Fitch Ratings has downgraded Hong Kong’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘AA’ from ‘AA+’, according to a press release from the company.
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The valuation targets for controversial real estate company WeWork are being dramatically lowered and the real estate company may not go public next week, according to CNBC. „Even at a $25 billion valuation, the demand is not there”. WeWork last raised money at a $47 billion valuation in the private market. WeWork’s earlier valuation came…
Vienna Insurance Group (VIG) starts operating in Sweden, Norway, Denmark and Finland. A locally established team of VIG underwriters will be offering insurance solutions to corporate customers through brokers. Branch offices are planned in Stockholm, Copenhagen and Oslo, Finnish customers will be serviced within the framework of the freedom to provide services. With its nearly…
Stocks in Hong Kong soared nearly 4% on Wednesday afternoon trade following reports that a controversial extradition bill is set to be withdrawn. By the market close, the Hang Seng index had jumped 3.9% to 26,523.23, paring some gains after surging as high as more than 4% earlier. Hong Kong leader Carrie Lam will reportedly…
MiCA este prescurtarea de la Markets in Crypto-Assets Regulation, adică regulamentul european privind piețele de criptoactive. Pe scurt, MiCA este cadrul prin care Uniunea Europeană încearcă să aducă mai multă...
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