Facebook shares have dipped below $30 for the first time since their flotation, to a new low of $29.27. The shares were launched at $38 less than two weeks ago during its high-profile flotation, which valued the firm at more than $100bn.

posted 2 months ago • 8 votes

FINANCIAL SERVICES | Staff Reporter, Hong Kong No pain, no gain for Hong Kong’s banking industry. Hong Kong will adopt the tough Basel III banking reforms beginning January 1, 2013. Basel III is a global regulatory standard on...

China Overtakes U.K. in Venture Capital Financing Dow Jones VentureSource: China’s venture capital financing grows as Europe declines Hong Kong (Feb. 2, 2012) – China surpassed the U.K. to become the second-largest recipient of...

Hedge accounting is a practice many times creating Catch 22 situations. You should hedge to secure cash flow risk and operational contingency but you do not achieve compliance with hedge accounting standards. Therefore many...

Corporations are adding up the costs—and looking at alternatives to increasingly expensive banking services.     COVER STORY: MISSING PIECES   By Michael Shari   Corporations are adding up the costs—and looking at alternatives...

Busy making a long list of New Year’s resolutions? You might consider adding a few more items to your list – simple steps that can have a huge long-term impact on your career. If you missed the first six steps that I shared...

European stocks rose this week as reports showing a decline in U.S. jobless claims and increases in consumer confidence and durable-goods orders spurred optimism that the world’s biggest economy is strengthening.

The European debt crisis is growing to the point that it won’t be solved by one group of countries, Christine Lagarde, the managing director of the International Monetary Fund said today.