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HONG KONG: The veteran JPMorgan Chase & Co banker who’s taking the helm at Hong Kong’s exchange has been put on clean-up duty.
SINGAPORE: Cryptocurrencies fought to find a footing on Monday after even weekend cheerleading from Tesla boss Elon Musk seemed unable offset selling pressure from spooked investors or nerves stemming from a gathering crackdown on the asset class in China.
BACK in February, as the world was beating a path to Taiwan’s door for help to tackle a shortage of semiconductors, the health minister got into a scrap with China over Covid-19 vaccines.
BEIJING: The Chinese central government delivered more than 2.5 trillion yuan (US$389bil or RM1.6 trillion) of directly funnelled fiscal funds to primary-level governments in the first four months through a normalised transfer mechanism to support employment, people’s basic needs and market entities, officials said.
HIT again with lockdowns from this new Covid-19 variant, the retail, hotel and travel sectors are struggling to sustain.
CHANGCHUN: Sino-German joint venture FAW-Volkswagen continues to hold a leading position in the world’s largest auto market and eyes a rosy future.
SINGAPORE: A small army of about 380 construction workers should be hammering away as the luxury condominium Meyer House nears completion, but the shortfall in foreign labour has left the site with just 230 men on the job.
NEW YORK/LONDON: Bitcoin extended losses on Friday afternoon, falling more than 11% after China doubled down on efforts to prevent speculative and financial risks by cracking down on mining and trading of the largest cryptocurrency.
WHILE digital banking seems like an exciting venture, it is a challenging business and there is no certainty that any licence holder will make a profitable venture out of it.