Latest Hong Kong News
Chinese developer Evergrande risking liquidation if creditors veto its plan for handling huge debts
HONG KONG (AP) — A Hong Kong court will convene a hearing Monday on troubled Chinese property developer Evergrande’s plans for restructuring its more than $300 billion in debts and staving off liquidation. The company, the world’s most indebted property developer, ran into...
AP Week in Pictures: Asia
Nov. 24-30, 2023 Sikhs lit candles to mark the birth anniversary of Guru Nanak, the founder of Sikhism, at the illuminated Golden Temple, in Amritsar, India. A pro-democracy activist known as Grandma Wong protested outside a Hong Kong court hearing the trial of 47 pro-democracy...
China factory activity contracts in November for 2nd straight month despite stimulus measures
HONG KONG (AP) — An official survey of Chinese manufacturers shows that factory activity contracted for a second straight month in November, an indicator of weak demand despite various stimulus measures aimed at supporting the economy. The official manufacturing purchasing...
Stock market today: Asian shares mostly higher ahead of US price update, OPEC+ meeting
BANGKOK (AP) — Asian shares were mostly higher Thursday ahead of an update on U.S. consumer inflation and a meeting of oil producers in Vienna. Benchmarks rose in Hong Kong, Tokyo and Shanghai. They fell in Seoul and Bangkok. U.S. futures rose while oil prices slipped. ...
A Hong Kong court hears final arguments in the subversion trial of pro-democracy activists
HONG KONG (AP) — A Hong Kong court started hearing the final arguments Wednesday of some of the city's best-known pro-democracy activists tried under a law imposed by China’s ruling Communist Party to crush dissent. The activists' subversion trial is the biggest prosecution yet...
Stock market today: Asia trading mixed after strong US consumer confidence data push Wall St higher
TOKYO (AP) — Asian shares were mixed Wednesday after a strong report on U.S. consumer confidence and hopes the Federal Reserve is finished with its aggressive interest rate hikes sent shares higher on Wall Street. Japan's benchmark Nikkei 225 added 0.1% in morning trading to...
Chinese AI firm SenseTime denies research firm Grizzly's claim it inflated its revenue
HONG KONG (AP) — SenseTime, a major Chinese artificial intelligence company, has rejected claims by a research company that it has falsely inflated its revenue. “(SenseTime) believes the report is without merit and contains unfounded allegations and misleading conclusions and...
Stock market today: Asian shares mostly higher ahead of consumer confidence and price data
BANGKOK (AP) — Shares were mixed in Asia on Tuesday after Wall Street benchmarks edged lower as investors waited for updates on inflation and how American consumers are feeling about the economy. Tokyo and Hong Kong fell while Shanghai, Seoul and Sydney gained. On...
Disneyland's $60 billion expansion means parks in Hong Kong and Shanghai are only getting bigger
HONG KONG (AP) — Hong Kong Disneyland opened its first Frozen-themed attraction on Monday, with thousands of eager visitors turning up to experience the new rides, some lining up for hours to get an early start. Based on Disney’s wildly popular “Frozen” animation film, the...
A curious South African sea snail is a prized dish in Asia. That has meant a trail of destruction
HAWSTON, South Africa (AP) — Nearly every house in Hawston has a boat in its yard, sometimes two. It takes a moment to realize many are out of action, grass sprouting through holes in hulls that haven't touched water for years. They are relics of another time, when people fished...
