Archive for October 16th, 2018

Business Briefs 16 Oct 2018

16-Oct-2018 Intellasia | | 9:04 AM

* Fitch Ratings has affirmed Vingroup Company’s (VIC) Long-Term Foreign- and Local-Currency Issuer Default Ratings at B+. The outlook was revised to Negative from [...]
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Asian stocks slip on continuing global trade worries

16-Oct-2018 Intellasia | AP | 6:00 AM

Asian stocks slipped Monday, as investor worries continued about global trade tensions and prospects for economic growth. KEEPING SCORE: Japan’s benchmark Nikkei 225 [...]
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Asian stocks extend slide on plethora of risks

16-Oct-2018 Intellasia | AFP | 6:00 AM

Asian stocks started the week on the back foot Monday, with investors still in a gloomy mood after several days of market turbulence sparked by trade rows and a spat over the [...]
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Foot Locker launches a comeback in HK, kicking off with free haircuts and X-box gaming zone

16-Oct-2018 Intellasia | South China Morning Post | 6:00 AM

Foot Locker wants a rematch in Hong Kong. After pulling out two decades ago, the American retailer known for its sales staff in black-and-white referee shirts is back in the [...]
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HK police receive 45 reports of incidents at West Kowloon terminus of high-speed rail, with 3 in mainland port area

16-Oct-2018 Intellasia | South China Morning Post | 6:00 AM

Hong Kong police have received 45 reports of incidents at the West Kowloon terminus of the newly launched high-speed rail link to Guangzhou, with three cases occurring in an [...]
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HK’s securities regulator mulling over new rules for city’s cryptocurrency exchanges

16-Oct-2018 Intellasia | South China Morning Post | 6:00 AM

Hong Kong’s Securities and Futures Commission (SFC) is exploring ways to regulate the various cryptocurrency trading platforms already operating in the city and thus [...]
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Fake cash conviction for HK prop master quashed because trial judge didn’t individually count all 233,079 notes to check if they looked real

16-Oct-2018 Intellasia | South China Morning Post | 6:00 AM

A film props master found guilty of possessing counterfeit money was cleared on appeal by the High Court on Monday, after the original trial judge was found to have erred in [...]
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‘No chances of making money’: Chinese retail investors have lost more than 100,000 yuan each this year

16-Oct-2018 Intellasia | AFP | 6:00 AM

So much for mainland Chinese investors’ plans of gaining from the country’s economic growth through its equity market. Millions of individual investors have [...]
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‘Benefits outweigh costs’ of HK’s massive plan to reclaim land around Lantau Island

16-Oct-2018 Intellasia | South China Morning Post | 6:00 AM

The hefty price tag for what would be Hong Kong’s largest ever infrastructure project should not be measured against the size of the public coffers, a think tank has [...]
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‘Special privileges’ row sparked after senior HK official passes West Kowloon immigration with no ID

16-Oct-2018 Intellasia | South China Morning Post | 6:00 AM

A senior Hong Kong official has been accused of unjustly exercising “special privileges” by passing through the immigration checkpoint at West Kowloon station [...]
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Tesla opens new HK electric car charging station, the biggest in Asia

16-Oct-2018 Intellasia | South China Morning Post | 6:00 AM

US electric car maker Tesla has set up a 50-stall charging station in Hong Kong, the biggest of its kind in Asia, as it seeks to expand its presence in the city despite a [...]
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Pro-independence students gather at US consulate in bid to have HK officials punished for ‘betrayal of city’ over lack of democracy

16-Oct-2018 Intellasia | South China Morning Post | 6:00 AM

Several members of a pro-independence student group and dozens of their supporters gathered outside the US consulate in Hong Kong from Sunday evening to Monday morning to [...]
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UK, HK regulators line up 2,500 funds for cross-border selling

16-Oct-2018 Intellasia | South China Morning Post | 6:00 AM

Some 2,500 UK and Hong Kong retail funds could become available for cross-border sale in the two markets after regulators signed an agreement last week to offer more choice [...]
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China says US arms sales to Taiwan interfere in its affairs

16-Oct-2018 Intellasia | Reuters | 6:00 AM

China accused the United States on Sunday of going on the offensive by sending US Navy vessels into the South China Sea and described US arms sales to Taiwan as interference [...]
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The US weapons Taiwan wants to bolster its defences

The US weapons Taiwan wants to bolster its defences

16-Oct-2018 Intellasia | South China Morning Post | 6:00 AM

A senior official Pentagon official’s comments last week that the United States is moving towards a “more normal foreign military sales relationship” with [...]
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