DailyFinance http://www.dailyfinance.com DailyFinance http://www.blogsmithmedia.com/http://www.dailyfinance.com/media/feedlogo.gif DailyFinance http://www.dailyfinance.com en-us Copyright 2009 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/Chinese energy producers soar after record snows, Asian banks diphttp://www.dailyfinance.com/2009/11/19/chinese-energy-producers-soar-after-record-snows-asian-banks-di/http://www.dailyfinance.com/2009/11/19/chinese-energy-producers-soar-after-record-snows-asian-banks-di/http://www.dailyfinance.com/2009/11/19/chinese-energy-producers-soar-after-record-snows-asian-banks-di/#commentsFiled under: ,

In Asia Thursday, China's Shanghai Composite Index rose 0.5% to 3,321. In Hong Kong and Tokyo, the major indexes fell with the Hang Seng shedding 0.9% to close at 22,643 and the Nikkei losing 1.3% to end the day at 9,549.

In China, shares in energy producers surged as the country plowed itself out from under heavy snow and the national Heating Office was forced to turn household heating on a full two weeks before the normally scheduled date due to extremely low temperatures. The added demand for fuel and electricity sent shares of Changchun Gas and Shaan Xi Provincial Natural Gas soaring to the 10 percent daily limit for a second day in a row. Huaneng Power International (HUNWF) rose 1.8% and oil producing giant PetroChina (PTR) rose 1.1%.

Continue reading Chinese energy producers soar after record snows, Asian banks dip

Chinese energy producers soar after record snows, Asian banks dip originally appeared on DailyFinance on Thu, 19 Nov 2009 07:00:00 EST. Please see our terms for use of feeds.

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]]>china energychina snowhang sengHangSengin focusInFocusnikkeishanghai compositeLauren CooperThu, 19 Nov 2009 07:00:00 ESTAsian real estate shares plummet, steep fall for Buffett's BYD Co.http://www.dailyfinance.com/2009/11/18/asian-real-estate-shares-plummet-steep-fall-for-buffetts-byd-c/http://www.dailyfinance.com/2009/11/18/asian-real-estate-shares-plummet-steep-fall-for-buffetts-byd-c/http://www.dailyfinance.com/2009/11/18/asian-real-estate-shares-plummet-steep-fall-for-buffetts-byd-c/#commentsFiled under: ,

In Hong Kong Wednesday, the Hang Seng index lost 0.3%, ending the day at 22,840. In China, the Shanghai Composite Index rose 0.6% to close at 3,303, while in Japan, the Nikkei Index fell 0.6% to 9,677.

In Hong Kong, property companies led the decline, as fears that a property bubble pumped up by excessive speculation on the part of mainland Chinese buyers, may be looming. According to the Economist, prices are now just 13% below the astronomical levels they reached in 2008, just before the financial crisis.

Continue reading Asian real estate shares plummet, steep fall for Buffett's BYD Co.

Asian real estate shares plummet, steep fall for Buffett's BYD Co. originally appeared on DailyFinance on Wed, 18 Nov 2009 06:45:00 EST. Please see our terms for use of feeds.

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]]>BuffettBYD Co.Chinese real estatehong kong real estateHongKongRealEstatein focusInFocusLauren CooperWed, 18 Nov 2009 06:45:00 ESTExclusive Hong Kong broadcast rights to English Premier League sends I-Cable shares soaringhttp://www.dailyfinance.com/2009/11/17/exclusive-hong-kong-broadcast-rights-to-english-premier-league-s/http://www.dailyfinance.com/2009/11/17/exclusive-hong-kong-broadcast-rights-to-english-premier-league-s/http://www.dailyfinance.com/2009/11/17/exclusive-hong-kong-broadcast-rights-to-english-premier-league-s/#commentsFiled under: ,

Asian shares were mixed Tuesday with China's Shanghai Composite Index inching up 0.2% to 3,283. Major indexes in Hong Kong and Tokyo were down, with Japan's Nikkei losing 0.6% to end the day at 9,730 and Hong Kong's Hang Seng down 0.1% at 22,914.

In Hong Kong, I-Cable Communications (ICABY) surged 21.2% after yesterday's announcement that it will become Hong Kong's exclusive broadcaster of England's Barclays Premier League soccer games. This means big business for I-Cable, which outbid competitor Now TV. The games have run on Now TV since 2007. Broadcasting the Premier League could translate into millions of dollars in advertising that will, no doubt, be directed at male viewers, who are prime consumers of sportswear, beer, electronics and other high-end products. Advertisers will surely be vying for spots, bringing hoards of cash into the network.

Continue reading Exclusive Hong Kong broadcast rights to English Premier League sends I-Cable shares soaring

Exclusive Hong Kong broadcast rights to English Premier League sends I-Cable shares soaring originally appeared on DailyFinance on Tue, 17 Nov 2009 07:00:00 EST. Please see our terms for use of feeds.

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]]>barclays premier leagueEnglish premier leagueEnglishPremierLeagueI-CablePCCWLauren CooperTue, 17 Nov 2009 07:00:00 ESTChinese stocks soar as Obama visits Shanghaihttp://www.dailyfinance.com/2009/11/16/chinese-stocks-soar-as-obama-visits-shanghai/http://www.dailyfinance.com/2009/11/16/chinese-stocks-soar-as-obama-visits-shanghai/http://www.dailyfinance.com/2009/11/16/chinese-stocks-soar-as-obama-visits-shanghai/#commentsFiled under: ,

In Asia Monday, China's Shanghai Composite Index added 2.7% to close at 3,275 and Hong Kong's Hang Seng Index rose 1.7%, ending the day at 9,791. In Japan, the Nikkei Index settled 0.2% higher to close at 9,791.

President Obama's first official visit to China will address a wide range of topics from global warming to the economy, and will also underscore the enormous trade deficit -- while Americans' love affair with cheap Chinese goods has buoyed the Chinese economy, Chinese customers have little need for expensive, American-made products. And as their economy continues to develop, it seems the Chinese can fill their own needs quite handily.

Continue reading Chinese stocks soar as Obama visits Shanghai

Chinese stocks soar as Obama visits Shanghai originally appeared on DailyFinance on Mon, 16 Nov 2009 07:00:00 EST. Please see our terms for use of feeds.

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]]>asian marketsAsianMarketschinese carhang senghsbcin focusInFocusnikkeiobama chinaLauren CooperMon, 16 Nov 2009 07:00:00 ESTShares in Hong Kong rise in fragile recoveryhttp://www.dailyfinance.com/2009/11/13/asian-markets-shares-in-hk-rise-in-fragile-recovery/http://www.dailyfinance.com/2009/11/13/asian-markets-shares-in-hk-rise-in-fragile-recovery/http://www.dailyfinance.com/2009/11/13/asian-markets-shares-in-hk-rise-in-fragile-recovery/#commentsIn Hong Kong Friday, the Hang Seng Index added 0.7% to close at 22,554, and the Shanghai Composite Index rose 0.5% to end the day at 3,188. Shares fell in Tokyo, sending the Nikkei Index down 0.4% to 9,770.

According to the International Monetary Fund, Hong Kong's economic recovery is fragile. This was emphasized by figures showing a rise in GDP of only 0.4% -- lower than economists had forecast. Meanwhile, the Hang Seng continued its rise with banks registering gains today. Bank of China (BACHY) gained 3.2%, Industrial & Commercial Bank of China (IDBCY) rose 1.9% and Standard Chartered (SCBFF) added 2.9%.

Continue reading Shares in Hong Kong rise in fragile recovery

Shares in Hong Kong rise in fragile recovery originally appeared on DailyFinance on Fri, 13 Nov 2009 07:00:00 EST. Please see our terms for use of feeds.

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]]>Asian marketAsianMarketbank of chinaHSBCin focusInFocusnippon glasssharptaifookLauren CooperFri, 13 Nov 2009 07:00:00 ESTCitic Pacific surges in Hong Kong while most Asian shares fallhttp://www.dailyfinance.com/2009/11/12/citic-pacific-surges-in-hong-kong-while-most-asian-shares-fall/http://www.dailyfinance.com/2009/11/12/citic-pacific-surges-in-hong-kong-while-most-asian-shares-fall/http://www.dailyfinance.com/2009/11/12/citic-pacific-surges-in-hong-kong-while-most-asian-shares-fall/#commentsFiled under: ,

Shares in Asia fell Thursday with Japan's Nikkei Index falling 0.7% to close at 9,804, and Hong Kong's Hang Seng Index falling 1% to end the day at 22,398. In China, the Shanghai Composite slid 0.1% to 3,173 after Chinese Premier Wen Jiabao said the recovery from the economic crisis would be "slow and bumpy."

In Hong Kong, state-owned investment company Citic Pacific (CTPCF) surged 9% after disclosing that as much as two-thirds of the iron ore from its Australian operations will be sold to Chinese mills. Citic has invested $4 billion in Australian projects betting on predictions that China's appetite for iron ore will increase as the country continues to embark on major infrastructure and building projects. Some predict that the nation's economy will grow 10.5% this quarter, and a quick scan of the skyline of any Chinese city sprouting with building cranes is a clear sign of that growth. According to Bloomberg, China could use more iron ore than the total amount ever mined in Australia, and it has to come from somewhere.

Continue reading Citic Pacific surges in Hong Kong while most Asian shares fall

Citic Pacific surges in Hong Kong while most Asian shares fall originally appeared on DailyFinance on Thu, 12 Nov 2009 07:00:00 EST. Please see our terms for use of feeds.

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]]>aifulasian marketAsianMarketbank of chinacitichang senghsbcin focusInFocusnikkLauren CooperThu, 12 Nov 2009 07:00:00 ESTHSBC shares rise on spectacular third quarter profits, Hong Kong chip maker surgeshttp://www.dailyfinance.com/2009/11/11/hsbc-shares-rise-on-spectacular-third-quarter-profits-hong-kong/http://www.dailyfinance.com/2009/11/11/hsbc-shares-rise-on-spectacular-third-quarter-profits-hong-kong/http://www.dailyfinance.com/2009/11/11/hsbc-shares-rise-on-spectacular-third-quarter-profits-hong-kong/#commentsFiled under: ,

In Asia Wednesday, Hong Kong's Hang Seng Index rose 1.6% to close at 22,627. In Japan, the Nikkei Index closed at 9,872, virtually unchanged from yesterday. In China, the Shanghai Composite Index dropped for the first time in nine days, ending the day at 3,175 -- a loss of 0.1%.

In Hong Kong, HSBC Holdings (HBC), the index's most heavily weighted stock, climbed 6% after announcing that its third quarter pre-tax profits were higher than last year, and had exceeded even its own expectations. The bank, which has its headquarters in London, serves more than 100 million customers throughout the world. The bank's CEO plans to relocate to Hong Kong this February, signaling that operations will become more focused on the East.

Continue reading HSBC shares rise on spectacular third quarter profits, Hong Kong chip maker surges

HSBC shares rise on spectacular third quarter profits, Hong Kong chip maker surges originally appeared on DailyFinance on Wed, 11 Nov 2009 07:00:00 EST. Please see our terms for use of feeds.

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]]>asian marketAsianMarketbank of east asiahang senghsbcin focusInFocusnintendosonyLauren CooperWed, 11 Nov 2009 07:00:00 ESTBerlin brothel offers eco-friendly discount: Bike-riding customers pay lesshttp://www.dailyfinance.com/2009/11/10/eco-friendly-berlin-brothel-offers-discounts-on-sex-to-boost-bus/http://www.dailyfinance.com/2009/11/10/eco-friendly-berlin-brothel-offers-discounts-on-sex-to-boost-bus/http://www.dailyfinance.com/2009/11/10/eco-friendly-berlin-brothel-offers-discounts-on-sex-to-boost-bus/#commentsFiled under: ,

Berlin is now home to Germany's first eco-friendly brothel, which offers discounts to customers who arrive by bicycle or public transport. Patrons who show a bus or tram ticket, or a bike helmet or padlock key as proof that they didn't drive, receive a 5-euro ($7.50) discount -- dropping the cost of a 30-minute tryst from 50 euros ($75) to 45 euros ($67). This kind of promotion "is something never seen before in this business in Berlin," brothel owner Thomas Goetz tells DailyFinance.

Goetz, who owns Maison d'Envie (House of Desire), hoped the promotion would boost business, which he says has been flaccid since the economic crisis began. Apparently, would-be customers have pared back discretionary spending in all areas, including sex. Goetz and his mother, Regina, who manages the business, bet that an environmentally friendly initiative would do the trick. "We have a problem with parking here, and it's better to come by tram, bicycle or foot," Regina Goetz explains. "And it's better for the environment."

Continue reading Berlin brothel offers eco-friendly discount: Bike-riding customers pay less

Berlin brothel offers eco-friendly discount: Bike-riding customers pay less originally appeared on DailyFinance on Tue, 10 Nov 2009 15:00:00 EST. Please see our terms for use of feeds.

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]]>brothelsGermanyprostitutionLauren CooperTue, 10 Nov 2009 15:00:00 ESTChinese vaccine makers surge as swine flu cases soar http://www.dailyfinance.com/2009/11/10/chinese-vaccine-makers-surge-as-swine-flu-cases-soar-chinese-ca/http://www.dailyfinance.com/2009/11/10/chinese-vaccine-makers-surge-as-swine-flu-cases-soar-chinese-ca/http://www.dailyfinance.com/2009/11/10/chinese-vaccine-makers-surge-as-swine-flu-cases-soar-chinese-ca/#commentsFiled under: ,

Asian stocks rose Tuesday. In Hong Kong, the Hang Seng Index added 0.3%, ending the day at 22,268. In China, the Shanghai Composite Index rose 0.1% to 3,179 and in Japan, the Nikkei Index closed up 0.6% at 9,871.

Shares in Chinese drug companies soared as the number of reported swine flu cases swelled to nearly 60,000, and the death toll rose to 30. So far 8.7 million Chinese have been vaccinated, according to Agence France Presse, and China's Ministry of Health has ordered that vaccine makers step up production in order to vaccinate even more of the country's enormous population. Henan Taloph Pharmaceutical jumped to its 10% daily limit, Shenzhen Neptunus Bioengineering climbed 6.17% and Hualan Biological Engineering rose 2.0%.

Continue reading Chinese vaccine makers surge as swine flu cases soar

Chinese vaccine makers surge as swine flu cases soar originally appeared on DailyFinance on Tue, 10 Nov 2009 07:00:00 EST. Please see our terms for use of feeds.

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]]>asian marketAsianMarketchina strategicin focusInFocusjapan tobaccoswine fluvaccineLauren CooperTue, 10 Nov 2009 07:00:00 ESTMore IPOs in the pipeline as Macau casino stocks surge, Japanese insurance companies gainhttp://www.dailyfinance.com/2009/11/09/more-ipos-in-the-pipeline-as-macau-casino-stocks-surge-japanes/http://www.dailyfinance.com/2009/11/09/more-ipos-in-the-pipeline-as-macau-casino-stocks-surge-japanes/http://www.dailyfinance.com/2009/11/09/more-ipos-in-the-pipeline-as-macau-casino-stocks-surge-japanes/#commentsFiled under: ,

Shares in Asia rose Monday with Hong Kong's Hang Seng Index climbing 1.7% to end the session at 22,208. In China, the Shanghai Composite Index added 0.4% to close at 3,176 and in Japan the Nikkei Index was up 0.2%, ending the day at 9,809.

In Hong Kong, banks led the rise with both Industrial and Commercial Bank of China Ltd. (IDCBF) and China Construction Bank Corp. (CICHF) moving up 3.1%. As the banking sector remains strong in the territory, China Minsheng Banking Corp. is planning to sell up to $4 billion in an upcoming Hong Kong IPO.

Continue reading More IPOs in the pipeline as Macau casino stocks surge, Japanese insurance companies gain

More IPOs in the pipeline as Macau casino stocks surge, Japanese insurance companies gain originally appeared on DailyFinance on Mon, 09 Nov 2009 07:00:00 EST. Please see our terms for use of feeds.

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]]>in focusInFocusLauren CooperMon, 09 Nov 2009 07:00:00 ESTIn Asia, CNOOC gains on Gulf of Mexico news, NEC surges, Disney-related stocks fallhttp://www.dailyfinance.com/2009/11/06/in-asian-markets-cnooc-shares-gain-on-gulf-of-mexico-investment/http://www.dailyfinance.com/2009/11/06/in-asian-markets-cnooc-shares-gain-on-gulf-of-mexico-investment/http://www.dailyfinance.com/2009/11/06/in-asian-markets-cnooc-shares-gain-on-gulf-of-mexico-investment/#commentsFiled under: ,

Asia's major indexes rose Friday, with Hong Kong's Hang Seng Index climbing 1.6 percent to close at 21,830, Japan's Nikkei Index increasing 0.7 percent to end the day at 9,789 and China's Shanghai Composite Index adding 0.3 percent to settle at 3,164.

Yet another successful IPO sent shares of Greens Holdings Ltd. up 12.3 percent, making it the third Hong Kong company to rise on its debut this week. The company provides energy efficiency solutions and products, including wind power equipment. Luxury residential developer Evergrande Real Estate Group, which began trading earlier this week, fell 2.6 percent today, and menswear company Trinity Ltd, which also kicked off trading this week, lost 3.9 percent of its recent gains.

Continue reading In Asia, CNOOC gains on Gulf of Mexico news, NEC surges, Disney-related stocks fall

In Asia, CNOOC gains on Gulf of Mexico news, NEC surges, Disney-related stocks fall originally appeared on DailyFinance on Fri, 06 Nov 2009 07:00:00 EST. Please see our terms for use of feeds.

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]]>asian marketcnoocDisneygreens holdingshang senghk ipoin focusInFocusLauren CooperFri, 06 Nov 2009 07:00:00 ESTSanyo plunges after takeover bid in Japan, Chinese developer surgeshttp://www.dailyfinance.com/2009/11/05/sanyo-plunges-after-takeover-bid-in-japan-chinese-developer-sur/http://www.dailyfinance.com/2009/11/05/sanyo-plunges-after-takeover-bid-in-japan-chinese-developer-sur/http://www.dailyfinance.com/2009/11/05/sanyo-plunges-after-takeover-bid-in-japan-chinese-developer-sur/#commentsFiled under: ,

Shares in Asia closed mostly lower today with Japan's Nikkei Index falling 1.3 percent to 9,717. In Hong Kong, the Hang Seng Index fell 0.6 percent to close at 21,479, and in China, the Shanghai Composite Index rose 0.9 percent, ending the day at 3,155.

In Japan, Sanyo Electric Co. (SANYY) plunged 20 percent to 174 yen ($1.93) per share as Panasonic Corp. (PC) made an offer to buy the company at 131 yen ($1.45) a share. Panasonic hopes to acquire Sanyo, which makes rechargeable batteries and other appliances, including vending machines, and has several contracts to provide batteries for hybrid cars.

Continue reading Sanyo plunges after takeover bid in Japan, Chinese developer surges

Sanyo plunges after takeover bid in Japan, Chinese developer surges originally appeared on DailyFinance on Thu, 05 Nov 2009 07:00:00 EST. Please see our terms for use of feeds.

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]]>asian marketDisneyEvergrande Real EstatePanasonicSanyoLauren CooperThu, 05 Nov 2009 07:00:00 ESTOn guard in Britain: Did the Beefeaters harass a female recruit?http://www.dailyfinance.com/2009/11/04/on-guard-in-britain-did-the-beefeaters-harass-a-female-recruit/http://www.dailyfinance.com/2009/11/04/on-guard-in-britain-did-the-beefeaters-harass-a-female-recruit/http://www.dailyfinance.com/2009/11/04/on-guard-in-britain-did-the-beefeaters-harass-a-female-recruit/#commentsHistory is filled with pioneering women who have been met with adversity for taking on traditional male roles. Unfortunately, Moira Cameron, Britain's first female Beefeater (the ceremonial guards outside the Tower of London), is no exception.

According to Cameron, her male colleagues sent her evil notes, secretly altered her online profile and even vandalized her uniform, spurring her to file a harassment lawsuit. As a result, two male Beefeaters have been suspended from their duties on charges that they bullied Cameron. A third Beefeater is under investigation.

Continue reading On guard in Britain: Did the Beefeaters harass a female recruit?

On guard in Britain: Did the Beefeaters harass a female recruit? originally appeared on DailyFinance on Wed, 04 Nov 2009 16:30:00 EST. Please see our terms for use of feeds.

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]]>Beefeatertower of london Moira Cameronyeoman warderLauren CooperWed, 04 Nov 2009 16:30:00 ESTEchoes of Buffett's railroad deal are felt in China as railway stocks surgehttp://www.dailyfinance.com/2009/11/04/echos-of-buffetts-planned-railroad-purchase-are-felt-in-china-a/http://www.dailyfinance.com/2009/11/04/echos-of-buffetts-planned-railroad-purchase-are-felt-in-china-a/http://www.dailyfinance.com/2009/11/04/echos-of-buffetts-planned-railroad-purchase-are-felt-in-china-a/#commentsFiled under: ,

In Asia Wednesday, shares climbed with Hong Kong's Hang Seng Index advancing 1.8 percent to 21,615. Japan's Nikkei Index closed at 9,844 -- up 0.4 percent and China's Shanghai Composite ended the day at 3,129 -- up 0.5 percent.

In China, investors must have been keeping a close eye on Warren Buffett's planned purchase Tuesday of railroad company Burlington Northern Santa Fe Corp for $34 billion. Not wanting to miss out on the next big thing, investors plowed money into Daqin Railway Co., which surged 4.3 percent in Shanghai today. The company operates China's immense coal transportation network. Guangshen Railway Co. (GSH) also benefited from the Buffett effect, advancing 2.5 percent, and Railroad builder China Railway Construction Corp Ltd. (GWYCF) gained 1.5 percent.

Continue reading Echoes of Buffett's railroad deal are felt in China as railway stocks surge

Echoes of Buffett's railroad deal are felt in China as railway stocks surge originally appeared on DailyFinance on Wed, 04 Nov 2009 07:00:00 EST. Please see our terms for use of feeds.

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]]>China railwayDaquin Railwaygalaxyin focusInFocusMacauWarren BuffettWarrenBuffettLauren CooperWed, 04 Nov 2009 07:00:00 ESTTrinity menswear IPO surges; bank sees 10 percent growth for Chinahttp://www.dailyfinance.com/2009/11/03/trinity-menswear-ipo-surges-bank-sees-10-percent-growth-in-chin/http://www.dailyfinance.com/2009/11/03/trinity-menswear-ipo-surges-bank-sees-10-percent-growth-in-chin/http://www.dailyfinance.com/2009/11/03/trinity-menswear-ipo-surges-bank-sees-10-percent-growth-in-chin/#commentsFiled under: ,

In Hong Kong Tuesday, the Hang Seng Index slid 1.8 percent to close at 21,240, and China's Shanghai Composite Index rose 1.2 percent, ending the day at 3,114. The Tokyo Stock Exchange was closed today in celebration of Culture Day.

In Hong Kong, Trinity Ltd, the menswear division of mega clothing manufacturer Li & Fung, surged 49 percent on its debut today, soaring as high as 82 percent in intraday trading. Trinity provides luxury menswear to shops in Mainland China and operates 345 of its own stores in 37 different cities. It maintains several of its own high-end brands, including Kent & Curwen and Gieves & Hawkes.

Continue reading Trinity menswear IPO surges; bank sees 10 percent growth for China

Trinity menswear IPO surges; bank sees 10 percent growth for China originally appeared on DailyFinance on Tue, 03 Nov 2009 07:00:00 EST. Please see our terms for use of feeds.

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]]>economic growth chinaHong Kong propertyin focusInFocusLi FungTrinityLauren CooperTue, 03 Nov 2009 07:00:00 ESTMost Asian shares lower, but possible China Disney theme park sends some soaringhttp://www.dailyfinance.com/2009/11/02/most-asian-shares-lower-but-possible-china-disney-theme-park-se/http://www.dailyfinance.com/2009/11/02/most-asian-shares-lower-but-possible-china-disney-theme-park-se/http://www.dailyfinance.com/2009/11/02/most-asian-shares-lower-but-possible-china-disney-theme-park-se/#commentsFiled under: ,

In Japan Monday, the Nikkei Index fell 2.3 percent to close at 9,803, and in Hong Kong, the Hang Seng Index shed 0.6 percent, ending the day at 21,620. In China, shares were higher, with the Shanghai Composite Index gaining 2.7 percent, settling at 3,077.

Shares in Hong Kong property developers dipped today as reports of a fall in weekend home sales sent a breeze across the overheated property market. Sino Land Co. (SNLAY) slipped 2.4 percent, New World Development Ltd. (NDVLY) declined 1.9 percent, and Sun Hung Kai Properties Ltd. (SUHJY) lost 1.6 percent. Henderson Land Development Co. Ltd. (HLDVF), which recently conducted the sale of the most expensive property in the world, added 0.5 percent.

Continue reading Most Asian shares lower, but possible China Disney theme park sends some soaring

Most Asian shares lower, but possible China Disney theme park sends some soaring originally appeared on DailyFinance on Mon, 02 Nov 2009 07:00:00 EST. Please see our terms for use of feeds.

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]]>asian marketsDisneyhang senghong kong propertyin focusInFocusnikkeiLauren CooperMon, 02 Nov 2009 07:00:00 ESTShares in Hong Kong developers rise as Asian markets reboundhttp://www.dailyfinance.com/2009/10/30/shares-in-hong-kong-developers-rise-as-asian-markets-rebound/http://www.dailyfinance.com/2009/10/30/shares-in-hong-kong-developers-rise-as-asian-markets-rebound/http://www.dailyfinance.com/2009/10/30/shares-in-hong-kong-developers-rise-as-asian-markets-rebound/#commentsFiled under: ,

Shares in Asia closed higher Friday, with Hong Kong's Hang Seng Index gaining 2.3 percent to close at 21,753 and Japan's Nikkei Index adding 1.5 percent, to end the day at 10,035. In China, the Shanghai Composite Index closed at 2,996 - up 1.2 percent.

In Hong Kong, shares in real estate developers soared. Billionaire Lee Shau-kee, who controls Henderson Land Development Co. (HLDVF), sold shares to buy more land in a bet that Hong Kong home prices will continue to rise despite the government's efforts to cool the market, according to Bloomberg. Henderson Land shot up 7.5 percent on the news.

Continue reading Shares in Hong Kong developers rise as Asian markets rebound

Shares in Hong Kong developers rise as Asian markets rebound originally appeared on DailyFinance on Fri, 30 Oct 2009 07:00:00 EST. Please see our terms for use of feeds.

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]]>Asian marketAsianMarkethenderson landin focusInFocuslee shau-keenintendoSonyLauren CooperFri, 30 Oct 2009 07:00:00 ESTIMF declares Asian economy is rebounding fast, even as shares tumblehttp://www.dailyfinance.com/2009/10/29/imf-declares-asian-economy-is-rebounding-fast-even-as-shares-tu/http://www.dailyfinance.com/2009/10/29/imf-declares-asian-economy-is-rebounding-fast-even-as-shares-tu/http://www.dailyfinance.com/2009/10/29/imf-declares-asian-economy-is-rebounding-fast-even-as-shares-tu/#commentsFiled under: ,

Asian markets fell Thursday, even as the International Monetary Fund declared, "Asia is rebounding fast from the depths of the global crisis," in its Regional and Economic Outlook report released today. China's Shanghai Composite Index fell 2.3 percent to close at 2,960, Hong Kong's Hang Seng Index dropped 2.3 percent, ending the day at 21,265 and in Japan the Nikkei Index shed 1.8 percent, closing at 9,891.

The report warns that Asia will, "Need to manage a balancing act," by continuing the economic stimulus that has supported the recovery for just long enough that the economies become self-sustaining without triggering inflation. The report also emphasizes the link between American consumption and Asia's growth, cautioning that a slowdown in U.S. buying would still have an enormous impact on Asia. And it seems it is that out-sized consumption that has left Asia positioned so strongly: according to the report, "Asia has boomed as America's consumption outpaced its income."

Continue reading IMF declares Asian economy is rebounding fast, even as shares tumble

IMF declares Asian economy is rebounding fast, even as shares tumble originally appeared on DailyFinance on Thu, 29 Oct 2009 07:00:00 EST. Please see our terms for use of feeds.

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]]>Asian marketFordGeelyhang sengHangSengHummerIMFinfocusnikkeishanghai compositeShanghaiCompositeVolvoLauren CooperThu, 29 Oct 2009 07:00:00 ESTShares in Hong Kong developers plunge as companies beg for more landhttp://www.dailyfinance.com/2009/10/28/shares-in-hong-kong-developers-plunge-as-companies-beg-for-more/http://www.dailyfinance.com/2009/10/28/shares-in-hong-kong-developers-plunge-as-companies-beg-for-more/http://www.dailyfinance.com/2009/10/28/shares-in-hong-kong-developers-plunge-as-companies-beg-for-more/#commentsFiled under: , ,

In Asia Wednesday, Hong Kong's Hang Seng Index dropped 1.8 percent to end the day at 21,762. Japan's Nikkei Index fell to 10,075 - a decline of 1.4 percent and the Shanghai Composite Index added 0.3 percent to close at 3,031.

In Hong Kong, property development company stocks suffered after building executives met with the territory's Financial Secretary to discuss the high price of land in Hong Kong, where virtually every bit of rocky land is owned by the government and leased to developers. About 70 percent of Hong Kong island is parkland, and the developers are asking the government to make more of it available to them in order to dampen the current price escalation. Sino Land Ltd. (SNLAY) plunged 4.6 percent, New World Development Ltd. (NDVLY), slid 4.3 percent, Cheung Kong Holdings Ltd. (CHEUY) lost 2.7 percent and Sun Hung Kai Properties Ltd. (SUHJY) slipped 1.9 percent.

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Shares in Hong Kong developers plunge as companies beg for more land originally appeared on DailyFinance on Wed, 28 Oct 2009 07:20:00 EST. Please see our terms for use of feeds.

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]]>Asian marketAsianMarketcasinohong kong propertyin focusInFocusmacauproperty bubblLauren CooperWed, 28 Oct 2009 07:20:00 ESTHong Kong developers slide on new mortgage regulationshttp://www.dailyfinance.com/2009/10/27/hong-kong-developers-slide-on-new-mortgage-regulations/http://www.dailyfinance.com/2009/10/27/hong-kong-developers-slide-on-new-mortgage-regulations/http://www.dailyfinance.com/2009/10/27/hong-kong-developers-slide-on-new-mortgage-regulations/#commentsFiled under: ,

Shares in Asia fell Tuesday, causing the MSCI Asia Pacific Index to post its biggest drop in three weeks. Hong Kong's Hang Seng Index fell 1.9 percent, ending the day at 22,170 and China's Shanghai Composite Index closed at 3,021 - down 2.8 percent. Japan's Nikkei Index slid 1.5 percent to 10,212.

New requirements for heftier down-payments on Hong Kong's luxury homes sent shares in the territory's real estate developers plummeting. Sino Land Co. (SNLAY) nosedived 5.4 percent and Henderson Land Development Co. (HLDVF) plummeted 4.3 percent. Sun Hung Kai Properties Ltd. (SUHJY) fell 3.4 percent and Cheung Kong Holdings Ltd. (CHEUY) dropped 3 percent.

Continue reading Hong Kong developers slide on new mortgage regulations

Hong Kong developers slide on new mortgage regulations originally appeared on DailyFinance on Tue, 27 Oct 2009 07:00:00 EST. Please see our terms for use of feeds.

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]]>asian marketcommodity pricein focusInFocuspharmceuticalswine fluSwineFluvaccineLauren CooperTue, 27 Oct 2009 07:00:00 EST