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The Latest Breaking News from Hong Kong

Markets sink as talk of Pelosi Taiwan trip fans China-US tension

Hong Kong (AFP) - Asian markets tumbled Tuesday on geopolitical fears after reports that House Speaker Nancy Pelosi would visit Taiwan fanned China-US tensions.

AFP

Alibaba, JD, Nio Fall In Hong Kong As Nancy Pelosi's Taiwan Plan Keeps Markets On Edge

Hong Kong’s benchmark Hang Seng Index opened in the red, losing over 2.5% in opening trade, following the trend in broader Asian markets after reports emerged that U.S. House Speaker Nancy Pelosi was to arrive in Taiwan on Tuesday. China has issued a strongly worded statement saying it will take…

Benzinga

Issuing fresh sanctions on Iran, US targets Chinese, UAE firms

The firms were being used by Iran to facilitate the sale of Iranian oil and petrochemical products, the US said.

Al Jazeera

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US sanctions UAE, Hong Kong firms that ship Iranian oil

The U.S. has sanctioned a United Arab Emirates-based firm and several Asian companies for facilitating the illicit sale of millions of dollars’ worth of Iranian oil for shipment to East Asia

The Independent UK

US Targets Chinese Firms in New Iran Oil Sanctions

The United States on Monday imposed sanctions on Chinese and other firms it said helped to sell tens of millions of dollars' in Iranian oil and petrochemical products to East Asia as it seeks to raise pressure on Tehran to curb its nuclear program. The US Treasury and the US…

Asharq Al-Awsat

Alibaba Eyes Hong Kong Primary Listing as Hedge to U.S. Delisting Threat

Key Takeaways: Alibaba said it expects the upgrade of its secondary Hong Kong listing to primary listing status to be complete by the end of 2022 The SEC has placed Alibaba on a list of Chinese firms facing potential delisting as the deadline nears for U.S.-listed Chinese firms to comply…

Benzinga

Alibaba striving to maintain US listing amid delisting fears

Chinese e-commerce firm Alibaba said Monday that it would strive to maintain its listing status both in New York and Hong Kong, days after U.S. regulators included it in a list of companies facing possible delisting if they don't meet auditing requirements

The Independent UK

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HSBC H1 pre-tax profit falls, dismisses calls for split

Hong Kong (AFP) - HSBC bank on Monday said pre-tax profit fell in the first half, and appeared to rebuff calls to spin off its Asian activities on the eve of a key shareholder meeting.

AFP

Hong Kong economy tips into technical recession

Hong Kong (AFP) - Hong Kong has tipped back into a technical recession, new government figures showed Monday, weighed down by mounting interest rates, weakened global trade and the city's continued adherence to strict coronavirus controls.

AFP

Asian markets rise as traders weigh rates outlook, China data

Hong Kong (AFP) - Asian markets mostly rose Monday and oil fell as investors brushed off both weak data from China and comments indicating the Federal Reserve is wedded to its anti-inflation rate hike campaign.

AFP

Macau to reopen after Covid sinks gaming revenue to record low

Hong Kong (AFP) - Macau was set to remove most coronavirus restrictions on Tuesday after the casino hub's gaming revenue hit its lowest level on record.

AFP

Hong Kong Sevens fans can drink, but not eat, in stands

Hong Kong (AFP) - Rugby fans in the stands at November's Hong Kong Sevens will be allowed to drink, but not eat, with masks having to be worn between sips, an official said on Monday.

AFP

HSBC H1 pre-tax profit falls, says to pay quarterly dividends

Hong Kong (AFP) - HSBC on Monday said pre-tax profit fell in the first half of 2022 but it intends to resume quarterly dividends next year as its annual outlook remained positive.

AFP

Asian shares advance, Hong Kong sags on weak factory data

Shares are mostly higher in Asia after a strong close on Wall Street last week, though the latest manufacturing surveys showed weakening factory activity in the region's biggest economies

The Independent UK

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AFP

Alibaba shares extend losses on US delisting fear

Hong Kong (AFP) - Chinese e-commerce giant Alibaba led technology stocks lower in Hong Kong on Monday after US authorities put it on a watchlist that could see it delisted in New York if it does not comply with disclosure orders.

AFP

Asian markets mixed as traders weigh rates outlook, China data

Hong Kong (AFP) - Asian markets were mixed Monday and oil fell as investors assessed data showing further weakness in China's economy and comments from Federal Reserve officials showing it was wedded to its campaign of interest rate hikes to fight inflation.

AFP

Unit of Chinese property giant Evergrande ordered to pay $1.1 billion

Beijing (AFP) - A unit of embattled Chinese developer Evergrande has failed to repay its loans and must pay a guarantor $1.1 billion, the company said in a Hong Kong stock exchange filing.

Bangkok Post

Organisers of shows in Hong Kong face temporary ban on large stage sets

HONG KONG: Concert organisers may be barred from installing large stage sets for coming shows until the full completion of a probe into a shocking accident involving boy band Mirror, the city's culture minister has said.

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AFP

Covid-hit Macau reopens beaches but bans swimming

Hong Kong (AFP) - Macau beachgoers were left high and dry as the Chinese gambling hub reopened two beaches on Saturday but banned swimming and water sports, citing coronavirus concerns.

AFP

Hong Kong Sevens to return in November after Covid hiatus

Hong Kong (AFP) - Hong Kong's rugby sevens tournament will return after a three-year coronavirus pandemic hiatus, organisers confirmed Saturday, with the event likely adopting a Beijing Olympics-style "closed-loop" system.

Reuters

Rugby-Hong Kong Rugby Sevens to be held in Nov after 3-year COVID break

Bangkok Post

Healthy earnings, less aggressive Fed lift shares

Recap: European and US stocks advanced yesterday amid positive corporate earnings reports and the prospect of less aggressive rate hikes from the US Federal Reserve. Hong Kong and Chinese markets pulled back as tech stocks corrected and the Chinese government signalled limited new stimulus ahead.

Irish Mirror

Shocking moment huge screen crushes dancer on stage during performance

A back-up dancer for the Cantopop boy band Mirror is in intensive care while another is being treated following the gig in Hong Kong

Benzinga

3D Medicines Bleeds Red Ink As It Struggles to Swim in 'Red Ocean'

Key Takeaways: 3D Medicines competes for a share in an already hotly contested and very small market, potentially dimming its appeal to investors

Asharq Al-Awsat

Ultra-fast Fashion Charms Young Despite Damaging Environment

So-called "ultra-fast fashion" has won legions of young trend-setting fans who snap up relatively cheap clothes online amid surging inflation, but the booming genre masks darker environmental problems. Britain's Boohoo, China's SHEIN and Hong Kong's Emmiol operate the same internet-based business model -- produce items and collections at breakneck speed…

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