News Topic - Hong Kong
Articles 11 - 20 of most recent articles
Indonesia's central bank hikes interest rate quarter-point
HONG KONG (MarketWatch) -- Indonesia's central bank lifted its benchmark rate 0.25 percentage point Thursday, bringing its base lending rate to 9.25%, noting it sees inflation at an elevated level for the rest of the year.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – Sep 4, 2008 06:45 AM [GMT] ¦ comment?
found in Business: Markets
HONG KONG (MarketWatch) -- Indonesia's central bank lifted its benchmark rate 0.25 percentage point Thursday, bringing its base lending rate to 9.25%, noting it sees inflation at an elevated level for the rest of the year.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – Sep 4, 2008 06:45 AM [GMT] ¦ comment?
found in Business: Markets
Japanese game makers Koei, Tecmo in merger talks : report
HONG KONG (MarketWatch) -- Japanese game-software developers Koei Co. and Tecmo Co. have agreed to start talks with an eye on a merger, the Nikkei business daily reported Thursday, citing sources familiar with the matter. The report follows after another software-game developer, Square Enix Co. , submitted a tender offer earlier this month to buy Tecmo in a deal valued at a minimum of $102 million. The Nikkei report said Tecmo is expected to reject Square Enix's proposal.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – Sep 4, 2008 06:22 AM [GMT] ¦ comment?
found in Business: Markets
HONG KONG (MarketWatch) -- Japanese game-software developers Koei Co. and Tecmo Co. have agreed to start talks with an eye on a merger, the Nikkei business daily reported Thursday, citing sources familiar with the matter. The report follows after another software-game developer, Square Enix Co. , submitted a tender offer earlier this month to buy Tecmo in a deal valued at a minimum of $102 million. The Nikkei report said Tecmo is expected to reject Square Enix's proposal.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – Sep 4, 2008 06:22 AM [GMT] ¦ comment?
found in Business: Markets
Microsoft to be among 13 investors in NHK satellite channel
HONG KONG (MarketWatch) -- Microsoft will join a dozen companies taking stakes in a 24-hour English-language satellite channel under development by Japanese broadcaster NHK which is due to launch in February. NHK will issue 190 million yen ($1.8 million) in new shares through private placements with the 13 investors, the Nikkei newspaper said Thursday, without citing sources. After the new shares are issued, NHK's share in the venture will fall to 60%. The Nikkei said the 13 investors, which include Nippon Television Network Corp. , and Tokyo Broadcasting System Inc. , are expected to each invest between 10 million to 20 million yen. The channel is also expected to be streamed online. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – Sep 4, 2008 04:28 AM [GMT] ¦ comment?
found in Business: Markets
HONG KONG (MarketWatch) -- Microsoft will join a dozen companies taking stakes in a 24-hour English-language satellite channel under development by Japanese broadcaster NHK which is due to launch in February. NHK will issue 190 million yen ($1.8 million) in new shares through private placements with the 13 investors, the Nikkei newspaper said Thursday, without citing sources. After the new shares are issued, NHK's share in the venture will fall to 60%. The Nikkei said the 13 investors, which include Nippon Television Network Corp. , and Tokyo Broadcasting System Inc. , are expected to each invest between 10 million to 20 million yen. The channel is also expected to be streamed online. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – Sep 4, 2008 04:28 AM [GMT] ¦ comment?
found in Business: Markets
Citi initiates Hang Seng Bank at "sell", sets target HK$135
HONG KONG (MarketWatch) -- Citi initiated coverage of Hang Seng Bank Thursday with a "sell" rating, advising that the slowing Hong Kong economy and weakening lending to the property market as well as weaker lending to businesses will erode the bank's outlook. "We believe its premium valuation will come under pressure given the sharp slowdown in earnings growth," wrote Citi analysts in a research note. Citi set a price target of HK$135 a share, or about 11.7% below their closing price on Sept. 2.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – Sep 4, 2008 03:45 AM [GMT] ¦ comment?
found in Business: Markets
HONG KONG (MarketWatch) -- Citi initiated coverage of Hang Seng Bank Thursday with a "sell" rating, advising that the slowing Hong Kong economy and weakening lending to the property market as well as weaker lending to businesses will erode the bank's outlook. "We believe its premium valuation will come under pressure given the sharp slowdown in earnings growth," wrote Citi analysts in a research note. Citi set a price target of HK$135 a share, or about 11.7% below their closing price on Sept. 2.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – Sep 4, 2008 03:45 AM [GMT] ¦ comment?
found in Business: Markets
Technology stocks drag on Asia markets in early trading
HONG KONG (MarketWatch) -- Asian markets fell early Thursday, with companies such as Advantest Corp. and Hynix Semiconductor declining after technology shares dropped overnight in the U.S. The Nikkei 225 Average lost 0.8% to 12,587.60 and the broader Topix index fell 0.9% to 1,209.38. South Korea's Kospi gave up 1.1% to 1,412.14 and Australia's S&P/ASX 200 slipped 0.1% to 5,057.20. New Zealand's NZX 50 index inched up 0.1% to 3,375.70.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – Sep 4, 2008 12:29 AM [GMT] ¦ comment?
found in Business: Markets
HONG KONG (MarketWatch) -- Asian markets fell early Thursday, with companies such as Advantest Corp. and Hynix Semiconductor declining after technology shares dropped overnight in the U.S. The Nikkei 225 Average lost 0.8% to 12,587.60 and the broader Topix index fell 0.9% to 1,209.38. South Korea's Kospi gave up 1.1% to 1,412.14 and Australia's S&P/ASX 200 slipped 0.1% to 5,057.20. New Zealand's NZX 50 index inched up 0.1% to 3,375.70.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – Sep 4, 2008 12:29 AM [GMT] ¦ comment?
found in Business: Markets
Chan not upset about Olympic role
HONG KONG - Action movie star Jackie Chan said Wednesday he was not upset about his small role in the Beijing Olympics' opening and closing ceremonies because he was happy to play any part in promoting the games.
Canoe.ca – Sep 3, 2008 3:09 PM [GMT] ¦ comment?
found in Entertainment: Movies
HONG KONG - Action movie star Jackie Chan said Wednesday he was not upset about his small role in the Beijing Olympics' opening and closing ceremonies because he was happy to play any part in promoting the games.
Canoe.ca – Sep 3, 2008 3:09 PM [GMT] ¦ comment?
found in Entertainment: Movies
Election Could Sway Hong Kong's Future
Hong Kong's legislative election could have broad implications for the democratic future of the Chinese special administrative region, as well as for its deepening ties with Beijing.
Wall Street Journal – Sep 3, 2008 12:41 PM [GMT] ¦ comment?
found in World
Hong Kong's legislative election could have broad implications for the democratic future of the Chinese special administrative region, as well as for its deepening ties with Beijing.
Wall Street Journal – Sep 3, 2008 12:41 PM [GMT] ¦ comment?
found in World
Higher coal prices, output lift Hidili first-half profit
HONG KONG (MarketWatch) -- Chinese coal producer Hidili Industry International Development Ltd. reported Wednesday its first-half net profit more than tripled from a year earlier owing to sharp rises in coal prices and higher output.
MarketWatch.com – Sep 3, 2008 11:47 AM [GMT] ¦ comment?
found in Business
HONG KONG (MarketWatch) -- Chinese coal producer Hidili Industry International Development Ltd. reported Wednesday its first-half net profit more than tripled from a year earlier owing to sharp rises in coal prices and higher output.
MarketWatch.com – Sep 3, 2008 11:47 AM [GMT] ¦ comment?
found in Business
China Resources underlying first-half profit up 17%
HONG KONG (MarketWatch) -- Consumer-retail conglomerate China Resources Enterprise Ltd. said Wednesday its underlying profit climbed 17% from a year earlier, although headline net profit was down sharply owing to a large one-off gain a year ago.
MarketWatch.com – Sep 3, 2008 09:45 AM [GMT] ¦ comment?
found in Business
HONG KONG (MarketWatch) -- Consumer-retail conglomerate China Resources Enterprise Ltd. said Wednesday its underlying profit climbed 17% from a year earlier, although headline net profit was down sharply owing to a large one-off gain a year ago.
MarketWatch.com – Sep 3, 2008 09:45 AM [GMT] ¦ comment?
found in Business
Coca-Cola offers to buy Huiyuan in $2.5B deal
HONG KONG (AP) -- The Coca-Cola Co., the world's biggest beverage company, moved to expand its operations in the fast-growing Chinese market Wednesday with a $2.5 billion bid for major juicemaker China Huiyuan Juice Group Ltd....
AP – Sep 3, 2008 08:33 AM [GMT] ¦ comment?
found in Business
HONG KONG (AP) -- The Coca-Cola Co., the world's biggest beverage company, moved to expand its operations in the fast-growing Chinese market Wednesday with a $2.5 billion bid for major juicemaker China Huiyuan Juice Group Ltd....
AP – Sep 3, 2008 08:33 AM [GMT] ¦ comment?
found in Business