Investors in Beijing lined up Wednesday morning to open brokerage accounts. New rules took effect today which allow Chinese to buy stocks priced in U.S. dollars. Previously investors were restricted to less high-performing stocks denominated in China's currency.
Local tech startup WorldPoint retrenching
WorldPoint Interactive Inc., once one of the state's most promising high-tech startups, said yesterday it is planning a restructuring that could result in layoffs.
Click Online first aid
A cheap solution to computer glitch woes is to go to the Web and search for help. But this is no enterprise for the newbie. "I'll fix it myself" can be the most dangerous mantra for the inexperienced.
New indicators point to steeper decline
Even diehard optimists had little to cheer about after the cascade of gloomy economic data released yesterday. Among the indicators: U.S. consumer confidence fell to a four-year low this month.
Nikkei index falls to 15-year low
Japan's Nikkei 225 stock average fell to a 15-year low, as investors bet slowing profit growth in the U.S. and a decline in domestic industrial output signals weakening demand for Japanese goods.
$12.5 billion likely to leave mutual funds this month
U.S.-based stock funds are expected in February to see their biggest monthly cash outflow ever, and their first since Russia's debt default spooked investors in August 1998.
Appeals judges' comments give Microsoft hope
An appeals court lambasted the judge who ordered Microsoft split in two for his refusal to hold hearings on the drastic penalty and his comments to the media, signaling the breakup plan is likely doomed.
Hawai'i gets new Net service
iMagic Network Inc., an Ohio company, has launched an Internet service in Hawai'i and plans to introduce high-speed access, DSL connections, paging, wireless home security, long-distance and other services.
Diplomat to discuss U.S.-Vietnam trade
Dennis G. Harter, the second-highest ranking U.S. diplomat based in Vietnam, will discuss the potential for Hawai'i companies to do business in the Southeast Asian country tomorrow.
