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  • Hong Kong's CLP to boost renewable energy investment

    HONG KONG -- CLP Holdings, the leading electricity supplier in Hong Kong, will boost investment in renewable power generation overseas to help fight climate change, Chairman Michael Kadoorie said at a press conference Thursday, following the company

    May 6, 2016 12:10 pm JST
  • Interview: Hong Kong pro-independence party plans to run in Legco elections

    HONG KONG Chan Ho-tin, founder of the pro-independence Hong Kong National Party, claims that he and his party have opened a new chapter in the Hong Kong political landscape by openly seeking independence.Chan, a 25-year-old third generation Hong K

    May 5, 2016 12:00 pm JST
  • Independence debate heats up among Hong Kong's youth

    HONG KONG Frustration with the mainland Chinese government is growing among younger generations here, even leading to Hong Kong's first-ever political party that makes a break from Beijing its main objective.Chan Ho-tin, who launched the Hong Kong

    May 5, 2016 12:00 pm JST
  • Hong Kong's business activity deteriorates further

    TOKYO -- The Nikkei Hong Kong Purchasing Managers' Index, or PMI, for April was down a fraction to 45.3 in April from 45.5 in March. The reading was the lowest in 8 months.A reading above 50 indicates economic expansion, while a reading below 50 poi

    May 5, 2016 11:30 am JST
  • Interview

    Hong Kong pro-independence party plans to run in Legco elections

    HONG KONG -- Chan Ho-tin, founder of the pro-independence Hong Kong National Party, claims that he and his party have opened a new chapter in the Hong Kong political landscape by openly seeking independence.Chan, a 25-year-old third generation Hong

    May 4, 2016 07:00 pm JST
  • Citic to buy Li & Fung consumer product wholesale unit

    HONG KONG -- Citic will acquire the food and health care product distribution business of Hong Kong trading house Li & Fung, aiming to strengthen its logistics network in Southeast Asia.The state-owned Chinese conglomerate will spend $350 million to

    May 3, 2016 11:33 pm JST
  • Mainlanders back in Hong Kong for holidays, but spend less

    HONG KONG -- Chinese tourists seem unaffected by anti-mainland sentiment as they arrived Hong Kong in droves for their yearly shopping season, but now in search of bargains rather than luxury items.The former British colony saw a surprise 10% reboun

    May 3, 2016 09:15 pm JST
  • Commentary

    Carla Hoorweg -- Building an Asia-wide fund market

    The achievement of a broad Asia-Pacific free trade area may remain a far-off goal, but real progress is meanwhile underway in the funds industry.The Asia Region Funds Passport, an initiative of the Asia-Pacific Economic Cooperation forum, is set to

    May 3, 2016 03:22 pm JST
  • HK reporters, citizens protest weakening press freedom

    HONG KONG -- The abrupt dismissal of a veteran senior editor at Chinese-language newspaper Ming Pao has rallied journalists and like-minded citizens together on Monday to protest against fast-deteriorating press freedoms in the semi-autonomous city

    May 3, 2016 01:30 am JST
  • Hong Kong protest against 'parallel traders' abruptly cancelled

    HONG KONG -- A planned protest against cross-border bulk shoppers in northern Hong Kong was abruptly cancelled at the last minute on Sunday afternoon. The organizer cited unexplained "safety concerns," but some would-be participants proceeded on the

    May 2, 2016 12:00 am JST
  • Chinese central bank's yuan fix leads to biggest rise against dollar in 11 years

    HONG KONG -- The Chinese yuan marked its largest rise against the U.S. dollar in 11 years on Friday. The People's Bank of China fixed the central parity rate, or the reference rate for the daily on-shore foreign exchange trading in Shanghai, at 6.45

    April 29, 2016 09:27 pm JST
  • Some HK Exchange shareholders voice anger at board election

    HONG KONG -- Hong Kong Exchanges and Clearing's controversial election for a seat on its board of directors concluded Thursday with the triumph of a committee-backed candidate over a lone challenger supported by minority shareholders.Apurv Bagri eas

    April 29, 2016 10:30 am JST
  • Independence catching on among Hong Kong's youth

    HONG KONG -- Frustration with the mainland Chinese government is growing among younger generations here, even leading to Hong Kong's first-ever political party that makes a break from Beijing its main objective.Chan Ho-tin, who launched the Hong Kon

    April 29, 2016 06:30 am JST
  • HNA continues China's overseas foray with Carlson hotels deal

    HONG KONG -- HNA Group, the tourism-focused private conglomerate, is set to become the first Chinese owner of a big Western hotel brand.The company's HNA Tourism unit reached an agreement late on Thursday to buy the entire lodging portfolio of Carls

    April 28, 2016 11:30 pm JST
  • Yamato to set world standards for refrigerated delivery

    TOKYO -- Japanese logistics giant Yamato Holdings will formulate international standards for door-to-door refrigerated parcel delivery services in partnership with the Japan unit of the British Standards Institute. The company hopes to capitalize on

    April 28, 2016 07:00 pm JST
  • As multinationals push into Asia, Asian companies are pushing out

    HONG KONG The fact that China is growing at its slowest pace in a quarter century has not discouraged foreign businesses from seeking opportunities in this part of the world. At the same time, Asian companies have been growing stronger for a long

    April 28, 2016 12:00 pm JST
  • For commodities markets, the bad times are just beginning

    For the commodities market, the good times have come and gone, but the bad times are only just beginning. Each commodities supercycle, defined as a decadelong bull market, has always been followed by a downturn that lasted just as long, or longe

    April 28, 2016 12:00 pm JST
  • Bias doubts cloud HK Exchange board election

    HONG KONG -- Hong Kong Exchanges & Clearing is holding an election for the position of a board director on Thursday but its interference in the process is sparking concerns about rigging. Some have even likened its meddling to what drove hundred

    April 27, 2016 11:00 pm JST
  • For commodities markets, the bad times are just beginning

    BANGKOK -- For the commodities market, the good times have come and gone, but the bad times are only just beginning. Each commodities supercycle, defined as a decadelong bull market, has always been followed by a downturn that lasted just as lon

    April 27, 2016 07:30 pm JST
  • Macau casino Galaxy earnings rise 6% in January-March

    HONG KONG (Reuters) -- Macau's Galaxy Entertainment posted a 6 percent rise in first-quarter earnings on Wednesday, in line with forecasts, and sounded a positive note for the coming year. Macau casino revenues have tumbled over the past 23 mont

    April 27, 2016 02:29 pm JST