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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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New Business

Yuan’s long-term hedge costs equalise for first time since 2011

An options market gauge showing the cost to hedge against declines or advances in the yuan has turned neutral for…

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New Business

Exclusive | China’s sovereign fund sidelines executives amid worries over US scrutiny

China’s flagship sovereign wealth fund has moved three of its managing directors to new, subordinate roles, sources told the Post,…

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New Business

China’s property sector needs stronger stimulus: Citigroup economist

Stronger stimulus measures are needed to halt the decline in China’s embattled property sector, as Beijing aims to guide the…

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New Business

As China’s central bank projects confidence, are rate cuts on the back burner?

China’s central bank vowed to maintain an accommodative monetary policy stance and improve policy transmission to support the “steady” economy…

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New Business

China’s humanoid robots get factory jobs as UBTech’s model scores US$112 million in orders

Chinese companies are populating factory floors with human-shaped robots, according to Shenzhen-based UBTech Robotics, which claims to have racked up…

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New Business

Hong Kong stocks advance on Amazon-OpenAI tech alliance despite Fed uncertainty

Hong Kong stocks edged up on Tuesday, helped by a tech rally sparked by Amazon’s US$38 billion partnership with OpenAI,…

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New Business

What AI means for finance graduates: fewer entry roles, but faster career paths

As anxiety grows that artificial intelligence will replace human labour, young finance professionals are confronting a harsher reality: entry-level work…

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New Business

China shift to higher-end exports boosts margins, mutual gains as US reliance dips: report

Flagship Chinese companies, spanning sectors from tech to retail, are increasingly shunning the United States and expanding in less-developed markets…

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New Business

Soho China tycoon Zhang Xin buys land in NYC’s tony Upper East Side for luxury condos

Zhang Xin, a Chinese property billionaire whose co-founded company Soho China was behind many projects that gave Beijing its futuristic…

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