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  • China's big 4 banks boosted by reserve rate cut

    HONG KONG -- Shares in China's four leading commercial banks continued to advance here Tuesday following the Chinese central bank's decision to cut the amount of funds certain lenders must hold as reserves.Agricultural Bank of China climbed as much

    October 4, 2017 02:30 am JST
  • Las Vegas shooting hits MGM China shares

    HONG KONG -- The mass shooting in the U.S. city of Las Vegas prompted investors to sell MGM China Holdings shares halfway around the world here Tuesday, following a sharp drop in the American parent's shares Monday.MGM China, a major casino operator

    October 4, 2017 02:03 am JST
  • Hong Kong stocks hit 28-month peak after China's reserve cut

    HONG KONG (Nikkei Markets) -- Hong Kong shares rose to 28-month highs after the People's Bank of China unexpectedly cut the reserve requirement for some lenders. Upbeat factory activity data from Asia's largest economy also drew investors to mainlan

    October 3, 2017 09:33 pm JST
  • Chinese ceramic sets record price at Sotheby's auction

    HONG KONG -- A rare 900-year-old Northern Song dynasty ceramic dish sold to an anonymous buyer for 294.3 million Hong Kong dollars ($37.7 million) at a Sotheby's sale in Hong Kong on Tuesday, setting a record for the highest price ever paid at aucti

    October 3, 2017 09:22 pm JST
  • Nikkei Asia300 Index gains as reserve ratio cut boosts Chinese banks

    MUMBAI (NewsRise) -- Asian stocks outside of Japan advanced Tuesday, led by Chinese banks following a targeted cut in their reserve requirements by the nation's central bank.The Nikkei Asia300 Index rose 0.8% to 1,309.04. Industrial and Commercial B

    October 3, 2017 08:33 pm JST
  • Chinese lenders lead Hong Kong shares higher after PBOC move

    HONG KONG (Nikkei Markets) -- Hong Kong shares rose in their first October trading session as mainland banks listed in the city advanced after the Chinese central bank announced plans to lower reserve requirements for some lenders.The Hang Seng Inde

    October 3, 2017 02:35 pm JST
  • Robots, cloud storage to tackle Asia's aging populations

    CHIBA, Japan -- Japanese technology companies see growing business opportunities in meeting the needs of a graying population, a common challenge facing advanced countries like Japan as well as emerging nations throughout Asia.Keeping the elderly me

    October 3, 2017 01:38 pm JST
  • US top court rejects New Zealand-based internet mogul's appeal

    WASHINGTON (Reuters) -- The U.S. Supreme Court on Monday rejected New Zealand-based internet mogul Kim Dotcom's challenge to the U.S. government's bid to seize assets held by him and others involved in the now-defunct streaming website Megaupload.Th

    October 3, 2017 12:20 pm JST
  • Nikkei Asia300 Index rises after China data, Wall Street boost

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan started the December quarter on a positive note, helped by better-than-expected factory activity data from China and a record run on Wall Street.The Nikkei Asia300 Index added 0.5% to 1,298

    October 2, 2017 08:36 pm JST
  • Tens of thousands march to defend Hong Kong's rule of law against China

    HONG KONG (Reuters) -- Tens of thousands marched in China-ruled Hong Kong on Sunday in an "anti authoritarian rule" march that called for the resignation of the city's top legal official over the recent jailing of young democracy activists.The march

    October 1, 2017 09:28 pm JST
  • J.CO finds sweet success in Indonesia

    JAKARTA -- At a J.CO Donuts & Coffee shop in Jakarta, a busy yet cheerful cashier attends to customers behind a brightly lit display case. Inside are two dozen unique flavors of doughnuts with creative names such as Berry Spears, Black Jack, Copa Ba

    October 1, 2017 02:00 pm JST
  • Company in focus

    Alibaba's Jack Ma places bet on China's online insurance market

    HONG KONG -- When the heads of three of China's most prominent companies join hands to launch a start-up, investors notice.Jack Ma Yun of Alibaba Group Holding, Tencent Holdings' Pony Ma Huateng, and Peter Ma Mingzhe of Ping An Insurance Group -- co

    October 1, 2017 12:00 pm JST
  • Hong Kong stocks suffer first monthly loss of 2017

    HONG KONG (Nikkei Markets) -- Hong Kong shares in September suffered their first monthly loss this year as tensions over North Korea and S&P Global's downgrade of China's sovereign rating added to concern about stretched equity valuations.The benchm

    September 29, 2017 08:29 pm JST
  • Nikkei Asia300 Index rises tracking U.S. stocks, rebound in regional currencies

    MUMBAI (NewsRise) -- Asian stocks outside of Japan rose Friday, after the S&P 500 index hit a record high in U.S. overnight and as regional currencies rebounded against the dollar.The Nikkei Asia300 Index advanced 0.2% to 1,291.46. However, the inde

    September 29, 2017 08:17 pm JST
  • Hong Kong stocks rise on strength in banks, consumer companies

    HONG KONG (Nikkei Markets) -- Hong Kong shares advanced on Friday in thin trading ahead of a holiday-extended weekend, led by broad gains for banking and consumer companies.The Hang Seng Index rose 0.3% to 27,512.65 by midday. Industrial & Commercia

    September 29, 2017 03:01 pm JST
  • China brings Hong Kong democracy activists to heel

    HONG KONG -- Three years after the pro-democracy uprising that gave the Umbrella Movement its name, the draconian government crackdown is raising concerns over a chilling effect as three student leaders serve time and others stand trial.Suffering fo

    September 29, 2017 04:35 am JST
  • Nikkei Asia300 Index falls on losses in airline stocks

    MUMBAI (NewsRise) -- Asian shares outside of Japan fell Thursday, as airline stocks extended losses and a proposed U.S. tax cut boosted the dollar.The Nikkei Asia300 Index shed 0.6% to close at 1,288.56. The H-shares of China Eastern Airlines and Ch

    September 28, 2017 08:42 pm JST
  • Chinese companies drag Hong Kong market down before holiday

    HONG KONG (Nikkei Markets) -- Shares of Chinese companies listed in Hong Kong fell to their lowest level in five weeks on Thursday as an investment channel that allows mainland investors to trade local equities closed for an extended holiday break.T

    September 28, 2017 08:00 pm JST
  • ZhongAn jumps in Hong Kong debut after $1.5bn IPO

    HONG KONG (Nikkei Markets) -- ZhongAn Online P&C Insurance jumped as much as 18% on its stock exchange debut on Thursday, as investors bet on the prospects of China's largest online insurer backed by marquee investors including billionaire Jack Ma.T

    September 28, 2017 07:14 pm JST
  • Hong Kong stocks dip, as ZhongAn shares jump on debut

    HONG KONG (Nikkei Markets) -- Hong Kong shares fell on Thursday in the absence of Chinese buying, ahead of next week's holidays and amid concern that a strengthening U.S. dollar could sap investor appetite for risky assets.The Hang Seng Index gave u

    September 28, 2017 03:02 pm JST