Hong Kong’s crowded currency trade enters perilous territory

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 ...)

Palm oil blobs cover Hong Kong beaches after sea crash

HONG KONG — Cleanup efforts are under way in Hong Kong after white blobs of congealed palm oil washed up on the city's shores following a collision between two ships. Authorities have closed more than a dozen beaches, including two on Tuesday ... ( read original story ...)

Banks set for brighter second half

China has 37 banks listed in Shanghai, Shenzhen and Hong Kong. They will start to release financial results ... an analyst with Bank of Qingdao. A recent report by McKinsey & Company said the retail banking sector in China needs to improve efficiency ... ( read original story ...)

Hong Kong banks hoard capital as they await new Basel rules

Banks in Hong Kong, and indeed the world, are still waiting for new global rules to be finalised, and as a result, hoarding cash rather than returning it to investors, or making use of it in more profitable ways. Last week, Standard Chartered’s board ... ( read original story ...)

Hong Kong ‘smart’ ring aims to help the visually impaired

The ring, designed by Hong Kong-based start-up Origami Labs, was inspired by Peter Wong, the visually impaired father of the firm’s co-founder Kevin Wong. “As a visual-impaired person, I rely on the software on the smartphone to read the icons ... ( read original story ...)

Rover Parking tops Infiniti LAB Toronto Demo Day

From left: Grant Brigden and Tim Wootton of Rover Parking were the winners of the recent Infiniti LAB startup competition in Toronto ... and the impact we believe they can have as part of the Hong Kong program,” said Dane Fisher, General Manager of ... ( read original story ...)