Archive for January 18th, 2020

Buoyant mood, upbeat data help Asia stocks to further gains

18-Jan-2020 Intellasia | AFP | 6:02 AM

Asian equities mostly rose Friday as investors, still buoyed by the China-US trade deal, turned their focus on earnings season and the global outlook, while they were also [...] » More

Asian shares firm as China’s GDP raises hopes of recovery

18-Jan-2020 Intellasia | Reuters | 6:02 AM

Asian shares rose on Friday after global stock indexes and Wall Street posted more records, and as China’s economic growth matched expectations in spite of US trade [...] » More

UBS restructures Asia wealth unit with Khan making his mark

18-Jan-2020 Intellasia | Bloomberg | 6:02 AM

UBS Group AG is revamping its wealth management business in Asia as the Swiss bank implements a sweeping global shakeup driven by new wealth co-head, Iqbal Khan. LH Koh, head [...] » More

HK mall Festival Walk reopens, but post-protest scars remain

18-Jan-2020 Intellasia | South China Morning Post | 6:02 AM

An upscale shopping mall vandalised last year during Hong Kong’s anti-government protests reopened on Thursday, but much was still to be fixed despite a closure of more [...] » More

HK and Chinese stocks rally as economic data signals growth likely to pick up

18-Jan-2020 Intellasia | South China Morning Post | 6:02 AM

Hong Kong and China stocks advanced, with the city’s benchmark closing at its highest level in eight months, as December economic data suggested growth in the Asian [...] » More

Richemont’s strong sales in mainland China offset contraction in HK, Japan

Richemont’s strong sales in mainland China offset contraction in HK, Japan

18-Jan-2020 Intellasia | Reuters | 6:02 AM

Richemont , the world’s second-biggest luxury goods group, reported on Friday a 4 percent rise in third quarter sales, helped by double-digit growth in China and South [...] » More

Partial opening of scandal-hit Sha Tin-Central MTR link set for Valentine’s Day, HK transport minister reveals

18-Jan-2020 Intellasia | South China Morning Post | 6:02 AM

The long-awaited partial opening of Hong Kong’s scandal-hit Sha Tin-Central rail link is set for Valentine’s Day, the city’s transport minister has [...] » More

HK lawmaker files legal bid at High Court to force police to reveal components of tear gas they use on anti-government protesters

18-Jan-2020 Intellasia | South China Morning Post | 6:02 AM

A pro-democracy lawmaker has launched a legal action to compel police to reveal the components of tear gas they have been using to disperse demonstrators in Hong Kong’s [...] » More

The last goodbye: HK’s ‘King of Thieves’ Kwai Ping-hung spends final night behind bars playing games and chatting to inmates

18-Jan-2020 Intellasia | South China Morning Post | 6:02 AM

Kwai Ping-hung, the “King of Thieves” who has been in prison for 16 years, will bid farewell to fellow inmates on his last night in prison, before he walks free [...] » More

HK’s capital market can expect a robust pipeline of midsize IPOs this year, says one of the city’s top bookrunners

18-Jan-2020 Intellasia | South China Morning Post | 6:02 AM

Hong Kong’s capital market, which ranked top in global initial public offerings (IPOs) in 2019 for the eighth time in 11 years, can expect a “robust [...] » More

HK Express Airways sorry after forcing passenger to take pregnancy test

18-Jan-2020 Intellasia | The Telegraph | 6:02 AM

An airline has apologised after its staff told a passenger to take a pregnancy test before she could board a flight to an island in the US Pacific. Midori Nishida, 25, was [...] » More

Three arrested over HK$25 million worth of iPhones, Apple Watches, other tech products and bird’s nest found on cargo ship bound for mainland China from HK

18-Jan-2020 Intellasia | South China Morning Post | 6:02 AM

Authorities in Hong Kong have seized HK$25 million (US$3.2 million) worth of contraband items from a cargo vessel bound for mainland China and arrested three men in one of [...] » More

Handgun and ammo seized, man arrested as HK police raid radical anti-government group

18-Jan-2020 Intellasia | South China Morning Post | 6:02 AM

Hong Kong police seized a pistol and nearly 100 rounds of ammunition and arrested one member of a radical anti-government group during a raid on a public housing flat on [...] » More

HK refuses to help with investigation into Taiwan watch robber

18-Jan-2020 Intellasia | TaiwanNews | 6:02 AM

A Taiwanese man who robbed two watches from a Hong Kong store last October will remain in custody in Taichung for at least another three months despite a refusal by the Hong [...] » More

Lawmakers agree to NT$24.6bn cut to budget proposal

18-Jan-2020 Intellasia | TaipeiTimes | 6:02 AM

Legislators yesterday agreed to cut NT$24.6 billion (US$821.23 million), or 1.17 percent, from this year’s proposed NT$2.1 trillion general budget. The Legislative Yuan [...] » More