Author Archives: admin

Months of unrest in Hong Kong has invited debate over the city’s viability to remain Asia’s premier financial hub.Actions by the government have raised questions about the special administrative region’s autonomy, while frequent demonstrations have brought the city to a standstill.At the same time, Hong Kong is facing heightened competition from regional alternatives.Across the border […]

Discover Thomson ReutersBy Alun John, Scott Murdoch, Sumeet Chatterjee5 Min ReadHONG KONG (Reuters) – Last October, nearly four dozen banks in Hong Kong confronted a nightmare “stress test” scenario: a pandemic that swept through the city, followed by a major cyberattack and a telecoms breakdown.In the simulation, a fast-spreading disease led to as much as […]

Subscribe for full access to The Hollywood ReporterSubscribe for full access to The Hollywood ReporterThe iconic red envelopes will be disappearing from mailboxes in September. By Alex Weprin Media & Business WriterIt’s the end of an era for Netflix.Twenty-five years after the company was founded, Netflix says it will wind down its legacy DVD-by-mail business. […]

Stocks muted as investors weigh earnings, Beige Book: Stock market news today  Yahoo Financesource

Stock market news today: Stocks rise as Wall Street rebounds from worst week of 2023  Yahoo Financesource

Discover Thomson ReutersBy Alun John4 Min ReadHONG KONG (Reuters) – Hong Kong’s markets watchdog on Thursday fined Goldman Sachs’s GS.N Asian business $350 million for its role in Malaysia’s multibillion-dollar 1MDB scandal, the largest single fine ever levied by the regulator in the Asian financial hub. The Securities and Futures Commission (SFC) said serious lapses […]

Discover Thomson ReutersBy Alun John3 Min ReadHONG KONG (Reuters) – Hong Kong’s central bank has sold more of its local currency so far this year than it did in any full year since the global financial crisis, in a bid to stop the unit strengthening and breaking its peg with the greenback.Capital has rushed into […]

China suspends business ties with NBA’s Houston Rockets over Hong Kong tweet  CNNsource

Discover Thomson ReutersBy Reuters Staff3 Min ReadHONG KONG (Reuters) – Walt Disney Co DIS.N will lose its option to buy a plot of land next to its Hong Kong theme park that was to allow for future expansion after the city’s government said on Wednesday it would not extend the option due to current economic […]

Businesses fear the worst for Hong Kong’s future  CNNsource