Markets in Asia were mixed Thursday. In Japan, the Nikkei 225 Index rose 1.2% to 10,868 and in China, the Shanghai Composite Index added 0.2% to end the day at 3,159. Hong Kong’s Hang Seng Index fell 2% to close at 20,863. Continue reading World Bank Predicts 9% Growth for China, Banking and Property Shares Soar World Bank Predicts 9% Growth for China, Banking and Property Shares Soar originally appeared on DailyFinance on Thu, 21 Jan 2010 07:00:00. Filed Under: Economy , Investing Permalink | Tweet this! | Comments

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World Bank Predicts 9% Growth for China, Banking and Property Shares Soar

Though there is precious little consensus on fixing the nation’s health care system, most knowledgeable citizens agree that the current system’s skyrocketing costs are unsustainable. The facts are daunting: The U.S. spends 16% of its GDP on health care , 60% more than Germany and other Northern European “socialized medicine” states, and double what Japan devotes to health care. Continue reading Is Fee-for-Service What Ails America’s Health Care System? Is Fee-for-Service What Ails America’s Health Care System? originally appeared on DailyFinance on Mon, 18 Jan 2010 07:00:00. Filed Under: Economy , Healthcare Permalink | Tweet this! | Comments

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Is Fee-for-Service What Ails America’s Health Care System?

In Asia Monday, the Shanghai Composite Index added 0.4%, ending the day at 3,237. In Japan, the Nikkei 225 Index fell 1.2%, to 10,855 and in Hong Kong the Hang Seng shed 0.9% to close at 21,460. Hong Kong’s MTR Corp. rose 2.1% after the territory’s government approved an $8.6 billion project to build a high-speed train connecting Hong Kong to China and its booming economy. With a completion date slated for 2015, the new link would cut the journey time from Hong Kong to Guangzhou in half, with travelers arriving in 48 minutes. Continue reading MTR Shares Climb in HK on Approval of High-Speed Link with Mainland, JAL Continues to Plunge MTR Shares Climb in HK on Approval of High-Speed Link with Mainland, JAL Continues to Plunge originally appeared on DailyFinance on Mon, 18 Jan 2010 07:15:00. Filed Under: Economy , Investing Permalink | Tweet this! | Comments

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MTR Shares Climb in HK on Approval of High-Speed Link with Mainland, JAL Continues to Plunge

Shares were mixed in Asia Wednesday. Hong Kong’s Hang Seng Index climbed 0.6% to 22,417 and in Japan, the Nikkei 225 Index rose 0.5% to 10,731. Meanwhile, China’s Shanghai Composite Index lost 0.9%, ending the day at 3,254. Continue reading Extreme Asian Weather Sends Energy Shares North, Foxconn Continues to Rise Extreme Asian Weather Sends Energy Shares North, Foxconn Continues to Rise originally appeared on DailyFinance on Wed, 06 Jan 2010 07:15:00. Filed Under: Economy , Investing Permalink | Tweet this! | Comments

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Extreme Asian Weather Sends Energy Shares North, Foxconn Continues to Rise

Filed under: Economy , Investing Shares in Asia were mixed Monday as the Hong Kong Hang Seng Index dropped 0.8% to close at 22,325. The Shanghai Composite Index rose 0.5% to 3,332 and in Japan the Nikkei Index added 1.5% to end the day at 10,168. In Hong Kong, Foxconn International ( FXCNY ) surged 16.9% as investors poured money into the mobile phone and electronics maker. According to reports, Foxconn will begin selling phones to phone-making giant Nokia ( NOK ). The company is also planning to set up as many as 10,000 chain stores in China , which the company hopes will make Foxconn into a retail distribution goliath. According to China Daily , Foxconn has earmarked 10 billion Taiwanese dollars for setting up shop, looking towards capitalizing on local sales rather than depending on exports. Continue reading Foxconn hooks up with Nokia and surges in Hong Kong, China real estate up Foxconn hooks up with Nokia and surges in Hong Kong, China real estate up originally appeared on DailyFinance on Mon, 07 Dec 2009 07:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Foxconn hooks up with Nokia and surges in Hong Kong, China real estate up

Shares in Asia were mixed Thursday. In Japan, the Nikkei Index gained 3.8% closing at 9,978, and in Hong Kong the Hang Seng Index gained 1.2%, ending the day at 22,554. Meanwhile in China, the Shanghai Composite Index fell 0.2% to 3,265 — its first decline in four days. Japanese investors rejoiced as the yen sank to its lowest value against the dollar in five days, sending stock prices higher. Shares in Japanese car companies made huge gains today. Toyota ( TM ) and Honda ( HMC ) both earn more than 50% of their profits in overseas markets and a weaker yen means they receive more money when converting cash into their home currency. Toyota surged 5.6% and Honda climbed 4.2%. Mitsubishi Motors ( MMTOF ) catapulted 12.6% higher after an announcement that it is in discussions with Paris-based Peugeot Citroen to form a partnership that would include manufacturing electric cars. Continue reading The sky’s the limit for Hong Kong real estate stocks, Japanese carmakers climb as yen inches lower The sky’s the limit for Hong Kong real estate stocks, Japanese carmakers climb as yen inches lower originally appeared on DailyFinance on Thu, 03 Dec 2009 07:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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The sky’s the limit for Hong Kong real estate stocks, Japanese carmakers climb as yen inches lower

Filed under: Economy , Investing Major indexes in Asia rose Wednesday with China’s Shanghai Composite Index gaining 1.1% to close at 3,270. In Hong Kong the Hang Seng Index added 8.0%, ending the day at 22,290 and in Japan, the Nikkei Index inched up 0.4% to 9,609. In China, real estate developers led gains as home buyers continued to take advantage of China’s government mandated incentives that are boosting sales and propping up prices. China Merchant’s Property Development soared 8%. The company creates European-style communities on the outskirts of major cities like Shanghai where stately developments called names like Hyde Garden are nestled among immaculately groomed gardens. The company is also branching out to up-and-coming cities like Tianjin where communities with names like Diamond Hill promise the most elegant of lifestyles , complete with heated swimming pools, yoga rooms and gleaming marble bathrooms. Gemdale, which also focuses on luxury properties, added 3.1%, Poly Real Estate gained 2.8% and China Vanke ( CVKEF ), one of the largest developers, added 2.2%. Continue reading Chinese investors plow money into luxury home companies; Asian banks and commodities post solid gains Chinese investors plow money into luxury home companies; Asian banks and commodities post solid gains originally appeared on DailyFinance on Wed, 02 Dec 2009 07:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Chinese investors plow money into luxury home companies; Asian banks and commodities post solid gains

Filed under: Economy , Investing Shares in Asia climbed higher Tuesday. In Hong Kong the Hang Seng Index gained 1.3% to close at 22,113 and in China the Shanghai Composite Index rose1.3% to 3,235. In Japan, the Nikkei Index gained 2.4%, ending the day at 9,572. In Hong Kong the airline sector surged. Air China ( AIRYY ) soared 9.8% having purchased a large stake in Cathay Pacific Airways and now hinting at a takeover of Shenzhen Airlines . China Southern Airlines ( ZNH ) also surged, adding 7.3% on the news that Goldman Sachs raised its estimate of the airline’s share price. Cathay Pacific ( CPCAY ) rose 3.2% in today’s trading. Meanwhile, China Eastern Airlines ( CEA ) climbed 5.9% after gaining approal to takeover Shanghai Airlines. Continue reading Asian airline stocks take flight, mining and building stocks soar Asian airline stocks take flight, mining and building stocks soar originally appeared on DailyFinance on Tue, 01 Dec 2009 07:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Asian airline stocks take flight, mining and building stocks soar

Filed under: Company News , Boeing Boeing ( BA ) 777 aircraft engines can ice up and stop working. The engines in question are made by Rolls-Royce, and although the problem is very rare, it is dangerous. The 777 is used for very long trips, often over oceans. According to The Wall Street Journal, ” The FAA rejected recommendations by the National Transportation Safety Board to order affected Boeing 777 operators to swiftly replace parts on at least one of the two engines on each aircraft.” The decision is an example of how commercial issues often trump safety. At least 130 777s would be affected by the part replacement program, and right now there are not enough parts to go around to fix all the engines. The FAA is allowing airlines to fly the 777 long distances until January 2011. Continue reading FAA will allow Boeing 777 aircraft with suspect parts to stay aloft FAA will allow Boeing 777 aircraft with suspect parts to stay aloft originally appeared on DailyFinance on Mon, 30 Nov 2009 05:10:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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FAA will allow Boeing 777 aircraft with suspect parts to stay aloft

Filed under: Economy , Investing Shares in Asia soared Monday, with Hong Kong’s Hang Seng Index surging 3.3% to close at 21,822. China’s Shanghai Composite Index climbed 3.2% to 3,195 and in Japan, the Nikkei Index gained 2.9%, ending the day at 9,346. Even as shares in Dubai and Abu Dhabi suffered their steepest drop in more than a year, Asian banks recouped some of Friday’s massive losses after assessing their actual exposure to floundering Dubai World. In Hong Kong, HSBC ( HBC ), the most heavily weighted stock on the exchange, rallied 4.3% and Standard Chartered ( SCBFF ) gained 4.2%. A pledge by the Chinese authorities to continue financial stimulus measures sent shares in China- based banks upwards. Hong Kong-listed shares of Bank of China ( BACHY ) added 5.8% and shares in Industrial & Commercial Bank of China ( IDCBY ) rose 4.6%. Continue reading Asian Banks soar in Dubai aftermath, Buffett’s BYD and other Chinese car companies post massive gains Asian Banks soar in Dubai aftermath, Buffett’s BYD and other Chinese car companies post massive gains originally appeared on DailyFinance on Mon, 30 Nov 2009 07:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Asian Banks soar in Dubai aftermath, Buffett’s BYD and other Chinese car companies post massive gains