Archive for December 14th, 2016

Local bourses: shares fall

14-Dec-2016 Intellasia | VNA | 1:17 PM

Shares fell further on the two exchanges on December 13. The benchmark VN Index on the HCM Stock Exchange dropped 0.8 percent to close at 654.66 points, extending a two-day [...] » More

Business Briefs December 14

14-Dec-2016 Intellasia | | 1:15 PM

* Hang Xanh Motors Service Company (HAX) has floated an additional 3.1 million shares on the HCM City ex-change, raising its total outstanding volume to 14.2 million [...] » More

VNM drags VN Index down

14-Dec-2016 Intellasia | HNX | 1:15 PM

VNM decreased again today by 1.7 points from the VN Index. The VN Index decreased by 5.04 points (0.76 per cent) and the VN30-Index by 6.12 points (1 per cent). On the HNX, [...] » More

HK pro-democracy groups make record gains

HK pro-democracy groups make record gains

14-Dec-2016 Intellasia | BBC | 7:03 AM

Pro-democracy groups inHong Konghave made record gains on the Election Committee, which will decide the territory’s new leader. Amid a high turnout they have won more [...] » More

Fitch: Asean Banks’ Challenges Persist, Weighing on 2017 Outlook

14-Dec-2016 Intellasia | Reuters | 6:00 AM

Most of Asean’s banking sectors are likely to face weak loan demand and further pressure on asset quality in 2017. Fitch Ratings has maintained its negative banking [...] » More

ADB trims growth forecast for Asia due to slowdown in India

14-Dec-2016 Intellasia | AP | 6:00 AM

The Asian Development Bank on Tuesday trimmed its economic growth forecast this year for developing Asia to 5.6 percent. The revision was slightly below the previous [...] » More

Asian shares, dollar wobble as investors brace for Fed outcome

14-Dec-2016 Intellasia | Reuters | 6:00 AM

Asian shares and the dollar were on tenterhooks on Tuesday as the Federal Reserve prepared to review rates later in the day, with financial markets focused on how the Fed [...] » More

Asian stocks mixed following Wall Street losses

14-Dec-2016 Intellasia | AP | 6:00 AM

Asian stocks were mixed Tuesday following Wall Street’s declines while oil prices eased after two days of strong gains. KEEPING SCORE: The Shanghai Composite Index fell [...] » More

Asian banks provide 800 million euros in loans to Russia’s Gazprom

14-Dec-2016 Intellasia | Reuters | 6:00 AM

Japan’s Mizuho Bank, Sumitomo Mitsui Banking Corp and JPMorgan Chase & Co have provided 800 million euros ($848 million) in loans to Gazprom, the Russian gas giant [...] » More

Trump May Have Wrong Asian Currency in His Crosshairs

14-Dec-2016 Intellasia | Bloomberg | 6:00 AM

“The case for naming Taiwan a currency manipulator is far stronger than the case for naming China,” said Brad Setser, a senior fellow at the Council on Foreign [...] » More

HK’s Money Market Squeeze Sends Sell Signal on Stocks

14-Dec-2016 Intellasia | Bloomberg | 6:00 AM

As pressure in Hong Kong’s money market builds, the risks to the city’s equities and currency are mounting. Funding costs surged for an 11th day on Tuesday to a [...] » More

Finance Secretary John Tsang says he’ll think about running for Chief Executive in ‘coming days’

14-Dec-2016 Intellasia | Coconuts | 6:00 AM

John Tsang says he has to “think through” whether he should run for the Hong Kong government’s topmost position after resigning as Finance Secretary, a [...] » More

HK tightens entry norms for Indian visitors

14-Dec-2016 Intellasia | Indianexpress | 6:00 AM

Hong Kong has tightened the entry norms for Indian visitors and stipulated that they will be required to “successfully complete online pre-arrival registration” [...] » More

HK arrests 29 staff from five financial firms in bribery probe

14-Dec-2016 Intellasia | Reuters | 6:00 AM

Twenty-nine current and former staff of five financial firms, including four banks, have been arrested in Hong Kong for alleged bribery related to the disclosure of [...] » More

Lesson for Trump in HK: try to bounce China at your peril

14-Dec-2016 Intellasia | FT | 6:00 AM

CY Leung’s bitter experience illustrates diplomatic difficulties facing US president-elect CY Leung’s decision not to seek a second term as Hong Kong’s [...] » More