Finance

Smartphone Maker Xiaomi Slashes 15pc Of Jobs: Report

Electronics giant Xiaomi has started laying off workers in several units of its smartphone and internet services busines... Read more

US Stocks Fall Amids Recession Fears

US stocks were in the red again on Monday, with the Nasdaq leading declines as investors worried about the prospects of ... Read more

Musk Launches Poll On His Future As Twitter CEO

Twitter CEO Musk launched a poll on the social media platform on Sunday asking whether he should step down as head of th... Read more

Hong Kong Stocks Open Slightly Higher

Hong Kong shares inched up on Monday morning as investors weighed China's reopening from its zero-Covid measures with co... Read more

US Stocks End Losing Week On Downcast Note

Wall Street stocks finished a difficult week on a downcast note on Friday, falling for a third straight session amid fea... Read more

Hong Kong Stocks Finish Week With Gains

Hong Kong shares rose on Friday on optimism over China's reopening and following news of progress in auditing talks betw... Read more

S&P 500 Ends 2.5% Lower Amid Recession Worries

Wall Street stocks fell sharply on Thursday after lacklustre retail sales data, amid fears that central bank interest ra... Read more

US Industrial Output Slips In November

Industrial production in the US slumped in November with "broad based" decreases, the Federal Reserve said on Thursday, ... Read more

ECB, Bank Of England Raise Interest Rates

The European Central Bank (ECB) raised interest rates by half a percentage point on Thursday, its fourth successive hike... Read more

Julia Leung Named Next SFC Chief

The government has named Julia Leung as chief executive officer of the Securities and Futures Commission (SFC) for a thr... Read more

Borrowers Should Assess Risk After Rate Hike: HKMA

The Hong Kong Monetary Authority (HKMA) on Thursday raised its base rate to 4.75 percent following a US rate hike, and c... Read more

China's Factory, Retail Sectors Skid

The mainland's economy lost more steam in November as factory output growth slowed and retail sales extended declines, b... Read more

US Stocks End Lower As Fed Says More Rate Hikes Ahead

Wall Street stocks fell on Wednesday after the Federal Reserve sketched out plans for additional interest rate hikes des... Read more

Hong Kong Stocks Rally On US Inflation Data

Hong Kong stocks kicked off Wednesday with another round of gains after a below-forecast US inflation reading lifted hop... Read more

US Stocks Bounce On Inflation Optimism

Wall Street stocks jumped on Tuesday as consumer inflation data came in better than expected, as markets shifted focus t... Read more