Hui Ka Yan is finally taking steps to reduce the massive debt pile at his property developer China Evergrande Group, but the costs of doing so are piling up rapidly. ( read original story ...)
Hong Kong shares track broader Asia lower as Fed disappoints
BEIJING/SHANGHAI, Sept 17 (Reuters ... The sub-index of the Hang Seng tracking energy shares rose 1.3%, while IT property sectors dipped 2.21% and 1.22%, respectively. ** The Fed said overnight ... ( read original story ...)
Hong Kong shares close flat in cautious trade ahead of Fed meeting
BEIJING/SHANGHAI, Sept 16 (Reuters ... The financial sector ended 0.58% lower and the property sector rose 0.52%. ** The top gainer on the Hang Seng was China Resources Land Ltd , which jumped 3.09%, ... ( read original story ...)
Jewel in the Crown: Collins St’s landmark Louis Vuitton building for sale
The eclectic Renaissance-style building in the ‘Paris end’ of Collins Street, occupied by the uber luxurious Louis Vuitton store, is on the market. ( read original story ...)
China Retail Turns Positive in August After Seven-Month Slump
SHANGHAI — China broke out of its COVID-19 induced slump on Tuesday when the National Bureau of Statistics said that countrywide retail sales turned positive for the first time this year. August eked ... ( read original story ...)
The Peninsula Dumps Oracle to Use Shiji’s New Tech Platform for Hotel Groups
The Peninsula Hotels has agreed to adopt a new hotel tech platform from Shiji, replacing its property management system and its central reservation system. ( read original story ...)
Condo Butler Service Demand in China Sparks 400% Stock Gain
Surging demand for butler-like concierge service at the millions of condominiums in China is creating one of the hottest sectors in the nation’s stock market. ( read original story ...)