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TOKYO - Asian shares fell on Wednesday as soft Chinese manufacturing data further undermined investor confidence and as hopes faded for bold stimulus action this week by the US Federal Reserve and the European Central Bank to underpin faltering economies.

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HSBC Holdings Plc, the British bank accused of laundering money for Mexican drug lords, apologised to investors for compliance failings as it set aside $2 billion more to cover the costs of regulatory fines and lawsuits.

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The UAE telecom company du on Monday posted a 57 per cent increase in second quarter profit before royalties compared with the same 2011 period on growth in revenues as it increased the subscriber base.

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The Dubai Department of Economic Department, or DED, issued 1,298 new trade licences during June 2012, indicating a growing interest in commercial and professional activities among businessmen and investors in Dubai, it was announced on Monday.

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Union Properties on Monday declared a net profit of Dh106 million for the first six months of the year compared to a net loss of Dh439 million for the same period last year.

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Copper traded little changed on Tuesday, underpinned by expectations the United States and Europe would introduce fresh easing measures, while a firm dollar and a low appetite for risk curbed gains.

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Unemployment in Germany rose in July as the euro zone debt crisis increasingly casts a pall over Europe’s biggest economy, official data showed on Tuesday.

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SINGAPORE - Copper was little changed on Tuesday, as traders cautiously waited to see if monetary policy meetings in the United States and Europe would yield fresh easing measures while also eyeing factory data from China for new trading cues.

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Hong Kong — Asian stocks pushed higher Tuesday as expectations continued to build that European policymakers will unleash powerful measures to battle the continent’s debt crisis.

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