Wang has been trying to raise funds by listing Zhuhai Wanda Commercial Management, the group’s property management arm, but the prospects look increasingly dim. The unit refiled ... ( read original story ...)
Hong Kong slides into ninth place worldwide for IPOs after fundraising falls to 20-year low in first half of 2023
A total of 28 companies raised US$2.2 billion in the first half, Hong Kong's lowest funding total since 2003, Refinitiv data shows Second-quarter fundraising rose 55 per cent over the first quarter, ... ( read original story ...)
Stock market today: Asian shares are mixed after China reports weaker manufacturing in June
Shares are mixed in Asia after China reported slower factory activity in June due to weaker consumer spending and export demand. Tokyo and Sydney declined while Seoul, Shanghai and Hong Kong ... ( read original story ...)
Bank of America to expand in four US states, closing gap with JPMorgan
A general view of the Bank of America financial center in New York City, U.S., June 26, 2023. REUTERS/Brendan McDermid ... ( read original story ...)
Stock market today: Asian shares are mixed after central bankers say interest rates must stay high
Asian stock markets were mixed Thursday after leaders of major central banks said they need to keep interest rates high to fight persistent inflation despite fears that might tip the global economy ... ( read original story ...)
China bulls backload stock targets as post-pandemic optimism deflates, stimulus floodgates remain closed
HSBC, Citigroup are among the latest brokers to join Goldman and Nomura in cutting stock targets as weak data and slow stimulus deflate expectations Chinese manufacturing likely contracted again in ... ( read original story ...)
Most markets rise as traders weigh central bank rate plans
Most markets rose in Asia on Thursday, building on the previous day's advances, even after central bank chiefs warned that interest rates would rise further to counter persistent inflation. His ... ( read original story ...)