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Hang Seng Index is world’s worst performer this week as political turmoil takes toll on economy

Hong Kong stocks ended the week as the world’s worst-performing major equity market after concerns heightened that the political unrest has already taken a heavy toll on the city’s economy.The Hang Seng Index dropped 3.4 per cent for the week, delivering the steepest decline among the world’s major benchmarks. It slipped 0.1 per cent to 26,435.67 on Friday.The protests, which started in June because of Hongkongers’ opposition to the now shelved extradition bill, have already weighed on retail… Source link

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Causeway Bay’s retail vacancy rate to soar, with one in 10 shops standing empty as Hong Kong’s street rallies enter their 15th week

One in every 10 shops in Causeway Bay now stands empty, as three months of protest rallies have deterred visitors from the world’s most expensive shopping district, adding to the woes of a retail industry that is already suffering from a weakening yuan and mainland China’s abolition of luxury tax.As many as 102 shops stood empty out of 1,087 in August in the district, or a vacancy rate of 9.4 per cent, according to data by the real estate agency Midland IC&I, which noted that the tenant-free… Source link

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Singapore 

500 free bowls of yong tau foo, $8 IPL treatment & other deals this week, Lifestyle, Singapore News

We scour the island for the best deals to help you stretch your dollar, and keep you in the loop on the hottest shopping trends. ‘Cos good things must share. 500 FREE BOWLS OF YONG TAU FOO Newly-opened eatery Fu Er Dai serving yong tau foo and an array of local dishes will be dishing out 500 bowls of yong tau foo for free — all in support for Cerebral Palsy Alliance Singapore. The promotion will start from Monday to Wednesday (Sept 16 to 18) and restart next week (Sept 23 to 25) from 11am…

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Vietnam 

Gia Lai Electricity to trade 204 million shares on HOSE next week – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  TTC Phong Điền solar power plant. Nearly 204 million shares of Gia Lai Electricity JSC will start trading on the Hồ Chí Minh Stock Exchange on September 19. — Photo geccom.vn HÀ NỘI – The Hồ Chí Minh Stock Exchange has approved the listing of nearly 204 million shares of Gia Lai Electricity Joint Stock Company under the code GEG. The first trading day is September 19 at the reference price of VNĐ27,490 (US$1.18) per share, slightly higher than its closing price of VNĐ27,400 on the Unlisted Public Company…

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China 

China tipped to start rate cutting ‘road map’ as early as next week, as economic slowdown deepens

As pressure builds on China’s central bank to contain the impacts of the ongoing US trade war and a broad-based economic slowdown, analysts are tipping it to start an extended cycle of interest rate cuts as early as next week, through its new Loan Prime Rate system.This would bring the People’s Bank of China (PBOC) into line with a global monetary easing cycle led by the US Federal Reserve and the European Central Bank and follows the PBOC’s decision on Friday to pump 900 billion yuan (US$126… Source link

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Singapore 

McDonald’s offers 40 days of 1-for-1 deals & other deals this week , Lifestyle, Singapore News

We scour the island for the best deals to help you stretch your dollar, and keep you in the loop on the hottest shopping trends. ‘Cos good things must share. 40 DAYS OF MCDONALD’S 1-FOR-1 DEALS McDees has launched its ’40 Days of Thank You’ promotion to reward customers for their support. Those with the McDonald’s app will be able to enjoy 1-for-1 daily deals from Sept 9 till Oct 18. The promotion kicked off with a 1-for-1 McSpicy a la carte deal (till Sept 11) via the app. Deals can only…

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Lived-in home prices in Hong Kong’s battlefield districts suffer the biggest declines as protest rallies extend into their 14th week

As Hong Kong’s unprecedented spate of civic unrest stretches into its 14th week, a slowdown in the world’s most expensive home market is showing varying effects across different districts, proving the adage that location is everything in real estate.The prices of lived-in homes near the Olympic subway station in western Mong Kok district, a densely populated neighbourhood that was the scene of clashes between protesters and police, have declined the most since June, according to data by… Source link

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Singapore 

Free reusable cup from Starbucks, 1-for-1 Sukiya shabu buffet & other deals this week , Lifestyle, Singapore News

We scour the island for the best deals to help you stretch your dollar, and keep you in the loop on the hottest shopping trends. ‘Cos good things must share. FREE REUSABLE CUP FROM STARBUCKS Now there’s less of an excuse not to do your part for the environment. US coffee chain Starbucks is celebrating their 99 per cent ethically sourced coffee on Sept 9, by giving away a reusable cup with the purchase of any Grande or Venti-sized handcrafted beverage. It’s limited to one redemption per customer, while stocks last.…

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Singapore 

Pay-as-you-wish at Nando’s, $16.90 Pizza Hut buffet & other deals this week, Lifestyle, Singapore News

We scour the island for the best deals to help you stretch your dollar, and keep you in the loop on the hottest shopping trends. ‘Cos good things must share. PAY-AS-YOU-WISH AT NANDO’S To celebrate its nationwide makover, Nandos Singapore is having a pay-as-you-wish promotion for one day only. The promotional event will only be at Plaza Singapura, from 12pm to 3pm (last order 2.30pm), and 6pm to 9pm (last order 8.30pm), terms and conditions apply. PHOTO: Nando’s Singapore Customers may donate any amount for their meal (up to a…

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Three firms file for IPO in Hong Kong, suggesting a thawing of sentiment as protests run into 12th week

Three companies filed for initial public offering (IPO) in Hong Kong on Wednesday night, suggesting sentiment for fundraising may be starting to thaw, more than 12 weeks into a series of increasingly volatile anti-government protests that have shaken social and financial stability.Jiumaojiu International Holdings Limited, a restaurant chain boasting “affordable delicacies” in China, was one of them. Its specific fundraising target is pending.The other two firms that filed for IPO are Huisen… Source link

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