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Hong Kong’s multimillionaire population hit record high last year even as its economy had its worst recession on record
About 515,000 people are estimated to have US$1.28 million each in total assets last year, up from 413,000 in 2019, according to Citibank’s Hong Kong Affluent Study 2020As governments took measures to save economies, many investment instruments appreciated in value, generating gains for investors, lender’s head of retail banking says
Hong Kong’s multimillionaire population hit record high last year even as its economy had its worst recession on record
About 515,000 people are estimated to have US$1.28 million each in total assets last year, up from 413,000 in 2019, according to Citibank’s Hong Kong Affluent Study 2020As governments took measures to save economies, many investment instruments appreciated in value, generating gains for investors, lender’s head of retail banking says
Asian markets mostly down but optimism remains in place
HONG KONG (AFP): Most Asian markets retreated Friday (April 9) as traders took their foot off the pedal ahead of a much-anticipated earnings season, while an increasingly confident mood on trading floors has analysts predicting the global equities rally still has legs.
Oil price flat as weaker dollar offsets coronavirus demand worries
NEW YORK: Oil prices were little changed on Thursday as a falling dollar and rising stock markets offset earlier declines caused by a big increase in U.S. gasoline stockpiles and subdued demand compared with pre-pandemic levels.
GLOBAL MARKETS-Tech rally leads S&P to record high as Treasury yields dip, dollar softens
NEW YORK: A tech rally pushed the S&P 500 to an all-time closing high on Thursday and Treasury yields extended their pull-back from recent peaks as market participants digested the U.S. Federal Reserve's vow to stay the course with its dovish monetary policy.
Cops arrest man for allegedly robbing women at knife-point in Bangi
KAJANG: The police have arrested a man who allegedly robbed two women at self-service laundromats in Bangi here on Monday (April 5).
Jiao Zong reaches out to dispel ‘racist’ label
Educationist group United Chinese School Teachers’ Association (Jiao Zong) recently set up an inter-ethnic outreach committee to foster better interracial cooperation and to stop others from calling it a “racist” organisation, reported Sin Chew Daily.
The Week Ahead - Jobless rate, inflation data, monetary policy, China data,
THIS week will see the release of industrial production index (IPI) figures for February and the manufacturing sales value. Unemployment rate data is also due on Thursday.
