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25 Jan Hong Kong stocks set for third winning day as China signals more support after US$140 billion liquidity plan to lift confidence

Posted at 02:44h in Asia

Hong Kong stocks climbed for a third day from a 15-month low, after China ramped up economic measures to calm investors, following a market rout triggered by disappointment over its policy inertia.The Hang Seng Index added 0.3 per cent to 15,939.22 at 9.55am local...

25 Jan Microsoft briefly hit US$3 trillion value to surpass Apple, shares close at record on AI optimism

Posted at 02:20h in Asia

Microsoft briefly achieved a historic US$3 trillion market valuation on Wednesday, in the latest example of how optimism over artificial intelligence (AI) has fuelled a seemingly unstoppable advance in the software giant.The stock rose as much as 1.7 per cent to US$405.63, taking...

25 Jan Advancing Hong Kong’s innovation landscape: trailblazing new industrialisation

Posted at 02:00h in Asia

In a strategic move to become Asia’s innovation hub, Hong Kong is enhancing its efforts to attract start-ups and innovators. The Hong Kong Chief Executive’s 2023 policy address revealed a visionary plan, featuring the establishment of a New Industrialisation Development Centre backed by a HK$10...

25 Jan Hong Kong’s industrial property segment seeing pick up amid rising demand for data centres, JLL says

Posted at 00:30h in Asia

“Data centres require scalable and reliable infrastructure and networks. However, the traditional challenge is the scarcity of new supply and buildings suitable for conversion into high-capacity data centres in the city.“Despite this challenge, Hong Kong remains a prime destination for institutional investors and data...

24 Jan Ant Group-backed credit scorer Qiantang closer to licence in China after two-year wait, as PBOC to ‘guide’ application

Posted at 22:00h in Asia

Qiantang Credit Rating, backed by Alibaba Group Holding’s fintech arm Ant Group and Zhejiang Tourism Investment Group, appears to be headed for official approval to begin operations after a wait of more than two years.Pan Gongsheng, the governor of the People’s Bank of China (PBOC),...

24 Jan Netflix reports the money is rolling in — and so are advertisements for Canadian subscribers

Posted at 21:55h in Canada

Netflix told investors it has added millions of new customers and has lots of room to grow its revenue — with part of that growth coming from the planned elimination of the cheapest, ad-free plan available to Canadians.According to fourth quarter results, released late Tuesday afternoon, Netflix...

24 Jan Bank of Canada says government efforts to curb housing crisis will help ‘gradually’

Posted at 20:14h in Canada

The Bank of Canada says record levels of immigration are driving up the cost of housing and recent government efforts to cut the number of non-permanent residents and encourage home building will help lower housing costs, but "only gradually." "In the short term any increase in population,...

24 Jan Hardware chain Rona cutting 300 jobs, closing two distribution centres

Posted at 17:33h in Canada

Rona Inc. says it's cutting about 300 jobs and closing two distribution centres as part of a plan to adjust its operating model and eliminate inefficiencies.The home improvement retailer says it will consolidate operations into its core buildings, closing a distribution centre in Terrebonne, Que., in...

24 Jan 10 safest places to travel 2024

Posted at 16:48h in Europe

The post-pandemic era set off the rise of "travel experiences" with more and more people wanting unique adventures and to explore places off the beaten path.Travel insurance provider Berkshire Hathaway Travel Protection recently released its ninth-annual State of Travel Insurance report which ranks the safest...

24 Jan No change on interest rate as Bank of Canada sticks to 5%

Posted at 14:47h in Canada

Business·BreakingCanada's central bank has announced its trendsetting interest rate will remain steady at five per cent, in a move widely expected by economists.Central bank keeps trendsetting rate steady for 4th consecutive timeAnis Heydari · CBC News · Posted: Jan 24, 2024 9:47 AM...

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