Hong Kong developer Wharf (Holdings) is increasingly relying on Hong Kong’s luxury-home market to offset weakness in mainland China, while paring investments and building up cash as it navigates an uncertain outlook. Revenue from Wharf’s Hong Kong development properties nearly tripled to HK$1.35 billion (US$172 million) from HK$475 million in the first half, with operating…
The Exchange Fund, the war chest used to defend the local currency, reported a 37 per cent decline in first-half earnings as losses in Hong Kong equities and weaker bond returns weighed on performance, the Hong Kong Monetary Authority (HKMA) said on Tuesday. Earnings stood at HK$134.7 billion (US$17.17 billion), down from the record half-year…
Hong Kong exports rose 53.4 per cent year on year in June, their sharpest increase in 42 years, to a record HK$641.1 billion on strong overseas demand for AI-related products. Provisional figures released by the Census and Statistics Department on Monday showed that the total value of exports climbed to HK$641.1 billion (US$81.7 billion) last…
Hong Kong authorities are seeking to inject HK$4.6 billion (US$587 million) into the government-owned postal service provider to sustain its operations for the next three years, following eight years of operating losses and declining mail volumes. A document submitted to Legislative Council on Wednesday by the Commerce and Economic Development Bureau showed a bruising fiscal…
Geopolitical tensions and a funding crisis are jeopardising peacekeeping missions, particularly those under the auspices of the United Nations, the Stockholm International Peace Research Institute warned on Monday. Global tension, funding woes threaten peacekeeping missions: SIPRI Just under 79,000 international personnel were deployed in international peacekeeping operations at the end of 2025, the lowest number…
Representative image from file. 1 min read Last Updated : Apr 09 2026 | 7:45 PM IST China’s Defence Ministry on Thursday denied reports that Chinese firms provided satellite imagery and semiconductor chip manufacturing equipment to the Iranian military in the midst of the US-Israeli war against Iran. China firmly opposes the dissemination…
Hong Kong will continue its efforts to expand business opportunities in the Middle East despite recent geopolitical tensions, as the city remains a safe and stable investment hub amid global volatility, Chief Executive John Lee Ka-chiu has said. Despite his optimism, Lee conceded that the conflict in the Middle East had affected Hong Kong through…
Hong Kong and mainland Chinese stocks outpaced their US peers for the first two weeks of 2026 and should continue to do so for the rest of the year on the back of relatively cheaper valuations, a firmer yuan and policy tailwinds, as geopolitics drives more global investors to look to China as a hedge…
Hong Kong has signed aviation agreements with seven countries – mostly in Latin America – to expand its global reach and make better use of the airport’s three-runway system, according to a senior official. Secretary for Transport and Logistics Mable Chan on Tuesday revealed that the government had signed deals with the Latin American countries…
Elon Musk’s latest comment on X has sent ripples across the platform, with the tech mogul declaring that a major global conflict is no longer a distant fear but an imminent reality. Known for his blunt takes, the billionaire didn’t hesitate to predict that war could break out within the next decade. Elon Musk’s cryptic…