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Chow Tai Fook sells Australian energy assets to Singapore group for US$4.3 billion

Chow Tai Fook Enterprises (CTFE), the parent company of embattled Hong Kong developer New World Development (NWD), is selling Australian…

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Gold prices could hit record highs of over US$4,900 next year: forecasts

Several major banks forecast that gold prices will shake off a recent correction and hit an all-time high next year,…

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Hong Kong developers Emperor and Lai Sun find relief amid debt pressures

Emperor International Holdings has secured bank approval to resume borrowing under existing terms by nearly two years, providing the embattled…

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Hong Kong retail investors still flock to US tech stocks like Nvidia amid AI bubble fears

Hong Kong’s retail investors are still flocking to US artificial intelligence and other tech stocks despite market volatility, but early…

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Hong Kong developer NWD denies rumours of scramble to manage debt, secure equity financing

New World Development (NWD) denied market speculation that it is conducting a liability-management exercise involving its perpetual bonds or other…

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NWD reports losses for second straight year as CEO says debt reduction efforts yield results

New World Development (NWD), controlled by one of Hong Kong’s richest families, reported losses for the second consecutive year even…

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Stock bulls everywhere beware: the US market rally narrative is loaded with risks

Bullish sentiment towards stocks is rampant in the US, as one Wall Street strategist after another raises their target for…

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Chinese EV maker Nio eyes US$1.1 billion in proceeds from share placement

In a statement on Wednesday, the Shanghai-based carmaker said 181.8 million new shares would be issued, which would be allocated…

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Wealthy Asians turn to secondary private equity amid geopolitical, economic strains

Wealthy investors across Asia are increasingly buying into the US$210 billion secondary private-equity market, betting on bargains and cash flow…

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Chen Feng, founder of Chinese conglomerate HNA, sentenced to 12 years in prison

Chen Feng, a founder of the defunct Chinese conglomerate HNA Group, has been sentenced to 12 years in prison and…

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