Asian shares were unable to hold onto gains on Wednesday, as investors stayed risk averse due to weak corporate earnings results worldwide and enduring worries over economic slowdown.
Asian shares were lackluster on Tuesday with the corporate reporting season getting underway in the region, as investors stayed cautious after global shares faltered overnight on weak earning reports and outlook.
Asian shares ended mixed on Monday as some regional indexes recovered from earlier losses whilst others were weighed down by dented risk sentiment from lackluster U.S. earnings and a bigger-than-expected fall in Japanese exports.
Richard Li has won the race to buy the Hong Kong and Thailand operations of ING’s insurance business for more than $2 billion, according to people close to the process, leaving the Dutch group with just its Korean and Japanese operations to sell in Asia. The FT reports.
Du Jinsong, Head of Asia Property Research, Credit Suisse says the central government in China has been clamping down on the property sector but this is not the case at the local level. He gives his top pick for the real estate market.
Anthony Scaramucci, Managing Partner, SkyBridge Capital thinks Singapore will be known as one of the central arteries of the global financial system in 25 years. He adds there will be a migration of private banking into this area.
Tony Pownall, General Manager, Hudson Hong Kong discusses employment trends in Asia. He explains why job seekers globally focus on Hong Kong's financial services, particularly on productivity, despite the sector's low hiring intentions.
Francis Lun, Managing Director at Lyncean Holdings says Hong Kong's IPO market is in a deep recession, hurt by a slump in China and the euro zone. He adds the market's recovery will be slow.
The move by Bank of America and Nomura to shed large numbers of jobs is just scratching the surface of a redundancy wave that is set to hit the banking sector, Simon Maughan, financials sector strategist at Olivetree Financial Group, told CNBC on Friday.
We're not talking about the Persian Gulf. It's the South China Sea where China and Vietnam are on a collision course that could result in higher commodity prices and far worse.
Just as the rag tag tents and moldy sofas of the 10-month-old Occupy Hong Kong movement at the HSBC building in Hong Kong are being moved out, a new sit-in erupted in past days – the Occupy Tamar protest involving around 8,000 people surrounding Government Offices in Central has gone into its 6th day.
Penguins are some of the newest inhabitants of Hong Kong's Ocean Park as part of the marine park's efforts in scaling up the world ranks of theme parks. Tom Mehrmann, CEO, Ocean Park discusses the details of this multi-million dollar revamp.
Malaysia is marking itself out as the IPO destination to beat this year with a string of billion-dollar-plus deals. Impressive, for sure, but don’t take the booming IPO market as a sign that Malaysia is poised to become a regional financial hub, experts say.
Shares of Shanghai-listed Citic Securities, China’s largest brokerage firm, fell by 9.1 percent on Monday after rumors the company had suffered a large 2.9 billion yuan ($460 million) loss on overseas trading. But a spokesperson for the company denied the rumors.
Ritesh Maheshwari, MD, Financial Services Ratings for Asia-Pacific, Standard & Poor's discusses how Asia Pacific banks are expanding their presence in the region.
London Metal Exchange shareholders voted on Wednesday to accept the $2.2 billion takeover offer by Hong Kong Exchanges and Clearing (HKEx), which will give the commodities trading platform further access to China, but one analyst says the deal is “a potential disaster” for the Hong Kong Exchange.
This may not be the best time to look for a job, but in China employment prospects seem bright with multinational corporations (MNCs) looking to increase staff even as the global economic uncertainty forces firms across Asia to hold back, says a survey published Tuesday.
Last year, the Honduran Congress passed a constitutional amendment allowing for the creation of special development regions. In theory, they would function as semi-autonomous city-states with their own governing charters and a degree of foreign oversight, the global Post reports.
Hong Kong’s residential property market, which has seen dramatic price gains over the past decade because supply has not kept up with demand, is set for a slowdown as the new administration comes good on its pledge to increase land supply for housing, says an industry expert.
Dickie Wong, Executive Director, Kingston Securities thinks the money laundering case against HSBC will place short term pressure on its share price, but he says the stock has room to pull back. He sees a settlement of the case as soon as the end of this month.