Hong Kong ‘patriots only’ election falls flat with record low turnout

Hong Kong ‘patriots only’ election falls flat with record low turnout

[1/2]A volunteer campaigns for the New People’s Party during the District Council election in Hong Kong, China, December 10, 2023. REUTERS/Tyrone Siu Acquire Licensing Rights HONG KONG, Dec 11 (Reuters) – A “patriots only” district election in Hong Kong that barred opposition democrats from the ballot sheet amid a national security squeeze had a record low … Read more

Hong Kong activists arrested in city’s ‘birdcage’ election

Hong Kong activists arrested in city’s ‘birdcage’ election

HONG KONG, Dec 10 (Reuters) – Three Hong Kong pro-democracy activists were arrested on Sunday, just before voting began in a “patriots only” district election that has marginalised formerly popular opposition figures in the city amid a national security clampdown. The pro-China government has been seeking to boost turnout, as some observers see large numbers … Read more

Malaysia’s Sime Darby seeks to expand car retail business into India, Indonesia – CEO

Malaysia’s Sime Darby seeks to expand car retail business into India, Indonesia – CEO

A logo of Sime Darby is seen at its car showroom in Petaling Jaya, Malaysia November 30, 2023. REUTERS/Hasnoor Hussain/File Photo Acquire Licensing Rights KUALA LUMPUR/SINGAPORE, Nov 30 (Reuters) – Sime Darby (SIME.KL), Malaysia’s industrial and automotive conglomerate, is looking to set up a luxury car retail business in India and expand in Indonesia to … Read more

Stocks hold firm as dollar dithers ahead of US data

Stocks hold firm as dollar dithers ahead of US data

LONDON, Nov 28 (Reuters) – Global stocks steadied on Tuesday, underpinned by the conviction among investors that the Federal Reserve will not raise rates again, which kept the dollar at three-month lows and supported gold above $2,000 an ounce. Traders will have to weigh up data this week on how the U.S. economy fared in … Read more

Stocks, bonds in euphoric mood, but dollar takes a beating

Stocks, bonds in euphoric mood, but dollar takes a beating

[1/2]A TV presenter gets ready for the daily reporting from the floor of the German share price index DAX at the stock exchange in Frankfurt, Germany, November 15, 2023. REUTERS/Staff/File Photo Acquire Licensing Rights Asian stock markets : Oil prices near four-month low after steep sell off Bonds rally as softer U.S. data hardens rate … Read more

Tencent says has Nvidia AI chip stockpile but seeking to buy domestic

Tencent says has Nvidia AI chip stockpile but seeking to buy domestic

[1/2]Tencent sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song/File photo Acquire Licensing Rights HONG KONG, Nov 15 (Reuters) – Chinese technology giant Tencent Holdings (0700.HK) on Wednesday said it has a large stockpile of AI chips from U.S. maker Nvidia (NVDA.O), but that broadened U.S. … Read more

Asia stocks jump as US inflation recedes, China data surprises

Asia stocks jump as US inflation recedes, China data surprises

A woman walks past a man examining an electronic board showing Japan’s Nikkei average and stock quotations outside a brokerage, in Tokyo, Japan, March 20, 2023. REUTERS/Androniki Christodoulou/File Photo Acquire Licensing Rights U.S. October CPI flat vs 0.1% rise expected Fed funds futures price in rate cuts by May JGBs surge as Japan economy contracts SINGAPORE, … Read more

HSBC to build large personal banking business in India – country CEO

HSBC to build large personal banking business in India – country CEO

HSBC Bank logo is seen in this illustration taken March 12, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights MUMBAI, Nov 9 (Reuters) – HSBC (HSBA.L) aims to further expand personal banking in India to serve the country’s fast-growing pool of high-earning professionals, after the launch there in July of its private bank, its India CEO … Read more

For global banks, India could soon be worth it

For global banks, India could soon be worth it

A man walks out of the Bombay Stock Exchange (BSE) building in Mumbai, India, January 3 2020. REUTERS/Francis Mascarenhas Acquire Licensing Rights BENGALURU, Nov 7 (Reuters Breakingviews) – Global banks’ CEOs have descended on Hong Kong for a financial leaders summit hosted by the city’s monetary authority but investment bankers based in the hub are … Read more

Dollar, yields rise, stocks fall after US consumer price data

Dollar, yields rise, stocks fall after US consumer price data

[1/3]Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing Rights U.S. stocks end lower as yields rise Dollar index jumps; U.S. oil prices down Middle East troubles remain in focus NEW YORK, Oct 12 (Reuters) – U.S. Treasury yields … Read more