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  • Hong Kong shares erase weekly loss as Wharf leads charge by developers

    HONG KONG (NewsRise) -- Hong Kong shares clinched a weekly gain, with Wharf Holdings jumping the most in five years to boost developers and help assuage fears about the impact of a faster pace of U.S. interest rate increases.The Hang Seng Index rose

    March 10, 2017 07:58 pm JST
  • For female migrant workers, problems can begin at home

    SINGAPORE -- From the very outset, Myint's search for work to support her family had to be conducted outside the law. Like thousands before her, the frightened young woman from Myanmar was recruited by a Yangon labor agency in defiance of a temporar

    March 10, 2017 05:30 pm JST
  • Hong Kong shares flat by noon ahead of US jobs report

    HONG KONG (NewsRise) -- Hong Kong shares were little changed, as caution ahead of a closely-watched U.S. employment report and deeper losses in energy stocks took the sheen off gains by property developers.The Hang Seng Index slipped less than 0.1%

    March 10, 2017 02:21 pm JST
  • Hong Kong's Wheelock to exit struggling media business

    HONG KONG -- A subsidiary of Hong Kong-listed developer Wheelock has decided to end funding for its pay TV operator in a bid to focus on property development, leaving the fate of its loss-making business up in the air.Wharf Holdings, a 58%-owned sub

    March 10, 2017 12:55 pm JST
  • Yingde Gases stock gyrates as power struggle cools

    HONG KONG -- Yingde Gases Group endured a bumpy ride in the stock market here Thursday, as the company's share price climbed following an apparent resolution to a four-month executive power struggle but later sank as investors moved to lock in profi

    March 10, 2017 02:15 am JST
  • US yields, yuan caution drag Hong Kong shares to 1-month low

    HONG KONG (NewsRise) -- Hong Kong shares fell to one-month lows on Thursday as rising U.S. bond yields stoked worries of capital flight and a weak yuan weighed on mainland companies.The Hang Seng Index slid 1.2% to 23,503.50, its worst performance i

    March 9, 2017 07:30 pm JST
  • Double Dip Asia300

    Earnings gloom aside, Asia Inc. is positioned for growth

    HONG KONG -- Don't start fretting just yet. Even though Asia's leading companies are set to log their first back-to-back drop in aggregate annual net profit since the Asian financial crisis, there are plenty of reasons to believe corporate Asia is s

    March 9, 2017 05:10 pm JST
  • Double Dip Asia300

    China's chill hits banks' bottom lines

    TOKYO -- Unable to shrug off its disappointing performance of the preceding year, Asia's financial sector registered a second straight year of decline in its bottom line in 2016. Net profit for the sector came in at $173.1 billion, a decline of 8.8%

    March 9, 2017 05:10 pm JST
  • Hong Kong stocks slammed by noon as energy shares slide

    HONG KONG (NewsRise) -- Hong Kong shares headed for their steepest decline in almost three months as rising U.S. Treasury yields hurt property stocks and an overnight slump in crude oil prices weighed on energy producers.The Hang Seng Index fell 1%

    March 9, 2017 02:05 pm JST
  • Double Dip Asia300

    Asia Inc. stumbles through two years of profit shrinkage

    BANGKOK -- In the 20 years since the Asian currency crisis of 1997, the region's companies have generally done well. They recovered from that setback and shrugged off the global financial crisis triggered by the U.S. housing meltdown a decade later,

    March 9, 2017 10:00 am JST
  • Earnings gloom aside, Asia Inc. is positioned for growth

    HONG KONG Don't start fretting just yet. Even though Asia's leading companies are set to log their first back-to-back drop in aggregate annual net profit since the Asian financial crisis, there are plenty of reasons to believe corporate Asia is stil

    March 9, 2017 10:00 am JST
  • China's chill hits banks' bottom lines

    TOKYO Unable to shrug off its disappointing performance of the preceding year, Asia's financial sector registered a second straight year of decline in its bottom line in 2016. Net profit for the sector came in at $173.1 billion, a decline of 8.8% co

    March 9, 2017 10:00 am JST
  • Asian companies try to shake off two years of weaker profits

    BANGKOK In the 20 years since the Asian currency crisis of 1997, the region's companies have generally done well. They recovered from that setback and shrugged off the global financial crisis triggered by the U.S. housing meltdown a decade later, th

    March 9, 2017 10:00 am JST
  • Beijing has stern words for Hong Kong and Taiwan

    BEIJING The work report delivered by Chinese Premier Li Keqiang on March 5 stressed, in unusually strong terms, the government's opposition to any independence moves in Hong Kong and Taiwan. This underscores President Xi Jinping's hard-line approach

    March 9, 2017 10:00 am JST
  • Asian PMI readings paint a mixed picture

    TOKYO Business activity in Southeast Asia picked up overall in February, but manufacturers' outlook for future output was less rosy, the latest Nikkei Purchasing Managers' Index shows.The headline Nikkei ASEAN Manufacturing PMI rose 0.3 point from J

    March 9, 2017 10:00 am JST
  • ADB report poses $26tn question for Asia

    MANILA Back in 2009, the Asian Development Bank estimated the region would need $8 trillion worth of infrastructure investment between 2010 and 2020. Now, for the 15 years from 2016 to 2030, the bank reckons $26 trillion is in order to sustain curre

    March 9, 2017 10:00 am JST
  • Chicago chefs introduce the flavors of Macau to Americans

    CHICAGO Three weeks before opening their first restaurant together in 2012, and after hosting more than 200 "pop-up" dinners, Adrienne Lo and Abe Conlon finally settled on a culinary theme for their new space: Macanese, in honor of the former Portug

    March 9, 2017 10:00 am JST
  • Flamboyant Hong Kong tycoon stirs up succession talk

    HONG KONG -- Fugitive Hong Kong property tycoon Joseph Lau Luen-hung is perhaps more a target for paparazzi than business journalists. Better known for his extravagant purchases of private jets and Hermes handbags for his girlfriends, his recent wea

    March 9, 2017 09:30 am JST
  • Beijing rallies support for favored Hong Kong chief candidate

    BEIJING -- China's government is leaning harder on pro-Beijing electors in Hong Kong's chief executive race to back its preferred candidate, intensifying critics' claims of illegal interference in the special administrative region's affairs.The cent

    March 9, 2017 07:20 am JST
  • China optimism, developers boost Hong Kong stocks to one-week high

    HONG KONG (NewsRise) -- Hong Kong shares rose to a one-week high as Chinese trade data fuelled optimism about robust consumption demand. Mainland developers extended gains to lead advances.The Hang Seng Index added 0.4% to 23,782.27. Strong sales fo

    March 8, 2017 09:00 pm JST