Tag Archive

Hong Kong bankruptcy filings hit five-year high (Market Watch)

March 20, 2009 | BUSINESS

Bankruptcy applications in Hong Kong hit a five-year high in February, marking the highest level of petitions seen since the territory’s economy was devastated by the fallout from the Severe Acute Respiratory Syndrome (SARS) crisis. (read on…) Related items BoCom Shares Fall in Hong Kong on First Quarterly Profit Drop (Bloomberg) Hong Kong’s Bank Stocks Drop; Developers Rise...
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Hong Kong shares to drop next week (The Economic Times)

March 20, 2009 | BUSINESS

Hong Kong share prices will tumble next week as uncertainty about the state of the global economy continues to fuel market volatility. (read on…) Related items Hong Kong bankruptcy filings hit five-year high (Market Watch) BoCom Shares Fall in Hong Kong on First Quarterly Profit Drop (Bloomberg) Hong Kong’s Bank Stocks Drop; Developers Rise on Rate Outlook (Bloomberg) Hong Kong...
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A staunch advocate of globalization and trade (International Herald Tribune)

March 20, 2009 | NEWS

Victor Fung, head of the International Chamber of Commerce, has a simple message to the global leaders who will soon try to set a new path for the economy: “Please deliver.” (read the story…) Related items World stock markets fall on rising US unemployment, Hong Kong index off 2.8 pct (Minneapolis-St. Paul Star Tribune) Hong Kong market pares...
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BoCom Shares Fall in Hong Kong on First Quarterly Profit Drop (Bloomberg)

March 19, 2009 | BUSINESS

March 19 (Bloomberg) — Bank of Communications Ltd. , China’s fourth-largest lender by market value, dropped in Hong Kong after posting its first quarterly profit decline in almost three years as a slowing economy resulted in more provisions for bad loans. (read on…) Related items Hong Kong bankruptcy filings hit five-year high (Market Watch) Hong Kong’s Bank Stocks...
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Hong Kong’s Bank Stocks Drop; Developers Rise on Rate Outlook (Bloomberg)

March 19, 2009 | BUSINESS

March 19 (Bloomberg) — Hong Kong’s financial stocks fell as HSBC Holdings Plc led banks lower the day before share rights trade following the U.K.’s largest ever offering. (read on…) Related items Asian stocks mostly higher; Hong Kong up on HSBC rebound (The Malaysian Insider) China’s Rally Doomed by PetroChina’s Hong Kong Gap (Update2) (Bloomberg) Hong Kong’s Hang Seng...
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Hong Kong Stocks Advance, Reversing Declines; Developers Rise (Bloomberg)

March 19, 2009 | BUSINESS

March 19 (Bloomberg) — Hong Kong stocks rose, reversing declines, after Sino Land Co. reported underlying first-half profit increased, and on speculation real estate demand can be sustained after the city kept its base rate unchanged. (read on…) Related items Hong Kong Stocks Decline, Led by Property Shares; Hopson Slumps (Bloomberg) Hong Kong’s Bank Stocks Drop; Developers Rise...
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Hong Kong Keeps Base Rate at 0.5%, Tracking Fed Move (Update1) (Bloomberg)

March 19, 2009 | BUSINESS

March 19 (Bloomberg) — The Hong Kong Monetary Authority kept its base rate at 0.5 percent after the U.S. Federal Reserve stayed put in its latest policy meeting, HKMA Chief Executive Joseph Yam told reporters in Hong Kong today. (read on…) Related items Hong Kong bankruptcy filings hit five-year high (Market Watch) Hong Kong shares to drop next...
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Hong Kong market pares initial gains; trading lower on profit taking (Nasdaq)

March 19, 2009 | NEWS

(RTTNews) – The stock market in Hong Kong opened higher on Thursday taking cues from Wall Street, where the markets ended in positive territory on news that the Federal Reserve is planning to pump in more than $1 trillion for buying treasury notes and mortgage related assets in an effort to revive the economy. (read...
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Disney puts Hong Kong expansion on hold (Reuters via Yahoo! News)

March 17, 2009 | BUSINESS

Walt Disney Co. has put the long-delayed expansion of its Hong Kong theme park on hold after failing to agree with the city’s government on a cash infusion, the company said on Tuesday. (read on…) Related items Hong Kong says economy to shrink 2-3 pct in 2009 (AFP via Yahoo! News) Cathay Pacific Hong Kong to Heathrow: Flight...
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Disney puts Hong Kong Disneyland expansion on hold (International Herald Tribune)

March 17, 2009 | BUSINESS

Walt Disney Co. said it has put the long-delayed expansion of its Hong Kong theme park on hold after failing to agree with the city’s government on a cash infusion. (read on…) Related items Asia stock markets rise amid cautious optimism about banks, economy; Europe opens higher (Minneapolis-St. Paul Star Tribune) Asian stocks mostly higher; Hong Kong up...
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