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Asia Top News and Analysis Hong Kong


  • HK Budget Airline Oasis to Stop Flying Wednesday, 9 Apr 2008 | 1:56 AM ET

    Hong Kong-based budget carrier Oasis Hong Kong Airlines is saddled with heavy losses and will halt flights, local media reported on Wednesday, while its chief executive said a news conference would be held on the matter.

  • Charting Asia | NASDAQ Chart Monday, 31 Mar 2008 | 10:13 PM ET
  • Hutchison's 2007 Net Rises 53% on Asset Sales Thursday, 27 Mar 2008 | 1:25 AM ET

    Hutchison Whampoa, billionaire Li Ka-shing's ports-to-telecoms flagship, posted a 53 percent rise in 2007 net profit on Thursday, slightly lagging  forecasts, riding a strong showing at its Canadian Husky Energy unit and a raft of asset sales.

  • Hong Kong's Red Chips Tuesday, 25 Mar 2008 | 12:02 AM ET

    Many investors see Hong Kong's China Enterprise Index, also known as the Red Chip Index, as a proxy for the Shanghai Composite Index. But the Red Chip Index has its own driving forces. This week, Charting Asia takes a look at red chips.

  • Charting Asia | China Enterprise Index Chart Monday, 24 Mar 2008 | 11:31 PM ET
    A_guppy HKCEI March 25.jpg
  • Cathay Pacific Results Strong, Guidance Gloomy Wednesday, 5 Mar 2008 | 3:38 AM ET

    Cathay Pacific Airways, Asia's No. 3 carrier, posted a forecast-beating 85 percent jump in second-half profit on Wednesday on surging passenger demand and higher ticket prices but the global credit rout has dimmed its outlook for 2008.

  • Hong Kong Posts Record Surplus, Unveils Budget Wednesday, 27 Feb 2008 | 1:14 AM ET
    HK skyline.jpg

    Hong Kong announced a record fiscal surplus in its annual budget on Wednesday, enabling Financial Secretary John Tsang to offer tax concessions and handouts, but forecast a temporary return to a fiscal deficit in 2008/09.

  • Esprit's Profit Beats Forecasts, Confident of 2008 Wednesday, 30 Jan 2008 | 7:04 PM ET

    Robust European sales and a stronger euro helped Esprit Holdings slightly beat expectations with a 37 percent rise in first-half earnings, but the world's No. 5 fashion chain faces a potential hit to global consumer spending this year.

  • HK May Bar Tycoons as Cornerstone IPO Investors Wednesday, 9 Jan 2008 | 12:41 AM ET

    Hong Kong regulators may ban the practice of tycoons buying into initial public offerings as so-called "cornerstone" investors after criticism that the practice is unfair to ordinary investors, the South China Morning Post reported on Wednesday.

  • Anson Chan Wins Symbolic Election in Hong Kong Sunday, 2 Dec 2007 | 6:55 PM ET
    Anson Chan, one of the territory's most popular political figures.

    Anson Chan, the former head of Hong Kong's civil service, has won a hotly contested and highly symbolic by-election for a seat in the city's legislature, in a vote that was widely seen as a referendum on democracy.

  • Dubai International Capital Takes Sony Stake Monday, 26 Nov 2007 | 12:23 AM ET

    International Capital, an international investment company based in Dubai, said on Monday it has made a "substantial investment" in Japanese electronics and entertainment conglomerate Sony.

  • China's Citic Securities Eyes HK Listing: FT Sunday, 25 Nov 2007 | 9:38 PM ET

    CITIC Securities, China's largest securities firm by market value, is considering listing in Hong Kong in the wake of its pioneering joint venture agreement with US investment bank Bear Stearns, the Financial Times reported on Monday.

  • China's Sinotrans Shipping Falls in HK Debut Friday, 23 Nov 2007 | 1:01 AM ET

    Shares in Sinotrans Shipping, China's No. 3 dry bulk shipper, fell as much as 5 percent in a disappointing market debut on Friday amid retreating freight rates and as caution prevailed in a volatile market.

  • Asian Stocks Close Lower on US Concerns Thursday, 22 Nov 2007 | 5:13 AM ET

    After a volatile trading session, Asian markets ended mostly lower as caution prevailed amid worries about the health of the U.S. economy -- the region's top export destination.

  • Asian Stocks Close Lower on US Worries Wednesday, 21 Nov 2007 | 7:29 PM ET
    A man uses his mobile phone in front of electronic stock boards at the Australian Securities Exchange (ASX Ltd.) headquarters in Sydney, Australia.

    Oil prices spiked to a record high just shy of $100 a barrel  lifting the shares of energy firms, but financial stocks sank Asian markets. Japan closed 2.4 percent lower whilst South Korea shed 3.5 percent.

  • Asian Stocks Close Mixed, Volatile Trading Tuesday, 20 Nov 2007 | 5:08 AM ET
    Stock investors watch stock movement at a stock exchange in Chengdu, China.

    Trading proved volatile in the afternoon Asia session Tuesday with markets see-sawing and in out of the black.  Australia and South Korea ended lower, but a late turnaround pushed Japanese stocks out of the red with the Nikkei closing 1.1 percent higher.

  • Asian Markets Close Lower on US Economic Fears Monday, 19 Nov 2007 | 5:55 AM ET

    Asian markets closed mostly lower Monday with investors selling stocks on U.S. economic concerns amid a lack of market-moving factors. Japan and South Korea both finished lower after initial gains during the morning session.

  • Asian Markets Fall on Credit Worries Friday, 16 Nov 2007 | 5:32 AM ET

    Asian markets closed sharply down Friday, amid renewed worries about the health of the U.S. economy and the effects of the credit crunch on the broader global economy. Japan, South Korea and Australia all declined.

  • Asian Markets Slide Ahead of US Data Thursday, 15 Nov 2007 | 6:44 AM ET

    Asian markets closed lower Thursday, with investors selling ahead of key U.S. October consumer inflation data due later today. Japan, South Korea and Australia all finished lower despite trading higher throughout most of the session.

  • World Bank Jacks Up East Asia Growth Forecasts Thursday, 15 Nov 2007 | 12:03 AM ET

    The World Bank on Thursday lifted its economic growth estimate for East Asia this year by a full percentage point after an unexpected strong spurt in China's growth in the first half of 2007.