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UBS Securities fined in Hong Kong
Hong Kong's securities watchdog, Securities & Futures Commission, has reprimanded and fined UBS Securities Hong Kong 1.6 million HK dollars (205,655 U.S. dollars) for regulatory breaches and internal control failings relating to position limit failures, the Commission said Tuesday in a ...
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Hong Kong hails return of the duck
Rubber Duck by Dutch conceptual artist Florentijn Hofman floats near Ocean Terminal at Hong Kong's Victoria Harbour May 2, 2013. The 16.5-meter-high inflatable sculpture, which made its first public appearance in the territory on Thursday, will be shown at the Ocean Terminal for a ...
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NYSE Euronext to reinforce the role of the capital markets as a financing source for Portuguese companies
NYSE Euronext is committed to involving the ecosystem in the development of initiatives that present the stock market as an alternative companies can and should used more and more, especially SMEs, as a means to meet their needs for growth and ...
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Hong Kong shares nudged off 3-12-month high China ekes out 5th straight gain
Tue May 21, 2013 5:00am EDT * HSI -0.5 pct, H-shares -0.9 pct, CSI300 +0.2 pct * ICBC down 2.1 pct after Goldman exit, vs 2.5 pct discount * PICC P&C slides after $938.3 million rights issue * China property up, urbanization meeting to be reportedly held by June By Clement Tan HONG KONG, May 21 (Reuters) - Hong Kong shares fell from a 3-1/2-month high on Tuesday, hurt by a series of fund raising ...
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Asia Markets Hong Kong Sydney stocks fall Tokyo ends up
HONG KONG (MarketWatch) -- Australian stocks declined, and Hong Kong equities snapped a three-day winning run on Tuesday, weighed by overnight losses on Wall Street and uncertainty over U.S. monetary ...
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Philippine pivot in the South China Sea
By Richard Javad Heydarian MANILA - After three years of inconclusive bilateral negotiations with China and a year of precarious diplomatic brinkmanship under Cambodia's chairmanship of the Association of Southeast Asian Nations (ASEAN), the Philippines has sought new ways to resolve its territorial disputes in the South China Sea. Despite earlier hopes that China's leadership ...
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Chinese analysts defend Sino-India trade imbalance
China's growing surplus in trade with India, an issue of concern to New Delhi, is difficult to resolve and is likely to widen, Chinese experts said. The trade imbalance has come up during the current India visit by Chinese Premier Li Keqiang. Trade between India and China is one of the fastest growing, although the two Asian neighbors have longstanding border disputes that resulted in a ...
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Portuguese firms to tap into Indonesias business potentials
Following in the steps of its European neighbors, dozens of Portuguese firms are visiting Indonesia to seek business partnerships and explore untapped local business opportunities. The delegation, touted to be the biggest Portuguese business mission to the country, highlighted its new interest in Indonesia, predicted to be among the world's 10th biggest economies within the next decade, ...
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Annual fishing ban on South China Sea begins today
An annual fishing ban on the northern part of the South China Sea will begin on Thursday, aiming to further protect marine resources and promote environmental awareness among ...
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Gold price opens higher in Hong Kong -- May 21
/enpproperty--> HONG KONG - The gold price in Hong Kong went up HK$320 to open at HK$12,930 per tael on Tuesday, according to the Chinese Gold and Silver Exchange Society. The price is equivalent to $1,398.67 a troy ounce, up $34.62 at the latest exchange rate of $1 against ...
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Hong Kong stocks retreat ICBC shares drop
HONG KONG (MarketWatch) -- Hong Kong stocks on Tuesday retreated after a three-day winning streak, with Industrial & Commercial Bank of China Ltd. sliding on news Goldman Sachs Group Inc. sold the remainder of its stake in the Chinese lender. The Hang Seng ...
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Macau economy punches way above its weight
Macau’s economy is set for a continued period of rapid growth over the next decade as Asia tops the charts in terms of revenue gained through gaming industries, but there is more to our little city-state than just casinos and hotels.
Macau is the Monaco of Asia. Although legally part of the Peoples Republic of China, this small little territory, just 29 kilometers squared and one of the most densely populated in the world, exists under the ‘one country, two systems’ policy of the Chinese government and therefore has its own internal legal system and political makeup. It is this which has enabled Macau, a tiny city-state with no natural resources, to develop one of the highest GDPs per capita in Asia, after Singapore. Read more
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