Archive for the 'Hong Kong' Category
Solid Open Expected For Hong Kong Stocks
(RTTNews) – The Hong Kong stock market has extended its winning streak to four sessions now, gathering more than 620 points or 3.2 percent en route to a fresh six-month closing high. The Hang Seng Index ended just above the 21,200-point plateau, and …
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Why Hong Kong Outshines Others as a Financial Hub
Upmarket French cosmetics retailer L’Occitane has decided to hold an initial public offering in Hong Kong in April. It is extremely unusual for a French company with no overseas production plants to list its shares on the Hong Kong bourse rather than …
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Markets little changed even as surging Chinese exports point to …
China’s moves to put the brakes on its economy, including restrictions aimed at excessive … In Japan, the Nikkei 225 stock average shed 3.73 points to 10,563.92. Hong Kong’s Hang Seng traded sideways, gaining 0.74 point to 21,208.29 while Shanghai …
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China Mobile invests $5.8B for 20 pct stake in Shanghai Pudong Bank to …
Under the agreement, China Mobile will pay 39.8 billion yuan ($5.8 billion) in cash for 20 percent of Shanghai Pudong Development Bank, the cell phone company said in a statement to the Hong Kong stock exchange. The two companies plan to work …
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Futures rise before wholesale report
Crude oil for April delivery was rising 37 cents to $81.86 a barrel and the April gold contract was gaining $4.60 to trade at $1,126.90 an ounce. The benchmark 10-year Treasury weakened 5/32, lifting the yield to 3.72%. Hong Kong’s Hang Seng was …
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China Mobile Buys 20% Stake in Pudong Development Bank
China Mobile will become Shanghai Pudong’s second-largest shareholder, according to a statement the phone carrier filed to the Hong Kong stock exchange today.
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HP files suit over Asian patent infringement
Hewlett-Packard has filed a suit against four companies based in Hong Kong and Taiwan, accusing the defendants of patent infringement, according to various reports. The suit, filed in a federal court in San Francisco, alleges the Asian companies also …
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Strong Prices Boost Confidence at Hong Kong Show
RAPAPORT… The 2010 Hong Kong International Jewellery Show ended on Tuesday with exhibitors feeling satisfied that the market could sustain the new level of polished diamond prices that has been observed recently. ‘It was a good show. Prices were …
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China Mobile buys bank stake
HONG KONG – PHONE giant China Mobile said Wednesday it will pay about US$5.8 billion (S$8.11 billion) for a 20 per cent stake in Shanghai Pudong Development Bank as part of its bid to enter the wireless banking market. Hong Kong-listed China Mobile …
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Cheated Filipino tourists receive free tours of Hong Kong
Hong Kong – A group of Filipino visitors stranded in Hong Kong as victims of a travel package hoax were Wednesday given free tours around the city. Twenty-four Filipinos, most of them civil servants, were stranded at the city’s international airport …
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