The logo of FWD group is seen on a building in Hong Kong, China March 20, 2023. REUTERS/Tyrone Siu/File Photo HONG KONG, June 26 (Reuters Breakingviews) – Richard Li is nothing if not relentless. The tycoon’s pan-Asian insurer FWD is going public after multiple false starts. A $6.2 billion, opens new tab market capitalisation is…
High rise private residential buildings are seen in Hong Kong, China May 21, 2017. Picture taken May 21, 2017. REUTERS/Bobby Yip Low interest rates and an influx of capital have buoyed sentiment for residential real estate, where prices have fallen 30% since 2021. Yet developers like New World have a record 28,000 units of unsold…
A 3D printed miniature model of U.S. President Donald Trump, Israel and Iran flags are seen in this illustration taken June 18, 2025. REUTERS/Dado Ruvic/Illustration LONDON, June 24 (Reuters Breakingviews) – When Donald Trump completed his trip to Saudi Arabia, Qatar and the United Arab Emirates in May, complete with trillion-dollar pledges of investment, the…
A Hong Kong dollar note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration/File Photo HONG KONG, June 24 (Reuters Breakingviews) – Whenever some aspect of Hong Kong’s U.S. dollar peg appears askew, observers suggest that the scheme’s end is nigh — or has already arrived. This time, it’s the persistent wide gap…
A view shows the headquarters of New World Development at New World Tower, in Hong Kong, China September 27, 2024. REUTERS/Tyrone Siu/File Photo HONG KONG, June 19 (Reuters Breakingviews) – A property giant’s struggle to secure an $11 billion debt refinancing is keeping regulators and bankers in Hong Kong on edge, for good reason. A…
Hong Kong Airlines has decided to cancel its flights to southern Japan in July and August amid an unfounded rumor that a major earthquake and tsunami will hit the country this summer. In Hong Kong, the rumor has caused a decrease in travel demand to Japan and led to reduced flights since May between Hong…
China’s Lunar New Year, or Spring Festival, eight-day holiday kicked off on Tuesday. The government predicts people will make a record 9 billion trips around this season. The Spring Festival falls on Wednesday this year. Airports and train stations have been crowded with people going to their hometowns and tourist destinations since mid-January, ahead of…