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
MUMBAI/ HONG KONG, Sept 13- For years, Aberdeen Asset Management laboured in India in the shadow of HSBC's star stock-picker Sanjiv Duggal. The Aberdeen Global-Indian Equity Fund overtook the HSBC's GIF Indian Equity fund last year in the league of assets under management and the gap between the two has been widening.
NEW YORK, Sept 12- Lands' End has not authorized any production in North Korea and is investigating if any products of the Sears Holdings Corp unit were made without its knowledge in the country, its chief executive told Reuters on Thursday. U.S. companies are barred from trading with North Korea.
GENEVA, Sept 12- Sales at luxury goods group Richemont rose 9 percent in the five months through August, just shy of forecasts, with weak demand for its watches in mainland China but strong growth in Japan and the Americas. "Asia-Pacific was led by good growth in Hong Kong and Macau, offset by lower sales in mainland China," it said on Thursday.
The Chinese e-commerce company is locked in a debate with Hong Kong regulators over its shareholding structure, delaying the launch of the widely anticipated sale that may be worth more than $15 billion.
HONG KONG, Sept 12- Hong Kong's powerful property developers are locked in a price war as measures to cool one of the world's most expensive real estate markets force them to impose steep discounts to hit sales targets, with many turning to mainland China to fill the gap.
HONG KONG, Sept 12- Hong Kong shares crept higher on Thursday, lifted by Chinese banking and shipping counters as a global freight-cost index kept rising and China's premier pledged to push ahead with financial reforms. The China Enterprises Index of the top Chinese listings in Hong Kong ended flat.
Sept 12- Hong Kong and China shares crept higher early Thursday, led by Chinese financial and shipping counters as an index of freight costs kept raising in another sign the global economy is on the mend. The China Enterprises Index of the top Chinese listings in Hong Kong climbed 0.4 percent, and has soared almost 21 percent from a June 25 trough.
SINGAPORE/ HONG KONG, Sept 12- Societe Generale, France's No. 2 listed bank, is exploring the sale of its Asia private banking arm, people familiar with the matter told Reuters, seeking to exit a market where small managers are getting hit by rising costs and competition.
HONG KONG, Sept 12- Hong Kong shares may start flat on Thursday, tracking sluggish Asian markets, with focus on local property giant Sun Hung Kai interim earnings later in the day. Elsewhere in Asia at 0058 GMT, Japan's Nikkei was down 0.3 percent, while South Korea's KOSPI was flat.
Developers such as Cheung Kong Ltd, controlled by Asia's richest man Li Ka- shing, are even throwing in free car park spaces- which can be worth $100,000 or more in densely populated Hong Kong- to lure buyers at a time when quarterly transactions are at their lowest level since 1996..
BEIJING, Sept 11- Investors are confident China has put a floor under a protracted slowdown for now and will meet the government's growth target for 2013, but analysts say the trade-off is a delay in addressing imbalances in the world's second-largest economy.
Sept 11- Hong Kong shares snapped a four-day winning streak on Wednesday, as investors took profit on Apple Inc suppliers on concerns that its new "low cost" iPhone model will not be competitive in its target emerging markets. The China Enterprises Index of the top Chinese listings in Hong Kong fell 0.6 percent.
HONG KONG, Sept 11- China shares closed at their highest in more than three months on Wednesday, lifted again by the shipping sector after official media reported that a draft of the policies on the Shanghai free-trade zone may be released this week.
HONG KONG, Sept 11- China Oil& Gas Group Ltd, a joint venture partner with state-owned PetroChina, on Wednesday denied a newspaper report that one of its former executives was being investigated as part of a corruption probe.
*Shanghai trade zone policy might come this week. Sept 11- China shares climbed to three-month highs early Wednesday, as the shipping sector surged again after official media fanned hopes a draft of the policies on the Shanghai free-trade zone may be released this week.
Changing China set to shake world economy, again. BEIJING/ LONDON- Long after concerns about tightening U.S. monetary policy have faded, a more profound issue will still dog global policymakers: how to handle the second stage of China's economic revolution.
HONG KONG, Sept 11- Hong Kong shares may build on its recent uptick on Wednesday, with Chinese cyclicals likely to extend gains on solid August economic data from the world's second-largest economy. Elsewhere in Asia at 0037 GMT, Japan's Nikkei was up 0.5 percent, while South Korea's KOSPI was down 0.2 percent.
*Emerging markets have most to lose from China shift. *Manufacturing shake-up on cards as China moves up market. BEIJING/ LONDON, Sept 11- Long after concerns about tightening U.S. monetary policy have faded, a more profound issue will still dog global policymakers: how to handle the second stage of China's economic revolution.
HONG KONG, Sept 11- Apple Inc's millions of Chinese fans will celebrate the near-simultaneous launch of the latest iPhone in China and the United States, but one group will have little to cheer- the smugglers.
SHANGHAI, Sept 11- Nearly three-quarters of a century after it was hailed for helping China's Red Army survive the tortuous Long March, fiery grain liquor baijiu has fallen down the ranks, hit by a crackdown on luxury spending that has clouded its prospects.