hong kong

American International Group has received a $1 billion commitment from Kuwait Investment Authority for AIA Group's Hong Kong initial public offering. But the Kuwaiti sovereign wealth fund has forced AIG to lower the value of the Asian life insurance company.

MGM Resorts International (MGM) may list its Macau gambling venture on the Hong Kong stock market. MGM is a partner in MGM China Holdings, a casino in a historic district of Macau, MarketWatch reported. The casino is a joint venture with Pansy Ho, daughter of Macau gambling kingpin Stanley...

American International Group (AIG) is seeking Hong Kong listing committee approval on Sept. 21 for the IPO of its Asian life insurance unit, Reuters reported. The date is earlier than expected, which could mean that the IPO of the company's AIA unit will come in October, rather than November,...

Regulators in Taiwan blocked the proposed $2.15 billion sale of AIG's (AIG) Taiwan life insurance business to a Hong Kong-based consortium. AIG struck a deal in October to sell the Nan Shan unit to China Strategic Holdings and Primus Financial Holdings, the Financial Times reported. Regulators...

American International Group (AIG) is talking to potential investors to sell stakes in its Asian life insurance business AIA, ahead of a planned IPO of the unit. Investors including Temasek Holdings, China Investment Corp and Abu Dhabi Investment Authority have all registered their interested in...

Agricultural Bank of China, the last of China's four big banks to go public, is on track to rake in more than $19 billion when it debuts on the Shanghai stocks markets July 15 and in Hong Kong a day later, according to reports. The offering could go as high as $22 billion, making it the largest...

Can Facebook CEO Mark Zuckerberg create the first truly dominant global social network? It's a big ambition, but it's looking less implausible all the time. Previously, social networks were strong in one region primarily or in several, but never globally. Friendster couldn't catch on in Europe or...

With profits down 19 percent in its theme parks, the Walt Disney Company (DIS) needs to expand internationally in order to grow in these tough economic times. So where is it looking? Shanghai, China will be the next location for a Disney-style theme park. If built to full capacity, the new park...

Authorities in Hong Kong have moved in to dampen demand at the highest end of that city's real estate market. Coming on the heels of a developer there last week setting a world price record for the sale of an apartment -- $9,200 U.S. per square foot -- the Hong Kong Monetary Authority increased...