The Financial Stability Board urged authorities to strengthen emergency funding for failing banks, finding fewer than half of jurisdictions have clearly defined and deployable arrangements. The review follows the 2023 banking turmoil and the Credit Suisse collapse, recommending pre-identified public
Dan Ivascyn of Pimco told the Financial Times the US 10-year Treasury yield could reach 6 per cent for the first time since 2000, driven by high oil prices, inflation fears and growing public debt. The yield has risen nearly 120 basis points this year and was last above 5.34 per cent.
SFC CEO Dora Liang says Hong Kong stock market daily turnover exceeded HK$270 billion this year, up about 160 per cent from 2023, reflecting effective liquidity-boosting measures. The city is advancing reforms including a T+1 settlement cycle and narrower trading spreads.
Asia-focused investment firm PAG is in exclusive talks to acquire a majority stake in Evergrande Property Services, a unit of debt-laden developer China Evergrande Group. Sources say PAG is the selected bidder, with an exclusivity period ending on October 27.
US regulators fined American Express US$350 million for an insufficient anti-money laundering programme, saying the lender missed reporting roughly US$13 billion in suspicious activity over a decade. The Office of the Comptroller of the Currency and the Federal Reserve announced the action on Thursd
Hong Kong's securities regulator says extended trading hours will first apply to derivatives, helping investors respond to global markets. The bourse will issue a consultation paper this quarter on extending cash market trading. Other measures include tokenised money and digital Hong Kong dollar set
Meta, owner of Facebook and Instagram, has banned advertisements from TikTok's parent company ByteDance on its platforms in the US, Canada, Egypt, Indonesia, Japan, Thailand and Vietnam. The ban takes effect immediately and also applies to third-party advertisers promoting ByteDance properties.
St. Louis Fed President Musalem says the U.S. central bank needs to raise interest rates again to bring inflation back to 2% in a timely manner, possibly within 18 months. He notes financial conditions remain loose despite higher Treasury yields.
US stocks ended mixed on Thursday, with chip stocks falling after a report said OpenAI's annualised revenue was US$20 billion lower than previously suggested. The Dow Jones rose 0.1 per cent, while the Nasdaq fell 1.3 per cent.
Starbucks has explored a takeover of Chipotle Mexican Grill, according to the Financial Times, a move that would reunite Chief Executive Brian Niccol with the burrito chain. Analysts caution the deal could be costly for Starbucks, which is investing heavily in a turnaround.
Chinese Commerce Minister Wang Wentao met European Trade Commissioner Maros Sefcovic in Beijing on Thursday for two days of talks aimed at reducing the EU's growing trade deficit with China, which exceeds 1 billion euros a day.
US weekly jobless claims slipped to 197,000, holding near 57-year lows for a fourth straight week. Economists describe a 'low-hire, low-fire' market, with layoffs minimal but hiring weak, complicating job searches. Fed officials view the labor market as stable, with a rate hike expected in December.
Bank of England Governor Andrew Bailey said governments must show credible plans to repair public finances as global bond markets face pressure from high debt and rising inflation. He warned that bond markets have become more brittle and that commitments to rein in debt are needed more than ever dur
US stocks opened lower on Thursday as oil prices surged and Treasury yields hovered near multi-year highs, stoking inflation worries ahead of an earnings season. The Dow fell 0.35 per cent, the S&P 500 dropped 0.37 per cent and the Nasdaq declined 0.49 per cent at the opening bell.
Sanegene Bio, a clinical-stage Chinese biotech firm focused on RNA interference therapeutics, plans a Hong Kong IPO next year that could raise several hundred million US dollars. It has confidentially filed for the deal, with Morgan Stanley and CICC as joint sponsors.
CITIC Bank International predicts US 10-year Treasury yields could rise to 5.5 per cent this quarter amid sustained selling of US and European bonds. The bank also forecasts Hong Kong's best lending rate may rise twice this year, while home prices could fall 2 per cent in the quarter.
Brake pedal brackets on three Huawei-JAC Zunjie V800 electric vehicles snapped during emergency braking tests, causing JAC Motors shares to plunge 10.01% and wiping out HK$7.26 billion in market value. The automaker says it is monitoring the situation, while Huawei has not commented.
Hong Kong regulators have issued a joint statement addressing the rising number of listed issuers with going concern disclaimers, rising from 12 in 2017 to 95 in 2025. They clarified expectations for management, audit committees and auditors, warning of possible Listing Rules amendments if improveme
Federal Reserve Governor Christopher Waller said on Thursday additional rate hikes will likely be needed to lower inflation to the 2 per cent target, but added there is 'flexibility' about the pace, leaving the door open for a pause at the October meeting. He cited a strengthening economy, an unreso
The Hong Kong Trade Development Council will launch a ‘Global Connect’ zone at its International Eco Expo from 26 October, helping mainland green-tech firms access international markets via Hong Kong professional services. Over 340 exhibitors from 16 countries are expected, with first-time participa
Hong Kong shares fell 344 points, or 1.4 per cent, to close at 23,785, a three-month low, dragged by financial and artificial-intelligence related stocks. The technology index dropped nearly 2.9 per cent, while turnover jumped to about HK$207 billion as mainland markets resumed trading after the Nat
Chinese mainland stock markets fell on their return from the National Day holiday, with the Shanghai composite index hitting a two-month closing low. AI hardware stocks led declines, while banks and energy shares rose.
Hong Kong’s Bar Leone has been named The World’s Best Bar for 2026, retaining the title it won in 2025. Co-founded by Lorenzo Antinori, the venue also took the Best Bar in Asia crown for a second consecutive year.
Fast Retailing, owner of Uniqlo, posted a 32% rise in annual operating profit to ¥743.13bn, beating forecasts, driven by strong global demand. The company forecast higher profit next year but warned a weak yen and higher import costs would weigh on Japan.
AIA Alta, AIA Hong Kong & Macau's high-net-worth proposition, has announced an exclusive partnership with Chi Longevity Singapore to launch a longevity centre in Hong Kong later this year. Eligible customers will access evidence-based longevity science solutions for healthy ageing.
TSMC reported record third-quarter revenue of NT$1.49 trillion (HK$366.65 billion), up 50 per cent year-on-year and above market forecasts, driven by surging demand for artificial intelligence applications. The company, Asia's most valuable listed firm, will report full earnings next week.
In September, Hong Kong saw 3,778 new pre-sale consent applications, a 2.4-fold jump month-on-month, driven by a single Fanling project. Analysts say developers are prioritizing completed or near-completed projects for launch, with pricing expected to stay competitive.
Shanghai Biren Technology shares fell 6 per cent after the AI chipmaker announced a HK$4 billion share sale, its second fundraising in three months. The company is selling 130 million H shares at HK$31.08 each, a near 10 per cent discount to the last close.
China's onshore yuan traded steady on Thursday as mainland markets reopened after the Golden Week holiday. The offshore yuan strengthened during the break despite a strong dollar, with analysts suggesting the yuan's appreciation trend remains intact.
Samsung Electronics projected a record quarterly operating profit of 107.4 trillion won (US$80.17 billion), a nearly nine-fold jump, driven by booming AI chip demand. The company cited tight memory supply and expects the imbalance to persist into 2028, though risks from Chinese competition and US ta
The Hang Seng Index fell 56 points, or 0.2 per cent, to 24,074 points in early trading on Thursday, while the Hang Seng Tech Index dropped 1.8 per cent. Regional markets were mixed, with Japan and South Korea down, but European and US futures showed little change.
US 10-year and 30-year Treasury yields hit 24-year highs before retreating after a strong $39 billion bond auction. The dollar index rose above 102 and held gains after the Fed minutes, while the euro and pound fell.
Minutes from the US Federal Reserve's September meeting reveal divisions over the reasoning for a quarter-point rate hike. Some saw it as insurance against persistent inflation, while others viewed it as necessary to counter demand-driven pressures. The debate sets up a contentious October meeting.
Webull shares fell over 18 per cent after CNBC reported a US House panel found the trading platform structurally tied to China's government, with analysts citing regulatory uncertainty.
The International Energy Agency and European Union are discussing a proposal to release oil and diesel stocks amid record diesel prices driven by war and refinery damage. G7 countries agreed on Friday to release 100 million barrels, though analysts say much of this may complete a prior March release
Wall Street's main indexes opened lower on Wednesday as rising Treasury yields and oil prices kept investors cautious ahead of the release of the Federal Reserve's September meeting minutes.
The yield on the US 30-year bond hit a fresh 24-year high of 5.7041 per cent on Wednesday, as a global bond selloff resumed amid inflation and fiscal worries. Traders awaited Treasury auctions later in the week to test appetite for US debt.
Cosmetics retailer Sasa announced that its offline sales in Hong Kong and Macau rose over 60 per cent year-on-year during the National Day holiday. The group also posted a 37 per cent increase in total turnover for the last quarter, driven by strong offline growth.
Anta Sports has completed a €1.5055bn cash deal to buy a 29.06% stake in Puma from Artémis, becoming the largest shareholder. The move is part of Anta's global strategy to boost its influence in the sports goods market. Anta says it has no plans to launch a takeover offer for Puma.
Citi has been ranked the top global underwriter for initial public offerings year to date, with a 6.78 per cent market share as of 7 October, according to Bloomberg data.
Hong Kong's Securities and Futures Commission will implement revised rules for retail funds from next month, including a new value-at-risk calculation method and updated liquidity risk management standards, to align with international norms and enhance investor protection.
Hang Seng Indexes will implement six revisions to its technology index methodology following a market consultation where each proposal received over 80% support. Changes include expanding tech themes, introducing a group stock selection mechanism, and increasing constituent stocks from 30 to 50.
New World Development reports K11 MUSEA's tourist spending rose 26 per cent year-on-year during the National Day Golden Week, with record foot traffic. Jewellery and watches drove high-value sales, while sportswear member spending surged nearly threefold.
Gold prices fell nearly 1 per cent on 7 October as the US dollar strengthened. Investors awaited US Federal Reserve minutes for clarity on rate-hike support. Market expectations for a December hike stood at 86 per cent, though a softer jobs report led most to expect no move in October.
Workers at a Micron Technology plant in Taiwan have voted to strike after talks over bonus reforms collapsed. The union seeks a one-off bonus of 83 months' salary and a permanent profit-sharing system allocating 15 per cent of operating profits to workers.
Jiangsu Slender West Lake Culture and Tourism, a Yangzhou-based state-owned water tourism firm, passed its Hong Kong listing hearing on 7 October. The company plans to use proceeds for a water-based immersive project and boat upgrades. Its net profit fell 5.3 per cent in the first half.
Shenzhen Transsion, Africa's largest phone seller, has started bookbuilding for its Hong Kong share sale, aiming to raise HK$3.36 billion. The company plans to list on October 15, with proceeds earmarked for AI research and other areas.
Emmanuel Moulin, head of the Bank of France, said on Wednesday that France does not currently need European Central Bank intervention despite serious economic conditions. He argued the solution lies in passing a budget to cut the deficit, as borrowing costs surge and the euro selloff continues.
India's central bank raised its benchmark repo rate by 25 basis points to 5.5 per cent, the first hike in nearly four years, and shifted its policy stance to 'gradual tightening' as inflation stayed above target.
