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Hong Kong stocks end at near 1-yr high on capital inflows from mainland
Hong Kong shares closed at a near one-year high on Tuesday, underpinned by continued capital inflows from mainland.
Philippine mobile wallet gets US$175mil capital
MANILA: Philippine mobile wallet GCash has raised more than US$175mil in capital from New York-based private equity fund Bow Wave Capital Management, the financial technology arm of Globe Telecom Inc said.
China telcos rally as mainland funds buy record HK stocks
HONG KONG: Having slumped under the weight of a U.S. executive order, China’s three major telecommunications companies are on the rebound in Hong Kong -- supported by mainland cash.
Dentsu Malaysia appoints Dheeraj Raina as media CEO
KUALA LUMPUR: Dentsu Malaysia (formerly Dentsu Aegis Network) has announced the appointment of Dheeraj Raina as media CEO.
Reversals by NYSE harm image of financial hub
BEIJING: The New York Stock Exchange’s two reversals within a week over its decision to delist three Chinese telecom companies highlight the randomness and uncertainty of the United States’ rules and regulations, and harm its image as a global financial hub, officials and experts said yesterday.
Shares inch lower as losses in IT services stocks weigh
BENGALURU: Indian shares ended slightly lower yesterday, as gains in telecom operator Bharti Airtel and lender Axis Bank were offset by losses in IT services stocks, a day before IT major Tata Consultancy Services kicks off third-quarter earnings season.
Democrat Senate win drives stocks higher, bonds lower
SINGAPORE: Bonds nursed losses while stocks and commodities gained on Thursday in anticipation of a big borrowing and big spending Democrat administration driving growth, following runoff elections that gave the party control of U.S. Congress.
Cautious start for Bursa as Tenaga, banks weigh
KUALA LUMPUR: Bursa Malaysia started Wednesday on a cautious note after two days of volatility, with Tenaga Nasional, IHH Healthcare, Hong Leong Bank and Public Bank weighing on the FBM KLCI.
NYSE will not delist shares of three telcos
NEW YORK: The New York Stock Exchange (NYSE) will no longer intend to move forward with the delisting of three Chinese telecommunication companies’ shares, according to the NYSE.
