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Mystery big spender snaps up 26 Hong Kong flats for HK$150 million in 1-day shopping spree

A mystery buyer splurged HK$150 million (US$19.3 million) to snap up 26 new flats in Hong Kong’s Kai Tak district…

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New Business

Hong Kong’s IPO market to end 3-year slump amid China support, rising confidence

Initial public offerings (IPOs) in Hong Kong are bouncing back, shaking off a slow start to the year as more…

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New Business

Opinion | An America awash in global capital risks spreading financial instability

The curse of wealth has come upon America – that of abundant capital inflows, inflated financial asset values and a…

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New Business

Opinion | South Korea, Australia show rate cuts are no cure-all for property markets

In South Korea, for example, the mere expectation that borrowing costs will soon be reduced has contributed to a sharp…

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New Business

Small US inflation pickup in July will do little to derail the Fed’s rate cut in September

The July jobs report showed US employers substantially scaled back hiring and the unemployment rate rose for a fourth month,…

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New Business

Opinion | Japan stock shock shows volatility is back with a vengeance

What is going on? Japanese Prime Minister Fumio Kishida proclaims his “new capitalism”, Japanese investors pile into stocks, driving the…

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New Business

Apple, Nvidia lead sell-off as stock markets plunge on US recession fears

US stock futures sunk as investors’ concerns deepened over a slowing US economy and an overheated rally in the tech…

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New Business

Panda bond sales hit record as cheap credit lures global issuers

Sales of panda bonds jumped to a record US$17 billion so far this year, as foreign borrowers piled into China’s…

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New Business

Chinese top buyers of US property for 11th year, but Canadians dominate volume

In terms of volume, Canadians topped the charts, snapping up 7,100 residential units. The Chinese acquired 6,000 homes in the…

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