NEW DELHI (Reuters) - India has asked authorities in Hong Kong to arrest jeweler Nirav Modi, one of the main suspects in a $2-billion fraud at state-run Punjab National Bank (PNBK.NS), the government said, suggesting it believes the fugitive is in the ... ( read original story ...)
Hong Kong fund says Toshiba chip unit worth more than $30 billion
TOKYO (Reuters) - A Hong Kong-based activist investment fund opposed to Toshiba Corp’s (6502.T) sale of its chip unit to a Bain Capital-led group said the deal should be renegotiated at a valuation of 3.3 trillion yen to 4.4 trillion yen ($30 billion-$41 ... ( read original story ...)
US company duped into sending US$3 million to Hong Kong account
An email scammer duped an American company into transferring US$3 million (HK$23.5 million) to a Hong Kong bank account last month, police sources revealed on Thursday, as the amount of money in cases handled by the force’s anti-fraud team surged to ... ( read original story ...)
16 Singapore banking jobs that pay $10k a month after just three years
These are the Singapore banking jobs where that’s possible. https://news.efinancialcareers.com/sg-en/278229/beware-sg-hk-banking-recruiters/ You’re an intern or analyst in Singapore wondering which banking roles will land you a salary large enough to ... ( read original story ...)
PNB bank fraud: India has requested Hong Kong for Nirav Modi’s arrest, says MEA
India has submitted a request to Hong Kong authorities for provisional arrest of Nirav Modi, wanted in connection with the Punjab National Bank (PNB) fraud, the Ministry of External Affairs said on Thursday. “The ministry has sought the provisional ... ( read original story ...)
Hong Kong’s most expensive office The Center to lose first big tenant as Goldman Sachs set to move out
Hong Kong’s most expensive office building may be becoming too expensive for one of its top tenants. Global investment bank Goldman Sachs is set to move out of The Center, a 73-storey tower in the city’s Central district that sold for a record HK$40.2 ... ( read original story ...)
Nirav Modi in Hong Kong? Govt sends request for provisional arrest
Modi and Choksi had fled the country after the alleged bank fraud came to light. NEW DELHI: The Ministry of External Affairs has submitted a request to Hong Kong authorities for provisional arrest of Nirav Modi, wanted in connection with PNB loan fraud ... ( read original story ...)
Can a young lawmaker’s success spur renewal in Hong Kong’s pro-establishment ranks?
When 38-year-old Vincent Cheng Wing-shun won the Kowloon West seat last month in Hong Kong’s Legislative Council by-election, the pro-establishment camp rejoiced. It was the first time since the city’s return to Chinese rule in 1997 that they had swept ... ( read original story ...)
Why ‘relaxing’ Beijing meetings are a thing of the past for Hong Kong delegates
Hong Kong’s 200 or so advisers to Beijing now have to prove their worth through annual reports of work accomplished, in line with a recent reminder to them that China’s annual “two sessions” of the national legislature and top political advisory ... ( read original story ...)
Hong Kong stocks erase early gains as tech shares slide
Hong Kong’s Hang Seng Index had erased early gains and fallen below the ... uncertainty is still weighing on sentiment. Bank of China slipped 0.2 per cent to HK$4.21. The lender was set to announce full-year results for 2017 later in the day. ( read original story ...)
Hong Kong investors seek shelter in consumer stocks amid trade war fears
Hong Kong stocks reversed early losses to end higher on Tuesday ... defensive sectors amid fears about an escalating trade war between the US and China. The Hang Seng Index dropped as much as 1.1 per cent in morning trade, after the US stocks tanked ... ( read original story ...)
UPDATE 1-Hong Kong Feb retail sales growth strongest in 8 years
PwC expects 4-6 percent growth in the city’s retail sales this year. Hang Seng Bank estimates 4 percent. The Hong Kong Retail Management Association, which forecast 3-4 percent growth in retail sales this year, said luxury goods, cosmetic and home ... ( read original story ...)
18+ Central adult-only carnival organisers hoping sex sells Hong Kong to Sevens fans
It is no coincidence Hong Kong’s first adult-only carnival falls on the same weekend as the tourist-laden Hong Kong Sevens, its organisers said on Wednesday. 18+ Central, which features erotic BDSM workshops, pole dancing competitions and Japanese AV ... ( read original story ...)
Hong Kong eye Asian Games: Natasha Olson-Thorne inspires victory over Kazakhstan but World Series out of reach
The good news is that Hong Kong got better the longer Women’s Sevens World Series Qualifier played out on Thursday. The bad news is that it all came too late to see them play their way through to the second day of the tournament. Hong Kong were overrun ... ( read original story ...)