02 March

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Chinese fintech platforms expected to meet capital requirements within two years – regulator By Reuters

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BEIJING (Reuters) - China's financial technology companies are expected to meet capital adequacy requirements within a maximum of two years, said Guo Shuqing, head of the China Banking and Insurance Regulatory Commission (CBIRC) on Tuesday. Micro lenders, consumer finance firms and banks operated by internet platforms should all have adequate capital like other financial institutions, Guo said at a news conference. Chinese...

02 March

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Xi Mobilizes China for Tech Revolution to Cut Dependence on West By Bloomberg

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(Bloomberg) -- For U.S. politicians, China’s potential to dominate sensitive cutting-edge technologies poses one of the biggest geopolitical threats of the next few decades. President Xi Jinping is similarly worried the U.S. will block China’s rise, and this week will unveil plans for greater self-sufficiency. At an annual session of China’s legislature, top Communist Party leaders will approve a five-year policy blueprint to...

02 March

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Johnson backs UK bid for 2030 World Cup, offers stadiums for Euro 2020 games By Reuters

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LONDON (Reuters) - British Prime Minister Boris Johnson says it is the "right time" for the United Kingdom and Ireland to launch a bid to host the 2030 soccer World Cup, while he added the country would also be willing to host extra Euro 2020 matches this year if required. “We are...

02 March

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Hearing for Hong Kong democracy activists resumes after marathon session By Reuters

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By Jessie Pang HONG KONG (Reuters) - The proceedings for 47 Hong Kong democracy activists charged with conspiracy to commit subversion resume on Tuesday, following a marathon hearing that extended well past midnight before it was adjourned after one of the defendants fainted. Lawyers for the defendants are challenging a prosecution bid to...

02 March

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Ant Group shelves share buyback programme for current and departing staff – Bloomberg By Reuters

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(Reuters) - Jack Ma's Ant Group Co has shelved a share buyback programme for current and departing staff, partly because of uncertainty over how to value the company, Bloomberg News reported https://bloom.bg/3b83kVA on Tuesday, citing executives familiar with the matter. ...

02 March

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Brexodus from City of London to the EU slows By Reuters

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By Huw Jones LONDON (Reuters) - The shift in financial staff and assets from the City of London to the European Union because of Brexit has eased after Britain completed its full departure from the bloc, a tracker from consultants EY showed on Tuesday. Financial services are not included in the EU-UK trade...

02 March

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Asian shares rise as risk assets shine, Australian central bank eyed By Reuters

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NEW YORK (Reuters) - Asian shares are poised to rally on Tuesday as a halt in a recent bond markets sell-off calmed investor nerves and lifted riskier assets, although oil prices were on the defensive on fears of slowing Chinese energy consumption. Australian shares jumped 0.8% in early trade, while E-mini S&P futures climbed 0.15%. Japan's Nikkei opened 0.93% higher. U.S. stocks...

02 March

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Dollar holds advantage over low-yielders, A$ looks to RBA By Reuters

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By Hideyuki Sano TOKYO (Reuters) - The dollar stood firm against its low-yielding peers on Tuesday on bets of a faster economic recovery and greater tolerance of higher U.S. bond yields, while the Australian dollar looked to guidance from the country's central bank. The dollar index last stood at 91.014, having hit a three-week high of 91.139 overnight, with its February peak...

02 March

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Zoom Video Delivers Blowout Q4 Results; Shares Surge By Investing.com

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By Yasin Ebrahim Zoom Video Communications (NASDAQ:ZM) rallied in after-hours Monday after posting blowout fourth-quarter results that markedly beat consensus estimates as the work-from-home trend bolstered demand for its video conference software. Zoom Video Communications was up more than 9% in after-hours trading. The company...

02 March

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MercadoLibre Earnings Miss, Revenue Beats In Q1 By Investing.com

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By Yasin Ebrahim MercadoLibre (NASDAQ:MELI) reported Monday first quarter revenue that topped expectations as demand for online shopping in Latin America continued to grow even as physical retail gradually reopened. MercadoLibre shares lost 0.94% in after-hours trade following the report. MercadoLibre announced a loss per share of $1.02 on revenue of $1.33 billion. Analysts polled by Investing.com anticipated EPS...

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Chinese fintech platforms expected to meet capital requirements within two years – regulator By Reuters

Xi Mobilizes China for Tech Revolution to Cut Dependence on West By Bloomberg

Johnson backs UK bid for 2030 World Cup, offers stadiums for Euro 2020 games By Reuters

Hearing for Hong Kong democracy activists resumes after marathon session By Reuters

Ant Group shelves share buyback programme for current and departing staff – Bloomberg By Reuters

Brexodus from City of London to the EU slows By Reuters

Asian shares rise as risk assets shine, Australian central bank eyed By Reuters

Dollar holds advantage over low-yielders, A$ looks to RBA By Reuters

Zoom Video Delivers Blowout Q4 Results; Shares Surge By Investing.com

MercadoLibre Earnings Miss, Revenue Beats In Q1 By Investing.com

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