Shopping paradise struggles as retail sales plunge

  • 2019-10-24

Suffering from both trade war and escalation of protests, retailers in Asia’s shopping paradise have endured a slump in summer. The value of sales plunges 23% in August compared with last year. Shopkeepers in popular tourist spots felt the winter of retailing is coming with hard times in both the nu …


Protesters urge massive ATM withdrawals as capital outflow fears mount

Hong Kong protesters' tactic of calling for massive withdraw of money from ATM seems to have a limited impact on the local banking system while the lingering social unrest may have seen billions of US dollars worth Hong Kong dollars fleeing to Singapore this summer. Goldman Sachs estimated between U …