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Month: September 2023

Posted on 09/09/2023

Hong Kong to Ease Shutdown After Record Rain Overwhelms City

(Bloomberg) -- Hong Kong’s heaviest rainstorm since records began in 1884 ... HK Observatory Expects Rainfall to Start Easing Early Afternoon At Wong Tai Sin subway station in Kowloon, videos ...

Posted on 09/09/2023

Hong Kong Rained Out, Investors Wake Up To Importance Of US China Relations, Week In Review

Asian equities were mostly lower this week as renewed concerns of another potential Fed rate hike weighed on risk assets globally. Trip.com reported Q2 revenue that exceeded pre-COVID (2019) levels by ...

Posted on 08/09/2023

Hong Kong wealthy families, funds among likely bidders in distress sale of defaulter Golden Wheel’s retail building in Tin Hau

Hong Kong’s property market remains stressed with the potential distress sale of a retail building in Tin Hau providing further evidence of the weak demand in the sector.

Posted on 08/09/2023

Alibaba pauses grocery IPO plans on valuation concerns – report

Alibaba (NYSE:BABA) is holding off on a potential Hong Kong IPO of its Freshippo supermarket chain. The Chinese tech behemoth estimated the grocery business could achieve a valuation of around $4 ...

Posted on 08/09/2023

Alibaba Grocery IPO on Backburner as Valuations Disappoint

Alibaba Group Holding Ltd. is putting a potential Hong Kong initial public offering of its Freshippo grocery chain on the backburner amid weak sentiment for consumer stocks, people with knowledge of ...

Posted on 08/09/2023

Alibaba grocery unit IPO put on ice amid disappointing valuation – Bloomberg News

Sept 8 (Reuters) - China's Alibaba Group Holding Ltd (9988.HK) is putting a potential Hong Kong initial public offering of its Freshippo grocery chain on hold amid weak sentiment for consumer stocks, ...

Posted on 08/09/2023

Hong Kong Flooded by Heaviest Rains in Over a Century

The metro has been inundated, cars were swept away and stock trading was canceled as the deluge outdoes wreckage from last week’s supertyphoon.

Posted on 08/09/2023

HSBC to stop providing money transfer services inside Russia and to Belarus for its corporate clients

MOSCOW. Sept 8 (Interfax) - The British banking group HSBC will stop providing funds transfer services to corporate clients in Russia and Belarus from October 27 due to sanctions imposed against these ...

Posted on 08/09/2023

This Beam Suntory exec has worked in Russia, Slovakia, and Hong Kong. She thinks more people should consider a global career

- Around the world. Throughout her career, Jessica Spence has worked in Russia, Slovakia, Poland, Hong Kong, Denmark, and now New York. It's the kind of global trajectory that not everyone ...

Posted on 08/09/2023

Hong Kong’s heaviest rain in at least 139 years triggers widespread flooding after typhoon

City sets hourly rainfall record as emergency services carry out rescues, while neighbouring Shenzhen gets heaviest falls since records began in 1952 ...

Posted on 08/09/2023

As war grinds on, HSBC halts Russia payments

HSBC will halt commercial payments by business customers to and from Russia and Belarus, the bank said on Friday, as lenders tighten restrictions beyond sanctions imposed after Russia's invasion of ...

Posted on 08/09/2023

Black storm warning in Hong Kong as over 6 inches of rain falls in one hour

Heavy rain in Hong Kong overnight flooded city streets and some subway stations, with hundreds evacuated and two deaths reported.

Posted on 08/09/2023

Asia markets fall as Japan economy grows slower than expected; Hong Kong cancels Friday trading

Asia-Pacific markets are set for a mixed open as Japan releases its trade balance for July, as well as its revised second quarter gross domestic product figures. Hong Kong markets may see limited ...

Posted on 08/09/2023

China’s Ant Group unveils finance AI model as race heats up

Ant Group unveiled a finance-specific artificial intelligence (AI) model on Friday and started testing consumer and professional apps for the product, joining a crowded race to deploy AI in heavily ...

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