Largest UK Rate Hike In 27 Years; Recession Predicted
The Bank of England (BoE) raised interest rates by the most in 27 years on Thursday, despite warning that a long recessi... Read more
Hong Kong Shares Jump 2 Percent
Hong Kong stocks rallied on Thursday as traders tracked a Wall Street rally and healthy US data. The Hang Seng Index ... Read more
Pound Rises Ahead Of Expected UK Interest Rate Hike
Sterling edged up on Thursday and traded near its highest level against the euro since April ahead of a Bank of England ... Read more
US Stocks Rally On Good Services Sector Data
Wall Street stocks finished solidly higher on Wednesday, bouncing after two down sessions following better-than-expected... Read more
Warner Bros Axes US$90m 'Batgirl' Film
In a move that rattled Hollywood, Warner Bros has axed the “Batgirl” film planned for HBO Max, opting to shelve the ... Read more
Big Names Lead Declines In Wall Street
Wall Street ended lower after a choppy session on Tuesday, with heavy hitters Microsoft and Visa losing 1.1 percent and ... Read more
Ratings Agencies Downgrade Scandal-hit Credit Suisse
Ratings agencies Moody's and Standard & Poor's downgraded scandal-hit Credit Suisse on Tuesday, given the restructur... Read more
Hong Kong Stocks Drop At Open
Hong Kong stocks fell more than one percent at the open on Tuesday and continued a decline from Wall Street, which ended... Read more
Wall Street Starts Month With Losses After July Rally
Wall Street ended lower after a choppy session on Monday, with declines in Exxon Mobil and other energy companies weighi... Read more
US Court To Decide On Publishing Giants' Merger Deal
The US Justice Department asked a federal judge on Monday to block a US$2.2 billion merger of two of the "Big Five" book... Read more
Hong Kong Slips Into Technical Recession
Hong Kong's economy shrank year-on-year for the second quarter in a row, the government's advance estimates showed on Mo... Read more
Hong Kong Shares Start Week With Small Gain
Hong Kong stocks finished Monday slightly higher after three days of losses, boosted by bargain-buying and a rally in ba... Read more
HSBC Plans Quarterly Dividends Again From 2023
HSBC posted an almost 14 percent rise in first-half profit attributable to shareholders to US$8.29 billion and said it p... Read more
Evergrande Subsidiary Ordered To Pay Guarantor
Struggling developer China Evergrande Group said on Sunday that one of its subsidiaries, Evergrande Group (Nanchang) Co,... Read more
UK Firms Expect Zero Growth In Coming Months
British businesses do not expect any growth over the next three months, as a surging cost of living squeezes consumer de... Read more