The win streak has hit three sessions for the Hong Kong stock ... European Central Bank's highly anticipated monetary policy announcement. The European and U.S. markets were up and the Asian markets figure to follow suit. The Hang Seng finished modestly ... ( read original story ...)
What to watch for from Bank of Canada's Poloz today with the economy at a crossroads
and Hong Kong’s Hang Seng 0.6 per cent. In Europe, London’s FTSE 100, Germany’s DAX and the Paris CAC 40 were up by between 0.9 and 1.5 per cent by about 8 a.m. ET, buoyed by reports of a pending rescue plan for an ailing Italian bank. New York ... ( read original story ...)
China H-Shares Climb to Two-Month High as Autos, Financials Rise
Chinese stocks traded in Hong Kong rose to a two-month high, riding a global rally on optimism Europe’s central bank will prolong its stimulus program. The Hang Seng China Enterprises Index climbed 0.7 percent to 9,896.82, its highest close since Oct. 7. ( read original story ...)
Hong Kong shares end down, casinos slump
HONG KONG - Hong Kong stocks ended lower on Friday after a three ... cash mainland Chinese gamblers could withdraw from ATMs in the gaming city of Macau. The Hang Seng Index fell 0.44 percent, or 100.86 points, to 22,760.98. The benchmark Shanghai ... ( read original story ...)
Leung Chun-ying, Hong Kong's top executive, won't serve another term
Hong Kong's divisive Beijing-backed leader, Chief Executive Leung Chun-ying, said Friday he won't run again for the job after his current term ends next year, citing unspecified family reasons. In a surprise announcement, Leung, who was chosen by a panel ... ( read original story ...)
Hong Kong leader CY Leung not to seek re-election
Hong Kong chief executive CY Leung has said he will not seek re-election in March, citing family reasons for the surprise announcement. Speaking at a news conference, Mr Leung said: "If I run my family will suffer an intolerable stress." Mr Leung has often ... ( read original story ...)
Hong Kong's growing garbage epidemic
Plastic and junk are piling up on Hong Kong's beaches as the city earns the unwelcome label of being one of the biggest litter creators in the world. As Tara Joseph reports, the government has been slow to respond. Reuters is the news and media division of ... ( read original story ...)
Fishy business? Hong Kong supermarkets found to be selling mislabelled frozen seafood
Major supermarkets in Hong Kong were found selling mislabelled seafood products and in one case possibly overcharging customers as the wrong species of fish was identified, according to a global conservation body. The WWF published results of a local ... ( read original story ...)
Eclusive: Edmond de Rothschild to close Hong Kong operations – sources
HONG KONG (Reuters) - Swiss private bank Edmond de Rothschild is ... In particular, western banks, battered after the global financial crisis, have faced growing competition from emerging Asian institutions, which have grown their balance sheets and ... ( read original story ...)
Private bank Edmond De Rothschild to close Hong Kong operations
HONG KONG (Reuters) - Swiss private bank Edmond de Rothschild (RLD.S) is closing its Hong Kong operations, the bank said in a statement on Thursday, confirming a Reuters report. The Geneva-based bank and money manager, which had assets of 167 billion Swiss ... ( read original story ...)
London ETO promotes Hong Kong financial services in London
Hong Kong (HKSAR) - The Hong Kong Economic and Trade Office, London (London ETO), promoted Hong Kong's financial services in the United Kingdom (UK) by hosting a reception for the London-Hong Kong Financial Services Forum 2016 on December 6 (London time). ( read original story ...)
With Fintech Rising, Hong Kong-Singapore Rivalry Gets New Twist
(Bloomberg) -- Tax benefits, government help and easy access to regional markets led Joe Seunghyun Cho to choose Singapore as the headquarters for his six financial technology companies, rather than base them in the rival hub of Hong Kong or his native ... ( read original story ...)
HK regulator probes brokers over breach of money-laundering controls
HONG KONG Dec 8 Hong Kong's securities regulator is investigating brokers in the Asian financial hub for suspected breaches of measures to rein in money-laundering, and may levy "tough" sanctions if any are confirmed, it said on Thursday. The Securities ... ( read original story ...)
Hong Kong leadership race unlikely to be ‘gentlemen’s fight’, Rita Fan says amid rift at top of government
The apparent dispute between Chief Executive Leung Chun-ying and finance chief John Tsang Chun-wah over how to handle lawmakers facing disqualification proceedings has affected the government’s image, a pro-establishment heavyweight said on Wednesday. ( read original story ...)