Monthly Archives: May 2023

Discover Thomson ReutersBy David French, Anirban Sen, Pamela Barbaglia6 Min Read(Reuters) – Business information provider S&P Global Inc agreed on Monday to pay $44 billion in stock to acquire IHS Markit Ltd in the year’s biggest acquisition that will create a new data powerhouse serving Wall Street and the corporate world.The deal raises the stakes […]

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Months of unrest in Hong Kong has invited debate over the city’s viability to remain Asia’s premier financial hub.Actions by the government have raised questions about the special administrative region’s autonomy, while frequent demonstrations have brought the city to a standstill.At the same time, Hong Kong is facing heightened competition from regional alternatives.Across the border […]

Discover Thomson ReutersBy Alun John, Scott Murdoch, Sumeet Chatterjee5 Min ReadHONG KONG (Reuters) – Last October, nearly four dozen banks in Hong Kong confronted a nightmare “stress test” scenario: a pandemic that swept through the city, followed by a major cyberattack and a telecoms breakdown.In the simulation, a fast-spreading disease led to as much as […]

Subscribe for full access to The Hollywood ReporterSubscribe for full access to The Hollywood ReporterThe iconic red envelopes will be disappearing from mailboxes in September. By Alex Weprin Media & Business WriterIt’s the end of an era for Netflix.Twenty-five years after the company was founded, Netflix says it will wind down its legacy DVD-by-mail business. […]

Stocks muted as investors weigh earnings, Beige Book: Stock market news today  Yahoo Financesource

Stock market news today: Stocks rise as Wall Street rebounds from worst week of 2023  Yahoo Financesource

Discover Thomson ReutersBy Alun John4 Min ReadHONG KONG (Reuters) – Hong Kong’s markets watchdog on Thursday fined Goldman Sachs’s GS.N Asian business $350 million for its role in Malaysia’s multibillion-dollar 1MDB scandal, the largest single fine ever levied by the regulator in the Asian financial hub. The Securities and Futures Commission (SFC) said serious lapses […]

Discover Thomson ReutersBy Alun John3 Min ReadHONG KONG (Reuters) – Hong Kong’s central bank has sold more of its local currency so far this year than it did in any full year since the global financial crisis, in a bid to stop the unit strengthening and breaking its peg with the greenback.Capital has rushed into […]

China suspends business ties with NBA’s Houston Rockets over Hong Kong tweet  CNNsource