Alibaba shares rise after addition to China exchange link

Alibaba shares rise after addition to China exchange link

ALIBABA Group Holding’s stock rose in Hong Kong after it was made directly accessible to investors in mainland China for the first time. Shares of the e-commerce company gained as much as 5.2 per cent, the most since Aug 16. Starting Tuesday (Sep 10), the stock was added to the Stock Connect programme that links…

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Australia central bank reforms in doubt as politics interferes

Australia central bank reforms in doubt as politics interferes

LONG-DELAYED reforms to the Reserve Bank of Australia (RBA) could be dead in the water after the Liberal National opposition decided to oppose them in parliament, Treasurer Jim Chalmers said on Tuesday. Chalmers told reporters he had agreed to six changes demanded by Shadow Treasurer Angus Taylor, but the opposition had decided to oppose the…

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