New World’s Cheng family weighs capital injection, sources say
New World Development’s controlling shareholder, the billionaire Cheng family, is considering injecting capital into the debt-laden Hong Kong developer as early as the end...
Lagarde warns Trump’s Fed meddling poses ‘serious danger’ to world economy
The US Federal Reserve losing its independence would pose a “serious danger” to the world, according to European Central Bank (ECB) President Christine Lagarde....
Hedge funds boost options bets for yuan to strengthen past 7
Hedge funds are ramping up options wagers, signalling that the Chinese yuan’s rally against the US dollar still has room to run. Advertisement Their...
Hong Kong police inspector spared jail for running red light, causing injury
A Hong Kong court has spared a police inspector from jail for driving through a red light and causing serious injuries to a pedestrian...
Tesla sees exodus of South Korean retail investors as crypto’s allure rises
South Korea’s retail investors are losing faith in Tesla’s stock, ramping up their selling last month amid growing disillusionment with the electric carmaker and...
Why South Korea and Japan are turning against foreign homebuyers
Government measures to deter foreign buyers from purchasing residential properties are by no means the preserve of Asian economies. In February 2024, Canada extended...
French influence in Vietnam declines as Chinese language, culture gain ground
As Vietnam celebrates the 80th anniversary of its declaration of independence from colonial rule this week, French cultural influence remains ubiquitous, but not many...
Hong Kong’s crop of green bonds, ESG funds flourishes
Hong Kong was responsible for nearly half of the green bonds issued in Asia in 2024 and saw a surge in sustainability-related funds, as...
South Korea’s Samsung, SK Hynix stocks sag after US revokes China chip permits
Shares of Samsung Electronics and SK Hynix slid on Monday after the Trump administration decided to make it harder for the world’s largest memory...