Markets

Legendary investor Warren Buffett said on Wednesday that he will never invest in cryptocurrencies, and suggested that units such as bitcoin are destined for a crash once the current mania ends. “I can say almost with...

Everything – except the temperature – is up. The stock market is onto its biggest party, with the Hang Seng Index posting gains for the 11th straight session and notching fresh 10-year highs, taking the benchmark...

Alibaba Group Holding Ltd. will “seriously consider” listing in Hong Kong, founder Jack Ma said, potentially providing a powerful boost to the financial hub which is preparing to allow dual-class share listings. Ma made the comments...

More foreign capital is set to flow into China’s A-shares as MSCI prepares to include the stocks in its emerging market index from June. The upcoming move will have profound impact on the investor mix, market...

Music streaming service Spotify AB has filed to list its shares on the New York Stock Exchange, the Wall Street Journal reports, citing a person familiar with the matter. The “confidential” filing with the Securities and Exchange Commission...

Things could not go any better for Hong Kong’s stock market in 2017. Forget all the doom and gloom you hear about the future of Hong Kong. The Hang Seng Index closed at almost 30,000 (29,919.15,...

Citigroup Inc. will pay at least US$11.5 million in fines and restitution to settle charges it displayed the wrong research ratings on more than 1,800 stocks, causing many customers to own shares they never would have...

The world’s richest people added US$1 trillion to their wealth in 2017, more than four times last year’s gain, as stock markets reached record highs, Bloomberg reports. The Bloomberg Billionaires Index, a daily ranking of the world’s...

Bitcoin rose 15 percent on Tuesday, recouping about half of the losses it sustained last week, its worst since 2013, as investors who had missed out on earlier rallies bought the world’s biggest and best-known digital...

After a strong rally this year, the Hang Seng Index is likely to sustain the strength and hit a record level in 2018. Supporting the bullish outlook is the recovery momentum of the global economy and...

The festive season is upon us, and Santa Claus has stuffed our Christmas stockings with bulging goodies, that is, in the form of pension investment and stock portfolio returns. Mind you, the best ones are from...

As bitcoin mania continues, taking the virtual currency to new peaks, a huge spike in investor activity is putting stress on trading platforms and giving rise to various problems including hacker attacks. On Tuesday, one of...

Tencent Holdings Ltd. (00700.HK) is expected to raise at least US$1 billion from an initial public offering of its music division, valuing it at US$10 billion, Bloomberg reports, citing people familiar with the matter. There is...

Virtual currency bitcoin hit another all-time peak, two days after the launch of the first ever bitcoin futures on a US exchange and ahead of the start of another futures contract next week, as investors grew...

Bitcoin surged past US$16,000 for the first time on Thursday, spiking more than US$3,000 within a span of 24 hours, as investors continued to place frenzied speculative bets on the cryptocurrency.  The digital currency topped out at...

Cryptocurrency marketplace NiceHash said the contents of its bitcoin wallet had been stolen in a security breach and one executive said nearly US$64 million had been lost, Reuters reports. NiceHash head of marketing Andrej P. Škraba...

Bitcoin extended its rally on Wednesday, breaking above the US$13,000 level to hit a new all-time high even as questions raged about the cryptocurrency’s real value and fears of a dangerous bubble. “There is a lot...

November has been a very lucky month for Hong Kong, giving us a good reason to celebrate Thanksgiving. Some investors were, however, luckier than others – thanks to what they had bet on, or chose to...

Bitcoin hit another record high on Thursday, shaking off a 29 percent plunge it suffered just three days earlier, in a continuation of the price volatility in the crypto-currency  After erasing as much as US$38 billion...

Payments company Square Inc. said it has started allowing select customers to buy and sell bitcoins on its Cash app, as it looks to tap into a craze that has sent the cryptocurrency up nearly sevenfold...