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…
Hong Kong welcomed more than 1 million mainland Chinese visitors during their five-day Labour Day “golden week” holiday, a 10 per cent rise from a year ago, exceeding government expectations, but industry leaders have said their spending was inconsistent. Immigration Department data showed the city recorded 1.01 million mainland visitor arrivals between May 1 and…
The competition could intensify at tenders for Hong Kong’s residential plots as developers replenish their land banks amid a recovering property market, with the tug of war testing their financial discipline as they bid for parcels at a “noticeable premium”, according to S&P Global Ratings, though some analysts believe that the return of confidence is…
Fewer than 5 per cent of Hong Kong flights have been cancelled for May and June combined, and about 1 per cent during the peak July travel period, the Airport Authority has said, despite a global fuel crisis triggered by the Middle East war, adding it would review charges to ease the industry’s burden. Responding…
Hong Kong’s retail sales jumped by 12.8 per cent in March, bringing first-quarter growth to 9.8 per cent, driven by a spurt in sales of electric cars ahead of the withdrawal of tax breaks. Provisional figures released by the Census and Statistics Department on Wednesday showed that retail sales reached HK$33.9 billion (US$4.32 billion) in…
May 6 (Reuters) – Iran will only accept “a fair and comprehensive agreement” in its negotiations with the U.S. on ending the war in the Middle East, its foreign minister said on Wednesday, as President Donald Trump cited “great progress” in the process. “We will do our best to protect our legitimate rights and interests…
Hong Kong should develop its shipping insurance and management capabilities, among other areas, to strengthen its status as a global maritime hub amid intensifying geopolitical tensions, former city leader Leung Chun-ying has said. Leung, in his capacity as co-founder and honorary adviser to the Hong Kong Chamber of Shipping, said in a wide-ranging interview last…