10 hong kong dollars

One in every two newly minted dollar-denominated billionaires last year were in China, the first country to exit from a nationwide pandemic lockdown and the only major economy to have expanded last year, according to a list by Hurun Report. China surpassed the United States last year to become the first country with more than 1,000 dollar-denominated tycoons, with 1,058 billionaires last year compared with 696 in the US, according to the latest Hurun Global Rich List 2021. Of the 610 newly minted tycoons globally, 318 were in China, compared with 95 in the US based on Jan 15 valuations, Hurun said. “The world has never seen this much wealth created in just one year, much more than expected for a year so badly disrupted by Covid-19,” said Rupert Hoogewerf, chief research and chairman of Hurun Report. “A stock markets boom, driven partly by quantitative easing, and flurry of new listings have minted eight new dollar billionaires a week for the past year.” The richest individuals on … [Read more...] about China tops US as home to the most dollar billionaires in 2020 ranking

SYDNEY: Oil prices skidded on Monday after Saudi-Russian negotiations to cut output were delayed, keeping oversupply concerns alive, while stocks jumped as investors were encouraged by a slowdown in coronavirus-related deaths and new cases. In currency markets, sterling fell 0.4per cent early in Asia after British Prime Minister Boris Johnson was admitted to hospital following persistent coronavirus symptoms 10 days after testing positive for the virus. Brent crude fell as much as US$4 after Saudi Arabia and Russia postponed their meeting, initially scheduled for Monday, to Thursday even as the virus pandemic pummels demand. Equity investors, however, took solace as the death toll from the coronavirus slowed across major European nations including France and Italy. "With a very light calendar globally today, there is enough momentum to keep the equity rally running through the course of the day and also into European time," said Jeffrey Halley, Senior Market Analyst, Asia … [Read more...] about Oil slips on oversupply fears, but stocks jump on virus slowdown hopes

NEW YORK: Stocks shot higher on Thursday (Mar 26) as investors brushed aside a record surge in US unemployment benefit claims, instead focusing on progress toward a massive stimulus plan and a pledge by world leaders for a "united front" in the fight against the coronavirus pandemic. Federal Reserve Chairman Jerome Powell said the US central bank would continue to "aggressively" pump liquidity into the economy and added that "we're not going to run out of ammunition" to support lending. The dollar fell against its main rivals on the developments. But the Dow surged for a third straight session, rocketing up more than 1,350 points, or 6.4 per cent, to 22,552.17. Powell acknowledged there would be a sharp downturn as more and more countries confine people at home and close non-essential businesses to slow the spread of the respiratory ailment COVID-19. In one of the latest indications of that impact, the US Labour Department said first-time unemployment claims soared to 3.3 … [Read more...] about Stocks brush aside record US unemployment surge

SINGAPORE: Singapore's stock market rebounded along with its peers in Asia on Tuesday (Mar 24) as a pledge by the US Federal Reserve to spend whatever it takes to stabilise the financial system lifted sentiment amid the COVID-19 outbreak. Policymakers across the globe are looking to stave off a deep economic freeze from lockdowns and travel bans through a slew of monetary and fiscal policy measures. Traders gave a massive thumbs up to the US central bank's pledge to essentially print cash in a move not seen since the global financial crisis more than a decade ago. The Fed, which has already slashed interest rates to record lows, said it will buy unlimited amounts of Treasury debt and take steps to lend directly to small- and medium-sized firms hammered by restrictions across the country. The plan failed to inspire US traders, with all three main indexes on Wall Street sliding, but equities in Asia rallied. READ: Singapore scientists study genes to fast-track coronavirus … [Read more...] about Singapore stock market bounces on Fed’s bumper boost

BANGKOK: Two immigration officers at Bangkok's main airport have coronavirus and may have handled the passports of visitors to Thailand, a health official said Wednesday (Mar 11). The men, both working at Suvarnabhumi airport, fell ill on Mar 7 and 8 respectively and potentially came into contact with arriving passengers in the days before their diagnosis. READ: COVID-19 outbreak: Travellers from 4 countries must show medical certificate before boarding flights to Thailand One of the officers was among a team leading health screenings of Thai returnees from South Korea - which has reported the second most COVID-19 infections in Asia after China. "They were not working at the same spots," Sopon Iamsirithaworn of the Disease Control Department said. "There is a chance they came into contact with foreigners or touched passports," he added. Thailand's Interior Minister said Wednesday it will suspend visa-free arrivals from South Korea, Hong Kong and Italy, as well as … [Read more...] about Thai immigration officers at Bangkok airport diagnosed with COVID-19