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Hong Kong exchange’s 2024 profit rises 10% on higher trading revenues

HONG Kong’s bourse operator reported on Thursday a 10 per cent rise in profit in 2024, beating forecasts, bolstered by a sharp...

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Hong Kong bourse logs 10% profit jump as trading turnover and IPOs surge

Hong Kong, the main destination for mainland Chinese firms looking to raise capital offshore, saw 71 new listings raise a combined HK$88...

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Blackstone in talks to sell China logistics assets in divestment

BLACKSTONE is in advanced talks to sell three logistics projects in China to Ping An Insurance (Group), according to sources familiar with...

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Gemini’s Winklevoss says SEC closed investigation with no action

GEMINI Trust, owned by billionaire Winklevoss twins, was told by the US Securities and Exchange Commission (SEC) that the agency has closed...

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Goldman Sachs adds Waldron to board, lining up potential CEO succession

GOLDMAN Sachs added its president and chief operating officer John Waldron to its board of directors a month after he was given a...

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US Federal Reserve will ‘adapt’ to any policy changes: Goolsbee

THE US Federal Reserve will “adapt” to policy changes made by the administration of US president Donald Trump, but would struggle to...

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China quant says funds must adopt AI to survive after DeepSeek

For quants, the ability to better tap AI is critical for survival, as the 1.3 trillion yuan industry faces cut-throat competition

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OCBC conservative about FY2025 targets amid trade tensions, uncertainties

This is despite bank’s net profit for FY2024 rising 8% to record S$7.6 billion

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Maybank Q4 profit rises 6.1% to RM2.5 billion

The lender declares a second interim cash dividend of 32 sen, taking full-year dividends to 61 sen

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China to start bank recapitalisation with at least 400 billion yuan

CHINA plans to start re-capitalising several of its biggest banks in coming months, according to people familiar with the matter, following through...

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