Search results

Results 1 - 20 of 3297
  • Hong Kong stocks trim weekly gain on US concerns as more earnings loom

    HONG KONG (Nikkei Markets) -- Hong Kong stocks declined Friday, paring their fifth weekly gain in six weeks, as concern grew over the political challenges facing U.S. President Donald Trump's administration while investors continued to weigh local e

    August 18, 2017 08:14 pm JST
  • Related shares mixed after Alibaba's net profit nearly doubles

    HONG KONG -- Price moves were mixed for stocks associated with Alibaba Group Holding in morning trading on Friday, the day after the Chinese e-commerce giant announced better-than-expected April-June results.On the Shanghai market, shares of Shangha

    August 18, 2017 06:47 pm JST
  • Asian stocks dragged lower by US policy worries, Barcelona attack

    HONG KONG (Nikkei Markets) -- Asian stocks retreated Friday as risk sentiment was rattled by rising concerns about U.S. President Donald Trump's ability to pass economic policies and a deadly terror attack in Barcelona.The Nikkei Asia300 Index of so

    August 18, 2017 02:25 pm JST
  • MassMutual to sell Hong Kong business for $1.68bn

    HONG KONG (Reuters) -- U.S.-based insurer MassMutual said on Thursday it would sell its Hong Kong business to Yunfeng Financial Group and other Asian investors for $1.68 billion in a cash and stock deal.Yunfeng will pay MassMutual $1.01 billion in c

    August 18, 2017 05:56 am JST
  • Human rights groups rip jail terms for Hong Kong activists

    HONG KONG -- Three leaders of Hong Kong's democracy movement have been sentenced to prison in connection with massive street protests in 2014, a ruling that human rights groups call a politically motivated bid to deter further activism.Tougher sente

    August 18, 2017 03:00 am JST
  • Hong Kong's China stock benchmark to include private companies

    HONG KONG -- Hang Seng Bank's benchmark compiling unit said on Thursday that it is going to revamp the existing Hang Seng China Enterprises Index in order to make it more representative of mainland China's economy, which is increasingly led by consu

    August 18, 2017 01:15 am JST
  • Swire Pacific's China Coca-Cola business offsets Cathay loss

    HONG KONG -- Swire Pacific has expanded its Coca-Cola bottling operations to cover nearly half the number of provinces in mainland China, a move that would help the conglomerate swallow losses from its struggling aviation and maritime businesses.The

    August 17, 2017 11:15 pm JST
  • Hong Kong stocks decline as Tencent euphoria runs into valuation concerns

    HONG KONG (Nikkei Markets) -- Hong Kong shares declined Thursday as excitement over heavyweight Tencent Holdings' strong earnings growth was tempered by concern equity valuations were turning expensive.The Hang Seng Index slipped 0.2% to 27,344.22 a

    August 17, 2017 07:44 pm JST
  • China Unicom tentatively halts plan to accept private capital

    HONG KONG -- A Shanghai-listed subsidiary of China United Network Communications Group has temporarily dropped a plan to accept a capital injection, according to reports Thursday from Caixin and other Chinese media organizations.China United Network

    August 17, 2017 06:56 pm JST
  • Three young Hong Kong democracy leaders jailed for months

    HONG KONG (Reuters) -- A Hong Kong appeal court on Thursday jailed three prominent young Hong Kong democracy leaders for several months for "unlawful assembly" linked to the city's months-long pro-democracy protests in 2014.The three are 20-year-old

    August 17, 2017 06:25 pm JST
  • Hong Kong shares dither despite Tencent's post-earnings rally as caution reigns

    HONG KONG (Nikkei Markets) -- Hong Kong shares wavered on Thursday as a rally by Tencent Holdings after the heavyweight company's blowout earnings failed to enthuse investors wary over broader market valuations.Tencent jumped 3.5% toward a record hi

    August 17, 2017 02:50 pm JST
  • WH Group steps into Belle International's shoes on Hang Seng

    HONG KONG -- China's WH Group will become a Hang Seng Index component Sept. 4, replacing the recently delisted Belle International Holdings.Hang Seng Indexes Co., which computes the benchmark stock index, announced the addition of the world's larges

    August 17, 2017 12:56 am JST
  • Strong 1H profit pushes up Geely shares 150% so far this year

    HONG KONG -- Chinese carmaker Zhejiang Geely Holding Group saw the share price of its Hong Kong-listed unit rising 158.57% to 19.16 Hong Kong dollars so far this year as of Wednesday after the company reported that its revenue and profit for the fir

    August 17, 2017 12:23 am JST
  • Cathay Pacific stays the course despite huge first-half loss

    HONG KONG -- Cathay Pacific Airways posted its worst first-half loss in nearly two decades on Wednesday, but Hong Kong's flagship carrier had no plans to dramatically change its strategy in fuel-hedging or to launch its own budget carrier to fend of

    August 16, 2017 11:38 pm JST
  • Earnings in focus as Hong Kong stocks advance, paced by Tencent, developers

    HONG KONG (Nikkei Markets) -- Hong Kong shares climbed Wednesday, with investors staying focused on corporate earnings reports as tensions surrounding North Korea faded.The Hang Seng Index rose 0.9% to 27,409.07, rebounding after an afternoon-sessio

    August 16, 2017 08:07 pm JST
  • Human rights center asks US Congress to probe HNA Group

    HONG KONG -- A group of U.S.-based Chinese activists wrote an open letter on Tuesday to the U.S. Congress and the administration, urging it to probe HNA Group over concerns that the largest shareholder of the well-connected Chinese company -- a char

    August 16, 2017 05:43 pm JST
  • Chinese lenders spur Hong Kong shares while Tencent earnings awaited

    HONG KONG (Nikkei Markets) -- Hong Kong shares rose as easing geopolitical tensions lured investors back to the market ahead of a slew of key corporate earnings. Chinese lenders and internet giant Tencent Holdings paced gains.The Hang Seng Index add

    August 16, 2017 02:47 pm JST
  • China Unicom shares halted, market awaits unveiling of ownership reform

    HONG KONG (Reuters) -- Shares in China Unicom Hong Kong Ltd were halted from trade on Wednesday pending the release of a statement - a suspension that comes amid market expectations of imminent reform to the ownership structure of its state-owned pa

    August 16, 2017 01:19 pm JST
  • Volatility spikes as Hong Kong dollar continues to slide

    HONG KONG -- The Hong Kong dollar's fall to the lowest level since the global financial crisis last week has raised anxiety among currency traders who now see a higher likelihood of market intervention. A nervous market has in turn made the currency

    August 16, 2017 04:13 am JST
  • Hong Kong exchange to close trading hall

    HONG KONG -- The Hong Kong stock exchange will bid farewell to its iconic trading hall at the end of October, as electronic transactions take center stage.At its peak, more than 900 brokers crisscrossed the trading hall floor. But there is little us

    August 16, 2017 02:03 am JST