George Hongchoy Kwok-lung has announced his retirement as CEO of Hong Kong-based Link Asset Management, ending a 16-year tenure amid mounting controversy over his pay package and recent lay-offs. Hongchoy, 63, would ensure a smooth transition at Link as it embarked on a search for his successor, Asia’s largest real estate investment trust said early…
LONDON — Twenty-five countries, including Britain, France and a host of other European nations, issued a joint statement on Monday saying the war in Gaza “must end now” and Israel must comply with international law. The foreign ministers of countries including Australia, Canada and Japan said “the suffering of civilians in Gaza has reached new depths” and…
Chinese yuan trades flat against greenback after PBOC decision The Chinese yuan and offshore yuan traded flat against the greenback on Monday, after the People’s Bank of China stood pat on its key holding rates for July. As at 9.50 a.m. local time (9.50 p.m. ET Sunday), the offshore yuan had strengthened by 0.02% against…
The Australian sharemarket is set to follow Wall Street’s record-setting trend, with the ASX 200 futures pointing to a positive end to the week amid U.S. economic signals and rising unemployment rates. In such a buoyant market atmosphere, investors often explore diverse opportunities, including penny stocks—an investment category that continues to intrigue despite its somewhat…
Hong Kong customs has approached the trademark owners of popular brands Labubu and Chiikawa to establish records that will help combat counterfeits, with the Post learning the city currently has no way of cracking down on fakes featuring the characters. The distributor of hugely popular doll Labubu, Pop Mart, and Nagano Co, the firm that…
SYDNEY (Reuters) -Australia’s government said on Saturday it had delivered M1A1 Abrams tanks to Ukraine as part of a A$245 million ($160 million) package to help the country defend itself against Russia in their ongoing war. Australia, one of the largest non-NATO contributors to Ukraine, has been supplying aid, ammunition and defence equipment since Moscow…
Hong Kong has proposed banning the sale of mini konjac jelly cups from April next year over the products’ choking-hazard risks, with anyone caught selling such goods to face a maximum penalty of six months in jail and a fine of up to HK$50,000 (US$6,370). The amendments will be presented to the Legislative Council next…
BANGKOK – Shares were mixed Wednesday in Europe and Asia after an update on U.S. inflation pulled most Wall Street stocks lower, though gains for Nvidia pushed the Nasdaq to another record. The report showed inflation in the United States accelerated to 2.7% last month from 2.4% in May. Economists said higher prices for clothes,…
Hong Kong stocks rose on Thursday, led by carmakers, after China pledged to curb “irrational competition” in the electric vehicle (EV) sector. The Hang Seng Index advanced 0.3 per cent to 24,602.04 at 9.40am local time. The Hang Seng Tech Index added 0.3 per cent. On the mainland, the CSI 300 Index strengthened 0.3 per…
Here are the opening calls for the day Good morning from Singapore. Investors will be keeping a close watch on a slew of data points from the Asia-Pacific region today, including Japan’s trade figures, Singapore’s non-oil domestic exports numbers as well as Australia’s employment print for the month of June. Economists polled by Reuters expect…