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Hong Kong’s move to cut taxes for hedge funds has set off a frenzied wave of maneuvering across the city’s financial sector, with investment banks fearing an exodus of prop traders and one fund even considering rebranding a receptionist as an investor relations official to make the most of the potential windfall.
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
Key PointsIntel's $11.3 billion trailing-12-month net loss mostly reflects non-cash items, including a $12.5 billion mark-to-market charge on escrowed shares in the second quarter.
Facing tumbling approval ratings and economic pushback, President Prabowo Subianto pivots to fiscal discipline in his latest budget—but delivering on his ambitious promises will be the real test.
It’s the psychology of inflation that sparks outrage over a $20 burrito.
George Tung, CEO of UOB Hong Kong, is positioning the bank to leverage the city’s role as a cross-border capital hub by strengthening ASEAN links, deepening client trust and embedding disciplined risk…
The Hong Kong property market’s recovery is forecast to moderate in both prices and rents in the coming months as disruptions brought about by artificial intelligence, slower population inflows and…