A trader works on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S. December 27, 2016. REUTERS/Andrew Kelly Stocks edged higher on Tuesday as trading in some of the world’s major financial markets resumed after a Christmas break... More »
A sign of Tencent is seen during the third annual World Internet Conference in Wuzhen town of Jiaxing, Zhejiang province, China November 16, 2016. REUTERS/Aly Song Two Chinese companies and Singapore’s sovereign wealth fund GIC have agreed to buy a 10 percent ... More »
A man looks at an electronic board showing the stock market indices of various countries outside a brokerage in Tokyo, Japan, November 16, 2016. REUTERS/Toru Hanai Asian shares slipped to four-week lows on Monday as the prospect of higher U.S. interest rates a... More »
Actor Matt Damon attends a red carpet event promoting Chinese director Zhang Yimou’s latest film ‘Great Wall’ in Beijing, China December 6, 2016. REUTERS/Jason Lee China’s box office is set to end the year with its smallest growth in a decade, clouding the out... More »
A gas station attendant pumps fuel into a customer’s car at PetroChina’s petrol station in Beijing, China, March 21, 2016. REUTERS/Kim Kyung-Hoon Oil prices jumped to their highest levels in a year and a half on Monday after OPEC and non-OPEC producers agreed ... More »
A woman shows her phone operating Ant Check, an Alibaba-linked platform, at a cafe in Beijing, China, April 11, 2016. REUTERS/Shirley Feng/File Photo Ma Yiqing, 24, is typical of China’s younger generation – he uses his credit card frequently and borrows from ... More »
Australian journeyman Sam Brazel prevailed in a tense final hole shoot-out with runnerup Rafa Cabrera Bello to win the Hong Kong Open by a stroke and capture his first European Tour title on Sunday. More »
An employee of a foreign exchange trading company works near monitors showing Italian Prime Minister Matteo Renzi on TV news (top C), and the Japanese yen’s exchange rate against the euro in Tokyo, Japan, December 5, 2016. REUTERS/Toru Hanai The euro fell to a... More »
Men walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan, November 18, 2016. REUTERS/Toru Hanai The dollar and U.S. bond yields fell on Monday as investors reversed a “Trumpflation” trade that has gripped markets sin... More »
Six of the nine armoured troop carriers belonging to Singapore, from a shipment detained at a container terminal, are seen in Hong Kong, China November 24, 2016. Picture taken through a glass window. REUTERS/Bobby Yip/File Photo China said on Monday it had lod... More »
Chinese photo app and mobile phone maker Meitu Inc is set to launch an up to $735 million initial public offering in Hong Kong, IFR reported on Monday, citing people close to the deal. More »
People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan, November 16, 2016. REUTERS/Toru Hanai Asian shares were on the defensive on Monday, undermined by fears that the strength in the U.S. dollar and rising U.S... More »
U.S. President Barack Obama talks with Russian President Vladimir Putin at the APEC Economic Leaders’ Meeting in Lima, Peru November 20, 2016. REUTERS/Kevin Lamarque U.S. President Barack Obama and his Russian counterpart Vladimir Putin spoke for around four m... More »
People pose for pictures during the third annual World Internet Conference in Wuzhen town of Jiaxing, Zhejiang province, China November 16, 2016. REUTERS/Aly Song/File Photo China’s ambitions to tighten up regulation of the Internet have found a second wind in... More »
The German share prize index (DAX) board is seen at the trading room of Frankfurt’s stock exchange (Boerse Frankfurt) during trading session in Frankfurt Germany, October 14, 2016. REUTERS/Kai Pfaffenbach The U.S. dollar hit an 11-month peak on Monday as the r... More »
A newly launched waste-to-energy plant by Suzhou Wujiang Everbright Environmental Energy Ltd is seen in Wujiang of Suzhou, Jiangsu province, China, November 8, 2016. REUTERS/Aly Song Thousands of tonnes of urban waste are hidden behind scrubbed white walls at ... More »
People are reflected in a display (top) showing the current exchange rate between U.S. dollar and Japanese Yen outside a brokerage in Tokyo, Japan, November 7, 2016. REUTERS/Kim Kyung-Hoon Asian stocks rose on Tuesday as world markets braced for the outcome of... More »
File photo of Rurik George Caton Jutting, a British banker charged with two counts of murder after police found the bodies of two women in his apartment, sitting in the back row of a prison bus as he arrives at the Eastern Law Courts in Hong Kong November 24, ... More »
Hong Kong Chief Justice Geoffrey Ma speaks to the media during a media tour of the Court of Final Appeal (CFA), after it officially moved to the former Legislative Council Building at Central, in Hong Kong, China September 18, 2015. REUTERS/Tyrone Siu/File Pho... More »
From childhood illustrations to items from movies he has directed, American filmmaker Tim Burton is bringing a touring exhibition of his works to Hong Kong through which he hopes to inspire others in their creative pursuits. More »
The logo of Germany’s largest business bank, Deutsche Bank is seen in front of one of the bank’s office buildings in Frankfurt, Germany, October 27, 2016. REUTERS/Kai Pfaffenbach Deutsche Bank’s (DBKGn.DE) sale of a 20 percent stake in Chinese peer Hua Xia (60... More »
IPO brochures of China Zhongwang Holdings Limited are displayed at a news conference in Hong Kong April 23, 2009. REUTERS/Bobby Yip/File Photo Twelve U.S. senators urged on Wednesday that a national security review panel reject Chinese aluminum giant Zhongwang... More »
A man uses his laptop next to Lenovo’s logos during the Mobile World Congress in Barcelona, Spain February 25, 2016. REUTERS/Albert Gea China’s Lenovo Group Ltd (0992.HK), the world’s largest personal computer (PC) manufacturer by shipments, on Thursday said i... More »
George Twopointoh, brand ambassador for Genworth, speaks with Ugo Dumont, a volunteer for the Genworth R70i Aging Experience, during a demonstration at the Liberty Science Center in Jersey City, New Jersey in this file photo dated April 5, 2016. REUTERS/Shanno... More »
People walk past an electronic board displaying various Asian countries’ stock price index and world major index outside a brokerage in Tokyo, Japan, August 21, 2015. REUTERS/Issei Kato/File Photo Asian stocks eked out gains but lacked clear direction on Monda... More »
By Beh Lih YiJAKARTA (Thomson Reuters Foundation) – Cyril Goliava cut an elegant figure in her yellow evening gown as she won a beauty pageant in Hon More »
Armed policemen guard the entrance as a prison car carrying British former banker Rurik Jutting enters High Court in Hong Kong, China October 24, 2016. REUTERS/Bobby Yip Jurors were warned by a Hong Kong judge that former British banker Rurik Jutting filmed th... More »
Some of the products of Smithfield Foods are displayed in front of at a news conference on WH Group’s IPO in Hong Kong April 14, 2014. REUTERS/Bobby Yip Smithfield Foods Inc expects to resume full production on Monday at its North Carolina meat operations, inc... More »
FILE PHOTO – A man walks in front of a screen showing today’s movements of Nikkei share average outside a brokerage in Tokyo, Japan, June 2, 2016. REUTERS/Issei Kato Asian shares fell on Monday while the dollar held firm near seven-month high after comments fr... More »
The Crown Casino complex is pictured in Melbourne March 19, 2016. REUTERS/Jason Reed/File photo Australian casino giant Crown Resorts Ltd said on Monday China had detained 18 of its employees including three Australians, sending gaming stocks tumbling on conce... More »
The building of Vodafone Egypt Telecommunications Co is seen at the Smart Village in the outskirts of Cairo, Egypt, October 27, 2015. REUTERS/Asmaa Waguih Vodafone Egypt and Etisalat have requested fourth-generation mobile phone service licenses in Egypt, an o... More »
Tencent comany name is displayed at a news conference in Hong Kong, China March 17, 2016. REUTERS/Bobby Yip/File Photo Tencent Holdings Ltd said a consortium formed to buy game developer Supercell has raised $850 million by selling new shares to investors incl... More »
British Pop Star David Bowie screams into the microphone as he performs on stage during his concert in Vienna February 4, 1996. REUTERS/Leonhard Foeger/File Photo Auctioneers showcased a selection of art belonging to the late British rock star David Bowie in H... More »
A man stands next to an electronic board showing stock prices in Tokyo, Japan, August 18, 2016. REUTERS/Kim Kyung-Hoon World shares tapped the brakes on Tuesday as oil prices eased back from their highest level of the year, while Britain’s sterling took anothe... More »
Sign board of Ant Financial is seen at its office in Hangzhou, Zhejiang Province, China September 21, 2016. REUTERS/John Ruwitch/File Photo Marques More »
Britain’s Prime Minister Theresa May gives her speech on the final day of the annual Conservative Party Conference in Birmingham, Britain, October 5, 2016. REUTERS/Toby Melville/File Photo Prime Minister Theresa May criticized Britain’s finance industry for fa... More »
Switzerland’s financial watchdog FINMA has sanctioned Falcon Private Bank Ltd after it “seriously breached” money-laundering regulations over its handling of funds linked to scandal-hit Malaysian state investment fund 1MDB, FINMA said on Tuesday. More »
Abu Dhabi investor Aabar is at this time not divesting Zurch-based Falcon Private Bank, the chief executive of the Swiss wealth manager said on Tuesday. More »
Steven Spielberg (L), film director and chairman of Amblin Partners and Jack Ma, chairman and chief executive of Alibaba Group, attend an event to announce partnership between Alibaba Pictures Group Limited and Amblin Partners, in Beijing, China, October 9, 20... More »
The company logo of BOC Aviation is displayed during a news conference ahead of its listing in Hong Kong, China May 18, 2016. REUTERS/Bobby Yip Aircraft lessor BOC Aviation Ltd (2588.HK) said on Monday it would buy five new planes from Air China (601111.SS), w... More »
A man walks in front of a screen showing today’s movements of Nikkei share average outside a brokerage in Tokyo, Japan, June 2, 2016. REUTERS/Issei Kato Asian shares got the new quarter off to a firm start on Monday and European bourses were expected to follow... More »
A red traffic light is pictured in front of the Deutsche Bank headquarters in Frankfurt, Germany, September 30, 2016. REUTERS/Kai Pfaffenbach While possibly Europe’s biggest “pain trade”, fund managers are under pressure to buy banking stocks despite the deep ... More »
Asylum seekers Vanessa Mae Bondalian Rodel, 42, from the Philippines, and Ajith Pushpakumara, 44, from Sri Lanka, who helped hiding Edward Snowden while he was in Hong Kong in 2013, attend a special screening of the film ‘Snowden’ directed by Oliver Stone, in ... More »
Reflections are seen in the windows of a Bank of America branch in New York, U.S. on October 8, 2008. REUTERS/Lucas Jackson/File Photo Bank of America (BAC.N) is set to cut about two dozen investment banking (IB) jobs in Asia, including some top dealmakers sta... More »
China has launched a 350 billion yuan ($52.5 billion) restructuring fund as the government pushes ‘supply-side’ reforms that have included mergers of inefficient state enterprises and laying off workers in struggling sectors such as coal and steel. More »
Tencent Chairman and Chief Executive Officer Pony Ma Huateng speaks during a news conference announcing the company’s results in Hong Kong, China March 17, 2016. REUTERS/Bobby Yip Chinese billionaire Pony Ma Huateng, the founder of internet group Tencent, on F... More »
The logo of Dow Jones Industrial Average stock market index listed company JPMorgan Chase (JPM) is seen in Los Angeles, California, United States, in this October 12, 2010 file photo. REUTERS/Lucy Nicholson/File Photo JPMorgan retained its place at the top of ... More »
Models present creations at the Prada fashion show during Milan Fashion Week Spring/Summer 2017 in Milan, Italy, September 22, 2016. REUTERS/Max Rossi Retro trenchcoats, feathered cuffs and brightly colored patterns hinting at the 1960s and 70s were among the ... More »
A man walks past at an electronic board showing the Japanese yen’s exchange rate against British pound (R) and Euro outside a brokerage in Tokyo, Japan, July 6, 2016. REUTERS/Issei Kato Asian shares advanced on Monday as markets wagered the U.S. Federal Reserv... More »
The logo of Audi is pictured at the Auto China 2016 auto show in Beijing, April 25, 2016. REUTERS/Kim Kyung-Hoon Volkswagen’s (VOWG_p.DE) luxury car unit Audi has agreed to deepen collaboration with Chinese internet technology groups to offer more digital serv... More »
Student leader Nathan Law (C) celebrates on the podium after his win in the Legislative Council election in Hong Kong, China September 5, 2016. REUTERS/Bobby Yip Several pro-independence candidates won seats in Hong Kong’s legislative election which saw a reco... More »
A man (R) cleans electronic boards showing Japan’s Nikkei average, the exchange rate between the Japanese yen against the U.S. dollar and stock quotation outside a brokerage in Tokyo, Japan, in this April 6, 2016 file photo. REUTERS/Issei Kato/Files Asian shar... More »
The logo of Sands is seen on a gaming table inside a casino on the opening day of the Sheraton Macao hotel at Sands Cotai Central in Macau in this September 20, 2012 file photo. REUTERS/Tyrone Siu/File Photo Macau casino operator Sands China Ltd (1928.HK) said... More »
A woman walks past a McDonald’s outlet in Hong Kong in this July 25, 2014 file photo. REUTERS/Tyrone Siu/File Photo Private equity firms Carlyle Group (CG.O) and TPG Capital have teamed up with two separate Chinese state companies to bid for McDonald’s (MCD.N)... More »
A man walks past a screen displaying the Nikkei average outside a brokerage in Tokyo, Japan, June 24, 2016. REUTERS/Thomas Peter Most Asian share markets tumbled on Monday while the U.S. dollar added to gains made after Federal Reserve Chair Janet Yellen indic... More »
Workers from the Food and Environmental Hygiene Department kill mosquitoes outside a construction site near a residential area in Hong Kong, China August 26, 2016, after the first case of Zika was confirmed in the city. REUTERS/Bobby Yip Hong Kong’s first Zika... More »
By Marc Jones | LONDON LONDON World shares set up camp at one-year peaks on Monday as a rally in Chinese stocks helped offset news that Japan’s economic growth had ground to a halt last quarter, while oil prices extended their latest rally. Europe’s main bours... More »
By Clare Baldwin | HONG KONG HONG KONG Crypto-currency exchange Bitfinex’s plan to impose losses on all its trading clients for the theft by hackers of $72 million in Bitcoin rests on two flawed pillars, according to lawyers. The Hong Kong-based exchange said ... More »
SHANGHAI China stocks jumped to a seven-month high on Monday morning, led by property and financial shares, as investors intensified their bets that disappointing economic data for July would prod Beijing to unleash fresh stimulus. Hong Kong shares rose to a f... More »
LONDON World shares hovered close to one-year highs on Thursday as oil prices dropped for a third straight day and the latest interest rate cut in a developed market – this time New Zealand – got a lukewarm reaction from investors. The slip in crude markets le... More »
SHANGHAI China’s cinemas are showing signs of weakness, a concern for policymakers who had looked to stellar box office receipts over the last half-decade as a sign consumers were picking up some of the slack from ailing exports and manufacturing. Ticket sales... More »
LONDON/HONG KONG An HSBC and Bank of America Merrill Lynch venture and financial technology firm R3 said separately on Wednesday that they had created ways of using blockchain technology to simplify trade finance processes. The two banks said they had joined w... More »
JERUSALEM Israel’s tax authority, looking to crack down on unreported capital, said on Monday it has received a list from French authorities of more than 8,000 Israeli customers that held bank accounts at the Swiss arm of HSBC. HSBC early last year acknowledge... More »
BEIJING Didi Chuxing will buy Uber’s China business, the Chinese ride-hailing company said on its official microblog on Monday. Uber will continue to operate independently in China, and Uber’s global business will receive a 5.89 percent stake in Didi as part o... More »
SHANGHAI China stocks fell to a near one-month closing low on Monday as investor sentiment was hit by regulators’ crackdown on speculation as well as a fresh wave of initial public offerings (IPOs). The blue-chip CSI300 index .CSI300 fell 0.8 percent to 3,176.... More »
HONG KONG About one in six people in Hong Kong want the special administrative region of China to become independent of the mainland, a university poll has shown, although few think it will ever happen. According to the poll, released on Sunday, 17.4 percent s... More »
TOKYO Asian shares held near nine-month highs on Monday as assurance from policymakers on the need to boost growth quelled worries over the impact of Britain’s Brexit vote while the dollar, buoyed by solid U.S. economic data, stayed firm. Policymakers from the... More »
SAN DIEGO, Calif. When former NSA contractor-turned-whistleblower Edward Snowden met with Oscar-winning director Oliver Stone to discuss a movie on his life, he never thought he would be making his own film debut. Stone had initially interviewed Snowden to inc... More »
SYDNEY The U.S. dollar gained on the yen on Monday as investors unwound safe-haven trades in the wake of the failed coup in Turkey, while a giant takeover bid in the tech sector and the promise of central bank stimulus lent support to equities. The Turkish lir... More »
HONG KONG When activists began setting fire to trash bins and hurling bricks at police during a February riot in Hong Kong, Chris Lee became more convinced his decision to leave his siblings and mother behind and move to Taiwan was the right one. Hong Kong, lo... More »
MANILA Patrolling downtown Manila in his new Toyota, Uber driver Daniel Canezal is grumpy. It’s not from the heat, grime or traffic of the capital’s clogged streets – it’s the Philippines’ ramshackle internet service that is making his life a misery. Since sig... More »
TOKYO Asian shares came within reach of their 2016 highs on Wednesday as prospects of solid U.S. growth and accommodative economic policy in major markets whet investors’ risk appetite damaged by uncertainty from Brexit. Spreadbetters expected European shares ... More »
HONG KONG Hong Kong’s finance chief said on Sunday the government will closely watch the impact of Britain’s vote to leave the European Union on the city, which is set to affect the global economy and the territory’s trade and financial markets. “It was a big ... More »
HONG KONG Years of breakneck growth for China’s top insurers has been partly fueled by a splurge on risky investment products that could punch multi-billion-dollar holes in their balance sheets if the slowing economy triggers heavy debt defaults. Industry prem... More »
TOKYO In delaying its IPO by two years, Japanese messaging app company Line Corp bought time to correct weak financial reporting controls, work on its business plan, bolster staffing – and left billions of dollars on the table as its valuation shriveled. Line’... More »
BEIJING The Asian Infrastructure Investment Bank (AIIB) stressed its independence from China at its first annual meeting on Saturday, saying it plans to cooperate with other development banks and add new members, including Hong Kong. Chinese President Xi Jinpi... More »
LONDON Britain’s 2.2 million financial industry workers face years of uncertainty and the risk of thousands of job cuts after the country voted to quit the European Union, an upheaval that threatens London’s dominance of finance. The ‘Vote Leave’ campaign fron... More »
LONDON HSBC (HSBA.L), Europe’s largest bank, started laying off 840 information technology workers in Britain on Monday, the first big tranche of redundancies under a restructuring plan that will eliminate 8,000 British jobs by the end of next year. Most of th... More »
Ride-hailing service Didi Chuxing, Uber Technologies Inc’s main rival in China, is working toward an initial public offering in the United States that would likely take place in 2018, a person with knowledge of the plan said on Monday. The Apple Inc-backed fir... More »
HONG KONG Asian stocks slipped to two-month lows on Tuesday as weak oil prices weighed on sentiment while the dollar got a lift against its peers as the differences in policy directions between the world’s top central banks became starker. MSCI’s broadest inde... More »
VILNIUS Pussy Riot punk performer Nadya Tolokonnikova is looking for a new audience — readers and, ideally, financial backers who can turn her two-year-old news website into a full-blown contender on Russia’s media scene. She first rose to prominence by donnin... More »
TOKYO Asian shares and the dollar dropped on Monday as investors took profits from the currency’s recent gains ahead of central bank meetings in the United States and Japan this week. Financial spreadbetters expected mixed openings for European markets, with B... More »
BEIJING/DETROIT Tomorrow’s cars will be all-electric, self-driving, connected to high-speed communications networks … and free. And probably Chinese. That, at least, is the vision of Jia Yueting, a billionaire entrepreneur and one of a new breed of Chinese who... More »
HONG KONG The Hong Kong exchange has begun a Brexit impact assessment, and some Asian asset managers are looking to set up new bases in mainland Europe amid growing concerns their operations could be disrupted if Britain votes to leave the European Union in a ... More »
SHANGHAI The new boss of Hong Kong’s South China Morning Post, Jack Ma, has promised not to interfere in editorial decisions, in an apparent bid to assuage concerns about the paper’s independence under his e-commerce giant Alibaba Group Holding Ltd. Critics ha... More »
TOKYO Tumbling crude oil futures knocked Asian shares on Monday after producers’ talks failed to agree on a plan to curb the global supply glut, while Tokyo stocks skidded as investors assessed the impact of a devastating earthquake in southwestern Japan. The ... More »
LOS ANGELES (Variety.com) – Italy’s “Cinema Paradiso” director Giuseppe Tornatore has struck a deal to make a movie with China’s Alibaba Pictures Group, the film making arm of e-commerce giant Alibaba. The deal was symbolically signed by Tornatore and Zhang Qi... More »
WASHINGTON The U.S. Treasury Department inched closer on Friday toward finalizing a rule requiring banks to identify the legal owners of shell companies, a move it hopes will help prevent illegal financial activities such as money laundering. The White House’s... More »
TOKYO Asian stocks erased early losses and edged up on Monday as Chinese inflation data fanned optimism Beijing will continue with loose monetary policies, while Japanese shares slid as the dollar notched a fresh 17-month low against the yen. Financial spreadb... More »
HONG KONG The Bank of Italy is carrying out an on-site inspection at the Italian offices of Bank of China Ltd (601988.SS), a Chinese state-owned bank already facing accusations of aiding illicit money flows from Italy to China, a source familiar with the situa... More »
LONDON Britain’s Financial Conduct Authority has asked 20 banks and other financial firms to check if they have any ties to Panama law firm Mossack Fonseca, the regulator said on Thursday. A massive leak of documents from the firm released this week detailed h... More »
TOKYO Asian share prices held firm on Monday after solid U.S. payroll data underpinned investor risk sentiment while last week’s dovish comments from Federal Reserve Chair Janet Yellen kept the U.S. dollar in check. Oil prices showed signs of fatigue after las... More »
HONG KONG Chinese telecom equipment and smartphone maker ZTE Corp will announce a new management team on Tuesday, a spokesman said. ZTE’s board of directors will meet to approve the new team, and a stock exchange filing is expected on Tuesday afternoon, ZTE sp... More »
HONG KONG A Hong Kong film portraying a dystopian future under Chinese Communist Party rule won one of Asia’s top film awards on Sunday at a time when Beijing’s attempts to rein in the city’s democratic development have stoked growing political tensions. “Ten ... More »
SHANGHAI China stocks gave up early gains as a late afternoon slide in property shares wiped out initial optimism triggered by encouraging industrial profit data released over the weekend. The CSI300 index of the largest listed companies in Shanghai and Shenzh... More »
SINGAPORE/TOKYO The dollar firmed on Monday and most Asian markets surrendered early gains as investors cautiously awaited U.S. economic data and speeches by Federal Reserve officials this week that could signal more interest rate increases than expected. Euro... More »
HONG KONG U.S. Republican presidential frontrunner Donald Trump has been pilloried in many ways, over his bouffant hair, orange skin and supposedly small hands, but a British artist has now used raw pig and sheep parts to sculpt him for a Hong Kong art show. T... More »
SINGAPORE/HONG KONG Yum Brands Inc (YUM.N), owner of KFC and Pizza Hut, is in talks with private equity firms including KKR & Co LP (KKR.N) and Hopu Investments to sell a minority stake in its China operations as it prepares to spin off the once booming unit, ... More »
SYDNEY The dollar advanced for a fifth straight session on Thursday, pressuring commodities and Asian shares after yet another Federal Reserve official talked up the chance of more than one increase in U.S interest rates this year. If the dollar .DXY can keep ... More »
