Hong Kong Herald news

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 ...
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 Kong Weather
30°C Partly Cloudy
Winds: From the WNW at 6 MPH

Thu

32° 27°

Fri

32° 27°

Sat

32° 26°

Last Updated on June 19, 9:30 AM CST

Weather sourced from Weather Underground

Movie Review

WR: Mysteries of the Organism (WR: Misterije organizma) [DVD]

Dusan Makavejev's infamous WR: Mysteries of the Organism (WR: Misterije organizma), a quasi-documentary that simultaneously mocks both communism and consumerism while advocating liberated sexuality as the ultimate force in the world, is fascinating ... ...

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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 ...
Hang Seng dips at open

(2 mins ago) Stocks in Hong Kong fell 0.18 percent at the open as dealers await the outcome of a US Federal Reserve policy meeting for an idea of its plans for its vast stimulus scheme. The benchmark Hang Seng Index fell 37.48 points to 21,188.40 in the first few minutes of ...
Hong Kong shares to open down 0.2 pct Mengniu jumps after Yashili offer

HONG KONG, June 19 | Tue Jun 18, 2013 9:29pm EDT HONG KONG, June 19 (Reuters) - Hong Kong shares are poised to start lower on Wednesday, with high yielding names in the local property and utilities sectors mostly weaker as investors await the outcome of a two-day U.S. Federal Reserve rate-setting meeting later in the day. The Hang Seng Index was set to open down 0.2 percent at 21,118.4 ...
Hong Kong shares seen subdued ahead of Fed policy guidance

HONG KONG, June 19 | Tue Jun 18, 2013 9:11pm EDT HONG KONG, June 19 (Reuters) - Hong Kong shares may start lower on Wednesday, with turnover likely weak as most investors stay on the sidelines awaiting the outcome of a two-day U.S. Federal Reserve rate-setting meeting later in the day. On Tuesday, the Hang Seng Index closed flat at 21,225.88 points, while the China Enterprises Index of ...
Profit Drops At Hong Kong Billionaire Cheng Yu-tungs Chow Tai Fook Jewelry Chain

Chow Tai Fook, the Hong Kong-based jewelry chain controlled by billionaire Cheng Yu-tung, on Monday net profit fell by 13% in the 12 months to March 31 amid slower economic growth and retail sales gains in mainland China last ...

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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

Grand Hyatt Dubai

I drove up to one of Dubai's newest luxury hotels, the Grand Hyatt Dubai, with it's towers majestically standing watch ...

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News Survey

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

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Featured Story

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. ...