Australian IoT network operator Thinxtra has broadened its partnership with Sigfox, and will roll out an IoT network in Hong Kong SAR (Special Administrative Region) in 2017. This agreement follows in the footsteps of a successful partnership in Australia ... ( read original story ...)
Hong Kong and China stocks thumped lower in early going
Hong Kong and mainland Chinese stocks kicked off the final full trading week of the year on a weaker note Monday following a slight retreat for US stocks on Friday. The Hang Seng Index was down 0.7 per cent or 154.14 points to 21,866.61 in early trading ... ( read original story ...)
Seven policy proposals for Hong Kong’s next chief executive
Early in 2012, when it was still unclear whether it would be CY Leung or Henry Tang who would get anointed as the Hong Kong government’s next chief executive, the South China Morning Post offered seven policy proposals for the new guy’s first day in ... ( read original story ...)
Beating inflation? HK people are well-versed
Soaring inflation - the bane of many developed economies, including Hong Kong, in the eighties and early nineties - was licked by globalization. The flood of inexpensive imports involving a vast variety of merchandise from emerging markets has helped ... ( read original story ...)
Chinese buying insurance in HK may face further curbs
SHANGHAI: Chinese residents buying insurance in Hong Kong will no longer be able to swipe their credit cards multiple times to get around previously imposed curbs intended to slow sales, according to people with knowledge of the matter. Purchases of ... ( read original story ...)
Hong Kong’s Leader, Loyal to a Fault
Hong Kong — In the quiet of a recent Friday afternoon ... One of Mr. Leung’s daughters has long been afflicted with mental-health issues. Within minutes, the news had inundated local media, and the political opposition — which won nearly 55 percent ... ( read original story ...)
Morgan Stanley caps off HK$3.2m in donations raised with Christmas song contest
In celebrating this milestone, the bank organised its annual Morgan Stanley Directors’ Choir – an internal choir competition and company tradition that is into its 14th year. Hang Seng Bank volunteers bring Christmas stories to life The choral event ... ( read original story ...)
Hong Kong stocks close 0.04 pct higher
The benchmark Hang Seng Index traded between 22,456.62 and 22,627.60. Turnover totaled 61.60 billion HK dollars (about USD 7.94 billion). (c) 2016 Philippines News Agency Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North ... ( read original story ...)
Hong Kong Property Shares Turn Toxic as Mortgage Costs Spike (1)
The International Monetary Fund warned this month that a faster pace of interest-rate increases in the U.S. could threaten Hong Kong’s economy due to stretched property valuations and high household debt with floating-rate mortgages. The Hang Seng ... ( read original story ...)
May day may see trouble in rates
The US Federal Reserve did not surprise at all in raising rates by a quarter point.With the Hong Kong dollar remaining strong, local rates stayed put, so the Hang Seng Index fell below 22,000.But the drop does not mean rates are not linked to stocks in the ... ( read original story ...)
Sensex, Nifty trading higher as IT stocks rise on strong dollar post Fed rate hike
Hong Kong's Hang Seng fell 1.7 percent to 22,074.16 and Australia's S&P ASX 200 dropped 1.1 percent to 5,5,26. 30. South Korea's Kospi lost 0.4 percent to 2,030.80 and the Shanghai Composite index fell 0.3 percent to 3,131.67. US markets Stocks had their ... ( read original story ...)
Weak tech, bank stocks pull indexes back from record highs
Bank of America fell 50 cents ... In foreign stock markets, Japan’s Nikkei 225 gained 0.7 percent, South Korea’s Kospi rose 0.3 percent and Hong Kong’s Hang Seng fell 0.2 percent. In Europe, Germany’s DAX rose 0.3 percent, France’s CAC 40 ... ( read original story ...)
Dow ends flat, 157 points short of 20,000
The Fed’s move now shifts the focus from central bank policy to economic growth as the driver ... South Korea’s Kospi added 0.3% and Hong Kong’s Hang Seng gave up the day’s gains in the final hour to close 0.2% lower. the Shanghai Composite Index ... ( read original story ...)
Asian shares muted, dollar climbs as rate outlook sinks in
South Korea’s Kospi added 0.3 percent to 2,042.71 and Hong Kong’s Hang Seng edged up 0.2 percent to 22,108.20 ... The Fed’s move now shifts focus from central bank policy to economic growth as the driver of stock market performance. ( read original story ...)