HONG KONG--(BUSINESS WIRE)-- NTT Communications Corporation (NTT Com), the ICT solutions and international communications business within NTT Group, today announced that its Financial Data Center Tower 2 (FDC2) becomes the first service provider’s data ... ( read original story ...)
Hong Kong could become the next 'demographic time bomb'
Hong Kong is quickly becoming the next demographic time bomb. Economists use "demographic time bomb" to refer to places where consumer spending and the national birth rate are both low. Often, they're entangled in a vicious cycle: As people feel the ... ( read original story ...)
Hong Kong's next leader pledges to heal divisions, put city back on 'normal course'
HONG KONG Hong Kong's next leader, Carrie Lam, vowed on Thursday to heal political and social divides, pledging to return the global financial hub to its "normal course of development". Lam takes office on July 1 after being selected in March amid ... ( read original story ...)
Hong Kong chief executive-elect Carrie Lam puts former head of immigration in charge of office
Hong Kong’s former immigration director Eric Chan Kwok-ki is set to head the next chief executive’s office, according to incoming leader Carrie Lam Cheng Yuet-ngor. Announcing her choice for the chief executive-elect’s office director, Lam said she ... ( read original story ...)
How Hong Kong’s best rescue divers are preparing for more troubled waters under Macau-Zhuhai bridge
It was about 3pm on March 29. Three workers at the construction site of the Hong Kong-Zhuhai-Macau bridge had plunged into the sea and gone missing after a platform they were working on under the viaduct collapsed. “Visibility was low, the water was ... ( read original story ...)
Hong Kong remembers bloodiest violence 50 years on
HONG KONG: Hong Kong is unrecognisable now from the city which 50 years ago was the scene of bloody riots, fuelled by resentment of colonial rule and inspired by the Cultural Revolution unfolding in China. But although memories of the bomb-strewn chaos of ... ( read original story ...)
Hong Kong police on high alert over threat of ISIS-inspired lone wolves – report
Hong Kong faces real dangers of lone wolf-style attacks, with some extremists possibly already having sneaked into the city and planning attacks, the South China Morning Post reports citing the security units. Law enforcement stated on Wednesday ... ( read original story ...)
Hong Kong festival ends in race up tower studded with plastic buns
A dozen climbers in Hong Kong scrambled up a 60-ft (18-metre) tower covered with plastic buns in an annual contest won by the first man and woman to reach the top with the most buns plucked off the column in their ascent. Nearly 50,000 people flocked to ... ( read original story ...)
Hong Kong cops on alert for lone wolves inspired by IS
HONG KONG: Extremists inspired by the Islamic State (IS) terror group may have sneaked into Hong Kong or are already lurking in the city, putting anti-terror police on alert to prevent lone wolf-style attacks. Police on Wednesday said the danger was real, ... ( read original story ...)
Hong Kong shares fall slightly after Fed statement as HSBC jumps
Hong Kong stocks slipped slightly on Thursday, as a jump in index heavyweight HSBC Holdings largely counterbalanced any bearish sentiment stemming from the U.S. Federal Reserve's hawkish policy statement. The Hang Seng index fell 0.1 percent, to 24,683.88 ... ( read original story ...)
Hong Kong stocks lower at midmorning amid surge in Fed rate tightening expectations
Hong Kong stocks fell on Thursday, as traders digested the increased likelihood of a US rate rise in June. The Hang Seng Index opened at 10,150.37 and proceeded to fall, giving up 0.37 per cent. The Hang Seng China Enterprise Index was also down ... ( read original story ...)
BOCOM International plans to raise up to $267 mln in HK IPO-IFR
plans to raise up to $267 million in a Hong Kong initial public offering, IFR reported on Thursday, citing people close to the deal. The company, a unit of Bank of Communications Co Ltd (BoCom) , will offer 667 million shares and will give an indicative ... ( read original story ...)
HSBC first quarter pretax profit falls 19 percent; beats estimates
HONG KONG HSBC Holdings Plc on Thursday reported a 19 percent fall in first quarter profit, as Europe's biggest bank battles to restore flagging revenues following its restructuring. HSBC said pretax profit for the first three months of the year fell to $5 ... ( read original story ...)
HSBC 1Q pretax adjusted profit rises 12 percent to $5.9B
HONG KONG – HSBC says quarterly pretax profits rose 12 percent as improved trading and rising interest rates helped support the London-based global bank's businesses. The bank said on Thursday that profit for the first three months of the year ... ( read original story ...)