Press releases about business, cryptocurrency, fintech and more news in Hong Kong and Asia

Sats shares tumble 16% after $1.64b deal to buy world’s biggest air cargo handler

SINGAPORE – Shares of Sats plunged sharply to a two-year low after the stock resumed trading on Thursday morning, following news of the company’s deal to buy the world’s largest air cargo handler for $1.64 billion. The ground handling and catering provider announced on Wednesday it will acquire Paris-based Worldwide Flight Services (WFS). The combined entity’s […]

MetaBoundless hosts the first-ever all-Arabic Avatar Concert in the Metaverse

DUBAI, UAE, Sep 28, 2022 – (ACN Newswire via – The first ‘Concert of the Future’ will be an out-of-world experience not to be missed. In a unique Arab-led virtual concert starring Ragheb Alama and Saad Lamjarred, host MetaBoundless has partnered with the Algorand Foundation, a leading blockchain network known for environmental friendliness, hyper-low […]

Asia stocks slump on global slowdown fears after Fed signals more rate hikes ahead

SINGAPORE – Asian stock markets slumped on Thursday amid heightened global slowdown fears after the US Federal Reserve signalled even more aggressive rate hikes ahead than investors had expected as it raised its key interest rate by a hefty 75 basis points for a third straight time. Notably, Fed chairman Jerome Powell in comments on Wednesday […]

Goldman slashes China’s 2023 growth forecast with Covid-zero strategy likely to stay

HONG KONG – Goldman Sachs cut its 2023 economic growth forecast for China sharply, predicting Beijing will stick to its stringent Covid-zero policies through at least the first half of next year. Gross domestic product (GDP) will probably increase 4.5 per cent in 2023, down from a previous projection of 5.3 per cent, Goldman’s economists […]

Winvest Group Announces DTC Eligibility

Reno City, NV, September 15, 2022 – (SEAPRWire) – Winvest Group Ltd. (OTCMKTS: WNLV) (“Winvest” or the “Company”), f/k/a Zyrox Mining International, Inc. (ZYRX), is pleased to announce that its common shares are now eligible for electronic clearing and settlement in the United States through the Depository Trust Company (“DTC”). DTC eligibility is expected to simplify the process […]

China’s inflation slowdown fuels calls for more policy stimulus

BEIJING – China’s consumer and producer inflation slowed in August as sporadic Covid-19 lockdowns suppressed spending and commodity prices fell, giving policymakers enough room to support the troubled economy if needed. The consumer price index (CPI) rose 2.5 per cent from a year earlier, the National Bureau of Statistics said on Friday, down from the 2.7 […]