Search results

Results 101 - 120 of 2699
  • Hong Kong build on gains as Wall Street resumes rally

    HONG KONG (NewsRise) -- Hong Kong shares extended gains Thursday after Wall Street indexes soared to fresh record highs as investors remained optimistic about Donald Trump's economic policies despite a lack of detail in his first address to the U.S.

    March 2, 2017 02:21 pm JST
  • China struggles to plug its capital drain

    SHANGHAI/TOKYO -- Capital drain from China shows no signs of stopping as the country's economic uncertainties and narrowing interest rate gap with the U.S. fuel expectations of an increasingly weaker yuan. Businesses and individuals rushing to conve

    March 2, 2017 01:30 pm JST
  • Japan's entry to shake up Asia's casino market

    TOKYO/SINGAPORE -- Top executives from U.S. and Asian casino operators were in an optimistic mood as they gathered in Tokyo in late February. Speaking at a gathering of investors, each expressed an eagerness to go into business in the world's third-

    March 2, 2017 11:30 am 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 no

    March 2, 2017 10:00 am JST
  • 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 2, 2017 10:00 am JST
  • China's growing travel bug to support new casino projects

    China's large and growing traveling class is expected to provide strong demand for the Asian casino market in coming years.The number of overseas trips made annually by China's 1.36 billion people now equates to a market penetration rate of 9%. This

    March 2, 2017 10:00 am JST
  • Japan's entry to shake up Asia's casino market

    TOKYO/SINGAPORE Top executives from U.S. and Asian casino operators were in an optimistic mood as they gathered in Tokyo in late February. Speaking at a gathering of investors, each expressed an eagerness to go into business in the world's third-lar

    March 2, 2017 10:00 am JST
  • China struggles to plug its capital drain

    SHANGHAI/TOKYO Capital drain from China shows no signs of stopping as the country's economic uncertainties and narrowing interest rate gap with the U.S. fuel expectations of an increasingly weaker yuan. Businesses and individuals rushing to convert

    March 2, 2017 10:00 am JST
  • Hong Kong shares halt loss-run on China PMI, Macau data

    HONG KONG (NewsRise) -- Hong Kong stocks rebounded from a two-week low, halting a four-day losing streak, as Chinese manufacturing activity improved sentiment toward the mainland economy and Macau gaming revenue surged.The Hang Seng Index rose 0.2%

    March 1, 2017 08:10 pm JST
  • China data spur Hong Kong shares higher by noon

    HONG KONG (NewsRise) -- Hong Kong shares headed for their first gain in five days, helped by robust factory activity numbers out of China, even as Donald Trump's first address to the U.S. Congress offered little detail on his fiscal spending plans.T

    March 1, 2017 02:41 pm JST
  • 4 pro-democracy H.K. lawmakers fight disqualification trial

    HONG KONG (Kyodo) -- The trial of four pro-democracy lawmakers being sued for staging pro-independence demonstrations during the inauguration of Hong Kong's chief executive in October began Wednesday, with the four fighting what they call a coup aim

    March 1, 2017 01:25 pm JST
  • Trio of hopefuls vie for top Hong Kong post

    HONG KONG -- The race for Hong Kong's highest office is shaping up as a three-way scuffle pitting a Beijing favorite against two liberals as the mainland's growing involvement puts the city's autonomy into question.The chief executive is chosen by a

    March 1, 2017 11:00 am JST
  • Sun Hung Kai confident of keeping market share amid mainland competition

    HONG KONG -- Hong Kong-based Sun Hung Kai Properties said on Tuesday that it is not worried about fierce competition from mainland Chinese developers in the local market for land as the group has enough land reserves for development in the next four

    March 1, 2017 12:27 am JST
  • Macau's Galaxy posts forecast-beating 2016 profit, upbeat on outlook

    HONG KONG (Reuters) -- Macau casino operator Galaxy Entertainment Group posted a better-than-expected 51 percent rise 2016 net profit, thanks to a recovery in the world's biggest gambling hub, and forecast double-digit gaming revenue growth for this

    February 28, 2017 07:55 pm JST
  • Trump caution shrinks Hong Kong's second monthly advance

    HONG KONG (NewsRise) -- Hong Kong shares fell for a fourth day Tuesday as investors braced for Donald Trump's address to U.S. lawmakers, slowing the index's second consecutive monthly advance.The Hang Seng Index slipped 0.8% to 23,740.73, a two-week

    February 28, 2017 07:18 pm JST
  • Hong Kong shares in range as Trump speech in focus

    HONG KONG (NewsRise) -- Hong Kong shares edged lower by midday after a three-day losing streak on caution before Donald Trump's keenly awaited address to a joint session of Congress.The Hang Seng Index slipped less than 0.1% to 23,910.50 after tradi

    February 28, 2017 02:18 pm JST
  • Asia needs $26tn for infrastructure through 2030: ADB report

    MANILA -- Asia will need $26 trillion of infrastructure investment in the 15 years from 2016 to 2030, said a report published on Tuesday by the Asian Development Bank.According to the report, titled Meeting Asia's Infrastructure Needs, the region ne

    February 28, 2017 01:23 pm JST
  • ADB says Asia needs to double infrastructure spending

    MANILA, Philippines (AP) - Developing countries in Asia and the Pacific will need to spend up to $1.7 trillion a year, or $26 trillion through 2030, to meet their infrastructure needs and to maintain the region's growth momentum, the Asian Developme

    February 28, 2017 12:35 pm JST
  • Hong Kong bourse seeks diversification for mainland investors

    HONG KONG -- After creating mutual market access with Shanghai and Shenzhen, the Hong Kong bourse believes it has taken the city a step closer to becoming a global investment destination for onshore Chinese, while moving away from its historic role

    February 28, 2017 02:33 am JST
  • CLP says Australia power market outperforms China, India

    HONG KONG -- Power supplier CLP Holdings posted better-than-expected earnings as strong profits from its Australian business outweighed the impact of slower energy markets in China and India.CLP, the first Hong Kong utility to report annual earnings

    February 27, 2017 10:18 pm JST