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01 Mar China stock market: foreign investors halt exodus in sign of improving confidence on state intervention

Posted at 07:47h in Asia

Global traders resumed buying Chinese stocks in February after an unprecedented six months of outflows, suggesting a slew of market-rescue measures from state buying to curbs on quantitative trading has had some success in restoring investors’ confidence.They invested a net 60.7 billion yuan (US$8.4 billion)...

01 Mar China property sales fall in February, expectations grow purchase restrictions could be eased

Posted at 06:30h in Asia

Property sales in mainland China declined for the tenth straight month in February, as lower demand during the Spring Festival holidays weighed and expectations are the beleaguered sector’s woes will continue, pressured by low homebuyer confidence.China’s top 100 developers posted total contracted sales of 185.7...

01 Mar New World sells its interest in D-Park mall in Tsuen Wan to rival Hong Kong developer Chinachem for US$510 million

Posted at 06:07h in Asia

New World Development (NWD) has agreed to dispose of its shopping centre and parking spaces in Tsuen Wan, selling them to rival Hong Kong property company Chinachem Group for HK$4.02 billion (US$510 million) as part of plans to reduce its heavy debt load.The move is...

01 Mar Europe is having its worst earnings season since the onset of Covid

Posted at 06:06h in Europe

Arc of Triomphe Paris, Champs-Elysees France at nightvichie81 / iStock / Getty Images PlusLONDON — Around a half of European companies missed earnings expectations in the latest reporting season despite already low expectations, analysts told CNBC, who predicted that the region will continue to struggle...

01 Mar UK, Europe real estate to surge as buyers eye investment opportunities

Posted at 06:05h in Europe

Aerial view of the roof gardens at Gasholder Park in Kings Cross, London.Richard Newstead | Moment | Getty ImagesThe U.K. looks poised to lead a European real estate resurgence this year as international investors return capital to the region's strained property market.An anticipated fall in...

01 Mar Seized US$70 million Hong Kong luxury home linked to Evergrande founder Hui Ka-yan put on sale

Posted at 05:03h in Asia

A HK$550 million (US$70.2 million) Hong Kong luxury property linked to China Evergrande Group’s founder Hui Ka-yan has been put up for sale by receivers. Agents expect a short-term boost for the ultra-luxury segment following the end of decade-old property curbs in this week’s budget.The...

01 Mar Smart rings, robot dogs, bendable phones

Posted at 03:38h in Europe

Mobile World Congress 2024, the world's biggest mobile trade show, had a lot of future-looking tech on display.Arjun Kharpal | CNBCThe Mobile World Congress, the world's largest mobile show, is a place where device makers show off some of their latest innovations.And there was quite...

01 Mar Hong Kong stocks snap two-day drop as weak manufacturing report spurs bets on China to support economy

Posted at 02:59h in Asia

Hong Kong stocks snapped a two-day drop after an official report showed a slump in manufacturing in China persisted last month. It heightened bets on stronger economic stimulus measures as policymakers gather next week to set economic targets.The Hang Seng Index rose 0.7 per cent...

01 Mar Chinese province invites overseas investors to link up with strategic supply chains

Posted at 02:00h in Asia

China’s eastern economic powerhouse of Jiangsu has become the first province to invite foreign businesses to take part in its strategic industrial chains, part of a national effort to retain and attract foreign investors.But analysts expressed concerns over the strategy’s long-term viability as geopolitical tensions...

01 Mar Who is Bonnie Chan, the first woman CEO of Hong Kong stock exchange operator HKEX? What challenges does she face?

Posted at 00:30h in Asia

Here is what you need to know about the first woman to serve as CEO at the local stock market, which began operations in 1891.Screens show stock prices outside Exchange Square in Hong Kong’s Central district, the home of bourse operator Hong Kong Exchanges and...

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