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  • Hong Kong protesters march, but crowd smaller than organizers hoped

    HONG KONG (Dow Jones) -- A pro-democracy rally here--the first since the three-month occupation of some major Hong Kong streets ended in December--drew a smaller-than-expected crowd for a loud, but orderly, march through areas where protesters once

    February 1, 2015 08:31 pm JST
  • Offshore deposits

    Hong Kong cracks 1 trillion yuan after conversion cap removed

    HONG KONG -- Yuan-denominated deposits in Hong Kong totaled 1.0035 trillion yuan ($129 billion) in December, breaking the 1 trillion mark for the first time, the Hong Kong Monetary Authority said Friday. The increase was attributed partly to the

    January 31, 2015 01:38 am JST
  • Alibaba doubled Asia's IPO value

    HONG KONG -- The listing of e-commerce giant Alibaba Group Holding stole the show for initial public offerings in 2014. Its $25 billion value not only doubled the total value of IPOs for Asian companies from the year before, but the choice of the Ne

    January 29, 2015 12:00 am JST
  • Hong Kong's Cheung Kong poised to grab UK's O2

    HONG KONG/LONDON -- Hutchison Whampoa, the core unit of Hong Kong conglomerate Cheung Kong Holdings, has entered into exclusive negotiations to acquire major U.K. mobile carrier O2. Hutchison will pay up to 10.25 billion pounds ($15.4 billion) to

    January 29, 2015 12:00 am JST
  • Hong Kong shares

    Credit concerns dog Chinese property developers

    HONG KONG -- Worries about cash-strapped Chinese real estate developers dragged down the blue-chip Hang Seng Index for the first time in six sessions Tuesday, with investors locking in profits ahead of the psychologically significant 25,000 mileston

    January 28, 2015 01:44 am JST
  • Bloomberry Resorts' overseas gamble

    Philippine casino operator plans leisure complex in South Korea

    MANILA -- Bloomberry Resorts has moved to purchase properties in South Korea in what could be the Philippine casino operator's first offshore expansion. Bloomberry told the Philippine Stock Exchange on Tuesday that its unit Solaire Korea signed

    January 27, 2015 06:20 pm JST
  • Hong Kong wine auction

    140-year-old Moutons on the block for 'Year of the Sheep'

    HONG KONG -- The works of Chagall, Picasso, Andy Warhol and the Prince of Wales will all be up for sale on Friday, but not in picture frames. These works are on the labels of wines from Chateau Mouton Rothschild to be auctioned by Sotheby's in Hong

    January 26, 2015 07:00 pm JST
  • International sake sales

    Small Japanese brewer sells directly to Hong Kong, Taiwan

    FUKUI, Japan -- Genpei Syuzo, a sake maker in Japan's western Fukui Prefecture, is selling directly to Hong Kong and Taiwan, a rare move for a Japanese brewery that usually uses agents to sell overseas. The brewer aims to achieve overseas sales

    January 25, 2015 01:00 pm JST
  • Shifting away from China

    Hong Kong's Cheung Kong in talks to buy UK mobile carrier O2

    HONG KONG/LONDON -- Hutchison Whampoa, the core unit of Hong Kong conglomerate Cheung Kong, has entered into exclusive negotiations to acquire major British mobile carrier O2. Hutchison will pay up to 10.25 billion pounds ($15.5 billion) to Span

    January 24, 2015 06:16 am JST
  • Tight property market

    Hong Kong shares rise as home prices stay high

    HONG KONG -- Hong Kong stocks rose Wednesday after a luxury home was sold the day before for a hefty price, underscoring a tightening real estate market here. The Hang Seng Index jumped amid a broad rise in Asian stocks. With Shanghai stocks ral

    January 22, 2015 02:22 am JST
  • OCBC's synergy strategy

    In China and Myanmar, bank sees a match made in heaven

    SINGAPORE -- As its name suggests, Oversea-Chinese Banking Corp. has leveraged the wealth and business activities of the Chinese diaspora. This has been the Singaporean institution's raison d'etre since the founding of its predecessor, Oversea-Chine

    January 22, 2015 12:00 am JST
  • Tough year widens gaps among China's property developers

    HONG KONG -- Bigger gaps than usual were seen in the sales performances of China's biggest property developers in 2014, according to data released by China Index Academy, a leading Chinese think tank. Two companies -- Greenland Group and China V

    January 22, 2015 12:00 am JST
  • In China and Myanmar, OCBC sees a banking match made in heaven

    SINGAPORE -- As its name suggests, Oversea-Chinese Banking Corp. has leveraged the wealth and business activities of the Chinese diaspora. This has been the Singaporean institution's raison d'etre since the founding of its predecessor, Oversea-Chine

    January 22, 2015 12:00 am JST
  • Stephen Grenville: Low oil prices provide a fleeting chance for reform

    If the global price of oil had jumped by 50%, there is little doubt that economic commentators would be calling it a disaster for world growth. The price has in fact fallen by more than 50% since last June, but this ray of good news has not yet pier

    January 22, 2015 12:00 am JST
  • Rail acquisition

    Cheung Kong to buy UK's Eversholt Rail

    HONG KONG -- Hong Kong conglomerate Cheung Kong Holdings on Tuesday announced that it will acquire British rail car leasing company Eversholt Rail for 2.5 billion pounds ($3.79 billion). A 50-50 joint venture will be set up between the parent co

    January 21, 2015 03:30 am JST
  • All eyes on Shanghai

    H-shares could rise in 2015

    HONG KONG -- Shares in mainland Chinese companies listed on the Hong Kong market, or H-shares, could go up this year. These shares have been lagging Shanghai stocks, which were among the world's top performers last year. The Shanghai Composite I

    January 20, 2015 01:30 pm JST
  • Executive women in Asia

    Philippines leads the region with its women in management

    SINGAPORE -- The Philippines is leading Asia with its high percentage of women in management positions, according to a recent report by the International Labor Organization. A ranking complied by the ILO shows the Philippines to be the only Asian co

    January 19, 2015 07:30 pm JST
  • Chinese real estate

    More turmoil for Hong Kong-listed developers

    HONG KONG -- A Chinese real estate developer is verging on default after authorities blocked the sale of some of its properties as rumors fly about the sector's exposure to President Xi Jinping's fight against graft. Hong Kong-listed Kaisa Group

    January 19, 2015 03:31 am JST
  • Worker health and safety

    Uniqlo operator to step up audits at supplier factories

    TOKYO -- Fast Retailing, the parent of Japanese retailer Uniqlo, will work to improve labor conditions at its supplier factories, after a Hong Kong-based nongovernmental organization criticized the harsh work environment at two sites in China. A

    January 16, 2015 06:00 am JST
  • Tightrope walk

    Hong Kong chief vows to tackle housing shortage

    HONG KONG -- Hong Kong Chief Executive Leung Chun-ying attempted a delicate balancing act Wednesday in his annual policy address at the Legislative Council, unveiling proposals to appease disgruntled young residents even as he denounced a student gr

    January 15, 2015 06:48 am JST