Lifestyle
Hong Kong woos Saudi money in attempt to revive stock market
HONG Kong is turning to oil-rich Saudi Arabia for new funds to help offset a growing list of challenges facing its stock market. The Saudi Tadawul Group and Hong...
Oil ends slightly firmer after US crude stock draw, firmer dollar
OIL prices edged higher on Wednesday after data showed US crude stockpiles fell last week as refiners slowly ramped up output ahead of the summer driving season, while a...
US: Stocks mixed as earnings season winds down
WALL Street stocks moved in opposite directions on Wednesday, digesting another round of mixed earnings in a quarter that has seen solid but unspectacular corporate results.“I think that companies did a...
Prudential shutters Hong Kong wealth unit Pulse
INSURER Prudential has shut down its Hong Kong wealth management business Pulse Wealth, the company said in a statement to Reuters on Wednesday (May 8), as part of a...
JPMorgan, Nomura limit Segantii exposure on Hong Kong case
JPMORGAN Chase and Nomura Holdings are limiting dealings with Simon Sadler’s Segantii Capital Management, the Asian hedge fund giant charged with insider trading by authorities in Hong Kong, according...
Hyundai Motor plans to add hybrids to US plant within current investment
Hyundai Motor plans to use the investment it has already lined up for the United States to produce hybrid vehicles at its electric vehicle (EV) plant there.The world’s No...
China’s approves first gene-edited wheat in step to open up GM tech to food crops
China has approved the safety of gene-edited wheat for the first time, in a step to open up the technology to food crops as Beijing cautiously moves forward with...
Axiata, Sinar Mas seek permission for Indonesia telco merger, minister says
MALAYSIAN conglomerate Axiata Group and Indonesian group Sinar Mas have sought permission from the Indonesian government to merge their telco units, the communications minister told Reuters on Wednesday (May...
