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  • Hong Kong shares battered by Chinese corruption probe

    HONG KONG -- The Hang Seng Index ended slightly lower Tuesday as a corruption investigation at a major state-run company in China rattled investors returning from a long Easter weekend. Chinese state-run media reported on Saturday the dismissal

    April 23, 2014 05:12 am JST
  • For lackluster Hong Kong stocks, some hope from the mainland

    HONG KONG -- China's economic slowdown and ailing financial system have had the Hang Seng Index seesawing near the 22,000 mark. Now a program that would allow Chinese retail investors to buy and sell Hang Kong-listed shares through their mainland br

    April 21, 2014 12:30 pm JST
  • Hawkish Xi boosts China defense stocks

    HONG KONG -- China's defense industry stocks have risen because of expectations that Beijing will accelerate the already fast growth of the country's military. Recent comments by President Xi Jinping's have added fuel to expectations. He recentl

    April 20, 2014 07:00 am JST
  • China's Alibaba seen topping Facebook with upcoming IPO

    SILICON VALLEY -- Anticipation is growing in the stock market that Chinese e-commerce giant Alibaba Group Holding will rake in more cash than any other Internet company, including Facebook, when it goes public in the U.S. Alibaba is preparing to

    April 19, 2014 01:47 am JST
  • Investors sweet on Tencent after Candy Crush news

    HONG KONG -- Shares in Tencent Holdings climbed again Thursday on word that the Internet company will introduce the popular Candy Crush Saga video game to China. The stock rose as much as 2% to 532 Hong Kong dollars ($70) before closing 0.76% hi

    April 18, 2014 05:46 am JST
  • Citic realigning for Hong Kong 'listing'

    HONG KONG -- Chinese state-owned investment company Citic Group will effectively bring itself to the Hong Kong stock market by concentrating its assets in a unit already listed there, broadening Citic's fundraising options. The subsidiary, Citic

    April 17, 2014 05:21 am JST
  • What slowdown?

    HONG KONG -- Coveted treasures from the art world are selling for record-breaking prices amid economic uncertainties. Sotheby's on April 8 wrapped up its five-day spring auction in Hong Kong with total sales of 3.42 billion Hong Kong dollars ($4

    April 17, 2014 12:00 am JST
  • Money raised via Asian IPOs quadrupled last quarter

    HONG KONG -- Corporations procured a total of $14 billion through initial public offerings in the Asia-Pacific region during the January-March quarter, four times as much as a year earlier. The figure accounts for 41% of the global tally, accord

    April 16, 2014 04:01 am JST
  • Stephen Grenville: IMF ignores its own data on emerging economies

    Christine Lagarde, managing director of the International Monetary Fund, told the Group of 20 summit in St. Petersburg last September: "Just as some advanced economies have begun to gather momentum, many emerging markets are slowing." With this warn

    April 15, 2014 01:00 pm JST
  • Price gap shrinks between Hong Kong, Shanghai shares

    NORIYUKI DOI, Nikkei staff writerSHANGHAI -- The price difference between stocks of companies listed on both the Hong Kong and Shanghai bourses is narrowing after China on Thursday announced plans to lift a ban on investment between the two exchange

    April 11, 2014 11:53 pm JST
  • Bank of Ayudhya, BTMU team up to challenge Thailand's 'Big Four'

    BANGKOK -- Bank of Ayudhya (BAY), Thailand's fifth-largest bank by assets, is set to catch up to the country's "Big Four" banks in both domestic and global operations under its new parent, Japan's Bank of Tokyo-Mitsubishi UFJ (BTMU). While demand fo

    April 11, 2014 01:00 pm JST
  • Shanghai, Hong Kong bourses to connect: Premier Li

    HONG KONG (Kyodo) -- Chinese Premier Li Keqiang said Thursday that stock markets in Shanghai and Hong Kong will test-run a connectivity scheme to boost the opening up of the mainland's capital market. The scheme, called Shanghai-Hong Kong Stock

    April 10, 2014 09:38 pm JST
  • Bank of Ayudhya, BTMU team up to challenge Thailand's 'Big Four'

    BANGKOK -- Bank of Ayudhya (BAY), Thailand's fifth-largest bank by assets, is set to catch up to the country's "Big Four" banks in both domestic and global operations under its new parent, Japan's Bank of Tokyo-Mitsubishi UFJ (BTMU). While demand fo

    April 10, 2014 12:00 am JST
  • Thailand's Betagro hatches Japanese egg-and-rice plan

    BANGKOK -- Thai agriculture business conglomerate Betagro is bringing Japanese omu-raisu -- eggs stuffed with fried rice -- to the Southeast Asian nation. It will work with the Japanese restaurant chain operator Pomme Food on the launch of a new omu

    April 9, 2014 04:31 pm JST
  • Macau's Melco Crown eager to take gamble on Japanese casino

    TOKYO -- Macau gaming giant Melco Crown Entertainment would jump at the chance to enter the Japanese market if the country were to lift its ban on casinos, Chief Executive Officer Lawrence Ho told The Nikkei in an interview here on Tuesday. Melc

    April 9, 2014 03:09 am JST
  • Plenty of Asian talent in Silicon Valley; lots of hurdles back at home

    SILICON VALLEY -- Asians do a lot of Silicon Valley's innovating. Meet Soujanya Bhumkar. He was born in Mumbai, studied management at the University of Chicago and made his way to Silicon Valley in the late 1990s. In 2006, he founded Cooliris, t

    April 7, 2014 01:00 pm JST
  • DBS chief Gupta tops Singapore banker pay scale at S$9.2M

    SINGAPORE -- Piyush Gupta, chief executive of DBS Group Holdings, was the highest paid CEO of Singapore's three biggest banks. He received 9.204 million Singapore dollars ($7.28 million) in 2013, down 1% from a year earlier, with the bank's lower ea

    April 7, 2014 01:00 pm JST
  • Japan's parcel-delivery companies find growth by boosting convenience

    TOKYO -- Japanese strawberries were hot sellers in suburban Hong Kong this winter. At about $20 for a pack of 12, they were not cheap, but people could not seem to get enough of them. They were selling out so often that people were placing advance o

    April 6, 2014 01:00 pm JST
  • HK IPOs: the 'new regime' is still on slow speed

    A new regime for sponsors of initial public offerings and the vetting of new listing applications in Hong Kong entered its second phase on April 1. Regulators and investors alike hope that the changes will ultimately result in better disclosure and

    April 3, 2014 07:00 pm JST
  • CapitaLand buys Hong Kong serviced residence for HK$545 million

    SINGAPORE -- CapitaLand, Singapore's largest real estate developer, bought a serviced residence in Hong Kong for 545 million Hong Kong dollars ($70 million). The purchase was made by The Ascott, CapitaLand's wholly owned subsidiary. The purchase ref

    April 3, 2014 01:00 pm JST