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  • 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 fro

    March 8, 2017 05:00 pm JST
  • Hong Kong shares rise a third day as China reserves cheer

    HONG KONG (NewsRise) -- Hong Kong shares reversed early losses, shrugging off caution ahead of a near-certain Federal Reserve rate increase, after an unexpected rise in China's foreign-exchange reserves eased concerns about capital outflows.The Hang

    March 8, 2017 02:43 pm JST
  • Profit at Hong Kong rail operator MTR falls 21% on property woes

    HONG KONG -- Hong Kong railway operator MTR saw its net profit tumble 21% on the year in 2016 due to a slower property development market, but the company is getting a boost from mainland Chinese developers competing for land in the territory.Net pr

    March 8, 2017 01:20 am JST
  • Mainland developers prop up Hong Kong shares

    HONG KONG (NewsRise) -- Hong Kong shares rose for a second day Tuesday, helped by gains in mainland property developers after they reported robust February sales numbers.The Hang Seng Index ended 0.4% higher at 23,681.07. China Overseas Land & Inves

    March 7, 2017 07:00 pm JST
  • Hong Kong shares ride rise in mainland companies

    HONG KONG (NewsRise) -- Hong Kong shares rose, led by gains in mainland companies for a second day, even as regional investors braced for a near-certain rate increase by the Federal Reserve next week.The Hang Seng Index rose 0.4% to 23,694.99 at the

    March 7, 2017 02:13 pm JST
  • China optimism slightly lifts Hong Kong shares

    HONG KONG (NewsRise) -- Hong Kong shares rebounded from one-month lows Monday, helped by gains in mainland markets amid hopes for continued fiscal support and neutral monetary policy will spur growth in Asia's largest economy.The Hang Seng Index ros

    March 6, 2017 07:41 pm JST
  • Hong Kong shares rise as mainland companies gather steam

    HONG KONG (NewsRise) -- Hong Kong shares rose, spurred by gains in mainland companies after Chinese authorities put focus on containing systemic financial risks and set what traders described as a realistic growth target for the year. Property stock

    March 6, 2017 02:53 pm JST
  • Place your bets

    New frontiers for a new breed of casino operator

    HONG KONG Casino gambling has always been a cross-border business in Asia.The many gaming parlors of Macau, the region's oldest casino hub, could hardly have survived for so many decades just serving the small territory's population, today barely a

    March 6, 2017 10:00 am JST
  • Macau legislators at China's parliament ask Kim Jong Who?

    BEIJING (Reuters) -- The killing of the estranged half-brother of North Korea's leader who had been living in the Chinese territory of Macau may be top news around the world, but for some Macanese legislators at China's parliament it's more a case o

    March 5, 2017 08:04 pm JST
  • China-US relations the hidden key to Hong Kong's leadership race

    HONG KONG -- A Beijing favorite and two democratic rivals will vie for the top political job here in a March 26 vote whose outcome could signal whether Chinese President Xi Jinping is looking to take an unyielding or friendly approach to Washington.

    March 5, 2017 07:00 am JST
  • Tencent's Ma offers vision of 'Bay Area' of China

    BEIJING -- Pony Ma Huateng, chairman of Chinese internet giant Tencent Holdings, said on Friday that he envisions the creation of a large technology hub linking innovation, manufacturing and finance across three distinct areas of the country's south

    March 4, 2017 01:18 pm JST
  • Major Chinese yarn supplier marks record profit, but wary of Trump effect

    HONG KONG -- In terms of financial results, it was another record-breaking year for Shanghai-based Texhong Textile Group, one of the world's largest yarn suppliers. However, for its founder, chairman and CEO Hong Tianzhu, the positive numbers did no

    March 4, 2017 02:00 am JST
  • Chip supplier ASM Pacific posts record bookings on iPhone 8 upgrade cycle

    HONG KONG -- Apple's next-generation smartphone is not expected to come out until the fall but a host of component suppliers including Hong Kong-listed ASM Pacific Technology have seen a lift in their earnings and bookings recently.One of the world'

    March 3, 2017 08:32 pm JST
  • Hong Kong stocks shaken by Fed rate fears fall a second week

    HONG KONG (NewsRise) -- Hong Kong shares fell for a second week, led by mainland companies and local property developers, as rising chances of a rate increase by the Federal Reserve weighed on investor confidence.Hawkish comments from central banker

    March 3, 2017 07:00 pm JST
  • Hong Kong airport spending big on expansion

    HONG KONG -- Hong Kong International Airport, for many the gateway to Asia, is investing heavily to expand capacity and handle surging passenger traffic.Having started construction of a third runway in August 2016, the airport has unveiled plans for

    March 3, 2017 06:00 pm JST
  • Property stocks lead Hong Kong shares lower on Fed worries

    HONG KONG (NewsRise) -- Hong Kong shares slipped toward near one-month lows as rising odds of a rate increase by the Federal Reserve this month hurt global risk appetite. Property stocks led losses for a second day.The Hang Seng Index slipped 0.6% t

    March 3, 2017 05:13 pm JST
  • Macau's regional challengers up their casino game

    MANILA Clad in a coat, tie and muddied loafers, Kazuo Okada paused briefly one recent afternoon during his daily rounds through his partially opened $2.4 billion casino being built in Manila."I check the inflow of customers from early evening and

    March 3, 2017 11:00 am JST
  • Hong Kong PMI falls to 49.6 in February

    TOKYO -- The Nikkei Hong Kong Purchasing Managers' Index, or PMI, fell to 49.6 in February from 49.9 in January.A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction.Bernard Aw, economist at IHS Markit,

    March 3, 2017 09:30 am JST
  • Hong Kong retail sales: Too early to call it a turnaround

    HONG KONG -- The cheerful atmosphere of the Chinese New Year offered little relief for Hong Kong retailers as the industry failed to turn sales around during the traditional shopping season, which fell at the end of January.The value of retail sales

    March 2, 2017 10:52 pm JST
  • Fed worries evaporate Hong Kong's early stock gains

    HONG KONG (NewsRise) -- Hong Kong shares reversed early gains to end lower Thursday, as mounting concerns about a looming Federal Reserve rate increase overshadowed optimism in the wake of Donald Trump's address to U.S. lawmakers.The Hang Seng Index

    March 2, 2017 07:49 pm JST