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Check FAQAbout Rachel
Rachel is a Hong Kong based journalist available for writing, photography and videography work. She is currently covering Hong Kong's ongoing political turmoil stemming from the controversial extradition bill. Rachel has previously worked in the Hong Kong desk at South China Morning Post. As a final year student, she is also a deputy editor for The Young Reporter, an English-language news publication based in Baptist University.
Portfolio
China Stimulus Sets Tone for Major Banks, HSBC Is All About Overhaul
China's recent stimulus measures are expected to influence the third-quarter earnings of major Chinese banks, including ICBC, CCB, AgBank, and Bank of China, as they face challenges from reduced net interest margins. HSBC's new CEO, Georges Elhedery, is focusing on cost reduction, with potential senior management cuts. Standard Chartered is likely to report increased net interest income, while ICICI Bank in India has exceeded profit expectations due to strong retail loan demand. The Chinese property market remains under pressure, with China Vanke facing liquidity issues. Investors are also watching for fiscal stimulus announcements from China's legislative body.
Indian Lenders’ Margins Hurt by Rising Credit Costs as Rate Cut Hopes Fade
Indian lenders, including Bajaj Finance, are facing increased credit costs as they struggle to attract deposits, impacting their margins. The Reserve Bank of India, led by Governor Shaktikanta Das, is cautious about cutting rates, citing risks. HDFC Bank and Kotak Mahindra Bank have reported narrowing margins and missed profit expectations. Meanwhile, Hong Kong Exchanges & Clearing is expected to benefit from a positive IPO outlook and market rally. SK Hynix is projected to return to profitability due to improved chip prices, and Kweichow Moutai anticipates earnings growth despite stable wholesale prices.
Pressure amps up on Infosys, Wipro likely to beat high expectations
Infosys faces high expectations amid investor concerns about a potential market correction, while Wipro is anticipated to meet or exceed these expectations.
Thinking about early retirement? Here’s what you should know first
The article provides insights for individuals considering early retirement, whether due to necessity or personal choice. It outlines key considerations and factors to evaluate before making the decision to retire early, aiming to guide readers in making informed financial and lifestyle choices.
Trudeau mulls name-and-shame policy to curb foreign worker abuse
Prime Minister Justin Trudeau’s government is considering a policy to publicly name business managers or owners who violate Canada’s labor rules as a measure to curb abuses of temporary foreign workers.
Hedge Funds Most Bearish on Commodities Since at Least 2011
Hedge funds are exhibiting the most bearish stance on commodities prices in at least 13 years due to concerns over a deeper economic slowdown, affecting demand for crude oil, metals, and grains.
Tiong Bahru Food Guide: 20 Places To Dine At
Tiong Bahru, one of Singapore's oldest neighborhoods, is a culinary treasure trove with a mix of famous cafes and hidden food gems. This guide highlights 20 dining spots, including Tow Kwar Pop for unique Singapore-style rojak, Hwa Yuen Porridge for savory porridge, and Leung Sang Hong Kong Pastries for classic egg tarts. Other notable mentions include Min Nan Prawn Mee, Chuan Kee Seafood, and Jian Bo Shui Kueh. The guide provides detailed descriptions, addresses, and opening hours for each eatery, catering to a variety of tastes and preferences.
Country Garden Delays 2023 Results and Will Suspend Trading
Country Garden has announced a delay in publishing its 2023 annual results, citing the need for more information to make appropriate accounting estimates and judgments. As a result, trading of its shares will be suspended from April 2. The company assures that this suspension will not materially impact its operations, with domestic housing delivery and offshore debt restructuring continuing as normal. Stakeholders, including local governments and overseas creditors, are strongly supporting the relevant work. Country Garden is working closely with its auditor, PricewaterhouseCoopers, to publish the results.
Country Garden, Vanke to Expose Extent of China’s Property Crisis
Earnings reports from Country Garden Holdings and China Vanke are expected to reveal the depth of China's property crisis, which is significantly impacting the economy. Country Garden faces worsening cash flow issues and potential liquidation, while Vanke's credit rating has been downgraded due to weakened sales and limited funding. Property stimulus measures are unlikely to revive new-home sales amid low confidence. Major Chinese banks are also under scrutiny as they navigate the property crisis, with some potentially becoming 'victims' of government rescue measures. Other companies like BYD, Nongfu Spring, and Anta Sports are highlighted for their expected financial performance amid the broader economic challenges.
Country Garden, Vanke to Expose Extent of China's Property Crisis
Earnings reports from Country Garden Holdings and China Vanke are expected to reveal the impact of China's property crisis on its economy. Country Garden faces a worsening cash crunch and potential liquidation, while Vanke struggles with liquidity pressure and declining sales. Despite property stimulus measures, new-home sales remain weak. Major Chinese banks, including Bank of China and Industrial & Commercial Bank of China, show minimal growth in net income, reflecting the broader economic challenges. Meanwhile, companies like BYD and Anta Sports are experiencing growth, with BYD expanding its market share in the EV sector.
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