Global equity markets rebounded on Monday on optimism the European Union would agree on a recovery fund to help revive regional economies hit by the coronavirus, but worries about the pandemic’s economic and human toll pushed gold prices higher.
Hong Kong’s banking regulator said it would relax commercial property mortgage rules, in a move to boost liquidity in a market that has been hit hard by US-China trade tensions, violent street protests last year and the coronavirus crisis.
US asset manager Vanguard Group will close its Hong Kong and Japan operations and cut jobs across both locations as it shifts its Asian headquarters to Shanghai, it said.
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. The pandemic will cost the global economy as much as $4.1 trillion, or nearly 5% of all economic activity,
Against the vivid backdrop of a giant aquarium filled with sharks, manta rays and other aquatic life, a Yoga group on Thursday performed side planks, chair poses and lunges, their arms outstretched to the ceiling.
Hong Kong Trade Development Council (HKTDC) invited traders from the UAE and the region to participate their upcoming international trade fairs on a variety of industries.
Shares in firms linked to Chinese online retail titan Alibaba were mixed on Friday a day after rallying on a report it had filed for a Hong Kong listing that could be the city’s biggest initial public offering for almost a decade.
The Ministry of Finance (MoF) signed an agreement to encourage and protect investments between the UAE and the Hong Kong Government, as part of the ministry’s efforts to protect the nation’s investments abroad and to attract foreign investments.
Hong Kong’s August retail sales were the worst on record, the government said, as escalating anti-government protests that have gripped the Chinese-ruled city for nearly four months scared off tourists and battered spending.