Latest Hong Kong HKEX Stock Market News
U.S. electric guitar maker Fender picks Japan for first-ever store
Fender's flagship store in Tokyo will sell electric, acoustic and bass guitars, along with equipment such as amplifiers and effects pedals. (Photo courtesy of the company)AKIRA KITADO, Nikkei staff [more]
India’s Tata Group signs $1.6b EV battery plant deal
India's Tata Group signed an outline deal on Friday on building a lithium-ion cell factory, based on an investment of about 130 billion rupees ($1.58 [more]
Money is no object as investors swept by AI frenzy in China
In February, shortly after OpenAI's ChatGPT took the tech world by storm, a series of posts by high-profile Chinese entrepreneur Wang Huiwen went viral on [more]
Indonesian movie chain Cinema XXI eyes up to $300m in IPO
Jakarta-based PT Nusantara Sejahtera Raya, which owns the country's largest cinema chain, Cinema XXI, is said to raise up to $300 million in its initial [more]
Chinese factory city finds second life as BBQ boomtown
ZIBO, China -- The city of Zibo was once an obscure factory town in eastern China, and not much of a tourist destination, until cheap [more]
High-end imitation crab offers savor and succulence, not shells
KANAZAWA/NIIGATA, Japan -- Crab is a delicacy enjoyed in winter in Japan, but imitation crab sticks made from fish, surimi or kanikama is mostly sold [more]
On topic: Why Japanese stocks are booming
The Japanese stock market is attracting attention from around the world, including that of veteran investor Warren Buffett, as its benchmark index surges to a [more]
Work from home is here to stay and will reverse PC sales slump, Acer CEO says
Acer chairman and CEO Jason Chen says a surge in sales during the pandemic means more PCs than before will need to be replaced during [more]
AI sector a bright spot in tough jobs market for China’s graduates
Job offers for graduates with degrees in large language models and related areas of AI have surged, according to Liepin report. Read More
What next for HSBC after preventing Ping An from carving up top Hong Kong lender
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Wall Street ends up on jobs data, debt default averted
(Reuters) -- U.S. stocks closed higher on Friday after a labor market report showing moderating wage growth in May indicated the Federal Reserve may skip [more]
Gov’t to widen scope of eligible civil service job applicants
Photo by Airam Dato-on for UnsplashDepartments would also consider undergraduates in expanding their pool of candidates.The city government would expand the range of eligible applicants [more]
Hong Kong posts $34.8b deficit in April
Its expenditure is at $69.6b, whilst its revenue was $34.8b.The Government of Hong Kong recorded a deficit of $34.8b in the first month of the [more]
How are China-Australia trade relations faring after 3 years of ups and downs?
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As the global balance sheet shows, quick gains are costing us our future
US House Speaker Kevin McCarthy announces a debt ceiling deal to avoid a historic US default, in the Capitol in Washington on Wednesday. One defect [more]
Eisai eyes low-cost supplies of Alzheimer’s drug in SE Asia, India
TOKYO -- Japan's Eisai is planning ways to get its new Alzheimer's drug lecanemab to low-income patients in emerging economies, tapping sustainability-linked loans as early [more]
Western ‘de-risking’ from China without decoupling makes little sense
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Amazon’s India, South Asia cloud unit head quits
The India and South Asia head of Amazon.com Inc's cloud division, Puneet Chandok, has resigned with effect from August 31, the company said on Friday.Chandok [more]
China’s Yingke Biopharmaceutical bags $42.4m in Series B round
Yingke Biopharmaceutical has raised 300 million yuan ($42.4 million) in a Series B round led by Hong Kong-listed China Life Insurance's private equity arm as [more]
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Record number of Japanese companies face shareholder proposals
TOKYO -- Tensions at company shareholder meetings are on the rise, with a record number of listed companies in Japan receiving proposals from shareholders pressing for [more]
Estee Lauder, Vale and Qualcomm among losers from slow China recovery
TOKYO -- Shares in companies doing business in China that had been bolstered by hopes of a post-zero-COVID boom in the world's second-largest economy are [more]
Asia Digest: KKR-backed GenesisCare files for bankruptcy; OkayKer bags seed funding
KKR-backed Australian cancer treatment firm GenesisCare has filed for bankruptcy in the US. In a separate development, OkayKer, a tech-enabled platform for car spares and [more]
Nidec launches probe into excess dividends but won’t claw them back
KYOTO, Japan -- Nidec paid shareholders more than it was supposed to in dividends and conducted a share buyback that also exceeded the distributable amount, [more]
People Digest: Keppel DC REIT gets new CEO; BDA ropes in China healthcare head
Keppel DC REIT Management has appointed Loh Hwee Long as its CEO. In a separate development, BDA Partners has roped in Sophia Wu as Managing [more]