Hong Kong criminalizes CBD as a “dangerous drug” along with heroin

Hong Kong CNN – Two years in the past, cannabidiol was booming in Hong Kong. The compound, generally known as CBD, has been popping up in cafes, eating places and retailers, as firms keen to affix an thrilling new market already well-established in nations world wide. All of it got here to an finish on … Read more

Hong Kong Internet Shout out Gong Hee Fat Choi, week in review

China final night time Crane per week in assessment China launched 2022 financial knowledge this week. GDP grew +3.0% whereas retail gross sales fell -0.2%, lower than anticipated. Chewy founder Ryan Cohen pronounces a stake in Alibaba and is looking for extra share buybacks primarily based on the corporate’s low valuation. World financial leaders collect … Read more

China’s video game makers are coming in cold as crackdowns ease

HONG KONG (Reuters) – China’s finish to an enormous crackdown on the online game market is predicted to revive the battered trade this yr, however remaining restrictions on some content material and financial headwinds will restrict the extent of the restoration. Extreme restrictions imposed by Beijing in 2021 have laid waste to the as soon … Read more

Markets Rise on Epic Foreign Influx as Internet Stocks Climb Wall of Worry, Week in Review

China final night time Crane per week in assessment China CPI for December was launched at +1.8% vs +1.6% in November, assembly expectations of 1.8%. On Wednesday, the World Financial institution halved its international GDP progress forecast for 2023, although it expects China’s GDP progress to be forward of the pack. The China Passenger Car … Read more

Job cuts at Goldman impacted investment banking and global markets

Mass repetition, spending evaluate seduces the Wall Road large Reductions in all main divisions anticipated globally Restructuring within the Asian wealth unit begins layoffs on Wednesday New York / London / Hong Kong (Reuters) – Goldman Sachs (GS.N) The layoffs on Wednesday started in an all-out cost-cutting marketing campaign, with a couple of third of … Read more

Travelers are rushing to take advantage of China’s reopening

BEIJING (AP) — Two years after separating from his spouse in mainland China, Hong Kong resident Cheung Sing-pun made certain he was among the many first in line after border crossing factors reopened Sunday. The flexibility of residents of the semi-autonomous southern Chinese language metropolis to cross is among the most seen indicators of China’s … Read more

Asian stocks weigh China risks, and the yen hit a 6-month high

https://tmsnrt.rs/2zpUAr4 Asian markets recovered early losses, and US inventory futures had been flat The greenback broke beneath the 130 yen help stage to achieve a 6-month low International development fears are weighing on oil costs, however gold is rallying SYDNEY (Reuters) – Asian shares recovered from early losses on Tuesday as traders weighed the near-term … Read more