Hong Kong and wealth management: a changing landscape
We analyze Hong Kong’s evolving role as a financial hub as well as women’s role in reshaping the wealth management industry.
UK Regulator will Consider Criteria for Naming and Shaming Companies
LONDON, May 8 Reuters The Financial Conduct Authority FCA said on Wednesday it would consider the criteria for naming a company under investigation as its top officials defended a controversial proposal criticised for risking damaging Britain39;s competitiveness. Grilled by the crossparty Treasury Committee of lawmakers, FCA Chair Ashley Alder said the regulator had not expected […]
Economy Scars Voters in RunUp to EU Election
Europe skirts a deep recession but livelihoods hurt Poverty, social exclusion on the rise Radical right seek to erode mainstream vote DUNKIRK, France, May 9 Reuters The northern French port of Dunkirk, riding an industrial miniboom thanks to a statebacked investment push, is a showcase for President Emmanuel Macron39;s belief that fighting unemployment is the […]
Indias 202324 Fiscal Deficit seen Slightly Better than Projected, Source
NEW DELHI, May 9 Reuters India39;s fiscal deficit for the year ending March 2024 is expected to be slightly better than the government39;s projection of 17.35 trillion rupees 207.81 billion, a government source told Reuters on Thursday. Extra tax receipts and some nontax revenues helped in bettering the fiscal deficit target, the government source, who […]
Chinas Exports and Imports Return to Growth, Signalling Demand Recovery
China39;s April exports meet forecasts, imports handily top expectations Trade upturn suggests welcome demand recovery at home and abroad But analysts sceptical about strength of both exports, import growth China39;s industrial overcapacity problematic for factories, they say BEIJING, May 9 Reuters China39;s exports and imports returned to growth in April after contracting in the previous […]
US Overtakes China as Germanys Top Trading Partner
BERLIN, May 9 Reuters The United States overtook China as Germany39;s most important trading partner in the first quarter of this year, according to Reuters39; calculations based on official data from the German statistics office. Germany39;s trade with the United States exports and imports combined totalled 63 billion euros 68 billion from January to March, […]
BOE Calm before Storm, BTC Falls, Gold in Consolidation
Previous Trading Days Events 08.05.2024 Winners vs Losers Silver XAGUSD is on top of the weeks list and month with a 4.16 weekly performance which is followed by the JPY pairs. Two possible interventions took place last week, Monday and Thursday, causing JPY strengthening and bringing down the pairs JPY as Quote. Since the 3rd […]
Indian Shares Dragged Lower by LTs Slide, High Volatility
BENGALURU, May 9 Reuters Indian shares dropped on Thursday due to a slide in Larsen and Toubro LT after its disappointing revenue outlook, and amid persistently elevated volatility on jitters over the outcome of the ongoing national elections. The bluechip NSE Nifty 50 fell 0.46 to 22,200 as of 1018 a.m. IST, while SP BSE Sensex shed […]
Sterling Slips ahead of BoE Rate Decision
LONDON, May 9 Reuters Sterling edged lower against the dollar on Thursday ahead of a Bank of England policy meeting, with the central bank expected to hold rates steady but flag when it intends to lower the cost of borrowing. According to LSEG data, money markets are pricing in an almost 95 chance that the BoE will […]
British Equities Waver ahead of BoE Rate Decision
FTSE 100 up 0.1, FTSE 250 flat HSBC Holdings trading exdividend, shares down 3i Group down after annual total return fall BoE39;s rate decision at 1100 GMT May 9 Reuters London stocks struggled for direction on Thursday as investors turned cautious ahead of the Bank of England39;s interest rate decision later in the day, while […]