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...The five-year-old company was co-founded by Aidan Gomez, Nick Frosst, and Ivan Zhang....
...The Swiss lender trades at about 1.2 times tangible book value, compared with about two times for Morgan Stanley; both banks have large wealth management operations....
...News of Zhang’s departure sent Alibaba’s shares down 2.7 per cent in Hong Kong on Monday....
...“People just don’t see it coming,” says The Art of Ping Pong co-founder Algy Batten of the wall-mounted artwork that transforms into a ping-pong table in seconds....
...“Economic momentum remained muted as the deflationary pressure persists,” said Zhiwei Zhang, president and chief economist of Pinpoint Asset Management....
...The Chinese economy grew by 5.2 per cent last year, according to official statistics....
...We welcome Wopke Hoekstra’s comments (“EU nominee for climate chief wants global fossil fuel taxes”, Report, FT.com, October 2) that he wants to explore an international maritime levy on ships’...
...The applications reached the securities regulator’s desk on January 2, the same date that the underlying CSI A50 Index also debuted....
...About £2.3bn of services’ activity, particularly in the trade services, covering around 20,000 workers in those industries, will also be potentially impacted, writes Zhang....
...But it has risen 2.3 per cent since the end of December, beating US stocks (up 1.7 per cent) and bonds (down 1.2 per cent)....
...In November, Alibaba announced its first annual dividend, which would cost $2.5bn, and said it had $15bn remaining for its $25bn share buyback scheme....
...The IMF said it had also upgraded its forecast for China’s growth next year from 4.2 per cent to 4.6 per cent but cautioned that weakness in the property sector and subdued external demand would persist....
...REF Urban Boost, £2,700 @rhodri...
...Morningstar data shows global ETF assets under management have grown more than fivefold since the start of 2014, from $2.2tn to $11.6tn today....
...Last August, Singaporean authorities arrested and charged 10 people — all with links to China — in connection to a $2.2bn money laundering and fraud investigation, the largest in Singapore’s history....
...Producer prices dropped by 2.7 per cent....
...The onshore benchmark Chinese stock index CSI300 closed 3.2 per cent higher on Tuesday....
...The IMF is forecasting China’s CPI will rise 1.7 per cent year on year in 2024 while GDP will grow 4.2 per cent, compared with 5.2 per cent last year. Additional reporting by Kaye Wiggins in Hong Kong...
...By comparison, the Hang Seng Tech index tracking Alibaba and its peers in the Chinese tech sector dropped 2.5 per cent....
...The group’s sales rose from 2,698 in 2021, a year after it launched its first EV, to 4,626 cars in 2022, according to data from Wind....
...“This new index is quite diversified and representative,” said Zhang Qi, an analyst at Haitong Securities....
...Public records show China’s 771 locally owned multi-strategy hedge funds generated an average return of 2.8 per cent last year....
...The net interest margin of HSBC’s UK ringfenced bank was 2.49 per cent, far higher than the 1.83 per cent of its Hong Kong entity....
...On Tuesday afternoon (2.15 GMT start, free to watch on chess24.com), Royal, now on four wins and a draw, plays White against the Chinese grandmaster Zhang Pengxiang, who has won all his five games, in a...
...First, let’s unpack the research, conducted by economists Amy Finkelstein, Matthew Notowidigdo, Frank Schilbach and Jonathan Zhang....
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