Home 

HKEX rolls out ‘mini’ futures designed to help investors hedge six base metals during Asian trade

The operator of the Hong Kong stock exchange will launch US dollar-denominated “mini” futures for six base metals on Monday, reflecting the second batch of products launched within a month, as the exchange presses ahead with its strategy to become a leading Asian asset management centre within three years.The contracts will track aluminium, zinc, copper, nickel, tin, and lead under a mini structure comprised of 5 tonnes of metals per contract compared with 25 tonnes traded on London Metal… Source link

Read More
Home 

New class of active managed ETFs debuts in Hong Kong, as CICC rolls out US money market fund

Asset managers have started selling active exchange-traded funds (ETFs) in Hong Kong, led by the asset management unit of China International Capital Corporation (CICC), which debuted on Tuesday a US$120 million money market fund listed on the city’s stock exchange.Unlike a traditional passive ETF, which replicates the performance of the index, an actively managed ETF allows the fund manager discretion to pick and choose a portfolio of securities.These ETFs can be bought and sold just like… Source link

Read More
Home 

Tesla’s Chinese challenger Xiaopeng rolls out 10,000th SUV as electric vehicles chip away at China’s car market

The 10,000th electric vehicle bearing the stylised X logo of Guangzhou Xiaopeng Motors Technology rolled off the production line in Zhengzhou city today, a major milestone for the start-up that began deliveries in December.The white Xpeng G3 that emerged from the finishing shop at Xiaopeng’s contract manufacturer Haima Automobile Group – code-named “David” – is an all-electric sports-utility vehicle slightly smaller than Tesla’s Model X midsize SUV, with a certified range of 365 kilometres on a… Source link

Read More
Home 

China’s rare earth stocks are investors’ new hedge against trade war as Beijing rolls out countermeasures against Trump

In a twist, traders have found a hot new bet in China’s stock market that has churned out jaw-dropping gains specifically because of deteriorating US-China relations: rare earths.While the benchmark gauge Shanghai Composite Index has remained in the doldrums over the past month amid the trade stand-off between Beijing and Washington, China Minmetals Rare Earth, China Northern Rare Earth (Group) High-Tech and other major producers of the elements have shot up at least 34 per cent, making them… Source link

Read More
Singapore 

Burger & Lobster Singapore to open May 23, lobster rolls start at $40, Singapore, Food News

Jewel Changi Airport has been opened for a little over a month and those who have yet to flock to Singapore’s new icon will have another store’s opening to look forward to. Famed for their namesake, the opening date for Burger & Lobster’s first outpost in Singapore has been announced — May 23. As for the menu, fans of the highly anticipated London-born restaurant can expect a Singapore twist, available exclusively at Jewel. Marrying the restaurant’s signature fresh lobster with the all-time favourite spicy sambal sauce is the Sambal Glazed…

Read More
Singapore 

Facebook rolls out fact-checking service in Singapore to combat fake news, Singapore, Digital News

SINGAPORE – Facebook announced the extension of its third-party fact-checking service to Singapore on Thursday (May 2), days before the parliamentary debate on proposed fake news legislation is set to take place on Monday. The social media giant is working with international news agency Agence France-Presse (AFP) to provide the service. From Thursday, AFP will review and rate the accuracy of stories in English, Mandarin and Malay on Facebook in Singapore, including photos and videos. The agency said it will have one fact-checking reporter at its Singapore bureau supported by…

Read More
Home 

Microsoft rolls out new cloud services for AI and blockchain, partnering with JP Morgan

Microsoft Corp on Thursday announced new tools for software makers aimed at making technologies such as artificial intelligence and blockchain easier for businesses to use.Microsoft released the tools ahead of its software developer conference next week in Seattle. Once known mostly for its Windows personal computer operating system, the company now relies on revenue growth from its cloud-based computing and software services, most of which are sold to other businesses.While Microsoft still… Source link

Read More
Home 

Chinese stocks’ world-beating rally risks losing momentum as Beijing rolls back stimulus

Chinese stocks’ world-beating rally is at risk of faltering, as a meeting of the Communist Party’s highest decision-making body signalled a tougher stance on further policy easing.After an almost 30 per cent surge that has made the Shanghai Composite Index the best-performing equity benchmark this year globally, the gauge slid the most in four weeks on Monday. A change of tone at the Politburo meeting rattled traders’ nerves, with top policymakers re-emphasising deleveraging and curbing asset… Source link

Read More
Vietnam 

Việt Nam rolls out red carpet for Thai investment: Deputy PM – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Deputy Prime Minister Tịnh Đình Dũng (R) receives SCG Executive Director. VNA/VNS Photo HÀ NỘI  — The Vietnamese Government, ministries and sectors have always created favourable conditions for foreign investors, including those from Thailand, to expand production and business in Việt Nam, Deputy Prime Minister Tịnh Đình Dũng has said. Hosting a reception on Tuesday for Dhep Vongvanich, executive director of the Thai-based Siam Cement Public Company Limited (SCG) in Việt Nam, Deputy PM Dũng highlighted the Việt Nam -Thailand strategic partnership, which has developed strongly in various sectors, especially in economic,…

Read More
Home 

HSBC, BOCHK and AXA to mobilise entire networks as Hong Kong rolls out tax incentive schemes

Financial companies including HSBC and Bank of China (Hong Kong), two of the city’s three currency-issuing banks, as well as insurers AXA and Sun Life on Sunday said two tax schemes the government is launching on Monday will be available throughout their networks in Hong Kong.Hong Kong is launching a Voluntary Health Insurance Scheme (VHIS), under which the government will offer HK$8,000 in tax incentive per person per year for the purchase of health insurance cover up till the age of 100 years… Source link

Read More