Category: Finance News

On Monday, British tech lobby group Startup Coalition warned in a blog post that there was a risk Reeves’ tax plans could result in a tech “brain drain.”. (Photo by Oli Scarff/Getty Images) Oli Scarff | Getty Images LONDON — Britain’s Labour government on Wednesday announced plans to raise the…

Hong Kong-headquartered ESR Group has raised $325 million for its first real estate credit investment platform in South Korea. According to a statement, the credit fund will target credit investments secured by “high-quality” real estate assets with a primary focus on the ‘new economy; assets will include modern logistics centres,…

Check out the companies making headlines in midday trading. Reddit – Shares soared around 42% after the social media company reported a blockbuster third-quarter report . Reddit reported earnings of 16 cents per share, while analysts surveyed by LSEG had expected a loss of 7 cents. The company’s $348.4 million…

International law firm Ogier has signed partner Dennis Li to its investment funds practice in Hong Kong. Li’s practice will focuse on fund formation and digital assets. He will advise investment managers and financial institutions throughout the lifecycle of their fund structures, from fund formation to downstream investments and divestments,…

Check out the companies making headlines in extended trading: Microsoft — The technology giant slid nearly 4% after its revenue guidance for the fiscal second quarter disappointed investors. Microsoft’s outlook called for revenue to range between $68.1 billion to $69.1 billion. Analysts polled by LSEG sought $69.83 billion. Booking Holdings…

The Indonesia Investment Authority (INA) and investment firm DB Investment Partners (DBIP) have formed a partnership, through an Investment Framework Agreement (IFA), to help Indonesia’s economic development.  INA and DBIP will collaborate by leveraging each other’s market access and investment expertise to deploy at least $1 billion within the next…

Chinese smartphone company Honor has released devices that fold up to be nearly as thin as an iPhone. Nurphoto | Nurphoto | Getty Images BEIJING — Chinese smartphone company Honor on Thursday announced backing from new investors as the Huawei spinoff prepares for an initial public offering. The new backers…

During a panel discussion at Hong Kong Fintech Week 2024 on October 29 at the Asia World-Expo, the audience heard about the important role that financial technology is playing in global capital markets. Elizabeth Wong, director and head of fintech unit, intermediaries, at the Securities and Futures Commission, described the…

Three stocks are generating buzz among day traders banking on a Donald Trump victory next week. Retail investors have increasingly focused in on Trump Media & Technology , Rumble and Phunware as stocks that can benefit if the Republican presidential nominee for president prevails. That’s already sent the names on…

Fund tokenisation has already reached $2 billion in assets under management (AUM) as of late 2024, and Boston Consulting Group is estimating that the AUM of tokenised funds could reach 1% of global mutual funds and exchange-traded funds (ETF) AUM in just seven years, a potential AUM of more than…