Naphjas Inc. |

07 Mar Hong Kong mall owner Wharf Reic looks to stimulate spending with promotions after posting flat profit

Posted at 09:33h in Asia

Wharf Reic, the owner of Harbour City and Times Square malls, said it would undertake promotional activities to get residents and tourists to loosen their purse strings after recording a slightly lower profit last year.Net profit slipped 3 per cent to just over HK$6 billion...

07 Mar Bank of Canada worries further rate hikes could overheat spring housing market

Posted at 09:00h in Canada

The Bank of Canada is trying to thread a needle. It's keeping rates higher for longer at least in part because it's worried a rate cut now could undermine the last two years of pain and progress."We don't want to keep monetary policy this restrictive...

07 Mar Hong Kong to host major cryptocurrency conference in 2025 as city woos virtual asset firms

Posted at 08:00h in Asia

The 2025 Consensus, one of the world’s biggest cryptocurrency-themed conferences, will be held in Hong Kong as the city’s government woos global virtual asset businesses in an effort to become a hub.The event will take place at the Hong Kong Convention and Exhibition Centre next...

07 Mar Chinese goldbugs swarm to stocks of miners and jewellers as bullion prices surge on rate cut view and haven demand

Posted at 07:26h in Asia

Shares of Chinese gold producers and jewellers have soared, tracking the surge in bullion prices fuelled by hopes of interest-rate cuts by the US Federal Reserve and demand from Chinese consumers seeking to preserve their wealth amid sliding stock markets and property prices.Sichuan Rongda Gold...

07 Mar Cocoa prices not yet showing signs of demand destruction

Posted at 06:36h in Europe

Workers collect dry cocoa beans in front of the store of a cocoa cooperative in the village of Hermankono on Nov. 14, 2023.Sia Kambou | Afp | Getty ImagesAnalysts believe the cost of the core chocolate ingredient may have room to extend its record-breaking run,...

07 Mar OpenAI hits back at Elon Musk, says billionaire pushed for merger to make Tesla its ‘cash cow’

Posted at 04:40h in Asia

“We’re sad that it’s come to this with someone whom we’ve deeply admired – someone who inspired us to aim higher, then told us we would fail, started a competitor, and then sued us when we started making meaningful progress towards OpenAI’s mission without him,”...

07 Mar GreenTech in Hong Kong: hydrogen start-up H2 Solution to build city presence as springboard into overseas markets

Posted at 04:00h in Asia

Hong Kong green-energy start-up H2 Solution, which makes hydrogen fuel-cell systems, is looking to set up its operations in the city’s science and technology park as a springboard into overseas markets.The firm is holding talks with Hong Kong Science and Technology Park Corp to participate...

07 Mar Hong Kong stocks hit by geopolitics with China’s biotech companies in US Senate’s cross hairs

Posted at 02:56h in Asia

Hong Kong stock markets weakened in early trade, led by Wuxi Biologics and Wuxi Apptech, after a US bill proposed restricting business with Chinese biotech companies on national security grounds. Source link ...

07 Mar US calls for Netherlands, Germany, South Korea, Japan to tighten chip curbs on China, drawing resistance from allies

Posted at 02:40h in Asia

The US also wants Japanese companies to limit exports to China of specialised chemicals critical for chip-making, including photoresist, they said. Japan is home to several leaders in photoresist, including JSR and Shin-Etsu Chemical.Tokyo and The Hague have responded coolly to Washington’s latest push, arguing...

07 Mar Wealthy clients turn to HSBC, Manulife, Bank of China amid heightened interest in Hong Kong’s cash-for-residency scheme

Posted at 00:30h in Asia

The scheme has garnered considerable interest, with the department receiving applications on the first day, said Alpha Lau, the director general of InvestHK, who did not reveal the exact number.InvestHK has seen considerable interest in the new CIES scheme. Photo: Eugene Lee“It shows that high-net-worth...

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