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Merrill Lynch bars trading of bitcoin fund, futures: WSJ

Merrill Lynch, the brokerage unit of Bank of America Corp, has barred clients and financial advisers who trade on their behalf from buying bitcoin, the Wall Street Journal reports. Ciiting concerns ov ...More

EJ Insight2018-01-04

LeEco CEO defies China return order, stays in US for fundraising

The founder of debt-laden tech conglomerate LeEco has defied orders from Chinese regulators to return to the country before the end of 2017, saying he must stay in the United States where a fundraisin ...More

EJ Insight2018-01-03

North Korea hackers suspected to be behind Monero mining

... a hacking unit called Andariel seized a server at a South Korean company in the summer of 2017 and used it to mine about 70 Monero coins. The Moneros are worth about US$26,350 based on current prices. ...More

EJ Insight2018-01-02

New Year starts with price increases

... $1.15 per unit of electricity and that charged by the latter being HK$1.125. Meanwhile, the 30,000 spaces in 151 parking lots managed by the Housing Authority saw their fees rise between 6 and 8 perce ...More

EJ Insight2018-01-02

Three little stories that reveal HK’s poor social welfare status

... ubdivided unit in Sham Shui Po. Unfortunately, he later came down with pneumonia and was hospitalized for two weeks. Worse still, he was not able to resume work immediately after he was discharged fro ...More

EJ Insight2018-01-02

SoftBank to buy Uber stake at 30% discount

... iving car unit Waymo that alleges trade-secrets theft and federal investigations that span possible bribery of foreign officials in Asian countries and the use of software to evade regulators. Over th ...More

EJ Insight2017-12-29

Huawei executive detained on suspicion of taking bribes

Huawei Technologies, the world’s third-largest smartphone maker, said Chinese police are conducting an investigation, after the China sales head of its smartphone unit was detained on suspicion of acc ...More

EJ Insight2017-12-28

CSRC orders LeEco founder to return to China, sort out debt woes

...  a listed unit and led to multiple defaults, the news agency said. The watchdog said it had previously asked Jia to return to China in September, but since then had not seen any action taken by the Le ...More

EJ Insight2017-12-27

Bitcoin currently not a threat to banking system: US regulator

... e digital unit does not currently pose a threat to the safety and soundness of the banking system. "But everybody’s watching it very closely," he told reporters, after bitcoin raced to new highs of US ...More

EJ Insight2017-12-21

What's Jimmy Lai's gameplan to revive Next Digital?

... ine media unit incurred a loss of HK$23 million with HK$294 million revenue, while the print business reported a loss of HK$76 million with HK$388 million revenue. The weak interim financial figures r ...More

EJ Insight2017-12-20

Mainland migrant suspected of killing, dismembering daughter, 12

... ubdivided unit on the third floor of a building on Canton Road in Mong Kok, they found it was locked and water was leaking from under the door. Police forced the door open, and found body parts in the ...More

EJ Insight2017-12-19

KC Chan disregards own warnings about property market risks

... uare-foot unit and two parking spots at Amber Garden, a 36-year-old estate. He was immediately ridiculed by the local press, which reminded him of his constant warnings about the risks of buying prope ...More

EJ Insight2017-12-14

Online retail boom brings more shopping festivals

Alipay, the mobile payments unit of China’s Ant Financial Services Group, launched a major shopping event on Dec. 12, called the “Double 12” International Festival. More than 10,000 shops in Hong Kong ...More

EJ Insight2017-12-14

Tencent expected to raise US$1 billion in music unit's IPO

... where the unit will list, the sources said. Underpinned by three separate platforms – QQ Music, KuGou and Kuwo – Tencent Music already has twice as many paying customers as Spotify Ltd. Tencent, Asia’ ...More

EJ Insight2017-12-14

A-share listing door seems to be closed for Chinese developers

... y service unit, citing "recent policy change from Chinese regulators" as the reason. The property giant had completed almost all the steps to spin off its unit in the A-share market. The spinoff was e ...More

EJ Insight2017-12-13

Could container homes as a housing option work in Hong Kong?

... ndustrial units or squalid cubicle homes. Temporary container housing would be a chance for them to reclaim a bit of dignity before they are assigned a permanent public flat. Two other Hong Kong compa ...More

EJ Insight2017-12-13

Power utilities to raise tariffs 1.9% next year

... 1.154 per unit of electricity after offering special rebates, while that charged by HK Electric will be HK$1.125, also with special rebates, the Hong Kong Economic Journal reports. The announcements w ...More

EJ Insight2017-12-13

Singapore's electric car-sharing program hits the road

... BlueSG, a unit of France’s Bollore Group, is a part of Singapore’s plans to reduce the number of vehicles on its roads and encourage the use of public transport. The city-state, one of the world’s mos ...More

EJ Insight2017-12-13

Founder of China's embattled LeEco placed on debt blacklist

... smart-car unit looking to rival electric car giant Telsa Inc. The latest twist, which follows court cases and Jia being ousted as chief executive of the main listed unit of the group he founded, is sy ...More

EJ Insight2017-12-13

What would every local startup buy after making big bucks?

... mes; each unit measures 1,700 square feet and has four bedrooms, valued at over HK$19,360 per square foot. Both units belonged to the same seller who acquired them from developer Sino Land for HK$57.6 ...More

EJ Insight2017-12-13

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