Chevron Corp. is considering a sale of all of its gas stations in Hong Kong amid interest from prospective investors, according to people familiar with the matter. The American oil and gas company, which operates more than 40 Caltex-branded service stations in Hong Kong, may seek a valuation of about $400 million for the assets,…
The Iranian-made satellites, Kowsar and Hodhod, were successfully placed into orbit by a Russian Soyuz-2.1 spacecraft. A Russian rocket carrying a payload of satellites into orbit – including two from Iran – blasted off successfully, Russia’s Roscosmos space agency said, in a move seen as reflecting the growing cooperation between Moscow and Tehran. The Soyuz-2.1…
Hong Kong’s exchange-traded fund (ETF) market is logging a record year thanks to the recent market rally, expanded inclusion in the cross-border Stock Connect programme and a series of new products, including Asia’s first pegged to virtual assets. Net fund flows of Hong Kong’s exchange-traded product (ETP) market, which includes ETFs and leveraged and inverse…
Iran has been holding a US-Iranian journalist in prison for months, the Associated Press reportedBloomberg Terminal, raising the risk of further friction between the two countries. The US is aware of reports that a US-Iranian dual citizen has been arrested in Iran and is working with its Swiss partners to gather more information about the…
Hong Kong has embarked on ambitious plans to build itself up as a centre for hi-tech and innovation in Asia. It has also been casting its net wider for diverse markets to partner with for trade and business owing to geopolitical tensions between China and the West. A new partnership between the city’s leading technology…
Hong Kong secured billions of dollars in financial commitment from Saudi Arabia after one of the city’s biggest business delegations to the kingdom sealed almost a dozen deals for start-ups and collaboration accords over three days. The highlight of the week was the US$1 billion accord announced on the final day of the 2024 FII…
Seven civilians killed in rocket fire from Lebanon as Israeli forces conduct deadly air raids on Beirut. Four Thai agricultural workers have been killed in Hezbollah rocket attacks on northern Israel, as the Israeli military hit Lebanon’s capital with multiple air strikes. Posting on social media platform X on Friday, Thai Foreign Minister Maris Sangiampongsa said…
In a cavernous multistory mall, customers jostle for space amid endless rows of glass display cabinets that glimmer under the bright lights. The space thrums with excitement as shoppers gaze down at bracelets, rings, necklaces and other finely crafted treasures. Welcome to Shuibei in Shenzhen, a former fishing village in southern China that’s become the…