Hong Kong-traded share of Chinese dual-listed companies are at their smallest discounts to their counterparts on the mainland in 15 months, reflecting the strong momentum in the city’s US$5.4 trillion equity market that has already entered a bull market. An index compiled by Hang Seng Indexes, which tracks the price difference between the mainland Chinese […]
Hong Kong Exchanges and Clearing (HKEX), which operates Asia’s third-largest stock market, has named former Securities and Futures Commission (SFC) chairman Carlson Tong Ka-shing, a veteran accountant and market regulator, as its new chairman. Tong was elected by the board on Wednesday to succeed Laura Cha Shih May-lung, who retires after a six-year term. Source: […]
May 17 (Reuters) – U.S. equity funds attracted significant inflows in the seven days to May 15, fuelled by expectations of Federal Reserve rate cuts following subdued U.S. jobs data and a softer-than-anticipated inflation reading. Investors pumped a net $5.78 billion into U.S. equity funds, the most in a week since March 20, data from LSEG showed. U.S. […]
May 19 (Reuters) – The Federal Reserve and two other U.S. regulators are moving toward a new plan that would significantly reduce a nearly 20% mandated increase in capital for the country’s biggest banks following lobbying efforts by industry CEOs like JPMorgan Chase’s (JPM.N), opens new tab Jamie Dimon, the Wall Street Journal reported on Sunday. Required […]
SINGAPORE/HONG KONG, May 20 (Reuters) – Asia-Pacific investment firm PAG said on Monday it had raised $550 million for its first renewable energy fund, which focuses on investments in physical assets in Asia and includes solar power in Japan as its primary target. PAG, which manages more than $55 billion of capital ranging from private […]
May 17 (Reuters) – Global equity funds experienced strong demand for the third consecutive week, in the seven days to May 15, bolstered by a softer U.S. jobs report and lower-than-expected inflation figures, which increased expectations that the Federal Reserve may begin cutting rates this year. Investors purchased a net $10.27 billion worth of global equity funds during […]
Aflac AFL -0.39%decrease; red down pointing triangle is acquiring a 40% stake in Tree Line Capital Partners, a private-credit shop focused on lending to small and medium-size companies, according to people familiar with the matter. The details The insurance giant is paying about $100 million for the stake, the people said. Aflac is buying existing shares in the […]
WASHINGTON—The Supreme Court on Thursday rejected a conservative-backed challenge that could have dismantled the Consumer Financial Protection Bureau, ruling that Congress had authority to insulate the agency’s funding stream from political interference. Justice Clarence Thomas, writing for a 7-2 court, said that Congress has wide discretion in structuring the way federal agencies are funded. Source: REUTER
MADRID, May 17 (Reuters) – Euro zone price pressures continue to ease, giving European Central Bank policymakers increased confidence inflation will ease back to target next year, ECB Vice-President Luis de Guindos said on Friday. “Headline inflation is there at 2.4%, core inflation below 3%. We believe that in the coming months inflation will fluctuate […]
SYDNEY, May 16 (Reuters) – Anglo American (AAL.L), opens new tab has suspended hiring globally, it said on Thursday, as it gets plans underway to simplify itself and build value – and avert a $43 billion takeover bid by Australia’s BHP (BHP.AX), opens new tab Group. Anglo laid out plans on Tuesday to refocus its company on energy transition metal copper […]