10.23.2019 Hong Kong-listed Index heavyweight Tencent Holdings Ltd (HK:0700) dropped almost 2% on Wednesday in Asia. While there is no apparent trigger for the fall in prices today, Bloomberg said it might be related to Tencent’s decision to air National Basketball Association (NBA) games this month despite escalating tensions between the association and China. China’s state broadcaster dropped NBA’s coverage this month, the first time it has not covered regular season games in at least a decade after Houston Rockets’ General Manager Daryl Morey published a tweet that defended Hong Kong
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10.22.2019 The Canadian dollar held near a three-month high on Tuesday as the market took in stride the prospect of a re-elected Liberal government, although some investors worried about the Liberals' need to rely on a left-leaning opposition party for support. Canadian Prime Minister Justin Trudeau's Liberals are set to form a minority government after a tight election on Monday, with the latest tally from Elections Canada showing Liberals had won or were leading in 155 out of 338 seats. A minority government leaves Trudeau in a weakened position and needing the support of a party such
10.21.2019, HONG KONG (Reuters) UBS (S:UBSG) will cut up to 30 jobs in the major centres of Hong Kong, Singapore, Sydney and Tokyo after combining its global markets and banking businesses, a person with knowledge of the matter said. The job cuts at the Swiss bank started last week and were centred on both "front and back office" positions in the trading and investment banking divisions of the global bank, said the person, who declined to be named. UBS said in September that it would combine its global markets and banking businesses in a move to pare back its management structure and re