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  • Tough action on guesthouses working

    The rising number of convictions against unlicensed guesthouses in recent years reflects the strength of the Government's enhanced enforcement efforts.This was the message fromSecretary for Home Affairs Tsang Tak-sing to lawmakers today.He said the operation of guesthouses in Hong Kong is regulated by the Hotel & Guesthouse Accommodation Ordinance to ensure premises meet building and ...

  • Hong Kong can showcase freedom over Snowden China media

    BEIJING, June 19, 2013 (AFP) - Hong Kong can showcase its democratic pedigree by its handling of the Edward Snowden case, Chinese state media said Wednesday, in comments appearing to distance Beijing from any decision on his possible extradition. The semi-autonomous territory -- which has a separate legal system to mainland China -- has the opportunity of "proving itself a free society in ...

  • Hong Kong to Follow Up on Snowden’s Claims of U.S. Hacking

    Hong Kong's government is investigating claims by former National Security Agency contractor Edward Snowden that the U.S. had attacked computers in the city. Police haven't received complaints regarding the alleged hacking, Lai Tung-kwok, Hong Kong's security secretary told the Legislative Council today. Snowden, who fled to Hong Kong after leaking classified documents about U.S. ...

  • China shares test fresh 6-mth lows on dashed easing hopes Hong Kong sinks

    Wed Jun 19, 2013 12:43am EDT * Indexes: HSI -1.2 pct, H-shares -1.8 pct, CSI300 -1.3 pct * Reported IPO resumption, property tax expansion hit A-shares * Defensives slide in HK as investors await Fed outcome * Mengniu spikes after $1.6 bln Yashili takeover offer By Clement Tan HONG KONG, June 19 (Reuters) - China shares tested six-month lows, sinking Hong Kong markets, as a cash squeeze in the ...

  • China stocks fall with financials weighing Hong Kong Shanghai lower

    Chinese and South Korean stocks fall on caution ahead of the Federal Reserve's monetary-policy decision later in the day, while Japanese shares rally on a weaker yen and strong overnight gains on Wall ...


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Last Updated on June 19, 1:30 PM CST
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Movie Review

Boiler Room [DVD]

Boiler Room [DVD]

Ben Younger's "Boiler Room" is about a small-time crook who tries to go legit, but ends up unwittingly becoming a big-time crook. It's a capitalistic cautionary tale about the dangers of the new American Dream in the era of "Who Wants to Be A Millionare" and Internet stocks going through the roof overnight: trying to get too rich too quick. ...

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  • Hong Kong Stocks Drop Ahead of Fed China Mengniu Surges

    stocks fell amid low trading volume before the outcome of a Federal Reserve meeting, with finance and developer shares sliding. China Mengniu Dairy Co. soared after bidding for a local baby-foods maker. China Resources Land Ltd. lost 1.9 percent to lead property companies ...

  • Scottish firms urged to set up business in Hong Kong

    SCOTT WRIGHT InvestHK, the government agency that helps overseas firms locate in Hong Kong, set out the commercial case for the territory as a "springboard" to growth in south-east Asia at an event in Glasgow yesterday. Director-general Simon Galpin highlighted the low-tax economy, burgeoning tourism industry, demand for luxury goods, low crime rate and ease of doing business as ...

  • Cathay Pacific traffic figures for May 2013

    Cathay Pacific Airways released combined Cathay Pacific and Dragonair traffic figures for May 2013 that again show a year-on-year drop in the number of passengers carried and cargo and mail tonnage. Cathay Pacific and Dragonair carried a total of 2,338,703 passengers in May – a drop of 0.8% compared to the same month last year. The passenger load factor was up by 0.5 percentage points ...

  • Hong Kong Investigates HSBC for Manipulating Rates

    Hong Kong's de facto central bank said on Tuesday that its investigation into possible benchmark rate manipulation has been extended to include HSBC and a number of other banks.The Hong Kong Monetary Authority (HKMA) announced in December that it was investigating UBS about possible misconduct relating to its submissions for the Hong Kong Interbank Offered Rate ...

  • Hong Kongs Offshore Trade Surging HKTDC Study

    Export Index at Two-Year High; Prospects Remain Challenging Hong Kong, June 19, 2013 - (ACN Newswire) - Offshore trade as a share of Hong Kong's overall commercial activity has surged from less than 19 per cent in 1988 to 65 per cent in 2012, according to the "Offshore Trade Survey," which completed recently by the Hong Kong Trade Development Council (HKTDC). Results reveal how ...

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