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  • McDonald's to open 2,000 more China stores by end-2022

    SHANGHAI (Reuters) -- McDonald's Corp will increase its number of stores in mainland China to 4,500 by the end of 2022, up from 2,500 currently, as part of a strategic partnership with Citic Ltd and the Carlyle Group, it said on Tuesday.The global f

    August 8, 2017 02:55 pm JST
  • Tencent, Geely climb, CLP slides as Hong Kong shares confined to range

    HONG KONG (Nikkei Markets) -- Hong Kong shares fluctuated within a narrow range Tuesday as investors appeared to pause before a slew of blue-chip companies announced their interim earnings reports.The Hang Seng Index added 0.1% to 27,722.70 by midda

    August 8, 2017 02:31 pm JST
  • Hong Kong's CLP says profits hard to find in Australia, China

    HONG KONG -- Regional electricity provider CLP Holdings said Monday trading conditions in Australia and China -- its two biggest markets outside Hong Kong -- remain tough after operations in those countries dragged down the company's bottom-line in

    August 7, 2017 10:57 pm JST
  • Sogo operator 'prudently optimistic' about Hong Kong retail

    HONG KONG -- Sogo department store operator Lifestyle International Holdings is "prudently optimistic" about the retail market outlook for the second half of the year on signs of recovery in the sector."We saw an increase of tourist arrivals in July

    August 7, 2017 09:54 pm JST
  • Trade, not politics: Orient Overseas defends Cosco takeover

    HONG KONG -- Hong Kong-based Orient Overseas Container Line blamed industry competition rather than political pressure on its decision to sell the half-century-old family business to a state-owned Chinese peer.The $6.3 billion takeover by Cosco Ship

    August 7, 2017 07:53 pm JST
  • Hong Kong shares revisit 26-month high on Tencent rally, China flows

    HONG KONG (Nikkei Markets) -- Hong Kong shares revisited a 26-month peak as heavyweight Tencent Holdings hit an all-time high and local equities continued to lure inflows from China.The Hang Seng Index rose 0.5% to 27,690.36, its highest close since

    August 7, 2017 07:32 pm JST
  • Hong Kong shares track U.S. equities higher as Tencent, China banks climb

    HONG KONG (Nikkei Markets) -- Hong Kong shares advanced Monday, poised to extend a four-week rising streak, after upbeat U.S. employment numbers helped spur Wall Street stocks on Friday.The Hang Seng Index added 0.4% to 27,666.15 by midday, adding t

    August 7, 2017 02:22 pm JST
  • Alibaba is finding new challenges in entering the Hong Kong market

    HONG KONG -- Having established a dominant position in its home market, Chinese e-commerce giant Alibaba Group Holding is now looking to boost its presence in Hong Kong, rolling out its Tmall retail website for local consumers and releasing a versio

    August 7, 2017 09:43 am JST
  • Chemicals sector grows fastest in July's Asia PMI

    TOKYO -- The Nikkei Asia Sector Purchasing Managers' Index, or PMI, for July showed output growth in 15 of the 19 sectors monitored.Chemicals (54.7) marked the sharpest growth, followed by healthcare services (54.0) and beverages and food (53.8).On

    August 7, 2017 09:30 am JST
  • Business Insight

    Noble Group humbled by mercurial founder's misjudgment

    For decades, there was no better way to profit from the rise of value-added manufacturing in Asia, particularly in China, than to invest in Singapore's Noble Group. Its ships tied the region's supply chains together as they transported raw materials

    August 6, 2017 12:49 pm JST
  • Hong Kong landlord to build millennial-friendly offices with running track

    HONG KONG -- Hong Kong landlord Hysan Development is testing the millennial waters -- with its latest attempt to build a 32-storey office complex that comprises a rooftop running track, sports and wellness facilities, in the heart of a bustling shop

    August 5, 2017 06:50 pm JST
  • Buyer of Peninsula Hotels stake tries pre-empting takeover talk

    HONG KONG -- Hongkong and Shanghai Hotels' new second-largest shareholder is not attempting a hostile takeover, he assured the operator of Peninsula Hotels in a letter whose existence was revealed Friday.The missive came from Chua Hwa Por of Singapo

    August 5, 2017 06:38 am JST
  • Nikkei Asia300 index posts weekly gains on Chinese stock gains

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan rose this week, as optimism over earnings lifted mainland Chinese companies.The Nikkei Asia300 index ended little changed at 1,292.76 on Friday. For the week, it rose 0.4%. Suning Commerce

    August 4, 2017 08:43 pm JST
  • Shares in Chinese coal producers surge on industry leader's production cut

    HONG KONG -- Shares in Chinese coal producers surged on Friday following the announcement of a cut in production by the nation's industry leader China Shenhua Energy.The coal company said Thursday night that it had temporary suspended or reduced coa

    August 4, 2017 08:43 pm JST
  • Hong Kong stocks record fourth weekly gain, riding on earnings expectations

    HONG KONG (Nikkei Markets) -- Hong Kong shares completed a fourth straight weekly advance on Friday as an optimistic earnings outlook helped tamp down concerns about rising equity valuations.The Hang Seng Index clinched a 2.2% gain during the week,

    August 4, 2017 07:27 pm JST
  • Market reaction divides on Li Ka-shing companies

    HONG KONG -- CK Hutchison Holdings weakened in Hong Kong stock trading Friday, temporarily logging a fall of 5.20 Hong Kong dollars, or 4.79%, from the previous day's close to HK$103.30.Investors sold CK Hutchison shares to lock in profit following

    August 4, 2017 06:20 pm JST
  • Hong Kong stocks waver as CK Property, Hutchison diverge after results

    HONG KONG (Nikkei Markets) -- Hong Kong shares struggled for direction as investors considered mixed cues from Wall Street and earnings reports from some blue-chip local companies.The Hang Seng Index added less than 0.1% to 27,541.71 by noon after c

    August 4, 2017 02:22 pm JST
  • Chinese companies turn corner on credit ratings

    HONG KONG -- Chinese companies are finally being graded more positively after garnering net negative rating actions for five successive quarters, according to credit agency S&P Global. Yet the budding uptrend -- largely on the back of recovering com

    August 4, 2017 02:06 am JST
  • Li Ka-shing's CK Hutchison buoyed by European recovery

    HONG KONG -- Hong Kong's richest man, Li Ka-shing, is reaping dividends from his global ventures as his sprawling conglomerate CK Hutchison Holdings posted higher first-half earnings, lifted by a telecommunications joint venture in Europe. The 89-ye

    August 4, 2017 01:21 am JST
  • Nikkei Asia300 index falls as South Korean stocks drop on tax proposals

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan declined Thursday, led by South Korean shares following a proposed increase in taxes on large corporations.The Nikkei Asia 300 index lost 0.6% at 1,292.47.Nikkei's index for South Korea fel

    August 3, 2017 09:01 pm JST