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  • Bull run upended

    July turns unlucky for Hong Kong shares

    HONG KONG -- Hong Kong stocks saw a decade-long string of gains in July come to an end, a casualty of the crash in mainland equities. The Hang Seng index managed to advance 0.56% Friday but fell 6.1% during all of July. This marked the first dec

    July 31, 2015 10:08 pm JST
  • State Bank of India

    Hong Kong authority fines lender over laundering controls

    MUMBAI -- The Hong Kong Monetary Authority has slapped a penalty on State Bank of India's local branch over alleged cracks in its internal controls. The authority concluded that, in the past, the branch did not do enough to guard against money

    July 31, 2015 09:27 pm JST
  • Jardine Matheson Holdings

    Taxes pull down property arm's profits

    HONG KONG -- Singapore-listed Hongkong Land Holdings, a member of Hong Kong-based conglomerate Jardine Matheson Holdings, saw its net profit drop 9% to $513 million for the first half of this year, the company said Thursday. Higher tax charges pushe

    July 31, 2015 05:00 pm JST
  • Irene Chu

    Supporting Hong Kong's startups

    Hong Kong has long been known as a key global financial center and trading hub. It has consistently been ranked as the best place in the world to do business, with unparalleled infrastructure and access to capital. More recently, it has been att

    July 31, 2015 01:00 pm JST
  • Taiwan politics

    Anti-China activist commits suicide

    HONG KONG -- A Taiwanese student has killed himself days after he was released home on bail for breaking into the ministry of education to protest local authorities' plans to implement a new "China-centric" curriculum in high schools and vocational

    July 30, 2015 11:47 pm JST
  • Hang Lung Properties

    China helps lift operating profit by 3%

    HONG KONG -- Hang Lung Properties, a leading developer here, remains confident about its business in mainland China despite the country's recent economic slowdown. Hang Lung on Thursday posted an operating profit of 3.52 billion Hong Kong dollar

    July 30, 2015 07:23 pm JST
  • Targeting the rich, tourists

    Tokyo re-emerges as hot shopping hub for luxury brands

    TOKYO -- Global luxury brand companies are once again sharpening their focus on Tokyo amid a slump in China, where a frugality campaign and turmoil in the stock market are taking a toll on conspicuous consumption. Italian fashion house Versace p

    July 30, 2015 03:05 am JST
  • Sovereign wealth funds step up property investments in Asia

    LONDON -- Sovereign wealth funds around the world are pouring money into Asian property to diversify their portfolios as real estate prices surge in major Western cities. The looming U.S. interest rate hike has prompted investors to shift from s

    July 30, 2015 12:00 am JST
  • Thitinan Pongsudhirak

    Greek drama presents moral lesson for developing Asia

    The Greek crisis highlights the emerging reality that established international institutions and power structures dating back to the second half of the 20th century are no longer capable of dealing with global demands and expectations. For Asia, thi

    July 29, 2015 01:00 pm JST
  • GF International

    New ETF to provide access to China A share market

    HONG KONG -- GF International Investment Management, a subsidiary of China-based GF Fund Management, is launching an exchange-traded fund that tracks the MSCI China A International Index. It will be the first ETF in Asia to track the index, accordin

    July 28, 2015 08:30 pm JST
  • China stocks end lower as Beijing renews support

    HONG KONG (Reuters) -- China stocks ended lower in a volatile session on Tuesday, even as Beijing pledged to lend further support after stocks sank 8 percent in the previous session, raising concerns about financial stability in the world's second-b

    July 28, 2015 04:41 pm JST
  • China stocks slump in early trade despite regulators' pledge of more support

    SHANGHAI (Reuters) -- China stocks slumped further on Tuesday morning after their worst single-day drop in more than eight years in the previous session, shrugging off Beijing's promises of more support for the market. Stock regulators said late

    July 28, 2015 10:51 am JST
  • Nouriel Roubini

    Alpha, beta, and beyond

    NEW YORK -- Even in normal times, individual and institutional investors alike have a hard time figuring out where to invest and in what. Should one invest more in advanced or emerging economies? And which ones? How does one decide when, and in what

    July 28, 2015 10:30 am JST
  • U.S. upgrades Malaysia, Cuba in trafficking report

    WASHINGTON (Reuters) -- The United States upgraded Malaysia in an annual report on human trafficking on Monday despite calls by human rights groups and nearly 180 U.S. lawmakers to keep the Southeast Asian country on a list of worst offenders in fai

    July 27, 2015 10:20 pm JST
  • Casino kings

    Macau's Galaxy to buy stake in Monaco peer

    HONG KONG -- Macau's Galaxy Entertainment Group will acquire a minority stake in a Monaco-based casino and hotel operator. Galaxy, one of Asia's leading operators of casinos and resorts, is looking for growth overseas as the Chinese government's ant

    July 27, 2015 07:30 pm JST
  • Hong Kong shares post biggest loss in 3 weeks amid multiple concerns

    Hong Kong stocks posted their biggest one-day fall in nearly three weeks, hammered by losses on Wall Street and worries over China, as investors braced for a looming increase in U.S. interest rates. The Hang Seng index fell 3.1 percent, to 24,35

    July 27, 2015 05:38 pm JST
  • Nikkei PMI

    'Problems ahead' for South Korea, Taiwan: Markit economist

    LONDON -- The numbers coming out of a manufacturing-specific purchasing managers' index published by Nikkei paint a troubling picture for South Korea and Taiwan, while they show Vietnam to be a country on the rise. The manufacturing PMI can serv

    July 27, 2015 01:30 am JST
  • Downside to liberalization

    Chinese stock market protections leave Hong Kong exposed

    HONG KONG -- The stock market here is regaining its composure after falling Shanghai shares sent it stumbling to a six-month low July 8, with the benchmark Hang Seng Index up again above 25,000. But the market may not be in the clear yet. Ripple

    July 26, 2015 07:00 am JST
  • Chinese stocks

    Beijing's intervention turning off foreigners

    HONG KONG -- Skeptical of government intervention, more overseas investors are pulling their money out of Chinese stocks. Through Friday, their net sales of these shares through a Hong Kong Stock Exchange link reached 33.3 billion yuan ($5.4 billion

    July 26, 2015 01:20 am JST
  • AIA Group

    Asian insurer's 1st-half profit up 41% on solid China ops

    HONG KONG -- AIA Group, one of Asia's largest insurance companies, still sees plenty of opportunities in China despite the country's economic slowdown. On Friday, the company announced that its net profit for the six months ended May expanded 41

    July 24, 2015 08:30 pm JST