Carpark space sells for $1.7million in Hong Kong

HONG KONG (AFP) – A single car parking space has been sold for a whopping HK$10 million (S$1.7 million) at a luxury Hong Kong apartment complex, local media reported on Friday (June 4). The 12.5 square metre (135 square feet) spot is part of a development on The Peak, a

Going on a real tour, maybe soon

Call it the effects of the Covid-19 pandemic, but Ms Olivia Tang now does monologues, and her audience is lapping it up. Armed with a mobile phone and sometimes, if she’s lucky, a colleague who flashes cue cards or helps her out with the live stream, the 37-year-old tour guide

Hong Kong Retailer I.T Group Offers To Delist For $168 Million

LONDON – Fashion retailer I.T Group has proposed to privatize its business in a cash deal worth $168 million on Sunday, according to a Hong Kong Stock Exchange filing. The deal, backed by private equity firm CVC Capital Partners, will see non-founder shares bought at $3 Hong Kong dollars apiece

With big tech on holiday, world shares inch higher

LONDON (Reuters) – World shares inched higher led by Europe on Monday, after last week’s rout in U.S. technology stocks that saw $2.3 trillion in value wiped off in two days with investors taking note of lofty valuations when the global economy is still in a recession. Market activity was

Asian shares on shaky footing amid elevated valuations, oil skids

SYDNEY (Reuters) – Asian shares were on the defensive on Monday as investors grappled with sky-high valuations against the backdrop of a global economy in the grip of a deep coronavirus-induced recession while oil prices dropped sharply. Chinese stocks started lower while shares of Hong Kong-listed Semiconductor Manufacturing International Corp

Global stocks jump as investors pin hopes on coronavirus treatment

SYDNEY (Reuters) – Asian shares advanced for a second straight session on Monday, underpinned by coronavirus hopes after the U.S. Food & Drug Administration (FDA) authorised the use of blood plasma from recovered patients as a treatment option. The announcement from the U.S. FDA of a so-called “emergency use authorization”

Global stocks struggle higher as PMIs weigh

LONDON (Reuters) – Global stock markets enjoyed cautious gains on Friday, taking their cue from Wall Street tech shares, but tepid economic data and lofty valuations reined in the advances in the wake of huge rally that has wiped out coronavirus losses. Global stocks advanced 0.2% while the pan-European STOXX

Asia shares set to open higher as traders await U.S. payrolls

WASHINGTON (Reuters) – Asia shares were poised to open higher on Friday, tracking global equity markets’ overnight gains as investors awaited a U.S. nonfarm payrolls report. Hong Kong futures HSIc1 were up 0.23% and Nikkei futures NKc1 were trading above the Nikkei 225 index’s .N225 previous close, pointing to an

China shares lead Asian retreat on Sino-U.S. tensions, euro holds near highs

SYDNEY (Reuters) – Asian shares skidded from six-month peaks on Friday as Sino-U.S. tensions soured what had been an upbeat week, while the euro held near a 21-month top against the embattled dollar and gold neared a record high. For once, currencies had dominated trading as a deal on a

Global shares waver on fear of worsening U.S.-China ties; gold surges

NEW YORK/LONDON (Reuters) – World equity markets were little changed and gold rose on Wednesday after the U.S. ordered China to close its consulate in Houston, fanning fears of worsening bilateral relations, while the euro gained further on the European Union’s massive recovery fund. Trading was choppy as many bourses