Hong Kong residents can once again enjoy films at theatres for HK$30 (US$3.90) with the return of the annual Cinema Day event on May 10. The government announced the city’s third consecutive Cinema Day with the release of a 30-second advertisement starring martial artist Donnie Yen Ji-dan, who tells viewers: “You won’t miss it, right?”…
Hong Kong Exchanges and Clearing (HKEX), which operates Asia’s third-largest stock exchange, reported record annual profit on higher market turnover and a surge in new listings amid a market rally that started in September. Net profit in 2024 increased 10 per cent to HK$13 billion (US$1.7 billion), or HK$10.32 per share, compared with HK$11.9 billion…
Some Wall Street forecasters see the latest rally hitting a wall next year. An uncertain economic outlook and historically high stock prices are cause for concern, analysts say. December could be a good time for investors to dial back risk, a Morgan Stanley portfolio manager said. The postelection rally in the stock market is running…
China is set to import this month the highest crude oil volumes since August, as oil prices slumped amid demand concerns in early September when most November cargoes were likely contracted. The world’s top crude oil importer is estimated to import about 11.4 million barrels per day (bpd) of crude, Reuters columnist Clyde Russell reports,…