A wave of bullishness is sweeping through Hong Kong’s real estate market. A report by S&P Global Ratings on May 5 said an “upside surprise” could materialise. One of the catalysts for a stronger-than-expected recovery was evidence of more competitive bids at residential land auctions in recent months. S&P said, “Hong Kong has become the…
By Nayera Abdallah, Elwely Elwelly and Idrees Ali DUBAI/WASHINGTON, May 11 (Reuters) – President Donald Trump’s swift rejection of Iran’s response to a U.S. peace proposal sent oil prices surging higher on Monday amid concerns the 10-week-old conflict will drag on, keeping shipping through the Strait of Hormuz paralyzed. Days after the U.S. floated an…
Hong Kong recorded a 17 per cent growth in investment in the first quarter of the year driven mainly by machinery purchases and construction-related activities, according to the city’s finance chief, reflecting a steadily improving property market. Financial Secretary Paul Chan Mo-po on Sunday acknowledged a gap in perceived economic growth among residents working in…
About 100 ships registered in Hong Kong or locally managed or owned are stranded in the Strait of Hormuz along with an estimated 2,300 seafarers, an industry leader has said. Richard Hext, chairman of the Hong Kong Shipowners Association, told the South China Morning Post on Friday that it was very risky to sail vessels…
By Matt Spetalnick and Andrea Shalal WASHINGTON, May 9 (Reuters) – With his decision to pull some U.S. troops from Germany, his threats to draw down forces elsewhere in Europe and his downplaying of Iran’s recent attacks on an important Gulf partner, President Donald Trump’s latest moves foreshadow what could be the war’s enduring legacy:…
Hong Kong flag carrier Cathay Pacific Airways will lower its fuel surcharges for passenger flights by as much as 12.9 per cent from May 16, after a series of increases that began in March. For long-haul flights, the surcharge will fall from HK$1,560 (US$199) to HK$1,362 per leg of the trip. The rate for medium-haul…
The Hong Kong Exchanges and Clearing (HKEX) is pressing ahead with the relaunch of gold futures as mainland China’s appetite for the metal continues to grow. The city would continue to introduce new gold products and facilities to capture the growing opportunities of the gold market, Financial Secretary Paul Chan Mo-po said on Thursday at…
BEIJING (AP) — China’s top diplomat said Thursday that ties with the U.S. have been in general stable despite “many twists and disruptions,” and called on both countries to find a way to contribute to global peace, a week before President Donald Trump is expected to visit. During a meeting with members of a U.S….
WASHINGTON, May 6 (Reuters) – U.S. President Donald Trump said on Wednesday that Iran wants to negotiate and make a deal, adding that the U.S. was doing very well in Iran and that it was going very smoothly. “We’re doing very well in Iran. It’s going very smoothly, and we’ll see what happens. They want…
PARIS, May 6 (Reuters) – French President Emmanuel Macron said on Wednesday that he had held further talks with Iranian President Masoud Pezeshkian, during which Macron had reaffirmed the importance of freeing up shipping in the Strait of Hormuz. Macron added he had encouraged Iran’s president to look at the plans by France and Britain…