Author: admin

26 Mar Top PE firms Apollo, Partners Group, TPG, with solid core business, target alternative assets in Asia to ‘generate alpha’

Posted at 07:55h in Asia

Private equity giants operating in Asia are confident in their core business, but they are eyeing alternative assets such as private credit and infrastructure to generate better returns.As total deal value and fundraising in the Asia-Pacific private equity market slumped to the lowest in a...

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26 Mar A new gold rush for a potential clean energy source

Posted at 06:17h in Europe

The team from the Geological Agency of the Ministry of Energy and Mineral Resources (ESDM) took samples of natural hydrogen gas found in One Pute Jaya Village, Morowali Regency, Central Sulawesi Province, Indonesia, 23 October 2023.Nurphoto | Nurphoto | Getty ImagesA global gold rush is...

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26 Mar China Resources Land posts 11.7% profit increase, sees stability ahead for property sector thanks to policy support

Posted at 06:00h in Asia

China’s troubled property market is on track for a gradual return to stability despite the many challenges it still faces, China Resources Land said as it posted another profitable year in 2023, extending its streak through all crises since at least 1997.Earnings at the nation’s...

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26 Mar 10 months and counting: Hong Kong home prices worsen in February to the lowest level since September 2016

Posted at 05:00h in Asia

The price decline last month preceded the government’s lifting of all property cooling measures amid slower than expected economic growth and a high-interest rate environment that has dented demand for property. 13:00How Hong Kong's housing market became among the world’s most unaffordableHow Hong Kong's housing market...

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26 Mar How HSBC Global Private Banking is helping generations of wealthy families meet their succession planning goals

Posted at 04:06h in Asia

“Amid a series of ‘black swan’ events, we have engaged with many families intent on future-proofing their financial assets and family legacies,” says Henry Lam, regional head of wealth planning and advisory, Asia-Pacific, HSBC Global Private Banking, citing broad estimates of trillions of dollars set...

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26 Mar Apple, Google, Meta targeted in EU’s first Digital Markets Act probes

Posted at 04:01h in Asia

Apple, Alphabet’s Google and Meta Platforms will be investigated for potential breaches of the EU’s new Digital Markets Act (DMA), European antitrust regulators said on Monday, potentially leading to hefty fines for the companies.The European Union law, effective from March 7, aims to challenge the...

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26 Mar Hong Kong stocks edge up as China Merchants Bank and China Resources Land rally on better-than-expected earnings

Posted at 02:31h in Asia

Sentiment got an additional boost as China’s central bank governor Pan Gongsheng said that some “positive signals” had emerged from the property market, which has a solid foundation for healthy and stable development in the long run.Traders have a busy few days ahead as they...

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26 Mar Chinese battery giant CATL shrugs off EV sales slowdown to press on with expansion

Posted at 01:51h in Asia

Zeng offered his survival of the tech-savviest assessment on Monday from Hong Kong, where he delivered one of the keynotes at a sustainability conference. His view that market forces are taking hold in China is reinforced by the central government doing away with national subsidies...

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25 Mar Discount retailer Giant Tiger says customer data was compromised in third-party breach

Posted at 18:05h in Canada

Discount retailer Giant Tiger says contact information for some of its customers was compromised in an "incident" linked to a third-party vendor it uses.Alison Scarlett, a spokesperson for the Ottawa-based discount retailer, said it would not name the vendor on Monday but said Giant Tiger uses the...

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25 Mar Britain blames China for hack that accessed data of millions of voters

Posted at 16:06h in Europe

The U.K. government on Monday linked a cyberattack that saw hackers access the data of millions of British voters with the Chinese state."I can confirm today that Chinese state affiliated actors were responsible for two malicious cyber campaigns targeting our democratic institutions and parliamentarians," British...

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