Search Results for: Hong Kong
Asia markets mostly higher; Nikkei edges up despite yen strength
April 7th, 2016
Most Asian markets rose on Thursday, with Japan’s benchmark index snapping a seven-day losing streak despite fresh strength in the yen. Japan’s benchmark Nikkei 225 closed up 34.48 points, or 0.22 percent, at 15,749.84, after wavering between positive and negative territory ...
SFAT affirms SFC decision to reprimand and fine Moody’s over Red Flags Report
April 6th, 2016
The Securities and Futures Commission (SFC) has reprimanded Moody’s Investors Service Hong Kong Limited (Moody’s) and fined it $11 million for various failures relating to its preparation and publication of the special comment report entitled “Red Flags for Emerging-Market ...
China Forex Losses Jump 13-Fold as Investors Brace for More
April 6th, 2016
Continued yuan depreciation’ to hurt bottom lines: Schroder Air China, Agile Property to cut exposure to dollar debt The impact of August’s yuan devaluation has shown up in Chinese publicly traded companies’ annual results — and investors are bracing ...
Asia markets higher; Nikkei turns up on slightly weaker yen
April 6th, 2016
Asia markets turned higher on Wednesday, shrugging off a global sell-off in equities overnight, as oil prices advanced and activity in China’s services sector showed signs of pick-up. Australia’s ASX 200 was up 0.54 percent. Japan’s Nikkei 225 wavered before trading up 0.28 ...
Credit Suisse, HSBC dismiss ‘Panama Papers’ tax avoidance allegations
April 6th, 2016
Credit Suisse and HSBC, two of the world’s largest wealth managers, dismissed on Tuesday suggestions they were actively using offshore structures to help clients cheat on their taxes. Their comments came a day after a leak of four decades ...
Leading Japanese Online Broker Monex, Inc. Adopts Broadridge Processing Solution
April 5th, 2016
Monex, Inc., one of Japan’s largest online trading brokers, has chosen Broadridge Financial Solutions, Inc. (NYSE: BR) to support its Japanese equity and investment trust processing business. Through Broadridge’s JASDEC (Japan Securities Depository Center, Inc.) Processing Solution, Monex will strengthen ...
Aussie Gains, Reversing Declines, as RBA Currency Rhetoric Muted
April 5th, 2016
Currency jumped 13% from low set in January to March 31 high Stevens said last month Aussie may be getting ahead of itself Australia’s dollar gained, reversing earlier declines, after Reserve Bank Governor Glenn Stevens held interest rates at ...
UBS, HSBC Offshore Dealings Thrust Into Panama Papers Spotlight
April 5th, 2016
Report describes UBS’s dealings with law firm Mossack Fonseca Both banks say they comply with laws for vetting customers UBS Group AG and HSBC Holdings Plc — two of the banks hardest hit amid a U.S. crackdown on customers’ illicit ...
Asia markets rise; Japanese yen maintains 111 handle versus dollar
April 4th, 2016
Asian markets were mixed Monday, with Japanese shares losing ground on the back of a lower dollar/yen pair, which has hovered at the 111 level since Friday. Australia’s ASX 200 was up 0.64 percent, while Japan’s Nikkei 225 gave up gains to trade ...
Asia markets mixed; Nikkei up 0.4%, Kospi down 0.5%
March 31st, 2016
Asia markets traded mixed on Thursday, with some markets partially retracing their advances following Federal Reserve chair Janet Yellen’s cautious stance on the path of tightening earlier this week. Japan’s Nikkei 225 wavered between gains and losses before trading up 0.41 percent, while ...
