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Hong Kong

Crisis becomes global crash

8 hrs ago

World equity markets plunged again Friday, ending a week-long dive that matched falls seen in the Great Crash of 1929. Wall St stocks were down sharply, while London's FTSE 100 and European indices also tumbled and Japanese...

Scots firm in running to take over troubled Cemtron

Published Date: 11 October 2008 LIVINGSTON-based Component Sense has revealed it plans to make a bid for a part of troubled engineering firm Cemtron, which fell into the hands of administrators earlier this week. The sale of...

Talk of the town: The Ivy Club's entrance is so white that it feels as if you're walking into a...

My pal Richard was over in London from Hong Kong so after drinks at the Chelsea Arts Club we went to the newly opened Ivy Club, adjacent to the eponymous restaurant in West Street. The entrance is so white that it feels as if...

Ashes of Time Redux - Cinema Three 1450, 2030

Dir: Wong Kar Wai 2008 Hong Kong 93 mins Subtitled Cast: Leslie Cheung, Maggie Cheung screenings from: Fri 10 - Thu 16 Oct The original Ashes of Time has a mythical reputation among Wong (In the Mood for Love) aficionados; a...

Chinese Tighten Dairy Regulations

Chinese tighten dairy rules amid growing reports of teens with kidney stones from tainted milk By TINI TRAN Associated Press Writer BEIJING October 10, 2008 (AP) Pghilippine Health Secretary Francisco Duque III holds a new list...

Strictly Come Dancing gets China edition

The British BBC dance competition programme, Strictly Come Dancing, received overwhelming response from audiences, and now the China edition is no different, attracting top celebrities from China and Hong Kong to battle it out...

Asia, too, feels the pain

HONG KONG: Can a region like Asia - with more than $3 trillion in foreign exchange reserves, high savings rates, mostly well-capitalized banks and minimal exposure to American mortgage-backed securities - run into trouble...

Global Credit Still In Deep Freeze

Governments around the world have slashed interest rates and ramped up their lending, but banks are still charging each other extremely high borrowing rates - a bad sign for the credit markets that remain close to paralysis.

Financial crisis: Markets in red across the globe

Hong Kong: The US financial crisis has hit stock markets a round the world hard. US stocks plunged in early Friday in line with markets in Europe and Asia. Andrew Stevens while reported from Hong Kong said the US may already be...

Credit crunch: Retirees in HK fear losing life savings

Hong Kong: Retirees in Hong Kong fear they may have lost their entire life savings. They say it is the banks that are to be blamed. One such retiree, Siu Pik Wah couldn't hold back the tears. “I invested 500,000 Hong Kong...

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