Hong Kong

World shares, dollar rise after week of North Korea-driven losses

World shares, dollar rise after week of North Korea-driven losses

Published 14/08/2017

World stocks rose on Monday, recovering some of their poise after fears of a U.S.-North Korea nuclear standoff drove them to the biggest weekly losses of 2017, while the dollar too rose off four-month lows it had hit against the yen. [more…]

China a sweet spot for U.S. companies’ earnings in second-quarter

China a sweet spot for U.S. companies’ earnings in second-quarter

Published 14/08/2017

Trade tensions between Washington and Beijing may be running high but Corporate America is finding China to be a reliable source of profit growth this year. [more…]

China`s Fosun, Shanghai Pharma say bid for stake in U.S. drugmaker Arbor

China`s Fosun, Shanghai Pharma say bid for stake in U.S. drugmaker Arbor

Published 14/08/2017

A unit of China's Fosun Group and Shanghai Pharmaceuticals Holding Co (601607.SS) are among bidders for a stake in U.S. speciality drugmaker Arbor Pharmaceuticals LLC, the companies said on Monday. [more…]

Exclusive: Saudi Arabia favours New York for Aramco listing despite risks – sources

Exclusive: Saudi Arabia favours New York for Aramco listing despite risks – sources

Published 12/08/2017

Saudi Arabia favours New York for the main foreign listing of state oil giant Aramco, even though some financial and legal advisers have recommended London as a less problematic and risky option, people familiar with the matter told Reuters. [more…]

In Asia financial markets, the fear indicators still send a buy signal

In Asia financial markets, the fear indicators still send a buy signal

Published 07/08/2017

Asian investors, wary that the region’s stock markets and currencies have run up too far too fast and wondering whether it is time to take some money off the table, are finding that their concerns are not being reflected in major gauges of volatility and fear. [more…]

Asia stocks buoyant, dollar steadies after solid U.S. job gains

Asia stocks buoyant, dollar steadies after solid U.S. job gains

Published 07/08/2017

Asian stocks advanced on Monday, taking their cue from Wall Street, while the dollar moderated but retained most of its gains after a stronger-than-expected July job report. [more…]

Trump adds trademarks in casino hub Macau

Trump adds trademarks in casino hub Macau

Published 07/08/2017

A company linked to U.S. President Donald Trump has been granted approval from the Chinese territory of Macau for additional trademarks, including casino services, to develop the "Trump" brand in the world's biggest gambling center. [more…]

As short sellers target Chinese companies in Hong Kong, hostility mounts

As short sellers target Chinese companies in Hong Kong, hostility mounts

Published 07/08/2017

Short sellers are increasingly targeting Hong Kong-listed Chinese companies they allege have committed accounting tricks, market manipulation and fraud. And that’s despite mounting hostility faced by investors who bet against stocks. [more…]

Bubbles in Hong Kong harbor are Japanese artist`s thought-stirrer

Bubbles in Hong Kong harbor are Japanese artist`s thought-stirrer

Published 02/08/2017

Millions of bubbles floated across Hong Kong's Victoria Harbour on Wednesday, the latest public art exhibition by Japanese artist Shinji Ohmaki. [more…]

Baidu competitor says to focus on AI as it plans U.S. IPO

Baidu competitor says to focus on AI as it plans U.S. IPO

Published 01/08/2017

China's second-largest mobile search engine Sogou, controlled by Sohu.com [SOHU.O] and 45 percent owned by Tencent Holdings [0700.HK], said it will focus on artificial intelligence (AI) as it aims to build a next-generation search engine.

[more…]