City Hong Kong Financial News

18.12 / 05:21

markets UPS economy Trade track reports Stock market today: Asian stocks are mostly higher ahead of Federal Reserve's meeting

Asian stocks are mostly higher ahead of the Fed’s last rate decision this year

17.12 / 09:53

markets Digital Airlines Software Experts PAM International The world’s busiest airline routes in 2024 are largely in Asia

To determine the busiest international and domestic flight routes, OAG analyzed the volume of scheduled airline seats from January to December 2024. The routes listed reflect round trip flights rather than one-ways in a single direction. “With the Asia Pacific region very close to a full recovery, the busiest routes are concentrated in the familiar major hubs of Hong Kong, Seoul Incheon and Singapore,” said John Grant, chief analyst at OAG, in a release.

13.12 / 07:23

markets UPS economy Trade show track reports Stock market today: Asian shares retreat, tracking Wall St decline as price data disappoints

Asian shares have tracked Wall Street’s decline in response to potentially discouraging data on the U.S. economy

05.12 / 09:49

Federal Reserve Jerome Powell rate cut bets Rate cut bets boost stocks as Bitcoin stalks $100,000

Asian stocks were mixed on Thursday in the wake of record peaks on Wall Street as a softer read on U.S. services data boosted investor confidence in the Fed lowering interest rates. The S&P 500, Nasdaq and Dow all notched record highs overnight and bitcoin, at times a barometer of the mood, was back within a whisker of $100,000.

03.12 / 03:43

Citi Williams economy Parke musician stars Destinations Hong Kong will display 2,500 panda sculptures to capitalize on a local bear craze

Thousands of giant panda sculptures will greet residents and tourists starting on Saturday in Hong Kong, where enthusiasm for the bears has grown since two cubs were born in a local theme park

29.11 / 07:29

markets UPS Food Nikkei trends Trade reports Stock market today: Asian shares are mixed, with US markets closed for Thanksgiving

Asian shares are mixed after U.S. markets were closed for the Thanksgiving holiday

23.11 / 07:39

markets Digital CEO Strategy Election NVIDIA reports Nvidia CEO says will balance compliance and tech advances under Trump

Nvidia CEO Jensen Huang said Saturday that his company will balance legal compliance and technological advances under the incoming administration of Donald Trump, and nothing will stop the global advancement of artificial intelligence.

22.11 / 06:23

markets UPS NVIDIA Trade Bitcoin reports Asian stocks Stock market today: Asian stocks track Wall Street gain with Nvidia report and bitcoin surge

Asian stock rise following gains on Wall Street after market superstar Nvidia and other companies said they’re making even fatter profits than expected

20.11 / 13:27

Citi Landmark Action security Apple President Freedom Hong Kong ex-publisher Jimmy Lai testifies he didn't ask Pence, Pompeo to take action against city

Former Hong Kong publisher Jimmy Lai is testifying in his defense at his landmark national security trial

20.11 / 06:01

markets Trade War country reports Stock market today: Asian markets mostly lower as worries over Russia-Ukraine war loom

Asian stocks are mostly lower, despite gains on Wall Street, as worries mount over escalations in the Russia-Ukraine war

20.11 / 06:01

security Apple Freedom Fishing 2020 boating He rose to riches in Hong Kong. Now he’s a symbol of China’s crackdown.

Subscribe to enjoy similar stories. HONG KONG—Jimmy Lai came to Hong Kong in 1961 as a boy smuggled on a fishing boat, a refugee who left mainland China because his mother was afraid he would starve to death in the turmoil following the Communist takeover there. He rose from child laborer to clothing tycoon and media baron, living in a colonial mansion filled with books and flowers.

19.11 / 13:33

markets UPS Trade Experts rights Relationships British PM Keir Starmer raises human rights violations in China with Xi Jinping; this is what happened to journalists after that, watch video

Also Read: Russian Nostradamus issues grave warning says world is on the brink as extremely dangerous period is coming As soon as Starmer brought up these sensitive topics, Chinese officials abruptly forced British journalists out of the room. Despite attempts by Starmer's team to keep reporters present, the Chinese delegation physically removed them, reflecting Beijing’s hard stance on freedom of expression and dissent. The sensitive references to Hong Kong and Jimmy Lai particularly stung, as Lai’s trial for national security charges continues.

18.11 / 03:25

markets Strategy Analysis economy MSCI Trade recommendations Goldman Sachs downgrades Hong Kong stocks to underweight

Hong Kong stocks are cheap but may miss out on the benefits of China's efforts to support its economy, analysts at Goldman Sachs said, while downgrading their recommendation on the market. «Although valuations are not demanding, Hong Kong does not offer much economic or earnings growth,» Goldman analysts said in an Asia-Pacific portfolio strategy note published on Sunday, which recommended an underweight allocation to Hong Kong.

15.11 / 08:15

markets UPS economy Election Trade show reports Asian stocks Stock market today: Asian stocks are mixed after Wall Street's post-election bonanza wanes

Asian shares are mostly higher after U.S. stocks slipped as the rally following Trump’s election victory cooled further

13.11 / 13:57

markets UPS Career JPMorgan security reports Goldman Sachs hired a London BofA MD for Hong Kong

Financial services hiring is perking up everywhere, but in Hong Kong it's looking particularly sprightly. Bloomberg reported yesterday that professionals licensed with the Hong Kong Securities and Futures Commission (SFC) increased at the fastest rate ever in the past four months. One of those hires was at Goldman Sachs, which has just relocated a London-based MD from a rival bank who previously spent the bulk of his career in Hong Kong.

13.11 / 12:05

markets UPS DOW economy Trade Bitcoin Stock market today: World stocks mixed after Wall Street momentum slows with cooling Trump trade

European markets opened higher on Wednesday while Asian stocks followed Wall Street lower as momentum cooled for the torrid “Trump trade” that swept U.S. markets following Donald Trump’s presidential victory

12.11 / 14:03

Citi security Trade Freedom reports Department Investigations Hong Kong reporter says she'll sue Wall Street Journal for dismissal over union role

A former Hong Kong reporter of The Wall Street Journal says she'll sue the publication for sacking her because she joined a trade union

11.11 / 04:09

markets UPS economy Trade reports mountaineering Asian stocks Stock market today: Asian stocks decline as China stimulus plan disappoints markets

Asian stocks fell on Monday, led by a more than 2% drop in Hong Kong’s Hang Seng index, as China’s stimulus package disappointed investor expectations

08.11 / 06:05

markets UPS Ripple DOW economy Stock market today: Asian shares gain after US Fed cuts interest rates

Asian shares have advanced after most U.S. stocks rose as the Federal Reserve cut interest rates again to ease pressure on the economy

06.11 / 06:17

markets security Analysis Election Research Trade President China stocks, yuan slip as US election counting progresses

U.S. stock futures jumped and the dollar rose across the board, as some tallies pointed to Trump making gains over Vice President Kamala Harris in battleground states.

04.11 / 19:43

markets security Strategy Trade country Department International Hinduja Group needs DPIIT nod, too, for Reliance Capital buy

Hinduja Group received the central bank's approval to acquire the financial services company, but the transaction cannot proceed until it is approved by the Department for Promotion of Industry and Internal Trade (DPIIT). The Hindujas need DPIIT's approval because IIHL (IndusInd International Holdings), the acquisition vehicle, has 600 shareholders from the UAE, Singapore, Hong Kong, and Mauritius, with 39 shareholders residing in Hong Kong, which is classified as a land-border country under PN3 due to its special administrative relationship with China, said a source. This has raised compliance questions under PN3, prompting deeper scrutiny by Indian regulators.

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