Cathay had dropped some business class seats to less than $3500 return to Europe to promote the flight. The airline has 48 A350XWBs on order, with six delivered already. They are particularly well-suited to the narrow, thin routes such as Hong Kong to ... ( read original story ...)
Hong Kong team wins silver medal at ‘Bionic Olympics’ with innovative wheelchair design
A group of undergraduate students and faculty members at the Hong Kong University of Science and Technology developed the wheelchair in less than eight months. At the Cybathlon contest, held in Zurich, the multifunctional wheelchair helped Ng navigate ... ( read original story ...)
Finance, wealth and … slavery? Hong Kong one of Asia’s worst for forced labour
Hong Kong, a city commonly associated with finance and wealth, has one of the highest proportions of people enslaved across Asia, a new report has found. At least 29,500 people out of a population of more than seven million are trapped in modern slavery in ... ( read original story ...)
UBS Is Under Investigation in Hong Kong Over Its I.P.O. Work
HONG KONG — UBS, the Swiss bank, could face fines or suspensions from working on deals in Hong Kong as a result of an investigation by regulators in the city. UBS said on Thursday that it had been notified this month that the Securities and Futures ... ( read original story ...)
Hong Kong parking space breaks price record at £510,000
"We are already used to this kind of news. Every day we learnt about expensive things that break records from the media. But labour cost is only increasing at the speed of a tortoise," said Gary Lo. Ed Lau wrote: "How ridiculous can Hong Kong be? ( read original story ...)
Hong Kong stocks end morning lower before slew of bank earnings
Hong Kong stocks finished lower on Friday morning, as investors cautiously awaited a slew of earnings results from Chinese banks. The Hang Seng Index dropped 0.43 per ... with ICBC slipping 0.42 per cent, Bank of Communications down 0.3 per cent, and ... ( read original story ...)
BOC Hong Kong : BOCHK 9-month opg profit before impairment up 2%
HK$22,336 million, an increase of 2% over the same period last year. For the third quarter of 2016, the operating profit before impairment allowances dropped 10.5% quarter-on-quarter to HK$7,411 million. Net operating income before impairment allowances ... ( read original story ...)
BOC Hong Kong : net up 2.48pc but bad loans soar
Bank of China (3988) said net profit rose 2.48 percent year-on-year to 134.81 billion yuan (HK$154.35 billion) in the first nine months of this year, despite weaker profitability and rising bad loans. The net interest margin, a measure of banks ... ( read original story ...)
BOC Hong Kong : January-September Operating Profit Before Impairment Up 2.0% on Year at HK$22.34 Billion
HONG KONG--BOC Hong Kong (Holdings) Ltd. (>> BOC Hong Kong (Holdings) Ltd) said late Wednesday its operating profit before impairment allowances for the January-September period rose 2% from a year earlier to 22.34 billion Hong Kong dollars (US$2.88 ... ( read original story ...)
Hong Kong regulator probes UBS's role as sponsor of certain IPOs
HONG KONG Swiss bank UBS (UBSG.S) said Hong Kong's securities regulator is investigating its role as sponsor of certain unnamed stock market listings in the city, with the intention to start unspecified action against the bank and some of its employees. ( read original story ...)
Hong Kong regulators probe UBS on initial public offerings
HONG KONG - Swiss bank UBS said Friday that Hong Kong regulators are investigating its work on some initial public offerings on the southern Chinese financial centre's stock market. UBS also said that the city's Securities and Futures Commission notified ... ( read original story ...)
Swiss bank UBS in Hong Kong investigation for IPO work
HONG KONG - Swiss bank UBS says it's being investigated by Hong Kong regulators over its work on some initial public offerings on the southern Chinese financial centre's stock market. UBS also said Friday that the city's Securities and Futures Commission ... ( read original story ...)
Delusional British banker dangled off 31st floor balcony of Hong Kong flat in £20,000 cocaine binge before killing second prostitute and roaring at passers-by while …
A delusional British banker dangled off the 31st floor balcony of his Hong Kong flat during a £20,000 cocaine binge before killing a second prostitute, a court heard. Rurik Jutting said he took huge quantities of the drug before clambering on to the ... ( read original story ...)
Hong Kong’s new audit regulator should exclude industry practitioners for international recognition, says FRC
Hong Kong’s proposed independent audit regulator needs to exclude practitioners from the audit industry in order to meet international standards and be in line with major financial centres, top officials from Hong Kong’s Financial Reporting Council ... ( read original story ...)