Date
17 January 2017

Markets

  • Although home prices have surged to record highs, property stocks in Hong Kong largely trade at a deep discount to net asset value. Photo: HKEJ

    HK equities: Avoid buying in a rangebound market

    - Jan 17, 2017 4:34pm
    Financial markets will be keeping a close eye on developments in the United States and the United Kingdom in the coming days. In the US, Donald Trump will be sworn in as the nation’s 45th President...
  • The People's Bank of China has stepped up supervision on bitcoin exchanges amid concerns over illegal activities. Photo: Bloomberg

    PBoC conducts spot inspections of bitcoin exchanges

    Jan 12, 2017 8:29am
    Chinese authorities carried out inspections of bitcoin exchanges in the country amid concerns over possible market manipulation, money laundering, unauthorized financing, currency conversion and other activities. The Shanghai and Beijing branches of the People’s Bank of...
  • A recovering stock market is said to be prompting Chinese authorities to consider easing up on stock-index futures trading, Photo; Bloomberg

    China may ease curbs on stock-index futures: report

    Jan 10, 2017 8:50am
    China may ease curbs on trading in stock-index futures after clamping down on the financial product earlier following a stock-market crash in the summer of 2015, according to the Wall Street Journal. The measures being considered include...
  • Chinese liquor makers, auto firms and retailers could see their pricing power improve in an inflationary environment, leading to better profit margins. Photo: China Daily

    Sectors to keep an eye on in China markets

    - Jan 9, 2017 4:46pm
    A shortage of quality assets and the entry of new players in the form of Chinese insurance firms and pension funds could provide support for the mainland’s A–share markets this year. That said, the upside may...
  • Under the deal being discussed, Actelion's R&D pipeline would be placed in a new publicly traded company. Photo: Reuters

    J&J discussing breaking up Actelion in an acquisition

    Dec 30, 2016 8:54am
    Johnson & Johnson is negotiating a deal to acquire Swiss biotechnology company Actelion Ltd. that would separate its commercialized portfolio from its research and development assets, Reuters reports, citing people familiar with the matter. The deal...
  • Japanese workers can look forward to an early finish on the last Friday of each month, if plans don't miscarry. Photo: Japan Times

    Japan wants employers to give workers a break

    Dec 30, 2016 8:43am
    Japan, which the coined the word “karoshi,” or death by overwork, wants companies to let workers finish early on the last Friday of every month, go out and have fun, Bloomberg reports. In an effort to...
  • Tightened controls have made it harder for underground money houses in China to wire money to offshore accounts in Hong Kong. Photo: HKEJ

    The link between RMB devaluation and a HK$4 million robbery

    - Dec 29, 2016 11:24am
    Just before Christmas, four men believed to be of South Asian ethnicity ambushed a Fujian-born traveler right outside the MTR Lok Ma Chau Station at the border. The suspects, who were wearing caps, took away his backpack...
  • Singapore's econmy relies on shipping and oil service firms. It is a bellwether for the larger ASEAN and Asian region. Photo: CNN

    Singapore defaults seen as sign of 2017 Asia distress

    Dec 29, 2016 8:12am
    Singapore’s commodities-related defaults could be a harbinger of deepening Asian financial troubles. Despite a modest rebound in resource prices, restructuring specialists including KPMG and Hogan Lovells Lee & Lee see more Asia-Pacific commodities and shipping companies...
  • Asahi Group Holdings this month beat China Resources and other rivals to buy Anheuser-Busch InBev's eastern European beer brands for 7.3 billion euros (US$7.6 billion). Photo: Reuters

    Japan Inc could claim edge in overseas deals over China

    Dec 28, 2016 8:01am
    Japan Inc. may become a more important force in dealmaking next year as its cashed-up companies seek to buy growth prospects elsewhere in the world and as Beijing’s crackdown on capital outflows prevents some Chinese companies...
  • The IPO is expected to value iQiyi at between US$4 billion and US$5 billion. Baidu is considering listing the unit in Hong Kong or the US next year. Photo: AP

    Baidu eyes US$1 bln IPO for video-streaming unit

    Dec 23, 2016 8:27am
    Chinese internet giant Baidu Inc. is planning an initial public offering of its video-streaming site iQiyi.com that could value the unit at up to US$5 billion, the Wall Street Journal reports, citing people familiar with the...
  • The Dow Jones industrial average ended just 25 points shy of 20,000, a level it has never breached. Photo: Reuters

    Wall Street hits record highs on Trump optimism

    Dec 21, 2016 8:36am
    The Dow and Nasdaq Composite rose to record highs in a rally fueled by optimism about US President-elect Donald Trump’s policies. The Dow Jones industrial average on Tuesday ended just 25 points shy of 20,000, a...
  • Exxon Mobil's Rex Tillerson has never worked for the government but as the chief executive of the biggest oil company, he has plenty of experience dealing with politicians and businessmen around the world. Photo: Reuters

    Why Trump is tapping the business elite for his team

    - Dec 16, 2016 1:17pm
    US President-elect Donald Trump has appointed Exxon Mobil chief executive Rex Tillerson as secretary of state. The 64-year-old Tillerson joined the oil company after graduating from university and became its CEO in 2006. Trump hailed Tillerson...
  • The Philippines accounts for 12.6 percent of the global market for business-process outsourcing. Photo: Internet

    Philippines outsourcing firms hit by Trump and ‘Trump East’

    Dec 9, 2016 9:44am
    When the Philippines’ President Rodrigo Duterte, the man dubbed “Trump of the East”, told US businesses to pack their bags if they didn’t like his anti-American rhetoric, the huge and growing outsourcing industry got a little...
  • Bon appétit! Food Wise Holdings, operator of the Viet's Choice restaurant chain, saw its share price go up six times in six days until Thursday. Photo: Openrice.com

    Tiny restaurant stock gives investors more than their fill

    - Dec 8, 2016 6:05pm
    How long can a newly listed stock keep rising more than 40 percent each day? Food Wise Holdings Ltd. (01632.HK), which began trading on the main board on Tuesday last week, saw its share price go...
  • Fred Hu, chairman of Primavera Capital Group, said investors are adopting a wait-and-see attitude following Donald Trump's election. Photo: Bloomberg

    China pausing on US deals, ex-Goldman rainmaker says

    Dec 7, 2016 9:23am
    Chinese firms are holding off investments in the United States and other overseas markets as they try to figure out the ramifications of a Donald Trump presidency and possible government curbs on overseas acquisitions, according to Fred...
  • Guests attend the launch of the Shenzhen Connect at the Hong Kong Exchanges and Clearing on Monday. Photo: Reuters

    Shenzhen-Hong Kong trading link gets off to slow start

    Dec 6, 2016 8:59am
    Investors gave a muted response to Monday’s launch of the much-awaited Shenzhen-Hong Kong Connect stock trading link. Chinese investors poured 850 million yuan (US$123.4 million), representing only 8 percent of the daily quota, into Hong Kong...
  • Tim Edwards of S&P Dow Jones Indices said investors may face more risks next year. Photo: EJ Insight

    Investors should diversify their portfolios in Trump era

    - Dec 5, 2016 6:01am
    Investors are advised to diversify their portfolios as the change of administration and inflationary pressures in the United States will add to uncertainties in the markets, according to S&P Dow Jones Indices. “The so-called Trump inflation has...
  • Exporters, property firms and herbal medicine plays are some of the Shenzhen stocks that might receive much attention as the Shenzhen-Hong Kong Stock Connect launches on Dec. 5. Photo: China.com

    What sort of Shenzhen shares should investors target?

    - Nov 29, 2016 10:20am
    The long-awaited Shenzhen-Hong Kong Stock Connect will be launched on Dec. 5. But for investors looking to invest in Shenzhen shares, they should perhaps begin by asking: What sort of companies would gain from the yuan’s...
  • Traders work on the floor of the New York Stock Exchange. US stocks have reached record highs. Photo: Reuters

    Trump’s victory changes global financial markets

    - Nov 25, 2016 4:08pm
    The global investment environment has changed dramatically only two weeks after the Nov. 8 presidential election in the United States. Donald Trump’s policy direction has become a hot topic, and expectations have reached a peak even...
  • US dollar strength, amid expectations of a Fed rate hike, has led to fund outflow from emerging markets recently. Photo: CNSA

    Will emerging markets face another financial turmoil?

    - Nov 24, 2016 5:00pm
    Bond yields and US dollar have both seen sharp gains since Donald Trump won the US presidential election earlier this month. There are worries that emerging markets may witness fresh financial turmoil, like what we saw...

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