According to chief executive John Lee, Hong Kong will be subject to penalties imposed by the UN but not “unilateral” ones by “particular jurisdictions.” After Russia invaded Ukraine earlier this year, the US, UK, and EU imposed sanctions on the tycoon. How long the superyacht will stay in Hong Kong’s waterways is unknown. According to … Read more
The two firms agreed to pull the deal because of “current macroeconomic and market conditions”. Move is a sign of the abrupt pressure on unprofitable fintech. Sezzle was valued at about A$491 million when it was announced in February. Australian buy-now-pay-later (BNPL) firm Zip Co Ltd unloaded a buyout of U.S. rival Sezzle Inc three … Read more
KDDI Corp shares fell as much as 3.9% on Monday after a weekend outage. The biggest system failure in the history of Japan’s No.2 wireless carrier affected almost 40 million users nationwide. Data transmission has been broadly restored but users might experience difficulty in making voice calls. KDDI Corp shares fell however 3.9% on Monday … Read more
The dollar index eased 0.08% to 104.39, giving back some of its 0.53% rallies overnight. Treasury 10-year yields slid more than 1 basis point in Tokyo, trading to around 3.17%. Asian equities followed Wall Street lower after U.S. shares fell. The dollar index gave back some of its 0.53% rallies overnight, spurred mainly by weakness … Read more
Brent crude falls $1.42, or 1.3%, to $111.70 a barrel by 0010 GMT after rebounding 2.8% on Friday. U.S. West Texas Intermediate crude was at $106.08 a barrel, down 1.4%, following a 3.2% gain in the previous session. Oil costs slipped more than $1 a barrel on Monday as worldwide monetary worries discouraged the oil … Read more
