Federal Bank and Kotak Bank were trading higher by up to 3.76 per cent. Brokers said apart from weak global cues, investors booked profit after recent gains, pushing the indices down. Among Asian markets, Hong Kong's Hang Seng was down 0.87 per cent ... ( read original story ...)
Business in 90 Seconds
In this update: The Reserve Bank says low wages growth is expected to keep ... Looking at Asian markets, the Nikkei is closed in Japan, the Hang Seng is down in Hong Kong, China markets on the Chinese mainland are down too. Wall Street ended little changed ... ( read original story ...)
Morning Update newsletter: Ontario promises solitary reform; Obamacare repeal passes; pig trial ends
Private-sector role in Canada Infrastructure Bank raises conflict-of-interest questions Private ... Tokyo’s Nikkei was closed, but Hong Kong’s Hang Seng and the Shanghai composite each lost 0.8 per cent. In Europe, London’s FTSE 100 was up 0.1 ... ( read original story ...)
US jobs report shores up markets but oil weakens further
ASIA'S DAY: Hong Kong's benchmark Hang Seng index lost 0.8 percent to close at 24,476.35 while the Shanghai Composite index in mainland China shed 0.8 percent to 3,103.04. Australia's S&P/ASX 200 fell 0.7 percent to 5,836.60. Taiwan's benchmark fell and ... ( read original story ...)
Is the ‘Belt and Road Initiative’ a pipe dream or golden goose for Hong Kong investors?
They include the families of Li Ka-shing, the city’s richest man and chairman of CK Hutchison Holdings; Kwok Tak-Seng, founder of ... of opportunities should Hong Kong go into first? Liao Qun, chief economist at China Citic Bank International, said ... ( read original story ...)
Guangzhou Rural gets green light for up to $1 billion HK IPO: IFR
HONG KONG Guangzhou Rural Commercial Bank Co Ltd (GRCB) plans to start pitching an initial public offering of up to $1 billion to investors next week, after getting approval from the Hong Kong stock exchange, IFR reported on Friday, citing people close to ... ( read original story ...)
£1,000 reward for missing owl chicks in Hong Kong
These are external links and will open in a new window A nature lover in Hong Kong is offering the generous sum of HK$10,000 (£993, $1,300) for the return of a pair of baby owl chicks taken from their nest. William Sargent, who works as a snake catcher ... ( read original story ...)
Hong Kong transport and logistic industries say parking fine rise will affect livelihood of commercial drivers
Hong Kong’s transport and logistics industries have joined the chorus of disapproval against the government’s proposed 50 per cent rise in illegal parking fines as the increase, coupled with a recent parking fee raise, will hit professional drivers hard. ( read original story ...)
Retail sales in Hong Kong grow for first time in two years on upbeat demand, visitor figures
Retail sales in Hong Kong grew in March for the first time in about two years at 3.1 per cent, with a recovery on the horizon, according to industry experts. The expansion, the first since February 2015, came in the same month as an uptick in tourism ... ( read original story ...)
Travel News: First Time Visitors to Hong Kong – The Essential Travel Guide for Your Arrival
Now that you have passed through Customs, you are in the massive Arrival Hall of Hong Kong International Airport. Follow the signs to find your chosen form of transportation to your hotel. If you arrange for a private transfer, your driver or attendant .. ( read original story ...)
Hong Kong lawmakers push for insulting police to be made an offence
Insulting law enforcement officers should be made punishable by up to three years in jail, pro-establishment lawmakers proposed on Friday. Legislators including Priscilla Leung Mei-fun, Junius Ho Kwan-yiu and Horace Cheung Kwok-kwan had called for legal ... ( read original story ...)
Hong Kong’s top graft-busters pay rare ‘courtesy’ call to gambling hub Macau
Hong Kong’s top anti-corruption official made a rare official visit to Macau on Friday, heading a delegation which included two senior investigators. The one-day trip to the world’s most cash-rich casino destination was only the second time in five ... ( read original story ...)
Hong Kong business groups fight to keep pension offset mechanism with new proposal
The battle to scrap a controversial arrangement where bosses dip into workers’ pension funds for severance and long-service payments is set to continue on Friday, with Hong Kong’s five major business chambers proposing to keep the practice but increase ... ( read original story ...)
Hong Kong’s next leader pledges to heal rifts
HONG KONG: Hong Kong’s next leader, Carrie Lam, vowed 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 widespread co ... ( read original story ...)