Thailand holidays: be the only guests at this private Thai island resort October 9, 2023 Thailand is rethinking luxury with a new breed of private resort, finds Liz Connor The words ‘Thailand’ and ‘luxury’ aren’t always an obvious pairing. The hedonistic southern end of the country is famous for boozy full moon parties, well-trodden backpacker trails and hordes of tourists who flood to its shores to make the most of [...]
Citigroup to sell China consumer wealth business to HSBC October 9, 2023 Citigroup said on Monday it had agreed to sell its China consumer wealth portfolio, including clients, assets under management (AUM) and deposits, to Asia-focused HSBC Holdings Plc. The deal covers total deposits and investment AUMs of about $3.6 billion, and is expected to close in the first half of 2024. Financial details of the transaction [...]
‘Betting on human nature’: Short seller Carson Block on fraud, death threats and why he’s sniffing around UK firms October 5, 2023 'Betting on human nature': Short seller Carson Block on fraud, threats and why he's sniffing around UK firms
Rio pins recovery hopes on mega Simandou iron ore project amid share price blows October 5, 2023 Could revive Rio Tinto's long-held ambitions of mining the world's largest untapped supply of high-grade iron ore revive its share price?
FTSE 100 close: London markets dip again as ‘chill winds’ dent sentiment October 4, 2023 London markets opened lower again on Wednesday as the gloomy market sentiment of the last few days continued following stronger than expected US data.
Spirent: Telecoms firm’s share price plummets over 30 per cent after profit warning October 4, 2023 British telecoms testing services provider Spirent Communications warned of lower annual profit on Wednesday, saying the telecommunications market was "extremely challenged at this time" and Chinese spending had reduced.
How Petra Diamonds plan to use tech to battle rise of lab-grown alternatives October 4, 2023 Blockchain technology could help diamond sellers confirm the emissions footprint and the quality of working conditions at their mines.
China: Evergrande shares soar after property developer’s stocks resume trading October 3, 2023 Shares of debt-laden property developer China Evergrande Group soared on Tuesday after they resumed trading in Hong Kong following a suspension last week. By midday, Evergrande’s shares were up nearly 16% after jumping more than 60% early in the session. Evergrande is the world’s most heavily indebted property developer and is at the centre of [...]
Tourism tax: Heathrow sees rise in Chinese visitors — but they are not splashing the cash October 2, 2023 Chinese visitors have returned to numbers close to those before the pandemic — but they are not spending like they used to. Heathrow has reported that Chinese visitor numbers were at 88 per cent of 2019 levels in July, but the airport said their spending at its shops was only 33 per cent of what [...]
War with Taiwan would ‘collapse the Chinese economy’, Cleverly tells Tory conference October 2, 2023 China’s economy would collapse if it went to war with Taiwan, James Cleverly said, as he defended his policy of “clear eyed” engagement with Beijing. The Foreign Secretary said concerns about the strength of China’s economy were already forcing the ruling Communist Party to change course. Cleverly became the first UK Foreign Secretary to visit [...]