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Northern Territory
The latest news, analysis and opinion on Northern Territory. In-depth analysis, industry insights and expert opinion.
Capital
Darwin
Head of Government
Chief Minister Lia Finocchiaro
US President Joe Biden poses with other leaders during the 2022 Asean summit in Phnom Penh. Photo: Reuters
Asean

Biden skips Southeast Asia summits – is it a snub or strategy shift?

Biden’s absence does not necessarily indicate weaker US interest in Southeast Asia but rather a shift in engagement strategy, analysts say.

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Australia

‘I regret nothing’: Australia to jail self-described Nazi for salute

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Hong Kong stock market

Hong Kong stocks fall as profit-taking halts China onshore market frenzy

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Hong Kong stock market

Hong Kong stocks hit 20-month high as China frenzy continues

Stocks jumped for a sixth straight day as gains snowballed to US$3 trillion since Beijing unveiled its biggest stimulus package in this cycle.

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Pedestrians walk past a stock ticker outside the Exchange Square in Central. Photo: EPA-EFE
Electric & new energy vehicles

Chinese premium EV maker Xpeng adds Qatar to export list

Firm is one of several stepping up international expansion efforts as ferocious domestic competition continues to ravage profit margins.

Hong Kong stock market

Hang Seng Index posts biggest weekly gain in 5 months

Hong Kong stocks rose, with the city’s benchmark logging its biggest weekly gain in nearly five months, taking cues from a global rally.

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Business of climate change

China’s world-leading electric-bus maker Yutong touts new tech as exports grow

With quick-charge batteries from CATL, firm aims to extend driving range by 10 per cent while cutting operating cost by 20 per cent.

Yutong Bus showcases new versions of its electric busses at Australia’s National Bus and Coach show in Brisbane on September 17, 2024. Photo: Eric Ng
Banking & finance

Hong Kong banks trim prime rates halfway after Fed’s bold slash

For a typical HK$5 million, 30-year loan priced at prime minus 1.75 per cent, a quarter-point cut in prime rates will save mortgage borrowers HK$720 per month.

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China stock market

Chinese stocks edge up slightly; investors await Fed rate decision

Chinese stocks rebound from their lowest levels in more than five years as investors await a rate decision from the US Federal Reserve.

Hong Kong stock market

Hong Kong stocks rise, developers up on expected Fed move; Midea surges

Hong Kong stocks jumped as local developers rallied ahead of an expected Fed rate cut, while appliance maker Midea surged on its debut.

Outside Hong Kong’s stock exchange. Photo: Reuters
Bonds

Hong Kong, Macau to link bond markets to foster debt finance growth

The Hong Kong Monetary Authority (HKMA) will link its Central Moneymarkets Unit (CMU) to Macau Central Securities Depository and Clearing.

Tourists at the Ruins of St. Paul, one of the iconic tourist attractions in Macau, on 3 July 2024. Photo: Elson Li.
China economy

China’s fading hunger for grain spells trouble for world farmers

Warehouses across China are bulging with grain amid a deepening economic crisis, reducing imports and straining the world’s farmers.

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Hong Kong stock market

Hong Kong stocks climb as weak China data boosts hopes for stimulus

Hong Kong stocks reverse earlier losses as weak China data spurs hope for more stimulus from Beijing.

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Hong Kong stock market

Hong Kong stocks rise on speculation about China mortgage-rate cuts

Hong Kong stocks jump for a second day as mainland developers rally on speculation about mortgage-rate cuts.

Exchange Square in Central. Photo: Bloomberg
Hong Kong stock market

Alibaba, WuXi lead Hong Kong stock rebound on inflows, Fed rate focus

Mainland investors were net buyers of HK$11.6 billion worth of Alibaba shares since it became an eligible component in the Stock Connect scheme this week.

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An electronic ticker displays stock figures in Pudong’s Lujiazui Financial District in Shanghai on August 14, 2024. Photo: Bloomberg
Banking & finance

HSBC tops global dividend payout list; Asia-Pacific lags behind rest of world

HSBC emerged as the world’s largest dividend payer last quarter, China Mobile led Hong Kong peers as Asia-Pacific firms trailed rest of the world.

Hong Kong stock market

Hong Kong stocks dip to 1-month low amid slumping oil prices

Chinese oil producers Sinopec and CNOOC led the decline after prices fell more than 4 per cent overnight to an almost three-year low.

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Hong Kong stock market

Alibaba rally, China export surprise lift Hong Kong stocks

Hong Kong stocks edged up on an Alibaba rally and strong export data from China, while mainland developers tumbled.

Outside Hong Kong’s stock exchange. Photo: SCMP/Jonathan Wong
China stock market

Hong Kong stocks slide to 3-week low as Citigroup cuts target on weak outlook

Citigroup lowered its Hang Seng Index target by 3 per cent in a note on Monday, citing weak consumption and corporate earnings outlook.

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Hong Kong stock market

China’s stocks fall on growth jitters, Typhoon Yagi disrupts Hong Kong markets

Chinese stocks dropped after the nation’s central bank hinted at easing monetary policy, underscoring worries about growth. Also, expectations built for more consolidation in the brokerage industry

Hong Kong stock market

Hong Kong stocks cap longest decline streak in month; hopes for Fed cut abound

Hong Kong stocks fell for a fourth day in a row, the longest losing streak in a month, as investors weighed the prospect of an interest-rate cut by the Federal Reserve later this month following a weak US jobs report

A man walks outside Hong Kong’s stock exchange. Photo: SCMP/Sun Yeung
Electric & new energy vehicles

China’s Changan Automobile sets up subsidiary in Germany

Company says its first subsidiary in Europe will perform marketing and engineering research to support further expansion on the continent.

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New EVs sit at a distribution center of Changan Automobile in China’s southwestern Chongqing municipality on January 14, 2024. Photo: AFP
Hong Kong stock market

Hong Kong stocks drop on weak China manufacturing, corporate results

New World Development, state-owned banks lead plunge as market slips after best monthly performance since April.

Hong Kong

Chow Tai Fook Enterprises appoints 3 co-CEOs to lead growth

Christopher Cheng, one of the three newly named co-CEOs, is a son of the Cheng family patriarch and billionaire Henry Cheng Kar-shun.

Salaries

Hongkongers are in for a letdown in 2025 as big pay raises fade amid slump: study

The average worker can expect a pay hike of 4 per cent next year, while data science and business intelligence professionals could see a raise of up to 8.3 per cent, WTW study says.

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Hong Kong firms have seen their salary budgets shrink as voluntary staff exit remains high in the city, compared with other Asian markets. Photo: Xiaomei Chen
Hong Kong stock market

Hong Kong stocks gain as Meituan, Mengniu overcome losses in EV makers

The market came alive in late trading as investors bought Meituan on better-than-expected earnings. The city’s benchmark index closed with a gain after an earlier sell-off in Chinese EV makers.

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Stock indices and prices on screens outside the Exchange Square in Central. Photo: Xiaomei Chen
Hong Kong stock market

Hong Kong stocks extend 3-week winning run as Fed signals imminent rate cut

Investors are turning optimistic after the Federal Reserve’s Jerome Powell signalled on Friday that ‘the time has come for policy to adjust.’

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Education in Hong Kong

Australian university takes Hong Kong’s lead, tightens mainland admission checks

University of New South Wales says applicants must submit official reports as additional proof for mainland Chinese academic qualifications.

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