Europe

European Central Bank President Christine Lagarde looks on as she attends the European Parliament's Committee on Economic and Monetary Affairs, at the European Parliament, in Brussels, Belgium September 25, 2023. Yves Herman | ReutersPresident Christine Lagarde on Thursday said she was "proud and honored" to leead...

Read More

25 Jan U.S. economy grows more than expected at end of 2023, driven by consumer spending

Posted at 16:01h in Canada

The U.S. economy grew at an unexpectedly brisk 3.3 per cent annual pace from October through December as Americans showed a continued willingness to spend freely despite high interest rates and price levels that have frustrated many households.Thursday's report from the U.S. Commerce Department said the...

Read More

25 Jan Watch CNBC’s Sustainable Future Forum from Davos

Posted at 14:50h in Europe

CNBC's "Sustainable Future Forum" returned as a special event live from the 54th Annual Meeting of the World Economic Forum in Davos, Switzerland.CNBC convened top policymakers and business leaders to evaluate the outcomes of COP28 and examine what needs to happen in 2024 to ensure...

Read More

25 Jan Airport Authority retail bonds to be oversubscribed, BOCHK says, but HSBC reports only ‘favourable’ demand

Posted at 13:30h in Asia

Airport Authority Hong Kong’s (AAHK’s) HK$5 billion (US$640 million) retail bonds are expected to be oversubscribed, but have not generated as much buzz as the green bonds the Hong Kong government issued in September, banks and brokers said.Bank of China (Hong Kong) (BOCHK), a co-arranger...

Read More

25 Jan European Central Bank holds interest rates steady for third meeting in a row

Posted at 13:27h in Europe

The European Central Bank on Thursday held interest rates unchanged, and reiterated it would keep them high for a "sufficiently long duration" to bring inflation to target.The central bank is holding steady for the third straight meeting, after hiking its deposit rate to 4% in...

Read More

25 Jan Hong Kong to launch subsidy scheme for green fintech start-ups to bolster sustainability data acumen, official says

Posted at 11:30h in Asia

The Hong Kong government will soon launch a subsidy scheme for start-ups with expertise in the collection, analysis and reporting of sustainability data as part of an effort to connect the city’s financial acumen with a growing fintech field and support the climate transition, according...

Read More