Hong Kong

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Somali Pirates Hijack Yet Another Cargo Ship

A Hong Kong ship carrying wheat is the latest victim

(Newser) - Pirates off the coast of Africa have struck again, hijacking a Hong Kong cargo ship in the Gulf of Aden, the Financial Times reports. The Delight has 25 crew members and 36,000 tons of wheat, and hijackers were reportedly steering it toward Somalia. It's the latest in a string...

Powell Will Pass on Cabinet Post

I'll step aside for new leaders, former State chief says

(Newser) - Colin Powell doesn’t want a job in Barack Obama’s “historic” administration, preferring instead to see a new generation of leaders. “Why? I've done it,” Powell told the Wall Street Journal today in Hong Kong. The Bush-era secretary of State, who endorsed Obama last month, also...

US Attempts a Very Chinese Bailout
US Attempts
a Very Chinese Bailout
OPINION
Oct 16, 2008 1:49 PM CDT

US Attempts a Very Chinese Bailout

Beijing blazed this trail in '98, and dependence more important now

(Newser) - Wondering how the bailout will work out? Look no further than China, David Ignatius writes in the Washington Post. Beijing test-piloted exactly this kind of strategy, doling out $15.1 billion to buy up companies gashed by the 1998 Hong Kong market crash. Now, he writes, the Chinese need to...

Tainted Tea Pulled in Hong Kong

Latest product recalled for melamine traces

(Newser) - Lipton Milk Tea is the latest product to be recalled in the melamine scare that started with tainted infant formula in China. Unilever is recalling the tea brand from stores in Hong Kong and Macau after finding traces of the industrial chemical in it, CNN reports. Company officials described the...

Kraft, Mars, Cadbury Hit by Chinese Tainting Scandal

Melamine concerns prompt recall, probe

(Newser) - Kraft and Mars are investigating claims by the Indonesian government that products including Oreos, M&Ms, and Snickers imported from China are tainted with melamine, PerthNow reports. The company notes that the products tested melamine-free elsewhere in Asia, and suggests that they could be counterfeit. Still, the firms are supporting...

Blogger Busted for Bad Bank Rumor
Blogger Busted for Bad Bank Rumor
Sep 28, 2008 8:31 AM CDT

Blogger Busted for Bad Bank Rumor

Hong Kong post urged customers to take their money and run

(Newser) - As worldwide worries mount about the US financial crisis, a Hong Kong blogger has been arrested after allegedly posting internet rumors that a local bank was in trouble, AP reports. He urged depositors to withdraw their funds, police said. He was arrested for computer use with criminal or dishonest intent....

Rumors Spark Wild Run on Asian Bank
Rumors Spark Wild Run on Asian Bank
Sep 25, 2008 6:24 AM CDT

Rumors Spark Wild Run on Asian Bank

Panicked thousands rush to grab savings from Bank of East Asia

(Newser) - Rumors that the Bank of East Asia was in trouble spread like wildfire through Hong Kong yesterday, causing a panicked mob to descend on the bank as thousands withdrew their life savings, the Financial Times reports. Police moved in to keep order as crowds demanded their money. BEA's tycoon chairman...

China Bans Tibetan Flags At Olympic Event

Beijing leaders hope to head off protests in Hong Kong

(Newser) - Tibetan flags will be banned from all Olympic equestrian events in Hong Kong under rules aimed at heading off political protests inside competition venues, organizers said today. While China has tightened visa restrictions to keep out protesters during the Olympics, activists could demonstrate in Hong Kong, which grants visa-free access...

At $68 Per Day, London Parking Obscures Gas Prices

Sydney ($54.50 a day) and New York ($40) relative bargains by comparison

(Newser) - Besides skyrocketing gas prices, there's another reason to ditch your car: the steep cost of parking. The Economist breaks down the cities with the most expensive spots:
  1. London—$1,167 a month, $68 a day
  2. Sydney—$774.76 a month, $54.50 a day
  3. Hong Kong—$742.40 a month,
...

Amid Selloff, Gold King Won't Flush His Throne

Hong Kong merchant melts down palace to capitalize on rising prices ... except for toilet

(Newser) - With gold prices hovering around $1,000 an ounce, one Hong Kong jeweler is melting down the shining palace he spent a decade building, unloading chandeliers and armored knights—everything but his 24-karat toilet, the Wall Street Journal reports. "I don't care if gold hits $10,000 an ounce,...

Navy Ship Leaves Port —Without 100 Sailors

USS Ronald Reagan, fleeing typhoon, leaves 100 seamen in Hong Kong

(Newser) - A US aircraft carrier set sail from Hong Kong early Sunday with about 100 of its crew still on shore leave, the AP reports. The USS Ronald Reagan and its support ships left port early because Typhoon Fengshen was bearing down. Officials are scrambling to book flights to reunite the...

Hello, China: Meet Japan's New Envoy

Japan tabs pop icon to bring in visitors from China

(Newser) - Hello Kitty has been tapped as Japan’s cultural envoy to China, the AP reports. Japan’s ministry of tourism chose the über-popular icon to represent the country in its drive to attract 10 million annual visitors to the islands. Last year, tourists from China and Hong Kong made...

Torch Gets Huge Welcome in Hong Kong

But cheers drown out protests in first Chinese leg of relay

(Newser) - Thousands of people waving the Chinese flag cheered the Olympic torch on its relay through Hong Kong, shouting down scattered Tibetan protesters in their midst, the BBC reports. There were a few scuffles as the torch wound its way through the streets in the first leg of the torch relay...

Mia Farrow Quizzed at Hong Kong Airport

Activist granted entry ahead of tomorrow's Olympic relay

(Newser) - Activist actress Mia Farrow was allowed into Hong Kong today after authorities questioned her and told her not to disrupt tomorrow's Olympic torch relay, AP reports. Farrow is an outspoken critic of China's policy on Darfur and plans a speech tomorrow night on the issue. Several activists have been barred...

Torch Back in China After Tumultuous Tour

No protests, but advocates deported and barred ahead of Friday's Hong Kong relay

(Newser) - There were no protests in Hong Kong today as the Olympic torch returned to Chinese soil. But reports were rampant of advocates and would-be protesters being deported or barred from entering the country, the New York Times reports. China says it’s dedicated to allowing peaceful demonstrations, but yesterday deported...

Thousands Stuck as Asian Budget Airline Folds

Hong Kong airline becomes 4th carrier to go bust this month

(Newser) - Thousands of passengers have been stranded in Hong Kong, London, and Vancouver with the collapse of Asian budget airline Oasis, the New York Times reports. In a sign that the industry's woes are spreading rapidly, the Hong Kong-based airline joins three US budget carriers to have gone under this month...

Flu Closes Hong Kong Schools
 Flu Closes Hong Kong Schools 
Mar 13, 2008 8:51 AM CDT

Flu Closes Hong Kong Schools

'Precautionary measure' sends half a million kids home for two weeks

(Newser) - Over half a million children in Hong Kong are starting their Easter holiday early today after a flu outbreak led the government to order schools to close, AP reports. All kindergartens and primary schools in the densely populated territory will be shut down for two full weeks. Three children have...

Star's Naked Photos Drive Hong Kong Wild

Images leaked from movie star's laptop trigger 'media tsunami'

(Newser) - It all started when Edison Chen, a Hong Kong actor and hip-hop artist, took his laptop in for repairs. Turned out Chen had on his hard drive more than a thousand photos of himself, naked, with more than a dozen of the island's leading actresses and singers. Someone at the...

Airbus Talks Mile-High Casinos
Airbus Talks Mile-High Casinos
Feb 18, 2008 2:55 AM CST

Airbus Talks Mile-High Casinos

Super jumbo A380s could soon be outfitted for gambling

(Newser) - A plane flight could soon be a big gamble. Airbus is considering turning some of its super-jumbo jets into airborne casinos, Breitbart reports. The hulking A380 passenger plane is the world's largest, boasting 50% more floor space than Boeing's 747. That's the kind of space that's needed for a mile-high...

Asian Markets Rebound
Asian Markets Rebound
Jan 23, 2008 5:14 AM CST

Asian Markets Rebound

Fed rate cut sees markets stage modest recovery

(Newser) - Asian markets bounced back modestly this morning after two days of precipitous drops. Hong Kong's Hang Seng index jumped 10.72%, Japan's Nikkei average rose 2%, and the Topix index was up 2.5%. Sydney's index closed 4.4% higher, breaking a 12-day downturn, and India's Sensitive index saw its...

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