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  • Equities

    Asian shares slide ahead of US job data

    HONG KONG -- Shares across Asia tumbled Friday, as global investors liquidated stocks ahead of the announcement of the U.S. monthly labor data. Mainland China's markets were closed for a public holiday and will resume trading on Monday. Hong Kon

    September 4, 2015 05:30 pm JST
  • Devaluation conundrum

    Rising labor costs worry Chinese exporters despite lower yuan

    GUANGZHOU, China -- On Aug. 13, when the People's Bank of China was ending a three-day run of yuan devaluation, Xie Weifan, a saleswoman at Lang Ran Trading, a Chinese exporter dealing with Christmas goods bound for Europe, got some bad news. One of

    September 4, 2015 01:00 pm JST
  • Nikkei PMI

    Hong Kong's private sector business activity hits 6-year low at 44.4 in August

    TOKYO -- The Nikkei Hong Kong Purchasing Managers' Index, or PMI, in August saw its fastest decline since April 2009 to 44.4. It was 48.2 in July. A reading above 50 indicates economic expansion, while a reading below 50 points toward contractio

    September 4, 2015 11:30 am JST
  • Currency crunch

    Yuan devaluation may test Hong Kong's dollar peg

    HONG KONG -- The recent devaluations of the yuan -- and the prospect of further drops in the offing -- could force Hong Kong to consider unpegging its own currency from the U.S. dollar. The Hong Kong dollar has gained significantly against the y

    September 3, 2015 04:00 pm JST
  • Asia shares stage patchy recovery but volatility seen staying high

    TOKYO (Reuters) -- Asian shares struggled to recover on Thursday with volatility remaining high, while emerging economy and commodity-linked currencies softened as investors worried about the global repercussions of slower growth in China. Japan

    September 3, 2015 03:52 pm JST
  • To raise or not to raise? No direction out of Jackson Hole

    JACKSON HOLE, Wyoming -- In a speech that attracted the attention of market participants around the globe, Federal Reserve Vice Chairman Stanley Fischer left the door open for a rate rise as soon as September, even as market turbulence cast a cloud

    September 3, 2015 12:00 am JST
  • Hong Kong's status as yuan hub endangered

    HONG KONG -- China's recent move to weaken its currency is dealing a blow to Hong Kong's growth strategy premised on its status as the major offshore yuan center. The balance of offshore yuan deposits is shrinking fast and interbank interest rat

    September 3, 2015 12:00 am JST
  • Nicholas Spiro: China the real worry for emerging market investors

    Investor sentiment toward emerging markets remains bleak. Emerging market stocks have lost 10% in dollar terms in August, resulting in a 20% decline over the past three months. In the period between Aug. 19 and 26, emerging market bond funds suf

    September 3, 2015 12:00 am JST
  • Losing investor confidence

    China Resources Enterprise falls on plan to focus on beer

    HONG KONG -- China Resources Enterprise extended losses Wednesday on the stock market here as investors reacted nervously to the company's plan to focus on beer operations amid slowing demand for the beverage in China. The stock sank 3.36% at on

    September 2, 2015 09:53 pm JST
  • Asian equities

    China stocks slide despite speculation over funds injection

    HONG KONG -- Chinese stocks continued to struggle Wednesday, after sharp overnight declines in the U.S. and Europe. Global investors are finding it hard to shake concerns about the fundamental weakness of the world's second-largest economy. The

    September 2, 2015 06:00 pm JST
  • Hong Kong retail concerns

    Shoe seller Belle International shares fall on cutback reports

    HONG KONG -- Belle International Holdings, a major women's shoe retailer in China, saw its shares plunge Tuesday on reports that the company has scaled back operations in Hong Kong. The stock sank 3.3% at one point to 6.85 Hong Kong dollars (88

    September 1, 2015 09:49 pm JST
  • Operating expenses cut 5%

    Macau tightens budget amid decline in gambling revenue

    HONG KONG -- The government of the Macau on Tuesday announced fiscal austerity measures, which took effect the same day, as revenue from the Chinese special administrative region's gambling industry fell short of forecasts. The measures freeze a

    September 1, 2015 06:04 pm JST
  • Signs of pullback growing

    Spiking gold to oil ratio points to trouble for world economy

    TOKYO -- The world economy is showing signs of stress, as reflected in turbulent global stock markets. Investors and policymakers are on guard, with the outlook China and other emerging economies particularly grim. One closely watched commodity

    September 1, 2015 02:15 pm JST
  • China stocks slump as weak PMIs heighten growth fears; HK also down

    SHANGHAI (Reuters) -- Chinese stocks gyrated wildly on Tuesday, with main indexes tumbling 5 percent at one point as weak manufacturing data laid bare the daunting challenge faced by Beijing as it races to revive a stumbling economy. At the end

    September 1, 2015 01:53 pm JST
  • Nariman Behravesh

    What are the ramifications of the 'rolling routs' in financial markets on US and global growth?

    Global financial markets have been gripped by fear in recent weeks. What began as "Taper Panic" two years ago turned into "The Great Deflation" in commodity prices last year, and finally morphed into a huge stock market sell-off this summer, first i

    September 1, 2015 09:28 am JST
  • Susheela Rivers

    Asia to draw renewed interest from property investors

    Asia has been an attractive destination for inbound property investment for years. Global investors have poured money into the region in the hope of high returns. However, 2014 saw a surge in the value of outbound real estate deals utilizing capital

    August 31, 2015 07:00 am JST
  • After Beijing's currency move

    Hong Kong risks devaluing itself as offshore yuan center

    HONG KONG -- China's recent move to weaken its currency is dealing a blow to Hong Kong's growth strategy premised on its status as the major offshore yuan center. The balance of offshore yuan deposits is shrinking fast, and interbank interest ra

    August 30, 2015 07:00 am JST
  • Asian market jitters

    Sharp rebound fails to quell pessimism

    BANGKOK -- Even though mainland Chinese equities sharply rebounded on the last two days of a tumultuous week, market watchers remain on edge. Some warn that another steep correction is in store.2,000, here we come?David Cui, head of China equity str

    August 29, 2015 12:15 am JST
  • Nicholas Spiro

    China the real worry for emerging market investors

    Investor sentiment towards emerging markets remains bleak. Emerging market stocks have lost 10% in dollar terms this month, resulting in a 20% decline over the past three months. In the period between Aug. 19 and 26, emerging market bond funds s

    August 28, 2015 07:00 pm JST
  • Buzz over Thailand project

    China Railway Construction shares extend gains

    HONG KONG -- China Railway Construction's stock followed gains on Thursday with a sharp rise in morning trading here on Friday. The shares touched 11.16 Hong Kong dollars at one point, up 6.1% from the previous day. It closed at 10.66 Honk Kong doll

    August 28, 2015 03:30 pm JST