Finance news

Beijing appoints Yuan Gujie as deputy director of Hong Kong liaison office

Beijing has appointed Yuan Gujie, a senior Guangdong province official who vowed to further connect rules in the Greater Bay Area, as a deputy director of its liaison office in Hong Kong. The state-run Xinhua News Agency announced on Monday that Yuan, 58, had succeeded diplomat Liu Guangyuan, who is expected to retire at age 61. The liaison office’s top leadership includes director Zhou Ji and four deputies. Yuan headed the provincial Political and Legal Affairs Committee and also served as a...

Project with Uber: Munich becomes a test area for robot taxis

In Munich, Uber and Nvidia are starting a project for completely self-driving taxis with an Israeli start-up. But accidents in the USA and China are fueling the debate about safety.

The state has no money, but is throwing it out the window elsewhere

Hello, yesterday in the tagesschau: There will probably be no increase in student loans. The reason: Parental allowance and care allowance are being reduced, so you cannot increase student loans. In addition, it has already been decided that for many millions of people, spouses will no longer be insured free of charge in their health insurance. And this despite the fact that the health insurance rates and the BBG were significantly increased twice in a row. Then there is something like the CO2 tax, which applies to everything that uses fossil fuels

Explaining who pressured FTSE Russell into changing their rules for the SpaceX IPO

SpaceX is going public soon. The company is valued at around 1.75 trillion. However, the insiders are keeping about 95 percent of the shares. They are only selling a very small amount to the public. Usually, big index funds like Vanguard and the S and P 500 have strict rules. They wait until a company proves it makes a profit. They also make sure there are enough shares available to buy. This stops the fund from driving the price up too much when they buy. Now, the people who make these rules ar

SpaceX will be weighted 0.06%…

…in US total market ETFs based on the current IPO pricing. Why are people freaking out about this? So many articles and posts about the end of passive indexes but they never include the specific allocation to maximize clickbait. If SpaceX goes to 0, passive investors won’t even blink because the float and thus weighting is tiny. submitted by /u/luxuryriot [link] [comments]

Taxes: Pension insurance probably expects a larger increase in contributions in 2028

According to a report, pension contributions could rise more than previously expected. More and more pensioners and fewer contributors are putting a strain on the system.

Impact of Middle East war on Hong Kong’s inflation limited, finance chief says

Hong Kong’s finance chief has said the Middle East war has played only a limited role in driving up local inflation, noting the city’s service-based economy and stable energy supplies from mainland China have mitigated the effects of external shocks. Briefing the Legislative Council on Monday, Financial Secretary Paul Chan Mo-po said the surge in global fuel prices was expected to affect fuel-related consumer prices, pushing inflation higher. “Rising international oil prices will continue to...

Pressed by Iran crisis, Pakistan plans to start strategic oil reserve

Goldman Sachs Sees Oil Demand Destruction Offsetting Supply Shock Risks

Demand destruction resulting from higher prices will somewhat soften the blow from physically tighter oil markets, Goldman Sachs commodity analysts said in a note. “We see significant upside price risks from potentially more persistent Mideast supply losses but also meaningful price downside from weaker demand,” the team said, as quoted by Bloomberg. “Actual end-use oil demand may have fallen more in response to higher prices than expected.” The investment bank’s analysts estimate that the exten

Real estate: Tenancy law reform hits landlords hard – hundreds of euros less

What restrictions Justice Minister Hubig's reform plans have now presented for owners and landlords - and how much they will change the market.

Sequence of loan repayment and restructuring

To families with very high incomes: did you first pay off your home loan (variable interest rate over 25 years, currently 665k remaining debt, approx. 3.3% effective interest rate) Etf: approx. 160k, daily allowance approx. 70k Additionally: small renovated holiday apartment in a ski resort in Austria, which we want to sell and hope to get 250-300k for. The question is how and when it will sell... Originally we didn't want to make a lot of special repayments but rather save for the renovation and then renovate it in 2-3 years (approx. 55

Netanyahu orders deeper Israeli incursion into Lebanon to hit Hezbollah

submitted by /u/Iron_Spine_phoenix [link] [comments]

Nikkei, Yen, Hang Seng: Asia's stock markets defy Middle East worries thanks to AI boom

Technology stocks and semiconductor stocks in particular are rising on the Asian markets, while ongoing tensions in the Middle East are causing oil prices to continue to rise.

Oil Prices Rise as Israel Expands Lebanon Offensive

Oil prices climbed in early Asian trading on Monday as Israeli troops moved further into Lebanon over the weekend, adding fuel to fears that the broader Middle East conflict is moving toward escalation rather than a peace deal. At the time of writing, West Texas Intermediate crude was up 2.88% at $89.88 per barrel, while Brent crude had risen 2.43% to trade at $93.33 per barrel. The latest escalation in the regional conflict came after Israeli troops crossed the Litani River, having declared all

Malaysia bars under-16s from social media as new rules come into force

Malaysia began enforcing age verification requirements for social media platforms on Monday, barring children under 16 from opening new accounts and requiring all existing users to confirm their identities using official government documents. The measures come into force under the Online Safety Act 2025 and are being implemented by the Malaysian Communications and Multimedia Commission (MCMC) through two complementary frameworks: the Child Protection Code, which obliges platform providers to...

Traffic: Freenow boss calls for minimum prices for rental car trips

The Freenow platform arranges taxi rides via app. Your Germany boss is demanding minimum prices for rental car rides because Uber and Bolt are driving down prices. Such a rule now applies in Cologne.

Social media: Sowing doubt for clicks - Why influencers warn against rapeseed oil

Nutrition experts expressly recommend rapeseed oil. Some influencers still warn against the vegetable oil. What is their motivation?

Who benefits from the ‘significant improvement’ in Hong Kong’s finances?

It’s that time of the year again – tax season, so don’t forget to fill out your return. It’s also the time of the year when the Hong Kong government decides on pay rises for its civil service staff of over 170,000. There’s a well-established system for deciding on pay rises. It includes the pay trend survey submitted to the government last week. Its preliminary results indicate that civil servants are in line for wage increases of 4.12 per cent for senior civil servants, 2.64 per cent for...

The Story of Foxtrot: A Messy Private Restructuring Highlighting Successor Liability Questions

Really interesting story in the corporate bankruptcy/restructuring world on the private side. The most comprehensive coverage is in a write up by MotherJones which I can't link here. They're not shy with their perspective on PE as a whole, but their article is the most complete versus the bits and pieces coverage from most sites. https://www.cbsnews.com/chicago/news/foxtrot-market-and-doms-kitchen-file-for-bankruptcy/ https://chicago.eater.com/2024/5/16/24157698/foxtrot-bankruptcy-auction-comeba

Oil jumps 2% as Israel expands Lebanon offensive, rattling ceasefire hopes

Oil prices surged on Monday after Israel instructed troops to push deeper into Lebanon amid renewed clashes with the Iran-backed Hezbollah group.

Myanmar’s China-backed mega dam revival risks Kachin rebel backlash

Deep in the forested highlands of northern Myanmar, where the Irrawaddy River rises from two tributaries in the hills of Kachin state, a contentious infrastructure project is stirring again – and threatening to reopen wounds that never fully healed. The Myitsone Dam, a US$3.6 billion Chinese-financed hydroelectric megaproject that was shelved more than a decade ago after igniting a storm of popular fury, is back on the table. Myanmar’s military rulers have begun holding public consultations on..

Oil rises, U.S. stock futures flat as Wall Street looks to extend its winning streak

U.S. stock-index futures were little changed on Sunday, as Wall Street looks to stretch the market’s record-setting rally into June.

Chinese EV makers shift focus from price wars to AI capability: Morgan Stanley

The focus of competition for Chinese electric vehicles (EVs) is shifting from prices to artificial intelligence capability, as carmakers try to manage weakening demand amid tightened regulations, according to Morgan Stanley. The push in AI would likely bring models with conditionally autonomous driving capability, or Level 3 (L3), to market, said Tim Hsiao, head of the Greater China auto and shared mobility research team at Morgan Stanley, in a recent interview with the South China Morning Post.

is oil all about hormuz now

submitted by /u/FF430 [link] [comments]

Ambivalent feelings: Holidays etc.: What if I can't enjoy beautiful things?

Travel, wedding, concert: If we catch ourselves not savoring something beautiful, we quickly feel guilty. There is usually a reason for this. An expert reveals how to track him down.

On fire safety, Hong Kong needs a mindset change

Hong Kong simply has not developed the right mindset with respect to fire safety. Unless prompt, effective action is taken, we could be looking at more tragedies like the Wang Fuk Court disaster in Tai Po. The numbers are stark and overwhelming, yet the context from which they have been derived is even more frightening. In January and February this year, the Fire Services Department inspected some 1,500 residential and mixed-use buildings planned at least 39 years ago. The exercise resulted in..

Osaka utility fired up to build new LNG power plants: president

The Iran War’s First 90 Days Upended Energy Markets

The Iran war suddenly turned what had started as a year of oversupply in global oil and LNG markets into the worst oil and gas supply disruption in history. Three months after the U.S.-Israeli strikes on Iran began on February 28, the world has already lost 1 billion barrels of crude oil supply, oil and gas prices have found a new, much higher floor, and whipsaw with violent volatility nearly every day, trade routes have shifted, and tanker rates have spiked. Actual supply shortages are emerging

Best investment for a short period of time

Hello, Let's assume I have a mid-five-digit amount available for a few months. Where do I put it to multiply it to the maximum? Simply into a current account? I don't want to use something that can reduce this, just something where it is located and ideally always accessible. Thank you for tips submitted by /u/LANDVOGT-_ [link] [comments]

Fund-linked pension insurance in structural sales Onesty Finance - cost structure and exit through lawsuit

TRIGGER WARNING: The following paragraphs contain scenes of extreme financial cruelty - if you love your A2PKXG, you better sit down and take a deep breath. On WSB, this form of retirement provision could be offered under the Loss Porn tag. My aim is to clearly reveal the cost structures in this structured sales system - as a warning and call for vigilance if the name is ever mentioned in your environment. A relative became the RV, classically based on a structural sales model