Money never sleeps in Hong Kong, except during some public holidays. The city is known for having many official days off. Often stock trading stops while other markets, including the one in mainland China, continue on their merry way of making money. In recent years, however, the city’s stock exchange has been enhancing its services…
US Treasury Secretary Scott Bessent said on Friday that meetings with his Chinese counterparts this week “advanced our talks”, but stopped short of confirming that US President Donald Trump approved the consensus that Beijing claimed they had reached. “This week’s negotiations in Stockholm have advanced our talks with China, and I believe that we have…
Asia-Pacific currencies mostly depreciate against the greenback Asia-Pacific currencies mostly depreciated against the greenback on Friday after U.S. President Donald Trump modified tariff rates on several countries. The U.S. dollar index, which measures the greenback against six major currencies, rose 0.11% to 100.73 as of 10:40 a.m. Singapore time (10:40 p.m. ET Thursday). The Japanese…
An increasing number of wealthy mainland families have been opting to come to Hong Kong for mediation services to solve disputes instead of going to court, according to an expert. “There is an increased demand for family mediation services in Hong Kong in recent years, particularly from [mainland] Chinese families,” said Ann Cooley, founder of…
ROME (AP) — Stealth submarines fitted with space-shooting lasers, supply-chain sabotage and custom-built attack satellites armed with ion thrusters. Those are just some of the strategies Chinese scientists have been developing to counter what Beijing sees as a potent threat: Elon Musk’ s armada of Starlink communications satellites. Chinese government and military scientists, concerned about…
Asia-Pacific markets start the day mixed Asia-Pacific markets opened mixed Thursday. Japan’s Nikkei 225 benchmark moved up 0.21% while the broader Topix index ticked up 0.28%, as of 8.10 a.m. Singapore time (8.10 p.m. ET Wednesday). In South Korea, the Kospi index fell 0.14% while the small-cap Kosdaq was flat. Over in Australia, the S&P/ASX 200 benchmark fell…
Shanghai and parts of China’s east coast are bracing for a severe tropical storm after a tsunami yellow alert for the region was cancelled on Wednesday, following a massive earthquake off Russia’s Kamchatka peninsula. The tropical storm generated by Typhoon Co-May was expected to make landfall on Wednesday evening, authorities said. China’s Tsunami Warning Centre…
A former top executive of a Hong Kong-listed company surrendered to the city’s anti-corruption agency on Tuesday after more than a decade on the run. Li Songxiao, the former chairman of Neo-China Group (Holdings), now known as Shanghai Industrial Urban Development Group (SIUD), handed himself over to the Independent Commission Against Corruption (ICAC) over his…
A former top executive of a Hong Kong-listed company surrendered to the city’s anti-corruption agency on Tuesday after more than a decade on the run. Li Songxiao, the former chairman of Neo-China Group (Holdings), now known as Shanghai Industrial Urban Development Group (SIUD), handed himself over to the Independent Commission Against Corruption (ICAC) over his…
Hong Kong’s newly crowned world fencing champion Ryan Choi Chun-yin returned to the city on Monday and expressed his gratitude after his triumph in Georgia last week. On his arrival at Hong Kong International Airport, 27-year-old Choi was presented with a bouquet of flowers before describing his relief and joy at reaching the pinnacle of…