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  • Hong Kong shares retreat as HSBC slides after results

    HONG KONG (Nikkei Markets) -- Hong Kong shares reversed intraday gains to fall for the first time in four days amid mild trading, after banking heavyweight HSBC Holdings reported weaker-than-expected earnings.The Hang Seng Index lost 0.8% to 30,873.

    February 20, 2018 06:58 pm JST
  • Hong Kong shares extend gains after Chinese New Year break

    HONG KONG (Nikkei Markets) -- Hong Kong shares advanced by midday on Tuesday after a choppy morning session, as investors bought into local equities ahead of quarterly earnings announcements by HSBC Holdings and Hang Seng Bank.The Hang Seng Index wa

    February 20, 2018 02:13 pm JST
  • Asian deals lift global real estate investment in 2017

    TOKYO -- International investors continued to show a strong appetite for real estate last year as it remained a source of relatively high returns in a low-interest-rate world.Global property investment climbed 2.1% in 2017 to $957.6 billion, the sec

    February 20, 2018 04:48 am JST
  • Is Cambodia a 'Japanese beef-laundering' hub?

    PHNOM PENH -- Cambodia's imports of beef from Japan, widely known as "wagyu," have shot up, yet you will struggle to find it on a menu in even the most exclusive restaurants in Phnom Penh.Many now believe the country has become a staging post on a "

    February 18, 2018 04:30 pm JST
  • Indian diamond mogul Nirav Modi loses sparkle

    MUMBAI -- Huge hoardings on Mumbai's Peddar Road, which winds through one of the most high-class residential districts of the city, show larger-than-life images of former Victoria's Secret model Rosie Alice Huntington-Whiteley and actress Priyanka C

    February 16, 2018 10:55 pm JST
  • Nikkei Asia300 Index little changed as Indian banks fall

    MUMBAI (NewsRise) -- Asian stocks outside of Japan ended little changed on Friday as losses in Indian lenders offset positive U.S. cues.The Nikkei Asia300 Index ended almost unchanged at 1,445.71. For the week, it added about 4%, rebounding from the

    February 16, 2018 08:36 pm JST
  • Hong Kong stock market set to announce dual-class listing rules

    HONG KONG -- The Hong Kong stock exchange is preparing to announce a final plan to accept dual-class stock listings, a way for specific shareholders to have more heavily weighted voting rights than other shareholders. The move is meant to attract li

    February 16, 2018 01:30 pm JST
  • India bank fraud raises doubts over financial controls

    MUMBAI -- The $1.8 billion alleged fraud at India's second-largest public sector bank, Punjab National Bank, has raised serious concerns over inadequate controls and inefficiencies within the Indian banking sector, just as the government continues i

    February 15, 2018 08:59 pm JST
  • Nikkei Asia300 Index rises as Wall Street recovery continues

    MUMBAI (NewsRise) -- Asian stocks outside of Japan rose Thursday, as a faster-than-expected U.S. inflation data did little to derail the recovery in global equity markets.The Nikkei Asia300 Index advanced 1.1% to 1,445.81. Trading was subdued with H

    February 15, 2018 08:34 pm JST
  • Hong Kong stocks post gain in shortened trading week

    HONG KONG (Nikkei Markets) -- Hong Kong shares swung back to deliver their best weekly performance in nearly three years, tracking a rebound for global equities after a steep sell-off the previous week.The Hang Seng Index added 2% to 31,115.43 at th

    February 15, 2018 02:43 pm JST
  • China's SMIC vows to step up its chip technology as profits sag

    TAIPEI Chinese contract chipmaker Semiconductor Manufacturing International Corp. has vowed to bring its chip technologies up to speed with the help of government support, despite deteriorating profits and a slowing mobile market.Co-chief Executive

    February 15, 2018 10:00 am JST
  • Steve Wynn's downfall could put his Macau casinos in play

    HONG KONG The future of the Asian gambling business built by U.S. casino tycoon Steve Wynn has been thrown into question after his resignation from management amid allegations of sexual misconduct.Wynn's reputation for creating themed properties tha

    February 15, 2018 10:00 am JST
  • Hong Kong stock market rallies 2.3% amid global rebound

    HONG KONG (Nikkei Markets) -- Hong Kong shares extended gains on Wednesday, as investors bought into local and mainland stocks tracking a global rebound ahead of the Chinese New Year holiday.The Hang Seng Index added 2.3% to 30,515.60, its biggest s

    February 14, 2018 08:04 pm JST
  • China-fueled property boom distorts markets in Asia-Oceania

    SINGAPORE -- As red-hot investment money from China continues to drive up real estate prices in Asia and Oceania, local authorities have started taking steps to curb the enthusiasm before things get out of control.In Hong Kong, a group of investors

    February 14, 2018 03:50 pm JST
  • HNA executives buy offshore dollar bonds amid credit crunch

    HONG KONG (Reuters) -- China's debt-laden HNA Group said some of its board directors and senior managers have bought offshore dollar bonds guaranteed by the conglomerate - the latest in a series of measures it is taking to shore up its finances.HNA

    February 14, 2018 02:39 pm JST
  • Hong Kong shares extend gains following Wall Street recovery

    HONG KONG (Nikkei Markets) -- Hong Kong shares headed for a second day of gains on Wednesday, as U.S. equity indexes continued to rebound after a sharp sell-off last week and even as investors remained cautious ahead of the Chinese New Year holiday.

    February 14, 2018 02:07 pm JST
  • Hong Kong court upholds ban against independence candidate

    HONG KONG -- The High Court here sided Tuesday with Hong Kong election officials who blocked a pro-independence candidate from a 2016 legislative race, a ruling that sets a precedent for similar cases in the Chinese administrative region.Andy Chan H

    February 14, 2018 03:04 am JST
  • MGM shifts capacity to catch up with Macau gaming rivals

    MACAU -- Casino operator MGM China Holdings has transferred dozens of its gaming tables from MGM Macau to its newly opened casino in Cotai to fend off rivals who have a larger presence nearby.MGM Cotai, which opened on Tuesday at a price tag of $3.4

    February 14, 2018 12:13 am JST
  • Nikkei Asia300 Index extends gains as Wall Street recovers

    NEW DELHI (NewsRise) -- Asian stocks outside of Japan advanced for a second day as a global equity selloff sparked by a pullback in U.S. equities last week abated.The Nikkei Asia300 Index rose 1.1% to 1,414.30 on Tuesday, extending Monday's 0.6% adv

    February 13, 2018 08:23 pm JST
  • Hong Kong shares rebound after strong China loans data

    HONG KONG (Nikkei Markets) -- Hong Kong shares rebounded from a seven-week low on Tuesday, spurred by extended gains in the U.S. and strong credit data from China.The benchmark Hang Seng Index added 1.3% to 29,839.53, its first gain in three days. S

    February 13, 2018 07:01 pm JST