Hong Kong Herald news

Hong Kongs Li purchases Dutch waste company for 944 mil. euros

A group of Li's companies including Cheung Kong Infrastructure said Monday they were buying AVR-Afvalverwerking BV. Li's companies said they were buying the company because it represents a "compelling long-term investment opportunity for the consortium." Van Gansewinkel Groep, which is selling the company, said the deal would close in the third quarter of 2013. The deal still ...
Poll backs Gov’t housing policy CE

Chief Executive CY Leung says a recent survey has shown Hong Kong people support a development project such as the planned North East New Territories New Development Area.Speaking to the media today, Mr Leung said Chinese University yesterday unveiled a survey on people's opinion of Hong Kong's land supply.He said about 80% of respondents believe Hong Kong has a land-supply shortage ...
Hong Kong investigates Snowdens NSA hacking claims

Protesters rally in Hong Kong to support Snowden: Hundreds of protesters stage a rally in rain-hit Hong Kong to urge the city's government not to extradite former spy Edward Snowden, and slam the US for its surveillance ...
HK dissidents dream refuge

Whistleblower Edward Snowden explained his decision to leak sensitive secrets and seek refuge in Hong Kong because, in his words, this city "has a strong tradition of free speech" and "a long tradition of protesting in the streets". He said he would leave his fate to be decided by the people of Hong Kong. Some would consider this as "youthful naivete or sheer ...
Hang Seng down by break

(40 mins ago) Hong Kong stocks slipped 0.64 percent by the end of morning trade as profit-takers moved in after a healthy rally in the previous session. The benchmark Hang Seng Index fell 135.81 points to 21,090.09 on turnover of HK$33.26 ...

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Last Updated on June 18, 1:30 PM CST

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Movie Review

Don McKay [Blu-Ray]

Jake Goldbergers directorial debut Don McKay is an offbeat neo-noir that features one of those convoluted scams whose slow and methodical revelation provides a great teal of tense pleasure, but once revealed is so inanely complicated and ridiculous that you have to wonder if it is all ... ...

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Hong Kong shares slip in weak trade cash shortage pinches China markets

Tue Jun 18, 2013 1:05am EDT * HSI -0.6 pct, H-shares -0.9 pct, CSI300 +0.3 pct * 'Big Four' China banks lackluster despite higher state stakes * Losses for China property deepen after home-price data * GCL-Poly, Shenzhou Intl tumble after share deals By Clement Tan HONG KONG, June 18 (Reuters) - Hong Kong shares slipped after two days of gains with investors selling recent outperformers ...
Passengers aboard flight from Hong Kong to New Jersey bound paranoid mans hands feet after poison claims

A battle is brewing between the federal government and the Canadian Automobile Dealers Association over the issue of making fuel economy labels on new vehicles ...
Hong Kong Stocks Drop on China Housing GCL-Poly Plunges

home prices will limit the scope for monetary easing. GCL-Poly Energy Holdings Ltd. plunged after a unit of China's sovereign-wealth fund agreed to sell a stake in the company. GCL-Poly sank 12 percent after Chengdong Investment Corp. offered 1.2 billion shares in the largest maker of materials used in solar ...
Hang Seng dips Shanghai edges up

(1 hr 1 min ago) Stocks in Hong Kong opened 0.74 percent lower as investors awaited a Federal Reserve meeting for clues on whether it will soon start to reel in its massive stimulus spending. The benchmark Hang Seng Index fell 156.54 points to 21,069.36 in the first minutes of trade. In Shanghai shares were up slightly in early trading, lifted by overnight gains in US stocks, dealers said. The ...
Hong Kong stocks off as China banks property down

HONG KONG (MarketWatch) -- Hong Kong stocks on Tuesday pulled back after a two-day rally amid uncertainty over the pace of the U.S. Federal Reserve's bond purchases, with Chinese property developers dropping after another strong monthly increase in home prices on the mainland. The Hang Seng ...

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On the record

Our nuclear programmes are completely transparent. But we are ready to show greater transparency and make clear for the whole world that the steps of the Islamic Republic of Iran are completely within international frameworks. The sanctions are unfair, the Iranian people are suffering, and our (nuclear) activities are legal. These sanctions are illegal and only benefit Israel.

Hassan Rouhani

Iran's president-elect was speaking after his historic election victory.

Hotel Review

New York Marriott Financial Center Hotel

I arrived by taxi to the hotel which is just a block from the former World Trade Center site. The ...

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News Survey

Should tax havens be forced to lift their shroud of secrecy?

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China's role in NSA 'snoopgate' leak questioned by GOP politician

Michigan Republican Rep. Mike Rogers said that China's role is questionable in light of Edward Snowden's leaking NSA secret intelligence and his subsequent fleeing to Hong Kong despite its extradition treaty with US.

Defending the NSA spy programme as an essential and life saving tool in the war on terrorism, Rogers said that Snowden is a traitor and not a hero, Washington Times reports.

Rogers further slammed Snowden and said that he grabbed up the information, made preparations to flee to China and bolted there.

White House Chief of Staff Denis McDonough defended the snooping programme said that it is crucial to protect the American people and there is a need to strike right balance between privacy and security.

Former Vice President Dick Cheney said that Snowden has committed crimes and his choosing Hong Kong to escape the US extradition is suspicious as no one would choose the place if interested in freedom of speech.

According to the report, Hong Kong reverted to Chinese sovereignty in 1997 but has some features of statehood, including an extradition treaty with the U.S., a pact China itself doesn't have. But Beijing has the right to veto extraditions on national security and diplomatic grounds. ...