HSBC sells stake in Ping An Insurance to Charoen Pokphand Group
HSBC’s exit from its long-time investment in Ping An Insurance – China’s No 2 life insurer – may not be a surprise to the market, but the buyer is big…
China markets drop to lowest since 2009
China’s stocks fell on Tuesday, dragging the index down for the sixth time in seven days, as liquor shares fell further on concerns demand will weaken. Markets & Investing feed…
Asian stocks retreat with commodities on US budget deadlock
Asian stocks fell, halting a rally that drove the regional benchmark index to a seven-month high, while commodities slid amid a deadlock in US budget talks. The Australian dollar climbed…
China’s faithful still waiting for reward from blue chips
After a year of waiting, the doubts in the minds of China’s equity investors have hardly been laid to rest. What’s more, they have been further befuddled by the top…
China’s dot-com darlings tap cheap global credit
Chinese search engine company Baidu Inc paid a lower interest rate than Google Inc when it sold US$ 750 million in 10-year bonds last month. China’s three dominant dot-com names…
HKEx drives on with new offering to fund LME takeover
Hong Kong Exchanges and Clearing is making its first share offering since it was listed, aiming to raise US$ 800 million following the British regulator’s approval yesterday for HKEx’s takeover…
Global demand for yuan on the rise
Beijing’s efforts to promote the yuan by developing the offshore yuan business are well supported by increasing trade settlement with the rest of the world in the currency, officials and…
Hang Seng Index breaks 22,000 on hot money surge
The Hang Seng Index crossed the 22,000-point level yesterday as market sentiment continued to strengthen amid an influx of hot money. The index rose 107.5 points, or 0.49 per cent,…
Asia shares nudge up on Obama ’fiscal cliff’ comments
Asian shares rose to a 16-month high on Thursday after US President Barack Obama said a deal to avert the so-called fiscal cliff of year-end tax hikes and spending cuts…
December 6, 2012Comments Off on Asia shares nudge up on Obama ’fiscal cliff’ commentsRead More