Hong Kong authorities will review how the national security law is enforced after the city’s top court overturned the convictions of three core members of a now-disbanded alliance behind an annual Tiananmen Square vigil. Deputy Secretary for Justice Horace Cheung Kwok-kwan weighed in on Saturday after the apex court quashed the convictions earlier in the…
The Hong Kong Monetary Authority (HKMA) has made it incumbent on banks to conduct a mandatory name-matching process on customers for real-time fund transfers, the latest step by the city’s financial regulator to tackle scams. Financial institutions have been urged to adopt “refined measures” on their instant fund transfer systems such as the Faster Payment…
Every few months, BI takes a look at what top investors are placing big bets on. We’ve compiled 9 stocks that these “whales” have at least 20% of their portfolios in. Data is from GuruFocus.com. Every few months, we take a look at what top investors — known in market-speak as “whales” — are placing big…
President Xi Jinping, his colleagues from the Politburo and other economic mandarins are expected to gather this month for the annual tone-setting economic work conference. Stock traders are particularly interested in the gathering after disappointment with Beijing’s latest attempt at stimulus and are eager for signs of more supportive policies after US president-elect Donald Trump…
Jared Isaacman is President-elect Donald Trump’s pick to lead NASA. Isaacman has led and flown on two SpaceX missions, including the first-ever commercial spacewalk. Isaacman is a billionaire CEO who dropped out of high school and founded two companies. Jared Isaacman isn’t just a billionaire CEO. He’s also a SpaceX astronaut, and now he’s poised…
Apple released a new software update, iOS 18, in September. Some users have complained about the redesigned Photos app. The Photos app now contains a “Customize & Reorder” option to adjust to users’ preferences. Some Apple iPhone users are unimpressed with its latest software update. Apple released iOS 18 for its iPhones to the public…
Secondary home prices increased 0.62 per cent to a reading of 290.1 in October from 288.3 in September, according to data from the Rating and Valuation Department. The latest reading on home prices covers the first full month following the interest-rate cut by the Hong Kong Monetary Authority in September, but only partially reflects the…
Warren Buffett’s Berkshire Hathaway purchased stakes in Domino’s Pizza and Pool Corp. last quarter. The investing legend’s company made big cuts to its huge Apple and Bank of America positions. Berkshire pared other holdings such as Capital One, and sold almost all of its Ulta Beauty shares. Thanks for signing up! Access your favorite topics…
Tropical Storm Toraji may have seemed largely a non-event to those braced for violent weather. What set it apart is that the city’s stock exchange broke with past practice by trading normally. By contrast, the Jockey Club abandoned the last three races of a nine-race card at Happy Valley on Wednesday night ahead of a…
Warren Buffett has grown Berkshire Hathaway’s cash pile to more than $300 billion — a record high. The famed investor has halted stock buybacks and pared key holdings such as Apple and Bank of America. Buffett, 94, is facing a bargain drought and may be preparing to hand over control of Berkshire. Thanks for signing…