UBS Group gears up for fresh wave of job reductions
UBS Group is reportedly gearing up for another wave of workforce reductions following its acquisition of Credit…
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Hong Kong
Morgan Stanley terminates jobs in Asia
Morgan Stanley is trimming its investment banking workforce in Asia Pacific by at least 50 positions, sources…
Chinese Shimao receives wind-up petition in H. Kong
Chinese developer Shimao Group received a liquidation petition from China Construction Bank (Asia) against it in…
H. Kong retail sales up 1.9% in Feb.
Hong Kong's retail sales continued to rise for the 15th consecutive month in February, driven by growth in tourism…
Yuan rises as preferred carry trade currency
The yuan is emerging as a preferred funding currency for carry trades in the global market, following Japan’s shift…
H. Kong holds base rate unchanged at 5.75%
The Hong Kong Monetary Authority (HKMA) kept its base rate at 5.75 per cent in line with the US Federal Reserve's…
Mainland Chinese buyers drive Hong Kong property surge
Mainland Chinese buyers are flocking to Hong Kong's property market, making up 20 to 30 per cent of new home sales,…
China Vanke receives govt. support amid property crisis
China’s government stepped in to bolster China Vanke, a state-backed property firm currently facing financial…
China solar stocks soar on curtailment relief hopes
Chinese solar stocks soared on Monday as investors expected the government to ease limits on solar power…
H. Kong lefts property curbs to revive market
Hong Kong announced significant measures to boost its struggling real estate market by eliminating all tightening…
