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  • Japan's @cosme ready to spread across Asia

    TOKYO -- Get ready, Taiwan, a brick-and-mortar @cosme store is coming your way.In fact, istyle, the operator of the well-regarded cosmetics review website and retail chain in Japan, is planning to open stores across Asia.The Taiwan store opens in Ma

    February 25, 2017 11:00 am JST
  • Hong Kong shares slip to weekly loss as HSBC tumbles

    HONG KONG (NewsRise) -- Hong Kong shares swung to a weekly loss as trading activity moderated and heavyweight stocks pulled back amid concerns valuations had climbed too fast.The Hang Seng Index capped a weekly loss of 0.3%, its first in three weeks

    February 24, 2017 07:40 pm JST
  • Standard Chartered swings back to annual profit of $409mn

    LONDON (Reuters) -- Standard Chartered swung back to a full-year annual profit for 2016, the emerging markets-focused lender reported on Friday, as it pared back costs from chief executive Bill Winters's restructuring program.StanChart made a statut

    February 24, 2017 07:30 pm JST
  • Hong Kong stocks pullback on caution over valuations

    HONG KONG (NewsRise) -- Hong Kong stocks fell for a second day from 18-month highs on Friday as caution over a recent rise in valuations weighed on investor sentiment. Heavyweights led by Tencent Holdings paced declines.The benchmark Hang Seng Index

    February 24, 2017 02:14 pm JST
  • Geely set to launch 'connected' car brand in Shanghai

    HONG KONG -- China's Geely Automobile said on Thursday it would launch new car brand Lynk & Co. in Shanghai this April, as the carmaker seeks to woo young Chinese drivers with its new subscription and car-sharing model.The brand will hit the Chinese

    February 23, 2017 11:50 pm JST
  • Hong Kong stocks pullback on caution over Fed, valuations

    HONG KONG (NewsRise) -- Hong Kong stocks retreated from their highest level since August 2015 as investors wary over rising valuations and the Federal Reserve's policy outlook locked in some gains.The Hang Seng Index slipped 0.4% to 24,114.86 after

    February 23, 2017 07:45 pm JST
  • Investors cautious on Esprit Holdings with gloomy Europe outlook

    HONG KONG -- Shares in Esprit Holdings remained range-bound on Thursday in Hong Kong, even after the Hong Kong clothier announced strong earnings. The company's stock price jumped nearly 5% from Wednesday to $6.53 Hong Kong dollars in Thursday morni

    February 23, 2017 06:00 pm JST
  • Peninsula chief finds patience pays

    HONG KONG The Hongkong and Shanghai Hotels, operator of the luxury Peninsula chain, has made a big name for itself with a relatively small set of properties.Its current hotel count -- 10 -- pales in comparison to those of fellow Hong Kong-born group

    February 23, 2017 10:00 am JST
  • Peninsula chain adds carefully chosen links in Myanmar, elsewhere

    HONG KONG As it expands into Myanmar and Turkey, the operator of the Peninsula hotel chain is sticking with its signature formula of opening in the best of the best locations.The Peninsula Yangon will form a key part of a broader redevelopment proje

    February 23, 2017 10:00 am JST
  • Editorial: Hong Kong's 'one country, two systems' model faces a test

    The campaign to choose Hong Kong's next chief executive is in full swing, with the vote slated for March 26. The election, along with the law enforcement activities of the Chinese authorities, offer a good opportunity to examine whether Hong Kong re

    February 23, 2017 10:00 am JST
  • Hong Kong keeps purse strings tight despite record surplus

    HONG KONG -- While many advanced economies are running budget deficits, Hong Kong recorded a whopping surplus for yet another year thanks to handsome revenue from land sales and stamp duties.The Hong Kong government announced on Wednesday that it is

    February 23, 2017 04:00 am JST
  • Third generation takes helm at major Hong Kong developer

    HONG KONG -- It must have been a symbolic day for the third-generation leader of Hong Kong developer New World Development, Adrian Cheng Chi-kong. Cheng took on a new title and chaired his first solo earnings briefing in the absence of his sick chai

    February 23, 2017 12:00 am JST
  • Hong Kong shares hit 18-month high on tax break, China flows

    HONG KONG (NewsRise) -- Hong Kong shares jumped to their highest level since August 2015 as the local government offered tax breaks in its annual budget, adding to investor optimism amid improving flows from the mainland and upbeat cues from global

    February 22, 2017 07:29 pm JST
  • Hong Kong shares rise by noon as budget proposes tax relief

    HONG KONG (NewsRise) -- Hong Kong shares resumed the climb towards an 18-month high after the city's financial secretary proposed tax relief on salaries and forecast accelerated growth this year. Property developers drove advances.Financial secretar

    February 22, 2017 03:36 pm JST
  • Hong Kong forecasts GDP to expand 2-3% in 2017

    HONG KONG (Reuters) -- Hong Kong expects its economy to expand 2 to 3 percent in 2017, the city's financial secretary Paul Chan said in his first budget speech on Wednesday, far more than a 1.3 percent expansion forecast by economists surveyed by Re

    February 22, 2017 12:27 pm JST
  • Former Hong Kong leader jailed 20 months for misconduct in public office

    HONG KONG (Reuters) -- Former Hong Kong chief executive Donald Tsang, the highest-ranking ex-official to be charged in the city's history, was jailed for 20 months on Friday for misconduct in public office.The sentence brings to an ignominious end w

    February 22, 2017 12:06 pm JST
  • HSBC's earnings hammered by lending lull, low rates

    HONG KONG -- HSBC Holdings saw group pretax profit plunge 62% for the year ended in December amid slimmer lending and the pinch of low interest rates, signaling an urgent need for changes to how the bank makes money.The Hong Kong-listed financial se

    February 22, 2017 02:34 am JST
  • Hang Seng Bank's bad-debt ratio falls amid cuts to mainland exposure

    HONG KONG -- Pressing ahead with a policy of weeding out risk, Hong Kong-based Hang Seng Bank on Tuesday reported financial results that were broadly in line with market expectations.Net profit attributable to shareholders fell 41% in 2016 to 16.21

    February 22, 2017 02:00 am JST
  • Bullish Thai developer Sansiri eyes foreign investors

    HONG KONG -- Sansiri, one of the top real estate developers in Thailand, has laid out an aggressive sales plan this year, particularly targeting Chinese buyers, despite stricter capital controls on the mainland, as it says that the political situati

    February 21, 2017 10:50 pm JST
  • Rally in China stocks lifts Hong Kong market

    HONG KONG (NewsRise) -- Hong Kong stocks climbed toward a second straight day of gains on Tuesday as speculation about equity investments by Chinese pension funds helped set mainland companies in the city on course for a 15-month high.The Hang Seng

    February 21, 2017 02:45 pm JST