Hong Kong News
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Updated 1 hour ago
The euro weakened and German bunds gained, while U.S. stocks were little changed, as Spain raised its budget-deficit target for 2012 and German retail sales unexpectedly declined. Bond risk rose and oil declined.
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Updated 1 hour, 24 minutes ago
Investors are too bearish on Russian equities and should bet on a rally using options as Vladimir Putin will probably win the presidential election and implement reforms to stay in power, according to Societe Generale SA.
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Updated 1 hour, 17 minutes ago
The U.S. is in talks with 15 members of the World Trade Organization on a deal covering services after broader global negotiations stalled, an Obama administration official said.
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Updated 1 hour, 22 minutes ago
Hong Kong’s Securities and Futures Commission is forming a centralized unit to oversee risk management and planning of strategy in the city’s financial markets, the regulator said.
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Updated 23 minutes ago
China Mobile Ltd., the world’s biggest phone carrier by users, said Vice President Lu Xiangdong is aiding a probe into “financial-related issues.”
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The following companies may have unusual price changes in trading on March 5. Stock symbols are in parentheses, and share prices are as of the latest close. The information in each item was released after markets shut unless stated otherwise.
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BASF SE, the world’s biggest chemical maker, is considering opening an investment office in Beijing or Shanghai in the medium term as China begins to spawn its own technology startups.
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Italy’s budget deficit narrowed more than economists forecast last year as spending cuts and tax increases helped shore up public finances even as the economy slipped into recession.
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Updated 2 hours, 21 minutes ago
Sands China Ltd., the Hong Kong- listed casino operator controlled by billionaire Sheldon Adelson, reported profit that beat analysts’ estimates as Chinese tourists drove higher sales at Macau casinos.
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Hong Kong stocks rose after U.S. jobless claims fell and on signs Europe’s leaders will speed up the timetable for setting up a bailout fund to strengthen defenses against the debt crisis.
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