Asian markets closed mixed on Wednesday following a broad commodities selloff but losses were limited as stronger-than expected U.S. factory data lent support.
Japanese stocks led Asian equities higher on Tuesday, climbing to their highest since May, with investors betting the improving U.S. recovery may be reflected in jobs data later in the week.
South Korean shares stole the limelight on the first trading day of 2011 as the KOSPI rose nearly 1 percent to end at a record closing high. But volume was thin overall with many major markets closed for a public holiday.
Multicolored starbusts and gigantic sparklers lit the midnight sky over Sydney Harbor in a dazzling fireworks show witnessed by 1.5 million enthusiastic spectators who camped out all day to ring in the new year.
Funds raised through global initial public offerings (IPOs) are expected to exceed $300 billion in 2010, a new record high, according to an Ernst & Young report released on Wednesday.
Hong Kong goldsmiths have been sold hundreds of ounces of fake gold this year in one of the most sophisticated scams to hit the Chinese territory’s gold market in decades.
Is Hong Kong building to another property bubble? Virtually everyone in the city wants to know. It’s the topic of top-level governmental discussion as well as chatter over dim sum at lunch.
Investors looking to ride on Asia's recent stock rally face a more dangerous entry point in the near term, said Ajay Kapur, head of equity strategy, Asia at Deutsche Bank on CNBC Friday.
The Fed's stimulative measures are good for stock markets, especially in Hong Kong as it is seen as the gateway to investing in China, said Peter Lai, director at DBS Vickers Securities.
The Hong Kong property market has seen a spectacular rebound since the global financial crisis. Real estate prices in the territory have risen 50 percent since the end of 2008. But many are warning that the increase is unsustainable.
A strong rebound from the global recession and the elimination of wine-import taxes is driving the boom. “It’s unstoppable," says one local wine consultant.
When it comes to visibility and influence, Goldman Sachs is as noticeable on Pennsylvania Avenue as it is on Wall Street. But that may be changing, as a result of the firm's recent legal and public relations problems.
A report by the Environmental Protection Agency describes the contents of all the garbage produced in a single year. According to the 2008 report, approximately 250 million tons of municipal solid waste is created, which excludes hazardous waste, industrial waste, and construction waste.
The latest garbage gauge is pointing to a slow but steady recovery that should see trash volumes turn positive this quarter or next for the first time since 2008. That should propel profits of trash haulers who’ve been able to maintain pricing power through the recession thanks to long-term, customer-specific contracts.
The private equity group made its first significant investment in the booming Chinese housing market after agreeing to a deal with one of Hong Kong’s largest property. The FT reports.
The notion that it is a victimless crime is patently false. Counterfeit products victimize almost everyone they encounter, from the assembly line to the cash register.
Asian stock markets were mostly lower on Tuesday, as the Shanghai Composite Index's sharp slide weighed on sentiment but the declines were capped by Alcoa's stronger-than-expected quarterly profit reported after the close of U.S. trade.
Most Asian markets chalked up modest gains Monday, after Wall Street closed out its best week in a year on Friday.
Counterfeiting is a multi-billion dollar business infiltrating the United States borders at an alarming rate. Watches, handbags, footwear and even medicines are among the top products making up more than $261 million worth of counterfeit products seized at US ports in 2009. And it's a growing problem.
Asian stocks trekked higher on Friday after a fall in U.S. jobless claims and solid sales reports by large retailers lifted Wall Street for a third straight day.