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HONG KONG wants to send a clear message to its residents and the world: its currency peg isn’t in doubt, despite the city being increasingly caught up in tensions between Beijing and Washington.
KUALA LUMPUR: The FBM KLCI ended the morning session at 1,550 points as the risk appetite continued to grow amid improving investor sentiment.
KUALA LUMPUR: The ringgit eases against the US dollar in the early session today on mild profit taking following the local note’s three straight days of gains.
TOKYO: The euro held near multi-month highs against rival majors Thursday on expectations the European Central Bank will expand its bond buying programme later in the day to shore up the coronavirus-stricken economy.
NEW YORK: Stronger appetite for riskier assets is set to lift Asian equities on Thursday, as government stimulus expectations support investor confidence in an economic recovery from the coronavirus.
JEJU: In a workshop that blends a corporate office with a tool-packed garage, around 20 South Koreans are looking to take on the multi-billion-dollar giants of Uber, Tesla and Google parent Alphabet with a self-driving car of their own.
STOCKHOLM: A Swedish hedge fund called Volt Capital Management AB has run circles around its own return target by relying on a form of artificial intelligence (AI) it says is unique.
BEIJING (Reuters): China lodged stern representations with the United Kingdom on Wednesday (June 3) over its foreign secretary's remarks on Hong Kong.
HONG KONG (Reuters) - Some global companies are considering shifting some of their treasury operations out of Hong Kong as the United States moves to end the city's privileges, senior bankers said, in the latest blow to the territory's status as a major financial hub.
SHANGHAI: China stocks pared earlier gains to end roughly flat on Wednesday, as worries persisted over the ongoing Sino-U.S. tensions.