SF Holding Co. , China’s biggest express-delivery firm, is set to open a gold vault in Hong Kong to tap demand for storage as the city pushes forward with plans to become a precious-metals hub. The courier is planning to open the custodian vault within its complex near the airport in October, said people familiar with the matter. One section will comprise safe-deposit boxes for high-value assets, ...
SF Holding Co. , China’s biggest express-delivery firm, is set to open a gold vault in Hong Kong to tap demand for storage as the city pushes forward with plans to become a precious-metals hub. The courier is planning to open the custodian vault within its complex near the airport in October, said people familiar with the matter. One section will comprise safe-deposit boxes for high-value assets, while the other will mainly be for precious metals, with a capacity of 50 to 100 tons, they said, asking not to be named as they’re not authorized to speak to the media. SF did not respond to an emailed request for comment. Hong Kong is promoting itself as a trading, financing and storage hub for gold. It plans to launch a central clearing system for physical trading this year, expand vaulting capacity to 2,000 tons within three years, and encourage central banks to store bullion in the city. The Hong Kong exchange is also planning to relaunch bullion futures. SF sees opportunities to tap a storage market that has been growing, thanks to demand from wealthy individuals and to government support, the people said. Hong Kong could also be a stepping stone toward broader expansion, they added. Read More: Hong Kong Woos Central Banks to Become Gold-Trading Hub The vault will not be SF’s first foray into commodities. The courier firm is a Shanghai Gold Exchange-certified logistics provider and a courier for large jewelry chains and mining companies in mainland China. In Hong Kong, it is the local partner of one of the first warehouses approved by the London Metal Exchange last year to store base metals like copper. SF is not yet a member of the London Bullion Market Association, a credential required by some dealers and banks when choosing logistics partners. The precious-metals logistics sector is dominated by a small group of companies, including Brink’s Global Services, Malca-Amit Group of Companies, and Loomis AB.
Malaysian Prime Minister Anwar Ibrahim’s ruling alliance will try to show a united front this weekend, but two former ministers from his own party are threatening to pull attention back to the fractures inside the reformist camp. Pakatan Harapan (PH), the reformist coalition led by Anwar, holds its first convention in four years in the southern state of Johor on Sunday. That same day, former econo...
Malaysian Prime Minister Anwar Ibrahim’s ruling alliance will try to show a united front this weekend, but two former ministers from his own party are threatening to pull attention back to the fractures inside the reformist camp. Pakatan Harapan (PH), the reformist coalition led by Anwar, holds its first convention in four years in the southern state of Johor on Sunday. That same day, former economy minister Rafizi Ramli and former natural resources and environmental sustainability minister Nik...
Tesla Inc. (NASDAQ:TSLA) and SpaceX CEO Elon Musk reaffirmed orbital datacenter goals on Thursday as NVIDIA Corp (NASDAQ:NVDA) CEO Jensen Huang outlined the growing need for energy to operate AI compute. Space Is The Only Way User @TheChiefNerd posted a clip on X that showed Huang sharing that the amount of energy needed for AI compute exceeded current capacity. “The amount of energy that we need ...
Tesla Inc. (NASDAQ:TSLA) and SpaceX CEO Elon Musk reaffirmed orbital datacenter goals on Thursday as NVIDIA Corp (NASDAQ:NVDA) CEO Jensen Huang outlined the growing need for energy to operate AI compute. Space Is The Only Way User @TheChiefNerd posted a clip on X that showed Huang sharing that the amount of energy needed for AI compute exceeded current capacity. “The amount of energy that we need for computing is probably 1,000x more than we currently have,” Huang said. Read Also: Elon Musk Says
A surge in energy prices triggered by the Iran war is prompting investors to revisit a familiar trade: inflation-linked bonds. This arcane corner of the debt market only rarely makes headlines because of its relatively small size and the unremarkable returns it offers in normal times. The appeal of these instruments lies in the promise that their value will be protected when there’s a sharp rise i...
A surge in energy prices triggered by the Iran war is prompting investors to revisit a familiar trade: inflation-linked bonds. This arcane corner of the debt market only rarely makes headlines because of its relatively small size and the unremarkable returns it offers in normal times. The appeal of these instruments lies in the promise that their value will be protected when there’s a sharp rise in prices. This safeguard can be less reliable than advertised. The value of linkers — as the securities are colloquially termed — nosedived in 2022 even as inflation surged following Russia’s invasion of Ukraine. A preference for inflation-linked debt was one reason why UK water companies were tipped into a financial crisis so dire that the government briefly considered a partial nationalization. What is inflation-linked debt and how does it work? Whereas ordinary bonds pay a fixed return, the principal and interest payments on inflation-linked debt rise in step with consumer prices. This protects investors in the notes by ensuring their income stream doesn’t lose value over time. The face value of the debt tracks an inflation index that is clearly defined in the bond’s terms. The interest payments also rise since they are calculated as a percentage of the principal. Inflation-linked loans raised by companies work in a similar way. There are also inflation-linked swaps, where fixed payments are exchanged for inflation-adjusted amounts. These can effectively transform a regular bond into one tied to inflation, and some UK water companies have used those, too. Why do companies and governments issue them? Inflation-linked bonds can pay significantly lower coupons than ordinary debt as they don’t have to compensate investors for the risk of future inflation spikes eating into real returns. They can be a savvy way of raising money if inflation turns out to be lower than expected. They are especially appealing to companies in industries whose profitability is closely tied to risi...
The Photo London Emerging Photographer Award, presented in partnership with Nikon, launched in 2015 and was set up to nurture and enable the career development of emerging photographic artists. The shortlisted work for 2026 is on display at Photo London Continue reading...
The Photo London Emerging Photographer Award, presented in partnership with Nikon, launched in 2015 and was set up to nurture and enable the career development of emerging photographic artists. The shortlisted work for 2026 is on display at Photo London Continue reading...
You may not love the idea of having your wages taxed to fund Social Security. But in exchange for paying into the system, you have the promise of retirement benefits to sustain you once your career comes to an end. You might think you'll be fine retiring on Social Security alone. And to be fair, plenty of people do it. But you may be shocked to learn how limited your retirement income might be if ...
You may not love the idea of having your wages taxed to fund Social Security. But in exchange for paying into the system, you have the promise of retirement benefits to sustain you once your career comes to an end. You might think you'll be fine retiring on Social Security alone. And to be fair, plenty of people do it. But you may be shocked to learn how limited your retirement income might be if you don't have savings to supplement those monthly benefits. Image source: Getty Images. Continue reading
Schneider Electric Chairman Jean-Pascal Tricoire discusses how geopolitical tensions are reshaping global energy production, the growth potential across the African continent, and the role of energy efficiency and AI in powering the continent’s future. He speaks with Bloomberg TV's Jennifer Zabasajja at the Africa CEO Forum in Kigali. (Source: Bloomberg)
Schneider Electric Chairman Jean-Pascal Tricoire discusses how geopolitical tensions are reshaping global energy production, the growth potential across the African continent, and the role of energy efficiency and AI in powering the continent’s future. He speaks with Bloomberg TV's Jennifer Zabasajja at the Africa CEO Forum in Kigali. (Source: Bloomberg)