Stocks in Hong Kong traded between gains and losses as global banks including Citigroup and Goldman Sachs retained their bullish views on Chinese equities on valuation appeal, following a three-day market slide stoked by recession risks. The Hang Seng Index fell 0.1 per cent at 23,752.53 as of 10.50am local time on Wednesday, after rising…
Berkshire Hathaway Chairman and CEO Warren Buffett, center, is driven to the morning session during a July 2023 conference in Sun Valley, Idaho.David Paul Morris/Bloomberg As questions continue to swirl about Warren Buffett’s recent preference for cash, Berkshire Hathaway’s chairman and CEO says he’s not giving up on stocks. “Despite what some commentators currently view…
By Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway on Friday disclosed a new investment in alcoholic beverages producer Constellation Brands, and said it has reduced its holdings in four banks, including Citigroup and Bank of America. In a regulatory filing detailing its U.S.-listed stock holdings as of December 31, Berkshire also disclosed it has…
Hong Kong’s largest banks are likely to offer new mortgages to ease the burden on homebuyers amid elevated interest rates, but experts doubt that the trend would overcome the factors weighing down the struggling property market. HSBC, one of the city’s three currency-issuing lenders, unveiled on Wednesday new mortgage plans offering a fixed rate of…
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As Hong Kong’s workers return to their desks on Monday after a long holiday break, many large banks and financial firms are offering them millions of dollars in lai see, hampers, Asia Miles, lucky draws and other gifts to ring in the Year of the Snake. Companies have traditionally given staffers lai see packets on…
BANGKOK (AP) — Asian shares advanced early Monday after U.S. stock indexes rallied to close out their best week in two months, while U.S. futures and oil prices were little changed. Hong Kong’s Hang Seng jumped 2.3% to 20,041.09 after China’s central bank kept its key lending rates unchanged and the Shanghai Composite index was…
(Bloomberg) — Short-sellers are capitulating as the S&P 500 Index (^GSPC) keeps hitting record highs and is set for its best year since 2021, while positioning on European stocks remains bearish, further widening the gap between the two markets, according to Citigroup Inc. strategists. Most Read from Bloomberg Investor positioning in S&P 500 futures is…
China envisions Hong Kong’s capital markets as a beacon of prosperity, having lifted the city out of social chaos in June 2020. This week, Beijing backed that goal with vocal support at an investment summit attended by CEOs of global banks and money managers. Do global investors share the optimism? The question has never been…
Mumbai: India is expected to be the second-biggest draw for global investments after the US during Donald Trump‘s second term as the president, a top Wall Street banker said. Investors, who are sitting on more than $3 trillion to deploy, would be choosy and there would be a divergence of flows between the public and…