PwC to let go 50 partners, have 30pc pay cuts in HK: reports
PwC sign is seen in the lobby of their offices in Barangaroo, Australia June 22, 2023. REUTERS
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South China Morning Post
7 hours ago
- South China Morning Post
David Hayes ‘thrilled' as Jockey Club confirms it has secured The Everest slot for Ka Ying Rising
It is full steam ahead to the Group One The Everest (1,200m) for a 'thrilled' David Hayes and Ka Ying Rising after the Hong Kong Jockey Club confirmed on Thursday it has acquired a slot for the A$20 million (HK$102 million) sprint on October 18. Talk of Ka Ying Rising heading to The Everest has been bubbling away for most of the Hong Kong season and slot negotiations got under way months ago, with Hayes pleased the deal has been locked away. 'I'm absolutely thrilled it's been finalised and I'm thrilled the club has organised the best deal possible for the owner, which is the most important thing for me,' he said. Jockey Club executive director of racing, Andrew Harding, confirmed the club has secured the Australian Turf Club's (ATC) The Everest slot for two years with the potential to extend. 'The club has entered into an agreement with the ATC for rights to use its The Everest slot,' he said. Trainer David Hayes. 'For this year, the club will use the slot to enable Ka Ying Rising to take part in The Everest. 'In future years, we will use the slot to either facilitate a Hong Kong horse running or to target Australian or New Zealand sprinters to come onto the Hong Kong International Races after The Everest.' HK Racing News Get updates direct to your inbox Sign up Best Bets Racing News By registering you agree to our T&Cs & Privacy Policy Error: Please enter a valid email. The email address is already in use. Please login to subscribe. Error, please try again later. THANK YOU You are one the list. The 12 slots have traditionally been valued at a minimum of A$700,000 each – the prize money for finishing from seventh to 12th – with varying deals struck between slot holders and horse owners. While it's unknown what percentage of winnings will go to Ka Ying Rising's owners the Ka Ying Syndicate, there seems little doubt they will be on the right end of one of the better deals in The Everest's eight-year existence. 'Unsurprisingly, the opportunity to share in the prize money is not the club's focus. What we want is to create an opportunity for a suitable Hong Kong horse to compete in the race on terms that are favourable to the Hong Kong owner,' Harding said. 'Likewise, if at some point we make the slot available to a runner from Australia or New Zealand, the focus would be on attracting top-quality runners from there to campaign here in December.' HE DOES IT AGAIN! 🚀 Ka Ying Rising makes it 12 straight wins, four Group 1s and a HK$5 million Speed Series bonus with victory in the 2025 Chairman's Sprint Prize... @zpurton #FWDChampionsDay | #HKracing — HKJC Racing (@HKJC_Racing) April 27, 2025 Hayes confirmed he is still tossing up whether to give four-time Group One winner Ka Ying Rising a run in Hong Kong before he flies to Sydney for The Everest. The opening-day Class One his superstar snared last year, the HKSAR Chief Executive's Cup (1,200m), is Hayes' only option, however he remains unsure whether he wants to run the world's best sprinter under top weight on September 7. 'I'm going to work him as if he's heading towards [the Chief Executive's Cup]. Last year I went into it with one trial, but this year if he runs he'll probably go into with two trials,' said Hayes. 'If he doesn't run, he'll have an exhibition gallop. But in the back of my mind I'm wary that when The Everest hits he'll be six months without a run, which is a long time.' After giving Ka Ying Rising a month off after he completed his perfect eight-win season in April's Group One Chairman's Sprint Prize (1,200m), Hayes is now beginning to up the sprinter's work. The trainer is eyeing a two-race Australian expedition for his superstar, with the Russell Balding Stakes (1,300m) at Rosehill on November 1 also on the cards for the $2 The Everest favourite.
South China Morning Post
10 hours ago
- South China Morning Post
Australia's Albanese to meet China's Xi in Beijing this summer: source
Australian Prime Minister Anthony Albanese is set to become the latest world leader to travel to Beijing for trade talks, as countries around the world scramble to navigate the turbulence unleashed by US President Donald Trump's tariff policies. The Australian leader is expected to arrive in the Chinese capital in July or August, a source with knowledge of the situation told the Post on condition of anonymity, with the European Union also scheduled to hold a crunch summit with China during the same period. 'Albanese is expecting to meet with [President] Xi Jinping during his visit,' the source said. Since he was first elected in 2022, Albanese has worked to thaw the economic tensions with China caused by his more hawkish predecessors, paving the way for Beijing to ease import curbs on Australian coal, wine, lobster and other goods. Engagement with China is expected to remain a priority for Albanese during his second term, after his Labor Party won a decisive victory over the opposition Liberal-National Coalition in Australia's federal election last month. 'It's a trip to engage with Australia's largest trading partner,' the source said. 'Australian people voted for Albanese again because he can stabilise the Australia-China relationship.'
The Standard
a day ago
- The Standard
HK stocks rise with regional shares as Sino-US talks expected soon
The Hang Seng Index rose 168 points, or 0.72 percent, to 23,680 at the midday break. SING TAO
