Hong Kong

Asian shares flat, stay on track for a winning week

Asian shares flat, stay on track for a winning week

Published 23/06/2017

A stock quotation board displaying Japan's Nikkei average is seen before a ceremony marking the end of trading in 2016 at the Tokyo Stock Exchange (TSE) in Tokyo, Japan December 30, 2016. REUTERS/Toru Hanai

Asian shares flatlined on Friday but remained on track for a weekly gain, while crude oil prices pulled away from this week's 10-month lows.

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Tesla moves a step closer to building electric cars in China

Tesla moves a step closer to building electric cars in China

Published 23/06/2017

FILE PHOTO -- A Tesla Model X is photographed alongside a Model S at a Tesla electric car dealership in Sydney, Australia, May 31, 2017. REUTERS/Jason Reed/File Photo

Tesla Inc (TSLA.O) took a step closer toward establishing an electric vehicle manufacturing plant in China with its announcement on Thursday that it is in exploratory talks with the Shanghai municipal government.

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China`s ICBC says checks of loans by big acquirers are routine

China`s ICBC says checks of loans by big acquirers are routine

Published 23/06/2017

Fosun International Ltd services are displayed at a news conference in Hong Kong, China March 29, 2017. REUTERS/Bobby Yip

Industrial and Commercial Bank of China (ICBC) said on Friday its checks of loans to companies that made overseas acquisitions is routine, following reports that the regulator had ordered lenders to assess credit extended to a handful of highly acquisitive firms.

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Exclusive: China Unicom counts Alibaba, Tencent among investors in drive to raise $10 billion – sources

Exclusive: China Unicom counts Alibaba, Tencent among investors in drive to raise $10 billion – sources

Published 23/06/2017

FILE PHOTO: Two men chat beside a logo of Alibaba (China) Technology Co. Ltd at its headquarters on the outskirts of Hangzhou, Zhejiang province May 17, 2010. REUTERS/Steven Shi/File Photo

Chinese tech giants Alibaba Group Holdings (BABA.N) and Tencent Holdings (0700.HK) will be among new investors pouring a total of around $10 billion into mobile carrier China Unicom, sources said, part of efforts by Beijing to rejuvenate state behemoths with private cash.

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After MSCI verdict, still long wait for China`s full entry to global indexes

After MSCI verdict, still long wait for China`s full entry to global indexes

Published 21/06/2017

The MSCI logo is seen in this June 20, 2017 illustration photo. REUTERS/Thomas White/Illustration

MSCI's decision to add Chinese shares to a key benchmark is a major milestone, but investors say it will be a long and rocky road ahead before the might of the world's second-largest economy is fully reflected in global indexes.

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Israel`s Gamida Cell raises $40 million for bone marrow trial

Israel`s Gamida Cell raises $40 million for bone marrow trial

Published 19/06/2017

Israel's Gamida Cell, which is developing cellular therapies to treat cancer and rare genetic diseases, said on Monday it raised $40 million to finance the advanced trial of its product NiCord to facilitate bone marrow transplants.

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Chairman Wu charts roller-coaster ride for Waldorf-owner Anbang

Chairman Wu charts roller-coaster ride for Waldorf-owner Anbang

Published 14/06/2017

FILE PHOTO: Chairman of Anbang Insurance Group Wu Xiaohui attends the China Development Forum in Beijing, China March 18, 2017. REUTERS/Thomas Peter/File Photo

Founded as a provincial auto insurer, Anbang Insurance burst from obscurity with a $2 billion bid for New York's Waldorf-Astoria Hotel in 2014, casting the company and its ambitious chairman as flagbearers for a new breed of Chinese dealmakers.

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StanChart brings in senior talent to fuel U.S. expansion

StanChart brings in senior talent to fuel U.S. expansion

Published 14/06/2017

Torry Berntsen, Chief Executive Officer (CEO) and Head of Corporate and Institutional Banking of the Americas region for Standard Chartered Bank, poses in New York City, U.S., June 13, 2017. REUTERS/Shannon Stapleton

Standard Chartered (STAN.L) aims to expand its U.S. presence with a local hiring push and by bolstering its team in the country with senior staff from its main regions of Asia, the Middle East and Africa, its top bankers said.

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Asia shares dragged under by U.S. tech slide, dollar firm

Asia shares dragged under by U.S. tech slide, dollar firm

Published 12/06/2017

FILE PHOTO: Men look at an electronic board showing stock market information at a brokerage house in Beijing, China January 5, 2016. REUTERS/Kim Kyung-Hoon/File Photo

Asian stocks fell on Monday, with electronics heavyweights such as Samsung Electronics knocked lower by a slide in U.S. tech shares and caution ahead of this week's U.S. Federal Reserve policy meeting.

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Lawmakers urges U.S. Treasury to reject Aleris sale to China aluminum giant

Lawmakers urges U.S. Treasury to reject Aleris sale to China aluminum giant

Published 10/06/2017

United States Secretary of the Treasury Steven Mnuchin speaks at a news conference on Parliament Hill in Ottawa June 9, 2017. REUTERS/Patrick Doyle

More than two dozen U.S. lawmakers have urged U.S. Treasury Secretary Steven Mnuchin to reject the proposed sale of U.S. aluminum products maker Aleris Corp (ALSD.PK) to China Zhongwang Holdings Ltd (1333.HK) to protect U.S. security interests.

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