UK consumer car finance market down 2% in October 2024: FLA
  • December 8, 2024

UK consumer car finance market down 2% in October 2024: FLA

Consumer car finance new business volumes fell in October 2024 by 2% compared with the same month in 2023, according to figures released by the Finance & Leasing Association (FLA). The corresponding value of new business fell by 1% over the same period. In the ten months to October 2024, new business was 1% lower…

Chinese stocks, yuan stage late rebound on Politburo pledges
  • December 8, 2024

Chinese stocks, yuan stage late rebound on Politburo pledges

(Bloomberg) -- Chinese stocks listed in Hong Kong rebounded in the final hour of trading as the nation’s top leaders vowed to ease monetary policy and expand fiscal spending. Most Read from BloombergA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitThe Hang Seng China Enterprises Index reversed a small drop to end the day 3.1% higher, it’s bigg

Chinese memory chipmaker YMTC denies back-door listing move amid semiconductor stock surge
  • December 8, 2024

Chinese memory chipmaker YMTC denies back-door listing move amid semiconductor stock surge

Yangtze Memory Technologies Corp (YMTC), China's leading memory chipmaker, has denied it is seeking a back-door listing to take advantage of the frenzy in the country's chip-related stocks amid tighter US tech sanctions. Considered China's best chance to compete in advanced flash memory chips against global leaders Samsung Electronics and SK Hynix, YMTC issued a statement on Sunday saying it "never had any intention of pursuing a back door- listing". The statement was in response to earlier loca