Finance news

Woman, 50, arrested for murder after minibus stop fight in Hong Kong

Hong Kong police have arrested a 50-year-old woman after she became involved in a brawl at a minibus station with another woman who later died. A police spokesman said officers received a report at 10.31pm on Wednesday that the two women were fighting at the minibus stop outside Wah Chui House at Wah Fu (II) Estate in Aberdeen. When officers arrived at the scene, a 53-year-old woman was found lying unconscious on the ground. She was taken to Queen Mary Hospital, where she was pronounced dead at.

Is China’s biggest daily US soybean order confirmation of Xi-Trump summit pact?

China made its largest daily purchase of soybeans from the United States since November on Wednesday, the latest sign of improving trade ties as Beijing moves towards fulfilling commitments announced after US President Donald Trump’s summit with Chinese leader Xi Jinping. The US Department of Agriculture said private exporters reported sales of 472,000 tonnes of soybeans for delivery to China, the greatest daily export sale to the country since November. “China has a long way to go to reach...

Before the “midterms”: Allegations of abuse: US Democrat Platner announces withdrawal

Accusations from former partners are overshadowing the election campaign of a key US Democratic candidate - now he is dropping out. However, he does not want his renunciation to be understood as an admission of guilt.

AirPods maker Luxshare slides over 5% in Hong Kong debut

The company, which is already listed in Shenzhen, had priced shares in the IPO at 63.28 Hong Kong dollars apiece, raising HK$24.27 billion ($3.09 billion).

Platner quits Maine Senate race; Democrats set to pick new nominee

Maine Democrats must now replace Platner with less than four months until the midterm elections.

Malaysians in Hong Kong locked out of state elections amid tight voting deadlines

Jack Yu wants to vote in Saturday’s crucial election in his home state of Johor, Malaysia, but being based in Hong Kong has left him frozen out after he missed the short window to register for a postal vote. Hong Kong is home to an estimated 15,000 Malaysians working across finance to hospitality, according to the Southeast Asian nation’s consulate general. Many remain closely engaged with politics back home – more so when the result could reshape the balance of power in Putrajaya. Yu, 36,...

Legal tender and electronic payments – can we insist on paying in cash?

When a tourist tried to pay for a burger in cash at a Tsim Sha Tsui restaurant in 2023, staff refused. The outlet accepted only cards and electronic wallets. The episode went viral, with debate raging over whether or not this is legal. After all, Hong Kong bank notes and coins constitute legal tender in Hong Kong under the Legal Tender Notes Issue Ordinance and the Coinage Ordinance, and the concept of legal tender is enshrined in the Basic Law (Article 111). What’s the use of having legal...

Sexual offences law review a chance to make clear what constitutes abuse

In recent years, Hong Kong society has repeatedly confronted the realities of sexual violence, sexual harassment and online sexual exploitation. Survivors’ experiences have made it clear that our sexual offences law is no longer adequate for the world we live in today. Against this backdrop, the government has issued a consultation paper on improving the laws on sexual offences in Hong Kong. It aims to clarify and give a concrete definition to “consent” and to build a modern framework for...

China husband says ‘I love you’ after wife wakes him from vegetative state by biting his toes

A woman in central China has captured the hearts of many online after helping her husband emerge from a years-long vegetative state by biting his toes to stimulate his nerves. Song Mei, 45, a former kindergarten art teacher from Henan province, and her husband Zhao Jinqian, a waterproofing worker, had lived modestly with their two children before tragedy upended their lives. Local reports described the couple as generous even when it exceeded their means. Song gave free painting lessons at home.

Saudi Arabian tech giant eyes Hong Kong as Asia gateway and smart city partner

A Saudi Arabian tech giant has made Hong Kong its first stop on its maiden visit to Asia, expressing strong interest in partnering with local authorities to co-develop a smart city and establish a strategic gateway to the broader regional market. The remarks on Wednesday followed the opening of LEAP East 2026, the inaugural Hong Kong edition of the global tech event, where Financial Secretary Paul Chan Mo-po highlighted deepening ties between the two regions. Chan said he would lead a business..

Rights offering on RQI - does it make sense to exercise ?

RQI is doing a rights offering: https://assets-prod.cohenandsteers.com/wp-content/uploads/2026/06/22135328/CNS_Quality_Income_Realty_Fund.pdf price is calculated according to this formula: "Subscription price will be based upon a formula equal to the higher of 92.5% of the average market price on expiration date and the four preceding trading days on the NYSE or 90% of the average of net asset value (“NAV”) on expiration date and the four preceding trading days (the “Subscription Price”)". Right

World Cup drives Google Search to record queries per second

The milestone comes amid Lionel Messi and Argentina's popularity.

How would you continue?

Hello everyone :) I would like to hear your opinion on my current financial situation and whether I am on the right track when it comes to building wealth or whether you would do something differently. I am a civil servant in A7 in Hamburg and earn around €3,000 net per month. My monthly fixed costs are around €1,350. This already includes rent, food, insurance, electricity, internet, gas and actually all ongoing expenses. Expensive hobbies or other costly things

1 in 5 USB drives recommended on Amazon have complaints about faked storage

Webull to offer commission-free trades of US stocks in Japan

Myanmar has ‘a mountain to climb’ to woo 2 million tourists a year

Myanmar’s dream of achieving 2 million tourist arrivals annually – seen to be an effort by the junta-led government to secure global legitimacy – is fraught with hurdles, analysts warn. Authorities have been ramping up efforts to bolster Myanmar’s tourism sector, which fell following the 2021 coup that led to widespread civil unrest across the country. Over 100,000 deaths have been logged since the crisis, according to conflict monitor Armed Conflict Location and Event Data. More than 973,000...

$130 Billion in AI Data Centers were Just Blocked. Where Does the AI Boom Go Now

In September, Google walked away from a $1 billion data center outside Indianapolis, pulling its Franklin Township proposal minutes before the city-county council was set to vote it down. It wasn’t an isolated incident. Communities across the United States have now blocked or delayed more than $130 billion in AI data centers in the first three months of 2026, refusing projects the industry's biggest names assumed they could build anywhere. This is the problem Bitzero (Nasdaq: AIBZ) spent the las

Insider report: US states apparently facing legal action against Paramount takeover of Warner

According to a report by the Reuters news agency, the mega merger could face further headwinds. Advocacy groups warn of rising prices and job losses.

Pick and Shovel AI Investing

Of course everyone knows that investing in GPUs and memory make sense when investing in AI. I feel like other pick and shovel industries haven’t yet seen the boom though like Power Generation, Electrical Equipment, and Cooling Technology. I’m curious if anyone has researched these industries and might have more insight into which companies could be the leaders in these technologies and might see the next wave of a boom? submitted by /u/0dojob0 [link] [comments]

When will Hong Kong’s retail leasing market see a turnaround?

Hong Kong’s retail leasing market remained under pressure with rental rates far below the pre-pandemic levels, while Beijing’s crackdown on capital flight and a potential rate hike in the second half of the year by the US Federal Reserve would add to sector uncertainties, according to analysts. The food and beverage sector has seen numerous closures of both casual eateries and high-end restaurants in recent months. Fast-food chain Maxim’s MX scaled back operations and closed its South Horizons..

Are Our 401k Projections/Assumptions Correct? 10% Employer 401k Match.

Are Our 401k Projections/Assumptions Correct? 10% Employer 401k Match. Spouse is 35. Currently starting to fund the 401k. 20k Balance in Vanguard 2055 Target Date Fund. Historical Average is 10.7%. 401k is Employer matched. First 3% is 200% and next 4% is 100% Match. Essentially a 10% total match if employee contributes 7%. If contributing nothing else, it would be 17% of Income (Roth 401k). Currently makes $55,000 per year. 2.5% Annual Increase. She wants to stay with the company, currently in

Migration policy: Son of man killed by ICE: Father was not a criminal

After an ICE officer fatally shot a man in Houston, family, civil rights groups and politicians are calling for an independent investigation. The son makes allegations against the authorities.

Trump says he will ask US Supreme Court to rehear birthright citizenship case

US President Donald Trump said on Wednesday that he would ask the Supreme Court to rehear a case challenging his executive order curtailing birthright citizenship, a long-shot ‌bid to reverse the court’s rejection of one of his signature policies. The court last month rejected Trump’s attempt to restrict birthright citizenship in the US, ruling that his directive violated language in the US Constitution’s 14th Amendment that confers ⁠citizenship to those born in the United States who are...

Levi’s is finding new ways to win customers — by looking toward tops and ‘denim luxury’

Jeans maker raises its full-year outlook for the second straight time, but shares fall after hours

Debate about sick leave: Lang: Don't decide on a “crazy idea” when it comes to sick leave

Given the high level of absenteeism in companies, it will become more difficult to obtain certificates of incapacity for work. Former Green Party leader Ricarda Lang has a clear opinion.

Dangote’s Next Move Could Create the World’s Largest Refinery

Dangote’s 700,000 b/d Lekki refinery has been running at full capacity over the past two months, pushing product exports to Europe to record levels and overtaking traditional suppliers from the Gulf and the US. Its rise has already reshaped the West African fuel trade: imports of clean products from outside the region fell by almost 25% year-on-year in the second quarter. Yet Dangote is treating this only as a starting point. The group plans to add another crude distillation unit (CDU), lift tot

US says China gave only hours’ warning before Pacific submarine missile launch

Washington criticised China on Wednesday for providing only a few hours’ notice ahead of its launch of a submarine-fired ballistic missile into the Pacific, saying Beijing’s actions fell short of standards followed by other major nuclear powers. The US State Department said China failed to provide sufficient information ahead of Sunday’s test, which it said took place amid Beijing’s “rapid and opaque nuclear weapons build-up”. “We monitored China’s submarine-launched ballistic missile test on...

Oil: ExxonMobil invests a billion dollars in Nigeria

The investment marks the US oil company's return to drilling activities in the country. The new project is expected to deliver first production within 18 months.

Trump’s tariff war pushes Brazil’s trade towards China as US share hits record low

The US share of Brazilian exports fell to its lowest level since 1997 in the first half of 2026, while China widened its lead as the country’s top trading partner, according to the American Chamber of Commerce for Brazil, whose report landed as Washington held public hearings on a proposed new round of tariffs against Brazilian goods. American buyers took 9.4 per cent of Brazilian exports between January and June, down from 12.1 per cent a year earlier and the smallest share in the chamber’s...

Jim Cramer sees a big risk to the bull market resurfacing — and it's not the Iran war

CNBC's Jim Cramer said the growing wave of stock offerings and debt issuance is the next big threat to the bull market.