‘Bonds are back’ as markets enter a ‘new paradigm,’ says HSBC Asset Management
LONDON — Markets have entered a “new paradigm” as the global order fragments, while heightened recession risk means that “bonds…
India overtakes Hong Kong to become the world’s seventh largest stock market
India’s stock market value has overtaken Hong Kong’s to become the seventh largest in the world as optimism about the…
China vows to ‘moderately’ strengthen fiscal policy to bolster economic recovery
China’s top decision-making body of the ruling Communist Party on Friday said the country’s fiscal policy “must be moderately strengthened”…
China’s economy has a ‘steep hill to climb’ despite positive export surprise, HSBC says
The Chinese economy still has a “steep hill to climb” despite a surprise pickup in exports and is unlikely to…
Vietnamese companies eye the U.S. IPO market amid a lull in Chinese listings
BEIJING — A new group of Asia-based companies are contemplating initial public offerings in the U.S., where international listings were…
Singapore’s Temasek warns that fake agents in China are trying to sell scam investments
Singapore’s Temasek Holdings warned that scammers are allegedly trying to sell financial investment products or instruments to unsuspecting individuals while…
Biden and Xi’s meeting sent an important signal for U.S. business in China
BEIJING — U.S. President Joe Biden’s meeting with Chinese President Xi Jinping last week has set a bottom line in…
Morgan Stanley CEO says his firm is ready for ‘Basel III endgame’ — the sweeping new global rules on banking
SINGAPORE — Morgan Stanley Chairman and CEO James Gorman said his firm will be able to cope with “any form”…
Singapore’s largest bank DBS beats forecast, quarterly profit jumps 17%
Southeast Asia’s largest lender DBS Group reported a 17% jump in third-quarter profit on Monday, benefiting from a high-interest rate…
HSBC’s after-tax profit surges over 135% year-on-year, announces $3 billion share buyback
HSBC’s profit after tax came in at $6.26 billion in the three months ended September, jumping 135% compared to the $2.66…
