The upgrades support the goal of reducing minimum price spreads by mid-year. SING TAO Hong Kong financial regulators are set to put forward proposed enhancements in the trading unit system – the so-called “board lot” system – within this year, in a bid to meet more investment needs, says Financial Secretary Paul Chan Mo-po….
DETROIT – General Motors is raising its quarterly dividend and initiating a new $6 billion share repurchase program as the company attempts to reward investors amid slowing industry sales and profits. GM announced Wednesday it is increasing its quarterly dividend by 25% to 15 cents per share — matching that of crosstown rival Ford Motor….
The government will allocate HK$1.235 billion to the Hong Kong Tourism Board in the coming fiscal year to revitalize the city’s tourism industry and drive economic growth, Financial Secretary Paul Chan Mo-po said. This funding will support the implementation of the Development Blueprint for Hong Kong’s Tourism Industry 2.0, which aims to promote…
Nvidia is scheduled to report fourth-quarter financial results on Wednesday after the bell. It’s expected to put the finishing touches on one of the most remarkable years from a large company ever. Analysts polled by FactSet expect $38 billion in sales for the quarter ended in January, which would be a 72% increase on an…
Wall Street is falling again Tuesday as U.S. households get more pessimistic about the economy because of inflation, tariffs and other policies coming from Washington. The S&P 500 was down 1% in morning trading. It’s coming off a three-day losing streak after setting an all-time high last week. The Dow Jones Industrial Average was down…
I’m sitting with Jean Marc Petrus on the upper floor of Zuma Hong Kong when, midway through our conversation, a war cry emanates from the cavernous dining room below. “That’s the rah-rah,” Zuma’s operations director for Asia says, with a slight smile and ears perked. It marks the end of the pre-service briefing, when the…
File Photo South Korean police have initiated an investigation into a person who leaked flight reservation details of K-pop stars and other celebrities, including BTS, in exchange for financial gain. The Seoul Metropolitan Police Agency Cyber Investigation Unit is investigating an employee working for an airline in Hong Kong, who sold the confidential boarding…
Charles Liang, CEO of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on June 5, 2024. Annabelle Chih | Bloomberg | Getty Images Super Micro Computer reported its delayed financial results on Tuesday just in time to meet the Nasdaq’s listing deadline. Shares of the server maker popped 22% in extended trading…
Scoring a restaurant reservation at a coveted hotspot in New York City once required a combination of skill, charm and savvy — until third-party, bot-driven scalper sites began selling them for astronomical rates. Tourists and other deep-pocketed gourmands have used apps like Appointment Trader to skip the line over the holidays by paying $2,500 to…
WASHINGTON (AP) — A satellite company owned by Elon Musk has the inside track to potentially take over a large federal contract to modernize the nation’s air traffic communications system. Equipment from Musk’s Starlink has been installed in Federal Aviation Administration facilities as a prelude to a takeover of a $2 billion contract held by…