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Hong Kong Shares Soar, On Hopes China COVID Rules May Ease
Shares soared more than 7% in Hong Kong on Friday after a Communist Party newspaper reported that local officials were being urged not to impose overly burdensome controls to curb coronavirus infections. The Shanghai Composite index jumped 2.6% as sentiment also ...
US Sanctions UAE, Hong Kong Firms, That Ship Iranian Oil
The US has sanctioned a United Arab Emirates-based firm and several Asian companies for facilitating the illicit sale of millions of dollars' worth of Iranian oil for shipment to East Asia. The Treasury Department's Office of Foreign Assets Control on Monday ...
No-COVID Policy Drags on Hong Kong Economy As Cases Surge
Hong Kong's Fung Shing Restaurant was bustling this week as customers came for one last taste of the traditional Cantonese dim sum that has made it famous. With COVID restrictions cutting too deeply into its bottom line, the restaurant will ...
Goldman Sachs, JPMorgan To Delist 500 Hong Kong Products After US Ban
US banks Goldman Sachs JPMorgan and Morgan Stanley will be delisting 500 Hong Kong-listed structured products, following a US ban on investments in companies Washington deems linked to China's military. The products are linked to telecom companies China Mobile, China Telecom ...
Rupee Opens Still Lower At 71.75
The rupee resumed trade on Wednesday on a still weaker note declining as much as 29 paise at 71.75 in comparison to Monday's close of 71.46. Rupee in the light of positive developments on the US-China trade deal front as well ...
Gold Price Retreats Lower On Global Cues
Gold prices are on a declining spree ever since it hit the Rs. 40000 level mark per 10 gm in India in late September. This is after influence from the global rates which are also below the key levels of $1500 ...
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