Asian investors continued cautious trading on Thursday amid ongoing debt jitters. Most Asian shares reversed to positive territory after some small drops at opening. Yesterday bourses across the region were hit by a series of credit rating downgrade. Japan's Nikkei fell 1.3 per cent, Hong Kong's Hang Seng Index dropped 1.4 per cent, and China's Shanghai Composite was down 1.7 per cent.
Wall Street closed flat overnight after Federal Reserve Chairman Ben Bernanke said the interest rate would be hold at low for an extended period due to the subdued economy and low inflation.
Wall Street declined modestly overnight as bearish analyst comments hurt bank shares. Analysts with UBS predicted the capital market's seasonal slowing could come earlier this year, cutting its fourth-quarter earnings target for Morgan Stanley, JP Morgan and others.
VODone Limited ( "VODone" or the "Group"; stock code: HKG:0082), a leading Chinese new media operator, is pleased to announce its proposed acquisition of 70% interest in the Dragon Joyce Group after entering into a share purchase agreement. The acquisition will further enhance VODone's leading position in the PRC mobile lottery industry and bring increased synergies and opportunities across both the VODone and the Dragon Joyce Group.
Asia Business News (ABN) today announces the immediate availability of Asian newswire services direct to Institutional and Retail investors in Asia, simultaneously in multiple languages.
The 20:20 Investor Series brings together local and international mining companies, the investment community (both institutional and private) and related industry services in a highly focused resources investment forum.
The launch of 3G service in China has provided good opportunities for global telecom giants, such as Nippon Telegraph and Telephone Corp. (TYO:9432). The Japanese group will tap the China market by cooperating with China Mobile (HKG:0941), the largest cell phone carrier in China, to send Japanese manga in the country.
