The downgrade will have implications for the borrowing costs of companies and the government in Hong Kong. Photo: Bloomberg

Carrie Lam hits back at Fitch downgrade of Hong Kong’s credit rating amid anti-government protest turmoil

  • City drops from AA+ to AA, its outlook switching from stable to negative
  • Hong Kong leader slams move, saying government is stopping violence and chaos
Topic |   Hong Kong economy

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The downgrade will have implications for the borrowing costs of companies and the government in Hong Kong. Photo: Bloomberg
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A broken traffic light in Causeway Bay, a day after protests in the popular shopping district. Photo: Nora Tam

Citibank says Hong Kong credit card spending dropped in August amid protests

  • Industries such retail, restaurants and hotels ‘quite quiet’, executive says
  • Drop follows a 11.4 per cent year-on-year slump in Hong Kong’s July retail sales
Topic |   Banking & Finance

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A broken traffic light in Causeway Bay, a day after protests in the popular shopping district. Photo: Nora Tam
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