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  • Singapore's three top banks log record profit in first quarter

    SINGAPORE -- Singapore's Oversea-Chinese Banking Corporation, the country's second largest lender by asset, reported a record net profit of 899 million Singapore dollars ($718 million) in the January-March quarter. Net profit was up 29% compared wit

    May 2, 2014 08:00 pm JST
  • KakaoTalk aims for sweet success in Southeast Asia

    TOKYO -- KakaoTalk, South Korea's largest mobile chat platform, is expanding beyond its home market and is eying Southeast Asia with particular interest. "We have two strategies, one targeting South Korea and the other for overseas markets," sai

    May 1, 2014 07:00 pm JST
  • Look around, there's a lot of fashion in Asia

    Walk the boulevards of any big Asian city on a weekend and you're bound to notice something: There is some pretty awesome fashion sharing your sidewalk. Tokyo might still be Asia's style capital, but these days the whole region has caught the cool b

    May 1, 2014 12:00 am JST
  • Look around, there's a lot of fashion in Asia

    Walk the boulevards of any big Asian city on a weekend and you're bound to notice something: There is some pretty awesome fashion sharing your sidewalk. Tokyo might still be Asia's style capital, but these days the whole region has caught the cool b

    May 1, 2014 12:00 am JST
  • The tall order of a mall order in Asia

    We are all now very used to hearing about globalization. And you only have to visit any major city across Asia to see that globalization is taking place in the retail industry. From Manila to Mumbai, Shanghai to Sydney and Tokyo to Taipei shoppers w

    May 1, 2014 12:00 am JST
  • If history is any guide, Hong Kong stocks in for gloomy May

    HONG KONG -- The concept of "sell in May and go away" -- an investment strategy based on the theory that stock prices begin trending lower in May before rising again later in the year -- is starting to win adherents in Hong Kong amid concerns that p

    April 30, 2014 07:00 pm JST
  • Hutchison Port Trust revives China expansion plan

    SINGAPORE -- After four years on the back burner, Hutchison Port Holding Trust is going ahead with a once-shelved expansion plan for its port in Shenzhen, China. Gerry Yim, CEO of Hutchison Port Holding Management, manager of the trust, announced th

    April 30, 2014 06:25 pm JST
  • Bitcoin believers plot a bounceback

    TOKYO -- Mt. Gox has gone. The 2013 darling of the bitcoin universe is in liquidation. Customers are unlikely to get back the estimated $450 million said to have been held on the exchange. Yet the Tokyo-based company's disappearance has not damp

    April 29, 2014 01:00 pm JST
  • Australian foodmaker Goodman Fielder rebuffs Wilmar consortium's takeover bid

    SINGAPORE -- Major Australian food and beverage producer Goodman Fielder on Monday rejected a takeover offer from a consortium involving Wilmar International, the Singaporean agribusiness group, and First Pacific, a Hong Kong-listed investment manag

    April 28, 2014 04:40 pm JST
  • Under the hammer, out with the trash: China art dealer reels from painting loss

    HONG KONG -- Confidence in China's auction market has taken a hit, after a multimillion-dollar painting was tossed in the trash. Poly Culture Group, a Chinese state-controlled art conglomerate, on April 8 reported to Hong Kong's police that a pa

    April 25, 2014 07:00 pm JST
  • European fashion houses branch out in China

    DALIAN, China -- Major European fashion companies are trying their hand at new businesses in China as demand for luxury-brand goods falls. Gianni Versace and Bulgari will open hotels, while Giorgio Armani is building a condominium complex. C

    April 25, 2014 01:00 pm JST
  • Metro Pacific buys into major Philippine sugar miller

    MANILA -- Metro Pacific Group, the Philippine unit of Hong Kong's First Pacific, has purchased a 5.8% stake in one of the country's largest sugar millers. According to a stock exchange filing, Metro Pacific Holdings acquired around 13.7 million

    April 24, 2014 06:18 pm JST
  • Hong Kong shares battered by Chinese corruption probe

    HONG KONG -- The Hang Seng Index ended slightly lower Tuesday as a corruption investigation at a major state-run company in China rattled investors returning from a long Easter weekend. Chinese state-run media reported on Saturday the dismissal

    April 23, 2014 05:12 am JST
  • For lackluster Hong Kong stocks, some hope from the mainland

    HONG KONG -- China's economic slowdown and ailing financial system have had the Hang Seng Index seesawing near the 22,000 mark. Now a program that would allow Chinese retail investors to buy and sell Hang Kong-listed shares through their mainland br

    April 21, 2014 12:30 pm JST
  • Hawkish Xi boosts China defense stocks

    HONG KONG -- China's defense industry stocks have risen because of expectations that Beijing will accelerate the already fast growth of the country's military. Recent comments by President Xi Jinping's have added fuel to expectations. He recentl

    April 20, 2014 07:00 am JST
  • China's Alibaba seen topping Facebook with upcoming IPO

    SILICON VALLEY -- Anticipation is growing in the stock market that Chinese e-commerce giant Alibaba Group Holding will rake in more cash than any other Internet company, including Facebook, when it goes public in the U.S. Alibaba is preparing to

    April 19, 2014 01:47 am JST
  • Investors sweet on Tencent after Candy Crush news

    HONG KONG -- Shares in Tencent Holdings climbed again Thursday on word that the Internet company will introduce the popular Candy Crush Saga video game to China. The stock rose as much as 2% to 532 Hong Kong dollars ($70) before closing 0.76% hi

    April 18, 2014 05:46 am JST
  • Citic realigning for Hong Kong 'listing'

    HONG KONG -- Chinese state-owned investment company Citic Group will effectively bring itself to the Hong Kong stock market by concentrating its assets in a unit already listed there, broadening Citic's fundraising options. The subsidiary, Citic

    April 17, 2014 05:21 am JST
  • What slowdown?

    HONG KONG -- Coveted treasures from the art world are selling for record-breaking prices amid economic uncertainties. Sotheby's on April 8 wrapped up its five-day spring auction in Hong Kong with total sales of 3.42 billion Hong Kong dollars ($4

    April 17, 2014 12:00 am JST
  • Money raised via Asian IPOs quadrupled last quarter

    HONG KONG -- Corporations procured a total of $14 billion through initial public offerings in the Asia-Pacific region during the January-March quarter, four times as much as a year earlier. The figure accounts for 41% of the global tally, accord

    April 16, 2014 04:01 am JST