Hong Kong Economic Times Holdings Ltd. has rejected an investor’s demand to increase dividend payments and said it will need cash to face rising competition in the media.
Jiao Jun, visiting Hong Kong from Shanghai with his wife Creasey Xia for the first time, is not feeling welcome.
Hong Kong may lose as much as HK$25 billion ($3.2 billion) in retail sales if the government goes ahead with a proposal to cut Chinese tourist arrivals, according to Goldman Sachs Group Inc.
Hutchison Whampoa Ltd., Hong Kong billionaire Li Ka-shing’s biggest company, rose to a six-year high after the Hong Kong Economic Times said the company may spin off its retail arm.
Chinese solar manufacturers rallied in New York, led by Suntech Power Holdings Co., on a report that billionaire Warren Buffett may be interested in buying the company forced into bankruptcy after defaulting on debt.