HONG KONG -- According to a legend passed around among Hong Kong's laborers, the city is protected by an invisible force field that keeps tropical storms from coming ashore during the workday. The source of this supernatural power, they say, is business ... ( read original story ...)
Oil majors, mainland banks lift Hang Seng
Stocks in Hong Kong rallied at mid day today, backed by oil shares as well as mainland banks. The benchmark Hang Seng Index spiked by 1.28 percent ... added 2.93 percent. Mainland bank shares gained broadly, with China Construction Bank (0939) up by ... ( read original story ...)
Genetics testing startup Prenetics buys UK’s DNAFit to move into consumer services
Prenetics, a Hong Kong-based startup that offers genetic testing services for patients, is expanding outside of Asia and into the consumer space after it acquired London-based company DNAFit. The deal — which a source told TechCrunch is worth $10 million ... ( read original story ...)
Hong Kong man strangled ex-girlfriend in anger over her new lover, court hears in ‘wardrobe corpse’ trial
A Hong Kong man strangled his ex-girlfriend, a Dragonair flight stewardess, during a rage-fuelled attack and hid her body in a wardrobe after he learned that she had found a new lover, a court heard on Thursday. The High Court was told that Oscar Mok Chun ... ( read original story ...)
Hong Kong central bank confident in currency peg even as interbank rate jumps
HONG KONG (Reuters) - Hong Kong’s central bank said on Thursday it has confidence in the financial hub’s more than three-decade old peg to the U.S. dollar, even as it continued to intervene to prop up the currency and as interbank rates jumped to a 10 ... ( read original story ...)
Hong Kong Monetary Authority bought HK$51 billion during 13 interventions to stabilise currency against greenback
The Hong Kong Monetary Authority, the city’s de facto central bank, has since Thursday bought HK$51 billion of its own currency by selling US$6.54 billion worth of US dollars to defend the Hong Kong dollar, a move that its deputy chief executive said was ... ( read original story ...)
Hong Kong Rates Reach 2008 High After $6.5 Billion Intervention
"The pace of intervention has been faster than what we’ve expected and the aggregate balance would drop to zero in two weeks if this continues," said Ngan Kim Man, deputy head of treasury at China Everbright Bank Co.’s Hong Kong branch. "Traders are ... ( read original story ...)
Hong Kong HR talent search targets B.C.
That’s the case for Hong Kong. The Chinese special administrative region recently made its pitch in the Lower Mainland, touting its newly upgraded admissions scheme for second-generation Canadians with Hong Kong roots to try to deepen the two cities ... ( read original story ...)
Hong Kong genes testing start-up Prenetics buys UK peer DNAFit to broaden consumer reach
Gene testing company Prenetics has acquired UK-based DNAFit to expand its global footprint and extend its reach in the consumer market. Prenetics, which partners with insurers to provide genetic profiling to help people tailor their diets, do family ... ( read original story ...)
Bezos-Backed Cancer Startup Wants to Raise $1 Billion
Grail Inc., the cancer-detection startup backed by the world’s two richest men, is seeking to raise about $1 billion to boost growth ahead of its planned initial public offering in Hong Kong, according to people familiar with the matter. Charlotte Arnold ... ( read original story ...)
InfraRed NF Buys HK Storage Startup for $50M as Niche Sector Heats Up
By acquiring ALL IN’s corporate customers, we are able to expand our scale to enhance efficiency.” The Hong Kong startup entered the Taiwan market in 2016 a year after its launch a year earlier. The Taiwan unit of Boxful now operates in four northern ... ( read original story ...)
HONG KONG: Purton treble seals a big milestone, takes out the Valley feature
The 2.3 favourite will go down in the records as Purton’s 800th Hong Kong win. “I’m happy with that – it’s a nice number to get to. Now everyone can start talking about something else!” Purton quipped after becoming only the fourth rider in ... ( read original story ...)
Co-working space startup naked hub names new PR partner in Hong Kong
naked Hub has appointed Golin Hong Kong as its 2018 communications partner. The agency will support the business across corporate and consumer media relations and community events, as well as developing partnerships for both naked Hub@Bonham Strand and ... ( read original story ...)
Meet the Startup That’s Satisfying Social Media’s Thirst for Beautiful Photos
Loong is the founder of WanderSnap, a Hong Kong-based venture she launched in 2016 to connect ... which she says set apart her venture as something new and fresh from the start. “We’re different from other platforms in this space, which are typically ... ( read original story ...)