Day: October 1, 2025

Since the beginning of the year, Kelvin Siu and his fiancée had waited for gold prices to decline before buying jewellery for their wedding. Last week, they finally pulled the trigger to purchase, as gold prices continued to climb to fresh highs. Advertisement “We had no choice but to buy the gold dragon and phoenix bracelets and other jewellery last week because our wedding day is getting close,” said Siu, who has booked his wedding in December. Gold prices, which have surged more than 48 per cent this year in…

French asset manager Amundi has largely cashed out of China’s September equity rally, reallocating more of its holdings to dividend stocks amid lingering doubts about the country’s economic outlook. Advertisement The European firm, which manages €2.3 trillion (US$2.7 trillion) in assets, had trimmed positions in “overvalued” Chinese stocks while selectively increasing exposure to onshore shares over Hong Kong-listed equities given their valuation gap, said Philippe d’Orgeval, the firm’s deputy group chief investment officer, in an interview. It also added dividend-paying stocks through the CSI 300 Dividend Index. “If there is…

Renault and China’s Chery Automobile are in talks to partner on carmaking and sales in South America as both manufacturers pursue growth in the region, according to people familiar with the matter. Advertisement The discussions included plans for Colombia and Argentina, where Chery would gain access to Renault’s existing factory network in return for providing capital and product design, said the people, who asked not to be named because the deliberations are private. The Chinese carmaker would use Renault’s plant in Envigado, Colombia, to make combustion-engine cars, with the majority…

With China’s three most economically important cities recently rolling out policies to address renewed weakness in the property sector, analysts say stabilising the industry would be significant in terms of boosting consumer sentiment, but that no quick market rebound should be expected. Advertisement Those efforts in the three first-tier cities, dubbed by some as the last line of defence for China’s real estate market, might result in short-term rebounds in limited regions, said Lian Ping, director general of the China Chief Economists Forum, but there was no end in sight…

Prudential Hong Kong will expand healthcare partnerships and explore more use of artificial intelligence to capture growing opportunities from people crossing the border – in both directions – for medical treatment, according to its top boss. Advertisement The insurer handled more than 2,200 cross-border hospital claims in the first half of this year, according to Lawrence Lam, CEO of Prudential Hong Kong. Such claims represented 30 per cent of the total, up from 26 per cent a year earlier. “We have seen an increasing trend of Hong Kong customers preferring…

After his high-stakes summit with US President Donald Trump in Anchorage, Alaska, in August, Russian President Vladimir Putin told reporters that cooperation with the United States in the Arctic was “very possible”. Advertisement “We see that Arctic cooperation is also very possible in our international context. For example, between the far east of Russia and the west coast of the US.” Putin did not give details, nor did Trump, who spoke after Putin at Joint Base Elmendorf-Richardson. But one day earlier, when asked about a report by The Daily Telegraph…