Naphjas Inc. |

26 Feb Hong Kong stocks drop for second day as traders await corporate earnings from Baidu, NetEase Li Auto to back up sentiment-driven rebound

Posted at 02:55h in Asia

Hong Kong stocks fell for a second day as traders held off bets after a three-week rally. The market is looking for signs of stronger corporate earnings from Baidu, NetEase and Li Auto this week to support the recent rebound fuelled by China’s market intervention.The...

26 Feb Hong Kong property: discounted Mid-Levels luxury homes entice buyers amid loan distress as rates outlook improves

Posted at 00:30h in Asia

Hong Kong’s deep-pocketed investors and homebuyers have been snapping up foreclosed luxury homes at great bargains in recent transactions, suggesting an increase in appetite as the global interest-rate hike cycle comes to an end.A 1,301-square foot unit at Azura on 2A Seymour Road changed hands...

25 Feb Hong Kong prepares transition finance framework to support development as an international green finance hub

Posted at 23:30h in Asia

“A taxonomy is very important for transition financing, so that banks have a common standard to follow in terms of the issuance of bonds and loans.”Transition finance refers to bonds and loans that help companies turn their carbon-intensive operations into climate-neutral outfits aligned with global...

25 Feb China to widen access to US$232 trillion repo market in transformative, signalling impact on interest rates, analysts say

Posted at 22:30h in Asia

Turnover in China’s interbank repo market, dominated by pledged repos, has soared over the past decade. These contracts surged 21 per cent to 1,668 trillion yuan (US$231.8 trillion) in 2023, according to central bank data. Overnight repo made up 88 per cent of the volume...

25 Feb U.S. cities with the best quality of life

Posted at 16:00h in Europe

U.S. News and World Report recently released its annual ranking of U.S. cities with the best quality of life.Cities were ranked based on the following factors:Crime RatesQuality of EducationWell-beingCommuter IndexQuality and availability of healthcareAir quality indexFederal Emergency Management AgencyData from a March 2023 public survey...

25 Feb Red Sea battle expands with EU stepping up its efforts against Houthis

Posted at 15:14h in Europe

The battle for the freedom of navigation in the Red Sea has expanded with the entrance of a European Commission naval defense effort in the past week, and more U.S. and allied strikes against Houthi land targets over the weekend, but to date, combined military...

25 Feb Opinion | Why chipmakers’ stock surge is no guarantee of AI revolution’s future

Posted at 12:15h in Asia

Some of the controversies are easier to manage. The machine learning driven by generative AI has already shown its value in speedy and reliable early indication of diseases, for example. We are at the earliest stages of discovering how these new technologies can enhance productivity...

25 Feb Young female readers, #BookTok fuel spicy romantasy genre’s staggering sales figures

Posted at 09:00h in Canada

Day 65:22A romance bookstore owner explains the fairy-driven frenzy pushing romantasy books to record salesIf you've been on TikTok or in a bookstore lately, you've probably noticed the buzz around the hashtag #romantasy, or of titles like House of Flame and Shadow, Iron Flame and...

25 Feb China’s lithium-ion battery industry faces excess inventory, production capacity as EV market downshifts: industry analysts

Posted at 06:30h in Asia

China’s electric vehicle (EV) battery market is expected to see continuous destocking of inventory this year as demand for EVs cools and companies along the lithium-ion battery supply chain suffer losses amid a price war stemming from excess capacity, analysts said.Some small manufacturers could be...

25 Feb Zong Qinghou, billionaire founder of Chinese drinks giant Wahaha Group, dies at 79

Posted at 05:33h in Asia

Zong Qinghou, the founder of China’s drinks giant Hangzhou Wahaha Group that bought out its French partner Danone to dominate the local market, has died, according to a company statement. He was 79.The billionaire passed away at 10.30am local time on February 25, the company...

Author: admin