HSBC Holdings Plc's Chief Executive Officer Noel Quinn has announced his resignation, prompting the bank to initiate a search for his replacement. As reported by Bloomberg, the decision comes as the HSBC board commences a formal process to identify potential successors, considering both internal and external candidates.

HSBC CEO Noel Quinn steps down abruptly; bank commences search for successor

Tesla's CEO Elon Musk's recent visit to Beijing yielded progress towards the rollout of the automaker's advanced driver-assistance package in China, propelling Tesla shares by nearly 18 per cent on Monday.

Tesla's shares surges as China backs Elon Musk's full self-driving initiative

Hong Kong marked a milestone in its ambition to become a regional hub for virtual asset investment as it commenced trading Asia's inaugural spot bitcoin and ether exchange-traded funds (ETFs) on Tuesday.

Hong Kong launches Asia's 1st Bitcoin, Ether ETFs, pioneering virtual asset investment

Samsung Electronics released its first-quarter results on Tuesday, reporting a tenfold increase in operating profits compared to the previous year, propelled by resurging chip prices and surging demand, particularly for generative AI.

Samsung's Q1 operating profits surge, fuelled by semiconductor demand

US federal prosecutors are pushing for ex-Binance chief Changpeng Zhao to face imprisonment as he heads to court for sentencing on money laundering charges. According to investigations conducted by two Treasury agencies, Binance, under Zhao's leadership, allegedly failed to prevent transactions linked to entities such as the Islamic State group, al-Qaeda, and the armed wing of Hamas.

Binance's former chief faces sentencing in US court amid money laundering charges

Ships navigating around the Red Sea due to ongoing security threats from Houthi rebels are contributing to carbon emissions, posing challenges for companies attempting to reduce pollution in their supply chains, Bloomberg News reported.

Red Sea shipping diversions boost carbon emissions equivalent to 9 mn cars

Chinese businesses, struggling with challenges in conducting transactions with Russia amid concerns over US sanctions, are resorting to unconventional methods to facilitate payments.

Chinese firms navigate payment hurdles amid Russia trade troubles

Options traders in the Treasury market are hedging against a spectrum of scenarios, ranging from possible interest rate cuts to hikes ahead of the Federal Reserve meeting this week, Bloomberg reported.

Options traders navigate uncertainty amid Federal Reserve rate speculation

Elon Musk, CEO of Tesla, embarked on an unannounced visit to Beijing, sparking speculation about the electric car company's ambitious plans for self-driving technology and data management.

Tesla's roadmap in China: Elon Musk explores self-driving tech agenda

Reinold Geiger, the billionaire owner of L’Occitane International SA, is reportedly on the edge of making an offer to privatise the renowned skincare company. According to Bloomberg, the deal, estimated to be around $7 billion, inclusive of debts, would see Geiger acquiring the remaining shares he doesn't already own at a per-share price ranging from HK$33 to HK$34.

L’Occitane owner Geiger nears $7 billion buyout deal: Report

Singapore Telecommunications (Singtel) anticipates a huge non-cash impairment of S$3.1 billion (equivalent to $2.28 billion) for the latter half of 2024, indicating an impending net loss for the period.

Singtel forecasts $2.3 bn impairment hit, expects net loss in 2024 second-half

The Japanese yen plunged to its lowest level in 34 years, slipping below 160 against the US dollar on Monday. According to news agency AFP, this fall came after an unusually high US inflation report, which dashed hopes for possible interest rate cuts by the Federal Reserve this year.

Yen plummets to 34-year low below 160 against dollar: Report

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