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Category: HK Business

Evergrande, Kaisa Cut by Fitch to ‘Default’ After Missed Payment Deadlines

December 9, 2021 admin

China China Business & Economy China Evergrande Group debt default HK Business Hong Kong Kaisa Group

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HONG KONG/LONDON—Ratings agency Fitch downgraded property developers China Evergrande Group and Kaisa Group on Thursday, saying they had defaulted on offshore bonds, while a source said Kaisa had started to work on restructuring its $12 billion offshore debt. The downgrades to so-called “restricted default” status come even though Evergrande and Kaisa have not officially announced…

Global Stocks Higher as Investors Await US Inflation

December 9, 2021 admin 0 Comment

BEIJING—Global stocks were mostly higher Thursday as investors waited for U.S. inflation data that might influence the Federal Reserve’s decision on when to roll back economic stimulus. London and Frankfurt opened higher while Tokyo declined. Shanghai, Hong Kong, and Seoul also advanced. Wall Street futures were lower after stocks rose for a third day Wednesday…

World Shares Mostly Higher as Virus Fears Ease

December 8, 2021 admin 0 Comment

BANGKOK—Stocks advanced Wednesday in Asia after another broad rally on Wall Street as investors wagered that the new variant of the COVID-19 virus won’t pose a big threat to the economy. Shares rose in Paris, London, Tokyo, and Shanghai but fell in Frankfurt as Germany’s parliament elected Olaf Scholz as the country’s ninth post-World War…

Global Stocks Follow Wall Street Higher as Virus Fears Ease

December 7, 2021 admin 0 Comment

BEIJING—Global stock markets followed Wall Street higher Tuesday as anxiety about the coronavirus’s latest variant eased and China reported stronger November trade figures than expected. London and Frankfurt opened higher. Shanghai, Tokyo, and Hong Kong advanced. Oil prices rose more than $1 a barrel for a second day. Wall Street futures were higher after the…

Didi’s New York Exit a Further Blow to Chinese Listings in US

December 7, 2021 admin

Business & Economy China China Business & Economy Companies Didi HK Business Hong Kong Markets New York Stock Exchange U.S. government

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Business & Economy China China Business & Economy Companies Didi HK Business Hong Kong Markets New York Stock Exchange U.S. government

HONG KONG/SINGAPORE—Ride-hailing giant Didi Global’s plan to withdraw from the New York stock exchange may create an even deeper chill after this year’s drop-off in Chinese firms’ listings in the world’s most liquid market, bankers and advisers said. Chinese listings in the United States have fallen sharply since Didi debuted in New York on June…

Didi’s New York Exit a Further Blow to Chinese Listings in US: Bankers and Advisers

December 7, 2021 admin

Business & Economy China China Business & Economy Companies Didi HK Business Hong Kong Markets New York Stock Exchange U.S. government

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Business & Economy China China Business & Economy Companies Didi HK Business Hong Kong Markets New York Stock Exchange U.S. government

Alibaba Appoints New CFO, Reshuffles E-commerce Businesses

December 6, 2021 admin

Alibaba Business & Economy businesses CFO China China Business & Economy Companies e-commerce economic policies economy HK Business Hong Kong Maggie Wu Markets technology Toby Xu

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Alibaba Business & Economy businesses CFO China China Business & Economy Companies e-commerce economic policies Economy HK Business Hong Kong Maggie Wu Markets technology Toby Xu

HONG KONG—China’s largest e-commerce group Alibaba said Monday it is appointing a new chief financial officer and reorganizing its e-commerce businesses amid a regulatory crackdown in the technology industry. The company said in a statement Monday that Toby Xu will succeed Maggie Wu as its new CFO from April 1, 2022. Xu joined Alibaba from…

World Shares Mixed Amid Troubles for Chinese Property Sector

December 6, 2021 admin 0 Comment

BANGKOK—European shares and U.S. futures rose Monday after a lackluster day in Asia, where shares fell in Hong Kong and Shanghai after troubled Chinese property developer Evergrande warned it may run out of money. Moving to reassure investors and keep growth from stalling, China’s central bank cut the amount of funds banks are required to…

World Shares Mostly Higher After Broad Rally on Wall Street

December 3, 2021 admin 0 Comment

BANGKOK—Stocks were mostly higher in Europe and Asia after a broad rally on Wall Street as investors awaited U.S. employment and other data due out Friday. Concerns over the spread of the new coronavirus variant and measures governments are taking to restrain it remained, but appeared to have been assuaged by reports that its symptoms…

Global Markets Mixed After Wall Street Decline, Virus Unease

December 2, 2021 admin 0 Comment

BEIJING—Global stocks and Wall Street futures were mixed Thursday as traders tried to figure out the potential impact of the latest coronavirus variant. London and Frankfurt opened lower and Shanghai and Tokyo fell. Hong Kong advanced. It is unclear whether omicron is more dangerous than other variants. But governments have responded by tightening travel controls….

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Category: HK Business

Evergrande, Kaisa Cut by Fitch to ‘Default’ After Missed Payment Deadlines

Global Stocks Higher as Investors Await US Inflation

World Shares Mostly Higher as Virus Fears Ease

Global Stocks Follow Wall Street Higher as Virus Fears Ease

Didi’s New York Exit a Further Blow to Chinese Listings in US

Didi’s New York Exit a Further Blow to Chinese Listings in US: Bankers and Advisers

Alibaba Appoints New CFO, Reshuffles E-commerce Businesses

World Shares Mixed Amid Troubles for Chinese Property Sector

World Shares Mostly Higher After Broad Rally on Wall Street

Global Markets Mixed After Wall Street Decline, Virus Unease

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