Posts Tagged ‘ money ’

MF Global Hong Kong to return HK$500 million of client money

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SINGAPORE (Reuters) – The provisional liquidators of MF Global’s Hong Kong business said on Wednesday they have won court approval to return HK$500 million ($64.25 million)of client money, around 40 percent of the total that was held by the brokerage. The payment is an interim one, with liquidators optimistic that customers of MF Global...

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Ackman Will Lose ‘Lot of Money’ on Hong Kong Currency Peg Bet, Tsang Says

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William Ackman, founder of hedge fund Pershing Square Capital Management LP, will “lose a lot of money” on his bet that Hong Kong will amend its currency peg to the dollar, city Chief Executive Donald Tsang said. (read the rest of the story…) Related items Ackman Bets Hong Kong Dollar to Appreciate Bill Ackman...

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Is broadband in the Philippines good enough?

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PASIG CITY, METRO MANILA – How do Internet services here compare with those offered by telecommunications companies in other countries ? Are we really geting our money’s worth? (more…) Related items GDS International’s 2012 Next Generation Telecoms Summit to be Held in Hong Kong China Mobile first-half net profit up 6.3 percent China Telecom...

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Bangkok leads Asia Pacific in tourist spending

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Bangkok beat out Singapore and Hong Kong in visitors and all Asia-Pacific countries in money spent by tourists in the country. (read the rest of the story…) People who looked at this item also looked at… Hong Kong split over historic maids residency case Hong Kong Tightens Mortgage Lending Rules Related items 13. A...

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Birmingham’s Yeung Charged in Hong Kong With Money Laundering

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Carson Yeung, the majority investor in English soccer club Birmingham City, was charged in a Hong Kong court today with money laundering. (read the news…) Related items Birmingham City owner Yeung charged in Hong Kong court Hong Kong Homes Face 25% Drop in Year of the Dragon: Mortgages Standard Chartered’s Bindra Sees Hong Kong...

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Hong Kong investors in ‘mini-bond’ scandal to be repaid

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HONG KONG: Tens of thousands of Hong Kong investors who faced massive losses from products tied to bankrupt U.S. investment bank Lehman Brothers Holdings Inc. will get most of their money back in an agreement announced Sunday. (read on…) People who looked at this item also looked at… Korn/Ferry International Adds Andrew Warneck to...

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Doing business in China? Know how to toast

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Shanghai, the most populous city in China, is said to be giving Hong Kong a run for its money as China’s leading financial center. One day, it may well rival other metro areas as a leading cocktail center. (read on…) Related items Tilting a glass in Shanghai Shanghai to become yuan center Hong Kong...

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