Archive for January 18th, 2020
Buoyant mood, upbeat data help Asia stocks to further gains
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
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
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
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
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 , 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
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
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
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
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
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
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
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
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
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
