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March 2008
- Asian Markets Surge As Dollar Comes Back
  
  Bloomberg | Mar 19, 08 3:53 AM CDT
  
  (Newser) - Stocks in Asia had their best day in a month as investors reacted to the Fed's 75-point rate cut and a top Chinese company announced higher-than-expected earnings. The Nikkei climbed 2.5%, with financial stocks leading gains, reports Bloomberg. Companies with substantial business in America also did well—Canon jumped 6.3%, Nintendo 5%—as the dollar made its biggest gain against the yen in almost a decade, pushing back above ¥100. More »
- Tokyo Recovers, Shanghai Falls Again
  
  Bloomberg | Mar 18, 08 3:30 AM CDT
  
  (Newser) - Markets in Tokyo had an up day, recovering some of yesterday's major losses as investors speculated that Japan will stand firm in the face of an economic slowdown. Insurers led the gains on the Nikkei, which rose 1.5%. Other Asian bourses also did well Tuesday, but China was an exception, reports Bloomberg: on fears of an interest-rate cut, the Shanghai-Shenzhen CSI 300 index slumped 5.2% to an 8-month low. More »
- Dalai Lama Calls for Tibet Probe
  
  Associated Press | Mar 16, 08 5:29 AM CDT
  
  (Newser) - The Dalai Lama today called for an international investigation into China and accused it of engaging in "cultural genocide" in Tibet, the AP reports. The spiritual leader said 80 people have been killed in recent protests. Chinese soldiers and tanks patrolled the streets of the Tibetan capital of Lhasa today, which appeared quiet in images from Hong Kong TV. Condoleezza Rice called for "restraint" on the part of Beijing. More »
- Flu Closes Hong Kong Schools
  
  Associated Press | Mar 13, 08 8:51 AM CDT
  
  (Newser) - Over half a million children in Hong Kong are starting their Easter holiday early today after a flu outbreak led the government to order schools to close, AP reports. All kindergartens and primary schools in the densely populated territory will be shut down for two full weeks. Three children have died, but health officials stress that there is no evidence of any more virulent strain than the usual flu virus, and bird flu is not thought to be a factor. More »
February 2008
- Star's Naked Photos Drive Hong Kong Wild
  
  Los Angeles Times | Feb 27, 08 1:07 PM CST
  
  (Newser) - It all started when Edison Chen, a Hong Kong actor and hip-hop artist, took his laptop in for repairs. Turned out Chen had on his hard drive more than a thousand photos of himself, naked, with more than a dozen of the island's leading actresses and singers. Someone at the shop helped himself to the pictures, and the result was biggest sex scandal the puritanical city has ever seen, the LA Times reports. More »
- Beijing Opens Giant Air Terminal
  
  Independent (UK) | Feb 27, 08 11:25 AM CST
  
  (Newser) - Ahead of this August's Olympics, Beijing is set to open a new airport terminal that has been billed as the world's largest building. Designed by Norman Foster, who also designed Hong Kong's airport, the new Terminal 3 was built in only 4 years and, unlike many buildings in China, incorporates environmental control systems to minimize energy consumption, writes the Independent . More »
- Airbus Talks Mile-High Casinos
  
  Breitbart | Feb 18, 08 2:55 AM CST
  
  (Newser) - A plane flight could soon be a big gamble. Airbus is considering turning some of its super-jumbo jets into airborne casinos, Breitbart reports. The hulking A380 passenger plane is the world's largest, boasting 50% more floor space than Boeing's 747. That's the kind of space that's needed for a mile-high casino, which Airbus says could premiere as soon as 2012. More »
- European Markets Open Higher as Asia Rallies
  
  Associated Press | Feb 4, 08 7:33 AM CST
  
  (Newser) - European markets opened higher on the heels of a mining and technology stock rally in Asia and a positive close on Wall Street Friday, reports the AP. China's benchmark Shanghai Composite Index surged 8.1%, in part on news in state-run papers that the snow emergency in China was overblown. Hong Kong's Hang Seng index jumped 3.8%, Japan's Nikkei 225 index rose 2.7 %, and markets in South Korea and India were also up strongly at the close. More »
January 2008
- Global Markets Retreat Ahead of Fed Move
  
  AFP | Jan 30, 08 7:49 AM CST
  
  (Newser) - European stocks followed declines in Asian markets as news of more subprime woes overshadowed an anticipated 50 basis point rate cut from the Federal Reserve and some positive economic data from the US, AFP reports. London’s FTSE 100 was down 0.85%, the Paris CAC was off 1.54%, Frankfort’s DAX 30 dipped 0.67% and the Euro Stoxx 50 was off 0.80%. More »
- Stocks Struggling After Early Skid
  
  Wall Street Journal | Jan 23, 08 8:50 AM CST
  
  (Newser) - Stocks continued their downward march today, with the Dow off 139.41 points by midmorning, up from a 228.75-point dive at the opening bell. Seeming to shrug off yesterday’s huge emergency rate cut from the Fed, investors are acting on fears of recession, and focusing on disappointing earnings from Apple and Motorola. The S&P and Nasdaq were down 17.10 and 41.89 points respectively, the Wall Street Journal reports. More »
- Asian Markets Rebound
  
  New York Times | Jan 23, 08 5:14 AM CST
  
  (Newser) - Asian markets bounced back modestly this morning after two days of precipitous drops. Hong Kong's Hang Seng index jumped 10.72%, Japan's Nikkei average rose 2%, and the Topix index was up 2.5%. Sydney's index closed 4.4% higher, breaking a 12-day downturn, and India's Sensitive index saw its first gains in 8 days as traders expressed cautious optimism More »
- Asian Stocks Continue Plunge
  
  MarketWatch | Jan 22, 08 3:25 AM CST
  
  (Newser) - Jitters over the US economy led to a major sell-off in Asian markets for the second straight day, with Australia's benchmark index closing down 7.1%—the biggest single-day loss in nearly 20 years. India's Sensex index skidded 10%, triggering a shutdown, but rallied to close down 4.6%. Japan's Nikkei and the broader Topix index finished 5.7% lower, and Hong Kong's Hang Seng index slumped 8.7% the day after global indexes suffered their biggest plunge since 9/11. More »
- US Recession Fears Pummel World Markets
  
  Bloomberg | Jan 21, 08 6:09 AM CST
  
  (Newser) - Markets across Asia and Europe fell sharply today on fears of a looming US recession and a lack of confidence in Bush’s $145 billion economic rescue plan, reports Bloomberg. Japan's Nikkei was off 3.9% and the Hong Kong Seng Index fell 3.5%, the most since Sept. 11, 2001. In Europe, the Dow Jones Stoxx 600 slid 5.6% by midday. More »
- Jamba Founders Buy Stake In Facebook
  
  TechCrunch | Jan 16, 08 12:29 AM CST
  
  (Newser) - Brothers Alexander, Marc and Oliver Samwer, founders of ring tone company Jamba, have just joined Microsoft and Hong Kong billionaire Li Ka Shing as major investors in US based social networking company Facebook. Though the Samwers' haven't disclosed the exact size of their investment, they told Der Spiegel it was "significant," but smaller than Microsoft's $240 million. More »
December 2007
- China Allows Hong Kong to Vote in 2017
  
  BBC | Dec 29, 07 4:23 PM CST
  
  (Newser) - Reacting to years of pro-democracy rallies in Hong Kong, China agreed today to let the territory elect a leader in 2017 and a legislature in 2020, BBC reports. Hong Kong Chief Executive Donald Tsang had lobbied Beijing for elections by 2012, but hailed today's news as a "hard-earned opportunity." Activists, however, were outraged over the decade-long delay, AFP reports. More »
- 8 Hotels With Fab Room Service
  
  Forbes | Dec 8, 07 8:32 AM CST
  
  (Newser) - With this sort of room service, why leave the hotel at all? Forbes lists eight hotels that are stand-outs for room service offerings: Four Seasons Washington, DC: Gourmet in-room dinner for two served by personal butler. Ritz-Carlton Chicago: Get whatever you want, whenever you want from the kitchen—prepared to your specs. More »
- Oil Slick Reaches South Korean Shore
  
  BBC | Dec 8, 07 5:42 AM CST
  
  (Newser) - Emergency workers in South Korea are struggling to contain a 12-mile-long oil slick that has reached an ecologically sensitive shoreline on the Korean west coast. The oil spilled when a barge broke loose from the tug that was pulling it, and slammed into a Hong Kong-registered supertanker. The spill threatens a national maritime park and a stopover for migrating birds; four miles of beach have already been affected, BBC reports. More »
November 2007
- China Nixes Another US Navy Port Call
  
  Bloomberg | Nov 30, 07 2:38 PM CST
  
  (Newser) - China has turned down another US Navy ship's request to make a port call in Hong Kong on New Year's Eve, bringing to three the number of vessels caught up in the dispute. The denial, announced today, accompanied China's last-minute decision last week to bar USS Kitty Hawk from visiting Hong Kong on Thanksgiving, Bloomberg reports. More »
- China Fires Back at US in Diplomatic Feud
  
  Associated Press | Nov 29, 07 4:59 PM CST
  
  (Newser) - Tensions between the US and China took a turn for the worse today with China making clear that its refusal to let a US Navy carrier dock in Hong Kong was deliberate and not a simple "misunderstanding" as characterized by the White House. Beijing said "erroneous" US activities—including an arms sale to Taiwan—have left already iffy relations "disturbed and harmed," the AP reports. More »
- Jet Li Scores a Record $13M Payday
  
  Reuters | Nov 26, 07 7:19 AM CST
  
  (Newser) - Action star Jet Li will bag $13 million for his role in the upcoming The Warriors , breaking his own salary record for an actor in a Chinese-language film. With Chinese films drawing more international attention, Li's fat paycheck comes from investors' confidence in him as a "guarantee" of the $40 million film's global viability, Reuters reports. More »