Edition:
United States

Jennifer Hughes

Chinese group sells Hamleys toy stores to India's Reliance Industries

May 10 2019

MUMBAI/HONG KONG Hamleys, the world's oldest toy retailer, is set to pass from Chinese to Indian control after Reliance Industries Ltd said it had agreed to buy the British high street icon in a deal worth $88.5 million. | Video

ANALYSIS-Battle for Hong Kong Airlines pulls complex HNA holdings into daylight

Apr 28 2019

HONG KONG, April 26 Shareholders summoned by Hong Kong Airlines this month for a meeting were greeted with some shocking news: the airline needed at least HK$2 billion in fresh funds or it would lose its operating license.

Battle for Hong Kong Airlines pulls complex HNA holdings into daylight

Apr 26 2019

HONG KONG Shareholders summoned by Hong Kong Airlines this month for a meeting were greeted with some shocking news: the airline needed at least HK$2 billion in fresh funds or it would lose its operating license.

HNA denies embezzlement claims as it fights for control of Hong Kong Airlines

Apr 18 2019

HONG KONG Embattled Chinese conglomerate HNA Group has denied accusations of embezzlement and financial irregularity made by a rival group of shareholders in Hong Kong Airlines (HKA) as the two sides fight for control of the struggling carrier.

Hong Kong Airlines faces more uncertainty as chairman challenges his removal

Apr 17 2019

HONG KONG Hong Kong Airlines, partially owned by China's HNA Group, was thrown into deeper uncertainty on Wednesday after Hou Wei disputed a decision that removed him as chairman and said he was still in charge of the struggling carrier.

Hong Kong Airlines faces more uncertainty as board change disputed

Apr 17 2019

HONG KONG, April 17 Hong Kong Airlines, partially owned by China's HNA Group, was thrown into deeper uncertainty on Wednesday after Hou Wei disputed a board meeting that removed him as chairman and said he was still in charge of the struggling carrier.

Hong Kong Airlines expands board as it seeks fresh funds to survive

Apr 16 2019

HONG KONG Hong Kong Airlines (HKA) ex-director Zhong Guosong has been appointed its chairman as part of a board expansion aimed at turning around the struggling company, formerly controlled by heavily-indebted Chinese conglomerate HNA Group.

Exclusive: HNA-linked Hong Kong Airlines seeks $255 million from backers to keep license

Apr 12 2019

HONG KONG Hong Kong Airlines shareholders have demanded to see 2018 accounts before considering providing at least HK$2 billion ($255 million) needed to ensure the carrier - part owned by the indebted HNA Group - keeps its license, two sources said.

Citi sees stronger China wealthy client base in 2019 despite economy slowing

Jan 28 2019

HONG KONG Citigroup expects its China wealth management client base to grow faster in 2019 than last year, at more than 30 percent, the bank's country chief said, despite the world's second-largest economy slowing and feeling the pain of a trade war.

World News

India's Modi stuns opposition with huge election win

Indian Prime Minister Narendra Modi scored a dramatic election victory on Thursday, putting his Hindu nationalist party on course to increase its majority on a mandate of business-friendly policies and a tough stand on national security.