A flare stack burns beyond oil storage tanks at the Taneco Oil Refining and Petrochemical complex, operated by Tatneft PJSC, in Nizhnekamsk, Tatarstan, Russia, on Tuesday, March 5, 2019.Bloomberg | Bloomberg | Getty ImagesOil prices on Tuesday rose to their highest level since October as...
The Binance-affiliated cryptocurrency exchange HKVAEX is shutting down its operations in Hong Kong after withdrawing its application for a licence in the city, ending a bid that lasted just three months.In the company’s official group chat on the messaging platform Telegram, HKVAEX head of operations...
Bond funds dominated new mutual-fund issuances in the first quarter in China, as policy loosening hopes drove investors to haven assets as the nascent recovery in stocks remains fragile after an unprecedented three years of losses.Fixed-income products made up three quarters of the 243.4 billion...
[The content of this article has been produced by our advertising partner.]In a historic first, one of mainland China’s leading entrepreneurs has received a highly prestigious industry award for notable accomplishments throughout his career.Su Zhigang, the founder and chairman of Chimelong Group, which currently operates...
A federal proposal to include rental payments in calculating credit scores might help some Canadians move into home ownership, but it could have consequences on renters who are already struggling with rising costs.One measure of the proposed Canadian Renters' Bill of Rights, announced last week...
UBS logo is seen at the office building in Krakow, Poland on February 22, 2024.Jakub Porzycki | Nurphoto | Getty ImagesUBS on Tuesday announced a new share repurchase program of up to $2 billion, with up to $1 billion of that total expected to take...
Ray Dalio, the billionaire founder of world’s largest hedge fund, Bridgewater Associates, said now is the time to invest in beaten-down Chinese stocks as Beijing works to shore up the economy.“The time to buy is when everyone hates the market and it’s cheap, which is...
China’s troubled property market is showing no sign of recovery after a two-year slump in home prices in major cities stretched into last quarter, suggesting buyers are waiting to see more cracks in the market while developers fend off one crisis after another. Beijing and...
Firefighters work on the zone of a forest fire in the hills in Quilpue comune, Valparaiso region, Chile on February 3, 2024.Javier Torres | Afp | Getty ImagesA quiet revolution is underway to address a widely underestimated climate challenge: extreme heat.Local authorities have appointed several...
However, amid sluggish IPO activity, the take-up rate has been minimal so far.People pass under screens showing index and stock prices outside Exchange Square in Central, home of the city’s bourse operator Hong Kong Exchanges and Clearing, on February 15, 2024. Photo: Sun YeungIn the...