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27.04.26 - 02:06
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How the Middle East war is boosting family offices, private banking in Hong Kong and Asia (SCMP)
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The Middle East war has created new opportunities for family offices and private banking businesses in Hong Kong and Asia, as wealthy investors in the region seek to diversify their investments away from the conflict zone, according to industry players.
Ida Liu, CEO of HSBC Private Bank, said some affluent Middle Eastern customers were diversifying into Asia. The bank is the largest wealth manager in Asia with US$1.05 trillion in wealth balances in Asia last year, up 16.3 per cent from a year......
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26.04.26 - 13:12
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China′s Li Auto targets BMW and Mercedes with premium SUVs in Middle East, Asia-Pacific (SCMP)
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Li Auto, one of Tesla's major rivals in mainland China, has set its sights on the Middle East and Asia-Pacific, with its premium intelligent models poised to take on petrol car brands such as BMW and Mercedes-Benz.
The Beijing-based electric vehicle (EV) maker, which is actively building a sales network abroad, expected overseas deliveries to account for 30 per cent of its total by 2030, according to president Ma Donghui.
“It is inevitable that we will compete against BMW, Benz and Audi, which......
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25.04.26 - 18:36
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California′s jet fuel supply drops to three-year low as Middle East turmoil squeezes global oil market (The Guardian)
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Industry analysts say fuel price surge could lead to canceled flight routes that could snarl travelers' plansCalifornia's jet fuel supply has dropped to a level not seen since 2023, as turmoil in the Middle East continues to squeeze the global oil market.As of 17 April, the state's jet fuel stock was just over 2.6m barrels, in comparison to 3.2m barrels two years prior, according to the California energy commission (CEC), which publishes a refinery stocks data dashboard. Continue reading......
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