Stocks rally in Hong Kong and mainland China amid market intervention and regulatory measures
Stocks in Hong Kong and mainland China soared on Tuesday, with Hong Kong’s Hang Seng Index recording its biggest gain in six months and mainland [more…]
Category: Investing & Markets
Reserve Bank of Australia holds interest rates
Australia’s central bank, the Reserve Bank of Australia (RBA), announced on Tuesday that it would maintain its benchmark interest rate at a 12-year high of [more…]
UK services sector grows strongly, while France and Germany face challenges
In January, Britain’s services sector experienced robust expansion, marking its fastest growth in eight months, according to the S&P Global UK Services Purchasing Managers’ Index [more…]
McDonald’s reports mixed quarterly results
McDonald’s Corporation faced mixed results in its quarterly report, with turmoil in the Middle East impacting its sales in those markets. The fast-food giant’s shares [more…]
Singapore’s manufacturing sector grows for the fifth consecutive month, reaching a two-year high
Singapore’s manufacturing sector continued its growth streak for the fifth consecutive month, reaching its highest level in just over two years, according to the latest [more…]
Thailand’s SEC embraces crypto with new regulations
Thailand’s Securities and Exchange Commission is making strides toward embracing cryptocurrencies with its latest regulatory updates. In a move to foster growth and innovation in [more…]
CEO Mark Zuckerberg’s ‘Year of Efficiency’ pays off as Meta doubles operating margin and slashes expenses
Shares of Meta surged on Friday following the release of its fourth-quarter earnings report, which showed a significant increase in profit and the announcement of [more…]
Amer Sports IPO debut on NYSE with 5% jump
Amer Sports, the Finnish athletic company known for brands like Wilson tennis rackets and Arc’teryx, made its debut on the public markets with a 5% [more…]
Hong Kong banks keep prime rates steady with HKMA decision
In a move aimed at providing stability amidst economic challenges, major banks in Hong Kong have announced that they will keep their prime lending rates [more…]
MediaTek’s 2023 revenue hits NT$433.4 billion, expects growth despite global uncertainties
Taiwanese fabless chipmaker MediaTek has announced its consolidated revenue for the year 2023, reporting NT$433.4 billion (US$13.82 billion) in revenue. The company’s gross profit for [more…]