Market News

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.

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Kong soared nearly 4% on Wednesday afternoon trade following reports that a controversial extradition bill is set to be withdrawn.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…

Un oficial de rang inalt al Băncii Centrale Europene a declarat luni ca viitoarea monedă propusă de Facebook, Libra, va genera probleme atât utilizatorilor cât și autorităților de reglementare, fiind astfel cea mai recentă declaratie dintr-o serie de avertismente ale oficialilor guvernamentali. „Sper sincer că cetățenii Europei nu vor fi tentați să abandoneze siguranța și…

The Board of the Bank decided to leave the cash rate unchanged at 1%. The outlook for the global economy remains reasonable, although the risks are tilted to the downside. The trade and technology disputes are affecting international trade flows and investment as businesses scale back spending plans due to the increased uncertainty. At the…

Dolarul american crește în raport cu principalele monede în urma încercărilor Statelor Unite și Chinei de stabilire a unei date de întâlnire pentru continuarea negocierilor comerciale. Dolarul american înregistrează cea mai mare creștere, în timp ce prețul contractelor futures SP500 scade cu 0,6% ca răspuns la știrile de ieri seară, potrivit cărora Statele Unite și…

Autoritățile chineze au anunțat vineri că producatorul american de masini electrice Tesla (TSLA) a câștigat o scutire de la o taxă de achiziție in valoare de 10%, ceea ce va reduce prețul final pe care clienții din cea de-a doua economie a lumii vor trebui să îl plătească pentru Modelul 3, Modelul S sau Modelul…

Argentina’s government has imposed currency controls in a bid to stabilize financial markets, as Latin America’s third-largest economy faces a deepening economic crisis. The temporary measures, announced on Sunday, allow the government to restrict foreign currency purchases following a sharp drop in the super-sensitive peso. All companies must now request permission from Argentina’s central bank…