Cnooc, China’s most visible offshore oil producer, announced record-high net profits for 2010, helping to send Asian oil shares higher.
Continue reading Asian Oil Stocks Head North on Cnooc’s Heady Earnings
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Asian markets rose Wednesday on news that Japan’s economy may finally be bouncing back. Figures released yesterday show that machinery orders in Japan jumped 4.2% in January over December, sending the Nikkei up 0.6%. In Hong Ko…
Investors in Asia were quick to react to a report that China has canceled its last round of reserve ratio hikes, sending markets up on Tuesday. The Hang Seng rose 1.7% in Hong Kong, the Shanghai Composite inched up 0.1%, and in…
Asian investors brushed aside worries over continuously rising Chinese inflation today, focusing instead on bargain shopping. Energy companies were a major attraction as oil prices surged. Hong Kong’s Hang Seng Index climbed 1….
In Asia Friday the Nikkei 225 Index sank 1.1% to 10,360 and Hong Kong’s Hang Seng Index slid 0.7% to 23,617. In China the Shanghai Composite Index inched up 0.1% to close at 2,753.
Continue reading Nikkei Slide…