Hong Kong shares outperformed most Asian indexes to rise 1.1 percent at midday on Wednesday, helped by robust earnings from jewellery retailer Chow Tai Fook and nascent hopes for investor-friendly policy moves ahead of the 15th anniversary of Hong Kong's

Despite the fact that the Chinese government is approving more investments in hope that it could reflate the economy many including ourselves are not hugely impressed, particularly as the country has already been over investing. We noted that the

Reliance Industries Ltd (RIL) has bought back 3,18,08,300 shares at an average price of Rs 713.67 per share. An RIL statement on Wednesday said Rs 2,270.05 crore had been deployed as on June 26. RIL’s board had approved buyback of up to 12 crore shares

Share prices on Bursa Malaysia turned mixed at mid-morning today with the FTSE Bursa Malaysia KLCI (FBM KLCI) still in the black, supported by finance and palm-oil related counters, dealers said. At 11.38 am, the benchmark index improved 4.28 points to

Hong Kong's merchandise trade deficit narrowed more than economists expected in May, data released the Census and Statistics Department showed Tuesday. The trade deficit decreased to HK$35.566 billion in May from HK$42.873 billion in April. Economists

Snapping a two-day losing string, the Sensex on Tuesday advanced 24 points on buying in refinery stocks, spurred by lower oil prices. In choppy trade, the BSE benchmark index traded in a 130-point range before closing at 16,906.58, up 24.42 points. The

Japan's Nikkei share average slipped in early Wednesday trade as a slew of heavily weighted companies going ex-dividend weighed on the market, and on investor reluctance to buy ahead of an EU summit on Thursday to discuss measures to address the euro

Asian stocks swung between gains and losses after falling for four days ahead of the 19th summit on Europe’s debt crisis in three years. Declines were tempered by speculation the U.S. housing market is bottoming and that China may step up efforts to

Fitch Ratings has affirmed PT Bank Muamalat Indonesia Tbk's (BMI) National Long-Term Rating at 'A(idn)' with a Stable Outlook and its subordinated debt rating at 'BBB(idn)'. BMI's ratings reflects Fitch's view of a limited probability of state support,

Pos Malaysia has agreed an 80/20 joint venture deal with Bank Muamalat Malaysia to provide Shari’ah finance under the Ar-Rahnu system. The new company Pos Ar-Rahnu will offer Islamic pawn broking services in Malaysia’s network of more than 700 post

Germany's debt agency said Tuesday that it plans to increase its target for third quarter debt sales due to higher net borrowing requirement. "Due to the increase of the net borrowing requirement decided with the supplementary Federal budget, the Federal

Indian market indices ended the session on Tuesday with a gain of over 0.3 per cent on firm European cues. At 3.30 p.m., the 30-share BSE index Sensex was up 61.32 points or 0.36 per cent at 16,943.48 and the 50-share NSE index Nifty was up 16.2 points

The Nifty is witnessing a lackluster session due to subdued global peers and the lack of positive triggers. Gains in realty, oil & gas and healthcare stocks were offset by losses in FMCG, metals and technology. The market may be choppy in the next few