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<span lang=«EN-US» xml:lang=«EN-US»>LONDON: Hong Kong now ranks as the third best financial centre in the world, according to the 2024 edition of the Global Financial Centres Index. The city has regained the title of Asia’s top financial hub from Singapore.
Billionaire hedge fund manager Paul Tudor Jones is raising alarms about the U.S. government's current fiscal deficit and the increased spending promised by both presidential candidates, saying the bond market may force the government's hand after the election in addressing it.
Norway's sovereign wealth fund on Tuesday reported third-quarter profit of 835 billion Norwegian kroner ($76.3 billion), citing a stock market boost from falling interest rates.
Hyundai Motor India shares fell nearly 7% on their trading debut Tuesday after a $3.3 billion initial public offering, the country's largest-ever by amount raised.
LONDON — The U.K. is likely to see interest rates drop at a faster pace than previously expected, according to economists who flagged key data releases that indicated inflationary pressures are finally easing.
Hong Kong/London — HSBC said Tuesday that it would combine some of its commercial and investment banking operations in a major overhaul under its new CEO, which will see it cut costs while trying to improve returns.
Gold is in a "new bullish phase" after prices notched another record high, said asset management firm Sprott Asset Management, echoing other analysts who have predicted that the bullion will continue to scale new heights.
