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Asia Top News and Analysis Hong Kong

  • PCCW is holding an extraordinary general meeting Wednesday in relation to a proposed $2.1 billion privatization bid. But the deal is under scrutiny amid claims that unknown parties may have tried to illegally influence the outcome of today's vote

  • Despite the dollar's two-day rally against the euro and the yen, experts tell CNBC the greenback's positive run may be over shortly, as a fast recovery in the U.S. economy seems more unlikely.

  • Every year, friends of mine head up to Hong Kong to go shopping. Not at the swanky boutiques in Central or the funky shops in Causeway Bay. Nope, they go to the warehouse outlets on the other side of Hong Kong Island. Why?

  • Hundreds of customers descended on branches of Hong Kong's Bank of East Asia on Wednesday to demand their deposits back after the bank was hit by unconfirmed rumors questioning its stability.

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    With a very minimal involvement in these games, Li Ning Co. has all of a sudden come away as a big winner, thanks to their namesake and chairman lighting the torch in Friday's Opening Ceremony.

  • Private equity group TPG plans to study Asciano's full-year results on Wednesday before deciding what to do about its A$2.9 billion ($2.7 billion) takeover approach, which the Australian port and rail operator has rebuffed.

  • Asciano, Australia's biggest port and rail operator, said on Monday it had received an unsolicited bid worth around $2.7 billion from private equity, sending its share price up as much as 17 percent.

  • Temasek Holdings

    Singapore's Temasek Holdings plans to join MBK Partners in a bid to buy a 45 per cent stake in PCCW's media and telecoms unit HKT Group Holdings, the South China Morning Post reported on Monday.

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  • HSBC

    It's been a rough year for financial counters, with banks hard hit by the fallout out of the subprime crisis and the subsequent credit crunch.  This week, we chart HSBC Holdings and use the RSI to predict trend changes.

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    Hong Kong International Airport was voted the world's best for the seventh year in a annual survey of passengers, with Asian airports dominating the top positions in the list.

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    Macau tycoon Stanley Ho's gaming flagship finally made its stock market debut on Wednesday, hovering near its offering price in early Hong Kong trade after overcoming a last-minute legal challenge.

  • French cosmetics retailer L'Occitane en Provence has chosen Hong Kong for an initial public offering to raise about $300 million later this year, two sources with direct knowledge of the deal.

  • Franshion Properties said it would a buy Chinese high-end real estate development and management firm for $1.6 billion, as it seeks to become a top tier property investor in the mainland.

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    Asia's real estate sector is starting to feel the knock-on effects of the U.S. housing downturn and a slowing global economy. Would-be property buyers in cities like Hong Kong, Singapore and Sydney are waiting in expectation that prices will fall.

  • Temporary strikes by Qantas engineers carried over into Friday, further disrupting some domestic and international flights as their union held meetings over a wage dispute. The engineers, who began their strike Thursday, are asking for a 5%  annual pay increase.

  • A power struggle at the top of Hong Kong's largest property firm intensified on Thursday after its chairman filed suit against his brothers to stop them firing him, according to the firm and court documents obtained by Reuters.

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    In Thursday’s Web Extra find out how Pete Najarian interprets recent options action in Molson Coors. Also find out which of the world's stock exchanges Karen Finerman recommends as a buy.

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    The Year of the Rat hasn't treated Hong Kong's Hang Seng Index very well. Year-to-date, the index is down over 10%. But things have been picking up of late. Month-to-date, the Hang Seng is up 9%. Is the market turning a corner?

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