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Business - Page 819

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HK shares end up; financials, Cheung Kong lift index

Hong Kong stocks rose on Friday for a fourth successive session, posting a 2.5% gain on the week as momentum in financial issues helped lift the broader market. The benchmark Hang Seng

14th January 2011
Business

Nikkei drops; options settlement spurs profit-taking

Japan's Nikkei stock average fell 0.9% and away from 8-month highs on Friday, after a surprisingly weak settlement of options for January and a stronger yen against the dollar triggered profit-taking. The

14th January 2011
Business

IMF official says “scepticism” about euro debt remains

The euro zone has not yet convinced investors its debt position is sustainable and further contagion could harm global economic recovery, a senior IMF official was quoted as saying. In an interview

14th January 2011
Business

Financials lift HK shares, Shanghai slips on rate fears

Chinese shares had eased by midday Friday as talk of interest rate increases and further policy tightening by Beijing kept investors on the back foot despite some analysts saying the chances of

14th January 2011
Business

Japan PM changes cabinet but rough road ahead

Japan's prime minister appointed a fiscal hawk to a key post and replaced his deputy in a cabinet revamp on Friday to cope with a divided parliament and tackle reforms to rein

14th January 2011
Business

Cruise industry buoyed for banner year in 2011

Up to 16 mln people are expected to take cruises this year, an increase of 6.6% over 2010, with Europe, the Caribbean and Alaska among the top destinations. "We are very bullish

14th January 2011
Business

European shares slip back from 28-month highs

European shares slipped back from 28-month highs on Thursday, ahead of interest rate decisions at central banks but after a successful Spanish bond auction, In early trading, the FTSEurofirst 300 index of

13th January 2011
Business

World stocks at new 28-month high, euro firm

World stocks climbed to a new 28-month high despite weakness in Europe on Thursday while the euro held on to the previous session's gains ahead of key debt auctions in Spain and

13th January 2011
Business

ECB to face debt crisis, inflation grilling

The European Central Bank is expected to give few clues on its bond buying plans on Thursday, instead pressing governments to do more to tackle the euro debt crisis while it stands

13th January 2011
Business

HK stocks rise as financials play catch-up, turnover up

Hong Kong shares ended higher on Thursday, extending their gain for the week to more than 5% as broad buying of large caps, in particular technology and laggard financial issues, by funds

13th January 2011
Business
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