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Hong Kong shares to open up 1.2 pct, commodities sectors lead
ReutersHONG KONG, May 6 (Reuters) - Hong Kong shares were poised to start at their highest in almost two months on Monday, helped by strong gains for commodities-related counters as Friday's strong U.S. jobs report eased global growth jitters. The Hang Seng...Tags: China Enterprises
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Hong Kong shares close up 1 pct at near two-month high
ReutersHONG KONG, May 6 (Reuters) - Hong Kong shares climbed to their highest in almost two months on Monday, buoyed by robust gains for commodities-related counters as prices in physical markets soared. The Hang Seng Index ended up 1 percent at 22,915.1...Tags: Marketing, Macau, Deutsche Bank AG, China, Petroleum Industry
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China Galaxy's IPO bookrunner record sets grim stage for bankers
ReutersBy Elzio Barreto and Denny Thomas HONG KONG, May 6 (Reuters) - State-owned China Galaxy Securities Co Ltd set a record for Hong Kong's IPO market on Monday, with a total of 21 banks working as joint bookrunners on its $1.37 billion offering. That...Tags: Morgan Stanley Dean Witter & Company, Asia, Finance, JPMorgan Chase & Co., Business Enterprises
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HK's Galaxy Entertainment says to buy $419 mln Macau assets
ReutersHONG KONG, May 5 (Reuters) - Galaxy Entertainment Group Ltd said on Sunday it would buy assets in Macau's Cotai from hotel operator and casino marketing firm Get Nice Holdings Ltd for HK$3.25 billion ($419 million). The assets include properties and...Tags: Macau, Las Vegas Sands Corporation, Entertainment
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EU rules risk driving London Metal Exchange to Hong Kong -brokers
Reuters* Change of regulation will drive up costs, hurt free credit * New rules could erode LME volumes, which hit record in April * LME's new Hong Kong owners need to justify $2.2 billion price By Susan Thomas and Maytaal Angel LONDON, May 3 (Reuters) -...Tags: Electronics, Litigation and Regulation, Metal, European Union, New Products
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Deals of the day -- mergers and acquisitions
ReutersMay 3 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday: ** Private equity firm Electra Partners is selling out of animal tagging company Allflex after 14 years, banking the rewards from ever stricter...Tags: Corporate Officers, Marketing, Chesapeake Energy Corp., South Africa, Spain
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Hong Kong shares may start higher, headed for 2nd weekly gain
ReutersHONG KONG, May 3 (Reuters) - Hong Kong shares could start higher on Friday, tracking Wall Street gains after improved U.S. jobless claims figures, although activity may be curbed ahead of the U.S. monthly payroll report due later in the day. On Thursday,...Tags: Labor Legislation, Glencore International AG, China Enterprises, Career and Workplace, China
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Hong Kong shares to open up 0.6 pct, Tencent jumps
ReutersHONG KONG, May 3 (Reuters) - Hong Kong shares were poised to start higher on Friday, with gains on the Hang Seng Index buoyed by a 3.2 percent climb by Chinese internet giant Tencent Holdings. The Hang Seng Index was set to open up 0.6 percent at 22,811....Tags: China Enterprises
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GLOBAL MARKETS-ECB rate cut cheers stocks, euro subdued
Reuters* U.S. payrolls report next in focus, after upbeat jobless claims * Australia shares get bank boost from Westpac result * Japanese markets closed for holiday By Ian Chua SYDNEY, May 3 (Reuters) - Sharemarkets across Asia mostly rose on Friday after an...Tags: Central Bank, Credit Ratings, Federal Reserve, Deutsche Bank AG, Economy, Business and Finance
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Birmingham City owner fails to have money laundering trial dismissed
ReutersBy Grace Li HONG KONG, May 3 (Reuters) - Birmingham City football club owner Carson Yeung failed to have charges of laundering more than HK$720 million ($93 million)thrown out on Friday after a judge rejected claims that the absence of some documents...Tags: Defendants, Justice System, Trials, Economy, Business and Finance, Finance
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Hong Kong shares close up 0.1 pct, New World Development jumps
ReutersHONG KONG, May 3 (Reuters) - Hong Kong shares ended a holiday-shortened week on a tepid note on Friday, paring gains in the afternoon ahead of U.S. payrolls data later in the day and barely registering a gain on the week. The Hang Seng Index closed up 0....Tags: China Enterprises, Money and Monetary Policy, Shanghai (China)
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ANALYSIS-Access to China's onshore market could beckon ETFs
ReutersBy Steven C. Johnson and Nishant Kumar NEW YORK/HONG KONG, May 2 (Reuters) - Where there's an investing niche, there's probably an exchange-traded fund that exploits it. Mainland China is an exception. Chinese plans to increase foreign access to its...Tags: Asia, Finance, S&P 500, China Mobile Limited, Stock Market
May 5, 2013
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