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LONDON/HONG KONG (Reuters) - Many global companies from hotels and airlines to industrial houses are expected to have to foot the bill for disruptions caused by a new coronavirus in China, with epidemics usually excluded from insurance cover, experts said.
(Reuters) - Tesla
HONG KONG (Bloomberg): The Hong Kong government is usually eager to play up the city's resilience in the face of economic calamity, like the bounce-back after the Asian financial crisis and its recovery following the 2003 Sars epidemic.
HONG KONG: The first of Hong Kong’s new generation of digital banks has announced its arrival with a 6% introductory rate for deposits. ZA Bank Ltd., one of eight firms preparing to start digital-only banks in Hong Kong, has begun a trial run that pays a select group of depositors over 3 percentage points.
BANGKOK: Thailand is laying the foundations for standalone digital banks as it strives to catch up with other Asian markets that are allowing such changes, according to its central bank governor.
SINGAPORE (The Straits Times/ANN): While recovering, economic growth in Singapore is likely to remain subdued in 2020, which HSBC Private Bank has said could result in a fiscal stimulus package that may be the largest in a decade.
HONG KONG: The iconic bronze lions that have "guarded" the HSBC head office in Hong Kong since the 1930s were covered-up by large boxes on Friday (Jan 3), awaiting repairs after being vandalized and set alight during a chaotic first protest of the year.
HONG KONG: HSBC Holdings Plc condemned acts of vandalism against its property on Wednesday (Jan 1), saying it believes they are "unjustified.” Protesters lit a fire at one branch and sought to deface iconic lion statues in front of its Hong Kong headquarters.
HONG KONG: Hong Kong protesters rang in the new year with a mass march through downtown areas, but what was promised to be a peaceful gathering turned out otherwise despite rally organisers getting the go-ahead from local police.