Aug 2 (Reuters) - Hong Kong shares rose for a third straight session on Wednesday, as investors continued to chase mainland financials and materials firms. The Hang Seng index finished 0.2 percent higher at 27,607.38 points, while the China Enterprises ... ( read original story ...)
Hong Kong Watchmaker To Buy Japanese EV Startup GLM, AKA “Japan’s Tesla”
GLM isn’t a household name on InsideEVs, though we’ve featured GLM vehicles from time to time. The hottest GLM electric car to date is the G4, which debuted at the Paris Motor Show in October 2016. “O Luxe will acquire 85.5% of GLM’s outstanding ... ( read original story ...)
Dow Tops 22,000 as Apple Rallies; Euro Strengthens: Markets Wrap
Start your day with what's moving markets in Asia ... Australia’s S&P/ASX 200 Index fell 0.5 percent and South Korea’s Kospi index added 0.2 percent. Hong Kong’s Hang Seng Index was 0.2 percent higher, while the Shanghai Composite Index swung ... ( read original story ...)
Startup Weekend AI: Are Bots Going to Take Over the World?
At the end of September 2017 and during two weeks, Startup Weekend will flourish in more than fifteen global capitals. The list of cities is growing, including Mexico City, London, Paris, Barcelona, Seoul, Cork, and Hong Kong. This global initiative is ... ( read original story ...)
Hong Kong Stocks Cap Best Month Since January as HSBC Advances
(Bloomberg) -- Hong Kong stocks climbed, capping the biggest monthly advance since January, with Chinese investors piling into the city’s stocks amid tightening liquidity on the mainland. HSBC Holdings Plc surged to the highest since 2014 after ... ( read original story ...)
HSBC to launch US$2b share buyback today
HSBC (0005) said in a filing with the Hong Kong stock exchange that it will commence the share buyback for up to US$2 billion (HK$15.6 billion) today until no later than December 31. HSBC said Credit Suisse will act as principal in conducting the share ... ( read original story ...)
HSBC’s fresh $2bn buyback pledge affirms turnround story
HSBC has announced a $2bn share buyback in 2017 ... Mr Gulliver said that interest rates in Hong Kong were lagging behind those in the US and that he expected them to catch up in the second half of the year, generating “another great, substantial ... ( read original story ...)
Here are the big landlords among Hong Kong’s top decision makers
Another big landlord, Arthur Li Kwok-cheung, was also an Exco member in the former government and holds more than 30 pieces of property in Hong Kong, some of which belongs to a company directed by Li and his family members. Li is a remunerated director of ... ( read original story ...)
Tycoon’s move shows mainland’s space for speculation is shrinking
Billionaire Li Ka-shing, chairman of CK Hutchison Holdings Ltd and Cheung Kong Property Holdings Ltd speaks during a news conference in Hong Kong, March 22, 2017. [Photo/VCG] HONG KONG TYCOON, Li Ka-shing put his Hutchison Global Communications on sale on ... ( read original story ...)
Malaysian firm to set up shop in Cambodia
The Malaysia-based Rahim & Co International Bhd, an international property investment consultant, has announced it will expand its presence into the Asean and Asia-Pacific markets like Cambodia, Vietnam, China and Hong Kong. Tan Sri Abdul Rahim Abdul ... ( read original story ...)
Surfers Paradise and Southport likely locations for second Gold Coast casino development
Source: DBI Design A LONG-undeveloped site in Southport, the site has been clear for nearly a year and its owner, the China-based Huixin Real Estate Group, is seeking a partner to build on the property ... Company Limited and Hong Kong billionaire Tony ... ( read original story ...)
China’s trophy case could become discount rack
HONG KONG (Reuters Breakingviews ... Meanwhile, Reuters reports the property-to-cinema firm Dalian Wanda is blocked from refinancing offshore subsidiaries. In contrast, HNA Group says it remains keen on ousted White House adviser Anthony Scaramucci's ... ( read original story ...)
SJM Holdings revenue, earnings and profit all down in H1
Figures released Tuesday show the Hong Kong-listed SJM’s gaming revenue falling 2% year ... If there was a bright spot, it was SJM’s flagship property, the Casino Grand Lisboa, which saw revenue improve 7.7% to HKD 7.3b, largely on the strength of ... ( read original story ...)
Chinese financials carry baton as Hong Kong stocks near 26-month highs
HONG KONG (Nikkei Markets) -- Hong Kong shares headed toward 26-month highs on Tuesday, with Chinese insurers and banks driving gains as earnings expectations gather wind. The Hang Seng Index added 0.7% to 27,524.07 by midday, on course for its highest ... ( read original story ...)