Shares in Kweichow Moutai, the world’s most valuable liquor distiller, rose by as much as 6 per cent to 1,020.10 yuan (US$144.4) on Monday, following an announcement that it would cap the amount of the fiery liquor it sells to affiliates this year.
Shares in Kweichow Moutai, the world’s most valuable liquor distiller, rose by as much as 6 per cent to 1,020.10 yuan (US$144.4) on Monday, following an announcement that it would cap the amount of the fiery liquor it sells to affiliates this year.
The benchmark was dragged down by Swire Pacific, the Hang Seng’s worst performer on the day. The parent company of Hong Kong flag-carrier Cathay Pacific Airways shed more than 6 per cent to its lowest level since May 2018, after the airline dropped 4.85 per cent to its lowest level in 10 years.
The reports by the two banks underscore how 13 months of a tit-for-tat dispute between the US and China has spilled over to the rest of the world.
The reports by the two banks underscore how 13 months of a tit-for-tat dispute between the US and China has spilled over to the rest of the world.
CEO Rupert Hogg says staff who ‘support or participate in illegal protests’ in Hong Kong would face disciplinary action that ‘may include termination of employment’, as shares fall to lowest level in 10 years.
CEO Rupert Hogg says staff who ‘support or participate in illegal protests’ in Hong Kong would face disciplinary action that ‘may include termination of employment’, as shares fall to lowest level in 10 years.
Chinese Big Pharma firms are benefiting from Beijing policies that are speeding up drug approvals and incentivising discovery of new products.
HSBC said it is looking to reduce its wage costs by 4 per cent in 2019 and expects severance costs of US$650 million to US$700 million over the course of the year.
HSBC said it is looking to reduce its wage costs by 4 per cent in 2019 and expects severance costs of US$650 million to US$700 million over the course of the year.
Vivendi, Universal Music’s parent, has been looking to sell up to 50 per cent of the business. The Tencent deal will value the label at US$33.6 billion.
Vivendi, Universal Music’s parent, has been looking to sell up to 50 per cent of the business. The Tencent deal will value the label at US$33.6 billion.
CLP reported a net loss of HK$907 million (US$116 million) for the first half, on the back of a HK$6.38 billion impairment on its Australian retail business
CLP reported a net loss of HK$907 million (US$116 million) for the first half, on the back of a HK$6.38 billion impairment on its Australian retail business