National pension fund raises investment in mainland market
China’s national pension fund has increased its A-share purchases as part of efforts to help stabilise the market, while cutting H-share holdings which have begun trading at a premium to…
HKEx hacker jailed for nine months
A businessman, who was found guilty of unleashing “highly reckless” cyberattacks on a stock exchange website last year, was sentenced to nine months in jail on Friday. Tse Man- lai,…
SEC staff left computers exposed to hacking, report finds
Staff at the US Securities and Exchange Commission failed to encrypt some of their computers containing highly sensitive information from stock exchanges, leaving the data vulnerable to cyberattacks, according to…
Earnings lift Lenovo to near 3-month highs
Shares of Lenovo Group Ltd , which is on track to become the world’s No.1 PC maker, rose more than 5 percent to their highest in nearly three months on…
European asset managers Natixis and Amundi make push into Hong Kong
Global asset managers Natixis and Amundi, two of the world’s top 15 fund houses by assets, are set to expand in Hong Kong, hiring more professionals as more hot money…
US defence shares drop sharply after Obama victory
US weapons makers took a pounding in the stock market as investors priced in leaner times after President Barack Obama’s re-election. Analysts had predicted gains for defence industry shares if…
Spain faces long-term debt demand test
Spain will test appetite for its longer-term debt on Thursday for the first time in a year and a half, and decent demand could give it some leeway to delay…
Hong Kong Exchanges and Clearing Q3 profit falls 19pc on lower turnover
Hong Kong Exchanges and Clearing, which operates the local stock market and futures market, reported a drop in third-quarter profit of 19 per cent amid lower market turnover, with analysts…
Dollar down, markets muted in Asia after Obama win
The dollar slipped in Asian trade on Wednesday, while share markets were muted after President Barack Obama was re-elected in a knife-edge US presidential election. As a hard-fought campaign came…
Yuan hailed as the world reserve currency
Its supporters excitedly describe it as rise of the “redback” – red for communist China as opposed to the greenback of the US. Now two distinguished academics have joined a…
