China aluminum capacity cuts boost market leaders, prices

Shares in state-run Aluminium Corp of China (Chalco) have surged 47 percent since the start of July, while shares in Shenzhen ... said analyst Helen Lau of Argonaut Securities in Hong Kong. Both Deutsche Bank and Wood Mackenzie see 3 million tonnes of ... ( read original story ...)

HK’s BOC Aviation to buy 10 Boeing aircraft for $1.25 billion

HONG KONG (Reuters) - BOC Aviation Ltd said on Thursday it would buy 10 new aircraft from Boeing Co for an aggregate list price of $1.25 billion, as it looks to strengthen its future revenue stream by investing in modern, efficient and in-demand aircraft. ( read original story ...)

Hong Kong Startup Is Said Close to $500 Million Valuation

Proceeds to be used for acquisitions in Asia and the U.K. TNG FinTech Group Inc., a Hong Kong-based digital wallet operator founded in 2013, is poised to close a funding round and is targeting a valuation of about $500 million, according to a person ... ( read original story ...)

Hong Kong investors are biggest spenders on UK property

In spite of gloomy predictions about the economic impact of Brexit, the UK's real estate market was the most active in Europe during the first quarter of 2017. A new report from global real estate services firm JLL reveals that UK was the world's most ... ( read original story ...)

HK-listed Co-Prosperity seeks bigger stake in Yong Tai

KUALA LUMPUR: Hong Kong-listed Co-Prosperity Holdings Ltd is increasing its shareholding in tourism and cultural property developer Yong Tai Bhd (YTB) via a private placement exercise. YTB told Bursa Malaysia that Co-Prosperity’s wholly-owned subsidiary ... ( read original story ...)

Asia markets fall after Dow cracks 22,000; Kospi down 1.9%

CapitaLand stock was down 0.8 percent. Hong Kong's CK Hutchison and Cheung Kong Property Holdings were also among the Asian companies reporting results Thursday. In foreign exchange, the U.S. currency strengthened slightly after hitting 15-month lows ... ( read original story ...)

Search engine IPO depends on Tencent for results

HONG KONG (Reuters Breakingviews) - Baidu rival Sogou is planning an initial public offering in the United States. But convincing investors to back a distant number two in China’s mobile-search market could be tricky. Sogou’s relationship with backer ... ( read original story ...)

Singapore exchange pitches for Saudi Aramco IPO

That choice pits the top global financial centers, London and New York, against each other, while Hong Kong, Tokyo, Singapore and Toronto are also on the top contender list. The initial public offering (IPO) would make the company the largest publicly ... ( read original story ...)

Atlas Air Worldwide places 3 747-400Fs with Hong Kong Air Cargo

Atlas Air Worldwide Holdings, Inc. (Nasdaq:AAWW) has announced the ACMI placement of three 747-400 freighters with Hong Kong Air Cargo Carrier Limited, a subsidiary of Hong Kong Airlines, the company said. The aircraft will be operated by Atlas Air ... ( read original story ...)