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July 6, 2020
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CNBC Business

How Hong Kong beat coronavirus and avoided lockdown

CNBC
CNBC – For more and to sign up click here When Apple closed its retail stores around the globe amid the coronavirus pandemic, a handful of outlets were exempt, including its six locations in Hong Kong. In fact, much of Hong Kong has felt relatively normal this year compared with......
CNBC Business

Hundreds arrested in Hong Kong protests, as analysts weigh in on national security law’s impact

CNBC
CNBC – For more and to sign up click here Protesters chant for five demands during street protests on Hennessy Road, Wan Chai, Hong Kong, China on July 1, 2020. Tommy Walker | NurPhoto | Getty Images About 370 protesters were arrested in Hong Kong on Wednesday — 10 of......
CNBC Business

UK says ‘we will not duck our historic responsibilities’ to Hong Kongers, offers path to citizenship

CNBC
CNBC – For more and to sign up click here In this photo taken in Hong Kong on June 3, 2020, Reese Tan, a 25-year old tutor, poses with his British National (Overseas), or BN(O), in his favorite part of the city and the place he would miss the most......
CNBC Business

How China’s national security law could change Hong Kong forever

CNBC
CNBC – For more and to sign up click here Hong Kong’s status as one of the world’s most prominent financial hubs appears to be under threat.  Beijing has unanimously passed a new national security law for the territory, which some experts warn has the potential to erode the very......
CNBC Business

Threatening sanctions over Hong Kong is the ‘logic of bandits,’ Chinese official says

CNBC
CNBC – For more and to sign up click here A barge displays the words ‘Celebrate national security law’ on Victoria Harbour on July 1, 2020 in Hong Kong. Anthony Kwan | Getty Images BEIJING — As geopolitical tensions rise over the central government’s growing grip on Hong Kong, a Chinese......
New York Post

China passes controversial national security law for Hong Kong

NYPost
HONG KONG — Hong Kong media are reporting that China has approved a contentious law that would allow authorities to crack down on subversive and secessionist activity in Hong Kong, sparking fears that it would be used to curb opposition voices in the semi-autonomous territory. The South China Morning Post......
CNBC Business

China reportedly passes national security law for Hong Kong

CNBC
CNBC – For more and to sign up click here Hong Kong Police Guard of Honour raises a Chinese national flag and a Hong Kong flag during a flag raising ceremony at the Golden Bauhinia Square on June 15, 2020 in Hong Kong, China. Anthony Kwan | Getty Images The......
CNBC - Real Estate

Hong Kong’s office market is ‘under some pressure’: Colliers International

CNBC Real Estate
Cities like Singapore, Bangalore and Melbourne look the most promising in the Asia-Pacific’s office markets, says Andrew Haskins of Colliers International. He also discusses how the Hong Kong office market is currently “under some pressure,” with office rents expected to decline for the second consecutive year. CNBC – For more......
CNBC Business

Senate backs bill to punish China over Hong Kong

CNBC
CNBC – For more and to sign up click here This picture taken on December 19, 2017 shows the Chinese (top) and Hong Kong flags hoisted in Hong Kong. Anthony Wallace | AFP | Getty Images The U.S. Senate passed legislation on Thursday that would impose mandatory sanctions on people......
CNBC Business

China unveils details of national security law for Hong Kong amid backlash

CNBC
CNBC – For more and to sign up click here Hong Kong police control access to a street in the central Mongkok neighbourhood during the demonstrations. A new wave of protests rise in Hong Kong at the news that the Chinese government will unilaterally pass the National Security Law 23.......
Reuters - Business

Global stocks retreat as investors fret over coronavirus relapse

Reuters
TOKYO/WASHINGTON (Reuters) – Asian stocks and Wall Street futures fell on Thursday as spiking coronavirus cases in some U.S. states and in China dented hopes of a quick global economic comeback from the pandemic. FILE PHOTO: A man wearing a protective face mask, following the coronavirus disease (COVID-19) outbreak, is......
Reuters - Business

Stocks grind higher on recovery hopes

Reuters
LONDON/SYDNEY (Reuters) – Europe’s shares added to their best gains in almost a month as safety plays lost their lustre on Wednesday, with hopes of a rapid economic recovery standing firm against a resurgence of global coronavirus cases. FILE PHOTO: Pedestrians leave and enter the London Stock Exchange in London,......
Reuters - Business

HSBC revives 35,000 job cut plan after pandemic pause

Reuters
LONDON (Reuters) – HSBC is resuming plans to cut around 35,000 jobs which it put on ice after the coronavirus outbreak, as Europe’s biggest bank grapples with the impact on its already falling profits. FILE PHOTO: A woman wearing a protective face mask walks past a logo of HSBC bank......
CNBC Business

‘Very healthy’ pipeline of IPOs are flocking to Hong Kong as U.S.-China tensions ramp up

CNBC
CNBC – For more and to sign up click here NetEase Games logo is seen above the company’s booth one day before the 2019 China Digital Entertainment Expo & Conference (ChinaJoy) at Shanghai New International Expo Center on August 1, 2019 in Shanghai, China. VCG | Getty Images There’s a......
Reuters - Business

HSBC revives plan to axe 35,000 jobs, memo shows

Reuters
FILE PHOTO: A woman wearing a protective face mask walks past a logo of HSBC bank at the financial and business district of La Defense near Paris as France begun a gradual end to a nationwide lockdown due to the coronavirus disease (COVID-19), May 11, 2020. REUTERS/Gonzalo Fuentes LONDON (Reuters)......
Reuters - Business

Asia stocks turn cautious on virus surge, geopolitics

Reuters
SYDNEY (Reuters) – Asian share markets took a cautious turn on Wednesday as a resurgence of global coronavirus cases challenged market confidence in a rapid economic recovery, even as the rebound in U.S. retail sales in May broke all records. FILE PHOTO: A visitor takes a photograph of a board......
Reuters - Business

Asian business sentiment plunges to record low on virus effect: Thomson Reuters/INSEAD survey

Reuters
SINGAPORE (Reuters) – Business sentiment of Asian companies sank to an 11-year low in the second quarter, a Thomson Reuters/INSEAD survey found, with some two-thirds of the firms polled flagging a worsening COVID-19 pandemic as the biggest risk over the next six months. FILE PHOTO: A worker wearing a protective......
CNBC Business

U.S. and China both topple in rankings of the best places to work and do business

CNBC
CNBC – For more and to sign up click here While major countries vie for economic dominance, smaller nations could actually be more effective locations for individuals to work and do business in, according to a new report. The U.S. and China both flopped in the 2020 World Competitive Ranking......
CNBC Business

Huawei CFO raises new argument to fight U.S. extradition in Canada court

CNBC
CNBC – For more and to sign up click here Meng Wanzhou, chief financial officer of Huawei Technologies Co., leaves the Supreme Court in Vancouver, British Columbia, Canada, on Tuesday, Oct. 1, 2019. Trevor Hagan | Bloomberg | Getty Images Huawei Chief Financial Officer Meng Wanzhou is raising a new......
Reuters - Business

Huawei CFO raises new argument to fight U.S. extradition in Canada court

Reuters
VANCOUVER/NEW YORK (Reuters) – Huawei Chief Financial Officer Meng Wanzhou is raising a new argument in a Canadian court in a bid to fight extradition to the United States on bank fraud charges, court documents released on Monday showed. FILE PHOTO: Huawei Technologies Chief Financial Officer Meng Wanzhou leaves her......

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