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HK airport traffic drops most in years

Bloomberg Hong Kong International Airport’s passenger numbers fell for the first time in a decade last year, as months of anti-government protests deterred people from coming to the city. The airport handled 71.5 million passengers in 2019, a decline of 4.2% from a record 74.6 million the previous year, the Airport Authority of Hong Kong said. That meant Hong Kong ...

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Richemont soars on holiday jewellery sales, watch rebound

Bloomberg Richemont shares rallied the most in three years as strong appetite for Cartier jewellery and IWC watches during the holiday season signalled consumers still want to splurge on luxurious bling. The improvement comes as a relief to investors after a first half that was marred by protests and store closures in Hong Kong and contracting profitability in the jewellery ...

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Citadel Securities agrees to $97mn settlement in China

Bloomberg Citadel Securities LLC agreed to pay a 670 million-yuan ($97 million) settlement for alleged trading irregularities during the 2015 market rout in China. The settlement was announced by the China Securities Regulatory Commission in a statement on its website. With that, the regulator has ended investigation into suspected account and asset management rule violations, it said, without giving more ...

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