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Stock-Exchange

NetEase’s music-streaming service goes down for 2 hours after ‘infrastructure failures’

by Haddis Thomas
NetEase’s music-streaming service goes down for 2 hours after ‘infrastructure failures’

NetEase Cloud Music, the Hong Kong-listed Chinese music-streaming service with more than 200 million monthly active users, reported a widespread outage for over two hours on Monday afternoon, blaming infrastructure …

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Hong Kong exchange will promote yuan products, rebuild IPO status, new HKEX chairman vows

by Anas Siddiqui
Hong Kong exchange will promote yuan products, rebuild IPO status, new HKEX chairman vows

Hong Kong Exchanges and Clearing (HKEX), which operates Asia’s third-largest stock market, will introduce more yuan products and more measures to boost the exchange’s international status, said its chairman Carlson …

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Hong Kong’s Vitasoy reports 155% profit growth on new flavours, retail improvement

by Anas Siddiqui
Hong Kong’s Vitasoy reports 155% profit growth on new flavours, retail improvement

Hong Kong-based drink company Vitasoy International Holdings recorded a 2.5-fold increase in net profit despite a small revenue decline as a focus on product innovation paid off in successful launches …

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Market manipulators of Hong Kong-listed Ching Lee have sentencing adjourned to July

by Anas Siddiqui
Market manipulators of Hong Kong-listed Ching Lee have sentencing adjourned to July

A sentencing hearing for three individuals convicted in a high-profile market manipulation case involving Hong Kong-listed Ching Lee Holdings has been adjourned until July, according to court officials. Additional time …

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Global News lays off employees in Alberta, British Columbia and Ontario

by Anas Siddiqui
Global News lays off employees in Alberta, British Columbia and Ontario

More than two dozen people in Alberta, British Columbia and Ontario have been let go from their jobs at Global News this week, with its parent company placing blame on “the current economic …

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Indigo shareholders vote in favour of privatization sale to companies owned by CEO’s spouse

by Anas Siddiqui
Indigo shareholders vote in favour of privatization sale to companies owned by CEO’s spouse

Indigo Books & Music Inc. shareholders have voted to approve a deal that will see the retailer become a private company. Shareholders voted Monday in favour of a $2.50 per …

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Hong Kong, mainland China tax waivers a ‘win-win’ for capital markets’ development, experts say

by Anas Siddiqui
Hong Kong, mainland China tax waivers a ‘win-win’ for capital markets’ development, experts say

Hong Kong and mainland China’s slew of tax incentives to promote cross-border listings and trading will benefit both their capital markets, enhance cross-border trading schemes and further the internationalisation of …

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Shopify’s shares hit a 6-month low after quarterly growth slows

by Anas Siddiqui
Shopify’s shares hit a 6-month low after quarterly growth slows

Canadian e-commerce platform Shopify forecast its slowest quarterly revenue growth in two years against the backdrop of an uncertain economy and tepid consumer spending, sending its shares slumping about 20 …

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Hong Kong virtual lender ZA Bank eyes retail services for digital assets as new regulations come into effect in June

by Anas Siddiqui
Hong Kong virtual lender ZA Bank eyes retail services for digital assets as new regulations come into effect in June

ZA Bank’s planned expansion into the digital asset sector comes as Hong Kong’s mandatory licensing regime for centralised cryptocurrency exchanges takes effect from June 1. (From left) ZA Bank’s alternate …

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TD Bank could face more severe penalties after drug money laundering allegations, says analyst

by Anas Siddiqui
TD Bank could face more severe penalties after drug money laundering allegations, says analyst

TD Bank Group could be hit with more severe penalties than previously expected, according to a banking analyst, after a report that the investigation it faces in the U.S. is tied …

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