Hong Kong

The Hong Kong Exchanges and Clearing company's proposed $37-billion acquisition of rival London Stock Exchange could be dead on arrival, with the London exchange reportedly set to reject the offer and U.K. regulators likely to block a deal.  Bloomberg Commentator: Odd Deal The...

Anheuser Busch Inbev NV (NYSE: BUD) is reconsidering its decision to halt a spin-off of its Asia business, sources close to the matter told Reuters. What Happened Budweiser's parent company decided against raising around $10 billion by floating part of its Asia business, Budweiser Brewing...

The parent company of Hong Kong's stock exchange made an offer Wednesday to buy its London rival for $37 billion — "a lot of money," former NYSE CEO Dick Grasso told Fox Business in an interview. What Happened The Hong Kong Exchanges and Clearing company deserves credit for...

Hong Kong-based Cathay Pacific Airways (OTCMKTS: CPCAY), alongside its subsidiary Cathay Dragon, reported sinking air cargo numbers for August amid ongoing political unrest in its home city. The airlines saw double-digit drops in both tonnes of cargo carried and cargo and mail revenue freight tonne...

China has begun an investigation into allegations that FedEx Corp. (NYSE: FDX) illegally handled a package containing restricted shipments of knives bound for Hong Kong, China's state-run media agency Xinhua said September 3. The items were allegedly headed for China's Hong Kong Special...

A Hong Kong firm was sanctioned this week by the Treasury Department's Office of Foreign Assets Control (OFAC) for its alleged role in the illegal transshipment of "tens of millions of dollars' worth" of U.S.-origin technology and electronic components to Iran. The Hong Kong-based company, Green...

Chinese e-commerce giant Alibaba Group Holding Ltd (NYSE: BABA) is no longer interested in listing its stock on the Hong Kong exchange amid large-scale protests in the region, sources told Reuters. What Happened Alibaba was reportedly interested in raising up to $20 billion through listing its...

In its July traffic report dated Aug. 21, Cathay Pacific Airways (OTCMKTS: CPCAY) announced that the protests in Hong Kong were likely to result in "a much more significant impact" to August's revenue. "Recent events in Hong Kong over the past two months did not substantially impact our passenger...

As protests continue at Hong Kong International Airport (HKIA), the disruption has not caused major delays in air cargo shipments or dramatic increases in rates, experts told FreightWaves. Protests at Hong Kong's airport continued on Tuesday, August 13, causing a second day of mayhem for travelers...

Passenger flights out of Hong Kong International Airport were canceled en masse again Tuesday, August 13. The airport was closed Monday, August 12 due to an onslaught of protesters, but it had been slated to resume normal operations Tuesday morning.  Thousands of protesters remained at the airport...

For the second straight day, ongoing protests in Hong Kong have disrupted flights at Hong Kong International Airport. What Happened? A mass of pro-democracy protesters crowded the Hong Kong airport over the weekend, forcing the airport to cancel all of its departing flights on Monday and Tuesday....

Hong Kong International Airport canceled all passenger flights slated for Monday, August 12 after a growing number of protestors flooded the building. The airport is the busiest air cargo terminal in the world, and the cancellations could have a marked impact on cargo. The cancellations came after...

Pictured: protestors occupy Hong Kong aiport; Photo: a still taken from video taken Twitter user @Alex in Air #HongKong All flights into and out of Hong Kong have been shut down by the Hong Kong Airport Authority owing to the occupation of the airport by protestors. "Airport operations at Hong...

Protesters packed into Hong Kong International Airport, prompting the Chinese government to require Cathay Pacific Airways to suspend any of its staff that engage in the anti-government protests. The airport protests on Friday, August 9, are the latest in a series of demonstrations in response to...

Hong Kong-based Orient Overseas Container Line (OOCL) said it had revenue of nearly $1.57 billion in the second quarter of 2019, 7.1% more than in the same period last year. In the first half of this year, revenue amounted to nearly $3.03 billion, 6.5% more than in the first half of 2018....