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Asia stocks rise on slight improvement in US data

Asian Correspondent, Breaking News
Most Asian stock markets climbed Friday as investors took heart from a slight improvement in U.S. economic indicators amid lingering worries over the pace of the global economic recovery. But gains were modest across the region as investors took a wait-and-see stance ahead of closely-watched U.S. employment figures due out Friday.

Posted at 02:17 PM, Sep 03, 2010 READ MORE>


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Bye pirates, hello Northeast Passage

Elmer W. Cagape, Living in Hong Kong
Climate change may have delivered a solution to the risk faced by ships and crew passing through the waters of Gulf of Aden. A cargo ship bearing Hong Kong flag carrying 41,000 tons of iron ore will become part of maritime history as it sails from Norway to China through Russia's arctic passage instead of the pirate-infested Somalian waters.

Posted at 08:46 AM, Sep 03, 2010 READ MORE>


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US 'milkshake murder' convict seeks case dismissal

Asian Correspondent, Breaking News
The expatriate American housewife who won a retrial after being convicted of murdering of her banker husband in Hong Kong with a drugged milkshake and a blow to the head will ask a judge to dismiss the case against her, a lawyer said Thursday. Nancy Kissel was sentenced to life in prison after being convicted of murder in September 2005.

Posted at 04:18 PM, Sep 02, 2010 READ MORE>


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Hong Kong: Bodies of Manila bus victims mixed up

Asian Correspondent, Breaking News
Philippine authorities sent the bodies of three of the victims in the Manila bus hijacking to the wrong families, Hong Kong said Thursday, in the latest of a series of missteps in the handling of the crisis. The eight bodies were shipped back last Wednesday to Hong Kong, where tearful relatives laid wreaths on the coffins of their loved ones at the airport as officials stood in attention — but three families were paying their respects to the wrong bodies.

Posted at 04:03 PM, Sep 02, 2010 READ MORE>


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Asia stocks gain on brighter US manufacturing data

Asian Correspondent, Breaking News
Asian stock markets rose Thursday as investors hungry for good news seized on stronger U.S. manufacturing as a sign the world economy isn't slowing as much as feared. The second day of gains in the region follows a month of heavy selling amid jitters about the global recovery as figures from major economies suggested growth was faltering.

Posted at 01:38 PM, Sep 02, 2010 READ MORE>


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Obstacle course at Wan Chai pedestrian overpass

Elmer W. Cagape, Living in Hong Kong
Hong Kong is a crowded place. And within its habitable confines, people make the most out of any space available. Pedestrian walkways, for example, fit well for folks who distribute promotional materials: a steady stream of people, all-weather facilities and, most importantly, it's free. Businesses need only pay for the printed material and employ a group who have flair at stretching their arms and extending a piece of paper to a passers by. 


Posted at 09:03 AM, Sep 02, 2010 READ MORE>


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World stocks rise on China, Australia economy news

Asian Correspondent, Breaking News
World stock markets mostly gained Wednesday after Chinese manufacturing growth picked up and Australia's economy expanded at its fastest pace in three years. The two indicators are a break from a stream of weak economic readings from the U.S. to Japan that sent stock markets into a funk the past month as investors fretted about a slowing global recovery.

Posted at 04:58 PM, Sep 01, 2010 READ MORE>


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New Hong Kong top judge vows to defend rule of law

Asian Correspondent, Breaking News
Hong Kong's new top judge took office Wednesday vowing to defend the rule of law in this former British colony, where activists worry that the territory's semiautonomous status is eroding under Chinese rule. While Beijing resumed sovereignty over Hong Kong in 1997, it let this thriving financial hub retain its British-influenced political, economic and legal systems and Western-style civil liberties.

Posted at 03:59 PM, Sep 01, 2010 READ MORE>


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Asian shares bounce back after Wall Street rise

Asian Correspondent, Breaking News
Asian stock markets rose Wednesday, rebounding from losses as Australia's economic growth accelerated and Chinese manufacturing activity recovered in August. Japan's Nikkei 225 stock average added 0.5 percent to 8,869.74 after hitting a 16-month closing low the previous day. Ongoing worries about the strong yen kept trading cautious.

Posted at 11:34 AM, Sep 01, 2010 READ MORE>


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Hong Kong's lackluster secondary market

Asia Sentinel, Breaking News
Mammoth China listings keep Hong Kong's stock exchange leaders overly complacent, writes Michelle Price, Asia Sentinel. Agricultural Bank of China this month finally fulfilled the great expectations heaped upon it to become the world's largest-ever IPO, with a dual listing in Shanghai and Hong Kong raising a whopping $22.1billion.

Posted at 04:48 PM, Aug 31, 2010 READ MORE>


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Philippines counts cost of China's fury at deaths

Asian Correspondent, Breaking News
Tens of thousands of people have marched in Hong Kong to denounce the Philippines. Thousands of tourists canceled flight and hotel bookings. Two Chinese recipients of Asia's most prestigious award failed to show up for the Manila ceremony. After a violent hostage drama that killed eight tourists from Hong Kong, Asian powerhouse China is angry and the Philippines can do little to restore calm.

Posted at 01:34 PM, Aug 31, 2010 READ MORE>


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Asian stocks retreat as Nikkei slides 2.6 percent

Asian Correspondent, Breaking News
Asian markets lost ground Tuesday as a strong yen pummeled Japanese shares and after Wall Street fell amid pessimism about the U.S. economy. Japan's Nikkei 225 stock average led regional declines, down 236.93 points, or 2.6 percent to 8,912.33. Dragging on sentiment was the yen's advance — which erodes the earnings of Japan's vital exporters — and disappointment over the central bank's decision to ease monetary policy by expanding a low-interest low program.

Posted at 12:14 PM, Aug 31, 2010 READ MORE>


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