Finance

Largest UK Rate Hike In 27 Years; Recession Predicted

The Bank of England (BoE) raised interest rates by the most in 27 years on Thursday, despite warning that a long recessi... Read more

Hong Kong Shares Jump 2 Percent

Hong Kong stocks rallied on Thursday as traders tracked a Wall Street rally and healthy US data. The Hang Seng Index ... Read more

Pound Rises Ahead Of Expected UK Interest Rate Hike

Sterling edged up on Thursday and traded near its highest level against the euro since April ahead of a Bank of England ... Read more

US Stocks Rally On Good Services Sector Data

Wall Street stocks finished solidly higher on Wednesday, bouncing after two down sessions following better-than-expected... Read more

Warner Bros Axes US$90m 'Batgirl' Film

In a move that rattled Hollywood, Warner Bros has axed the “Batgirl” film planned for HBO Max, opting to shelve the ... Read more

Big Names Lead Declines In Wall Street

Wall Street ended lower after a choppy session on Tuesday, with heavy hitters Microsoft and Visa losing 1.1 percent and ... Read more

Ratings Agencies Downgrade Scandal-hit Credit Suisse

Ratings agencies Moody's and Standard & Poor's downgraded scandal-hit Credit Suisse on Tuesday, given the restructur... Read more

Hong Kong Stocks Drop At Open

Hong Kong stocks fell more than one percent at the open on Tuesday and continued a decline from Wall Street, which ended... Read more

Wall Street Starts Month With Losses After July Rally

Wall Street ended lower after a choppy session on Monday, with declines in Exxon Mobil and other energy companies weighi... Read more

US Court To Decide On Publishing Giants' Merger Deal

The US Justice Department asked a federal judge on Monday to block a US$2.2 billion merger of two of the "Big Five" book... Read more

Hong Kong Slips Into Technical Recession

Hong Kong's economy shrank year-on-year for the second quarter in a row, the government's advance estimates showed on Mo... Read more

Hong Kong Shares Start Week With Small Gain

Hong Kong stocks finished Monday slightly higher after three days of losses, boosted by bargain-buying and a rally in ba... Read more

HSBC Plans Quarterly Dividends Again From 2023

HSBC posted an almost 14 percent rise in first-half profit attributable to shareholders to US$8.29 billion and said it p... Read more

Evergrande Subsidiary Ordered To Pay Guarantor

Struggling developer China Evergrande Group said on Sunday that one of its subsidiaries, Evergrande Group (Nanchang) Co,... Read more

UK Firms Expect Zero Growth In Coming Months

British businesses do not expect any growth over the next three months, as a surging cost of living squeezes consumer de... Read more