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Trading tax hike won’t harm competitiveness of Hong Kong’s stock market, says financial secretary

Trading tax hike won't harm competitiveness of Hong Kong's stock market, says financial secretary
People wearing face masks crossing a street at Hong Kong's Wan Chai district on Feb. 16, 2021. Zhang Wei | China News Service | Getty Images Hong Kong's plan to increase the stamp duty on stock trading will not harm the competitiveness of the city's financial...

Chinese electric car start-up Li Auto expects it will sell fewer cars than Nio has been delivering

Chinese electric car start-up Li Auto expects it will sell fewer cars than Nio has been delivering
A Li Xiang One hybrid SUV is on display during the 18th Guangzhou International Automobile Exhibition on November 23, 2020 in Guangzhou, China. Li Zhihao | Visual China Group | Getty Images BEIJING — Nasdaq-listed Chinese automaker Li Auto forecast deliveries below that of its competitors...

Stocks making the biggest moves in the premarket: GameStop, Koss Corp, Wayfair & more

Stocks making the biggest moves in the premarket: GameStop, Koss Corp, Wayfair & more
Take a look at some of the biggest movers in the premarket: GameStop (GME) – GameStop remains on watch after another Reddit-fueled surge Wednesday in the video game retailer's shares, as well as other so-called "Reddit stocks" like BlackBerry (BB), AMC Entertainment (AMC) and Koss...

The wealthy are borrowing billions against their art collections and lenders are reselling the debt

The wealthy are borrowing billions against their art collections and lenders are reselling the debt
More and more wealthy art collectors are cashing in on low interest rates to borrow against their Picassos and Basquiats, adding to risks of a leveraged boom and bust in the art market. The Fine Art Group, an art advisory and finance firm, said loan...

Robinhood is still on track for a hot IPO despite the GameStop uproar

Robinhood is still on track for a hot IPO despite the GameStop uproar
Omar Marques | LightRocket | Getty Images Robinhood's user growth, brand recognition and valuation appear to be stronger than ever as the online brokerage recovers from the GameStop trading chaos. Demand for Robinhood shares in private markets is surging as the start-up likely benefited from headlines...

Stocks just got some new competition from bonds as 10-year rate tops dividend yield

Stocks just got some new competition from bonds as 10-year rate tops dividend yield
Bonds have been shunned by many investors as rock-bottom rates made them unattractive relative to equities. On Thursday, the bond market may have gained an upper hand in the eyes of some investors. The 10-year Treasury yield soared more than 16 basis points to a...

Africa: World’s Biggest Stars Come Out to Support Global Citizen’s Recovery Plan For The World

Africa: World's Biggest Stars Come Out to Support Global Citizen's Recovery Plan For The World
Cape Town — "The urgency to get a vaccine to everyone, everywhere cannot be underestimated. As a country, we will be joining efforts to help the world recover better by ending the pandemic as a priority, addressing food security and hunger, getting all our...

Stocks making the biggest moves after the bell: Beyond Meat, Etsy, Virgin Galactic & more

Stocks making the biggest moves after the bell: Beyond Meat, Etsy, Virgin Galactic & more
A staff member displays a burger with a Beyond Meat plant-based patty at VeggieWorld fair in Beijing, China November 8, 2019. Jason Lee | Reuters Check out the companies making headlines after the bell on Thursday: Beyond Meat – Beyond Meat shares rose as much as 14.7%...

MSME sector emerged as growth engine of economy: RBI Governor Shaktikanta Das

Outlining the emerging post Covid opportunities in India, Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said that the MSME sector in India has emerged as the growth engine of economy with a vast network of about 6.33 crore enterprises, contributing 30%...