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  • North Korea

    Regime dances around sanctions

    SEOUL -- North Korea is pushing ahead with its nuclear and missile development programs in defiance of international threats to impose new sanctions. It has also shown an ability to skirt sanctions that are already in place. The United Nations S

    February 9, 2016 08:15 pm JST
  • Hong Kong riot police clash with protesters amid crackdown on street vendors

    HONG KONG (Reuters) -- Riot police fired warning shots on Tuesday to disperse an angry crowd after clashes erupted when authorities tried to move illegal street vendors from a working-class Hong Kong district, the worst street violence since pro-dem

    February 9, 2016 01:50 pm JST
  • Asia salaries

    Japan must pay more or say goodbye

    TOKYO -- For top Japanese companies, staff retention has never been much of a concern. Most employees joined the company after graduation and invariably stayed until retirement. Yet a recent study by professional recruitment company Hays may have ma

    February 9, 2016 01:00 pm JST
  • Bank of East Asia

    Elliott tells bank to sell itself

    HONG KONG -- Elliott Management, an activist New York hedge fund probably best known for hounding the Argentine government for bond default, has turned up the heat on Bank of East Asia (BEA) and urged the bank to put itself up for sale. "Shareho

    February 6, 2016 09:31 pm JST
  • Chinese currency

    Offshore yuan-selling blitz expected during Lunar New Year

    HONG KONG -- Hedge funds and other speculators appear to be gearing up for an offshore yuan-selling offensive when Chinese markets and monetary authorities break next week, with Beijing's capacity to defend its currency seen dwindling. Forecasts

    February 6, 2016 03:45 am JST
  • Commodities Eye

    Dry-bulk shipping under water as bankruptcies rise

    BANGKOK -- The global commodities bust has rocked the dry-bulk shipping industry, with a wave of bankruptcies washing across the sector and major players forced to restructure, divest or scrap assets. On Jan. 5, the Shanghai International Shippi

    February 5, 2016 02:30 pm JST
  • Nikkei PMI

    Business services lead Asian growth in January

    TOKYO -- The Nikkei Asia Sector Purchasing Managers' Index, or PMI, for January showed increased business activity in 14 of the 19 industries monitored. Commercial and business services grew the strongest among all industries. Healthcare ser

    February 5, 2016 11:00 am JST
  • Chinese stocks

    ChemChina units soar on Syngenta deal

    HONG KONG -- China National Chemical's $43 billion bid Wednesday for Swiss agrochemical producer Syngenta spurred investors to snap up related subsidiaries of the state-owned Chinese giant again Thursday. Guangxi Hechi Chemical, a producer of ch

    February 5, 2016 01:21 am JST
  • CK Hutchison Holdings

    Hong Kong conglomerate pledges 5-year rate cap after mobile buyout

    HONG KONG -- CK Hutchison Holdings vowed Thursday to maintain current service rates for British wireless carrier O2 for five years after purchasing it in a bid to alleviate concerns among European antitrust regulators. The assurance was among th

    February 5, 2016 01:00 am JST
  • Hon Hai Precision Industry

    Subsidiary FIH Mobile slips on news of Sharp talks

    HONG KONG -- FIH Mobile shares fell here Thursday on reports that parent Hon Hai Precision Industry is the preferred candidate to take over ailing Japanese electronics maker Sharp. The mobile phone parts maker shed 0.7% to close at 2.83 Hong Kon

    February 5, 2016 12:30 am JST
  • China/Hong Kong properties

    Chinese developers dominate territory's land sales

    HONG KONG -- Hong Kong's growing dependence on China is well-documented -- be it in food, tourism or trade. Recently, that has extended into property. State-backed Chinese developers have been splashing out on land sales to build homes in the former

    February 4, 2016 11:10 pm JST
  • Japan's negative rates could be a bigger blessing for its neighbors

    Central banks across the world may be running low on ammunition, but the Bank of Japan has shown it may still have a few bullets left in its belts. BOJ Gov. Haruhiko Kuroda surprised markets again on Jan. 29 by pushing the deposit rate into negative

    February 4, 2016 12:00 pm JST
  • Chinese stocks get off to a rough start in January

    BANGKOK One of the factors behind the Bank of Japan's surprise move to push interest rates into negative territory was the turbulence hitting stock markets. This year got off to a tumultuous start in many markets. Asian stocks were no exceptio

    February 4, 2016 12:00 pm JST
  • Shanghai Disney Resort

    Peak admission fees set higher than in Tokyo, Hong Kong

    SHANGHAI -- Adult tickets to the new Shanghai Disney Resort will be priced at 499 yuan ($75.90) during peak periods and 370 yuan off-peak, Walt Disney and Shanghai Shendi (Group) said Wednesday. By comparison, one-day passes cost 6,900 yen ($57.

    February 4, 2016 12:58 am JST
  • Nikkei PMI

    Hong Kong's private sector business activity down to 46.1 in January

    TOKYO -- The Nikkei Hong Kong Purchasing Managers' Index, or PMI, for January, was down to 46.1 from December's 46.4. The health of Hong Kong's private sector has now worsened in each of the past 11 months. A reading above 50 indicates economic

    February 3, 2016 11:30 am JST
  • Hong Kong stocks

    'Hermit crab' plots by China companies rock market

    HONG KONG -- More mainland-based companies are going public on the Hong Kong Stock Exchange, but some are causing trouble by piggybacking onto already listed companies rather than going through the proper channels. Many of the companies are stag

    February 3, 2016 04:54 am JST
  • Henderson Land Development

    Chairman eyes restructure as Hong Kong property sales hit 7-year low

    HONG KONG -- A long-awaited correction in Hong Kong's housing market seems to have begun, with home sales in the first month of 2016 hitting their lowest level in seven years and sales declining at leading property group Henderson Land Development.

    February 3, 2016 03:54 am JST
  • MTR

    Hong Kong rail operator gains as high-speed project clears hurdle

    HONG KONG -- Local rail company MTR edged up here Tuesday after a new proposal for constructing a high-speed line won stockholders' approval, bringing a project beset by delays and budget overruns a step closer to realization. The stock rose 0.8

    February 3, 2016 02:00 am JST
  • NagaCorp

    Slower growth for casino operator sinks shares

    HONG KONG -- Cambodian casino operator NagaCorp's stock suffered its first major downturn in five sessions Tuesday on news that sales and net profit slowed in the second half of 2015. The issue closed down 11.25% at 4.26 Hong Kong dollars (55 ce

    February 3, 2016 12:35 am JST
  • Hong Kong stocks

    Pegasus Entertainment sees brief bump on action flick success

    HONG KONG -- Film production company Pegasus Entertainment Holdings temporarily gained ground Tuesday on news that martial arts biopic "Ip Man 3" had taken in 226.2 million Hong Kong dollars ($29 million) worldwide through Sunday. "Ip Man 3" is

    February 3, 2016 12:30 am JST