Hong Kong’s Islamic finance goal boosted by Basel III rules
Tougher international banking requirements should help the Hong Kong government achieve its goal of turning the city into an Islamic finance centre to capture a large slice of the US$…
Blackstone hits pay dirt with Hilton offering
Hotel operator Hilton Worldwide raised US$ 2.35 billion in its initial public offering on Wednesday, returning to the public markets six years after Blackstone took it private in one of…
M&A deals drop as resources lose appeal
Merger and acquisition deals in the Asia-Pacific region excluding Japan have fallen to the lowest level since 2009, due to a big slowdown in the energy and raw materials sectors.…
Japan top apps market as smartphone use catches on
Japan surpassed the United States as the top-grossing market for software applications in October as use of smartphones surged and wireless carriers started billing customers directly for downloads from Google’s…
Hedging costs on Sands China hit record
Concern that Macau gaming growth will slow sent the cost of options protecting against losses on Sands China to the highest level ever. Markets & Investing feed…
Environmental protection firm to raise HK$3.6b
China Everbright International yesterday said it would issue HK$ 3.6 billion of new shares to its controlling shareholder to raise capital for developing its business. Markets & Investing feed…
Lawmakers to hear briefing on Islamic bonds
With government officials set to brief lawmakers today on a proposed law change next year to allow the government’s bond programme to issue Islamic bonds, fund managers and brokers have…
HKEx waives fees to help brokers
Hong Kong Exchanges and Clearing will waive some terminal fees for brokers next year after fierce competition forced 14 brokerage houses to close this year. Markets & Investing feed…
Lower dim sum bond returns deter investors
Investors are becoming more cautious about buying offshore yuan bonds after the busiest month of issuances, as yields falter on dim sum bonds. Markets & Investing feed…
