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 ...)
Hong Kong Losing Sheen Makes Cathay Business Model Obsolete
Being known as Hong Kong’s flagship carrier may best represent what’s wrong with Cathay Pacific Airways Ltd. The city of about 7.3 million people may no longer be capable of supporting a premium-service airline, especially when the 48 passenger-service ... ( read original story ...)
Hong Kong hit with second base interest rate rise in three months after US Fed decision
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 finance, property shares jump after cbank rate increase
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 c.bank raises interest rates after Fed move; shares watched
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 Cathay Pacific suffers first loss in 8 years
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 ...)
Cathay Pacific Airways posts first annual loss since 2008
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 appoints new Chief Financial Officer
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's central bank raises base rate by 25 basis points
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 ...)
Hong Kong airport places fifth again in annual world rankings as Singapore scores four years at the top
Hong Kong International Airport has retained its position in fifth place in the annual Skytrax rankings of the best terminals, while Singapore tops the list for the fourth year in a row. Hong Kong won top honours in the Skytrax World Airport Awards for ... ( read original story ...)
Hong Kong Losing Sheen Renders Cathay Business Model Obsolete
(Bloomberg) -- Being known as Hong Kong’s flagship carrier may best represent what’s wrong with Cathay Pacific Airways Ltd. The city of about 7.3 million people may no longer be capable of supporting a premium-service airline, especially when the 48 ... ( read original story ...)
Arrow Electronics Boosts Collaboration between Hong Kong Startups and Mainland …
HONG KONG, CHINA--(Marketwired - Mar 15, 2017) - Arrow Electronics, Inc., (NYSE: ARW) today held an Internet of Things (IoT) Innovations event in Shenzhen, China to connect Hong Kong innovation startups with technology companies in China. As part of Arrow ... ( read original story ...)
Most-hated stocks are HK’s biggest winners
HONG KONG: When it comes to this year’s surge in Hong Kong stocks, it paid to root for the underdog. Equities with the lowest ratings from analysts have driven the market’s Asia-leading gains in 2017, streaking ahead of shares showered with buy ... ( read original story ...)
Hong Kong Regulator Fines Bocom Unit for IPO Sponsorship Lapses
Hong Kong’s securities regulator fined Bank of Communications Co.’s investment-banking unit HK$15 million ($1.9 million) for failings related to its work of a Chinese company’s initial public offering in late 2014. As sole sponsor of the listing ... ( read original story ...)