Business

Gold Flows to Hong Kong Hit Decade-High Before Clearing Launch

Hong Kong’s imports of gold surged to the most since late-2014 in June, driven by preparations for the city’s recently-launched clearing system as well as solid demand from mainland China.

HongKong Land CFO on 1H26 Results

Craig Beattie, CFO of commerical property firm HongKong Land, discusses the company's 11% rise in underlying profit for the first six months of the year, and discusses its outlook and strategy for growth. He speaks exclusively with Haidi…

US Fed expected to hold rates steady as inflation hawks circle

Meta's Zuckerberg says US should not block Chinese AI models, FT reports

Meta's Zuckerberg warns against curbs on Chinese AI models, FT reports

Alternative-fuel vehicles account for 40% of car sales; EV demand surges amid higher fuel prices

Indian IT Stocks Stage a Comeback as Global AI Trade Falters

The Nifty IT Index’s correlation with the Philadelphia Semiconductor Index has fallen to its lowest level since 2018.

Ministry panel recommends 4.9% minimum wage boost, supporting BOJ rate hike path

The new wage floor, which would apply to over 50 million workers, is expected to gradually take effect starting in October.

Hynix's Future Earnings to Pick Up, CLSA's Rana Says

Sanjeev Rana, head of research at CLSA Securities Korea, believes Hynix's earnings miss was the result of a weak product mix in the second quarter, and he expects "sequential earnings improvement." Meanwhile, KB Financial Group Global…

Nationwide iPhone scam probe widens

ISLAMABAD: The Federal Tax Ombudsman (FTO) has detected what it termed an organised scam involving the import and clearance of an iPhone 16 and directed the Federal Board of Revenue (FBR) to investigate the alleged role of FedEx, Customs…

Japan Earthquake Leaves 13 Dead

Rescuers continued the hunt for survivors in the ruins of a shopping mall on the southwestern island of Kyushu on Wednesday, after a major earthquake in which 13 people have been confirmed dead so far. (Source: Bloomberg)

Trump’s diversity crackdown reverberates through U.S. boardrooms

Appointments of women ⁠and racial minorities to S&P 500 boards have dropped to their lowest level in more than a decade.