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HSBC, Citigroup rush in to catch China cross-border wealth

Bloomberg HSBC Holdings Plc, Citigroup Inc and other lenders are moving rapidly to tap a new program that will allow investments between Hong Kong and mega-cities in southern China. HSBC has put up 60 centres in the Chinese mainland and Hong Kong after the long-awaited program, called Wealth Management Connect, was given the green-light last month as banks received final ...

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US futures, European stocks rise on earnings; dollar dips

Bloomberg US futures rose with European stocks Tuesday as the prospect of solid corporate earnings helped counter concerns stemming from elevated inflation. Treasuries were steady and the dollar declined. Travelers Cos. rose in pre-market trading, while Johnson & Johnson fluctuated after reporting. Technology shares rallied and crypto stocks were in the spotlight as Bitcoin continued its climb toward all-time highs ...

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Bitcoin pushes towards record before debut of futures-based ETF

Bloomberg Bitcoin continued its climb towards all-time highs, bolstered by optimism over the upcoming launch of the first Bitcoin futures exchange-traded fund in the US by asset manager ProShares. The largest cryptocurrency rose as much as 2.6% on Tuesday to trade around $62,961. It’s more than doubled this year in volatile trading. The April record is just under $64,870. ProShares ...

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