HONG KONG (CNNMoney) - Uber's latest embarrassing crisis involves renting out fire-prone cars to its drivers in Singapore. The ride-hailing startup has admitted it provided the faulty vehicles even though they had been recalled months earlier over a defect ... ( read original story ...)
Hong Kong’s online shoppers reminded to be vigilant as police admit they cannot help growing numbers of scam victims
Police said the new upward trend was driven primarily by the increasing popularity of online shopping in Hong Kong, rather than consumers becoming more gullible, but they said scammers are generally becoming more sophisticated. Investigators have said ... ( read original story ...)
Cathay Pacific overseas operations to be affected by ‘review’ of workforce
The review will affect 7,600 staff outside Hong Kong in more than 100 places ... a measure it said it would deploy again “from time to time”. Ellis Taylor, Asia finance editor at aviation news portal FlightGlobal, said of the cost-saving measures ... ( read original story ...)
From opium wars to HSBC, writer Maurice Collis brought Asia to vivid life
Collis also produced Wayfoong (1965), commissioned as a centenary history for the Hong Kong and Shanghai Banking Corporation, which engagingly details the bank’s establishment and first 100 years of operations. At the time, popular authors such as ... ( read original story ...)
Exclusive: China regulators plan to crack down further on overseas deals
HONG KONG (Reuters) - China plans to further tighten the screws ... On top of tightened scrutiny of deal terms, the country's foreign exchange and banking regulators are also looking to step up their monitoring of loans made by the overseas branches ... ( read original story ...)
CommBank ATM scandal syndicate linked to the biggest ice haul in WA history
One of the money laundering syndicates linked with the Commonwealth Bank compliance scandal worked with drug smugglers who imported methamphetamine worth $315 million, the largest ice seizure in West Australian history. The Hong Kong-linked syndicate used ... ( read original story ...)
Another strong month of hiring sends stock indexes higher
Bank of America climbed 60 cents ... the Nikkei 225 index in Japan fell 0.4 percent while South Korea's Kospi added 0.4 percent. The Hang Seng in Hong Kong edged up 0.1 percent. ( read original story ...)
CBA heads to court over money laundering allegations
AUSTRAC alleges in this case that by April 2015 the bank had identified "repeated, suspicious and connected" patterns of deposits but still permitted the transfer of money to accounts in Hong Kong. Anti-money laundering laws in Australia require the ... ( read original story ...)
Asia stocks edge higher, dollar languishes on U.S. politics, mixed data
China's blue-chip CSI 300 lost 0.3 percent, while Hong Kong's Hang Seng gained 0.1 percent ... and held near that level on Friday, after the Bank of England's policymakers kept interest rates at a record-low 0.25 percent. "The unsavory combination of ... ( read original story ...)
What every Canadian investor needs to know today
Royal Bank of Scotland shares were about 2 per cent higher on after ... The Shanghai composite index was down 0.35 per cent and Hong Kong's Hang Seng edged up 0.12 per cent. Oil prices were lower early Friday as concerns about rising output continued ... ( read original story ...)
U.S. dollar is broken, so Canadian dollar may win ‘just by default’
To be sure, there’s far more than a weak U.S. dollar driving the Canadian currency, including a strong economy and a shift by the Bank of Canada ... and the Shanghai composite 0.3 per cent, while Hong Kong’s Hang Seng gained 0.1 per cent. ( read original story ...)
Review: Thai Airways Business Class, Boeing 747 Hong Kong to Bangkok
I have such a love-hate relationship with Thai Airways Business Class. On one hand, Thai provides a fantastic ground experience in Bangkok with complimentary massages, spa services and tranquil spaces to rest and relax before your flight. But on the other ... ( read original story ...)
Stella McCartney’s eco-friendly fashion is fuelled by her innovative and tenacious spirit
McCartney managed to pack our interview, a VIP cocktail and a dinner into her less than 12-hour transit in Hong Kong. McCartney showed up for our ... According to a report by McKinsey & Company, the fashion industry produces 100 billion items a year ... ( read original story ...)
Chinese Wealth Manager Plans Branches in Australia and Canada
“When I joined Noah three years ago, I thought clients in second- and third-tier cities had no demand for overseas investment,” said Lam, who had worked for 15 years at McKinsey & Co ... first overseas branch in Hong Kong in 2012 and set up the ... ( read original story ...)