Word: honge
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...concerns over the state of the U.S. economy. Losses may also continue to mount as the financial crisis in the U.S. unfolds. Major Japanese banks, for example, have some $3 billion in exposure to Lehman Bros., which filed for bankruptcy last week. Individuals have also been hurt. In Hong Kong, hundreds of residents who purchased Lehman bonds held a protest on Sunday demanding the government help secure their investments...
...injured, but residents of the building and workers at the neighboring Hong Kong restaurant were asked to evacuate. Neither Bartley’s nor the Hong Kong had yet opened for the day at the time of the fire...
...injured, but residents of the building and workers at the neighboring Hong Kong restaurant were asked to evacuate. Neither Bartley's nor the Hong Kong had yet opened for the day at the time of the fire...
Asian stock markets posted sharp gains Sept. 19 as investors grew more confident that stepped-up government efforts to contain the damage caused by the U.S. credit crunch would be effective. Japan's benchmark Nikkei index was up 3.8%, Hong Kong's Hang Seng 9.6% and the Shanghai stock index shot up 9.5%, recovering some of the steep losses suffered earlier in the week...
...scandal has also spread beyond the mainland. On Sep. 18, Hong Kong's government ordered a recall of all products made by Yili, one of China's largest dairy producers, after melamine was found in nine of the company's products. There have been no reports of any sickness among Hong Kong babies caused by those products. But the local Center for Food Safety said only two glasses of the tainted Yili milk per day could be enough to cause health problems in young children...