Rising rates could have big implications for financial markets, including causing a bear market in gold
Interest rates in the U.S. are at levels not seen in years and that could have massive ramifications across different financial markets, especially for gold, MKM Partners' Michael Darda warned on Wednesday.

Year-long pay squeeze comes to an end
Wages rose at an annual rate of 2.9% in the three months to March, faster than inflation for the first time in more than a year, official figures show.

Bitcoin mining hardware firm files for $1b IPO in Hong Kong's first cryptocurrency flotation
Bloomberg reports that the world’s second bitcoin mining gear maker Canaan Inc., has submitted a filing for an IPO at the Hong Kong stock exchange in a move that makes it the city’s first cryptocurrency flotation.

Pharma deal could prove among sector’s biggest consolidations yet
CR Pharma agrees to take controlling stake in state-owned rival Jiangzhong, as China seeks to slash medicine costs and improve quality assurance

Britain seeks 30 billion pounds investment to boost economy after Brexit
LONDON (Reuters) - Trade secretary Liam Fox will invite overseas investors on Thursday to submit bids for financing 30 billion pounds of projects to help the world’s sixth-largest economy cope with the upheaval of leaving the European Union.

Fintech loan platform pushes to be Hong Kong's first licensed virtual bank
Homegrown fintech lending platform WeLab is gunning to be amongst the first batch of companies to apply for a virtual banking license from Hong Kong’s central bank, its co-founders told South China Morning Post.

Is Dandong’s soaring home price the first instalment of the Korean peninsula’s peace dividend?
April home prices jump 2 per cent in Dandong, the Chinese gateway to North Korea on the banks of the Yalu River, the biggest gain out of 70 cities

Can back-to-back blockbuster IPOs live up to the hype?
Bloomberg reports that although Hong Kong is set for a busy year ahead with the back-to-back mega listings of smartphone maker Xioami and phone tower operator China Tower that could raise $10b each

Banking royal commission casts doubt on regulator ASIC's enforceable undertakings
Do the crime, but negotiate the time. Enforceable undertakings are a controversial Australian invention to punish corporate wrongdoers without regulators taking expensive court action.

Which is more tasty? China’s apple futures craze, or mainland’s stock market
A recent spike in apple futures prices and trading volumes on the Zhengzhou Commodity Exchange was triggered by a recent cold snap that damaged China’s main apple producing regions, says analysts

Japanese manufacturer fined a record $46 million for car parts cartel
The giant Japanese electrical component maker Yazaki Corporation has been fined a record Australian fine of $46 million for price fixing and engaging in running a cartel in parts supplies.

Airline dynasty crashes to earth in latest scandal to hit South Korean elite
Bad-tempered public outbursts have heaped public outrage on the Cho family, which is also being investigated for smuggling and tax evasion