By Selena Li and Lawrence White HONG KONG/LONDON (Reuters) -HSBC Holdings reported a record annual profit, that nonetheless came in below analysts\' forecasts as the income boost from higher interest rates was offset by a hefty $3 billion charge from its stake in a Chinese bank. HSBC, which has a market value of $160 billion,...
The Malaysia stock market has climbed higher in back-to-back sessions, gathering almost 10 points or 0.6 percent along the way. The Kuala Lumpur Composite Index now rests just beneath the 1,670-point plateau although it may be stuck in neutral on Monday. The global forecast for the Asian markets is soft, with profit taking likely on...
Robert Kiyosaki, known for his pro-crypto stance, believes Bitcoin is about to take off and enter what some call the “Banana Zone.” The “Rich Dad Poor Dad” author explained his optimism about the asset’s future in an X post on Wednesday. His enthusiasm stems from former Goldman Sachs hedge fund manager Raoul Pal’s forecast, pointing...
After opening marginally higher, the Canadian market advanced further, and with several stocks holding gains, remains firmly placed in positive territory in early afternoon trades on Thursday. Investors are mostly reacting to quarter earnings updates. Shares from materials, communications and energy sectors are among the prominent gainers. The benchmark S&P/TSX Composite Index was up 107.98...
Kian Santang Muliatama Tbk (RGAS)andPT Perusahaan Gas Negara Tbk (PGAS) have collaborated to work on gas network construction project with a contract value of ID 29.5 billion. The project is located in Central Java and Yogyakarta, and will take 2 years to be completed. “This project is our initial phase of synergy with PGN to...
JAKARTA. PT Golden Westindo Arta Jaya Tbk (GWAA) announced the postponement of its initial public offering (IPO), which is initially scheduled from September 27 to October 1, 2024. Prior to this, GWAA had conducted the book building on September 10-18, 2024. In this stage, the number of shares offered by GWAA is 685.71 million shares,...
The Bitcoin and Ethereum exchange-traded funds (ETFs) newly issued by China Asset Management Co. provide new investment channels for Chinese currency holders. In an interview with Bloomberg, China AMC CEO Yimei Li stated that these ETFs represent a significant milestone in making cryptocurrency investments more accessible to mainland Chinese investors. Chinese RMB Trading Counter for...
Indian shares opened in the red on Friday as hotter-than-expected U.S. producer price data dented hopes for an imminent rate cut by the Federal Reserve. The benchmark S&P BSE Sensex was down 340 points, or half a percent, at 72,755 in early trade, while the broader NSE Nifty index was down 105 points, or half...
By Aditya Kalra, Dawn Chmielewski and Munsif Vengattil NEW DELHI/LOS ANGELES (Reuters) -India\'s top conglomerate Reliance Industries and Walt Disney (NYSE:DIS) on Wednesday announced the merger of their India TV and streaming media assets, creating an $8.5 billion entertainment juggernaut far ahead of rivals in the world\'s most populous nation. Reliance, led by Asia\'s richest...
China\'s faster-than-expected exports growth underpinned by strong global demand for auto and semiconductors and an unexpected fall in imports took the trade surplus to a record high, official data showed on Friday. Exports posted an annual growth of 8.6 percent in June after rising 7.6 percent in May, the General Administration of Customs said. Shipments...