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  • Hong Kong stocks tumble on US-China trade war fears

    HONG KONG (Nikkei Markets) -- Hong Kong shares tumbled on Friday, hurt by weak risk appetite amid increasing fears of a trade war between the U.S. and China, and as Tencent Holdings slumped after its top shareholder trimmed its ownership in the comp

    March 23, 2018 03:04 pm JST
  • Steve Wynn sells stake in company he founded; Macau casino Galaxy buys in

    Steve Wynn, the former chief executive of Wynn Resorts Ltd, is selling all his remaining 8 million shares in the firm in a dramatic exit of the casino and hotel enterprise he founded over 16 years ago.In a surprise move, Macau casino operator Galaxy

    March 23, 2018 12:58 pm JST
  • China unveils retaliatory measures against Trump's tariff threats

    BEIJING/WASHINGTON -- China on Friday announced plans to impose tariffs on $3 billion worth of imports from the U.S., in apparent retaliation to U.S. President Donald Trump ordering levies on a range of imports from China. Beijing urged the U.S. to

    March 23, 2018 12:11 pm JST
  • Japan warns Hong Kong-based crypto exchange

    TOKYO -- Japan's Financial Services Agency announced on Friday that it has warned a Hong Kong-based company believed to be the world's biggest cryptocurrency exchange operator.The company, Binance, has been operating in Japan without a license. The

    March 23, 2018 10:52 am JST
  • Stocks slide, bonds and yen gain on Trump's China tariffs

    TOKYO (Reuters) -- Stock markets slid and perceived havens such as government bonds and the yen gained on Friday as investors rushed to safety after U.S. President Donald Trump announced long-promised tariffs on Chinese goods, stoking fears of a glo

    March 23, 2018 10:50 am JST
  • China's Hengan to sell tampons in home market

    HONG KONG -- China's largest sanitary napkin manufacturer, Hengan International Group, will sell its own tampon products in the Chinese market to break into this relatively undeveloped sector and challenge foreign brands' dominance.Hengan bets that

    March 23, 2018 12:39 am JST
  • Nikkei Asia300 Index declines as Tencent falls after earnings

    MUMBAI (NewsRise) -- Asian stocks outside of Japan fell Thursday, as losses in heavyweight Tencent Holdings wiped off earlier gains after the U.S. Federal Reserve stuck to its interest rate projections for 2018.The Nikkei Asia300 Index fell 0.8% to

    March 22, 2018 10:03 pm JST
  • Naspers to sell 190 million shares in Tencent, paring stake to 31.2%

    HONG KONG (Nikkei Markets) -- South African internet and media major Naspers said on Thursday that it intends to sell about 190 million shares in Hong Kong-listed gaming-and-social-media giant Tencent Holdings.The shares, equal to about a 2% stake i

    March 22, 2018 09:20 pm JST
  • Li & Fung 2017 net profit up 6.5% as operating costs decline

    HONG KONG (Nikkei Markets) -- Li & Fung, a Hong Kong-listed supply-chain-and-logistics major, on Thursday posted a 6.5% increase in 2017 net profit from continuing operations, aided by lower operating costs.Net profit rose to $170 million from $160

    March 22, 2018 08:49 pm JST
  • Hong Kong stocks slide as Tencent tumbles after earnings

    HONG KONG (Nikkei Markets) -- Hong Kong shares were dragged lower on Thursday, as heavyweight Tencent Holdings tumbled after reporting a decline in fourth-quarter revenue from online games compared with the previous three months.The Hang Seng Index

    March 22, 2018 08:37 pm JST
  • Tencent's post-earnings decline drags Hong Kong stocks lower

    HONG KONG (Nikkei Markets) -- Hong Kong shares were down by midday on Thursday, as weakness for heavyweight Tencent Holdings eroded early gains triggered by the U.S. Federal Reserve's statement on monetary policy that was less hawkish than some inve

    March 22, 2018 02:35 pm JST
  • Interview

    Outspoken Hong Kong actor keeps up support for pro-democracy protests

    HONG KONG -- For at least one actor in this city famous for the glorious pursuit of wealth, making movies is not only about the money.Chapman To Man-chak is best known in Hong Kong for his advocacy of Cantonese-language films and outspoken support o

    March 22, 2018 01:00 pm JST
  • Puja Kapai: This is what Asia must do to tackle sexual harassment at work

    The #MeToo movement against sexual harassment that kicked off in the U.S. is starting to gain momentum in Asia. Actresses in Hong Kong, a prosecutor in South Korea, a journalist in Japan and even factory workers in China have spoken out about their

    March 22, 2018 10:00 am JST
  • Tencent's Q4 profit nearly doubles on rapid user growth

    GUANGZHOU -- Tencent Holdings lifted net profit 97.5% on the year to 20.7 billion yuan ($3.27 billion) for the October-December quarter, though the Chinese company acknowledged Wednesday feeling a pinch from tighter U.S. scrutiny of foreign acquisit

    March 22, 2018 03:42 am JST
  • China's Geely set to tackle mainstream European market

    HONG KONG -- China's homegrown auto maker Zhejiang Geely Holding Group is set to tackle the mainstream European market, following years of preparation and a new-found confidence about driving onto foreign turf. Despite owning Sweden's Volvo Cars, an

    March 22, 2018 12:20 am JST
  • Nikkei Asia300 Index falls as investors await Fed decision

    MUMBAI (NewsRise) -- Asian stocks outside of Japan fell Wednesday as investors awaited cues on the pace of the Federal Reserve's future rate increases.The Nikkei Asia300 Index declined 0.1% to 1,464.04. Hong Kong-shares of Ping An Insurance Group cl

    March 21, 2018 08:35 pm JST
  • Hong Kong shares fall as Tencent slips from near record high

    HONG KONG (Nikkei Markets) -- Hong Kong shares gave up early gains to end lower on Wednesday, as heavyweights Ping An Insurance Group and Tencent Holdings retreated amid apparent profit-taking.The Hang Seng Index lost 0.4% to close at 31,414.52 poin

    March 21, 2018 07:34 pm JST
  • Earnings help pull Hong Kong's stock index toward 32,000

    HONG KONG (Nikkei Markets) -- Hong Kong shares extended gains on Wednesday as upbeat annual earnings spurred buying activity, with heavyweights Ping An Insurance Group and Tencent Holdings driving advances.The Hang Seng Index was up 1.2% to 31,931.0

    March 21, 2018 02:20 pm JST
  • Hong Kong exchange confident of Aramco listing

    HONG KONG -- The chief executive of Hong Kong Exchanges & Clearing on Tuesday expressed confidence of a Hong Kong listing for Saudi Arabian Oil, the state company better known as Saudi Aramco, despite a recent report that the oil giant now expects a

    March 20, 2018 11:01 pm JST
  • Exclusive

    AirAsia had talks with cash-strapped HNA over asset purchases

    HONG KONG -- AirAsia discussed possible acquisitions from debt-laden Chinese hospitality conglomerate HNA Group, the founder and CEO of one of the region's largest budget airlines said Tuesday.Tony Fernandes said he met HNA co-founder and Chairman W

    March 20, 2018 09:44 pm JST