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  • Samudra Energy IPO attracts Chinese tycoons

    KUALA LUMPUR -- Singapore-based Samudra Energy has enticed billionaires Li Ka-shing, Robert Kuok and Quek Leng Chan as cornerstone investors for its upcoming listing in Singapore. The upstream oil and gas company is being floated to raise between

    July 31, 2014 10:46 pm JST
  • Chinese investors continue scooping up British brands

    LONDON -- The wave of Chinese investment in the U.K. is showing no signs of cresting. China- and Hong Kong-based private equity firms are snapping up Western brands, and Britain, with its open economy and numerous well-established companies, is seen

    July 31, 2014 12:00 am JST
  • OCBC acquires 97.52% of Wing Hang Bank shares

    SINGAPORE -- Singapore's Oversea-Chinese Banking Corp. announced Tuesday that it has secured 97.52% of Hong Kong's Wing Hang bank shares. OCBC will soon apply to delist Wing Hang from the Hong Kong stock exchange. OCBC's $5 billion deal to acqu

    July 30, 2014 02:50 pm JST
  • Asia's emerging countries need to move away from nepotism, cronyism

    TOKYO -- On April 30, Malaysian business tycoon Liew Kee Sin resigned as CEO of SP Setia, the country's leading property developer, without drawing much public attention. For 18 years, Liew led SP Setia's aggressive drive to develop high-end res

    July 26, 2014 01:00 pm JST
  • Hong Kong's NWS to buy Guangdong expressway operator

    HONG KONG -- Infrastructure company NWS Holdings will pay 2.56 billion yuan ($412 million) for a 51% stake in the operator of a Chinese highway. NWS expects the deal to give it stable revenues from tolls collected on part of the Erguang Expressw

    July 24, 2014 05:43 am JST
  • Diverging from the conventional shop

    TOKYO -- Every day, 7-Eleven scatters a few new shops around the world. As of the end of March, the number of stores displaying the orange, green and red logo came to 52,811, up 54% from six years earlier. A lot of those stores opened in Asia. T

    July 24, 2014 12:00 am JST
  • 7-Eleven's regional numbers game

    Saturation hampering Seven-Eleven Japan's expansion? No problem. Much of the rest of Asia seems primed for convenience store growth. The chain is rapidly expanding in China and Southeast Asia. Sales at Seven & i Holdings, 7-Eleven Inc.'s parent comp

    July 24, 2014 12:00 am JST
  • Hong Kong equities unmoved by local politics

    HONG KONG -- A raging debate on political reform has erased Hong Kong's reputation for political apathy. But whether its stock market is sensitive to local politics remains an open question. In particular, international brokerages have widely di

    July 24, 2014 12:00 am JST
  • Weaponizing the world

    Military spending in 2013 showed year-on-year growth worldwide in all regions except for the U.S., Europe and Oceania. Increases were particularly high in emerging economies. China has nearly tripled its military spending over a decade, and now acco

    July 24, 2014 12:00 am JST
  • China requires a unique formula

    BEIJING/SHANGHAI -- At 7-Eleven's Jianguomen store in central Beijing, long lines of customers form at lunchtime. The white-collar and other workers are here for the Japanese-style bento packed lunches marketed as "safe, reliable and delicious."

    July 24, 2014 12:00 am JST
  • China's big property stocks stand to gain from industry shakeout

    HONG KONG -- Lifted by real estate and financial shares, the Hang Seng Index bounced back Tuesday after three straight sessions of declines to mark a new year-to-date high. Mainland Chinese real estate firms trading on the Hong Kong bourse logge

    July 23, 2014 12:42 am JST
  • Li & Fung hopes brand business spinoff strengthens its trading empire

    HONG KONG -- Li & Fung, a leading supplier of consumer goods based in Hong Kong, has spun off its brand management unit and taken it public in the Chinese territory. Global Brands Group Holding, the newly listed entity, has licenses to hundreds

    July 22, 2014 01:00 pm JST
  • Forbes to sell majority stake to group of international investors

    NEW YORK (Dow Jones) -- The Forbes family is giving up control of the business magazine which bears its name, striking a deal to sell a majority stake in Forbes Media LLC to a Hong Kong investor group for more than $300 million, according to people

    July 19, 2014 08:50 pm JST
  • Budget carrier Peach aiming to take off from Naha

    OSAKA -- Peach Aviation is building up Okinawa's Naha Airport as a second hub, looking to use it as a foothold to return to a growth track after setbacks from a pilot pinch. The Japanese low-cost carrier will begin service Saturday between Naha

    July 19, 2014 01:14 am JST
  • Japan's BBIX to set up Internet exchanges in Hong Kong, Singapore

    TOKYO -- BBIX will start offering Internet exchange services in Hong Kong and Singapore next month, aiming to reduce costs and lag time as the advent of smartphones causes network traffic to swell. Internet exchanges allow different Internet ser

    July 18, 2014 12:55 am JST
  • George Magnus: Asia looks vulnerable as Fed prepares to change its tune

    Asia-Pacific equity markets have recovered by about 8% from their nadir in February, according to the MSCI Emerging Markets Asia Index. That mirrors a global trend in which equity markets have risen strongly, especially in the U.S., while bond yield

    July 17, 2014 12:00 am JST
  • Gregory Poling: Asia's democratic growing pains

    Asia analysts have spent a considerable amount of time wringing their hands over the perceived retreat of democracy and its institutions in the region. Contested elections in Cambodia and Malaysia in 2013 fed this sense of gloom, and Thailand's mili

    July 17, 2014 12:00 am JST
  • Occupy Central roils Hong Kong markets

    HONG KONG -- Growing tensions in Hong Kong over efforts by activists to broaden the territory's democratic freedoms are rattling financial markets. The pro-democracy camp has hinted at holding an "Occupy Central with Love and Peace" protest in J

    July 17, 2014 12:00 am JST
  • Hong Kong election debate centers on direct nominations

    HONG KONG -- A report released by the Hong Kong government Tuesday advocated the direct election of the chief executive in 2017, but took a more negative view of petition-based nominations, a reform demanded by pro-democracy activists. Chief Exe

    July 16, 2014 04:51 am JST
  • Chinese telecom trio planning infrastructure venture

    HONG KONG -- Three major Chinese state-owned telecom companies have agreed to form a business for jointly preparing communications infrastructure. The new company will be capitalized at around 10 billion yuan ($1.61 billion), according to docume

    July 15, 2014 01:39 am JST