Cnn business news 25 may 2019 in hong kong
According to the CNN Business News archives, here are some of the top stories from May 25, 2019, in Hong Kong:
Top Stories:
- Hong Kong protests: Thousands march against extradition bill: Thousands of people took to the streets of Hong Kong to protest a proposed extradition bill that would allow the city to send suspects to mainland China for trial. The protests were peaceful, but the government has warned that the bill is necessary to plug a legal loophole.
- Hong Kong's economy grows at slowest pace in a decade: Hong Kong's economy grew at its slowest pace in a decade, with GDP expanding by just 0.6% in the first quarter. The city's economy has been struggling due to a decline in exports and a slowdown in the global economy.
- HSBC profits fall 33% as bank struggles with low interest rates: HSBC, one of the world's largest banks, reported a 33% fall in profits in the first quarter due to low interest rates and a decline in investment banking revenues.
- Hong Kong's Hang Seng index falls 2.5% as protests escalate: The Hong Kong Hang Seng index fell 2.5% on May 24, as protests against the extradition bill escalated and investors became increasingly concerned about the impact on the city's economy.
- China's economy grows at slowest pace in 29 years: China's economy grew at its slowest pace in 29 years in the first quarter, with GDP expanding by 6.4%. The slowdown has raised concerns about the impact on the global economy.
Other News:
- Hong Kong's property market shows signs of cooling: Hong Kong's property market, which has been a major driver of the city's economy, is showing signs of cooling, with prices falling for the first time in three years.
- Cathay Pacific's profits fall 92% due to Hong Kong protests: Cathay Pacific, Hong Kong's flagship airline, reported a 92% fall in profits in the first quarter due to the impact of the protests on air travel.
- Hong Kong's tourism industry struggles due to protests: Hong Kong's tourism industry is struggling due to the protests, with visitor numbers falling by 10% in April compared to the same period last year.
These are just some of the top stories from CNN Business News on May 25, 2019, in Hong Kong. If you're looking for more information or specific articles, please let me know!