Wynn Resorts Chief Executive Officer Steve Wynn played down a U.S. regulatory inquiry into a company donation at the heart of a bitter legal battle embroiling his $15 billion casino empire, hitting back at his largest shareholder and accuser in a memo to employees.
The world's first yuan-denominated gold exchange-traded fund (ETF) made a weak debut on the Hong Kong stock exchange on Tuesday, but analysts said demand would likely pick up as investors became more familiar with the product.
Hong Kong shares rose on Tuesday with the Hang Seng Index streaking to its best January since 1996, but further upside is expected to be capped going into earnings season after several profit warnings from mainland companies.
Hong Kong shares snapped a six-session winning streak on Monday, dragged down by Chinese banks and developers, as investors took profits on some recent outperformers while waiting to see if there will be a Greek debt-swap deal that averts a default.
Hong Kong and Shanghai shares rose on Friday, achieving a second straight week of gains and managing to break above stubborn chart resistances on hopes of policy easing inChina and on stronger overseas markets.
Hong Kong shares held firm on Wednesday supported by short-covering and gains by insurers, even as markets in Shanghai gave up some of the previous session's strong gains as investors turned cautious ahead of the week-long Lunar New Year holiday.
China shares on Tuesday surged 4.2 percent, their biggest one-day gain in more than 27 months, after Beijing reported that the world's second-largest economy grew faster than expected in the last quarter of 2011, although at its weakest pace in 2-1/2 years.
Gold prices jumped Tuesday after China reported fourth-quarter gross domestic product grew more than expected.
After closing the book on a wild and nerve-wracking year, investors greeted the first trading day of the year with a wide rally Tuesday -- bidding up equities, commodities and other risky assets across the board.
Two of Hong Kong's biggest recent initial public offerings slumped in their trading debuts on Thursday, falling victim to weak investor demand that has pressured new listings in the once booming global IPO powerhouse.
Asian stocks plunged Friday, following overnight declines on Wall Street, after the European Central Bank gave no indication of more government bond buying.
Asian stocks mostly ended on a positive note Monday ahead of Franco-German summit in Paris aimed at halting contagion from Europe's growing debt crisis.
Asian shares rallied to two-week highs Thursday, building on strong global gains after the world's six major central banks moved to tame a liquidity crunch for European banks by providing cheaper dollar funding.
Gold prices fell Friday in what appeared to be their second straight weekly retreat in the face of a Eurozone crisis, which after two years has yet to be contained, let alone solved, and now threatens Europe's financial liquidity.
Alibaba.com, China's largest e-commerce firm, posted an 11.9 percent rise in quarterly net profit, its slowest growth in nearly two years, with the company raising concerns due to a weak trade outlook stemming from debt woes in Europe and the United States.
Asian stock markets ended lower on Wednesday, as concerns about Europe’s debt crisis offset better-than-expected reports on U.S. economy Tuesday.
Asian stock markets ended lower on Tuesday, as increased borrowing costs for Italy and Spain prompted fresh concerns that Europe could struggle to contain its debt crisis.
Asian shares fell on Tuesday, as a rise in euro zone bond yields reflected lingering doubts about the ability of politicians in Italy and Greece to push through painful reforms to resolve their debt crises and win market confidence.
High-end Chinese fashion retailer Ports Design Ltd said on Monday that it is on track to achieve its 10 percent network expansion target for 2011.
Asian stocks fell around 3 percent on Thursday after soaring Italian borrowing costs stoked fears that the debt crisis in the euro zone's third biggest economy will overwhelm its financial defenses, raising the risk of a break-up of the currency area.
Asian stocks fell sharply Thursday after soaring Italian borrowing costs stoked fears the debt crisis in the euro zone's third biggest economy will overwhelm its financial defenses, raising the risk of a break-up of the currency area.
European shares looked set to follow Asian equities higher Wednesday and the euro steadied after Italian Prime Minister Silvio Berlusconi said he would resign, raising hopes the debt-ridden country would proceed with reforms that may keep Europe's debt crisis from spreading.
