Charles Li, CEO of Hong Kong Exchanges and Clearing, and Magnus Bocker, CEO of the Singapore Exchange, discuss their collaboration to promote the internationalization of the renminbi.» Read More
HONG KONG, Sept 16- Hong Kong shares climbed to their highest in 17 weeks on Monday, as investors cheered Lawrence Summers' withdrawal as a candidate to head the Federal Reserve and Macau election results made its gambling sector a standout performer. The Hang Seng Index ended up 1.5 percent at 23,252.4 points, its highest since May 22.
HONG KONG, Sept 16- China shares posted a second-straight daily loss on Monday, as investors kept rotating out of the financial counters that led a strong rally in previous weeks. The CSI300 of the leading Shanghai and Shenzhen A-share listings ended down 0.4 percent at 2,478.4 points.
Cyclicals lift Hong Kong on relief from Summers' Fed withdrawal. HONG KONG, Sept 16- Hong Kong shares soared to their highest in 17 weeks early Monday, buoyed by Lawrence Summers' withdrawal as a candidate to head the Federal Reserve and by Macau election results that made its gambling sector a standout performer.
HONG KONG, Sept 16- China's yuan edged up slightly against the dollar on Monday after the central bank set a record high midpoint to reflect an overnight decline of the U.S. dollar, boosting expectations that the currency may gain for the third consecutive month.
HONG KONG, Sept 16- Hong Kong shares could start the week stronger on Monday, taking their cue from gains in regional stock markets after Lawrence Summers dropped out from the race to head the U.S. Around 0051 GMT, South Korea's KOSPI was up 1 percent and Australia's S&P/ASX index added 0.7 percent.
SHANGHAI/ BEIJING, Sept 16- Faced with a chorus of warnings that China risks choking on bad debts, Beijing is pushing banks to raise private capital in an effort to head off the need for a second government bailout in as many decades.
SYDNEY/ HONG KONG, Sept 16- Asia's new mega-casinos are driving sales and innovation in advanced surveillance technology, from chips with built-in radio transmitters to high-definition, multi-lens, digital cameras that can scan huge gaming floors and catch the deftest sleight of hand.
PANAMA CITY, Sept 13- Panama's economy grew by 7.6 percent in the second quarter, led by stronger activity in transport and communications and brisk business in the construction and mining sectors, the government statistics agency said on Friday.
WASHINGTON, Sept 13- Twitter's use of a confidential initial public offering filing has reignited a debate about a 2012 U.S. law that critics say denies investors time to digest a company's financial information and erodes the widely-held value of market transparency.
After last Friday's weaker-than-expected U.S. non-farm payrolls data, many traders and analysts expect the central bank to announce a modest $10 billion reduction to its $85 billion monthly bond-buying program. The tapering is not being viewed as negatively as it was in the recent past, "said Alvise Marino, currency strategist at Credit Suisse in New York.
After last Friday's weaker-than-expected U.S. non-farm payrolls data, many traders and analysts expect the central bank to announce a modest $10 billion reduction to its $85 billion monthly bond-buying program.
NEW YORK, Sept 13- The dollar fell on Friday against the euro and yen, reversing earlier gains, after U.S. retail sales rose less than expected in August in the latest sign that economic growth slowed in the third quarter. The White House said U.S.
LONDON, Sept 13- Gold fell to a five-week low on Friday, heading for its worst week in two months on prospects the United States would curb its stimulus soon and as fears of a U.S.-led military attack on Syria recede.
Sept 13- Hong Kong shares slipped for a second day, as Chinese coal and other material counters extended losses after Beijing unveiled major measures to tackle air pollution that involve slashing coal consumption. The China Enterprises Index of the top Chinese listings in Hong Kong sank 0.9 percent, but climbed 2 percent this week.
President Barack Obama was set to name former Treasury Secretary Lawrence Summers as the next chairman of the Federal Reserve. Japanese business daily Nikkei, citing sources, reported that the White House was expected to announce the decision as early as next week, after the Fed's Sept. 17-18 policy meeting.
*China indexes set for biggest weekly gain since February. *China coal counters extend losses on lower coal prices. Sept 13- Hong Kong and China shares fell on Friday, led by Chinese cyclical counters from banks to materials as investors booked profits after robust gains earlier in the week.
SINGAPORE, Sept 13- The dollar inched up versus a basket of currencies on Friday but was still lower for the week, having been dented by growing doubts that the Federal Reserve will scale back monetary stimulus in any significant manner next week. The dollar rose to as high as 99.85 yen earlier on Friday, up from Thursday's intraday low of 99.00 yen.
HONG KONG, Sept 12- Hong Kong shares may end the week on a subdued note on Friday as major indexes and Chinese cyclical counters approach technically overbought levels following recent robust gains, while investors also remain wary ahead of next week's Federal Reserve decision on its stimulus programme.
"I knew that my actions were wrong in violation of the law," Martin said in U.S. District Court in New York. Last November, the U.S. Justice Department and the U.S. Securities and Exchange Commission charged two former stockbrokers, Thomas Conradt and David Weishaus, for their role in the scheme.
*Scepticism remains over Communist Party's commitment to crackdown. President Xi Jinping launched the anti-corruption campaign after becoming Communist Party chief in November. His power far exceeds this, said Cheng Li, a fellow at the Brookings Institution in Washington and an expert on Chinese politics.