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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A fall in U.S. applications for unemployment benefits sparked a buying spree in Asia. In Hong Kong the Hang Seng Index gained 1.2%, the Shanghai Composite Index advanced 1.4% and Japan’s’s Nikkei 225 Index added 1%.
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Groupon has entered China via its investment in GaoPeng.com, the group-buying site that launched in Beijing and Shanghai yesterday.
Continue reading Groupon Enters China Via GaoPeng.com Investment
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Positive earnings outlooks among some of Japan’s major companies continued to boost investor sentiment. Japan’s Nikkei 225 Index added 0.4% to close at 10,636. Hong Kong’s Hang Seng slid 0.3% to end the day at 23,484. Markets i…
Bargain hunters poured money into Chinese shares Friday, sending the Shanghai Composite Index surging 1.4%. In Hong Kong, however, the Hang Seng Index lost 0.5%, and in Japan, the Nikkei 225 tumbled 1.6%.
Conti…