Bobby Yip
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Articles by Bobby Yip
Hong Kong Monetary Authority leaves interest rates unchanged, tracking Fed move
An attendant walks outside the entrance to Hong Kong Monetary Authority in Hong Kong, China November 10, 2015. Picture taken November 10, 2015. REUTERS/Bobby Yip HONG KONG, Oct 29 (Reuters) - The Hong Kong Monetary Authority left its base interest rate unchanged on Thursday at 4.25%, following the US Federal Reserve's decision to hold rates steady.
Tung Chee-hwa, Hong Kong's first leader under Chinese rule, dies at 89
FILE PHOTO: Former Hong Kong Chief Executive Tung Chee-hwa holds a news conference in Hong Kong, China April 29, 2015. REUTERS/Bobby Yip/File Photo HONG KONG, Sept 8 (Reuters) - "For the first time in history, we, the people of Hong Kong, will be master of our own destiny." On July 1, 1997, Tung Chee-hwa delivered his first speech as chief executive of the territory, following its handover from the United Kingdom to China.
Hong Kong court rejects lawyer's request to use Evergrande founder's funds for legal costs
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Hong Kong court rejects lawyer's request to use Evergrande founder's funds for legal costs
HONG KONG, Sept 2 (Reuters) - Hong Kong's High Court on Wednesday rejected a request from the lawyer for the founder of embattled Chinese property company Evergrande to use funds controlled by liquidators to pay HK$1.2 million ($153,039) in legal costs. The liquidators, who have also been appointed by the court as receivers of founder Hui Ka Yan's personal assets, have been battling to claw back $6 billion in dividends and remuneration paid to him and other ex-executives.
Ejendomsmagnat idømt livstid for svindel
I dag er Evergrande i høj grad blevet et billede på de problemer, der præger Kinas ejendomssektor. I dag er Evergrande i høj grad blevet et billede på de problemer, der præger Kinas ejendomssektor. Hui Ka Yan, grundlæggeren af ejendomsselskabet Evergrande, får livstid, bøde og konfiskeret al sin ejendom. Hui Ka Yan er ved en domstol i det sydlige Kina dømt for en række forbrydelser, herunder "økonomisk svindel i stor skala". Evergrande var engang Kinas førende ejendomsselskab.
Evergrande founder Hui Ka Yan, from property tycoon to life in jail
FILE PHOTO: Hui Ka Yan, chairman of Evergrande Real Estate Group Ltd, the country's second-largest property developer by sales, attends a news conference on annual results in Hong Kong, China March 29, 2016.
China Evergrande founder sentenced to life in prison
China Evergrande Group Chairman Hui Ka Yan attends a news conference on the property developer's annual results in Hong Kong, China March 28, 2017. REUTERS/Bobby Yip HONG KONG, Aug 20 (Reuters) - The billionaire founder of China Evergrande Group, the world's most-indebted property developer, was sentenced to life in prison on Thursday by a Chinese court, which ordered all his personal property confiscated.
ECB's Kazimir: next steps will depend on data but direction is clear
FILE PHOTO: Slovakia's Finance Minister Peter Kazimir attends the Asian Financial Forum in Hong Kong, China January 15, 2018. REUTERS/Bobby Yip/File Photo Damage from the conflict in the Middle East cannot be removed overnight and the European Central Bank still has work to do, ECB policymaker Peter Kazimir said on Tuesday.
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Microsoft Cares About Your Privacy Cathay to reduce airline fuel surcharges from May 16
BEIJING, May 8 (Reuters) - Hong Kong airline Cathay Pacific Airways will lower fuel surcharges for most of its passenger flights from May 16, it said on Friday, as part of its "agile response" to the energy price crisis caused by the Iran war. Unprecedented energy supply disruption linked to the U.S.-Israeli war on Iran has hit the aviation industry particularly hard as fuel accounts for up to a quarter of operating expenses.
ECB's Kazimir: June rate hike all but inevitable
FILE PHOTO: Peter Kazimir attends the Asian Financial Forum in Hong Kong, China January 15, 2018. REUTERS/Bobby Yip/File Photo FRANKFURT - A European Central Bank rate hike in June is all but inevitable as higher energy costs are bound to spread to the broader economy and developments in the Iran war have not taken any positive turn, Slovak policymaker Peter Kazimir said on Monday.
Jardines and CK Hutchison pursue Hong Kong supermarket megadeal, FT reports
April 17 (Reuters) - Hong Kong-based Jardines is in talks with CK Hutchison to buy its supermarket division, which trades as ParknShop, and merge it with Wellcome, the Financial Times reported on Friday, citing people familiar with the matter. CK Hutchison's AS Watson group, which owns ParknShop, competes against conglomerate Jardines' Dairy Farm International, now known as DFI Retail, which runs Wellcome. The market share of the combined group would be less than 50%, according to the FT report.
Hong Kong cuts interest rate but major banks keep lending rates steady
HONG KONG, Dec 11 (Reuters) - Hong Kong's de-facto central bank lowered on Thursday its base interest rate by 25 basis points to 4.0%, in line with a cut by the U.S. Federal Reserve, but major lenders declined to pass on the reduction to customers.Hong Kong's monetary policy moves in lock-step with the United States as the city's currency is pegged to the greenback in a tight range of 7.75-7.85 per dollar.It was the third easing by the Hong Kong Monetary Authority (HKMA) this year and...
Factbox-What is Hang Seng Bank and what does HSBC’s proposed privatisation entail?
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La Guardia Civil interviene 22 millones de euros en productos falsificados en Tenerife
La Guardia Civil, en el marco de la operación ‘IMITA’, ha intervenido 58.000 artículos falsificados en la provincia de Santa Cruz de Tenerife que se han valorado en 22 millones de euros. Así lo ha informado este domingo la Benemérita, que agrega que en la operación han sido investigadas 82 personas en dos actuaciones por delitos contra la propiedad industrial y han sido inspeccionados un total de 80 comercios en las islas de Tenerife, La Palma, La Gomera y El Hierro.
Estas son las monedas de euro que van a retirar de la circulación a partir de julio
Durante el año pasado se identificaron un total de 23,838 monedas falsificadas, con un valor equivalente a 47,676 euros Con el propósito de combatir la falsificación y salvaguardar la integridad del sistema monetario, el Boletín Oficial del Estado (BOE) emitió una comunicación el jueves pasado informando que ciertas monedas de un euro serán retiradas de la circulación a partir del 1 de julio.
China says nuclear fuel rods damaged, no radiation leak
FILE - In this Oct. 17, 2013, file photo, then British Chancellor of the Exchequer George Osborne, left, chats with Taishan Nuclear Power Joint Venture Co. Ltd. General Manager Guo Liming as he inspects a nuclear reactor under construction at the nuclear power plant in Taishan, southeastern China's Guangdong province.
Hong Kong leader 'concerned' about Chinese nuclear plant
FILE - In this Oct. 17, 2013, file photo, then British Chancellor of the Exchequer George Osborne, left, chats with Taishan Nuclear Power Joint Venture Co. Ltd. General Manager Guo Liming as he inspects a nuclear reactor under construction at the nuclear power plant in Taishan, southeastern China's Guangdong province.
Mattel stock briefly pops as Barbie sales prove to be unstoppable Original
By Lisa Fickenscher April 23, 2021 | 2:22pm | Updated April 23, 2021 | 2:23pm Enlarge Image Mattel shares briefly surged to their highest level since April 2017. Bobby Yip/Reuters Mattel experienced a short-lived surge in its stock price on Friday thanks to a blowout quarter fueled by continued demand for Barbie — who’s become unstoppable since the pandemic took hold.
China waiting out Hong Kong protests, but backlash may come
FILE - In this Sunday, July 21, 2019, file photo, the National Emblem of the People's Republic of China is covered in black paint thrown by protesters outside the Chinese Liaison Office in Hong Kong. China’s central government has dismissed Hong Kong pro-democracy protesters as clowns and criminals while bemoaning growing violence surrounding the monthslong demonstrations.
China waiting out Hong Kong protests, but backlash may come
FILE - In this Sunday, July 21, 2019, file photo, the National Emblem of the People's Republic of China is covered in black paint thrown by protesters outside the Chinese Liaison Office in Hong Kong. China’s central government has dismissed Hong Kong pro-democracy protesters as clowns and criminals while bemoaning growing violence surrounding the monthslong demonstrations.
China waiting out Hong Kong protests, but backlash may come
FILE - In this Sunday, July 21, 2019, file photo, the National Emblem of the People's Republic of China is covered in black paint thrown by protesters outside the Chinese Liaison Office in Hong Kong. China’s central government has dismissed Hong Kong pro-democracy protesters as clowns and criminals while bemoaning growing violence surrounding the monthslong demonstrations.
China waiting out Hong Kong protests, but backlash may come
FILE - In this Sunday, July 21, 2019, file photo, the National Emblem of the People's Republic of China is covered in black paint thrown by protesters outside the Chinese Liaison Office in Hong Kong. China’s central government has dismissed Hong Kong pro-democracy protesters as clowns and criminals while bemoaning growing violence surrounding the monthslong demonstrations.
China waiting out Hong Kong protests, but backlash may come
FILE - In this Sunday, July 21, 2019, file photo, the National Emblem of the People's Republic of China is covered in black paint thrown by protesters outside the Chinese Liaison Office in Hong Kong. China’s central government has dismissed Hong Kong pro-democracy protesters as clowns and criminals while bemoaning growing violence surrounding the monthslong demonstrations.
China waiting out Hong Kong protests, but backlash may come
FILE - In this Sunday, July 21, 2019, file photo, the National Emblem of the People's Republic of China is covered in black paint thrown by protesters outside the Chinese Liaison Office in Hong Kong. China’s central government has dismissed Hong Kong pro-democracy protesters as clowns and criminals while bemoaning growing violence surrounding the monthslong demonstrations.
China waiting out Hong Kong protests, but backlash may come
FILE - In this Sunday, July 21, 2019, file photo, the National Emblem of the People's Republic of China is covered in black paint thrown by protesters outside the Chinese Liaison Office in Hong Kong. China’s central government has dismissed Hong Kong pro-democracy protesters as clowns and criminals while bemoaning growing violence surrounding the monthslong demonstrations.
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