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  • Peninsula Hotel operator unfazed by escalating luxury hotel competition

    HONG KONG -- The already harsh competition in Hong Kong's luxury hotel market is set to intensify with the return of the Regent Hotel and the entry of Rosewood Hotel. But The Hong Kong Shanghai Hotels, owner and operator of the territory's historic

    March 17, 2018 12:25 am JST
  • Nikkei Asia300 Index falls amid U.S. political uncertainty

    MUMBAI (NewsRise) -- Asian stocks outside of Japan fell Friday amid more U.S. political uncertainty and one more report of President Donald Trump preparing to impose tariffs on China.The Nikkei Asia300 Index declined 0.5% to 1,473.18.Concerns over U

    March 16, 2018 08:43 pm JST
  • Hong Kong shares post weekly gain with global trade in focus

    HONG KONG (Nikkei Markets) -- The Hong Kong stock market recorded its second straight weekly advance on Friday, with corporate earnings and U.S.-China trade relations grabbing attention.The Hang Seng Index ended the week 1.6% higher after it fell 0.

    March 16, 2018 07:04 pm JST
  • Hong Kong's 'superman' Li Ka-shing steps down

    HONG KONG -- Real estate tycoon Li Ka-shing will retire as chairman of CK Hutchison Holdings and CK Asset Holdings in a sign of a sea change in the Asian business world.Li, who will turn 90 in July and is known as "Hong Kong's superman," announced t

    March 16, 2018 06:38 pm JST
  • Asian corporate profit at record high, but what about low ROE?

    TOKYO -- The robust double-digit growth of corporate Asia's bottom line is undoubtedly good news, but investors may want to take it with a pinch of salt.Even though the aggregate net profit of Asia300 companies reached a record high level in 2017, o

    March 16, 2018 03:20 pm JST
  • Hong Kong shares slip as global trade war worries linger

    HONG KONG (Nikkei Markets) -- Hong Kong shares edged lower on Thursday, weighed down by weakness on Wall Street, as lingering concerns over U.S. trade policy clouded investor sentiment.The Hang Seng Index had edged 0.3% lower to 31,442.49 by the noo

    March 16, 2018 02:44 pm JST
  • Samsonite US manufacturing plan faces labor shortage

    HONG KONG -- Samsonite's plan to relocate some of its manufacturing activities to the U.S. is facing a challenge due to a shortage of skilled workers."You can get everything but you can't get people. Without people, factories won't work," chief exec

    March 16, 2018 11:57 am JST
  • Swire Pacific founding family scion to take reins

    HONG KONG -- Swire Pacific has made the unusual decision to return control of the conglomerate to the founding family, choosing one of its members as the next chairman in an effort to shore up lackluster performance at subsidiary Cathay Pacific Airw

    March 15, 2018 09:26 pm JST
  • Nikkei Asia300 Index little changed as concerns linger over US trade policies

    MUMBAI (NewsRise) -- Asian stocks outside of Japan ended little changed on Thursday as uncertainty surrounding U.S. trade polices weighed on the outlook for equities.The Nikkei Asia300 Index closed almost unchanged at 1,480.04.The losses came after

    March 15, 2018 08:49 pm JST
  • Hong Kong shares rise, but US trade-policy woes weigh on China

    HONG KONG (Nikkei Markets) -- Hong Kong shares rebounded on Thursday, helped by gains in technology and property stocks, even as concerns over a potential trade war between the U.S. and China kept investors cautious.The Hang Seng Index ended 0.3% hi

    March 15, 2018 07:33 pm JST
  • Hong Kong shares inch up as US trade-policy caution prevails

    HONG KONG (Nikkei Markets) -- Hong Kong shares edged higher on Thursday after a choppy morning session, as renewed concerns over a trade war between the U.S. and China kept investors cautious.The Hang Seng Index was up 0.1% to 31,473.14 by the noon

    March 15, 2018 02:16 pm JST
  • Puja Kapai

    Time to confront workplace sexual harassment in Asia

    The #MeToo movement against sexual harassment that kicked off in the U.S. is starting to gain momentum in Asia. Actresses in Hong Kong, a prosecutor in South Korea, a journalist in Japan and even factory workers in China have spoken out about their

    March 15, 2018 02:00 pm JST
  • Comment

    Pacific trade rules on digital data may already be outdated

    TOKYO -- When 11 countries from around the Pacific signed a sweeping free trade pact in Chile on March 8, it included rules touted as being geared for the 21st century, including those on digital trade, which will no doubt be key to economic growth

    March 15, 2018 01:00 pm JST
  • Australia's immigration debate flares up over property prices

    MELBOURNE An Australian think tank's report on housing affordability has heated up debate on population size and quality of life in a country whose large migrant intake has resulted in the fastest-growing population in the developed world.In its rep

    March 15, 2018 10:00 am JST
  • UK fund urges Japan's TBS to sell down shareholdings

    TOKYO London-based activist fund Asset Value Investors says it is pushing Japanese TV broadcaster Tokyo Broadcasting System Holdings to sell down cross-shareholdings and return the cash to shareholders.The fund plans to put forward an official propo

    March 15, 2018 10:00 am JST
  • Cathay's full-year loss doubles as margin pressure continues

    HONG KONG -- Cathay Pacific Airways continued to bleed cash last year, accumulating losses for the second year in a row due to competition putting pressure on margins as the airline goes through a three-year restructuring program. The net loss for t

    March 14, 2018 09:27 pm JST
  • Nikkei Asia300 Index falls amid reports US may impose tariffs on Chinese products

    MUMBAI (NewsRise) -- Asian stocks outside of Japan fell Wednesday amid media reports that the U.S. is looking to impose tariffs on Chinese imports.The Nikkei Asia300 Index slipped 0.4% to 1,480.14. Hong Kong-shares of China Life Insurance lost 1.1%

    March 14, 2018 08:20 pm JST
  • Hong Kong stocks pull back after four-day winning streak

    HONG KONG (Nikkei Markets) -- Hong Kong shares closed lower on Wednesday for the first time in five days, with banks pacing declines for mainland Chinese companies listed in the city and Apple suppliers losing ground on weak overnight cues.The Hang

    March 14, 2018 07:43 pm JST
  • Shares of bubble-tea retailer more than triple in HK trading debut

    HONG KONG (Nikkei Markets) -- Shares of B & S International more than tripled on their trading debut and were among the most actively traded in Hong Kong on Wednesday after an initial public offering from the food-and-beverage distributor and retail

    March 14, 2018 02:40 pm JST
  • Hong Kong shares poised to snap four-day winning streak

    HONG KONG (Nikkei Markets) -- Hong Kong shares on Wednesday headed for their first decline in five days after an overnight pullback on Wall Street, with shares of mainland Chinese companies listed in the city pacing losses.The Hang Seng Index had fa

    March 14, 2018 02:19 pm JST