Moisture seeping into power cable led to short circuit which plunged part of Central station into darkness earlier this month.
Hong Kong’s banking regulator has expressed concern over the ultra-accommodative financing schemes offered by some Hong Kong developers to entice home buyers, saying that it is studying whether controls are needed to help offset credit risk.
National University of Singapore takes the top spot in the Times Higher Education Asian University Rankings 2016.
Former health minister conducts study into ways to change procedure to allow for comfortable home deaths.
A multibillion dollar high-speed rail deal between China and Russia is expected to be signed during Russian president Vladimir Putin’s visit to Beijing in late June, when the two nations are expected to extend military cooperation.
Alibaba Group’s financial affiliate is planning to purchase a 20 per cent stake in Thailand’s Ascend Money in a bid to become a key financial services player in Southeast Asia.
Hong Kong’s stock market’s recent volatile run has seen it edging close to bear territory, triggered by uncertainties over mainland China’s economic growth and the state of the global economy.
US regulators on Tuesday told banks to review the cyber security they have in place to protect against fraudulent money transfers and other threats to a global payments network, months after hackers stole US$81 million from the Bangladesh central bank’s account at the Federal Reserve Bank of New York and moved the money to a bank in the Philippines.
China on Tuesday officially ended the longstanding monopoly held by its home-bred champion UnionPay over the Chinese bank card market and announced that its enormous credit card clearing market is open for competition to domestic and foreign players.
The city has nurtured more workers with a university degree in the past two decades, but less than half of them could take up top managerial and professional jobs and they made less money than older graduates, research from the Legislative Council secretariat has found.
An unspecified number of staff at a fitness centre in Causeway Bay involved in talking a mentally disabled man into signing contracts valued at around HK$300,000 – equivalent to 30 times his monthly pay – have been warned and demoted.
Liu Shu-hsien, a giant in the study of Neo-Confucianism and a researcher at the prestigious Institute of Chinese Literature and Philosophy at Academia Sinica in Taiwan as well as a former Chinese University lecturer, died in Taipei on Monday at the age of 82.
During lean economic times in the developed West, the hunger for luxury and fashion in Asia, in particular China, has fuelled market growth beyond expectations. But China’s so-called luxury retail slowdown has taken its toll on some brands.
Internet search titan Baidu is poised to ratchet up its expansion in China’s nascent online insurance market through a new alliance with China Pacific Property Insurance.
China and the United States should overhaul their annual strategic meeting to make it a more effective negotiating table, analysts from both nations say.
China pledged on Tuesday to rein in excess steel output and work with the US to enforce sanctions against DPRK, but there was no progress on the simmering tensions in the South China Sea.
The British Council has obtained a licence from the education authorities to operate its first kindergarten in Hong Kong, the organisation announced yesterday.
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