Tag: business

Hong Kong’s middle class has been economically transformed from the “sandwich class” into the “coffin class.” Those looking for property salvation through a big crash, due to a rise in interest rates, can kiss their impossible dream goodbye. ( read original story ...)

Hong Kong has once again been named in global investigations into breaches of anti-money laundering rules at an international bank. Australia’s financial watchdog, Austrac has filed a case against Commonwealth Bank of Australia (CBA) – one of the ... ( read original story ...)

Hong Kong cobbler Wong Yun-keung has been repairing shoes in the ... before eventually setting up his own business and employing his own staff. With a stall close to Landmark luxury shopping mall, home to over a hundred designer brands, he often handles ... ( read original story ...)

Govt revises up full-year GDP to 3-4 pct from 2-3 pct * HK private consumption expenditure expands 5.3 pct y/y By Anne Marie Roantree and Donny Kwok HONG KONG, Aug 11 (Reuters) - Hong Kong raised its growth outlook for 2017 after a surprisingly strong ... ( read original story ...)

HONG KONG, Aug. 11, 2017 /CNW/ -- Geoswift, Western Union Business Solutions (a subsidiary of The Western Union Company) and UnionPay International have announced the latest joint tuition payment promotion available to Chinese students studying in the ... ( read original story ...)

HONG KONG: Hong Kong shares fell 2 percent on Friday, dragged down by a sell-off in internet-related shares and fears over the impact of rising tensions between the United States and North Korea. The Hang Seng index fell 2.0 percent, to 26,883.51 ... ( read original story ...)

HONG KONG: Stocks in Hong Kong headed for their biggest weekly slide of 2017 and volatility surged as U.S. President Donald Trump stepped up pressure on North Korea. The Hang Seng Index fell for a third straight day for the first time since June and was in ... ( read original story ...)

Hong Kong stocks fell as the market opened on Friday after an escalation in tensions between the US and North Korea caused a slump on Wall Street overnight. The Hang Seng Index shed 1.3 per cent, or 351 points, to 27,092.4 as trading got under way ... ( read original story ...)

Howard Lam at the Hong Kong press conference in a Barcelona shirt. News01/Facebook Howard Lam, a member of Hong Kong’s Democratic Party, says he was abducted by two Chinese agents while on a shopping trip in Hong Kong. He had on him a signed photo of ... ( read original story ...)

HONG KONG, CHINA - Media OutReach - Aug 11, 2017 - The Hong Kong Pulse Light Show, organized by the Hong Kong Tourism Board (HKTB), is back on stage this summer, after attracting over 2.3 million spectators over the years! Running from 11 August to 2 ... ( read original story ...)

Hong Kong may reopen some of its 13 beaches—closed since last Sunday—following a palm oil spill, after authorities collected more than 150 tonnes of acrid-smelling clumps in one of the Chinese territory's worst environmental disasters. The spill ... ( read original story ...)

Two Hong Kong-listed international insurers – Manulife and Prudential ... credited the growth to Asia where profit from new life insurance business rose 18 per cent to £1.092 billion in the first half. Its asset management arm, Eastspring, reported ... ( read original story ...)

One of the world’s most reliable currency bets is suddenly looking like less of a sure thing. The Hong Kong dollar carry trade, which has produced steady returns for seven straight months, suffered a rare setback on Wednesday as the currency abruptly ... ( read original story ...)

Even as more companies relocate their offices away from Hong Kong’s central business district to escape high costs, rents in Central have climbed back up to their 2008 peak levels driven by sustained demand from mainland Chinese corporates and a tight ... ( read original story ...)