Central office rents to decline further over woes in banking sector
Office rental in Central, the most expensive worldwide, is set to extend its biggest decline since the global credit crisis, the world’s two biggest property agents say. Leasing costs in…
Asian markets rise on upbeat China trade data
Asian markets climbed on Thursday after China released better-than-expected trade data that provide further evidence the world’s number two economy has emerged from a drawn-out slumber. The Nikkei in Japan…
Asian markets rebound, weaker yen lifts Nikkei
Asian markets mostly rose on Wednesday following recent losses despite a fall on Wall Street at the start of the US corporate earnings season. The dollar and euro also picked…
Low interest rates fuel shift into investment funds
Retail fund sales rose to a record last year, with fund managers saying the strong performance would continue in 2013 because of the low interest rate environment. Sales of investment…
Sinopec’s engineering unit files for US$1.5b Hong Kong IPO: IFR
The engineering unit of China’s Sinopec Group, Asia’s largest refiner, has filed a listing application for its planned initial public offering of about $ 1.5 billion in Hong Kong, IFR…
HKEx revamp comes with LME deal
Hong Kong Exchanges and Clearing has unveiled a new management structure following its takeover of London Metal Exchange. The exchange would also launch more yuan-denominated commodities products as it moved…
AirAsia founders to launch US$65m Tune Insurance IPO by end-Feb: sources
The founders of Malaysia’s AirAsia are expected to launch a US$ 65 million initial public offering (IPO) of Tune Insurance Bhd by the end of February, two sources close to…
Corn overtakes rice as diners continue to move to meat
The mainland produced more corn than rice for the first time on record in the 2012-13 season, as surging incomes fuelled demand for meat, prompting farmers to focus more on…
Tiny gains disappoint mainland investors
Mainland stocks yesterday failed to chalk up handsome gains on their first trading day of 2013, dampening investors’ hopes that shares would follow a rally on overseas bourses which occurred…
