Author: admin

16 Jan Russia’s neighbors back Ukraine’s refusal to negotiate on peace talks

Posted at 17:06h in Europe

President of the Republic of Poland, Andrzej Duda.Sopa Images | Lightrocket | Getty ImagesPoland's President Andrzej Duda on Tuesday described Ukraine's refusal to cede ground to Russia in prospective peace talks as "perfectly understandable."Speaking to CNBC at the World Economic Forum in Davos, Switzerland, Duda restated his...

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16 Jan Inflation rose to 3.4% in December, says StatsCan

Posted at 14:02h in Canada

Canada's annual inflation rate jumped to 3.4 per cent in December, according to data released by Statistics Canada on Tuesday.That's after both October and November saw inflation hold steady at 3.1 per cent compared to last year.StatsCan said that the price of gasoline, air travel, passenger vehicles and rent...

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16 Jan Hong Kong investment firm Ding Yi Feng’s plans to list mainland Chinese affiliate spooks investors, shares crash

Posted at 13:13h in Asia

Shares of Hong Kong-listed investment firm Ding Yi Feng Holdings Group International have taken a hit amid speculation that its Shenzhen affiliate plans to list on an international digital exchange, and freeze asset trading for the next several months.The move has confounded market observers, who...

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16 Jan Apple gets deeper into China’s smartphone price wars with widening iPhone discounts, but rival Huawei stays above the fray

Posted at 12:30h in Asia

Apple’s atypical discount drive on the mainland shows the US tech giant’s focus to gain ground in the world’s second-biggest economy amid sluggish global iPhone sales, which has seen the company hit by two ratings downgrades in the first week of this year.Huawei Technologies’...

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16 Jan Henderson, Swire and Chinachem among 7 Hong Kong firms joining global initiative on nature-related corporate disclosures

Posted at 12:15h in Asia

Seven Hong Kong companies have joined more than 300 firms worldwide that are committed to making disclosures on nature-related risks and opportunities, supporting a global initiative to reverse nature degradation caused by human activity and climate change.Property developers Chinachem Group, Henderson Land Development, Sino Land,...

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16 Jan Micro Connect unveils new market standard for financing China’s micro and small businesses

Posted at 11:30h in Asia

Micro Connect, an investment platform co-founded by the former boss of Hong Kong Exchanges and Clearing, Charles Li Xiaojia, on Tuesday introduced a new market standard for financing China’s micro and small businesses.The market-accepted protocol, or MAP, will allow investors to value expected cash flows...

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16 Jan Banking group IIF sounds the alarm on record global debt

Posted at 11:25h in Europe

BEIJNG, CHINA - NOVEMBER 13: Illuminated skyscrapers stand at the central business district at sunset on November 13, 2023 in Beijing, China. (Photo by Gao Zehong/VCG via Getty Images)Vcg | Visual China Group | Getty ImagesThe chief executive of the Institute of International Finance warned...

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16 Jan China’s Ping An Bank names 41 mainland developers in funding support list

Posted at 08:46h in Asia

Major Chinese lender Ping An Bank has put 41 developers on a list of property firms eligible for its funding support, a shift towards more lending to a sector in crisis following government steps to staunch the pain.The bank decided to adjust criteria related to...

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16 Jan HashKey claims ‘unicorn status’ after raising US$100 million for one of Hong Kong’s two licensed cryptocurrency exchanges

Posted at 08:30h in Asia

HashKey Group, the company behind one of Hong Kong’s two cryptocurrency exchanges approved to serve retail investors, said it raised nearly US$100 million in a funding round that valued it at more than US$1 billion, making it a so-called unicorn company.Existing and new investors took...

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16 Jan Hong Kong’s property bears top 17 global markets in pessimism, spooked by higher rates, tepid growth and weak demand, CBRE survey shows

Posted at 07:30h in Asia

Hong Kong-based property bears topped the world in their pessimism, as a mix of high interest rates and a slumping economy with weak demand dampened any interest in buying assets, according to a study by the consulting firm CBRE.The net buying intention of...

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