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...Shares of the Hong Kong-listed shipping and logistics subsidiary of Cosco, one of the world’s largest shipping groups, dipped 15 per cent after the company reported profits fell 86 per cent year on year...
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...Ed Tang, who co-runs the advisory business Art-Bureau out of Hong Kong, New York and London, is of a similar mind....
...When Pi Li left Hong Kong’s M+ contemporary art museum last year, it came as something of a surprise....
...Hong Kong Exchanges and Clearing reported a 13 per cent fall in profits for the fourth quarter on the back of subdued trading and fewer new listings....
...The once-dominant sectors of garments and shipping were witnessing a precipitous decline....
...As well as the proposed tourism zone around Sha Tau Kok, local officials have identified three other areas in the northern New Territories — the part of Hong Kong that abuts the mainland — for co-operation...
...Exhibitors at Art Basel Hong Kong were enthusiastic at this year’s VIP opening as the event returned to a full-scale, post-pandemic 242 galleries....
...So far this year, only five companies have listed in Hong Kong, raising a combined $279mn and reflecting a year-to-date drop of about 18 per cent from a year ago....
...He also warned that average daily turnover in Hong Kong’s stock market had remained low in the new year, “suggesting risk for further earnings cut”....
...China has called for safety of navigation in the Red Sea, where Iran-backed Houthi rebels have disrupted commercial shipping with drone and missile attacks in retaliation for Israel’s invasion of Gaza....
...“2023 represents a pivotal chapter in our corporate history,” said chair and co-chief executive Chen Lei. “We saw growing demand driven by encouraging consumer sentiment.”...
...The ministry said in a policy document on Wednesday that it would “guide” domestic EV companies to “communicate and co-operate with foreign counterparts”....
...The problem, as Hong Kong’s rage attests, is that it got them. leo.lewis@ft.com...
...Inter Miami said in a statement it was “sorry” Messi and Uruguayan striker Luis Suárez had not played in Hong Kong, citing injuries....
...Earnings: Robotics manufacturer Keyence, telecommunications operator KDDI and trading company Mitsui & Co announce results....
...Additional reporting by Chan Ho-him in Hong Kong...
...“From our industry’s perspective and from Hong Kong’s role as an international financial centre, we have our work cut out for us,” said Robert Lee, a Hong Kong lawmaker representing the financial services...
...In “Ma Tau Wai Road”, his sister Salah Pupul sings about the sounds of Hong Kong. Her lyrics are in English, while several other tracks are in Cantonese....
...Iran-backed Houthi rebels in Yemen have increased attacks on global shipping vessels moving through the Red Sea in response to Israel’s offensive in Gaza in recent months....
Warren Buffett-backed company loses some market share to sanctions-hit Chinese telecoms group
...The Chinese artificial intelligence group, listed in Hong Kong, fell as much as 18 per cent in morning trading....
...Hong Kong’s Hang Seng index rose 0.9 per cent, while China’s CSI 300 was flat in early trading....
...Taiwan Semiconductor Manufacturing Co reported stronger than expected profits in its fourth quarter results on Thursday....
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