International Business News - KONG http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Hong Kong's stock market staged a huge rally Monday after last week's sell-off as governments from Europe to Australia moved to shore up the global financial system. http://www.ibtimes.com/articles/20081013/hk-stocks-rebound-sharply-after-recent-sell-off.htm Mon, 13 Oct 2008 07:43:14 EDT Hong Kong legislators on Monday accused regulators of failing to monitor banks that sold billions of dollars worth of Lehman Brothers-backed bonds whose value is in doubt after the U.S. investment bank failed. http://www.ibtimes.com/articles/20081013/hk-legislators-criticize-regulators-over-bonds.htm Mon, 13 Oct 2008 08:35:24 EDT Hong Kong's key stock index tumbled more than 7 percent Friday as worried investors gave up holdings after steep losses in Wall Street overnight and regional bourses. http://www.ibtimes.com/data/articleimgs/148655-hong-kong-markets.jpg http://www.ibtimes.com/articles/20081010/hong-kong-stocks-fall-more-than-8-percent.htm http://www.ibtimes.com/articles/20081010/hong-kong-stocks-fall-more-than-8-percent.htm Fri, 10 Oct 2008 05:37:07 EDT Hong Kong stocks rose Thursday as investors cheered a string of interest rate cuts--including from the territory's monetary authority--to ease the credit crisis. http://www.ibtimes.com/articles/20081009/hong-kong-stocks-rebound-on-rate-cuts.htm Thu, 09 Oct 2008 05:02:07 EDT Hong Kong's de facto central bank cut its benchmark interest rate for a second day Thursday in a bid to boost investor confidence, matching an overnight rate cut by the U.S. Federal Reserve. http://www.ibtimes.com/articles/20081009/hk-cuts-interest-rates-for-second-day.htm Thu, 09 Oct 2008 01:09:05 EDT Hundreds of angry investors in Lehman Brothers Holdings Inc. protested in Hong Kong Wednesday to demand a full refund of their investment backed by the failed U.S. bank. http://www.ibtimes.com/data/articleimgs/147193-hong-kong-lehman-protest.jpg http://www.ibtimes.com/articles/20081008/hundreds-of-lehman-investors-protest-in-hk.htm http://www.ibtimes.com/articles/20081008/hundreds-of-lehman-investors-protest-in-hk.htm Wed, 08 Oct 2008 08:22:39 EDT Hundreds of angry Lehman Brothers investors protested in Hong Kong Wednesday to demand a full refund of their investment backed by the failed U.S. bank. http://www.ibtimes.com/data/articleimgs/147171-hong-kong-lehman-protest.jpg http://www.ibtimes.com/articles/20081008/hundreds-of-lehman-investors-protest-in-hk.htm http://www.ibtimes.com/articles/20081008/hundreds-of-lehman-investors-protest-in-hk.htm Wed, 08 Oct 2008 07:47:14 EDT Hong Kong's key stock index dived over 8 percent Wednesday on investor fears about the worsening credit crisis that has spread from the U.S. to around the world. http://www.ibtimes.com/data/articleimgs/147081-hong-kong-markets.jpg http://www.ibtimes.com/articles/20081008/hong-kong-stock-index-plunges-over-8-percent.htm http://www.ibtimes.com/articles/20081008/hong-kong-stock-index-plunges-over-8-percent.htm Wed, 08 Oct 2008 05:17:13 EDT Hong Kong's de facto central bank said Wednesday it would trim its benchmark interest rate by 1 percentage point to 2.5 percent to encourage lending amid the global credit crunch. http://www.ibtimes.com/articles/20081008/hk-to-cut-interest-rate-by-1-percentage-point.htm Wed, 08 Oct 2008 05:39:56 EDT An American woman lost an appeal Monday of her conviction in a Hong Kong court for the beating death of her husband in a sensational case widely known as the "milkshake murder" trial. http://www.ibtimes.com/data/articleimgs/146001-hong-kong-milkshake-murder-appeal.jpg http://www.ibtimes.com/articles/20081006/us-woman-loses-appeal-in-milkshake-murder-trial.htm http://www.ibtimes.com/articles/20081006/us-woman-loses-appeal-in-milkshake-murder-trial.htm Mon, 06 Oct 2008 03:11:40 EDT Hong Kong's key stock index tumbled nearly 5 percent Monday as rescue plans by the U.S. and Europe to bail out the financial sector failed to lift investors' sentiments. http://www.ibtimes.com/data/articleimgs/146114-hong-kong-markets.jpg http://www.ibtimes.com/articles/20081006/hk-index-drops-on-global-economy-worries.htm http://www.ibtimes.com/articles/20081006/hk-index-drops-on-global-economy-worries.htm Mon, 06 Oct 2008 07:47:57 EDT An American woman sentenced to life in prison in Hong Kong in the death of her high-flying banker husband lost her bid Monday for a new trial in a case known widely as the "milkshake murder." http://www.ibtimes.com/articles/20081005/no-retrial-for-us-woman-in-hong-kong-murder-trial.htm Sun, 05 Oct 2008 23:19:01 EDT Hong Kong stock dropped Friday, tracking weaknesses in Wall Street and regional bourses as investors remained skeptical whether the imminent passage of a bailout plan in U.S. could help the economy turnaround. http://www.ibtimes.com/articles/20081003/hon-kong-stocks-drop-worries.htm Fri, 03 Oct 2008 06:04:16 EDT Hong Kong stocks rose Thursday, reversing earlier losses, as a jump in insurer Ping An and expectations that China will introduce supportive measures lifted the market. http://www.ibtimes.com/articles/20081002/hong-kong-stocks-rise-led-by-ping-an.htm Thu, 02 Oct 2008 06:34:42 EDT Hong Kong police have arrested a man for allegedly posting a message on the Internet that a financial institution would be shut down amid worries that the U.S. financial meltdown will spread to the territory. http://www.ibtimes.com/articles/20081001/hong-kong-man-arrested-over-bank-rumor.htm Wed, 01 Oct 2008 04:05:07 EDT Hong Kong Disneyland said Wednesday it has cleared its commercial loans of about HK$3.3 billion ($425 million)--thanks to the help from The Walt Disney Co., which provided a cheap financial arrangement. http://www.ibtimes.com/articles/20081001/hk-disney-clears-commercial-loans.htm Wed, 01 Oct 2008 02:53:52 EDT Anglo-Dutch food giant Unilever is recalling its Lipton-brand milk tea powder in Hong Kong and Macau after they were found to contain traces of a banned industrial chemical, the company said Tuesday. http://www.ibtimes.com/articles/20080930/lipton-brand-milk-tea-powder-recalled-in-hong-kong.htm Tue, 30 Sep 2008 09:56:28 EDT Hong Kong's stock market erased its early losses to close trading slightly higher Tuesday as investors snapped up shares beaten down by dismay over U.S. lawmakers' rejection of a bank bailout plan. http://www.ibtimes.com/data/articleimgs/142431-hong-kong-markets.jpg http://www.ibtimes.com/articles/20080930/hk-stocks-reverse-early-losses-to-finish-positive.htm http://www.ibtimes.com/articles/20080930/hk-stocks-reverse-early-losses-to-finish-positive.htm Tue, 30 Sep 2008 05:20:40 EDT A Hong Kong bank said Monday it has about 362 million Hong Kong dollars ($47 million) in exposure to failed American bank Washington Mutual. Dah Sing Banking Group Ltd. made the announcement as Hong Kong investors remained jittery about the U.S. financial crisis. Last week, locals withdrew deposits from Bank of East Asia after unconfirmed rumors that it was failing. The Hong Kong Monetary Authority denied the rumors. http://www.ibtimes.com/articles/20080929/hong-kong-bank-reveals-exposure-to-wamu.htm Mon, 29 Sep 2008 09:55:24 EDT Hong Kong shares plunged on Monday as traders remained cautious about the U.S. bailout of its ailing financial industry. The blue-chip Hang Seng Index fell 4.29 percent, or 801.41 points, to 17,880.68 points. http://www.ibtimes.com/data/articleimgs/141827-hong-kong-markets.jpg http://www.ibtimes.com/articles/20080929/hong-kongs-key-stock-index-drops-4-3-percent.htm http://www.ibtimes.com/articles/20080929/hong-kongs-key-stock-index-drops-4-3-percent.htm Mon, 29 Sep 2008 06:33:20 EDT