Category: FINANCE

HONG KONG May 29 Hong Kong stocks edged up on Monday ... stake in the supermarket chain operator to a unit of Alibaba Group Holding Ltd. Hong Kong financial markets will be closed for a holiday on Tuesday. Mainland markets will be closed again, and ... ( read original story ...)

The increase will come into effect on 5 June. The bank said it will continue to closely monitor the market situation and employ ( read original story ...)

has invited investment banks to pitch for a role in a Hong Kong IPO worth up to $10 billion, IFR reported on Monday. The IPO would take place in late 2017 or early 2018, said IFR, a Thomson Reuters publication, citing people close to the deal. China Unicom ... ( read original story ...)

HONG KONG Hong Kong's latest attempt at cooling home prices in one of the world's most expensive property markets is expected to send buyers scouring for loans in the unregulated shadow banking industry, spreading risk across the financial sector. ( read original story ...)

SkyMart in Terminal 1 has the usual swank array of luxury brands such as Prada, Jimmy Choo, Burberry and an outlet for Hong Kong's very own Shanghai Tang ... along Des Voeux Road until you get to the Hang Seng Bank, take the Mid-Levels escalator up ... ( read original story ...)

Hong Kong's Hang Seng dipped less than 0.1 percent to 25,619.42 and the Shanghai Composite index in mainland China climbed 0.3 percent higher to 3,117.47. Australia's S&P/ASX 200 lost 0.8 percent to 5,7474.80. Taiwan's benchmark fell and indexes in ... ( read original story ...)

The Nikkei 225 deducted 14.05 points, or 0.1% to 19,869.85 Hong Kong’s Hang Seng Index gained 215.25 points, or 0.9%, to 25,371.59 Japanese conglomerate Toshiba reported a 950-billion-yen net loss for the last financial year. The results were not audited. ( read original story ...)

Asian shares inched up Friday with the Shanghai Composite trading up 11 points and Hang Seng index trading 15 points higher ... Macy's fell over 17 per cent. Bank of England holds key interest rates. Crude logs strong gains. ( read original story ...)

Hong Kong on the other hand is making an attempt to resolve this ... FTSE100, Shanghai Composite, Hang Seng, DAX, TSX, Bovespa and ASX200). I see a breakout to new all-time highs and still holding. If this is the case, it’s awfully difficult to be ... ( read original story ...)

Hang Seng. H S I of Hong Kong went north by 0.8 percent to reach peak level since ... Daisuke Uno of Sumitomo Mitsui Bank said that there have been a considerable change of views. In the past, Uno said, traders and analysts believed that any slowdown ... ( read original story ...)

Hong Kong's Hang Seng was nearly unchanged. AP Markets Writer Marley Jay contributed to this story. He can be reached at http://twitter.com/MarleyJayAP His work can be found at https://apnews.com/search/marley%20jay ( read original story ...)

South Korea’s Kospi was little changed at 2,287.30. Hong Kong’s Hang Seng was virtually unchanged at 25,131.74. The Shanghai Composite slipped nearly 0.1 percent to 3,087.38. BRAZIL FACTOR: Markets are also being shaken by a deepening political crisis ... ( read original story ...)

Moody’s Investors Service’s decision to downgrade Hong Kong’s debt rating last week was based on “shallow” evidence, Hong Kong Financial Secretary Paul Chan wrote in a blog on Sunday. “The evidence on which the ratings company mechanically ... ( read original story ...)

... s debt rating based on the very close economic relationship between Hong Kong and the mainland is shallow,” Chan wrote in a blog on the official website of the financial secretary. Enhancing cooperation with the mainland cannot be considered ... ( read original story ...)