Hong Kong Investigates HSBC for Manipulating Rates

CNBC - Tuesday 18th June, 2013

Hong Kong's de facto central bank said on Tuesday that its investigation into possible benchmark rate manipulation has been extended to include HSBC and a number of other banks.The Hong Kong Monetary Authority (HKMA) announced in December that it was investigating UBS about possible misconduct relating to its submissions for the Hong Kong Interbank Offered Rate ...

Hong Kongs Offshore Trade Surging HKTDC Study

General Sources - Tuesday 18th June, 2013

Export Index at Two-Year High; Prospects Remain Challenging Hong Kong, June 19, 2013 - (ACN Newswire) - Offshore trade as a share of Hong Kong's overall commercial activity has surged from less than 19 per cent in 1988 to 65 per cent in 2012, according to the "Offshore Trade Survey," which completed recently by the Hong Kong Trade Development Council (HKTDC). Results reveal how ...

Hang Seng dips at open

The Standard - Tuesday 18th June, 2013

(2 mins ago) Stocks in Hong Kong fell 0.18 percent at the open as dealers await the outcome of a US Federal Reserve policy meeting for an idea of its plans for its vast stimulus scheme. The benchmark Hang Seng Index fell 37.48 points to 21,188.40 in the first few minutes of ...

Hong Kong shares seen subdued ahead of Fed policy guidance

Reuters - Tuesday 18th June, 2013

HONG KONG, June 19 | Tue Jun 18, 2013 9:11pm EDT HONG KONG, June 19 (Reuters) - Hong Kong shares may start lower on Wednesday, with turnover likely weak as most investors stay on the sidelines awaiting the outcome of a two-day U.S. Federal Reserve rate-setting meeting later in the day. On Tuesday, the Hang Seng Index closed flat at 21,225.88 points, while the China Enterprises Index of ...

Profit Drops At Hong Kong Billionaire Cheng Yu-tungs Chow Tai Fook Jewelry Chain

Forbes - Tuesday 18th June, 2013

Chow Tai Fook, the Hong Kong-based jewelry chain controlled by billionaire Cheng Yu-tung, on Monday net profit fell by 13% in the 12 months to March 31 amid slower economic growth and retail sales gains in mainland China last ...

Scholar urges Hong Kong to address cultural gap

China Daily - Tuesday 18th June, 2013

/enpproperty--> A top Hong Kong scholar has called on the special administrative region to bridge cultural and social differences with the mainland, in a bid to boost its waning competitiveness. In a report published on Tuesday, Gui Qiangfang, president of the China Institute of City Competitiveness, said Hong Kong's comprehensive competitiveness, including social, environmental ...

Cathay Pacific to revamp first class BOSE headphones more personal space

ABT - Tuesday 18th June, 2013

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Hong Kong probes HSBC other banks for alleged misconduct

The Star - Tuesday 18th June, 2013

HONG KONG: Hong Kong's de facto central bank said that its investigation into possible benchmark rate manipulation has been extended to include HSBC and a number of other banks. The Hong Kong Monetary Authority (HKMA) announced in December that it was investigating UBS about possible misconduct relating to its submissions for the Hong Kong Interbank Offered Rate (Hibor). "Apart from ...

US State Department Screaming passenger who disrupted Hong Kong flight once worked at agency

Canada.com - Tuesday 18th June, 2013

NEWARK, N.J. - A U.S. State Department spokeswoman says a man who ranted about national security and screamed "I'm dead" during a flight from Hong Kong once worked at the agency. The spokeswoman said Tuesday that the passenger ended his time at the department in 2006. She gave no details about his job or why he no longer works there. The man started screaming nine hours into a ...

HK probes HSBC over rate rigging

General Sources - Tuesday 18th June, 2013

HONG KONG: Hong Kong’s de facto central bank said yesterday that its investigation into possible benchmark rate manipulation has been extended to include HSBC and a number of other banks. The Hong Kong Monetary Authority announced in December that it was investigating UBS about possible misconduct relating to its submissions for the Hong Kong Interbank Offered Rate. The move is the latest ...

Edward Snowdens father tells him to stop leaking

The Telegraph - Tuesday 18th June, 2013

Lon Snowden, the father of US intelligence whistleblower Edward Snowden, has urged his son to stop leaking, not to do anything treasonous and to return ...

Hong Kong Welcomes Edward Snowden to the Neighborhood

The Atlantic - Tuesday 18th June, 2013

Edward Snowden has emerged as a popular figure in Hong Kong, where he has been based since fleeing the U.S. (Kin Cheung/AP) HONG KONG -- It may still be early in Edward Snowden's attempt to find safe haven here, but a new poll and a weekend rally demanding that the local government protect Snowden indicate that the people and government of this semi-autonomous region of China may be taking ...

Hong Kong Flat in cautious trade

General Sources - Tuesday 18th June, 2013

STOCKS ended flat yesterday in cautious trade as investors wait to see what the US Federal Reserve's plans are for its stimulus scheme. The benchmark Hang Seng Index edged down 0.02 point to 21,225.88. Mark To, head of research at Wing Fung Financial, said volumes had been thin as investors await the Fed policy committee's decision on QE. "Levels are neither very attractive nor ...

A Government Building A Tech Scene Hong Kongs Cyberport

General Sources - Tuesday 18th June, 2013

Cyberport HK is a 1 million square foot office, coworking space, incubator and hotel in Hong Kong. Hong Kong-based tech community, Cyberport HK, is not your average incubator and coworking space. For one thing, it's huge. With 1 million square feet of tech-centric office space located about 15 minutes from central Hong Kong, Cyberport is a boon to the 150+ companies that call it home and ...

Hong Kong dolphin numbers dwindling quickly

General Sources - Tuesday 18th June, 2013

View Photo AFP/AFP/File - A Chinese white dolphin swims in waters off the coast of Hong Kong on March 17, 2012. Conservationists Tuesday warned that the number of rare Chinese white dolphins in Hong Kong waters has ...

Gregory So visits design firms

General Sources - Tuesday 18th June, 2013

Secretary for Commerce & Economic Development Gregory So visited two Hong Kong design firms today to discuss promoting the wider use of design in industrial and business processes.He first stopped at a brand consultancy company at the InnoCentre in Kowloon Tong, which adopts a holistic approach to brand design covering brand development, corporate identity, interior design and visual ...

Warning issued on oral product

news.gov.hk - Tuesday 18th June, 2013

The Department of Health today urged people not to buy or consume Wei C Yin Qiao Pian, as it may contain dangerous drug ingredients.The Hospital Authority informed the department that a 41-year-old woman was sent to Princess Margaret Hospital in October with rhabdomyolysis and hypokalemia. Her blood potassium level was found to be low.She recently told her doctor she had consumed the ...

Fatal traffic accident investigated

news.gov.hk - Tuesday 18th June, 2013

Police are appealing for information about a traffic accident in Tseung Kwan O today in which a 78-year-old woman died.She was struck by a rubbish truck that was entering a school on Mau Tai Road about 1.48pm.Sustaining serious injuries to her lower body, she was sent to Queen Elizabeth Hospital and later died.Witnesses should call Police on 2305 7575 or 2305 ...

HK murals move to Tin Shui Wai

news.gov.hk - Tuesday 18th June, 2013

The 'Hong Kong: Our Home' art display will be shown at Ping Shan Tin Shui Wai Leisure & Cultural Building from today until August 11.The display, which has been on show at the History Museum, features two giant paintings showing the cityscape of Hong Kong on both sides of Victoria Harbour, and was created as part of the 'Hong Kong: Our Home' Campaign launch ceremony on ...

3 arrested for drug trafficking

news.gov.hk - Tuesday 18th June, 2013

Customs officers arrested three people after seizing 7.5kg of cannabis resin worth $1.55 million yesterday.They inspected an air cargo shipment declared as box samples from India on June 14. The resin was found concealed in the wooden rods of 58 embroidery paintings.They raided a flat in Yau Ma Tei and seized another 11kg of cannabis resin, also found concealed in the wooden rods of 80 ...

40 good citizens applauded

news.gov.hk - Tuesday 18th June, 2013

Forty people who helped Police fight crime were commended at the Good Citizen Award presentation ceremony today.Police Director of Personnel & Training Alfred Chau said development and progress in society has brought challenges to police work, and support from the public is paramount in combating crime.The 34 men and six women helped in the arrest of more than 40 culprits for a variety of ...

Govt ICT team visits Dalian

news.gov.hk - Tuesday 18th June, 2013

The Commerce & Economic Development Bureau today led a Hong Kong information and communications technology delegation to Dalian.They will join the 11th China International Software & Information Service Fair, held from June 20 to 23, the only national software fair approved by the State Council and the largest annual ICT event on the Mainland.The delegation will also visit digital ...