Galaxy Securities IPO raises HK$8.3b
The state-owned brokerage firm sold 1.57 billion shares at HK$ 5.30 per share, near the bottom of its range between HK$ 4.99 and HK$ 6.77, after investor concern over its…
BYD shares rise as electric taxis hit Hong Kong roads
BYD shares rose as much as 6.3 per cent to HK$ 35.35 before closing 3.46 per cent ahead at HK$ 34.40. The stock has gained 48 per cent so far…
A late fade on Wall Street; Wal-Mart, Disney slump
Signs of a slowing economy combined with comments from a Federal Reserve official helped pull the stock market down Thursday. The news on the US economy gave investors little to…
Investors bullish about US, Japan markets: Bloomberg poll
More than half of those contacted said the US will be among the markets offering the best returns over the next year, a 15-point jump from the last poll in…
Hedge funds shop at Supervalu, sour on Apple
Barry Rosenstein’s JANA Partners liked grocery chain Supervalu Inc in a big way in the first quarter, while Philippe Laffont’s Coatue Management lost its stomach for the company’s shares. Regulatory…
Great Eagle begins public offering of units in Langham Hospitality trust
The sale is expected to raise HK$ 3.96 billion to HK$ 4.57 billion. Great Eagle will control and own at least 51 per cent of the managers of the trust…
Bullish yuan herd leaves China fundamentals in the dust
Investors convinced China’s currency is once again a one-way bet upward should think again: signs of slowing economic growth could cut short the yuan’s rally. Investors and companies have been…
Renminbi scheme fails to stir investors
Hong Kong investors are not expected to warm to the renminbi qualified foreign institutional investors (RQFII) product as a favoured investment tool due to vague capital market regulation on the…
Asia shares buoyed by US data, dollar holds steady
Asian shares were mostly higher ON Tuesday, with the greenback holding on to its gains after better-than-expected US retail figures highlighted a steady recovery in the world’s largest economy. Tokyo…
