Hong Kong’s private sector rebounded to record a slight growth in September, according to a key economic indicator, although businesses retained a pessimistic outlook for the year ahead. Analysts expect the city to be on track for an economic growth of 3 ... ( read original story ...)
How McKinsey and Trillian milked billions from SA Inc
McKinsey would not confirm Essa and Moodley had brokered its ... who by then had also registered a company in Hong Kong called Regiments Asia. Once again, Nyhonyha and Pillay said before being alerted by the media they had no idea that Regiments had ... ( read original story ...)
John Kerry named Chairman of Bank of America Global Advisory Council
Frederick Ma (Hong Kong), Chairman of MTR Corporation Limited ... Advisory Board Member of Rolls Royce, Akbank, Allianz SE, McKinsey & Co., Trustee of King Abdullah University of Science and Technology (KAUST) and Chairman of Asia Business Council. ( read original story ...)
Yum China Announces CEO Succession Plan
Before joining Watson, Ms. Wat spent seven years in management consulting, including with McKinsey & Company's Hong Kong office from 2000 to 2003. Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of ... ( read original story ...)
Going Mobile: The Personalized, On-Demand Future of Urban Transportation
Hong Kong’s metro system is often benchmarked for scale ... Restrepo, “Urban World: Mapping the Economic Power of Cities,” March 2011, www.mckinsey.com. 4.M. Bloomberg, “Keynote Speech” (UN Economic and Social Council 2014 Integration Segment ... ( read original story ...)
Higher Open Called For Hong Kong Stock Market
gained 0.17 percent and BOC Hong Kong was unchanged. The lead from Wall Street is positive as stocks moved higher on Thursday as the major averages again hit fresh record closing highs. The Dow rose 113.75 points or 0.50 percent to 22,775.39, while the ... ( read original story ...)
Hong Kong’s CLP Seeks Acquisitions to Diversify, Expand in India
Hong Kong’s largest power utility CLP Holdings Ltd. is scouting ... The company is also planning to enter the electricity transmission business. Last month, it bid for a 200 kilometer (124 mile) power-transmission project connecting the northern and ... ( read original story ...)
Hong Kong stocks rise to near 10-yr high; financials up, but Macau casinos stumble
HONG KONG, Oct 6 (Reuters) - Hong Kong stocks extended gains to edge closer to 10-year highs on Friday, underpinned by Chinese automakers and financials though early strength was pared off by the afternoon. Taking its cue from Wall Street, the blue chip ... ( read original story ...)
Hang Seng, Nikkei reach multi-year highs as Asian stocks rise
Meanwhile, Japan’s Topix bank subindex was up 1.3%. The U.S. rate outlook is important for Asian financial companies as their margins have been under pressure in the current low-rate environment. Meanwhile, Hong Kong’s Hang Seng Index HSI, +0.39% ... ( read original story ...)
City’s financial press fails to deliver the expected value
When the market is good, every media boss in Hong Kong is thinking of expanding financial coverage. It's really the cheapest and least demanding thing to do for a television station or a newspaper. And so, every morning, most of the television channels ... ( read original story ...)
Pro-Beijing lawmakers move to end filibustering in Legco’s Finance Committee
The days of using long-winded debates to block Hong Kong government funding requests could soon be over as the Legislative Council’s pro-establishment camp is close to finalising a plan to restrict filibustering in its finance committee. The delaying ... ( read original story ...)
Hong Kong’s Hang Seng index hits post-financial crisis high
Hong Kong’s Hang Seng index hit its highest point since the global financial crisis on Friday, bolstered by a continued rally in Chinese corporates. From November 2007 to late 2008 the market lost about two-thirds of its value. Since bottoming out in ... ( read original story ...)
Hong Kong football fans boo China national anthem
A group of Hong Kong football fans have booed their national anthem - which the territory shares with mainland China - during a friendly match with Laos. Fans jeered and raised their middle fingers as the anthem played ahead of the game, which Hong Kong ... ( read original story ...)
Small businesses and start-ups in Hong Kong need more than tax breaks to thrive, owners say
Arnault Castel, who owns a small business in Hong Kong, already has plans for the money he will save from a tax cut that the city’s leader is expected to announce next week. Castel owns seven lifestyle stores in the city under the Kapok brand ... ( read original story ...)