HONG KONG, May 26 (Reuters) - BOC Aviation Ltd on Friday said it would buy six new aircraft from Airbus for an aggregate list price of $1.05 billion as the aircraft lessor builds its balance sheet by investing in modern, efficient and in ... ( read original story ...)
Hong Kong Becomes Collateral Damage After Moody’s China Cut
Hong Kong saw its debt rating cut by Moody’s Investors Service hours after China’s downgrade, highlighting potential risks from a tightening economic integration. The former British colony has seen not only its property and stock markets increasingly ... ( read original story ...)
Hong Kong’s Downgrade on China Masks Signs of Local Health
While Chinese stocks spiked lower on Wednesday’s downgrade -- before rebounding amid speculation of intervention-- equities in Hong Kong shrugged off the news, keeping to a trend that’s made the city’s stocks among the best performers in Asia this year. ( read original story ...)
Hong Kong could expose itself to bigger financial risks with growing involvement in ‘Belt and Road’ plan, Moody’s warns
Hong Kong could face bigger financial risks and see its credit ratings drop further with its growing involvement in China’s plan to open up trade along a new Silk Route, according to the writer of a report issued by Moody’s, which downgraded the city ... ( read original story ...)
Samsung battles Apple in SAR
namely DBS Hong Kong, BOC Hong Kong, Citibank and Dah Sing Bank.Samsung Pay directly challenges Apple Pay, launched last year in partnership with some of the SAR's largest banks - HSBC, ... The global battle between Apple and Samsung shifts to Hong Kong ... ( read original story ...)
Late-comer Samsung Pay goes live in Hong Kong
BOC Credit Card, a unit of Bank of China Hong Kong, said customers who pay with Samsung Pay using its Visas or Mastercards will be eligible for discounts at retailers Mannings and 7-Eleven. Citi is offering customers free Samsung Galaxy S8s and a cash ... ( read original story ...)
Moody’s downgrades Hong Kong credit rating after China cut
Moody's decision to cut its credit rating for Hong Kong soon after downgrading its China rating on worries about rising debt levels drew an objection Thursday from the business hub's financial chief. Financial Secretary Paul Chan said he strongly disagreed ... ( read original story ...)
Plane skids off Hong Kong runway as the city is battered by heavy storm
A plane veered off the runway at Hong Kong International Airport today after heavy rainstorm lashed the city. The plane, reported to have carried 141 passengers and crew on board, skidded onto the grassy area as it was taxiing to the gate. Two passengers ... ( read original story ...)
Hong Kong grinds to a halt amid rainstorm that leaves social media awash with surreal flood scenes
Hong Kong ground to a halt on Wednesday as the black rainstorm signal was issued for the first time this year, bringing downpour and flooding that left cars submerged and shop staff scrambling for sandbags to keep out rising water. A surreal scene captured ... ( read original story ...)
Moody’s downgrades Hong Kong after China ratings cut
HONG KONG Moody's Investors Service downgraded Hong Kong's local and foreign currency issuer ratings just hours after it cut China's credit ratings for the first time in nearly 30 years. The U.S. ratings agency downgraded Hong Kong's rating to Aa2 from Aa1 ... ( read original story ...)
Transaction app Alipay launches first non-yuan version in Hong Kong
Payments through AlipayHK, which handles mobile payments in Hong Kong dollars, will be accepted at more than 2,000 stores in the city from Thursday, said Ant Financial Services Group, an Alibaba Group affiliate that runs the platform. "Introducing local ... ( read original story ...)
Hong Kong police arrest 21 Uber drivers in new crackdown
HONG KONG -- Hong Kong police launched a fresh crackdown Tuesday on Uber, arresting 21 drivers suspected of working for the ride-hailing giant in the Asian financial centre. It's the latest regulatory headache for Uber, which already is fighting a similar ... ( read original story ...)
Britain’s top diplomat in Hong Kong pays tribute to victims of Manchester terror attack
Britain’s top diplomat in Hong Kong condemned the terrorist attack on Manchester that left 22 people dead as a “barbaric act” as he signed a book of condolences on Wednesday paying tribute to the victims. Consul-general Andrew Heyn said the people of ... ( read original story ...)
Hong Kong stocks hit 22-month high despite Moody’s China downgrade
Mainland Chinese stocks fell on the news, but investors in Hong Kong were more sanguine. "The current market euphoria is a concern for contrarians," wrote Hong Hao, head of research at BOCOM International. "Hong Kong's risk premium is plunging to its ... ( read original story ...)