Search Results for: Asian
Alibaba, South Korean City Of Incheon Mulling $912M Joint Investment In ‘Alibaba Town’
January 12th, 2015
China’s Alibaba Group Holding and the South Korean city of Incheon are in talks for a joint investment worth 1 trillion won ($912 million) in a new business area in the city, local media reported Monday. The new area, ...
Dollar Slips on Wages as Oil Drops; Chinese Stocks Drop
January 12th, 2015
The dollar fell for a second day after an unexpected drop in U.S. wages clouded the outlook for interest rates, and crude oil resumed declines. Billionaire Li Ka-shing’s Cheung Kong Holdings Ltd. surged in Hong Kong after a reorganization, while ...
Hong Kong Continues To Attract Record FDI
January 9th, 2015
Invest Hong Kong, the territory’s inward investment agency, has announced that it assisted a record number of businesses to establish operations in 2014. InvestHK’s Director-General of Investment Promotion, Simon Galpin, said: “2014 was another record year for InvestHK in ...
Asia stocks gain on hopes for solid U.S. job report, euro probes new lows
January 9th, 2015
Asian stocks rose on Friday on upbeat expectations for the closely-watched U.S. jobs data, while the euro continued to flirt with fresh nine-year lows against the dollar. But spreadbetters expected the rebound in equities to peter out in Europe ...
Markets decline as oil plunge continues
January 7th, 2015
Markets continued retreating on Tuesday as oil prices slumped. The sell-off of US stocks continued for the second consecutive day. The S&P 500 benchmark index fell for the fifth session in a row, with only two sectors – utilities and telecoms, ...
Euro hits fresh low before inflation trial, bonds boom
January 7th, 2015
The euro hit a nine-year trough today as collapsing oil prices and worries about the world economy drove skittish investors into the arms of safe-haven sovereign debt. From Japan to Germany to Australia, government borrowing costs reached all-time lows as oil fell 10 percent in just ...
Swiss Franc Falls Against Most Majors
December 31st, 2014
The Swiss franc weakened against most major currencies in the Asian session on Wednesday. The Swiss franc fell to nearly a 2-week low of 1.5397 against the pound, from yesterday’s closing quote of 1.5382. Against the euro and the ...
Asia to test bond record again in 2015
December 30th, 2014
Asia could set another record for international bond issues in 2015 if Chinese companies continue to borrow offshore at the same voracious pace they did this year, while bankers expect a heavy redemption schedule and larger pipelines from India ...
Euro Falls to Two-Year Low Amid Greek Concern as Yuan Weakens
December 30th, 2014
The euro declined to a two-year low versus the dollar on concern anti-austerity opposition party Syriza will win Greek elections next month, endangering the country’s bailout agreement. The 18-nation euro fell versus 11 of its 16 major counterparts amid ...
Global Oil: Production, Politics, Price and Pain
December 23rd, 2014
The drop of oil prices in the past six months is all over the headlines with all sorts of opinions about how this is good or bad for economies around the world, consumers and corporations. Like everything there are ...
