THE first Hong Kong exchange-traded funds (ETFs) investing directly in crypto have so far failed to spark the kind of excitement that greeted rival US products, a blow for the city’s push to foster a preeminent digital-asset hub.
SEVERAL Federal Reserve officials said the central bank should keep borrowing costs high for longer as policymakers await more evidence inflation is easing, suggesting they are not in a rush to cut interest rates.
PING An Insurance Group is weighing options that would allow it to reduce its 8 per cent stake in HSBC Holdings, according to people familiar with the matter.
NIPPON Life Insurance has agreed to acquire a 20 per cent stake in Corebridge Financial for about US$3.8 billion in cash, marking its biggest-ever deal as it seeks a foothold in the US.
ACTIVISTS disrupted Lloyds Banking Group’s annual shareholder meeting in Glasgow on Thursday (May 16), protesting against its alleged provision of financial services to defence firms linked to violence in the Middle East.
BIG investors in Deutsche Bank vented their frustration at Germany’s top lender on Thursday (May 16), describing problems at its Postbank business as a trust-damaging embarrassment.
SU JIANFENG, one of the 10 foreign nationals embroiled in Singapore’s largest money laundering case, was handed six new forgery and fraud charges on Thursday (May 16).
VISA is rolling out new technology that will allow the payments giant to share more information about customers’ preferences based on their shopping history with retailers as it seeks to remain a top player in the competitive e-commerce space.
