News Snapshot:
Wharf Real Estate Investment Company (Wharf Reic), which owns Hong Kong’s Harbour City and Times Square shopping centres, reported a net loss for the first half of the year – its first interim loss in 18 months – as it signalled a cautious market outlook amid interest rate hikes and geopolitical tensions. The company reported a net loss of HK$1.47 billion (US$187 million) for the six months ended June 30, compared to a profit of HK$2.97 billion in the first half of 2021, according to an exchange filing on Thursday. Revenue came in at HK$6.21 billion, down 17 per cent...
