Archive for June 12th, 2020

Asian markets step back following Fed’s sobering outlook

12-Jun-2020 Intellasia | Bloomberg | 6:02 AM

Equities sank Thursday after the Federal Reserve offered a dose of reality on the US economy, while traders have also been spooked by fears of a second wave of virus [...]
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HK’s low-interest rate regime will help the city’s stricken economy get back on its feet quickly

12-Jun-2020 Intellasia | South China Morning Post | 6:02 AM

The Hong Kong Monetary Authority will follow the US Federal Reserve in keeping interest rates close to zero through 2022 to support the battered economy, a strategy that is [...]
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Hunt on for owners of two fishing boats after HK$17 million haul of American ginseng seized near HK airport

12-Jun-2020 Intellasia | South China Morning Post | 6:02 AM

A citywide hunt is under way for the owners of two fishing boats after more than HK$17 million (US$219,350) worth of American ginseng was found on board one of the vessels [...]
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Back in HK after serving US prison term for bribery, a ‘very tired’ Patrick Ho begins quarantine after testing negative for Covid-19

12-Jun-2020 Intellasia | South China Morning Post | 6:02 AM

Disgraced former Hong Kong minister Patrick Ho Chi-ping may have walked free from a New York jail, but the ex-official, who emerged looking noticeably slimmer, still faces [...]
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Joint declaration ‘not relevant’ to national security law for HK, says Beijing

12-Jun-2020 Intellasia | South China Morning Post | 6:02 AM

China’s foreign ministry issued a “fact sheet” on Wednesday defending Beijing’s decision to impose a national security law on Hong Kong, following [...]
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HK protests: activist facing charges flees to Netherlands and another also goes missing, prompting police to add them to wanted list

HK protests: activist facing charges flees to Netherlands and another also goes missing, prompting police to add them to wanted list

12-Jun-2020 Intellasia | South China Morning Post | 6:02 AM

A protester who fled to the Netherlands, and another who went missing hours after being told he faced a riot charge over the storming of the Hong Kong legislature last July, [...]
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Japan concerned over HK as dozens arrested in new protests

12-Jun-2020 Intellasia | Aljazeera | 6:02 AM

Hundreds take to Hong Kong streets to mark one year since start of protests against a now-withdrawn extradition bill. Japan has said it wants to take the lead in any G7 [...]
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Over 30,000 HK companies enjoy six-month repayment holiday on HK$380 billion in loans under HKMA scheme to help them survive economic slump

12-Jun-2020 Intellasia | South China Morning Post | 6:02 AM

All SMEs with an annual turnover of HK$800 million or below can enjoy the break. This qualification covers 80 per cent of corporate borrowers in Hong Kong. The borrowers, who [...]
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HK Tiananmen activist says locked out of Zoom

12-Jun-2020 Intellasia | AFP | 6:02 AM

The organiser of Hong Kong’s annual vigil for the victims of China’s deadly Tiananmen crackdown told AFP Thursday his Zoom account was suspended after trying to [...]
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Coronavirus: love was in the air but all Hongkongers cared about was getting a face mask, new survey of social media shows

12-Jun-2020 Intellasia | South China Morning Post | 6:02 AM

In the early stages of the coronavirus pandemic, Hongkongers were at their happiest on February 14 not because it was Valentine’s Day, but because face masks became [...]
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HK has only one real rival for businesses thinking about leaving

12-Jun-2020 Intellasia | CNN | 6:02 AM

American executives in Hong Kong are nervous about the city’s future as a centre for global business. For the minority already considering a Plan B, though, Singapore [...]
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Coronavirus: HK goes week without any local cases of Covid-19, but source of Sha Tin cluster still unknown

12-Jun-2020 Intellasia | South China Morning Post | 6:02 AM

Hong Kong saw further signs of improvement from Covid-19, reporting no new infections on Thursday to reach seven days without local transmission. The number of confirmed [...]
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High Court swats down Occupy activist’s challenge of five-year ban on running in HK elections for those with jail terms

High Court swats down Occupy activist’s challenge of five-year ban on running in HK elections for those with jail terms

12-Jun-2020 Intellasia | South China Morning Post | 6:02 AM

A Hong Kong opposition activist barred from elections due to a jail term served for his role in the 2014 Occupy protests has failed in his bid to challenge electoral laws [...]
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Only HK can solve unrest, says British foreign minister

12-Jun-2020 Intellasia | Reuters | 6:02 AM

The British government has said any solution to the unrest in Hong Kong must come from the former colony itself and not from Beijing, and it urged China to reconsider a new [...]
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NetEase jumps as much as 10 per cent on first day of trading after completing secondary offering in HK

12-Jun-2020 Intellasia | South China Morning Post | 6:02 AM

Shares of NetEase, the world’s second-largest mobile gaming company, surged on the first day of trading in Hong Kong, underscoring investors’ penchant for [...]
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