Alibaba Stock Forecast: BABA approaches $100 for first time since April amid Chinese equity rally fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
Alibaba Group Holding Limited (NYSE: BABA) stock traded lower Monday as it decided to hold on to its stake in Ant Group, declining to participate in a share buy-back plan.
Hong Kong's biggest commercial banks are expected to raise borrowing costs next week to ease their funding pressure, analysts said, with the Federal Reserve odds-on to resume its policy tightening path after a pause in June. That would deliver a blow to consumers servicing HK$1.83 trillion (US$232 billion) of outstanding home mortgages, as well as delay a recovery in the city's real estate market and economy. The upshot is that it could help stem capital flight to higher-yielding US dollar asset
Chinese business tycoon Wang Jianlin's $40 billion collapse dailytelegraph.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytelegraph.com.au Daily Mail and Mail on Sunday newspapers.