Showing 1 - 10 of 17
OCBC, Bangkok Bank, First Abu Dhabi join Hong Kong's US$14 billion offshore yuan scheme
South China Morning Post, Published on 02/01/2026
» Leading banks from Southeast Asia and the Middle East, including Bangkok Bank, OCBC, First Abu Dhabi Bank and Qatar National Bank, have joined the Hong Kong Monetary Authority's (HKMA) expanded yuan liquidity facility, underscoring the city's push as a global offshore renminbi (RMB) business hub.
Philippine peso falls to new record low
Bloomberg News, Published on 28/10/2025
» MANILA — The Philippine peso slid past a long-defended red line for the currency to an all-time low, as the central bank signaled more tolerance for weakness.
China's Alibaba to invest $50bn in AI, cloud computing
AFP, Published on 24/02/2025
» BEIJING - Chinese tech giant Alibaba said Monday it will spend more than $50 billion on artificial intelligence and cloud computing over the next three years, a week after co-founder Jack Ma was seen meeting President Xi Jinping.
Hong Kong launches world's first wholesale CBDC pilot
South China Morning Post, Published on 08/03/2024
» HONG KONG: The Hong Kong Monetary Authority (HKMA) has launched a wholesale central bank digital currency (wCBDC) pilot, the world's first such platform for tokenised deposits, assets and central bank money.
Alibaba logistics arm files for $1bn IPO
Bloomberg News, Published on 26/09/2023
» The logistics arm of Alibaba Group Holding Ltd has filed for an initial public offering in Hong Kong, potentially making it among the first of the Chinese e-commerce leader’s units to go public.
Hong Kong stocks hit 2-week low as Alibaba tumbles 2.9% on ex-CEO surprise exit, China deflation concerns
South China Morning Post, Published on 11/09/2023
» Hong Kong stocks fell to a two-week low, led by losses in Alibaba Group after former chairman and CEO Daniel Zhang Yong surprisingly departed from the e-commerce group amid a leadership transition.
Rough week for equities as central banks talk tough
Business, Nuntawun Polkuamdee and Nareerat Wiriyapong, Published on 24/06/2023
» RECAP: Asian stocks slumped in line with global equity markets, which have seen their worst week this year, as a string of hawkish central bank surprises made investors nervous about the economic cost of taming inflation.
Iconic New York discount luxury store reopens
AFP, Published on 17/05/2023
» NEW YORK: Forced to shutter during the Covid-19 pandemic, the discount luxury goods store Century21 reopened its flagship location in Manhattan on Tuesday, drawing elated crowds of bargain hunters back to the New York institution.
Hong Kong plans to launch trial of e-HKD in fourth quarter
South China Morning Post, Published on 21/09/2022
» HONG KONG: Hong Kong will start testing out a digital coin called the e-HKD from the fourth quarter, paving the way for a virtual currency the public can use in the future to shop, dine out and make money transfers.
Biggest currency rout since 1997 puts Asia central banks in bind
Bloomberg, Published on 29/06/2022
» The surge in the dollar has set Asian currencies on course for their worst quarter since 1997 and created a dilemma for central bankers.