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SK Telecom has reported a 15.6% year-on-year decline in net profit for the third quarter to 322.1 billion won ($281 million), due to factors including the impact of Samsung’s Galaxy Note 7 recall. Operating revenue fell 0.4% to 4.24 trillion won due to a…
Hong Kong home prices will fall a further 10 percent as a pipeline of new developments is met by stalling income growth and looming interest rate hikes, Nomura Holdings Inc. said in a report. “We are bearish on the physical property market, on a weakening…
Hong Kong’s property market has yet to stabilize and could fall by 5-10% in the second half of the year, according to leading developer Wheelock. “Given the global uncertainties arising from Brexit and volatility in the currency market and oil prices, a 5-10%…
