Hong Kong Stock Market News
- Billionaire Chey Sees Stockholder Loss With Hynix Bid: Real M&A Tuesday, July 19, 2011 @ 5:34PMSK Telecom Co., the worst-performing telecommunications stock in east Asia, has decided that the best way to increase shareholder value is to pursue a bailed out chipmaker and a bankrupt video-rental chain.
- Baidu to Pay Record Labels for Beyonce, Gaga Music in China Tuesday, July 19, 2011 @ 4:00PMBaidu Inc., owner of China’s most popular Internet-search engine, agreed to pay record labels to offer songs by artists including Beyonce, Lady Gaga and Frank Sinatra, ending a six-year dispute over piracy.
- Most Asian bourses decline amid debt deal failure concern Tuesday, July 19, 2011 @ 3:20PMBloomberg/Singapore Most Asian stocks fell amid concern US lawmakers will fail to reach a deal on the country’s debt limit and Europe’s worsening sovereign-debt crisis will slow the global economic recovery.
- Soros’s Quantum at 75% Cash Leads Hedge Funds Reducing Risk Tuesday, July 19, 2011 @ 3:12PMKeith Anderson, who runs the $25.5 billion Quantum Endowment Fund for Soros Fund Management LLC, has seen enough of choppy global markets.
- A look at economic developments around the globe Tuesday, July 19, 2011 @ 2:10PMA look at economic developments and activity in major stock markets around the world Tuesday:
- Debt woes either side of Atlantic drive market jitters Tuesday, July 19, 2011 @ 1:11PMFinancial market fears that sent gold prices soaring yesterday are being driven by a combination of transatlanic crises.In the US President Obama and the Republican-held Congress are locked in a stalemate over proposals to raise...
- Toronto stock market higher amid rising commodities, positive earnings Tuesday, July 19, 2011 @ 9:29AMTORONTO - Oil and mining stocks helped push the Toronto stock market higher Tuesday morning amid rising crude and copper prices and some strong earnings reports from the U.S.
- U.S. earnings, housing data lift markets Tuesday, July 19, 2011 @ 9:28AMStocks rose in early trading on Tuesday, as markets cheered solid U.S. earnings and housing data.
- TSX set to open higher on positive earnings Tuesday, July 19, 2011 @ 9:13AMOil and mining stocks will likely support the Toronto stock market at the open amid rising crude and copper prices.
- Currency Investors Turn to Emerging Markets Tuesday, July 19, 2011 @ 8:56AMThe move is a reaction to the recent headaches surrounding the euro and the longer-term woes of the dollar and the yen.
- U.S. futures higher with key earnings in focus; Dow up 0.7% Tuesday, July 19, 2011 @ 8:15AMForexpros – U.S. stock futures pointed to a higher open on Tuesday, as investors turned their attention to earnings reports from economic bellwethers such as Bank of America, IBM and Coca Cola, while better-than-expected housing data also boosted sentiment.
- Insider Trading Snapshot -- QUALCOMM, CenturyLink, Oracle and Tibco Software Tuesday, July 19, 2011 @ 8:00AMNASDAQ, S&P and The Dow Jones industrial average all slid today. Based on the latest insider trades and insider trading data, QUALCOMM, CenturyLink, Oracle and Tibco Software outperformed in their respective sectors.
- BGC Partners Initiates Dividend Reinvestment and Stock Purchase Plan Monday, July 18, 2011 @ 2:53PMNEW YORK, July 18, 2011 /PRNewswire/ BGC Partners, Inc. ("BGC" or "the Company"), a leading global brokerage company servicing the wholesale financial markets, today announced the initiation of a Dividend Reinvestment and Stock Purchase Plan …
- Business : EU, US debt worries haunt markets Monday, July 18, 2011 @ 2:27PMLONDON - Global stock markets took a battering on Monday as investors fled for the security of other assets amid concerns that Europe’s debt crisis could engulf larger economies and ahead of another round of discussions over the US debt ceiling.
- Precious Metals Ready for Big-Time Run as Global Breakdown Begins Monday, July 18, 2011 @ 1:46PMAn important shift in global markets is taking place and it bears introspection. Gold has broken to a new high while Silver has established a bottom. Precious metals stocks have rebounded significantly from support.
- Ownership ruling appealed Monday, July 18, 2011 @ 11:21AMAPPEALS AGAINST a Supreme Court ruling redefining foreign ownership limits have been filed by the top executives of Philippine Long Distance Telephone Co. (PLDT) and the president of the stock exchange, with all three warning of adverse effects on investments.
- China Cache CEO： Reduce Cost through Expanding Main Network Monday, July 18, 2011 @ 10:15AMiChinStock invited Mr. Song Wang, founder and CEO of China Cache to conduct an online interview. The company was founded in 1998 and listed on Nasdaq on Oct. 1st, 2010 with an issue price of $13.9. The stock’s 52-week high is $35 and 52-week low is $6.4.
- Risk aversion lifts gold, Swiss franc; stocks dip Monday, July 18, 2011 @ 1:16AMHONG KONG (Reuters) - Gold and the Swiss franc hit record highs on Monday with further gains likely as the lack of any breakthrough to the escalating debt crisis in the euro zone and the United States saps demand for risky assets.
- FTSE live: market report - as it happened July 15, 2011 Monday, July 18, 2011 @ 12:41AMThe FTSE 100 slipped back, chalking up its biggest weekly loss since March, as traders awaited the European banking stress test results.
- Gold shines on a gloomy day as risk aversion spreads Sunday, July 17, 2011 @ 11:47PMGold and the Swiss franc hit record highs on Monday while equities and the euro tumbled as the lack of any breakthrough to the escalating debt crisis.
- U.S. Consumer Confidence Now Lower Than At Height Of Global Recession Sunday, July 17, 2011 @ 12:42PMLONDON (Susan Fenton) - Global consumer confidence fell in the second quarter to its lowest level in a year and a half as an uncertain economic outlook, a deepening euro zone debt crisis and rising inflation made people more cautious, a survey showed on Sunday.
- Japan Stocks Beat World as Factory Output Rebounds With Toyota Sunday, July 17, 2011 @ 12:32PMEquities in Japan are rising more than any other developed country on speculation earnings will improve as the country recovers from its strongest earthquake.
- Global consumer confidence at lowest since late 2009 - Nielsen Sunday, July 17, 2011 @ 11:28AMBy Susan Fenton
- Previously Announced Offer Price of $27.00 per Share in Cash Sunday, July 17, 2011 @ 1:24AMNORCROSS, GA & FORT WORTH, TX - Immucor, Inc. (Nasdaq: BLUD) and IVD Acquisition Corporation, an...
- European markets close mostly lower Friday, July 15, 2011 @ 5:42PMEuropean stock markets closed mostly lower in volatile trade on Friday as nervous investors waited for key bank stress test results in the hope they will shed some light at the end of the debt tunnel.
- Asia Roundup: Mixed in cautious trading Friday, July 15, 2011 @ 5:04PMHONG KONG: Asian markets were mixed yesterday as dealers bought back cheap stocks after a week of heavy selling, although trading remained cautious amid fears of a debt default by the US.
- AM Doha Time Friday, July 15, 2011 @ 4:20PMThe MSCI Asia Pacific Index fell 0.01 point, or less than 0.1%, to 135.69 in Tokyo. About five stocks rose for every four that fell.
- Joy Global Doesn’t Plan Share Sale to Fund China Deal, CEO Says Friday, July 15, 2011 @ 3:00PMJoy Global Inc., the maker of P&H and Joy mining equipment, said it doesn’t plan to sell shares to finance its purchase of China’s International Mining Machinery Holdings Ltd.
- IVD Acquisition Corp. Commences Tender Offer for All Shares of Immucor Friday, July 15, 2011 @ 2:37PMPreviously Announced Offer Price of $27.00 per Share in CashNORCROSS, Ga. and FORT WORTH, Texas -- I...
- China Urges U.S. to Take Responsible Action on Debt Thursday, July 14, 2011 @ 6:40AMWith U.S. policy makers locked in tense negotiations over the federal debt limit, China said it hoped the American government would adopt
- Stock Futures Edge Up on JPMorgan Beat Thursday, July 14, 2011 @ 6:33AMStock futures were pointing to a slightly higher open Thursday as investors cheered better-than-expected results from from JPMorgan Chase and awaited the latest data on the labor market. Futures for the Dow Jones Industrial Average were up by 24 points, or 17 points above fair value at 12,449. Futures for the S&P 500 were higher by 5 points, or 3 points above fair value, at 1317, and Nasdaq ...
- Marriott International Reports Second Quarter 2011 Net Income of $135M Wednesday, July 13, 2011 @ 7:45PMSECOND QUARTER HIGHLIGHTS-- Diluted earnings per share (EPS) totaled $0.37, a 19 percent increase ov...
- Euro zone crisis weights on markets for 3rd day Wednesday, July 13, 2011 @ 7:36PMNEW YORK, Jul 12 (Reuters) Investors dumped the euro for a third day on Tuesday as moves by officials to stem the European debt crisis failed to allay concerns that the risk was spreading to Italy and Spain.
- Australia shares dip, David Jones profit alarm sinks retailers Wednesday, July 13, 2011 @ 7:21PMMARKETS-AUSTRALIA-STOCKS (UPDATE 1):Australia shares dip, David Jones profit alarm sinks retailers
- Sensex closes 309 points lower on grim global cues Tuesday, July 12, 2011 @ 6:57AMA benchmark index for Indian equities markets Tuesday slipped sharply to close 309 points lower as global markets grew jittery over fears that a debt crisis faced by some euro zone economies could spread to larger countries in the region.
- Iriver Surges Before Google Book-Reader Deal, Tumbles After Tuesday, July 12, 2011 @ 6:36AMIriver Ltd. surged the most in six months in Seoul trading hours before the company said it will offer the world’s first reader customized for Google Inc.’s electronic-book service. The shares erased those gains today.
- Asian stocks tumble on fresh eurozone fears Tuesday, July 12, 2011 @ 6:06AMAsian stock markets slumped on Tuesday, extending a global sell-off as fears grew that the eurozone debt crisis will spread, raising the prospect of a devastating default.
- French Market Declines Amid Debt Worries Tuesday, July 12, 2011 @ 5:20AMThe French market is notably lower in afternoon trading Tuesday, as fears about the spread of the soverign debt crisis continued to haunt markets in the region. Sentiment was impacted by weak cues from Asia/Pacific and the lower U.S. index futures.
- German Market Falls On Debt Worries Tuesday, July 12, 2011 @ 5:06AMThe German market is notably lower in afternoon trading Tuesday, as fears about the spread of the sovereign debt crisis continued to haunt markets in the region. Sentiment was impacted by weak cues from Asia/Pacific and the lower U.S. index futures.
- Kencana Rises to Record on $3.9 Billion Malaysia Oil Merger Tuesday, July 12, 2011 @ 5:06AMKencana Petroleum Bhd. rose to a record and SapuraCrest Petroleum Bhd. gained after announcing an 11.9 billion ringgit ($3.9 billion) merger plan to create Malaysia’s biggest listed oilfield services provider by assets.
- SapuraCrest, Kencana Rise to Record on $3.9 Billion Merger Monday, July 11, 2011 @ 10:52PMSapuraCrest Petroleum Bhd. and Kencana Petroleum Bhd. rose to a record after announcing an 11.9 billion ringgit ($3.9 billion) merger plan to create Malaysia’s biggest listed oilfield services provider by assets.
- Pre-market: Gap down opening seen, eye on Infosys Monday, July 11, 2011 @ 10:20PMMarkets are expected to post losses in opening trading following sell-off across global markets on reports that the sovereign-debt crisis may spread to Italy and Spain. The Nifty futures on the Singapore Exchange declined 74 points, at 5,545.
- External woes weigh on FBM KLCI Monday, July 11, 2011 @ 9:56PMKUALA LUMPUR: The FBM KLCI extended its losses on Tuesday, July 12 in line with the overnight fall at Wall...
- Iriver Surged Before Unveiling Google Book Reader, Tumbles After Monday, July 11, 2011 @ 9:51PMIriver Ltd. surged the most in six months in Seoul trading hours before the company said it will offer the world’s first reader fully customized to work with Google Inc.’s electronic-book service. The shares fell today.
- CCID Consulting: China’s COMPASS Navigation Satellite Industry to Go Nationwide Sunday, July 10, 2011 @ 10:57PMBEIJING--(BUSINESS WIRE)--In Oct. 2010, China’s State Council issued the Decision on Accelerating the Development of Strategic Emerging Industries (No.32 (2010) of the State Council), which clearly emphasized the acceleration of space infrastructure construction as well as the development of satellite and its application. The independent development of China’s own satellite navigation and ...
- Asian markets fall on weak US, China data Sunday, July 10, 2011 @ 9:41PMKUALA LUMPUR: Asian markets started the week of July 11 on a weaker note, following the dip at Wall Street...
- China Growth May Slow as Wen Faces Limited Scope to Respond Sunday, July 10, 2011 @ 9:07PMChina’s economy probably grew the least in almost two years last quarter, contributing to a global weakening that Premier Wen Jiabao confronts with more limited scope for policy response than during the 2008 world recession.
- Emaar Retail renews partnership with Standard Chartered Bank to strengthen customer engagement Saturday, July 9, 2011 @ 3:15AMDubai, UAE; July 9, 2011: Drawing on the success of attracting over 47 million eyeballs - equivalent to the number of visitors to The Dubai Mall The Dubai Mall in 2010 - Emaar Retail LLC, the provider of premium leisure and retail experiences in the region, has renewed its strategic partnership with Standard Chartered Bank to continue offering the benefit of value-added branding platforms and ...
- New PAMI mutual fund banks on Asian growth Friday, July 8, 2011 @ 7:51PMPHILAM Asset Management Inc. (PAMI) recently launched in Cebu its ninth mutual fund, PAMI Asia Balanced Fund Inc. (PABFI). A top official reported that since the launching of the newest fund early this year, PABFI has reached $13.5 million as Filipino investors slowly shift investments in fixed-income instruments to the equity market. read more
- Asian Stocks Gain for Third Week on Economy, Easing Europe Worry Friday, July 8, 2011 @ 7:23PMAsian stocks rose for a third week as exporters and energy producers gained amid easing concern over Europe’s debt crisis and the U.S. economic slowdown and after China raised interest rates, boosting the outlook for the country’s insurers.
