Hong Kong Exchange Is ‘Closely Monitoring’ Incoming Typhoon

Hong Kong's airport is set to suspend all flights from 6 p.m. on September 23 until 6 a.m. on September 25 due to the impending threat of Super Typhoon Ragasa. This decision highlights the serious impact of extreme weather on travel and safety, as the region braces for potentially severe conditions.

Adrian Cheng, previously the CEO of New World, has launched Almad Group, a firm dedicated to supporting digital assets and transformative industries. This move signifies a new direction for Cheng, who was once viewed as the heir to one of Hong Kong's wealthiest families. The establishment of Almad Group not only highlights Cheng's commitment to innovation but also reflects the growing importance of digital assets in today's economy.

Chery Automobile, a prominent Chinese car manufacturer, is set to price its shares at the top of the range for its upcoming IPO in Hong Kong, according to sources. This move reflects strong investor interest and confidence in the company's growth potential, especially as the automotive market continues to evolve. The successful pricing could pave the way for more Chinese companies to enter the international market, showcasing the resilience and ambition of China's automotive sector.

Shares of BYD Co. dropped in Hong Kong following reports that Warren Buffett's investment firm has completely divested its stake in the electric vehicle manufacturer. This news has negatively impacted investor sentiment, raising concerns about the company's future prospects and market confidence.

Hong Kong's airport is set to close for 36 hours due to an impending super typhoon, which poses significant risks to safety and travel. This closure is crucial as it ensures the safety of passengers and staff during extreme weather conditions. The impact of such a storm can disrupt travel plans for thousands, highlighting the importance of preparedness in the face of natural disasters.

Hong Kong International Airport is considering a significant 36-hour closure of all passenger flights due to an impending super typhoon, marking the longest shutdown in recent history. This decision highlights the severity of the weather threat facing the Asian financial hub, which could disrupt travel plans for thousands and impact the local economy. It's a crucial moment for the region as it prepares for one of the strongest storms in years.

New World Development Co. is negotiating with Hong Kong's Airport Authority to lower rental costs at its 11 Skies mall. This move comes as the company faces a severe liquidity crisis, highlighting the ongoing struggles of the Hong Kong retail sector. The outcome of these discussions could significantly impact the future of the mall and the broader economic landscape in Hong Kong.

Hong Kong International Airport is considering a significant 36-hour closure of all passenger flights as it prepares for one of the strongest super typhoons in years. This unprecedented move highlights the severity of the impending storm and its potential impact on travel and the economy in the region, making it a critical situation for both residents and travelers.

Super Typhoon Ragasa has intensified and is on a collision course with Northern Luzon in the Philippines, raising serious concerns for local crops and prompting urgent evacuation orders. This situation is critical as the region braces for potentially devastating impacts, highlighting the ongoing challenges posed by extreme weather events.

Cathie Wood, the founder and CEO of Ark Investment Management, shared her insights on Bloomberg Television regarding the implications of President Trump's decision to limit H-1B visas and its potential effects on Silicon Valley. She also highlighted the competitive landscape in artificial intelligence and discussed the unique situation surrounding the U.S. acquisition of TikTok from its Chinese owners. This conversation is significant as it touches on key issues affecting the tech industry and immigration policies.

U.S. lawmakers, led by Rep. Adam Smith, are advocating for increased military dialogue with China, a move welcomed by Premier Li Qiang during his recent visit. This initiative is crucial as it aims to enhance communication between the two nations' militaries, reducing the risk of misunderstandings and fostering a more stable relationship. Such dialogue could pave the way for better cooperation on global issues, making it a significant step in U.S.-China relations.

HSBC has reassured that the recent increase in H-1B visa costs for foreign employees in the US is manageable for the bank. With fewer visa holders compared to its competitors, HSBC feels well-positioned to handle the changes. This is significant as it highlights the bank's adaptability in a challenging regulatory environment, ensuring that it can continue to attract talent without major disruptions.

Russia has requested the International Civil Aviation Organization (ICAO) to reconsider the sanctions imposed on its aviation sector, citing safety concerns. This move highlights the ongoing tensions between Russia and the international community, particularly regarding air travel regulations. Easing these sanctions could potentially improve safety standards and operational capabilities for Russian airlines, which is crucial for both domestic and international flights.

European shares remained flat as gains in the mining and tech sectors offset declines in the automotive industry. This balance reflects the ongoing volatility in the market, highlighting how different sectors can influence overall performance. Investors are closely watching these trends as they navigate their portfolios amidst fluctuating economic conditions.

A recent cyberattack has led to the cancellation of numerous flights at Brussels Airport, causing significant disruption for travelers. This incident highlights the growing threat of cyberattacks on critical infrastructure, raising concerns about security measures in place to protect such vital services. As airports increasingly rely on digital systems, the impact of such attacks can be far-reaching, affecting not just travel plans but also the economy and public safety.