Hong Kong

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Hong Kong luxury house fetches near-record price

AFP Asian Edition yesterday

A Hong Kong listed company said Wednesday it will buy a luxury house for a near-record price in the city, a month after the government introduced measures to cool the city's property market. Sino-tech International Holdings, an electronics components maker, said it ...

Blackstone in $600 million China agricultural deal: sources

Reuters US Online Report Business News yesterday

HONG KONG/SHANGHAI (Reuters) - A consortium led by Blackstone Group has agreed to invest about $600 million in a Chinese agricultural company ahead of its planned Hong Kong listing, sources with knowledge of the deal said on Wednesday. China Shouguang Agricultural Product ...

Hong Kong UN Saving Species

AP News 2 days ago

In this March 8, 2010 photo, a woman walks past shark fins displayed in a glass case at a dried seafood shop in Hong Kong. A U.N. body best known for protecting tigers and elephants will take aim at the world's overfished ...

Bordeaux vintners look to Asia to drain cellars

AFP Global Edition 2 days ago

Hong Kong has emerged as the fastest growing wine hub while China's seemingly unquenchable thirst for wine has ousted the United States as Bordeaux's number one client outside Europe. "Bordeaux holds a special place in China," said Don St. Pierre Jr., chief ...

China tightening fears send Asian markets lower

AFP Global Edition 3 days ago

Speculation that China will take more steps to cool its economy hit sentiment in Asia Monday, with Shanghai and Hong Kong lower as risk-averse investors stayed on the sidelines. Trade was relatively quiet ahead of meetings this week by eurozone finance ministers ...

Chinese automaker BYD plans massive expansion

AFP Global Edition 3 days ago

Chinese automaker BYD Co. said Monday it had massive expansion plans this year and would consider building a plant in the United States, a day after announcing annual profits had tripled. The company, which has the backing of American billionaire Warren Buffett, ...

Hong Kong airport's business back to pre-crisis levels

AFP Asian Edition 4 days ago

Hong Kong airport's passenger and cargo business has bounced back to levels seen before the global financial crisis hammered the aviation industry, the city's airport authority said Sunday. Crediting a surge in travel during last month's Lunar New Year holiday, the authority ...

Air China to raise over $950 mln in share issue

AFP Global Edition 6 days ago

Shares in Air China rose Friday after the nation's flag carrier said it plans to raise more than 950 million dollars through a private share placement to boost capital and lower financing costs. Air China, the country's second largest airline by fleet ...

Lee Chong Wei secures badminton quarter-final berth

AFP Global Edition 7 days ago

Malaysia's Lee Chong Wei beat Sony Dwi of Indonesia on Thursday to become the first player to book their place in the quarter-finals of the men's singles at the All-England Open. The world number one from Malaysia came through 21-11, 21-17 against ...

Taiwan aims to rule on AIG unit's deal by June

AFP Asian Edition 7 days ago

Taiwan aims to make a decision by the end of June on the controversial sale of the local unit of American International Group (AIG) to a Hong Kong consortium, a top economic official said Thursday. Deputy economic minister Hwang Jung-chiou also told ...

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