China’s high-tech future emerges in factory town Shenzhen
Asia / Technology

China’s high-tech future emerges in factory town Shenzhen

SHENZHEN, China (AP) — Forget Beijing and Shanghai. China’s economic future is emerging in Shenzhen. Formerly a collection of fishing enclaves next door to Hong Kong that became the epicenter of China’s manufacturing-driven miracle, Shenzhen is reinventing itself again by staking its future growth on finance, technology and culture. The metropolis teeming with millions of … Continue reading

Asia extends global stock sell-off after ECB underwhelms
Business / International News / U.S. News

Asia extends global stock sell-off after ECB underwhelms

HONG KONG (AP) — Asian stocks sank Friday, extending a sell-off in world markets after Europe’s central bank unveiled plans to stimulate the continent’s ailing economy that fell short of investor expectations. KEEPING SCORE: Japan’s Nikkei 225 dropped 1.9 percent to 19,556.50 and South Korea’s Kospi lost 0.9 percent to 1,975.27. Hong Kong’s Hang Seng … Continue reading

Hong Kong tycoon buys $48.5M diamond at auction for daughter
Business / International News / U.S. News

Hong Kong tycoon buys $48.5M diamond at auction for daughter

GENEVA (AP) — An exceptionally large blue diamond sold Wednesday for 48.6 million Swiss francs ($48.5 million) — a record price for any jewel at auction, Sotheby’s said, culminating two Geneva auctions in which a convicted Hong Kong tycoon bought rare colored diamonds for his daughter. The 12.03-carat ‘Blue Moon’ diamond, set in a ring, … Continue reading

Asian stocks slump on Fed rate hike fears, commodity rout
Business / International News / U.S. News

Asian stocks slump on Fed rate hike fears, commodity rout

HONG KONG (AP) — Asian stocks slid Friday following sharp losses on Wall Street as a slump in commodities markets deterred investors from riskier assets and expectations grew that the U.S. would soon move to raise interest rates. KEEPING SCORE: Japan’s benchmark Nikkei 225 index fell 0.8 percent to 19,534.97 while South Korea’s Kospi shed … Continue reading

Surprised by award, Woo says he’s just hard-working director
Arts & Entertainment / Asia / International News / Movies

Surprised by award, Woo says he’s just hard-working director

TOKYO (AP) — John Woo was surprised to receive an award honoring trailblazers who have made outstanding contributions to the art of filmmaking. “I have made a lot of films, but it hardly qualifies as making a special contribution. I’m just a hard-working filmmaker,” the Hong Kong director said in Tokyo before the award presentation. … Continue reading

Arts & Entertainment / Movies

Warner Bros. to make Chinese-language films in HK venture

BEIJING (AP) — Hollywood studio Warner Bros. and a Chinese investment company said Sunday that they will jointly produce Chinese-language movies for the international market, as entertainment companies in the world’s two biggest movie markets increasingly collaborate. Warner Bros. and China Media Capital announced their Hong Kong-based joint venture two days before the start of … Continue reading

Asian stocks rise, Europe falls as global market rally fades
Asia / Australia & the Pacific / Business / Europe / International News

Asian stocks rise, Europe falls as global market rally fades

HONG KONG (AP) — World stock markets were uneven on Friday as a global rally driven by upbeat U.S. economic data faded. Markets are settling down after the tumult of the past two weeks, which saw Chinese stocks plunge, wiping out gains for the year, on jitters over the economy and a surprise devaluation of … Continue reading