Hong Kong Will Inspire China’s Confidence on Capital Flows, Says City’s Financial SecretaryHong Kong Financial Secretary Paul Chan said the city would attempt to “inspire the confidence” of Chinese authorities, after Beijing’s sweeping crackdown on illicit overseas investment cast a chill over banks in the city.
Tech Stocks Sink as Oil Jumps on US-Iran Jitters: Markets WrapA flare-up in geopolitical tensions lifted oil prices while fueling losses in stocks and bonds, with Wall Street also rattled by a renewed selloff in some the world’s largest technology companies.
San Francisco’s ‘Overpaid CEO’ Tax Quashed with Billionaire HelpSan Francisco voters rejected a union-backed ballot measure to raise taxes on large corporations doing business in the city, a win for billionaires who argued that the levy would harm the city’s economic recovery.
IMF Urges Nigeria to Maintain Tight Monetary Stance to Counter War RisksThe International Monetary Fund said Nigeria should maintain tight monetary policy to curb inflation, while cautioning that a recently announced $5 billion debt swap poses potential risks.
Clip Partners With Ant on Consumer Payments Wallet in MexicoMexican payments company Clip is launching a digital wallet as it pushes to bring millions of consumers and small businesses into the country’s formal financial system.