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    News and Articles on Hong Kong

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    Asian Stocks Decline on Signs Global Recession Is Deepening; BHP Slumps  Dec 1, 2008
    which sells luxury cars in Hong Kong, motorcycles in China and homes across Malaysia, tumbled 12 percent in Kuala Lumpur after slashing its profit forecast ... Hong Kongs Hang Seng Index climbed 2 percent, led by Sun Hung Kai Properties Ltd., which sold more than 500 apartments at two new projects over the weekend ... Hong Kongs biggest carrier cut back growth plans for next year and offered employees unpaid leave as travel demand declines. (Bloomberg -- Asia)

    Chinese Manufacturing Contracts by Record, Adds to Risk of Economic Slump  Dec 1, 2008
    Its a very challenging time for policy makers -- they definitely need to do more in terms of fiscal and monetary stimulus, said , an economist at JPMorgan Chase & Co. in Hong Kong ... To contact the reporter on this story: in Hong Kong at. (Bloomberg -- Asia)

    abas ERP Helps to Speed Up Winly  Dec 1, 2008
    HONG KONG, Dec. 1 /PRNewswire-Asia/ -- ABAS Business Solutions (PRC) Ltd. (hereafter ABAS-PRC) announced today that the Company's abas ERP system has been successfully implemented by Winly Automotive (Shenzhen) Limited (hereafter Winly) ... ABAS Business Solutions (PRC) Ltd. was founded in 2003 in Hong Kong and branches in Shenzhen & Shanghai. (PR Newswire)

    Bond Risk Rises on China Manufacturing Slump, US Retail Sales  Dec 1, 2008
    5 basis points to 365 at 9:43 a.m. in Hong Kong ... We start the week with the flight-to-safety trade retaining momentum, said , head of Asia credit research at BNP Paribas SA in Hong Kong ... To contact the reporters on this story: in Hong Kong at ; in Tokyo at. (Bloomberg)

    Global recession pummels Asia factories; demand fades  Dec 1, 2008
    "The global slowdown is impacting Asian countries through slowing external trade and capital flows, and Korea is getting hurt on both sides," said Sebastien Barbe, senior economist with Calyon in Hong Kong. Central banks around the world have had to get increasingly aggressive to offset the endemic lack of confidence in the banking system. (India Times)

    HK shares turn higher as developers gain  Dec 1, 2008
    HONG KONG: Hong Kong shares reversed course to rise nearly 2 per cent on Monday, as investors snapped up shaers of Sun Hung Kai Properties after the developer reported brisk sales last week ... Sun Hung Kai jumped 5 per cent. The company reported last week that it sold all of its first batch of luxury units at Shatin, in Hong Kong's new territories. (India Times)

    Hong Kong shares end morning up 2.1%  Dec 1, 2008
    Hong Kong shares end morning up 2 ... Hong Kong shares end morning up 2 ... HONG KONG: Hong Kong share prices ended the morning 2. (India Times)

    A Singapore ad man in New York  Dec 1, 2008
    "It's a big deal," said Atifa Hargrave-Silk, editor of Media magazine, a trade publication based in Hong Kong. "It shows how perceptions of Asia have changed.". (International Herald Tribune -- Technology)

    Gome's Going?  Dec 1, 2008
    Trade in Gome's Hong Kong-listed shares has been suspended since Monday following reports that Wong-- in October on our list of people, with a fortune of $2 ... 3 billion Hong Kong dollars ($1 ... Chen's firm was one of the first domestic retailers to attract foreign private equity money (from Morgan Stanley), and it went public in Hong Kong in 2004. (Forbes -- Markets)

    Asian Funding Costs Rise as Banks Hoard Cash Amid Recessions  Dec 1, 2008
    Hong Kongs equivalent rate, , rose 9 basis points to 2 ... Hong Kong, Australia ... The Hong Kong Monetary Authority added HK$775 million ($100 million) on Nov. 28 in New York trading hours to prevent the citys currency from strengthening beyond the fixed exchange-rate band. (Bloomberg)

    * Despite downturn, Asia remains good investment spot  Dec 1, 2008
    Established in 1983, Aberdeen has Asian offices in Singapore, Australia, Hong Kong, Malaysia, Thailand, Japan, South Korea and China. This story has been viewed 237 times. (Taipei Times, Taiwan -- World)

    * MUMBAI ATTACKS: Pakistan in two minds over attacks  Dec 1, 2008
    Meanwhile, the Pakistani prime minister canceled a trip to Hong Kong to concentrate on addressing growing tensions with India after the Mumbai terror attacks, officials said. Gilani was due to attend the Clinton Global Initiative summit tomorrow and Wednesday but an official from his office said he would instead deal with Indian allegations that terrorists who killed 195 people in its financial hub came from Pakistan. (Taipei Times, Taiwan -- World)

    Macquarie Group sees opportunity in funds sector  Dec 1, 2008
    "We think we've got to build out our business now - take advantage of things when they move up or stabilize," said Harry Krkalo, who is moving from Singapore to Hong Kong to head the firm's retail sales operation in Asia. The expansion comes as Macquarie is shedding jobs elsewhere. (International Herald Tribune -- Business)

    Grand Power Reports Third Quarter Results  Dec 1, 2008
    CALGARY, ALBERTA and HONG KONG, CHINA--(Marketwire - Dec. 1, 2008) - Grand Power Logistics Group Inc. (TSX VENTURE: - ; "Grand Power" or the "Company") today announced its consolidated financial results for the third quarter and nine months ended September 30, 2008. These results include the operating results of Grand Power's wholly owned subsidiary, Grand Power Express International Limited of Hong Kong ("GP Express") ... 2 million of revenues for the third quarter were generated from the... (CCNMatthews Press Releases)

    Report: China blocks Japan-flavored Taiwan film  Dec 1, 2008
    HONG KONG China has reversed its decision to import a hit Taiwanese film that highlights Japan's 50-year colonial rule over the island because it may be offensive to nationalist sentiment on the Chinese mainland, news reports said. "Cape No. 7" is Taiwan's most successful movie in years, earning more than $6. (Atlanta Journal-Constitution -- Business)

    Rumours rife as Fortescue shares spike  Dec 1, 2008
    A Hong Kong newspaper reported last month that the two companies had been in talks. "It is noted that the company does, from time to time, hold discussions with industry entities regarding product supply and investment opportunities, which are confidential in nature, and there are none that are progressed to a level that could be considered complete," Fortescue said in a statement on Monday. (Sydney Morning Herald -- Business)

    Report: Beijing is China's most innovative city  Dec 1, 2008
    Shanghai, the business and financial center, and Shenzhen, which borders Hong Kong, ranked second and third on the list, ahead of Guangzhou, Tianjin and Chongqing. Cheng Andong, the institute's executive director, said cities, which generate 70 percent of gross domestic product and are home to over 90 percent universities and research agencies, play a key role in building China into an innovative country. (Xinhuanet, China)

    FDA finds more traces of melamine in...  Dec 1, 2008
    A spokeswoman for the Atlanta, Georgia-based International Formula Council, a trade group, said she had not seen the data, but was encouraged that the quantity found was below levels deemed safe in infants by the governments of China, Malaysia, the Philippines, Hong Kong, Canada and New Zealand. "Apparently these trace levels can be found in lots of food," said spokeswoman Mardi Mountford. (CNN -- Law)

    Tunnel vision  Nov 30, 2008
    By Vaudine England BBC News, Hong Kong ... The journey to the East goes well as far as China, and the upgrading of tracks - sometimes with high-speed trains - is easing passage as far as Hong Kong. (BBC News)

    China holds horse betting trial run  Nov 30, 2008
    Horse racing is extremely popular in Hong Kong, a special administrative region of China that has its own political and legal system. It is the only form of legal gambling there, run by the Jockey Club. (San Francisco Chronicle -- Business)

    Pakistan rallies support as tension with India rises  Nov 30, 2008
    Gilani had cancelled a trip to Hong Kong, an official said. Foreign Minister Shah Mehmood Qureshi spoke by telephone to the foreign ministers of China and the United Arab Emirates as well as European Union foreign policy chief Javier Solana, and told them Pakistan had promised all help to India. (Reuters India)

    * MOFA rejects Kinmens appeal for new visa office  Nov 30, 2008
    The Executive Yuan expanded the three small links in June, allowing residents from Taiwan and foreign passengers, including those from Hong Kong and Macau, to travel between the two sides of the Taiwan Strait using the route ... From July to last month, 2,320 foreigners X including those from Hong Kong and Macau X traveled between Taiwan and China via the three small links, statistics compiled by the countys tourism bureau showed. (Taipei Times, Taiwan -- World)

    * Asian stocks get a boost from stimulus spending  Nov 30, 2008
    CATALYST: The MSCI Asia-Pacific Index this week posted its second-best gain this year, fueled by Chinas will to support its economy, analysts said BLOOMBERG AND AFP, HONG KONG Sunday, Nov 30, 2008, Page 10. Asian stocks had their second-best week this year after China slashed interest rates, spurring speculation government measures will pull the global economy out of recession and boost demand. (Taipei Times, Taiwan -- World)

    Nicol challenges team-mates to deliver  Nov 30, 2008
    She even scored an upset win over world No. 14 Rebecca Chiu of Hong Kong in the final of the NSC Satellite No. 2 in August ... Defending champions England are in Group A with France, Hong Kong, Spain and Austria while hosts Egypt, who finished as runners-up in 2006, are in Group B with Australia, Canada, Japan and Switzerland. (The Star Online, Malaysia -- Sports)

    Ankle injury a big worry for doubles ace Eei Hui  Nov 30, 2008
    KUALA LUMPUR: National doubles shuttler Chin Eei Hui (pic) will head straight for treatment on her ankle when she returns home from the Hong Kong Open. Yesterday, Eei Hui and Wong Pei Tty failed to make their fourth consecutive final appearance in a Super Series when they crashed 13-21, 9-21 to China s Zhang Yawen-Zhao Tingting in the semi-finals. (The Star Online, Malaysia -- Sports)

    Growing world wheat stocks main market driving force  Nov 30, 2008
    Increases reported for China (788,700 MT, including 165,000 MT switched from unknown destinations), unknown destinations (380,000 MT), Japan (77,300 MT), the Netherlands (65,300 MT), Hong Kong (55,000 MT), and Mexico (50,600 MT), were partially offset by decreases for Egypt (33,600 MT), Italy (20,000 MT), and Colombia (14,400 MT). In an unprecedented move, the USDA issued a revised October supply/demand report. (Great Falls Prairie Star, MT)

    Some 34 Thai anti-government protestors at Government House were injured in a grenade explosion here early on Sunday, local TV reports said.• Charter planes to take stranded Chinese tourists home  Nov 30, 2008
    They had to drive to Phuket island, more than 1,000 km south of Bangkok, to be flown to Hong Kong and then the Chinese mainland ... The total of stranded Chinese, including those from Chinese mainland, Hong Kong, Macao, was estimated at about 4,000, according to the Chinese Embassy here. (Xinhuanet, China)

    Betting on horse races back on Chinese mainland  Nov 30, 2008
    "The equipment and supporting facilities in the racecourse is not inferior to those in Hong Kong," said Wang Wenjin, assistant to the general manger of the Orient Lucky City Club. "The only difference is the course in Hong Kong is made of grass while the one in Wuhan is sand.". (Xinhuanet, China)

    Stranded Chinese return to Shanghai from Thailand  Nov 30, 2008
    They had to drive to Phuket island, more than 1,000 km south of Bangkok, to be flown to Hong Kong and then the Chinese mainland. (Xinhua Photo). (Xinhuanet, China)

    The Liberation of Jet Li  Nov 30, 2008
    This month he is set to appear at a Clinton Global Initiative meeting in Hong Kong. "Philanthropy is my passion and my life now," he says. (Time.com)

    Korean Won Leads Gain in Asia Currencies This Week; Rupiah, Baht Decline  Nov 29, 2008
    Risk appetite is improving slightly, said , Hong Kong-based global head of foreign-exchange strategy at Calyon, a unit of Frances Credit Agricole SA. The trend is still downwards for Asian currencies going into next year. There are still dollar demand and growth concerns. (Bloomberg -- Asia)

    Trading of China Eastern Airlines Corporation Limited in Hong Kong, Shanghai and New York is Suspended  Nov 29, 2008
    HONG KONG, Nov. 28 /PRNewswire-FirstCall/ -- China Eastern Airlines Corporation Limited (the "Company"; NYSE "CEA"; SEHK " 0670"; SSE "600115"), announces that, following a request made by the Company to the Stock Exchange of Hong Kong Limited, trading in its H shares has been suspended with effect from 9:30 a.m. on November 27, 2008 pending the release of an announcement, the nature of which was price-sensitive ... The Company successfully offered its American Depositary Shares ("ADSs"), H... (PR Newswire)

    CCID Consulting Discusses China's Medical Equipment Market  Nov 29, 2008
    BEIJING, Nov. 28 /PRNewswire-Asia/ -- CCID Consulting, China's leading research, consulting and IT outsourcing service provider, and the first Chinese consulting firm listed in Hong Kong (Hong Kong Stock Exchange: HK08235), recently released its article on China's medical RF equipment market ... CCID Consulting Co., Ltd. (hereinafter known as CCID Consulting), the first Chinese consulting firm listed in the Growth Enterprise Market of the Stock Exchange (GEM) of Hong Kong (stock code: 8235. (PR Newswire)

    Spain moves ahead in World Cup of Golf  Nov 29, 2008
    The 44-year-old Jimenez and Larrazabal were relaxed throughout the round at the Mission Hills Golf Club, located on the mainland about a 45-minute drive from Hong Kong. The round was played on a course designed by Spaniard Jose Maria Olazabal - one of 12 courses on the sprawling golf estate. (MSNBC -- Sports)

    * Johnny Neihu's News Watch: Can Taiwan create a Dark Knight?  Nov 29, 2008
    Every year a few superstars from Hong Kong are invited over to show off their Mandarin and allow Big China people to pretend that were all one big happy family ... I say that the Hong Kong sequence in The Dark Knight was more than sufficient for the film to qualify for the Showers. (Taipei Times, Taiwan -- World)

    Squash: Sharons fifth outing in world team tourney wont be her last  Nov 29, 2008
    Defending champions England are in Group A with France, Hong Kong, Spain and Austria. Group B comprises Egypt, Australia, Canada, Japan and Switzerland. (The Star Online, Malaysia)

    Cathay takes steps to address slowdown  Nov 29, 2008
    Cathay, based in Hong Kong, said it would slow the growth of its passenger capacity next year - earlier planned at 6 percent to 7 percent - to less than 1 percent ... 8 billion Hong Kong dollars, or $619 million - which had been scheduled to begin operation in 2011. (International Herald Tribune -- Business)

    PolyU Gears Up for Sino-Russian Interplanetary Space Mission  Nov 29, 2008
    Hong Kong, Hong Kong (PRWEB) November 29, 2008 -- The Hong Kong Polytechnic University (PolyU) is working closely with the well-established Russian Space Agency in designing a state-of-the-art space tool which will be carried onboard a Russian spacecraft for the Red Planet in the 2009 Sino-Russian Space Mission -- the first strategic interplanetary collaboration between China and Russia ... The Hong Kong Polytechnic University Arthur Chan (852) 2766 4230 Trackback URL: http://prweb ... The Hong... (Yahoo News -- Press Releases)

    Taufik to face Lin Dan in semis  Nov 29, 2008
    Taufik Hidayat will battle against his perennial Chinese foe Lin Dan in the semifinals of the US$250,000 Hong Kong Super Series badminton tournament on Saturday. The Athens Olympic gold medalist booked his place in the top four after beating Hong Kong's Wong Wing Ki 21-15, 21-19 in a quarterfinal match at the Queen Elizabeth Stadium, according to the tournament's official website, www ... Lin has won six out of nine games against Taufik, including in last year's Hong Kong Super Series. (Jakarta Post, Indonesia -- Sports)

    MYOB sells US business, leaves China  Nov 29, 2008
    " MYOB officials said the overall effect of divesting its US interests would "align the predominantly US based Mac sales with a US based development team and move MYOB's financial commitment to this platform from a fixed annual development cost denominated in USD to a local currency, royalty stream paid on sales revenue from the regions. " CEO Tim Read said "In challenging economic circumstances, we believe it is prudent to place more effort and attention on markets where the company s position... (iTWire)

    China to send planes to bring back Chinese citizens stranded in Thailand  Nov 29, 2008
    Among the trapped foreigners are more than 1,000 Chinese citizens, including tourists from the Chinese mainland, Hong Kong, Macao and Taiwan. BEIJING, Nov. 27 (Xinhua) -- China expressed concern over the anti-government protest in Thailand during a routine press conference here Thursday. (Xinhuanet, China)

    'Super citizens'  Nov 29, 2008
    According to news reports, Hong Kong film star Jet Li holds US citizenship. And Zhang Ziyi, the star of kung fu movie Crouching Tiger Hidden Dragon, holds a Hong Kong residency card. (BBC News -- Asia-Pacific)

    Gome Replaces Chairman Huang, Says Company `Unconnected' With Police Probe  Nov 28, 2008
    Huang and Chief Financial Officer Zhou Ya Fei, who was also replaced, are being investigated for certain suspected economic crime, Gome said in a Hong Kong stock exchange filing ... Investors confidence in the company has vanished, said , an analyst at CSC Securities HK Ltd. in Hong Kong, who recommends selling Gomes stock ... Gomes shares have been suspended in Hong Kong since Nov. 24. (Bloomberg -- Asia)

    Asian Stocks Rise for Fourth Day as Governments Boost Growth; BHP Gains  Nov 28, 2008
    5 basis points to 365 at 12:45 p.m. in Hong Kong ... Chinese companies listed in Hong Kong also gained after BNP Paribas said investors should ``overweight'' such shares ... Demographics, rural land reform and healthcare spending bode well for China's gradual shift to a consumption-driven economy,'' , head of China and Hong Kong equities at BNP, wrote in a note to clients. (Bloomberg -- Asia)

    Indian Rupee, Stocks, Bonds Decline As Terrorist Attacks Hurt Confidence  Nov 28, 2008
    Its a fast-growing economy and we cant allow this kind of incident to sway our decisions regarding where we want to invest, Mobius, 72, said yesterday in a Bloomberg Television interview from Hong Kong. India will rise from this and prosper. (Bloomberg -- Asia)

    Tycoon under investigation, China says  Nov 28, 2008
    48 percent stake in Gome's listed unit, according to information from the Hong Kong Stock Exchange ... It suspended its shares from trading in Hong Kong as of Monday ... So far, there was no evidence of misappropriation of funds, Gome said in the notice to the Hong Kong Stock Exchange. (CNN -- International)

    Xinhua Finance Limited (TSE: 9399) Reports Its Results for the First Nine Months of 2008  Nov 28, 2008
    More Information: Media Contact Xinhua Finance Shanghai Ms. Joy Tsang Tel: +86-21-6113-5999 or +86-136-2179-1577 Email: IR Contact Xinhua Finance Hong Kong Mr. Charles Lau Tel: +852-3196-3779 Email. SOURCE Xinhua Finance Limited. (PR Newswire)

    iSoftStone Announces Edward Yang Joining as Vice Chairman of iSoftStone Inc.  Nov 28, 2008
    Prior to joining Cross Shore, Mr. Yang was an Operating Partner at ING Baring Private Equity in Hong Kong, from 2000 until 2005, where he was closely involved in managing the firm's investments in the Asia-Pacific region. Prior to joining EDS, Mr. Yang was the Senior Vice President for Wang Lab, responsible for the Company's operations in Asia-Pacific and the Americas(Canada and Latin America), during which time he brought offshore R&D and manufacturing to Asia and established the Company's... (PR Newswire)

    Golden Meditech Brings in Financial Investor Through New Share Issuance  Nov 28, 2008
    HONG KONG, Nov. 27 /PRNewswire-Asia-FirstCall/ -- China's leading integrated medical device and healthcare services provider, Golden Meditech Company Limited ("Golden Meditech" or "the Company", Stock Code: 8180 ... Golden Meditech: Founded in 2000 and listed on the Growth Enterprise Market of the Stock Exchange of Hong Kong Limited in December 2001, Golden Meditech is the first hi-tech medical device enterprise that went public outside of the PRC. During the past few years, thanks to its great... (PR Newswire)

    Markets Advance on Financial Stocks  Nov 28, 2008
    HONG KONG -- Most Asian markets advanced Friday, with Hong Kong and South Korean shares taking gains into a fourth straight session, paced by banks as investors snapped up beaten-down lenders such as Industrial Bank of Korea and HSBC Holdings ... In Hong Kong, the Hang Seng Index rose 2% to 13820 ... In Hong Kong, shares of Industrial & Commercial Bank of China, or ICBC, climbed 1. (Wall Street Journal)

    Five Chinese Nationals Rescued From Oberoi Hotel In Terror-hit Mumbai  Nov 28, 2008
    Two others, general manager for Hong Kong of the Chinese oil company Sinopec, and a chef of the Taj Hotel, who were rescued Thursday, are now in the consulate, according to Zhang. The five saved from the Oberoi were from Hong Kong and mainland China. (Bernama)

    * Economy flashes blue for a second consecutive month  Nov 28, 2008
    Shipments to China and Hong Kong fell 19. 9 percent to US$7. (Taipei Times, Taiwan -- World)

    Markets edge lower, hotel stocks plunge  Nov 28, 2008
    Key benchmark indices in Hong Kong, Japan, Taiwan and South Korea were up by between 0. 15% and 2. (NDTV.com)

    Badminton: Koo-Ng pull off major upset in Hong Kong  Nov 28, 2008
    KUALA LUMPUR: Shuttlers Koo Kien Keat-Ng Hui Lin pulled off a major upset in the second round of the mixed doubles competition at the Hong Kong Open yesterday to show that there is a future for Malaysia in this event. The duo took only 29 minutes to eliminate third seeds and world number four Anthony Clark-Donna Kellogg of England 21-18, 21-18 to qualify for their first quarter-finals in an international Open tournament. (The Star Online, Malaysia)

    Asian commodity stocks rise on stimulus measures  Nov 28, 2008
    The Hang Seng in Hong Kong added 176. 09, or 1. (International Herald Tribune -- Business)

    China dampers growth in airline industry  Nov 28, 2008
    China Eastern's shares were suspended from trade Thursday as it announced that its parent company was also applying for state aid, while Air China's Hong Kong-listed shares rose 16 cents, a surge of 9 ... 86 Hong Kong dollars, or 24 U.S. cents, in anticipation that it would benefit as well. (International Herald Tribune -- Business)

    Thai protesters reject call to cease airport blockades  Nov 28, 2008
    Protesters on Friday rejected a call by Prime Minister Somchai Wongsawat of Thailand to cease their blockades of Bangkok's two commercial airports, saying they would resist any efforts by police to dislodge them. " Somchai declared a state of emergency at the two airports Thursday and instructed the police and some military units to deal with protesters occupying the facilities. The order, announced in a nationally televised address, came after a cabinet meeting in the northern city of Chiang... (International Herald Tribune)

    Report: China tycoon allegedly manipulated shares  Nov 28, 2008
    The alleged problems with smaller appliance retailer Sanlian Commercial and with property developer Beijing Centergate Technologies reportedly are linked to a possible plan by Gome, whose shares are traded in Hong Kong, to seek a share listing on a mainland bourse. Sanlian Commercial's shares are traded in Shanghai, while Beijing Centergate's shares are traded in the smaller market in Shenzhen. (Atlanta Journal-Constitution -- Business)

    Lilyana helps partners into quarterfinals  Nov 28, 2008
    In-form Indonesian shuttler Lilyana Natsir gelled well with teammates Vita Marissa in the women's doubles, and Nova Widianto in the mixed doubles to earn herself two slots in the quarterfinals of the US$250,000 Hong Kong Super Series on Thursday ... In the men's singles, Indonesia's lone survivor, Taufik Hidayat, booked a meeting with Wong Wing Ki of Hong Kong in the quarterfinals after seeing off Yi Lu of China 21-16, 21-19 on Thursday. (Jakarta Post, Indonesia -- Sports)

    Cathay seeks to delay Boeing deliveries  Nov 28, 2008
    HONG KONG Cathay Pacific said on Friday it plans to delay the delivery of its Boeing aircraft, with list prices of about $9 ... Cathay Pacific said it would also defer construction of a new cargo terminal in Hong Kong and ask its cabin crews to take unpaid leave as it seeks to cut costs in the face of shrivelling demand ... Under Cathay Pacific's original schedule, the Hong Kong-based airline has orders for about 35 Boeing and will take delivery of around 10 each year in 2009, 2010 and 2011. (Globe and Mail -- Business)

    Censors' grip tight behind the headlines  Nov 28, 2008
    David Bandurski, a researcher at the University of Hong Kong's China Media Project, says analysts should have paid more attention to the detail of Hu's June speech ... Sacked southern editors have spread all across China's media landscape including to Hong Kong University's China Media Project, leading internet portal NetEase and also the Chinese versions of Esquire and Sports Illustrated magazines. (Sydney Morning Herald -- World)

    Asians endure a slow start in Mission Hills  Nov 28, 2008
    Chinese Taipei's Lin Wen-tang, winner of last week's Hong Kong Open, and veteran Lu Wen-teh carded a 68 which was matched by South Korea's Bae Sang-moon and Kim Kyung-tae while China's Liang Wenchong and Zhang Lianwei both found water on the last hole for a double bogey and signed for a disappointing 69. "It was tough to swallow. I think we could have done better than that. We'll take it as we're not badly placed," said Singh, winner of three tournaments in Asia, Japan and Europe this year. (Xinhuanet, China)

    H shares can be a good option for forex reserve  Nov 28, 2008
    As a matter of fact, another ideal destination for China to use its foreign reserves is back in Hong Kong's H-share market ... That has not only dealt a severe blow to the confidence of overseas investors in the H-share market, but has also deprived these Hong Kong-listed enterprises of a further financing function ... Not only listed in Hong Kong, these firms are also listed in Shanghai's A-share bourse and act as the market's weighted shares. (Xinhuanet, China)

    World economy shaky despite massive bank rescues  Nov 28, 2008
    "Individual governments and central banks may well need to countenance more support for banks in 2009, do even more to protect jobs and also to support industries deemed of national importance. Never let it be said that protectionism is dead!'' said Howard Wheeldon, senior strategist at BGC Partners. Meanwhile European stock markets closed higher Thursday in the wake of earlier gains in Asia and Wall Street's fourth consecutive rise on Wednesday, ahead of the Thanksgiving holiday. Indian markets... (The Star Online, Malaysia -- Business)

    Asia stocks rise as bargains sought  Nov 28, 2008
    HONG KONG: Asian stocks edged up in quiet trade on Friday, as investors sifted through the remains of a record sixth consecutive month of falls for global equity markets, hoping to find some bargains as 2008 winds down ... Hong Kong's Hang Seng index rose 2 percent, led by China Mobile, whose recent gains and been lower than the broader market ... "The outcome will likely be that domestic confidence remains subdued and, given the expected impact of the global recession, the baht will likely... (India Times, India)

    Saina, Arvind in quarters  Nov 28, 2008
    MUMBAI: Ace shuttler Aravind Bhat made his second straight Super Series quarter-final beating local guy Yan Kit Chan 21-14, 21-19 in 32 minutes in Hong Kong on Thursday. National champion Saina Nehwal, ranked 11th, also advanced to the last eight albeit with a scratchy 21-15, 12-21, 21-13 win over 62nd-ranked Korean qualifier Youn Joo Bae. (India Times, India)

    Gold dips on weaker oil  Nov 28, 2008
    "We are waiting for the outcome of the OPEC meeting and other economic news. I'd expect the market to hold around $808 to $818," said Ronald Leung, director of Lee Cheong Gold Dealers in Hong Kong, referring to the current tight range ... "Some analysts are still talking about gold exceeding $1,000 again. But if the market is really bullish, why can't it react to terror attacks in India?" asked a dealer in Hong Kong. (India Times, India)

    Many feared dead in air crash at Thai resort  Nov 27, 2008
    The British ambassador to Thailand was tonight on his way to the scene, as were three emergency response teams of Foreign Office officials, from London, Hong Kong and Bangkok. The British Honorary Consul in the region was at the scene. (Yahoo News -- Thailand)

    China's Interest Rate Cut to Squeeze Bank Margins Further, Analysts Say  Nov 27, 2008
    The scale of the cuts begs the question, , a Hong Kong-based analyst at Fox-Pitt Kelton Asia Ltd., wrote in a note today ... Net interest margins at the nations six largest banks with shares traded in Hong Kong will narrow by 12 basis points on average and profits will fall by 7. (Bloomberg -- Asia)

    India Halts Stock, Bond, Rupee Trading After Terror Attacks; Futures Drop  Nov 27, 2008
    The terrorist attacks are adding to the already quite fragile situation in India, which is seeing investors take money out of its stock market, said , a Hong Kong- based economist for Calyon. Among India-linked shares traded in Singapore, fell 8. (Bloomberg -- Asia)

    Asia.view: Too much or too little?  Nov 27, 2008
    This week Chris Patten, a former governor of Hong Kong, expressed fears in a BBC interview that China was offering a negative example of economic development without democracy. At least Indonesia the most populous country in South-East Asia is belatedly showing signs of becoming more democratic. (The Economist)

    Chinese workers riot, underscoring volatility amid financial woes  Nov 27, 2008
    Tempers began flaring Tuesday when the plant's Hong Kong owner, Kader Holdings Company Ltd., prepared to lay off 216 migrant workers at the factory that employs 6,500. About 80 senior workers claimed they were getting shortchanged on their severance pay, and they mobilized a mob of 500 - mostly other unemployed workers and friends, Guo said. (Boston Globe)

    Indian markets shut after attacks  Nov 27, 2008
    3% and the Hang Seng index in Hong Kong added 2. 7. (BBC News)

    eLong, Inc. Reports Third Quarter 2008 Unaudited Financial Results  Nov 27, 2008
    The dial-in number for Hong Kong participants is +852- 2258-4000 ... The toll-free number for U.S. callers is +1-800-395-8064; the Hong Kong dial in number is +852-2802- 5151, and the dial-in number for international callers is +1-203-369-4627. (PR Newswire)

    Hong Kong shares trim gains to under 1 pct  Nov 27, 2008
    HONG KONG, Nov 27 (Reuters) - Hong Kong shares pulled back from early highs on Thursday afternoon as investors locked in gains made on Chinese stocks following the country's most aggressive interest rate reductions in more than a decade. At 0715 GMT, the benchmark Hang Seng Index was 0. (Reuters)

    Pyongyang floats a border bluff  Nov 27, 2008
    Head Office: Unit B, 16/F, Li Dong Building, No. 9 Li Yuen Street East, Central, Hong Kong Thailand Bureau: 11/13 Petchkasem Road, Hua Hin, Prachuab Kirikhan, Thailand 77110. (Asia Times Online)

    RIOT AT TOY FACTORY...  Nov 27, 2008
    Tempers began flaring Tuesday when the plant's Hong Kong owner, Kader Holdings Company Ltd., prepared to lay off 216 migrant workers at the factory that employs 6,500 ... More closures will come in the next few months because of the global financial turbulence, said Lo Foo-cheung, vice president of The Chinese Manufacturers' Association of Hong Kong ... Associated Press writer Dikky Sinn in Hong Kong and researcher Zhao Liang in Beijing contributed to the report. (The Drudge Report)

    China slashes interest rates as panic spreads...  Nov 27, 2008
    "China is out to save itself here," said Patrick Bennett, an analyst with Societe Generale in Hong Kong. The PBOC reduced its main borrowing rate by 1. (The Drudge Report)

    Swedes favorites for World Cup of Golf  Nov 27, 2008
    "So to be part of this event - and it was maybe going down ... and maybe even try to grow it to something even more prestigious would be great,'' Karlsson said on the eve of Thursday's opening round at the Mission Hills Golf Club in southern China.The 28, two-man teams feature all of the game's top countries - Spain, England, Scotland, Australia, the United States - but few of its best players.Karlsson is ranked No. 6 and Stenson is No. 12. The only other player in the top 20 is Spain's Miguel... (MSNBC -- Sports)

    Asia Stocks up for 5th Day on Lower China Rates  Nov 27, 2008
    HONG KONG (Reuters) - Asia stocks rose for a fifth day on Thursday, helped by hopes that policymakers' efforts will ultimately prevail after China's big rate cut, though U.S. data provided an ominous reminder of the global slowdown. While investors cheered China's largest rate reduction since the Asian financial crisis, views on India, emerging Asia's other titan, darkened after militants killed at least 101 people and held foreigners hostage in the commercial capital Mumbai. (ABC News -- Wire)

    * China, India engines of growth: S&P  Nov 27, 2008
    Taiwan could outperform Australia, Hong Kong and New Zealand with a GDP growth of between 1. 8 percent and 2. (Taipei Times, Taiwan -- World)

    Trace of melamine found in 1 formula sample  Nov 27, 2008
    A spokeswoman for the Atlanta-based International Formula Council, a trade group, said she had not seen the data, but was encouraged that the quantity found was below levels deemed safe in infants by the governments of China, Malaysia, the Philippines, Hong Kong, Canada and New Zealand. Don't Miss. (CNN)

    Mew Choo crashes out yet again  Nov 27, 2008
    KUALA LUMPUR: Wong Mew Choo s (pic) misery in international tournaments continued when she crashed out in the first round of the Hong Kong Open yesterday ... Only the top eight players after the 12th leg and final leg of the Series in Hong Kong qualify for the Finals ... Julia Wong, Malaysian s other competitor in the women s singles, made it to the second round with a 21-16, 21-18 win over Ai Goto of Japan and she will take on second seed Zhou Mi of Hong Kong. (The Star Online, Malaysia -- Sports)

    Wee Wern to play in world meet  Nov 27, 2008
    Defending champions England are in Group A with France, Hong Kong, Spain and Austria while Group B comprises Egypt, Australia, Canada, Japan and Switzerland. Group C has New Zealand, Ireland, the United States, Italy and China. (The Star Online, Malaysia -- Sports)

    Old knee injury haunts Chong Wei at HK Open  Nov 27, 2008
    The world number one conceded a walkover to Germanys Marc Zwiebler in the first round of the Hong Kong Open yesterday and he would make a quick return home. Playing it safe: Chong Wei has pulled out of the Hong Kong Open and the National Grand Prix Finals due to a recurring knee injury ... My coach and I felt that it was best that I give this Hong Kong Open a miss, said Chong Wei in a telephone interview. (The Star Online, Malaysia -- Sports)

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