Hong Kong’s stock market opened lower on Thursday after rallying ... The overseas markets are moving on results so they are not very indicative,” said Alex Wong, a director at Ample Finance Group. “The market has been very strong for the past few ... ( 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 ...)
HK’s BOC Aviation to buy 10 Boeing aircraft for US$1.25 billion
REUTERS/Pascal Rossignol HONG KONG: BOC Aviation Ltd said on Thursday it would buy 10 new aircraft from Boeing Co for an aggregate list price of US$1.25 billion, as it looks to strengthen its future revenue stream by investing in modern, efficient and in ... ( 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 ...)
Hong Kong stocks rally for third day to 26-month high on strong earnings expectations and Apple boost
Hong Kong stocks advanced for a third day running on Wednesday, as strong earnings expectations pushed up a bunch of large cap blue-chip stocks, including CK Hutchison Holdings, the conglomerate owned by Hong Kong’s richest man Li Ka-Shing. The Hang Seng ... ( 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 ...)
Hong Kong stocks power to 26-month high; turnover tops HK$100bn for first time in two months
Hong Kong stocks powered ahead on the first trading day of August ... “differentiated regulations”, suggesting it may give industry players with better financial positions more room to try out new products. Ping An Insurance, China’s second-largest ... ( read original story ...)
China H Shares Rise to 23-Month High as Financial Stocks Advance
Chinese shares traded in Hong Kong closed at the highest level since August 2015 as insurers and brokerages advanced, while energy companies extended Monday’s rally. The Hang Seng China Enterprises Index climbed 1.8 percent. Financial stocks accounted ... ( read original story ...)
Hong Kong stocks gain for 3rd day on strength in financials, materials
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 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 ...)
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 ...)