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  • Sunac China shares tumble on capital increase plan

    HONG KONG -- Real estate developer Sunac China Holdings plummeted on the stock market here Friday after it announced plans for a capital increase, raising worries that the company that has actively invested in other corporations facing financial cha

    December 16, 2017 02:31 am JST
  • Hong Kong bourse to allow dual-class shares, with safeguards

    HONG KONG -- Hong Kong Exchanges and Clearing will permit the listing of companies that issue shares with different classes of voting power, the operator said Friday, opening the bourse's main market to startups and pre-revenue companies.The change,

    December 16, 2017 01:07 am JST
  • Nikkei Asia300 Index falls tracking Wall Street losses

    MUMBAI (NewsRise) -- Asian stocks outside of Japan fell Friday as uncertainty over U.S. tax reforms damped investors' risk appetite.Indian shares rallied, bucking the trend, after exit polls predicted a victory for Prime Minister Narendra Modi's Bha

    December 15, 2017 08:24 pm JST
  • Hong Kong stocks trim weekly advance as heavyweights retreat

    HONG KONG (Nikkei Markets) -- Hong Kong stocks pared their first weekly gain in three weeks on Friday, as concerns related to U.S. tax cuts dragged on heavyweights such as Tencent Holdings and HSBC Holdings.The Hang Seng Index lost 1.1% to 28,848.11

    December 15, 2017 07:42 pm JST
  • Financials lead Hong Kong lower after Wall Street retreat

    HONG KONG (Nikkei Markets) -- Hong Kong stocks fell on Friday morning after renewed concerns about the outlook for U.S. tax reform sparked losses on Wall Street overnight and as global financial companies remained under pressure after the U.S. Feder

    December 15, 2017 02:36 pm JST
  • HNA Group moves to reassure market on finances

    HONG KONG (Nikkei Markets) -- Chinese airline group-turned-conglomerate HNA Group said it has 310 billion yuan ($46.9 billion) in an unused credit line from lenders and that eight banks have assured the group of "full support" for its lending plans

    December 15, 2017 02:34 pm JST
  • Li & Fung selling struggling division for $1.1bn

    Li & Fung, the struggling Hong Kong sourcing group, is selling off its sweater, furniture and beauty products business to the founding Fung family and Chinese private equity house Hony Capital for $1.1bn.The Hong Kong-listed company, which helps ret

    December 15, 2017 11:16 am JST
  • Hitachi Capital to issue green bonds in Hong Kong

    HONG KONG -- Hitachi Capital will become the first Japanese company to issue dollar-denominated green bonds in Hong Kong on Friday, targeting investors with an environmental, social and governance focus.Hitachi Capital will issue $100 million worth

    December 15, 2017 04:33 am JST
  • Dalian Wanda denies cash crunch, says it has $30bn on hand

    HONG KONG -- Chinese conglomerate Dalian Wanda Group said it would take legal action against an online media outlet over an article that claimed the group was running out of cash amid an official crackdown on capital outflows and corporate debt.In a

    December 14, 2017 11:43 pm JST
  • Nikkei Asia300 Index gains as Fed sticks to rate hike forecasts

    MUMBAI (NewsRise) -- Asian stocks outside of Japan rose Thursday after the U.S. Federal Reserve retained its forecast of three rate increases for next year.The Nikkei Asia300 Index advanced 0.3% to 1,383.61, paced by a rally in Chinese and Hong Kong

    December 14, 2017 08:53 pm JST
  • Financial stocks push Hong Kong market lower after Fed rate increase

    HONG KONG (Nikkei Markets) -- Hong Kong stocks slipped on Thursday, with insurance companies and banking heavyweight HSBC Holdings pacing the decline as investors digested the U.S. Federal Reserve's decision overnight to lift interest rates.The Hang

    December 14, 2017 08:17 pm JST
  • US rate hike triggers Asian increases

    TOKYO -- China's central bank raised interest rates Thursday after the U.S. Federal Reserve raised rates for the third time this year overnight in a sign that the U.S. monetary policy still generally drives monetary policy in Asia.Just hours after t

    December 14, 2017 02:40 pm JST
  • Asian markets rise after Fed delivers widely expected rate increase

    HONG KONG (Nikkei Markets) -- Asian stocks rose on Thursday after the U.S. Federal Reserve raised interest rates and maintained its outlook for three additional increases next year, even as it expressed caution over low inflation.The Nikkei Asia300

    December 14, 2017 02:29 pm JST
  • Hong Kong follows US lead in monetary tightening

    TOKYO -- The Hong Kong Monetary Authority raised its policy rate by 25 basis points to 1.75% on Thursday to match an overnight interest rate increase by the U.S. Federal Reserve.The new rate applies when banks approach the overnight discount window

    December 14, 2017 12:00 pm JST
  • Hong Kong raises base rate 25 basis points after US Fed hike

    HONG KONG (Reuters) -- The Hong Kong Monetary Authority (HKMA) raised the base rate charged through its overnight discount window by 25 basis points on Thursday to 1.75 percent after the U.S Federal Reserve raised interest rates by a quarter of a pe

    December 14, 2017 10:37 am JST
  • South Korea bucks the global trend with corporate tax hikes

    SEOUL The South Korean parliament has bucked the global trend and passed a bill that will raise the corporate tax rate for the highest-earning companies to 25% from next year.The bill, which lawmakers approved on Dec. 5, will raise the tax rate from

    December 14, 2017 10:00 am JST
  • Malaysian festival puts Asian literature in the spotlight

    PENANG, Malaysia In a beautifully refurbished colonial building next to George Town's coastal thoroughfare, a tight-knit yet diverse crowd is hungry for answers. A microphone is passed around, and people rock nervously in their chairs as they wait t

    December 14, 2017 10:00 am JST
  • William Pesek

    Asia's burning question -- kill bitcoin or embrace it?

    Bitcoin is on fire in South Korea -- literally. On Dec. 8, firefighters in the eastern city of Gangneung encountered a most curious blaze: a motel basement crammed with hundreds of computer servers and overloaded electrical outlets.Local authorities

    December 14, 2017 07:00 am JST
  • ADB keeps 5.8% Asia growth outlook for 2018, hikes 2017 view

    MANILA -- The Asian Development Bank still expects economic growth in the region to slow in 2018, it said in a new report on Wednesday, but the Manila-based lender raised its forecast for the current year by one-tenth of a percentage point.In its As

    December 14, 2017 01:07 am JST
  • Nikkei Asia300 Index gains as Chinese banks rally

    MUMBAI (NewsRise) -- Asian stocks outside of Japan rose Wednesday, led by mainland lenders ahead of China's inflation data and U.S. Federal Reserve's policy decision.The Nikkei Asia300 Index advanced 0.4% to 1,379.83. China Construction Bank (CCB) r

    December 13, 2017 08:33 pm JST