The current unrest and chaos in Hong Kong may create more business and property sale opportunities in Penang, says Chief Minister Chow Kon Yeow. He said Penang had always been a destination for ... ( read original story ...)
Alibaba postpones up to US$15b Hong Kong IPO amid protests: Sources
HONG KONG (REUTERS) - China's biggest e-commerce company Alibaba Group Holding Ltd has delayed its up to US$15 billion (S$20.76 billion) listing in Hong Kong amid growing political unrest in the Asian ... ( read original story ...)
Alibaba postpones up to $15 billion Hong Kong listing amid protests
Just last month, Anheuser-Busch InBev cancelled a planned up to $9.8 billion Hong Kong IPO of its Asia Pacific unit. The city loosened its rules last year specifically to lure overseas-listed Chinese ... ( read original story ...)
Alibaba postpones up to US$15 billion Hong Kong listing amid protests: Sources
HONG KONG: China's biggest e-commerce company Alibaba Group has delayed its up to US$15 billion listing in Hong Kong amid growing political unrest in the Asian financial hub, two people with knowledge ... ( read original story ...)
HK-based Bank of East Asia’s first-half profit tumbles 75%
HONG KONG, Aug 21 (Reuters) - Hong Kong-based Bank of East Asia Ltd (BEA) posted a 75% slump in first-half net profit after increased impairment losses in mainland China because of a downturn in ... ( read original story ...)
OCBC In Talks With Singtel About Singapore Virtual Bank License
But some are partnering, including in Hong Kong where Standard Chartered Plc tied up with PCCW Ltd. earlier this year to create a virtual bank. OCBC’s discussions are preliminary ahead of more details ... ( read original story ...)
UPDATE 1-Bank of East Asia’s H1 profit tumbles 75%, warns of protest impact on HK
HONG KONG, Aug 21 (Reuters) - Hong Kong-based Bank of East Asia Ltd (BEA) posted a 75% slump in first-half net profit after it wrote down loans in mainland China because of a downturn in commercial ... ( read original story ...)
China shares flat as market awaits central bank cues
HONG KONG — Stocks in Shanghai were little changed ... to deliver another 25 basis point cut next month, and U.S. central bank releases minutes of its last policy-setting meeting later on ... ( read original story ...)
Bank of East Asia net plunges by 74.9pc to HK$1b on China impairments
Bank East Asia said today profit for the first half fell by 74.9 percent to HK$1 billion, representing a drop of HK$2.99 billion compared with the HK$3.99 billion earned in the same period in 2018.Pre ... ( read original story ...)
Soldiering on or fizzling out: 2 possible outcomes of the Hong Kong protests
It's basic human rights. We simply must soldier on," she told CBC News. At a news conference Monday in Hong Kong, other organizers emphasized that the peaceful nature of the rally provides an opening ... ( read original story ...)
Hong Kong’s evolving protests: Voices from the front lines
HONG KONG - On a recent sweltering Saturday, a day now reserved for protest in Hong Kong, a demonstrator named Wayne stepped past a row of plastic barricades, lifted a pair of binoculars and squinted. ( read original story ...)
Worker at Britain’s Hong Kong Consulate Is Feared Detained in China
Mr. Cheng, who is 28 and also goes by the name Simon, traveled to Shenzhen, the city just across the border from Hong Kong, to attend a business conference on Aug. 8, but did not return the same day ... ( read original story ...)
McKinsey Warns of Looming Asian Debt Crisis
McKinsey’s Joydeep Sengupta and Archana Seshadrinathan ... companies in five countries had coverage ratios below 1.5: Australia, China, Hong Kong, India and Indonesia. Those same companies ... ( read original story ...)
Hong Kong’s tough strategy against protests — and how it could backfire
Last week, Chinese officials addressed more than 500 Hong Kong business leaders and pro-Beijing politicians in Shenzhen, calling on them to support local authorities. They also asked them to organize ... ( read original story ...)