Finance

Exchange Fund Suffers Second-worst Quarterly Loss

The Exchange Fund posted its second-worst quarterly investment loss ever of HK$100.1 billion in the three months ending ... Read more

China Sees Lowest PMI Reading In Seven Months

Factory activity in China contracted at a faster pace in November, an official survey showed on Wednesday, weighed down ... Read more

HK Stocks Dip At Open Ahead Of Fed Comments

Hong Kong shares opened slightly lower on Wednesday following the previous day's massive jump, with traders awaiting a k... Read more

Wall Street Largely Down As China Stocks Gain

The S&P 500 ended down on Tuesday ahead of a speech by US Federal Reserve Chair Jerome Powell that could provide hin... Read more

Shareholders Set To Benefit As HSBC Sells Canada Unit

HSBC has agreed to sell its business in Canada to Royal Bank of Canada for $13.5 billion Canadian dollars (US$10.04 bill... Read more

US Stocks End Down Ahead Of US Data

Wall Street stocks finished lower on Monday ahead of key US economic data. Investors are waiting for key US employmen... Read more

Saudi Arabia Announces Plans For New Riyadh Airport

Saudi Arabia on Monday announced plans for a new airport in Riyadh intended to spur rapid growth in the capital while ad... Read more

Hong Kong's Export Decline Widens Further

Hong Kong's trade performance has slumped further, with the value of total exports shrinking 10.4 percent year-on-year i... Read more

Debt-hit Developer Evergrande Sells Land For US$1bn

Embattled property giant China Evergrande has sold land earlier earmarked for its headquarters in the tech hub of Shenzh... Read more

Hong Kong Stocks Finish Lower

The Hang Seng Index lost ground on Monday after the daily Covid caseload on the mainland hit a record high, and as unres... Read more

Philippine Growth Expected To Ease Next Year

Philippine economic growth may ease next year after a likely expansion of more than 7 percent this year as global risks ... Read more

Wall Street Ends Short Trading Session On Mixed Note

The Nasdaq closed lower on Friday amid pressure from Apple in a subdued holiday-shortened trading session for Wall Stree... Read more

Britain, Singapore Agree To Deepen Fintech Links

The UK and Singapore on Friday announced an agreement to boost their financial technology sectors, seeking to remove tra... Read more

China Regulator Says Tesla Recalled Over 80k Cars

Tesla is recalling more than 80,000 China-made and imported cars produced from as early as 2013, for software and seat b... Read more

New Credit Lines See Mainland Property Chips Jump

Mainland property shares jumped on Thursday, after the country's biggest commercial banks agreed to provide billions of ... Read more