Search Results for: Hong Kong
Yuan in Biggest Weekly Drop Since Devaluation as PBOC Eases Grip
December 11th, 2015
Central bank may enter market again after Fed decision: OCBC Yuan weakness trend is inevitable, according to Commerzbank The yuan recorded its biggest weekly drop since an August devaluation on speculation China’s central bank is taking advantage of a stronger ...
Chinese Finance-Sector IPOs Set to Maintain Strong Presence in 2016
December 11th, 2015
After dominating in Hong Kong this year, more Chinese finance-sector IPOs are expected to come to market next year China’s banks and brokers have had a tough year with rising bad loans, a stock market crash and weak share performance. ...
Nikkei closes up, ASX hits one-month low
December 11th, 2015
Asian markets closed mixed on Friday, despite Wall Street’s positive finish overnight, as record low oil prices weighed resources plays and China shares traded in negative territory as another top executive was reported missing by local media. “Most investors ...
PwC pushes further into legal services
December 9th, 2015
PwC has continued its aggressive push into the legal space, aided by the firm’s appointment of a former Gilbert + Tobin partner as head of projects. Tony O’Malley, PwC Australia and Asia Pacific legal services leader, told Lawyers Weekly’s sister publication AccountantsDaily that the ...
JP Morgan AMC sells Amtek Auto debentures
December 8th, 2015
Move comes after more than three months since Amtek Auto episode broke in late August JP Morgan Asset Management Company (AMC) has managed to sell the debt papers of Amtek Auto to a private equity firm at a 15 per cent ...
Euroclear: Tougher rules push collateral management in Asia Pacific
December 8th, 2015
Uncertainty remains over how the Asian markets will implement new rules governing collateral movement in the trading of over-the-counter (OTC) derivatives as they move to trading on exchanges next year. The rules on collateral movement are part of broader ...
Citic Securities Chinese brokers missing as Beijing crackdown intensifies
December 8th, 2015
The scandal at Citic has already scuppered a proposed takeover of Russell Investments Two investment bankers from Citic Securities, China’s biggest broker, have gone missing, sparking fresh concerns about a state-led crackdown in the wake of this summer’s stock-market ...
Asian stocks at three-week lows on oil drop; Fed eyed
December 8th, 2015
Asian stocks hit three-week lows on Tuesday as a rout in oil prices knocked energy company shares lower and many investors moved to the sidelines ahead of next week’s meeting where the Federal Reserve is expected to raise U.S. ...
Asian markets close near flat, economic data eyed
December 7th, 2015
Asian stocks lost much of their gains from the morning session to close near flat on Monday, as investors eye a host of economic data due this week. Last week, nonfarm payrolls data showed the U.S. economy created 211,000 ...
OPEC Heads for Status Quo as Members Clash Over Output Cut
December 4th, 2015
Saudi Arabia opposes cuts without Russian participation Venezuela rallies cash-strapped members to support output cuts OPEC looked on track to maintain the status quo after member states clashed over oil production policy at an unusual informal gathering before the ...
