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Hong Kong's GDP in the first quarter of 2018 grew by 4.7% in annual terms and showed the highest rate since the second quarter of 2011, according to official data. Experts had expected GDP to rise by 3.7%. Growth in the economy was boosted by high consumer spending, tourist activity, and the continued demand for exports from Hong Kong. The volume of the Hong Kong economy relative to the previous quarter increased by 2.2%, the maximum rate since the first quarter of 2011. The authorities of Hong Kong expect GDP growth in 2018 to be 3-4%, inflation - at the level of 2.2%.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
KYC Policy