2 hours ago
Former Manchester City winger Mark Kennedy believes Erling Haaland is the perfect candidate to take on the captaincy role.
City have jetted off for their pre-season tour of Hong Kong and Seoul, but Enzo Maresca is yet to name the new club captain.
Speaking to BBC Radio Manchester, Kennedy said: "Every time I watch City I see a leader [in Erling Haaland].
"I see someone driving the team forward and someone not giving up. Every time I watch City, he catches my eye in terms of his leadership qualities."
During the 2024-25 campaign, Haaland captained Guardiola's side on occasions, but was not named the outright skipper for his side.
#kennedy
City have jetted off for their pre-season tour of Hong Kong and Seoul, but Enzo Maresca is yet to name the new club captain.
Speaking to BBC Radio Manchester, Kennedy said: "Every time I watch City I see a leader [in Erling Haaland].
"I see someone driving the team forward and someone not giving up. Every time I watch City, he catches my eye in terms of his leadership qualities."
During the 2024-25 campaign, Haaland captained Guardiola's side on occasions, but was not named the outright skipper for his side.
#kennedy
6 hours ago
Wall Street just delivered one of its most impressive earnings weeks in history, with the five largest US banks reporting a combined net income of around $49 billion in the second quarter of 2026, up 39% year-over-year, and combined trading revenue close to $39 billion.
Global investment banking income managed to reach $61.4 billion in the first half of the year, a 24% increase over 2025, with **** eX's record-breaking IPO alone accounting for an estimated $500 million in underwriting fees for the banks leading it.
Morgan Stanley (NYSE:MS) came in with arguably the best result of the group. The company achieved an undeniable Q2 earnings beat, achieving record net revenue of $21.35 billion, an 8.6% surprise over the $19.65 billion consensus expectation, marking a 27.1% increase year-over-year and a 4% sequential gain. Diluted earnings per share increased 62.4% year-over-year to $3.46, solidly above Wall Street's $2.92 projection and boosting first-half return on tangible common equity (ROTCE) to an impressive 26.6%. Following the report, Freedom Broker upgraded Morgan Stanley to Buy from Hold on July 17, raising the price objective to $245 from $200.
Meanwhile, equities trading revenue reached an all-time high of $6.3 billion, roughly $1.9 billion higher than **** ysts had predicted, with Morgan Stanley (NYSE:MS) citing general strength across its equities franchise, especially "strength in Asia," a phrase now heard in almost every major bank's earnings call as the AI trade spreads far beyond US markets to Hong Kong, India, **** an, and South Korea.
While turbulent equities trading provided the headlines, Morgan Stanley (NYSE:MS)'s primary competitive advantage is its recurring Wealth and Investment Management franchise, which offers a high-margin buffer against market downturns. Wealth Management earned a record quarterly revenue of $8.9 billion, up 14% year-over-year, with a strong 30.5% pretax margin, driven by higher **** et management fees and net interest income. During the quarter, the company added a record $148 billion in net new **** ets, bringing total client **** ets throughout Wealth and Investment Management above the $10 trillion level.
#billion #NYSE #wealth
Global investment banking income managed to reach $61.4 billion in the first half of the year, a 24% increase over 2025, with **** eX's record-breaking IPO alone accounting for an estimated $500 million in underwriting fees for the banks leading it.
Morgan Stanley (NYSE:MS) came in with arguably the best result of the group. The company achieved an undeniable Q2 earnings beat, achieving record net revenue of $21.35 billion, an 8.6% surprise over the $19.65 billion consensus expectation, marking a 27.1% increase year-over-year and a 4% sequential gain. Diluted earnings per share increased 62.4% year-over-year to $3.46, solidly above Wall Street's $2.92 projection and boosting first-half return on tangible common equity (ROTCE) to an impressive 26.6%. Following the report, Freedom Broker upgraded Morgan Stanley to Buy from Hold on July 17, raising the price objective to $245 from $200.
Meanwhile, equities trading revenue reached an all-time high of $6.3 billion, roughly $1.9 billion higher than **** ysts had predicted, with Morgan Stanley (NYSE:MS) citing general strength across its equities franchise, especially "strength in Asia," a phrase now heard in almost every major bank's earnings call as the AI trade spreads far beyond US markets to Hong Kong, India, **** an, and South Korea.
While turbulent equities trading provided the headlines, Morgan Stanley (NYSE:MS)'s primary competitive advantage is its recurring Wealth and Investment Management franchise, which offers a high-margin buffer against market downturns. Wealth Management earned a record quarterly revenue of $8.9 billion, up 14% year-over-year, with a strong 30.5% pretax margin, driven by higher **** et management fees and net interest income. During the quarter, the company added a record $148 billion in net new **** ets, bringing total client **** ets throughout Wealth and Investment Management above the $10 trillion level.
#billion #NYSE #wealth
6 hours ago
By Jody Godoy and Arriana McLymore
NEW YORK, July 28 (Reuters) - Shein, the online fast-fashion retailer, said its U.S. operations are under investigation by the U.S. Federal Trade Commission and that it could face significant fines as a result, according to documents filed in connection with its planned Hong Kong IPO.
Shein is cooperating with the probe, the Chinese-founded company said in the documents published by the Hong Kong stock exchange on Sunday.
"The outcome of the investigation, whether in settlement or otherwise, may require us to make significant monetary payments that could have a material adverse effect on our financial condition and results of operations," the company said in the filing.
An FTC spokesperson confirmed on Tuesday the agency is conducting a consumer protection investigation into Shein. The FTC enforces U.S. laws against unfair and deceptive business practices.
#documents #jody
NEW YORK, July 28 (Reuters) - Shein, the online fast-fashion retailer, said its U.S. operations are under investigation by the U.S. Federal Trade Commission and that it could face significant fines as a result, according to documents filed in connection with its planned Hong Kong IPO.
Shein is cooperating with the probe, the Chinese-founded company said in the documents published by the Hong Kong stock exchange on Sunday.
"The outcome of the investigation, whether in settlement or otherwise, may require us to make significant monetary payments that could have a material adverse effect on our financial condition and results of operations," the company said in the filing.
An FTC spokesperson confirmed on Tuesday the agency is conducting a consumer protection investigation into Shein. The FTC enforces U.S. laws against unfair and deceptive business practices.
#documents #jody
15 hours ago
FC Bayern head off on the Audi Summer Tour for the tenth time – and this time the German champions are going back to Asia from 1 to 8 August! The trip will initially take them to the island of Jeju in South Korea, and then onto the bustling metropolis of Hong Kong. As sporting highlights, there are two friendlies lined up, while fans can also look forward to attractive events and open training sessions. We'll be keeping you up to date on the tour with daily coverage on our website fcbayern.com, in the official FC Bayern app and on our social media channels.
Here's what you can look forward to in South Korea and Hong Kong as well as on our platforms:
On Tuesday 4 August, FC Bayern will play Korean Red&Gold partner club Jeju SK FC. Then on Friday 7 August, Vincent Kompany's side go up against Europa League winners Aston Villa in the Audi Football Summit at the Kai Tak Stadium in Hong Kong. You can watch live streams of both matches on FC Bayern TV PLUS. As usual, we'll report live from the stadium for you. Whether it's live text commentary, the match report, post-match reaction or press conference, you won't miss a thing with us!
If you want to be there yourself, tickets can be purchased from this link. Information for fans attending the match on Jeju can be found here, while information for the match against Aston Villa in Hong Kong is available from this link.
As well as the games against Jeju SK FC and Aston Villa, we're showing other pre-season friendlies on FC Bayern TV PLUS:
#jeju #audi
Here's what you can look forward to in South Korea and Hong Kong as well as on our platforms:
On Tuesday 4 August, FC Bayern will play Korean Red&Gold partner club Jeju SK FC. Then on Friday 7 August, Vincent Kompany's side go up against Europa League winners Aston Villa in the Audi Football Summit at the Kai Tak Stadium in Hong Kong. You can watch live streams of both matches on FC Bayern TV PLUS. As usual, we'll report live from the stadium for you. Whether it's live text commentary, the match report, post-match reaction or press conference, you won't miss a thing with us!
If you want to be there yourself, tickets can be purchased from this link. Information for fans attending the match on Jeju can be found here, while information for the match against Aston Villa in Hong Kong is available from this link.
As well as the games against Jeju SK FC and Aston Villa, we're showing other pre-season friendlies on FC Bayern TV PLUS:
#jeju #audi
1 day ago
Chelsea are finalising a move for Brighton striker Danny Welbeck after he was given permission to have a medical at Stamford Bridge.
Welbeck, 35, is set to link up with his new club in Hong Kong next week for pre-season as he prepares to sign a two-year contract.
The move is part of new manager Xabi Alonso's recruitment drive to add experience to Chelsea's squad, which has been the youngest in the Premier League for the past two seasons.
Their focus on youth has been viewed as a factor in their inability to challenge consistently for major honours.
Towards the end of last season's disappointing campaign, when they finished 10th and won nothing, Chelsea co-owner Behdad Eghbali said their recruitment model needed a "tweak".
#welbeck #stamford #bridge #hong
Welbeck, 35, is set to link up with his new club in Hong Kong next week for pre-season as he prepares to sign a two-year contract.
The move is part of new manager Xabi Alonso's recruitment drive to add experience to Chelsea's squad, which has been the youngest in the Premier League for the past two seasons.
Their focus on youth has been viewed as a factor in their inability to challenge consistently for major honours.
Towards the end of last season's disappointing campaign, when they finished 10th and won nothing, Chelsea co-owner Behdad Eghbali said their recruitment model needed a "tweak".
#welbeck #stamford #bridge #hong
1 day ago
Bayern Munich proved to be ahead of the curve with the signing of Moroccan star Ismael Saibari. However, his injury in the game against Canada in the round of 16 ended his run at the World Cup. Now, after examination by Bayern's medical team, the versatile forward is set to join his teammates in the second week of August after they return from their Audi Summer tour.
Per a report by Kicker's Frank Linkesch, Saibari's injury has been inspected by the Bayern medical team in Munich. The diagnosis has revealed a torn muscle fiber in his thigh. The 25-year-old will be missing on the annual Audi Summer tour. The tour will be back in Asia from the 1st to the 8th of August, in the cities of Jeju, South Korea and Hong Kong. Die Roten will be facing Jeju SK FC and the Premier League's Aston Villa respectively.
With Saibari out for another 10 days, returnee Arijon Ibrahimović is likely to get game time in the upcoming friendly fixtures. More players are expected to return from the injury wing for Bayern including Serge Gnabry, Lennart Karl and Alphonso Davies. With the new signings, the club have beefed up a slim but high quality attacking roster to better cope with the gameload.
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New, improved notifications system!
#injury #munich #august
Per a report by Kicker's Frank Linkesch, Saibari's injury has been inspected by the Bayern medical team in Munich. The diagnosis has revealed a torn muscle fiber in his thigh. The 25-year-old will be missing on the annual Audi Summer tour. The tour will be back in Asia from the 1st to the 8th of August, in the cities of Jeju, South Korea and Hong Kong. Die Roten will be facing Jeju SK FC and the Premier League's Aston Villa respectively.
With Saibari out for another 10 days, returnee Arijon Ibrahimović is likely to get game time in the upcoming friendly fixtures. More players are expected to return from the injury wing for Bayern including Serge Gnabry, Lennart Karl and Alphonso Davies. With the new signings, the club have beefed up a slim but high quality attacking roster to better cope with the gameload.
Sign up for a user account and get:
New, improved notifications system!
#injury #munich #august
2 days ago
By Yantoultra Ngui and Selena Li
SINGAPORE/HONG KONG, July 27 (Reuters) - Investors are expected to scrutinise whether Shein can justify the $40 billion to $50 billion valuation it is seeking in a Hong Kong initial public offering after a prospectus filed on Sunday showed slowing growth and a sharp decline in profitability.
Revenue rose 8% to $41.8 billion in 2025, but net income fell 39% to $2.06 billion. In the first quarter of this year, the fast fashion retailer swung to a $99 million loss, the filing showed.
While the quarterly loss partly reflected a $328 million fair-value charge on convertible redeemable preferred shares following an accounting change, slowing revenue growth and weaker core earnings underscore the company's mounting challenges.
"Institutional investors on the HKEX (Hong Kong Stock Exchange) will ... zero in on the 2.9% operating margin," said Winston Ma, executive director of the Global Public Investment Funds Forum and a former managing director at the China Investment Corporation.
#hong
SINGAPORE/HONG KONG, July 27 (Reuters) - Investors are expected to scrutinise whether Shein can justify the $40 billion to $50 billion valuation it is seeking in a Hong Kong initial public offering after a prospectus filed on Sunday showed slowing growth and a sharp decline in profitability.
Revenue rose 8% to $41.8 billion in 2025, but net income fell 39% to $2.06 billion. In the first quarter of this year, the fast fashion retailer swung to a $99 million loss, the filing showed.
While the quarterly loss partly reflected a $328 million fair-value charge on convertible redeemable preferred shares following an accounting change, slowing revenue growth and weaker core earnings underscore the company's mounting challenges.
"Institutional investors on the HKEX (Hong Kong Stock Exchange) will ... zero in on the 2.9% operating margin," said Winston Ma, executive director of the Global Public Investment Funds Forum and a former managing director at the China Investment Corporation.
#hong
2 days ago
By Yantoultra Ngui and Selena Li
SINGAPORE/HONG KONG, July 27 (Reuters) - Investors are expected to scrutinise whether Shein can justify the $40 billion to $50 billion valuation it is seeking in a Hong Kong initial public offering after a prospectus filed on Sunday showed slowing growth and a sharp decline in profitability.
Revenue rose 8% to $41.8 billion in 2025, but net income fell 39% to $2.06 billion. In the first quarter of this year, the fast fashion retailer swung to a $99 million loss, the filing showed.
While the quarterly loss partly reflected a $328 million fair-value charge on convertible redeemable preferred shares following an accounting change, slowing revenue growth and weaker core earnings underscore the company's mounting challenges.
"Institutional investors on the HKEX (Hong Kong Stock Exchange) will ... zero in on the 2.9% operating margin," said Winston Ma, executive director of the Global Public Investment Funds Forum and a former managing director at the China Investment Corporation.
#hong #billion #slowing
SINGAPORE/HONG KONG, July 27 (Reuters) - Investors are expected to scrutinise whether Shein can justify the $40 billion to $50 billion valuation it is seeking in a Hong Kong initial public offering after a prospectus filed on Sunday showed slowing growth and a sharp decline in profitability.
Revenue rose 8% to $41.8 billion in 2025, but net income fell 39% to $2.06 billion. In the first quarter of this year, the fast fashion retailer swung to a $99 million loss, the filing showed.
While the quarterly loss partly reflected a $328 million fair-value charge on convertible redeemable preferred shares following an accounting change, slowing revenue growth and weaker core earnings underscore the company's mounting challenges.
"Institutional investors on the HKEX (Hong Kong Stock Exchange) will ... zero in on the 2.9% operating margin," said Winston Ma, executive director of the Global Public Investment Funds Forum and a former managing director at the China Investment Corporation.
#hong #billion #slowing
2 days ago
Wall Street just delivered one of its most impressive earnings weeks in history, with the five largest US banks reporting a combined net income of around $49 billion in the second quarter of 2026, up 39% year-over-year, and combined trading revenue close to $39 billion.
Global investment banking income managed to reach $61.4 billion in the first half of the year, a 24% increase over 2025, with ******* eX's record-breaking IPO alone accounting for an estimated $500 million in underwriting fees for the banks leading it.
Morgan Stanley (NYSE:MS) came in with arguably the best result of the group. The company achieved an undeniable Q2 earnings beat, achieving record net revenue of $21.35 billion, an 8.6% surprise over the $19.65 billion consensus expectation, marking a 27.1% increase year-over-year and a 4% sequential gain. Diluted earnings per share increased 62.4% year-over-year to $3.46, solidly above Wall Street's $2.92 projection and boosting first-half return on tangible common equity (ROTCE) to an impressive 26.6%. Following the report, Freedom Broker upgraded Morgan Stanley to Buy from Hold on July 17, raising the price objective to $245 from $200.
Meanwhile, equities trading revenue reached an all-time high of $6.3 billion, roughly $1.9 billion higher than ******* ysts had predicted, with Morgan Stanley (NYSE:MS) citing general strength across its equities franchise, especially "strength in Asia," a phrase now heard in almost every major bank's earnings call as the AI trade spreads far beyond US markets to Hong Kong, India, ******* an, and South Korea.
While turbulent equities trading provided the headlines, Morgan Stanley (NYSE:MS)'s primary competitive advantage is its recurring Wealth and Investment Management franchise, which offers a high-margin buffer against market downturns. Wealth Management earned a record quarterly revenue of $8.9 billion, up 14% year-over-year, with a strong 30.5% pretax margin, driven by higher ******* et management fees and net interest income. During the quarter, the company added a record $148 billion in net new ******* ets, bringing total client ******* ets throughout Wealth and Investment Management above the $10 trillion level.
#year #revenue
Global investment banking income managed to reach $61.4 billion in the first half of the year, a 24% increase over 2025, with ******* eX's record-breaking IPO alone accounting for an estimated $500 million in underwriting fees for the banks leading it.
Morgan Stanley (NYSE:MS) came in with arguably the best result of the group. The company achieved an undeniable Q2 earnings beat, achieving record net revenue of $21.35 billion, an 8.6% surprise over the $19.65 billion consensus expectation, marking a 27.1% increase year-over-year and a 4% sequential gain. Diluted earnings per share increased 62.4% year-over-year to $3.46, solidly above Wall Street's $2.92 projection and boosting first-half return on tangible common equity (ROTCE) to an impressive 26.6%. Following the report, Freedom Broker upgraded Morgan Stanley to Buy from Hold on July 17, raising the price objective to $245 from $200.
Meanwhile, equities trading revenue reached an all-time high of $6.3 billion, roughly $1.9 billion higher than ******* ysts had predicted, with Morgan Stanley (NYSE:MS) citing general strength across its equities franchise, especially "strength in Asia," a phrase now heard in almost every major bank's earnings call as the AI trade spreads far beyond US markets to Hong Kong, India, ******* an, and South Korea.
While turbulent equities trading provided the headlines, Morgan Stanley (NYSE:MS)'s primary competitive advantage is its recurring Wealth and Investment Management franchise, which offers a high-margin buffer against market downturns. Wealth Management earned a record quarterly revenue of $8.9 billion, up 14% year-over-year, with a strong 30.5% pretax margin, driven by higher ******* et management fees and net interest income. During the quarter, the company added a record $148 billion in net new ******* ets, bringing total client ******* ets throughout Wealth and Investment Management above the $10 trillion level.
#year #revenue
5 days ago
By Clare Jim and Danial Azhar
HONG KONG/JOHOR, Malaysia, July 24 (Reuters) - After leapfrogging Singapore to become the region's fastest-growing data centre hub, Malaysia is facing intensifying scrutiny as the resources debate that has complicated the industry's growth spreads to emerging Asia.
Protests over a data centre complex in Johor state's southern tip — the epicentre of the boom — were the first of their kind in the country. In Selangor, the richest and most populous state, debate about the burden on communities has become politicised.
"Two years ago, it was just about building capacity," said Cheam Tat Inn, managing director at the Malaysian arm of U.S. data centre operator Equinix.
"The conversation today is more like, How will you use power? Are you looking at renewables? They want to see how you're going to grow sustainably and responsibly."
#johor #debate #clare
HONG KONG/JOHOR, Malaysia, July 24 (Reuters) - After leapfrogging Singapore to become the region's fastest-growing data centre hub, Malaysia is facing intensifying scrutiny as the resources debate that has complicated the industry's growth spreads to emerging Asia.
Protests over a data centre complex in Johor state's southern tip — the epicentre of the boom — were the first of their kind in the country. In Selangor, the richest and most populous state, debate about the burden on communities has become politicised.
"Two years ago, it was just about building capacity," said Cheam Tat Inn, managing director at the Malaysian arm of U.S. data centre operator Equinix.
"The conversation today is more like, How will you use power? Are you looking at renewables? They want to see how you're going to grow sustainably and responsibly."
#johor #debate #clare
5 days ago
For Anne-Laure Descours, the question fashion observers should be asking isn't why so many brands destroy unsold merchandise but why they produce enough overstock to make it necessary in the first place.
"If you plan better and produce the right amounts of goods, you'd be less exposed to mass destruction," the Hong Kong-based supply chain veteran said.
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#anne #laure #Tech #tariffs
"If you plan better and produce the right amounts of goods, you'd be less exposed to mass destruction," the Hong Kong-based supply chain veteran said.
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6 days ago
The schedule for the cricket events at the 2026 Asian Games in Aichi-Nagoya, **** an, has been announced, with defending champions India receiving direct entry into the quarter-finals in both the men's and women's T20 tournaments.
Cricket will be played in the T20 format and will have full international status. The women's competition will run from September 17 to 22, while the men's tournament will take place from September 24 to October 1 at Korogi Athletic Park in Aichi Prefecture.
India, Pakistan, Sri Lanka and Bangladesh have all been seeded into the men's quarter-finals based on their rankings. The remaining four quarter-final spots will be decided through a preliminary stage featuring six teams split into two groups.
Group A includes Afghanistan, **** an and Nepal, while Group B features Hong Kong China, Malaysia and Oman.
The top two teams from each group will qualify for the quarter-finals. Since India and Pakistan are on opposite sides of the draw, the two rivals can only meet if both reach the semi-finals or the final.
India will face one of the teams that qualify from the preliminary round in the quarter-finals.
— AsianGamesOCA (AsianGamesOCA)
India's women's team will start its **** le defence against hosts **** an in the quarter-finals. If India win, they will face either Bangladesh or China in the semi-finals.
The other quarter-final matches will see Sri Lanka take on Malaysia, while Pakistan will play Thailand. India will be aiming to retain the gold medals won in both the men's and women's competitions at the Hangzhou Asian Games in 2023.
#Japan #Pakistan #asian
Cricket will be played in the T20 format and will have full international status. The women's competition will run from September 17 to 22, while the men's tournament will take place from September 24 to October 1 at Korogi Athletic Park in Aichi Prefecture.
India, Pakistan, Sri Lanka and Bangladesh have all been seeded into the men's quarter-finals based on their rankings. The remaining four quarter-final spots will be decided through a preliminary stage featuring six teams split into two groups.
Group A includes Afghanistan, **** an and Nepal, while Group B features Hong Kong China, Malaysia and Oman.
The top two teams from each group will qualify for the quarter-finals. Since India and Pakistan are on opposite sides of the draw, the two rivals can only meet if both reach the semi-finals or the final.
India will face one of the teams that qualify from the preliminary round in the quarter-finals.
— AsianGamesOCA (AsianGamesOCA)
India's women's team will start its **** le defence against hosts **** an in the quarter-finals. If India win, they will face either Bangladesh or China in the semi-finals.
The other quarter-final matches will see Sri Lanka take on Malaysia, while Pakistan will play Thailand. India will be aiming to retain the gold medals won in both the men's and women's competitions at the Hangzhou Asian Games in 2023.
#Japan #Pakistan #asian
6 days ago
Payward is widening the reach of xStocks beyond U.S. markets through a new partnership with GTN, giving the tokenized-equities platform a path into Asia, Europe and other major financial centers.
The first phase will focus on Hong Kong-listed shares, with the United Kingdom, Europe, South Korea and additional markets expected to follow. Payward also plans to extend xStocks beyond tokenized equities and exchange-traded funds over time, subject to local approvals.
GTN will provide the traditional market infrastructure behind that expansion, including execution, custody, ledgering, record-keeping and sub-accounting. The company connects to more than 90 markets through a single integration, allowing Payward to add international ***** ets without building separate access rails for each region.
More From Cryptoprowl:
MEXC Reports 7.1 Billion USDT in ***** eX Futures Volume as Q2 Closes the Gap to Wall Street
#tokenized #equities #asia #kong
The first phase will focus on Hong Kong-listed shares, with the United Kingdom, Europe, South Korea and additional markets expected to follow. Payward also plans to extend xStocks beyond tokenized equities and exchange-traded funds over time, subject to local approvals.
GTN will provide the traditional market infrastructure behind that expansion, including execution, custody, ledgering, record-keeping and sub-accounting. The company connects to more than 90 markets through a single integration, allowing Payward to add international ***** ets without building separate access rails for each region.
More From Cryptoprowl:
MEXC Reports 7.1 Billion USDT in ***** eX Futures Volume as Q2 Closes the Gap to Wall Street
#tokenized #equities #asia #kong
6 days ago
Cryptocurrency exchange Kraken is expanding its tokenized stock offerings to include equities from the United Kingdom and several Asian jurisdictions.
The company said that it plans to add tokenized versions of stocks from the U.K., Hong Kong, and South Korea to its xStocks platform, subject to regulatory approvals.
Tokenized stocks are digital representations of equities that are blockchain-based and provide ownership of or price exposure to traditional company shares.
More From Cryptoprowl:
MEXC Reports 7.1 Billion USDT in ******* eX Futures Volume as Q2 Closes the Gap to Wall Street
#tokenized #company #Cryptocurrency #hong
The company said that it plans to add tokenized versions of stocks from the U.K., Hong Kong, and South Korea to its xStocks platform, subject to regulatory approvals.
Tokenized stocks are digital representations of equities that are blockchain-based and provide ownership of or price exposure to traditional company shares.
More From Cryptoprowl:
MEXC Reports 7.1 Billion USDT in ******* eX Futures Volume as Q2 Closes the Gap to Wall Street
#tokenized #company #Cryptocurrency #hong
8 days ago
Just one day after Hollywood was left mourning the sudden loss of "Godzilla x Kong" actress Kaylee Hottle, officials have released the heartbreaking details surrounding her death.
The 18-year-old actress, whose portrayal of Jia helped make the MonsterVerse more inclusive for deaf audiences, died from multiple blunt force injuries after a devastating car crash in Maryland.
The latest findings provide new answers about the tragedy that cut short the rising star's promising career while investigators continue examining the circumstances surrounding the crash.
ZUMAPRESS.com / MEGA
The Maryland Office of the Chief Medical Examiner has officially ruled Kaylee Hottle's death an accident after completing her autopsy.
#actress #kong
The 18-year-old actress, whose portrayal of Jia helped make the MonsterVerse more inclusive for deaf audiences, died from multiple blunt force injuries after a devastating car crash in Maryland.
The latest findings provide new answers about the tragedy that cut short the rising star's promising career while investigators continue examining the circumstances surrounding the crash.
ZUMAPRESS.com / MEGA
The Maryland Office of the Chief Medical Examiner has officially ruled Kaylee Hottle's death an accident after completing her autopsy.
#actress #kong
8 days ago
Kaylee Hottle, who was best known for her role as Jia in the Godzilla x Kong franchise, died on July 21 at 18 years old
Her father, Joshua Hottle, confirmed the news on Facebook later that morning, sharing that she died in a car crash
A day later, her cause of death was confirmed
A cause of death for Kaylee Hottle has been confirmed.
The Godzilla vs. Kong actress' father Joshua Hottle shared with TMZ that the young Deaf actress, best known for playing Jia in the Godzilla x Kong franchise, was involved in a car accident on July 21 and died while being transported to a hospital. She was 18.
#kaylee
Her father, Joshua Hottle, confirmed the news on Facebook later that morning, sharing that she died in a car crash
A day later, her cause of death was confirmed
A cause of death for Kaylee Hottle has been confirmed.
The Godzilla vs. Kong actress' father Joshua Hottle shared with TMZ that the young Deaf actress, best known for playing Jia in the Godzilla x Kong franchise, was involved in a car accident on July 21 and died while being transported to a hospital. She was 18.
#kaylee
8 days ago
Cryptocurrency exchange Kraken is expanding its tokenized stock offerings to include equities from the United Kingdom and several Asian jurisdictions.
The company said that it plans to add tokenized versions of stocks from the U.K., Hong Kong, and South Korea to its xStocks platform, subject to regulatory approvals.
Tokenized stocks are digital representations of equities that are blockchain-based and provide ownership of or price exposure to traditional company shares.
More From Cryptoprowl:
MEXC Reports 7.1 Billion USDT in ******* eX Futures Volume as Q2 Closes the Gap to Wall Street
#tokenized #Cryptocurrency #united #kingdom
The company said that it plans to add tokenized versions of stocks from the U.K., Hong Kong, and South Korea to its xStocks platform, subject to regulatory approvals.
Tokenized stocks are digital representations of equities that are blockchain-based and provide ownership of or price exposure to traditional company shares.
More From Cryptoprowl:
MEXC Reports 7.1 Billion USDT in ******* eX Futures Volume as Q2 Closes the Gap to Wall Street
#tokenized #Cryptocurrency #united #kingdom
14 days ago
Orient Overseas Container Line experienced a significant turnaround during the second quarter of 2026, marking a shift from the softer market conditions observed in the first quarter to a much healthier operating environment by the end of June.
The Hong Kong-based liner reported revenue for the quarter rose 19.8% year over year to $2.537 billion, up from $2.118 billion in the same period of 2025.
Growth was driven by improvements across volumes, utilization, and pricing. Total liftings increased by 8.8% to 2.135 million twenty foot equivalent units (TEUs), supported by a 6.3% rise in loadable capacity and a 1.9 percentage point improvement in the overall load factor.
Average liner revenue per TEU grew by 10.1%, on firmer market conditions on major east-west trades rather than just increased volume.
The performance varied across trade lanes, with the trans-Pacific route serving as a primary driver of upside. Volume jumped by 21.5% to 608,979 TEUs, while revenue climbed 29.3% to $973.7 million.
The Hong Kong-based liner reported revenue for the quarter rose 19.8% year over year to $2.537 billion, up from $2.118 billion in the same period of 2025.
Growth was driven by improvements across volumes, utilization, and pricing. Total liftings increased by 8.8% to 2.135 million twenty foot equivalent units (TEUs), supported by a 6.3% rise in loadable capacity and a 1.9 percentage point improvement in the overall load factor.
Average liner revenue per TEU grew by 10.1%, on firmer market conditions on major east-west trades rather than just increased volume.
The performance varied across trade lanes, with the trans-Pacific route serving as a primary driver of upside. Volume jumped by 21.5% to 608,979 TEUs, while revenue climbed 29.3% to $973.7 million.
15 days ago
This article was originally published on ETFTrends.com.
Missiles and drones disrupted skies over Dubai in late February, following U.S.-Israeli strikes on Iran. Private aviation executive Jonny Dodge watched his phone light up nonstop. His firm, YourSky, flies much of the emirate's crypto elite, giving him a front-row seat to the panic.
Missile strikes near Dubai triggered a wave of crypto executive evacuations in February.
The UAE's on-chain crypto value hit $56 billion in 2024-2025, up 33% year over year.
Founders are splitting operations across Dubai, Hong Kong and Singapore instead of leaving.
Missiles and drones disrupted skies over Dubai in late February, following U.S.-Israeli strikes on Iran. Private aviation executive Jonny Dodge watched his phone light up nonstop. His firm, YourSky, flies much of the emirate's crypto elite, giving him a front-row seat to the panic.
Missile strikes near Dubai triggered a wave of crypto executive evacuations in February.
The UAE's on-chain crypto value hit $56 billion in 2024-2025, up 33% year over year.
Founders are splitting operations across Dubai, Hong Kong and Singapore instead of leaving.
16 days ago
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Bada bing, $BABA boom. Alibaba's shares surged last week after an earnings update that turned the heads of investors already starting to rotate toward Chinese AI.
The climb, the Hong Kong-listed stock's largest since September, created an updraft that buoyed rivals including Baidu, Tencent and JD.com. At the same time, US tech stocks had a rocky week, with the Nasdaq losing steam midweek before leveling out later. Nvidia's $1 trillion wipeout saw the stock trading about 17% off its May record before bouncing back.
Alibaba's applying a uniquely Chinese playbook in its efforts to win the world's AI-ttention.
Sign up for The Daily Upside at no cost for premium ****** ysis on all your favorite stocks.
Bada bing, $BABA boom. Alibaba's shares surged last week after an earnings update that turned the heads of investors already starting to rotate toward Chinese AI.
The climb, the Hong Kong-listed stock's largest since September, created an updraft that buoyed rivals including Baidu, Tencent and JD.com. At the same time, US tech stocks had a rocky week, with the Nasdaq losing steam midweek before leveling out later. Nvidia's $1 trillion wipeout saw the stock trading about 17% off its May record before bouncing back.
Alibaba's applying a uniquely Chinese playbook in its efforts to win the world's AI-ttention.
Sign up for The Daily Upside at no cost for premium ****** ysis on all your favorite stocks.
16 days ago
(Corrects typo in second paragraph)
By Helen Reid and Kane Wu
LONDON/HONG KONG, July 13 (Reuters) - Fast-fashion retailer Shein is scheduled for a Hong Kong initial public offering hearing with the city's stock exchange on Thursday, two sources with knowledge of the matter said, a step which will bring it closer to its much-awaited market debut.
The fast-growing e-commerce company on Friday received Chinese securities regulator's nod to go ahead with its Hong Kong IPO plan, which marks the removal of a major hurdle in its long journey of going public.
The sources could not be named as the information was confidential.
By Helen Reid and Kane Wu
LONDON/HONG KONG, July 13 (Reuters) - Fast-fashion retailer Shein is scheduled for a Hong Kong initial public offering hearing with the city's stock exchange on Thursday, two sources with knowledge of the matter said, a step which will bring it closer to its much-awaited market debut.
The fast-growing e-commerce company on Friday received Chinese securities regulator's nod to go ahead with its Hong Kong IPO plan, which marks the removal of a major hurdle in its long journey of going public.
The sources could not be named as the information was confidential.
16 days ago
By Kane Wu and Saqib Iqbal Ahmed
HONG KONG/NEW YORK, July 13 (Reuters) - South Korean chipmaker SK Hynix may have had a rousing $26.5 billion U.S. share sale and market debut last week, but that owed much to its pivotal role in the AI supply chain and timing.
Other Asian tech firms are expected to take note and also look to tap foreign investors but they are likely to find appetite for AI-related companies more selective, investors say.
Current levels of investor exuberance over AI are going to be hard to maintain as fears grow about the sustainability of AI-driven stock rallies, while chip stocks also tend to be volatile due to the historical boom-and-bust cyclical nature of the industry.
"SK Hynix is a special case because it is large, liquid, AI-critical, and hard for many U.S. investors to own directly," said Ophir Gottlieb, CEO of Capital Market Laboratories.
HONG KONG/NEW YORK, July 13 (Reuters) - South Korean chipmaker SK Hynix may have had a rousing $26.5 billion U.S. share sale and market debut last week, but that owed much to its pivotal role in the AI supply chain and timing.
Other Asian tech firms are expected to take note and also look to tap foreign investors but they are likely to find appetite for AI-related companies more selective, investors say.
Current levels of investor exuberance over AI are going to be hard to maintain as fears grow about the sustainability of AI-driven stock rallies, while chip stocks also tend to be volatile due to the historical boom-and-bust cyclical nature of the industry.
"SK Hynix is a special case because it is large, liquid, AI-critical, and hard for many U.S. investors to own directly," said Ophir Gottlieb, CEO of Capital Market Laboratories.
16 days ago
Shein is working on plans to raise between $2bn and $3bn in an initial public offering (IPO) in Hong Kong, with the share sale possibly launching as early as August, reported Bloomberg, citing unnamed sources.
The online fast-fashion retailer received approval from China's securities regulator on 10 July, advancing its long-running push to list.
According to sources, the final amount to be raised has not been determined and will depend on the company's valuation and investor demand during the process.
The same sources said the plans are still subject to revision, with both the size and timing of the offering liable to change.
Bloomberg said Shein did not respond when contacted for comment.
The online fast-fashion retailer received approval from China's securities regulator on 10 July, advancing its long-running push to list.
According to sources, the final amount to be raised has not been determined and will depend on the company's valuation and investor demand during the process.
The same sources said the plans are still subject to revision, with both the size and timing of the offering liable to change.
Bloomberg said Shein did not respond when contacted for comment.
18 days ago
HONG KONG (AP) — Major German carmakers saw sharp quarterly sales declines in China as domestic demand weakened and competition heated up in the world's biggest auto market.
At Volkswagen, Mercedes-Benz, BMW and Porsche, China sales for the April-June quarter plummeted between 30% and 41% compared with the same period a year ago, according to company data released over the past week.
For the first half of this year, they all reported a more than 20% year-on-year drop in China. The falling China sales have squeezed their overall profits and in some cases offset gains from other regions.
This also comes at a time when these legacy German carmakers are faced with intensified competition from Chinese automakers outside of China, including in Europe, as leading Chinese brands like BYD make inroads overseas.
The latest quarterly sales declines were some of the steepest seen for the German automakers in China, said Lei Xing, an independent auto ******* yst.
At Volkswagen, Mercedes-Benz, BMW and Porsche, China sales for the April-June quarter plummeted between 30% and 41% compared with the same period a year ago, according to company data released over the past week.
For the first half of this year, they all reported a more than 20% year-on-year drop in China. The falling China sales have squeezed their overall profits and in some cases offset gains from other regions.
This also comes at a time when these legacy German carmakers are faced with intensified competition from Chinese automakers outside of China, including in Europe, as leading Chinese brands like BYD make inroads overseas.
The latest quarterly sales declines were some of the steepest seen for the German automakers in China, said Lei Xing, an independent auto ******* yst.
19 days ago
By Greg Torode
HONG KONG, July 10 (Reuters) - China's submarine-fired ballistic missile test into the southern Pacific on Monday gave its military leadership an opportunity to examine some of the most complex and sensitive operations of its evolving nuclear deterrent, ***** ysts and diplomats say.
Commanding, controlling and communicating with nuclear-armed submarines attempting to operate undetected pose immense challenges, they say - something felt acutely by a Chinese Communist Party leadership where the military's political loyalty is paramount.
"This aspect is certainly something that would have been very much evaluated, besides looking at the actual technical capabilities of the missile and submarine," said Collin Koh, a security scholar at Singapore's S. Rajaratnam School of International Studies.
"There are still challenges ahead but it would seem they are getting close to an operational strike capability here...they are probably trying to demonstrate that even if they can't get into a position to hit the continental U.S., they could still target Guam and Hawaii."
HONG KONG, July 10 (Reuters) - China's submarine-fired ballistic missile test into the southern Pacific on Monday gave its military leadership an opportunity to examine some of the most complex and sensitive operations of its evolving nuclear deterrent, ***** ysts and diplomats say.
Commanding, controlling and communicating with nuclear-armed submarines attempting to operate undetected pose immense challenges, they say - something felt acutely by a Chinese Communist Party leadership where the military's political loyalty is paramount.
"This aspect is certainly something that would have been very much evaluated, besides looking at the actual technical capabilities of the missile and submarine," said Collin Koh, a security scholar at Singapore's S. Rajaratnam School of International Studies.
"There are still challenges ahead but it would seem they are getting close to an operational strike capability here...they are probably trying to demonstrate that even if they can't get into a position to hit the continental U.S., they could still target Guam and Hawaii."
19 days ago
By Helen Reid and Kane Wu
LONDON/HONG KONG, July 10 (Reuters) - Fast-fashion retailer Shein won approval for its long-awaited Hong Kong IPO on Friday, a notice posted on the China Securities Regulatory Commission (CSRC) website showed, clearing the way for a listing after failed attempts in New York and London.
Shein, a fast-growing e-commerce giant, would be the highest-profile retailer to list in years, as many consumer brands have delayed initial public offerings due to weak investor sentiment and subdued spending by lower- to middle-income shoppers.
Founded by Chinese-born entrepreneur Sky Xu in 2012, Shein has waited a year for the green light from Beijing for its IPO, which had to be cleared by the highest levels of the ruling Communist Party, according to a source with direct knowledge of the matter.
Beijing views Shein as politically sensitive and has been cautious about endorsing a listing after controversies including a ******* doll scandal in France and reports of poor labour practices at its supplier factories in China, the source said.
LONDON/HONG KONG, July 10 (Reuters) - Fast-fashion retailer Shein won approval for its long-awaited Hong Kong IPO on Friday, a notice posted on the China Securities Regulatory Commission (CSRC) website showed, clearing the way for a listing after failed attempts in New York and London.
Shein, a fast-growing e-commerce giant, would be the highest-profile retailer to list in years, as many consumer brands have delayed initial public offerings due to weak investor sentiment and subdued spending by lower- to middle-income shoppers.
Founded by Chinese-born entrepreneur Sky Xu in 2012, Shein has waited a year for the green light from Beijing for its IPO, which had to be cleared by the highest levels of the ruling Communist Party, according to a source with direct knowledge of the matter.
Beijing views Shein as politically sensitive and has been cautious about endorsing a listing after controversies including a ******* doll scandal in France and reports of poor labour practices at its supplier factories in China, the source said.
19 days ago
Alibaba Group Holding Limited (NYSE:BABA) is one of the undervalued stocks to buy according to the Wall Street. On July 2, Access Advance LLC and Alibaba Group announced that Alibaba expanded its participation in the Video Distribution Patent/VDP Pool by becoming a Licensee. This agreement provides Alibaba access to a comprehensive license for HEVC, VVC, VP9, and AV1 codec technologies, building upon the company's existing role as a Licensor in the pool and its previous engagement through the VVC Advance Patent Pool.
The VDP Pool's single-license structure simplifies the complex licensing needs of Alibaba Group Holding Limited's (NYSE:BABA) diverse ecosystem, which spans e-commerce, digital media, and entertainment. By consolidating coverage for four major video codecs into one royalty rate, the agreement removes the need for multiple bilateral contracts, allowing Alibaba to scale its video-based services more efficiently as it continues to integrate advanced streaming technologies.
Christopher Penler / Shutterstock.com
Both organizations highlighted this expansion as a meaningful step in their multi-year collaboration, emphasizing a shared commitment to a stable licensing ecosystem. This partnership aims to support the continued development and adoption of next-generation video standards, ensuring that innovations remain accessible and beneficial for both patent holders and technology users across the global market.
Alibaba Group Holding Limited (NYSE:BABA) operates as a technology infrastructure and marketing solutions provider. It operates both within the People's Republic of China and internationally. The company was founded by Chung Tsai and Yun Ma in June 1999 and is headquartered in Causeway Bay, Hong Kong.
The VDP Pool's single-license structure simplifies the complex licensing needs of Alibaba Group Holding Limited's (NYSE:BABA) diverse ecosystem, which spans e-commerce, digital media, and entertainment. By consolidating coverage for four major video codecs into one royalty rate, the agreement removes the need for multiple bilateral contracts, allowing Alibaba to scale its video-based services more efficiently as it continues to integrate advanced streaming technologies.
Christopher Penler / Shutterstock.com
Both organizations highlighted this expansion as a meaningful step in their multi-year collaboration, emphasizing a shared commitment to a stable licensing ecosystem. This partnership aims to support the continued development and adoption of next-generation video standards, ensuring that innovations remain accessible and beneficial for both patent holders and technology users across the global market.
Alibaba Group Holding Limited (NYSE:BABA) operates as a technology infrastructure and marketing solutions provider. It operates both within the People's Republic of China and internationally. The company was founded by Chung Tsai and Yun Ma in June 1999 and is headquartered in Causeway Bay, Hong Kong.
21 days ago
By Rajasik Mukherjee
July 8 (Reuters) - China's Nexchip Semiconductor said on Wednesday it aims to raise around HK$6.98 billion ($890.37 million) in its Hong Kong share sale by pricing the offering at the top end of its range to benefit from the city's revitalised capital market.
The chipmaker is offering 216.2 million shares at HK$32.30 apiece, according to its prospectus.
Nexchip plans to spend more than HK$3.5 billion from the proceeds on research and development and another HK$1.5 billion on AI-powered systems to integrate research, development and production processes.
Chinese chipmakers are stepping up investment in manufacturing technology and artificial intelligence as Beijing pushes for greater semiconductor self-sufficiency.
July 8 (Reuters) - China's Nexchip Semiconductor said on Wednesday it aims to raise around HK$6.98 billion ($890.37 million) in its Hong Kong share sale by pricing the offering at the top end of its range to benefit from the city's revitalised capital market.
The chipmaker is offering 216.2 million shares at HK$32.30 apiece, according to its prospectus.
Nexchip plans to spend more than HK$3.5 billion from the proceeds on research and development and another HK$1.5 billion on AI-powered systems to integrate research, development and production processes.
Chinese chipmakers are stepping up investment in manufacturing technology and artificial intelligence as Beijing pushes for greater semiconductor self-sufficiency.
21 days ago
Myanmar has appointed former North Korea coach Jorn Andersen to lead its men's national football team, the country's football federation said on Thursday.
The Norwegian, whose CV also includes a stint as coach of Hong Kong, signed the two-year contract on Wednesday, the federation said in a statement.
"I am delighted to be in Myanmar," Andersen, 63, said at a press conference on Wednesday.
"I will work to help develop Myanmar players and achieve as much success as possible with the national team."
The football federation said it appointed Andersen "in recognition of his extensive international coaching experience, strong understanding of Asian football and proven ability to build competitive teams".
The Norwegian, whose CV also includes a stint as coach of Hong Kong, signed the two-year contract on Wednesday, the federation said in a statement.
"I am delighted to be in Myanmar," Andersen, 63, said at a press conference on Wednesday.
"I will work to help develop Myanmar players and achieve as much success as possible with the national team."
The football federation said it appointed Andersen "in recognition of his extensive international coaching experience, strong understanding of Asian football and proven ability to build competitive teams".
21 days ago
HONG KONG (AP) — Hong Kong democracy activist Joshua Wong is scheduled to be sentenced in September in a case brought under a Beijing-imposed national security law that critics say has stifled the city's pro-democracy movement.
Wong, a former student leader in the pro-democracy movement, was arrested in June 2025 on suspicion of conspiracy to collude with foreign forces to endanger national security. It was the second time Wong was charged under the national security law introduced in Hong Kong in 2020, following massive anti-government protests that rocked the city the year before.
The judiciary's website on Tuesday showed a hearing for plea and sentence is planned for Wong on Sept. 2. It's expected to take one day.
Wong was accused of conspiring with fellow activist Nathan Law and others to ask foreign countries or institutions, organizations or individuals outside of China to impose sanctions, blockades or engage in other hostile actions against Hong Kong or China between July 1 and Nov. 23, 2020.
The offense is punishable by a prison term of three to 10 years, or up to life imprisonment if it is deemed to be "of a grave nature."
Wong, a former student leader in the pro-democracy movement, was arrested in June 2025 on suspicion of conspiracy to collude with foreign forces to endanger national security. It was the second time Wong was charged under the national security law introduced in Hong Kong in 2020, following massive anti-government protests that rocked the city the year before.
The judiciary's website on Tuesday showed a hearing for plea and sentence is planned for Wong on Sept. 2. It's expected to take one day.
Wong was accused of conspiring with fellow activist Nathan Law and others to ask foreign countries or institutions, organizations or individuals outside of China to impose sanctions, blockades or engage in other hostile actions against Hong Kong or China between July 1 and Nov. 23, 2020.
The offense is punishable by a prison term of three to 10 years, or up to life imprisonment if it is deemed to be "of a grave nature."
