The World Bank cut its 2014-2016 growth forecasts for developing East Asia, noting that China was likely to slow due to policies aimed at putting the economy on a more sustainable footing, and it also cautioned of capital-flight risks to Indonesia.
Tags: Hong Kong
Investors seek more time to prepare for Hong Kong-Shanghai stock tie-up
Some of the world's biggest banks and asset managers have asked the Hong Kong securities regulator for more time to prepare for a landmark China stock trading link due to uncertainty over the rules of the scheme, according to a letter seen by Reuters.
Asian shares, dollar cheered by upbeat U.S. data
Asian stocks started the week on a brighter note on Monday, after solid U.S. data and earnings calmed tumult in global financial markets and reassured investors worried about the health of the world economy.
Qatar to buy $616 million stake in HK department store operator
Sovereign wealth fund Qatar Holding LLC has agreed to buy a HK$4.78 billion ($616 million) stake in Lifestyle International Holdings (1212.HK), operator of the SOGO department stores in Hong Kong and mainland China, Lifestyle said on Monday.
Companies look for more fairness as China eyes legal reforms at key meeting
China is set to unveil key legal reforms this week that will try to limit the influence local officials have on court cases, a move being closely watched by company executives who hope it will make the legal system more impartial.
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Rio Tinto (RIO.AX) rejected a merger approach from smaller rival Glencore Plc (GLEN.L) to create a $160 billion mining and trading giant in August just as the price of its most profitable product, iron ore, hit a five-year low.
Hong Kong's benchmark index posted its biggest daily gain in more than a month on Monday, as pro-democracy activists scaled down protests and upbeat U.S. jobs data provided some relief over the outlook for the global economy.
Chinese Premier Li Keqiang will attend a summit of European and Asian leaders on a trip starting next week that will also include a visit to Germany and the signing of energy and high-speed rail deals with Russia, the government said.
Asian stocks fell on Thursday, dragged lower after the first case of Ebola diagnosed in the United States spooked Wall Street overnight, while a bout of risk aversion pushed down yields and put the dollar's recent rally on pause.
Cybersecurity researchers have uncovered a computer virus that spies on Apple Inc's iOS operating system for the iPhone and iPad, and they believe it is targeting pro-democracy protesters in Hong Kong.
Stocks worldwide began the fourth quarter on a negative note on Wednesday, with investors wary of lackluster economic data and keeping a cautious eye on civil unrest in Hong Kong.
China's growing consumer economy will lead to rise in prices and eventually reduce its role as the supplier of cheap consumer goods to the world.
World markets were in hesitant mood on Tuesday as investors wondered what China's response would be to civil unrest in Hong Kong, while the U.S. dollar eased off the throttle after its biggest quarterly gain in six years.
U.S. stocks ended lower on Monday following protests in Hong Kong that added to worries about Chinese growth and after a disappointing forecast from Ford Motor Co(F.N).
