BEIJING, April 20 (Reuters) – Chinese President Xi Jinping called for normal passage of ships through the Strait of Hormuz to be maintained, in a phone call on Monday with Saudi Arabia’s Crown Prince Mohammed bin Salman held as Beijing steps up efforts to help end the Iran war. China is concerned over renewed instability…
Hong Kong’s real estate market has come a long way in the past year. For a sign of the extent to which its outlook has improved, look no further than the rapid shift in expectations for the growth in house prices this year. As recently as January, Morgan Stanley characterised its prediction of a 10…
DUBAI, April 20 (Reuters) – Iranian President Masoud Pezeshkian said on Monday that every rational and diplomatic path should be used to reduce tensions with the U.S., but added that vigilance and distrust in interactions with Washington were an “undeniable necessity”, according to the state news agency IRNA. A two-week ceasefire between Iran and the…
Hong Kong’s Airport Authority has launched its marina project as part of the broader SkyCity blueprint, seeking global interest from the yachting, hospitality and water sports sectors to help shape the 200-hectare (494 acres) development, with the first phase scheduled for completion in 2028. Cissy Chan Ching-sze, the authority’s commercial executive director, said on Monday…
Hong Kong homebuyers’ strong demand for new flats extended a streak of brisk sales for developers with one project selling out in a single day, underscoring the city’s broader recovery in housing prices. All 88 units at the Pavilia Farm III project by New World Development and MTR Corporation in Sha Tin were sold on…
The US-Israeli war on Iran has unleashed sharp swings across global energy and financial markets, fuelling demand for safe-haven assets, with Hong Kong emerging as a potential beneficiary across gold, property and capital markets. In the first of a three-part series, we examine Hong Kong’s bid to position itself as Asia’s bullion hub. War in…
DUBAI, April 17 (Reuters) – Significant differences between Iran and the United States remain to reach a deal aimed at ending the war, a senior Iranian official told Reuters on Friday, adding that keeping the Strait of Hormuz open is “conditional on U.S. adherence to the terms of ceasefire”. The official, who spoke on condition…
WASHINGTON, April 17 (Reuters) – The U.S. is urging G20 members and the International Monetary Fund and World Bank to take coordinated action to ensure fertilizer access amid disruptions in food trade supply chains caused by the war in the Middle East, two sources familiar with the matter said on Friday. U.S. Treasury Secretary Scott…
WASHINGTON, April 16 (Reuters) – U.S. President Donald Trump said on Thursday that if a deal with Iran to conclude the war is reached and signed in Islamabad, he might go, and that Iran has agreed to almost everything. Trump struck an optimistic tone about Iran as he spoke with reporters on the White House…
Mark Mobius, who was known as the father of emerging markets and was among the first fund managers to invest in Hong Kong and mainland China, died on Wednesday at the age of 89, according to a statement on his LinkedIn account. The statement did not give the cause. Mobius was based in Dubai in…