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  • Asia most represented region on Forbes' list

    NEW YORK/TOKYO -- The number of billionaires across the world topped 2,000 for the first time ever, with the Asia-Pacific region home to more than anywhere else, 720 to be precise, according to Forbes' annual rich list.In the list released on Monday

    March 21, 2017 12:41 pm JST
  • Asia dominates rankings of most expensive cities

    TOKYO -- Asian cities such as Singapore and Tokyo were the most expensive worldwide for residents in 2016, as currency appreciation drove an increase in the general cost of living.The Worldwide Cost of Living research, conducted semiannually by The

    March 21, 2017 11:00 am JST
  • Chinese government is the biggest beneficiary of Shenhua's fat dividend

    HONG KONG -- China Shenhua Energy shares soared 16.3% to an 18-month high on Monday after it announced a record dividend payout of 59 billion yuan ($8.55 billion) on surging profits and coal prices.China's largest coal producer by volume, state-owne

    March 20, 2017 10:52 pm JST
  • Earnings optimism sends Hong Kong stocks to fresh 19-month highs

    HONG KONG (NewsRise) -- Hong Kong stocks climbed to the highest level since August 2015 as Chinese investors pumped in more funds into the local market on optimism over earnings and dividend payouts. Tencent Holdings hit a record high and China Shen

    March 20, 2017 07:32 pm JST
  • Tencent, Shenhua jump as Hong Kong shares rise for third day

    HONG KONG (NewsRise) -- Hong Kong shares headed for a third straight day of gains as expectations of earnings growth from Tencent Holdings and a special dividend from China Shenhua Energy helped fuel strong inflows from mainland investors.The Hang S

    March 20, 2017 02:39 pm JST
  • Asia stocks mixed, dollar slips as Fed continues to weigh

    SINGAPORE (Reuters) -- Asian stocks were mixed on Monday in thin trade, following Wall Street's declines and the G20's decision to drop a pledge to avoid trade protectionism, while the Federal Reserve's less hawkish-than-expected comments continued

    March 20, 2017 01:07 pm JST
  • Adam Reynolds

    Asia's 'open banking' opportunity

    With few aspects of the financial industry seemingly immune to the potential impacts of technological innovation, incumbent financial service providers in Asia face a fundamental choice.On the one hand, they can maintain their current full-service b

    March 20, 2017 07:00 am JST
  • Hong Kong luxury retailer flags turnaround signs

    HONG KONG -- Spring might have come for Emperor Watch and Jewellery, as the Hong Kong-based luxury retailer reported a surprise turnaround in second-half profits following steep rental cuts and the return of mainland Chinese tourists to the territor

    March 17, 2017 08:47 pm JST
  • Hong Kong stocks clinch best week in six months after Fed

    HONG KONG (NewsRise) -- Hong Kong shares posted their steepest weekly advance since September as the Federal Reserve's members chose not to signal faster interest-rate increases and flows from mainland investors accelerated.The Hang Seng Index ended

    March 17, 2017 07:23 pm JST
  • China flows help Hong Kong shares extend gains

    HONG KONG (NewsRise) -- Hong Kong stocks extended gains from 19-month highs on upbeat investor sentiment after the U.S. Federal Reserve maintained its outlook for gradual rate increases and buoyant flows from across the Chinese border.The Hang Seng

    March 17, 2017 02:56 pm JST
  • Swire Pacific's property arm helps prop up sagging results

    HONG KONG -- Swire Pacific has posted grim earnings for its businesses spanning the aviation, maritime and beverage sectors, although real estate remains a brighter spot for the Asian group.The Hong Kong-based conglomerate, which is 55% owned by Lon

    March 16, 2017 11:45 pm JST
  • Hong Kong shares jump to 19-month high on Fed relief

    HONG KONG (NewsRise) -- Hong Kong shares surged to their highest close since August 2015 on Thursday after the U.S. Federal Reserve refrained from increasing its projections for the number of interest-rate increases for the remainder of the year.Pos

    March 16, 2017 07:20 pm JST
  • Hong Kong stocks set for three-week high after Fed rate signal

    HONG KONG (NewsRise) -- Hong Kong shares headed for a three-week high after the U.S. Federal Reserve's unchanged forecast for rate hikes through 2018 boosted global equities.The Fed on Wednesday delivered a widely expected 25 basis-point rate increa

    March 16, 2017 02:40 pm JST
  • Chow Tai Fook Enterprises buys Australia's Alinta Energy

    SYDNEY (Reuters) -- Hong Kong's Chow Tai Fook Enterprises (CTFE) on Thursday said it had agreed to purchase Australian gas and electricity retailer Alinta Energy, in a deal two sources familiar with the situation said was valued at about A$4 billion

    March 16, 2017 12:18 pm JST
  • Hong Kong central bank raises interest rates after Fed move; shares watched

    HONG KONG (Reuters) -- The Hong Kong Monetary Authority on Thursday raised the base rate charged through its overnight discount window by 25 basis points to 1.25 percent.The move from Hong Kong's de facto central bank followed the U.S. Federal Reser

    March 16, 2017 11:28 am JST
  • China Unicom tightens belt as profits plunge

    HONG KONG -- Struggling to gain a foothold in China's fourth-generation (4G) wireless telecommunication markets, Beijing-based China Unicom reported lackluster results on Wednesday and plans to cut back outlays in preparation for its next move.The s

    March 16, 2017 01:30 am JST
  • China, Hong Kong to link bond markets this year

    BEIJING -- Hong Kong and mainland China will link their bond markets later this year on a trial basis, Chinese Premier Li Keqiang told reporters Wednesday.This arrangement, similar to existing schemes connecting Hong Kong and mainland stock markets,

    March 15, 2017 11:45 pm JST
  • Cathay Pacific to expand despite first loss in decade

    HONG KONG -- Cathay Pacific Airways is planning to ratchet up its operations despite recording its first annual loss since the global financial crisis in 2008 due to intense competition from Chinese carriers.The Hong Kong-based premium airline aims

    March 15, 2017 11:20 pm JST
  • Chinese shares drag on Hong Kong as yuan-watchers await Fed

    HONG KONG (NewsRise) -- Hong Kong shares edged lower on Wednesday as concern about the impact of rising U.S. interest rates on the yuan weighed on mainland companies.The Hang Seng Index slipped 0.2% to 23,792.85. Cathay Pacific Airways reversed earl

    March 15, 2017 07:35 pm JST
  • Hong Kong stocks flat ahead of Fed rate call

    HONG KONG (NewsRise) -- Hong Kong shares were little changed in a choppy trading session Wednesday morning before a key U.S. Federal Reserve rate decision, with energy producers weighed down by falling oil prices while property developers inched hig

    March 15, 2017 03:13 pm JST