Stocks in Asia Pacific were set to trade lower on Thursday after the U.S. Federal Reserve indicated on Wednesday that it would keep interest rates near zero through 2022.
Hong Kong crackdown on protests
A group of Hong Kong protesters who occupied parliament during last year’s demonstrations are facing ten years in jail after charges were upgraded from trespass to rioting.The decision came as …
Cathay stays out of Beijing’s grasp after Hong Kong bailout
When Cathay Pacific and its two largest shareholders suspended trading in their shares this week, Hong Kong’s business community held its breath. Speculation was rife that Beijing-backed Air China was …
Hong Kong OKs $5 billion bailout for Cathay Pacific Airways
Financially battered Hong Kong airline Cathay Pacific Airways has become the latest airline to resort to government support to survive the coronavirus pandemic. The Hong Kong government on Tuesday app …
HSBC, Standard Chartered criticized by top investor over support for China’s Hong Kong security law
A major shareholder in both HSBC and Standard Chartered has hit out at the banks over their support for China’s controversial new national security law in Hong Kong.
Aviva Investors rebukes HSBC, Standard Chartered over decision to support Hong Kong national security law
Aviva Investors publicly rebuked HSBC and Standard Chartered on Wednesday over their support of the controversial national security law for Hong Kong, saying it was “uneasy” with the decision.The asse …
Mike Pompeo criticises HSBC for backing Hong Kong security law
Mr Pompeo said the Chinese Communist Party’s (CCP) “browbeating” of HSBC “should serve as a cautionary tale”. He said that last week’s signing of a petition supporting the new leg …
UK must be able to raise Hong Kong, COVID issues with China, says Johnson
British Prime Minister Boris Johnson said on Wednesday that Britain must able to speak out about “serious concerns” about the origins of COVID-19, Hong Kong and the country’s critical national …
Fearing Arrest for Pro-democracy Activity in Hong Kong, Protestor Flees to Taiwan
As Beijing tightens control over Hong Kong, some Hong Kong residents who participated in months of pro-democracy protests are opting to self-exile to avoid being charged with the vaguely defined …
Mike Pompeo criticises HSBC for ‘corporate kowtow’ to China
The US secretary of state, Mike Pompeo, has criticised the British bank HSBC for supporting China’s move to end Hong Kong’s autonomy, calling it a “corporate kowtow”. Pompeo said the US was ready to …