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Hong Kong News

  • Hong Kong Airlines is 'The Best Place to Work in Hong Kong' in 2016

    HONG KONG, 2016/05/15  Hong Kong Airlines, an internationally-acclaimed full-service airline, has once again won recognition for its achievements in talent management. Following the Employer of Choice Award 2015 presented by JobMarket magazine early this year, the Company won at 'The Best Place to Work in Hong Kong Awards' 2016 at the inaugural HR Summit & Expo HK yesterday. The Best Place to Work in Hong Kong Awards is organized by Diversified Communications Hong Kong, and supported by its strategic partner HRM Asia. The prestigious award honors outstanding enterprises' dedication to the well-being of their employees.
  • Asian Shares Fall Amid Lack Of Triggers

    CHINA, 2016/03/16 Asian shares slid from a 10-week high on Tuesday as oil prices fell again on oversupply concerns and the Bank of Japan preferred to stand pat on rates next its amaze January decision to adopt negative interest rates. Lackluster cues from Wall Street, a weaker yuan and profit taking next recent sharp gains as well kept investors on edge ahead of a two-day Federal Reserve monetary policy conference that gets underway tonight. Chinese shares recouped early losses to end modestly higher next sharp gains the previous day. The benchmark Shanghai Composite closed 4.87 points or 0.17 % higher at 2,864.37 next falling around 1 % before in the session. Hong Kong's Hang Seng index dropped 146.57 points or 0.72 % to 20,288.77.
  • Asian Markets Retreat After Oil Prices Fall Again

    CHINA, 2016/01/26 Asian stock markets retreated on Tuesday, snapping a two-day winning streak, following the weak cues overnight from Wall Street and the pullback in oil prices. Investors as well treaded cautiously ahead of monetary policy statements by the U.S. Federal Reserve and the Bank of Japan later in the week. The Japanese market is notably lower, with the negative lead from Wall Street and the fall in oil prices denting risk appetite. Additionally, a stronger yen hurt exporters' stocks. In late-morning trades, the benchmark Nikkei 225 Index is declining 319.08 points or 1.86 % to 16,791.83, off a low of 16,683.64 in early trades.
  • Global growth will be disappointing in 2016: IMF's Lagarde

    AFGHANISTAN, 2016/01/02 World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide. Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.
  • Gold price closes down in Hong Kong

    HONG KONG, 2015/11/23 The gold price in Hong Kong went down 42 HK dollars to close at 10,060 HK dollars per tael on Thursday, according to the Chinese Gold and Silver Exchange Society.
  • APEC economies growth slows to 3.1 pct in Q2

    BRUNEI , 2015/11/18 Increase among the 21 Asia-Pacific Economic Cooperation (APEC) economies softened to 3.1 % in the second quarter of 2015, down from 3.2 % in the initial quarter and 3.4 % a year ago, according to an APEC economic analysis released on Tuesday. The statement said the increase slowdown reflected the prolonged weakness in world economic activity as the modest recovery in advanced economies was matched by a general slowdown in emerging market economies. The moderation in GDP levels could be attributed to declining investments and lacklustre exports, according to the statement. "Economies across the Asia-Pacific continue to grow but find themselves in a holding pattern of lower increase in the absence of high trade volumes," said Alan Bollard, Executive Director of the APEC Secretariat.
  • HK chief executive, Indian FM exchange views on mutual concern issues

    INDIA, 2015/09/30 The chief executive of Hong Kong Appropriate Administrative Region, Leung Chun-ying, Monday met the visiting the finance minister of India, Arun Jaitley, at the chief executive's office to exchange views on issues of mutual concern. Leung said that Hong Kong, as an international financial and trade center, is an excellent gateway for Indian enterprises to enter the market in the China's mainland. He encouraged additional Indian enterprises to set up business in Hong Kong to leverage on the city's dual advantages of "one country" and "two systems" and its role as "super-connector" to open up additional business opportunities.
  • Revised IMF forecasts signal gloom on global economic outlook

    AFGHANISTAN, 2015/01/20 Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday. In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.
  • Oxfam Study Finds Richest 1% Is Likely to Control Half of Global Wealth by 2016

    AFGHANISTAN, 2015/01/20 The richest 1 % are likely to control additional than half of the globe’s total wealth by next year, the charity Oxfam reported in a study released on Monday. The warning about deepening world inequality comes just as the world’s business elite prepare to meet this week at the annual World Economic Forum in Davos, Switzerland. The 80 wealthiest people in the world all own $1.9 trillion, the statement found, nearly the same all shared by the 3.5 billion people who occupy the bottom half of the world’s gain scale. (Last year, it took 85 billionaires to equal that figure.) And the richest 1 % of the people, who number in the millions, control nearly half of the world’s total wealth, a share that is as well increasing.
  • Cheung Kong shares up 19%, Hutchison 15% on deal

    HONG KONG, 2015/01/13 Shares of Cheung Kong and Hutchison Whampoa each jumped additional than 15 % at the start of Hong Kong trading, following a radical move on Friday to reorganise the two flagship companies of Li Ka-shing. The transaction - an effective merger of the two companies, plus a spin-off of their property units into a new, separately-listed company - was meant to unlock price in both. Assuming shareholder approval the transaction is expected to close in June.