The Hong Kong Housing Society (HKHS) has signed HK$12 billion ($1.54 billion) five-year term and revolving syndicated loan facilities with 12 local and international banks, making it HKHS’ largest ever syndicated loan; it includes a HK$3 billion social tranche. The overall pricing of the loan facilities is based on the Hong Kong Interbank Offered Rate…
The sails of the Opera House are illuminated with projections on the opening night of Vivid Sydney 2023 in Sydney, Australia, on Friday, May 26, 2023. Anadolu Agency | Anadolu Agency | Getty Images Asia-Pacific markets were mixed Friday, as mainland Chinese markets rebounded from a six year low and Australian markets near an all…
Former New York Federal Reserve President William Dudley said he sees scope for a half-point rate cut at next week’s meeting. “I think there’s a strong case for 50,” Dudley said on Friday at a forum organized by The Bretton Woods Committee in Singapore. Dudley left the New York Fed in 2018 and is now…
As Hong Kong’s commercial property slump drags on, Chinese state money has emerged as one of the few pillars of support. Chinese firms have become active buyers in the city’s flailing real estate market, snapping up shopping malls and offices as local and international investors pull back. While deal sizes are smaller than during Hong…
Traders work on the New York Stock Exchange floor on Sept. 9, 2024. Spencer Platt | Getty Images U.S. stock futures were little changed on Thursday evening as traders sought to shake off a sluggish September. S&P 500 futures inched lower by 0.02%. Futures tied to the Dow Jones Industrial Average hovered near the flatline,…
We started buying Home Depot shares last week as a play on housing and interest rates. Our initial 50-share buy was around $362. We bought 50 more shares Wednesday a few dollars higher. The Dow stock is having a mixed year — up about 7% compared to the S & P 500 ‘s more than…
Chinese appliance giant Midea Group Co. is poised to raise $4 billion in its Hong Kong listing in an enlarged deal that will be priced at the top of the marketed range, people familiar with the matter said, in a show of demand for the city’s biggest share sale in three years. The Foshan, China-based…
China’s largest technology companies are returning more of their cash to shareholders than ever before, as they continue to ramp up buybacks to support their flagging stocks. Repurchases of shares listed in Hong Kong have reached HK$187 billion ($24 billion) so far in 2024, already surpassing last year’s record total, according to data compiled by…
Fosun International Ltd. has secured a HK$1.6 billion ($205 million) syndicated loan to partly refinance an existing facility for a Hong Kong property project, according to people familiar with the matter. The new facility, which has a one-year tenor, was signed at the end of last month, said the people, asking not to be named…
A Cathay Pacific Airbus A350 aircraft at Kingsford Smith Airport on August 18, 2021 in Sydney, Australia. Cathay Pacific Airways Ltd., is the flag carrier of Hong Kong with its main hub being at Hong Kong International Airport. James D. Morgan | Getty Images News | Getty Images Rolls-Royce shares opened higher Tuesday, making up…