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Bank of America

Opinion | Why Chinese property stocks’ fortunes are finally looking up

by Anas Siddiqui
Opinion | Why Chinese property stocks’ fortunes are finally looking up

The persistent deterioration in the housing sector has “breached policymakers’ pain threshold, pushing them to step up housing easing and shift the strategic focus towards digesting existing inventory,” Goldman Sachs …

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Saudi Arabia’s PIF, Michael Burry’s Scion ride the rally in Chinese stocks as they boost stakes in Alibaba and JD.com

by Anas Siddiqui
Saudi Arabia’s PIF, Michael Burry’s Scion ride the rally in Chinese stocks as they boost stakes in Alibaba and JD.com

Some heavyweight global investors may have timed their purchase of Chinese blue chips to perfection in the first quarter as the stock market gained momentum, while others may have missed …

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Opinion | Why rally in Chinese stocks is hardier than doubters think

by Anas Siddiqui
Opinion | Why rally in Chinese stocks is hardier than doubters think

The China trade is back. Since its low on January 22, the MSCI China Index, which tracks stocks listed at home and abroad, has risen 28 per cent after falling …

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Tata Motors: Tata Motors looks to spin off its NBFC arms, merge with IPO-bound Tata Capital

by Horatio Thompson
Tata Motors: Tata Motors looks to spin off its NBFC arms, merge with IPO-bound Tata Capital

Tata Motors is planning to hive off its vehicle financing subsidiaries under Tata Motors Finance Ltd by way of a merger with Tata Capital, to streamline its operations and deleverage …

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In Asia, US dollar’s growing strength gives rise to stability concerns, suspected rate intervention

by Walter Watson
In Asia, US dollar’s growing strength gives rise to stability concerns, suspected rate intervention

The US dollar index has risen by more than 4 per cent since the start of the year, triggering alarm bells among central banks in Asia that are running significant …

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Switching Your Credit Card May Not Stop a Streaming Service’s Recurring Charges

by Ron Morgan
Switching Your Credit Card May Not Stop a Streaming Service’s Recurring Charges

Millions of Americans pay for streaming services, doling out anywhere from $5 to $75 a month. It’s a common belief that you can get out of recurring charges like this …

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Bank of America to Fund Conservation Projects at 24 Museums Worldwide

by Haddis Thomas
Bank of America to Fund Conservation Projects at 24 Museums Worldwide

Claude Monet, Waterlilies, (1914-1915). Portland Art Museum/Museum purchase: Helen Thurston Ayer Fund A 20th-century Monet, a contemporary LED installation by Jenny Holzer and a duo of Japanese wooden statues will …

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China’s exporters shun the yuan, embrace alternatives as depreciation fears build

by Anas Siddiqui
China’s exporters shun the yuan, embrace alternatives as depreciation fears build

“Perhaps, on the one hand, it is because the economy and exports are not that good, and everyone is earning fewer dollars. On the other hand, companies like us that …

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Tesla’s Q1 net income down 55% year over year

by Anas Siddiqui
Tesla’s Q1 net income down 55% year over year

Tesla’s first-quarter net income plummeted 55 per cent, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate the production of new, more affordable …

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Bank of America cuts back on office space in Hong Kong amid impending new supply

by Anas Siddiqui
Bank of America cuts back on office space in Hong Kong amid impending new supply

US banking giant Bank of America plans to relinquish a big chunk of prime office space in Hong Kong as part of cost-saving measures in response to the headwinds facing …

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