Category: FINANCE

Finance Minister Ravi Karunanayake last week told an Investor Forum in Hongkong that Sri Lanka will reach middle income status in the "near future" and called on investors to exploit opportunities in diverse areas. At an event organized by the influential ... ( read original story ...)

The taxman is investigating the boss of HSBC. Stuart Gulliver says Hong Kong is his main home – allowing him offshore tax relief in return for up to a £90,000 fee. However the £8million-a-year banker has been living in London ever since his return from ... ( read original story ...)

Western Australia's largest gas retailer Alinta Energy has been sold to a Hong Kong-based company after abruptly abandoning plans to float on the share market. Chow Tai Fook Enterprises Limited (CTFE) — owned by the Cheng family — paid an undisclosed ... ( read original story ...)

HONG KONG HSBC Holdings Plc (0005.HK) (HSBA.L) said on Thursday it would maintain its best lending rate at 5 percent in Hong Kong, even after the central bank raised its benchmark interest rate by a quarter point for the second time in three months. ( read original story ...)

HONG KONG, March 16 HSBC Holdings Plc said on Thursday it would maintain its best lending rate at 5 percent in Hong Kong, even after the central bank raised its benchmark interest rate by a quarter point for the second time in three months. The Hong Kong ... ( read original story ...)

HONG KONG: Hong Kong's central bank raised its benchmark interest rate by a quarter point for the second time in three months on Thursday, following a similar move by the U.S. Federal Reserve and said capital outflows will not pose challenges for the economy. ( read original story ...)

The Hang Seng index ended up 2.1 percent at 24,288.28 points ... as widely expected. The move was matched by Hong Kong's central bank, as the city's currency is pegged to the U.S. dollar, but some commercial banks kept their best lending rates unchanged. ( read original story ...)

The Hong Kong Monetary Authority, the city’s de facto central bank, said this morning that it would raise the base rate by 25 basis points to 1.25 per cent, the second rate increase in three months, following the US Federal Reserve’s overnight move. ( read original story ...)

HONG KONG, March 16 Hong Kong financial and property shares climbed on Thursday after the central bank raised the base rate charged through its overnight discount window by 25 basis points to 1.25 percent, tracking a hike by the U.S. Federal Reserve. ( read original story ...)

HONG KONG (Reuters) - The Hong Kong Monetary Authority on Thursday raised the base rate charged through its overnight discount window by 25 basis points to 1.25 percent. The move from Hong Kong's de facto central bank followed the U.S. Federal Reserve's ... ( read original story ...)

Hong Kong's troubled flagship airline Cathay Pacific on Wednesday posted its first annual loss since the height of the financial crisis as it was hit by "intense competition" and a drop in demand from business travellers. The firm is struggling despite an ... ( read original story ...)

The company said "intense and increasing competition with other airlines was the most important factor" affecting its financial results. It also was buffeted by economic factors including China's slowdown, fewer tourists visiting Hong Kong and a stronger ... ( read original story ...)

Hong Kong Airlines announced the appointment of Luo Jiaqi, Jacky as Chief Financial Officer (CFO). Luo is responsible for the company’s overall financial management, capital planning and allocation. Luo has an experience of almost 20 years in the ... ( read original story ...)

HONG KONG, March 16 The Hong Kong Monetary Authority on Thursday raised the base rate charged through its overnight discount window by 25 basis points to 1.25 percent. The move from Hong Kong's de facto central bank followed the U.S. Federal Reserve's ... ( read original story ...)