Asian stocks erased gains as Sun Hung Kai Properties Ltd. (16) led a decline in Hong Kong shares after a director of the world’s largest real estate company was arrested as part of a bribery investigation. Exporters rose as confidence among U.S. homebuilders improved.
Sun Hung Kai slipped 1.6 percent in Hong Kong following the arrest of Thomas Chan Kui-Yuen, an executive director at one of the company’s units, by the Independent Commission Against Corruption. Samsung Electronics Co. (005930), Asia’s biggest consumer- electronics maker, gained 1.1 percent in Seoul. LG Display Co. (034220), a manufacturer of liquid crystal displays that gets about 16 percent of its sales from the U.S., rose 1.4 percent.
Samba posts SR1.28bn net profit for 3rd Q 2014
Samba Financial Group, Saudi Arabia's second-largest listed bank, posted a net profit of SR 1.28 billion in the third quarter 2014 compared to a net profit of SR 1.17 billion in the same period last
Doha Bank net profit reaches QR 1.1 billion
Doha Bank disclosed the interim financial statements for the period ending September 30, 2014. The interim financial statements revealed a net profit of QR 1.1 billion for the nine months period end