Spot prices for liquefied natural gas (LNG) in Asia rose this week to their highest for this time of the year since 2013, as buyers prepare for more extreme temperatures amid a supply crunch.
Hong Kong Exchanges and Clearing Ltd will launch a consultation on rule changes in the third quarter of this year to allow special purpose acquisition companies (SPACs) to list in the city, a summary of a meeting of the city's top finance officials published on Friday showed.
British finance minister Rishi Sunak is pushing for financial services firms to be exempt from a new global tax system which was agreed last week by the Group of Seven (G7) economies, sources familiar with the negotiations said.
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HONG KONG (Reuters Breakingviews) - Bike-sharing companies are back in the saddle after a brutal wipe-out. Survivors are now pedalling their way onto public markets in a fresh test of investor endurance.
A man rides a bicycle of bike-sharing firm Hellobike amid Hellobike bicycles placed on a plaza a day ahead of the World Car Free Day, in Zhengzhou, Henan province, China September 21, 2018. Picture taken September 21, 2018. REUTERS/Stringer
China invented so-called “dockless” shared bicycles: hardy vehicles unlocked by smartphone and left anywhere for the next user. Mobike and Ofo spawned dozens of imitators at home and abroad. A price war ensued, while bike-strewn sidewalks irritated municipal officials, who cracked down. The collapse was brutal: Ofo had raised $2.2 billion, per Crunchbase, before it failed.