The receiving dock at the Northern Lights carbon capture and storage project, controlled by Equinor ASA, Shell Plc and TotalEnergies SE, at Blomoyna, Norway, on Friday, Jan. 19, 2024.Bloomberg | Bloomberg | Getty ImagesNorway's government wants to show the world it is possible to safely...
Expectations about further policy loosening set off a frenzy on liquidity-sensitive small-caps, and a lull in the release of economic data has investors placing event-driven thematic investments in stocks linked to artificial intelligence (AI) and humanoid robots, according to Fu Jingtao, a strategist at Shenwan...
Hong Kong stocks rose ahead of China’s annual legislative meeting where traders expect announcements to stabilise the markets and shore up the world’s second largest economy. Li Auto and BYD tumbled as the price war in the electric vehicle (EV) market intensified.The Hang Seng Index...
Fortescue’s months-long stock rally suffered a big pullback in February as investors turned sour on the iron ore producer’s earnings growth and exposure to slumping metal prices amid China’s rocky economic recovery.The world’s fourth-largest iron ore miner is tipped for the greatest earnings slowdown over...
Regulators should take bolder steps to expand the Wealth Management Connect scheme and encourage more investments in Hong Kong products by mainland China-based investors, according to a finance lobby group.The government’s recent adjustments are “steps in the right direction”, but further relaxations are needed, as...
Now, Tesla shares are down more than 50 per cent from their 2021 peak, and other EV stocks that raced higher with it are shadows of their former selves. All of which should be sobering for Nvidia investors who see the stock as a limitless...
Swiss luxury watchmaker Omega is ramping up its presence in Hong Kong, opening two specialty shops in the city as it bets on long-term success despite slower than expected economic growth and a gloomy retail outlook.The brand, famously known for its Speedmaster and Seamaster watches...
Traders are eagerly awaiting China’s annual legislative meeting for clues about whether the recent market rebound will sustain, as the high-stakes political gathering sets the nation’s economic agenda for the year.The National People’s Congress (NPC), which kicks off on Tuesday in Beijing and brings together...
Bitcoin’s recent rally has sparked renewed warnings from Chinese state media about the risks of investing in cryptocurrencies, as interest around digital assets remains strong in the country despite a sweeping ban on crypto mining and trading.A rebound in bitcoin prices cannot “hide” the underlying...
Citigroup will expand its wealth management business in the Greater Bay Area and rest of Asia from its base in Hong Kong, according to its global wealth head.The US banking group remains committed to Hong Kong and China despite selling its mainland wealth business to...