Flying taxis, robotic avatars and holograms — Saudi Arabia pushes ahead with its sci-fi city vision
With a mammoth budget of $500 billion, Neom is a key element of Saudi’s Vision 2030 plan originally launched back in 2016.
China is an ‘attractive market’ with ‘inexpensive’ stocks after big drops, fund manager says giving 3 picks
Fund manager Brian Arcese expects valuations to bounce back over the next 12 months as he believes the “regulatory overhang” facing Chinese stocks is “abating”.
HSBC appoints Georges Elhedery as CFO, potential CEO-in-waiting
The change came as HSBC reported profits slid 42% in the third quarter, hit by rising loan losses as well as charges from the sale of its French business.
Swiss bank UBS posts 24% profit slide but beats analyst expectations
UBS on Tuesday reported a net income of $1.7 billion for the third quarter of this year, slightly above analyst expectations, with the Swiss bank citing a challenging environment.
Japan Prime Minister Fumio Kishida appoints former health minister Goto as next economy minister
Japan’s Prime Minister Fumio Kishida on Tuesday appointed former health minister Shigeyuki Goto as the next economy minister.
France enters ‘white gold’ rush as top producer aims to supply Europe with lithium
Lithium is crucial to the batteries that power electric vehicles.
Why China won’t bail out its real estate sector
China’s central government won’t likely be spending billions to save the struggling real estate sector, analysts said.
Investor fears about Xi’s new leadership team ‘may be misguided’
Newly promoted Chinese President Xi Jinping loyalists previously led “rich provinces where economic growth is still the top priority,” Teneo analysts said.
Sell stocks in a bear market rally and look to this alternative, JPMorgan strategist says
Investors should ‘de-risk’ their portfolio in a pessimistic market by capitalizing on bear market rallies, says an investment strategist.
Hong Kong markets rebound slightly after plunge, Asia-Pacific markets rise
Hong Kong stocks were volatile and mainland China markets continued to slide Tuesday, while other major Asian markets rose.
