Friday, August 31, 2012

Hollande says France in dire straits

French President Francois Hollande said he had to tell the truth to the people that the economic crisis was “exceptionally serious''. ``We are facin...



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Frankfurt airport hit by strike

Passengers at Frankfurt airport, Europe's third busiest, faced delays and cancellations Friday as many flights by Germany's main carrier Lufthansa we...



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Celtics guard Rondo in HK

Boston guard Rajon Rondo said he expects the Celtics to unseat Miami and win the NBA title in the coming season. The NBA's assist leader last season s...



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Govt relaxing travel subsidy scheme

The government has relaxed the requirements for its transport subsidy scheme, to allow more low-income workers to benefit from the HK$600-a-month subs...



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China freezes new HK visitor policy

China has agreed to delay a controversial plan to relax travel restrictions for millions of Shenzhen residents for at least three weeks. This follows ...



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British house prices rebound unexpectedly

British house prices surged in August to record their biggest monthly rebound in more than two and a half years, despite the ongoing recession, a surv...



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Eurozone unemployment hit record 18 million

Jobless numbers across the 17-nation eurozone hit a record 18 million in July, the EU statistics agency said Friday. An additional 88,000 people join...



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Students' hunger strike over patriotism class

Three Hong Kong students have gone on a 72-hour hunger strike in the latest protest against government plans to introduce Chinese patriotism classes, ...



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Scott bids to end year on a high in Australia

World number nine Adam Scott will play the Australian Open in December, organisers said Friday, as he bids to end his year on a high after his heart-s...



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Fiscal deficit booked for April-July

Hong Kong posted a HK$21.6 billion fiscal deficit for April-July, the first four months of the financial year 2012/13, against a HK$7.1 billion defici...



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ECB's Nowotny says extraordinary measures could be gone quickly if needed

Extraordinary measures that the European Central Bank has launched to help stabilise markets amid the European debt crisis have bought time but could ...



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Fraport orders stopto Frankfurt-bound flights

Frankfurt airport operator Fraport AG said on Friday it has asked for no Frankfurt-bound flights to depart from European airports due to a lack of par...



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Euribor rates down on ECB rate cut hopes

Euribor bank-to-bank lending rates fell to new all-time lows on Friday as expectations grew that the European Central Bank could cut interest rates as...



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Exchange Fund assets grow at end-July: HKMA

Assets at the Exchange Fund, which is used to back the Hong Kong dollar, totalled HK$2.61 trillion at the end of July, the Hong Kong Monetary Authorit...



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Eurozone inflation jumps in August

Euro zone inflation jumped more than expected in August, data showed on Friday, a factor that may discourage the European Central Bank from cutting in...



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Xstrata investor wants board shakeup if Glencore bid fails

Activist fund Knight Vinke, a top shareholder in Xstrata, said on Friday it would push for a shake-up of the miner's management if a proposed US$31 bi...



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Sharp's output of new iPhone displays lagging: source

Sharp Corp has fallen behind schedule on production of screens for Apple Inc's latest iPhone just weeks before a planned major launch, a source told R...



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Hon Hai sees 'good outcome' in Sharp deal: paper

The chairman of Taiwan's Hon Hai Precision Industry sees a "good outcome'' for its talks over a tie-up with Japan's ailing Sharp Corp, saying it wasn'...



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Japan pension fund takes US$26 b hit

Japan's public pension fund, the world's largest, suffered an investment loss of US$26 billion in April-June, its first loss in three quarters, as the...



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Spain's June current account deficit narrows

Spain's current account was in deficit to the tune of 257.2 million euros in June, down from a deficit of 1.3 billion euros in the same month a year e...



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Hang Seng slips for 3rd session

Hong Kong shares suffered a third-straight loss on Friday, sinking deeper into the red in August, after first half corporate earnings disappointed wit...



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Assange to remain in embassy for up to a year

Julian Assange expects to remain holed up in Ecuador's London embassy for up to a year as the two countries struggle to resolve a diplomatic row over...



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Markets still trust the euro: ECB's Coeure

Market expectations of inflation under control in the euro zone show that markets still trust the common currency, European Central Bank Executive Boa...



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Italy July jobless rate stable

Italy's seasonally adjusted unemployment rate was unchanged in July at 10.7 percent from June's revised result, remaining at its highest level since...



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VW to stop buying spree: report

Volkswagen will take a breather when it comes to acquiring more brands as the German company is busy integrating its 12 nameplates to become the world...



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No date set for fresh talks with Hungary: IMF

The International Monetary Fund (IMF) and the European Union do not yet have a date for further talks with Hungary on financial assistance, an IMF spo...



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Police confirms Agile's chairman arrest

Hong Kong police have arrested the chairman of one of China's largest property developers, Agile Property Holdings, in connection with a case of alleg...



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UN warns of 'catastrophic' jobless rise after 'Grexit'

The International Labour Organisation warned Friday of a "catastrophic'' rise in unemployment, especially among the young, if debt-wracked Greece wer...



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12 arrested for online scam

A two-day operation has 12 people, aged 20 to 53, arrested who are allegedly involved in online shopping scam, Wong Kin-wah, the New Territories North...



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Cinema shooter calls hotline between massacre

James Holmes, the alleged shooter in the Colorado cinema massacre, had called a University of Colorado emergency number nine minutes before the shooti...



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Koreans outraged over rape of child

South Korean President Lee Myung Bak apologized after a seven-year-old girl was kidnapped overnight from her home and raped, sparking a public outcry...



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Japanese co-pilot blunder put flight into dive

A co-pilot who sent his Japanese passenger jet into a nosedive when he mistook a rudder control for a door lock did not notice anything was wrong fo...



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Insurane premiums rises in first half

Total gross premiums of the Hong Kong insurance industry in the first half of 2012 amounted to HK$125.5 billion, up 9.3 percent from a year earlier, t...



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Earthquake shakes Guangdong

A 4.2-magnitude earthquake hit Guangdong around 2 p.m. today, the Observatory said. The epicenter is about 10 kilometers north of Heyuan. The Observ...



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14 building plans approved in July

The Buildings Department approved 14 building plans in July, with two on Hong Kong Island, five in Kowloon and seven in the New Territories. Of the a...



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European stocks open steadily

Europe's main stock markets stabilised at the start of trade on Friday, with London's FTSE 100 index losing a marginal 0.02 percent to 5,718.45 point...



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Bundesbank chief threatened to resign: report

The head of the German central bank or Bundesbank has threatened to resign in the festering fight with the European Central Bank over its anti-crisis...



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Germany books surpising fall in July retail sales

German retail sales fell unexpectedly in July on a monthly basis, dropping by 0.9 percent in real terms, preliminary data showed on Friday, putting a ...



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Nikkei falls as factory output disappoints

Tokyo stocks closed 1.60 percent lower on Friday after the government reported a worse-than-expected drop in Japan's factory output. The benchmark N...



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US guard admits trying to sell secrets

A former US guard has admitted trying to sell information about security at a new American consulate in Guangzhou. Federal prosecutors said Brian Un...



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Abuse victims rail against priest’s ‘seducers’ remark

A Roman Catholic priest in New York expressed sympathy this week for some clergy who sexually abuse children, saying that it is often the “youngster''...



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(US Republican convention) Rambling Eastwood bombs on Romney’s stage

Republicans may have made Mitt Romney's day with the presidential nomination he long sought, but it was Dirty Harry himself who nearly hijacked the sh...



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Bernanke may hold back on easing

Federal Reserve Chairman Ben Bernanke will likely acknowledge the US central bank is considering another round of monetary easing in his keynote Jacks...



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Apple loses patent battle in Tokyo

A court in Japan rejected Apple's claim that South Korean rival Samsung stole the US company’s technology for its own products, the latest ruling in...



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Economic uncertainty growing fast: Nowotny

Economic uncertainty in Europe is rising "massively'' as growth prospects worsen, especially for debt-strapped southern euro zone members, European Ce...



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Facebook murderer jailed for 21 years

A man who befriended a teenage Australian girl on the social media site Facebook before luring her to a secluded spot and killing her was imprisoned ...



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Thursday, August 30, 2012

European shares slip at open

Europe's main stock markets lost ground at the start of trade on Thursday, with London's FTSE 100 index down 0.45 percent at 5,717.53 points. Elsewh...



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Arsonist dies after killing 4

A woman who allegedly set a fatal fire three days ago died Thursday morning from injuries sustained after she jumped out of a sixth-floor window in ce...



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Maori All Blacks face England XV on tour

The Maori All Blacks, drawn from New Zealand's indigenous people, will play Canada and an England ‘Championship XV’ in a three-match November tour of ...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=24191

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Sri Lanka’s Sangakkara earns four ICC awards nominations

Sri Lanka's Kumar Sangakkara was nominated in four categories for the International Cricket Council awards, including player of the year. The 34-yea...



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Fuel prices drive Spanish inflation higher

Inflation in Spain picked up to an annualized 2.7 percent in August, from 2.2 percent in July, the second consecutive month the rate has risen, provi...



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Barclays names insider as new CEO

British bank Barclays named retail and business banking head Antony Jenkins as its new chief executive, replacing Bob Diamond who resigned last mont...



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Iran insists on right to nuclear energy

Iran is “never seeking nuclear weapons'' and will not give up its right to develop nuclear energy, supreme leader Ayatollah Ali Khamenei told a summ...



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Billionaire tells Aussies to stop whinging and do something

The world's richest woman, Australian mining tycoon Gina Rinehart, urged those “jealous'' of the wealthy to “spend less time drinking'' in a piece t...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=24186

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(Update) Seoul returns Japan's PM letters

South Korea on Thursday formally rejected Japan's proposal that the two countries ask an international court to settle a bitter row over disputed isl...



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JAL to raise up to US$8.4b in IPO

Japan Airlines said on Thursday it would raise up to 663 billion yen (HK$65.4 billion) in its initial public offering after setting the indicative pri...



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Samsung to launch first Windows phone before Nokia

Samsung Electronics became the first handset maker to announce a smartphone using Microsoft's latest mobile software, making its surprise, hurried ann...



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Nikkei breaks below 9,000

Tokyo stocks closed 0.95 percent lower on Thursday, falling below 9,000 points for the first time in about two weeks. The benchmark Nikkei 225 index ...



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'Political will' to make euro strong: Merkel

German leader Angela Merkel said Thursday there was "absolute political will'' to strengthen the euro, as she held talks with China's premier Wen Jiab...



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Firefighters divided over working hours

A poll suggests a majority of firemen support a government proposal to cut their working time from 54 to 51 hours a week -- but almost 30 percent rema...



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China inks deal for 50 Airbus aircraft

China signed a US$3.5 billion procurement deal for 50 Airbus planes during a visit by German leader Angela Merkel, China's official Xinhua news age...



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Wen assures further support for Europe

Premier Wen Jiabao said today Beijing would continue to invest in the European Union after holding talks with the visiting German leader Angela Merke...



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UN condemns France for Roma expulsions

France must ensure that its policy of dismantling Roma settlements and expelling some Roma migrants does violate international standards, UN human rig...



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Morsi arrives in Tehran for summit

Egyptian President Mohammad Mursi arrived in Tehran today, the first Egyptian leader to visit Iran since its Islamic revolution in 1979. Iranian sta...



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(US Republican convention) Not all is well within party

Mitt Romney's campaign choreographed the Republican National Convention to sell voters on three ideas: that the party is unified behind Romney; that h...



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China outbound investment growth slows in 2011

China's outbound direct investment rose 8.5 percent to US$74.7 billion (HK$579.4 billion) in 2011, slowing from the year before, government data showe...



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Lufthansa strikes to begin Friday

Lufthansa cabin crew members will strike beginning on Friday, German trade union UFO said, potentially disrupting hundreds of flights. Germany's bigg...



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Agricultural Bank of China’s interim net profit grows 21pc

Banking stocks may come under pressure during the session on Thursday led by Agricultural Bank of China, (1288.HK).



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FIFA surges Japan, S Korea to avoid politics

FIFA has asked South Korean and Japanese players to refrain from political gestures over disputed islands at an Under-20 Women's World Cup match Thur...



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Exco member bashes education chief

An executive councillor has criticised the Education Secretary, Eddie Ng Hak-kim, for saying the silent majority support the teaching of national educ...



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Taiwanese saviour in waiting shows off his Japan prize

Terry Gou, founder of Hon Hai Precision Industry, will show off an advanced LCD panel factory he jointly owns with Sharp to a delegation of fellow Tai...



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Homes in foreclosure account more in US sales

Properties in foreclosure accounted for a larger proportion of U.S. home sales in the second quarter, while tight inventory helped them command a high...



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Hang Seng slumps by lunch

Hong Kong stocks fell 1.33 percent in a quiet morning session Thursday following a weak lead from Wall Street and as dealers await a speech by US Fede...



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Del Piero offered deal

Australian club Sydney FC said Thursday they have held talks with former Juventus and Italy striker Alessandro Del Piero and made him an offer to join...



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(US Republican convention) Rice says Romney for peace through strength

Former US Secretary of State Condoleezza Rice hailed Mitt Romney as the leader who can rescue America from foreign and domestic threats that she said ...



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Citigroup pays US$590m in toxic assets lawsuit

Citigroup Inc agreed to pay US$590 million to settle a shareholder lawsuit accusing it of hiding tens of billions of dollars of toxic mortgage assets,...



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Tentative wage deal for Hyundai Motor, union

Hyundai Motor on Thursday reached a tentative wage deal with its South Korean labour union leaders, which if approved by members, would allow the carm...



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Equities get 10b yuan push via margin trading plan

China launched a program that would allow selected brokerages to borrow money and lend it to clients for margin trading, potentially injecting an esti...



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(US Republican convention) Ron Paul backers cry foul

Dozens of delegates for White House also-ran Ron Paul walked out of the Republican National convention for a second straight day yesterday, angered ...



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Japan proposal on islands row rejected

South Korea on Thursday sent a diplomatic document rejecting Japan's proposal that the two countries ask an international court to settle a bitter row...



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(Update) Coal mine blast kills 19, traps 28

A gas explosion at a coal mine in southwest China has killed 19 miners and trapped 28 underground, authorities said Thursday, in the latest disaster ...



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Clijsters bids farewell; Murray moves on

When the moment came to say goodbye, Kim Clijsters wasn't quite ready to leave tennis behind for retirement. But the 29-year-old Belgian managed to s...



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Pentagon, CIA review ex-SEAL book

An unarmed Osama bin Laden was shot in the head as he peered out of a doorway and then pumped with bullets as he convulsed on the floor, according to ...



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Paralympians urged to be inspired

Wheelchair-bound physicist Stephen Hawking challenged athletes to “look to the stars'' yesterday as he helped open a record-setting Paralympics Games ...



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Ileana sweeps off Mexican coast as hurricane

Ileana swirled into a hurricane off Mexico's Pacific coast late Wednesday, though it posed no threat to land, US forecasters said. As it blew over t...



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Luxe hotel shuts out Lindsay over unpaid US$46,000 tab

Perennially troubled actress Lindsay Lohan has been barred from a storied Hollywood hotel for failing to pay more than US$46,000 in bills, a leaked l...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=24155

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Coal mine blast kills 9

A gas explosion at a coal mine in south-west China has killed nine workers and trapped 44, in the latest disaster to hit the country's troubled mining...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=24154

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Nikkei dips at midday

Tokyo stocks fell 0.74 percent by the break on Thursday, hit by profit-taking and after a weak session on Wall Street. The benchmark Nikkei 225 index...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=24153

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Israel warns Sudanese will be expelled

Israeli Interior Minister Eli Yishai warned that illegal immigrants from Sudan who do not leave the country by October 15 will be detained. “Infiltr...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=24152

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Wall Street ends on lackluster note

US stocks see-sawed in more light, noncommittal trade yesterday to close almost flat for the third straight session, amid fresh data that sent more ...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=24151

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Business deals on cards for Merkel’s Beijing trip

German leader Angela Merkel was due to hold top-level talks today on her second visit to China this year, with Europe's debt crisis taking center st...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=24149

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Sing Tao Building crashed by car

Glasses of the main entrance of Sing Tao Building in Shau Kei Wan were destroyed at around 3 a.m. today. A car ran into the entrance, breaking two pa...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=24150

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Spain hosts Hollande as debt crunch looms

French President Francois Hollande flies to Spain today, showing his support for the crisis-torn nation as it seeks a savior from potentially cripplin...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=24148

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Shanghai opens in positive column

Shares in Shanghai were up slightly in early trading after falls in the previous session but overall gains may be limited by worries over the slowin...



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US Republican convention) Ryan to zoom in one hard choices

Remember “hockey mom’’ Sarah Palin in 2008? Now it is the turn of youthful Wisconsin congressman Paul Ryan to wow the Republican convention as he acc...



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Hang Seng dips in early trade

Hong Kong stocks fell 0.66 percent at the open in edgy trade today ahead of a much-anticipated speech by US Federal Reserve chief Ben Bernanke tomorr...



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Wednesday, August 29, 2012

Local newspaper to raise price

Chinese newspaper HK Economic Journal will increase its price from HK$6 to HK$8 from Monday next week, becoming the first Chinese local newspaper to i...



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Swedish think tank lifts 2012 forecast, cuts 2013

The Swedish economy will grow somewhat faster this year than previously forecast, but still well below the rate of the last two years due to the debt ...



via The Standard - Breaking News http://www.thestandard.com.hk/breaking_news_detail.asp?id=24090

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Lufthansa staff to strike as soon as Thursday

Cabin staff at German airline Lufthansa, who are planning to strike after wage talks failed, will stage walkouts on Thursday at the earliest, their un...



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Shanghai touches a new low

Shanghai shares closed at their lowest since February 2009 as hopes faded for a further cut in China banks' reserve requirements any time soon. The Sh...



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Ban in Iran for summit

UN chief Ban Ki-moon arrived in Tehran on Wednesday on the eve of a two-day summit of Non-Aligned Movement states, the Iranian government media servic...



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European shares open flat

Europe's main stock markets steadied at the start of trade on Wednesday, with London's FTSE 100 index gaining 0.21 percent to 5,763.54 points. Elsew...



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GM to boost Russia productions

General Motors plans to invest US$1 billion (HK$7.8 billion) over the next five years to expand cars and components production in Russia, one of the f...



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Samsung to return with new Note

Samsung Electronics Co unveils the second generation of its popular Galaxy Note phone-cum-tablet at Europe's biggest electronics show in Berlin later ...



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Volvo truck shipment up in July

World number two truck maker Volvo said on Wednesday that shipments of its trucks rose 5 percent year-on-year in July as strong deliveries in North Am...



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Controversial Park called up for World Cup

South Korea's Park Jong-woo, who was banned from the Olympic podium at the London Games for displaying a political message after the bronze medal matc...



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Dodgers Kemp set to miss a game after hitting wall

Los Angeles Dodgers slugger Matt Kemp is expected to miss at least one game after slamming into the center-field wall in Colorado on Tuesday, Reuters ...



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Drogba, Anelka futures in China unknown

Superstars Didier Drogba and Nicolas Anelka may have already played their last games for China's Shanghai Shenhua, a report said Wednesday, as a boar...



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Berbatov to join Fiorentina

Manchester United striker Dimitar Berbatov flew to Italy on Wednesday to complete a move to Serie A club Fiorentina, a source close to the Bulgarian t...



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Brief Sri Lanka sevens training stint for Gollings

Rugby Sevens' record points-scorer Ben Gollings has been signed up to coach Sri Lanka for the next two months as the south Asian country bids to reach...



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Feminists say no to national education

Fifteen feminist groups have handed in a petition at the government headquarters against the plan to introduce "moral and national education" in schoo...



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Help for needy elderly inadequate

A survey suggests people feel the government's current retirement protection system is inadequate for meeting their needs in old age. The study was co...



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Nikkei edges higher

Tokyo stocks gained 0.40 percent after a mixed sessions on Wall Street as investors waited for a key speech by the US central bank chief later in th...



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Test run for sewage-powered three-wheeler

Japan's best-known toilet maker on Wednesday unveiled a "poop-powered'' motorcycle that can travel as far as 300 kilometres on a tank filled with anim...



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Scholars to ban NBA from Chinese dictionary

A group of Chinese academics has said English-language abbreviations which have become part of everyday life in China should be struck from the count...



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N Korea, Japan to hold first direct talks

Japan and North Korea are set to meet Wednesday in their first face-to-face talks in four years as diplomats see if they can start laying the groundwo...



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Cook Islands creates word’s biggest marine park

The Cook Islands announced the creation of world's largest marine park at the opening of the Pacific Islands Forum today, a vast swathe of ocean almo...



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Official PMI may show factory orders slowed

China's official manufacturing managers' index, due on Saturday, may have eased to a 9-month low of 50 in August, supporting the case for fresh easin...



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Mumbai gunman’s death sentence affirmed

India's Supreme Court confirmed the death sentence handed down to Mohammed Kasab, the lone surviving gunman from the 2008 Mumbai attacks, AFP reports...



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Peimira sells Galaxy shares

European private equity firm Permira has raised US$750 million by selling around half of its stake in Macau casino operator Galaxy Entertainment Group...



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Wing Tai profits slump

Developer Wing Tai Properties (0369) recorded a net profit of HK$451.9 million for the six months ended June 30, down 67 percent from HK$1.36 billion ...



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Serena crashes into round 2

Serena Williams marched into the second round of the U.S. Open on Tuesday and despite being seeded only fourth at Flushing Meadows, the American is in...



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Want Want net up on cost control

Snack maker Want Want (0151) booked a net profit of US$230.9 million (HK$1.79 billion) for the six months ended June 30, thanks to the effective cost ...



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Consumer stocks including may see profit taking

Hong Kong-based consumer stocks including Sasa (0178.HK) and Chow Sang Sang (0116.HK) may see profit taking on Wednesday after the city said it would control the number of mainland visitors.



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Hang Seng flat by break

Hong Kong stocks rose 0.10 percent by the break Wednesday as dealers await a speech by US Federal Reserve chief Ben Bernanke amid hopes he will outli...



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Easing is not done deal: Fisher

Policymakers at the Federal Reserve continue to weigh options on monetary policy, and have not agreed at this point to unleash a new round of stimulus...



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Colombia cracks assassination attempt

Colombian police said Tuesday they had arrested five people for the attempted assassination of a former interior minister. Suspected rebels detonated...



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Govt speeds up infrastructure spending

A government official said Wednesday that the central government had allocated 366.4 billion yuan (HK$447.4 billion) for infrastructure construction f...



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China economy slowly stabilising: NDRC

A senior government official said on Wednesday that price rises have continued to slow since the beginning of the year as a result of improving supply...



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EPL teams out of Cup chase

Two English Premier League football clubs were sent home after failing to advance to the next round for the League Cup. Stoke City, who held Arsenal...



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ING may let HK insurance unit go

ING is exploring a separate sale of its roughly $1 billion Hong Kong insurance business, sources said, a move that could further complicate the auctio...



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Djokovic crushes Lorenzi

Novak Djokovic delivered a typically ruthless 6-1 6-0 6-1 win over Paolo Lorenzi in the U.S. Open first round on Tuesday. The defending champion wast...



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Murray looks to move into third round

Britain's Andy Murray, who is forging a new reputation as a crowd favourite, will try to take his place in round three of the U.S. Open on Wednesday. ...



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HKUPOP to hold exit poll on election day

The Public Opinion Programme (POP) of the University of Hong Kong will conduct "Legislative Council Election Exit Poll" on election day -- September 9...



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Japan opposition to file censure motion on PM

Japan's opposition was set today to file a censure motion against Prime Minister Yoshihiko Noda that threatens to stall parliament and bolster calls ...



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Tourism cheif urges limits on Shenzhen visitors

The chairman of the Tourism Board, James Tien Pei-chun, has urged the government to negotiate limits on which Shenzhen residents are given multiple-en...



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Nikkei inches up by lunch

Tokyo stocks rose 0.28 percent on Wednesday morning following a mixed performance on Wall Street. The benchmark Nikkei 225 index at the Tokyo Stock E...



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Romney formally nominated

Republicans nominated Mitt Romney on Tuesday to challenge President Barack Obama for the White House, kicking off their storm-delayed convention with ...



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Shanghai Stock Exchange to lure institutional investors

China may allow so-called ''sunshine'' private trust funds, a prototype of hedge funds, to list on the Shanghai Stock Exchange when conditions are sui...



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Hearing on Apple injunction set for December

A US judge set a December 6 court date to hear Apple Inc's request for a permanent injunction against Samsung Electronics' smartphones, which could d...



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PBOC surveys on 28-days reverse repo

China's central bank surveyed primary dealers on potential demand for 28-day reverse bond repurchase agreements for the first time ever on Wednesday, ...



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Flag snatchers arrested: report

An undisclosed number of persons were arrested after they snatched the national flag from an official car carrying Japanese Ambassador to China Uichir...



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Strikes to force Hyundai to miss monthly sales targets

Hyundai Motor may miss its overseas sales target next month because of strikes at its South Korean plants, said a company executive with direct knowle...



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Death toll from S Korea typhoon goes to 15

South Korean rescuers Wednesday resumed a search for 10 missing crewmen from two Chinese fishing boats as the confirmed death toll from a strong typh...



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Liu said on medical release, brother denies

Nobel prize winner Liu Xiaobo was said to be released by mainland authority to have medical treatment, according to New Tang Dyansty TV. Liu's brothe...



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Hang Seng mixed as index futures expiring

Hong Kong shares were poised to start higher on Wednesday, helped by a 3.2 percent jump for China Life Insurance after it posted a first half margin p...



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Tuesday, August 28, 2012

Iraq executes 21 in single day: officials

Iraq has executed 21 people convicted of terror-related charges, including three women, on the same day, a justice ministry spokesman said on Tuesday,...



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China's private businesses rising steadily: official

China's individually owned businesses have seen a steady increase in terms of number, business scale and contribution to the economy, an official has ...



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NATO names envoy for women

NATO named a female Norwegian diplomat in a new role created at the nuclear-armed military alliance to promote the role of women in ending conflict. ...



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Five more sentenced for vote-rigging

Five men have been jailed for two months by Kowloon City Court for giving false addresses when registering as voters for last year's district council ...



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Spain’s pain deepening

The Spanish economy shrank 0.4 percent in the second quarter on a quarterly basis as forecast in a flash estimate and after shrinking by 0.3 percent i...



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Samsung shares rebound

Shares in Seoul inched down as investors largely stayed on the sidelines to await a global gathering of central bankers late this week for clues about...



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Still room for stimulus: BOJ

Central banks of advanced economies, including Japan, have exhausted traditional monetary policy options during the global financial crisis but still ...



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Stanley Ho's lieutenant Ng to revive Burgundy chateau

A Chinese businessman who sparked a bout of anxious introspection in France with his purchase of an historic Burgundy vineyard is a low-profile casi...



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Samsonite posts record sales

US luggage marker Samsonite International (1910) posted 263 percent year-on-year increase in its first half net profit to US$90.1 million (HK$698.8 mi...



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Shanghai club dispute puts Drogba, Anelka stints in peril

Former Chelsea strikers Didier Drogba and Nicolas Anelka could be sold by China's Shanghai Shenhua due to an escalating equity stake row among shareho...



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Mengniu net down on weak sales

Mainland dairy maker Mengniu Dairy Company (2319) booked a net profit of 645 million yuan (HK$786.8 million) for the six months ended June 30, down 18...



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Israel court throws out suit over activist’s bulldozer death

An Israeli court rejected all claims of negligence in a civil lawsuit brought by the family of US activist Rachel Corrie, who was killed by an Israe...



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Australia, EU link carbon scheme from 2015

Australia announced Tuesday it would link its deeply contested emissions trading scheme with the European Union's from mid-2015 in an effort to comba...



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Samsonite posts record first-half sales

US luggage maker Samsonite on Tuesday posted record first-half sales, boosted by strong global travel demand as well as growth in Asia and North America.



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Hang Seng slips amid slowdown fears

Hong Kong stocks opened 0.28 per cent lower on Tuesday as concerns about the slowing Chinese economy weighed on sentiment.



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Ford to launch Lincoln in China by 2014

Ford Motor Co will launch its Lincoln brand in China within two years as it races to catch up with rivals in the world's largest auto market and home ...



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Argentinian tango champs dance for joy

Argentine dancers Facundo de la Cruz and Paola Sanz have won the ballroom competition at the tenth World Tango Championship, beating out 42 pairs of...



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German consumers hold steady mood into September

The mood of German consumers held steady heading into September as they spurned paltry savings rates in favour of spending, even though their view of ...



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Nikkei retreats

Stocks in Tokyo fell 0.57 percent with few fresh trading cues after Wall Street ended mixed as investors looked ahead to a speech by the US central ...



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C.Agricole profit slumps

Credit Agricole said quarterly net income plunged 67 percent as the French lender took a 427 million euro (HK$4.13 billion) impairment on its stake in...



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Asian Tour plans golf event to rival majors

The Asian Tour is in talks to set up an iconic golf event to rival the majors as early as 2015, its new chief executive said. Mike Kerr, who took t...



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India hunts killers who beheaded man on train

Indian police were searching for a gang of knife-wielding youths who beheaded a man on a train in eastern India as passengers looked on. Khokon Ghosh...



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Taiwanese pissed off by sit-to-pee idea

Taiwan's environmental minister is calling on the island's men to sit down when they urinate to keep toilets clean, drawing a mixed reaction from th...



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BYD expects profit to return to growth in 2013

BYD Co (1211), a Chinese carmaker backed by billionaire US investor Warren Buffett, said on Tuesday that it expected to see a return to profit growth ...



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Hang Seng falls by break

Hong Kong stocks fell 0.16 percent by the break on Tuesday, as concerns about China and the eurozone weighed on sentiment. The benchmark Hang Seng In...



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Manila survivors launch online campaign

Survivors and relatives of those who died in the Manila hostage massacre two years ago have launched an online signature campaign urging the central a...



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CE pledges to limit Chinese visitors

The Chief Executive, Leung Chun-ying, has pledged to keep the number of mainland travellers to the city under control, as Shenzhen prepares to relax t...



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PAL orders 54 Airbus aircraft

Philippine Airlines announced Tuesday it had ordered 54 Airbus aircraft with a list price of US$7 billion (HK$54.8 billion), and planned to buy dozens...



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(Update) Four dead as typhoon strikes S Korea

Four Chinese crew members were confirmed drowned and 12 were missing after a strong typhoon battering South Korea pushed their ships onto the rocks Tu...



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Apple seeks US bans on Samsung phones

Apple is seeking speedy bans on the sale of eight Samsung Electronics phones, moving swiftly to translate its resounding court victory over its arch-foe into a business benefit.



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Federer moves into US Open 2nd round

World number one Roger Federer began his quest for a sixth U.S. Open title with a stylish 6-3 6-2 6-4 victory over American Donald Young on Monday, Re...



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China Southern shares slump on sliding profit

Shares in China Southern Airlines (1055) fell more than five percent on Tuesday after the company posted a slump in first-half net profit of 85 perce...



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Boeing boosts Dreamliner production

Plane maker Boeing Co said a temporary assembly line to boost production of its new carbon-fiber 787 Dreamliner planes is now up and running at its fa...



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Japan downgrades August economic outlook

Japanese government downgraded the assessment of the monthly economy report of August on Tuesday over the eurozone debt crisis and the weak domestic p...



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Nikkei dips by noon

Tokyo stocks were down 0.28 percent Tuesday morning with few fresh trading cues after Wall Street ended mixed. The benchmark Nikkei 225 index at the ...



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Beware of high pollution levels

Very high levels of pollution are being recorded this morning across Hong Kong, RTHK reports. At the roadside monitoring stations in Central, Causeway...



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Japan flag-snatching report under probe

Mainland authorities say they are "seriously" investigating reports that a national flag on the Japanese ambassador's car was ripped off in Beijing ye...



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Samsung gains in Seoul as Apple moves to ban devices

Apple is seeking speedy bans on the sale of eight Samsung Electronics phones, moving swiftly to translate its resounding court victory over its arch-f...



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Ex-boyfriend charged murder for Toronto mom slaying

A Toronto man has been charged in the death of his former girlfriend, just over two weeks after parts of her body were found in two separate Ontario c...



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Typhoon Tembin spares Taiwan

Taiwan's rain-battered south heaved a sigh of relief today after Typhoon Tembin skirted past the island before dawn without making landfall, apparen...



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Some HSBC occupiers remain

Some of the protesters occupying the open area under HSBC headquarters in Central remain at the spot. Two weeks ago, the High Court ordered them to l...



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Natural disaster looms, but Romney heads off early

Mitt Romney is to fly to Tampa today, two days earlier than expected, as he seeks to prevent Tropical Storm Isaac from overshadowing his coronation a...



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China Everbright International to sell shares: source

China Everbright International Limited (0257) is planning to share placement to raise at as much as HK$1.274 billion, sources said. The mainland firm...



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Six saved as Chinese boat tossed in typhoon

Rescuers swam through stormy seas to try to save some 30 Chinese fishermen whose two boats were wrecked when a strong typhoon battered South Korea t...



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Obama out to spoil Romney’s party

President Barack Obama hopes to siphon some headlines from what he sees as rival Mitt Romney's “convention reinvention'' in Florida, hitting states ...



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Syria directs anger at US for violence

Syria's foreign minister accused the United States of being the “major player'' encouraging anti-government rebels, but vowed not to use chemical weap...



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US okays combo pill for AIDS, but posts warning

A new pill to treat HIV infection – combining two previously approved drugs plus two new ones – has been approved for adults living with the virus th...



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Shanghai slide continues

Shares in Shanghai traded flat at the opening today, after falling to a three-and-a-half-year low in the previous session, dealers said. The benchmark...



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China and Asia sales propel Samsonite earnings

Samsonite (1910) said today profits in the first half surged to US$90.1 million, up by 263 percent on strong sales, especially in Asia. Luggage sal...



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Hang Seng opens lower

Hong Kong stocks opened 0.28 percent lower today as concerns about the slowing Chinese economy weighed on sentiment. The benchmark Hang Seng Index fel...



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Monday, August 27, 2012

Youngest amateur golfer Ko beats pros at Open

Lydia Ko continued her amazing run Sunday in winning the Canadian Women's Open in Vancouver, the second time the 15-year-old New Zealand amateur has w...



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17 beheadings cap gory day in Afghanistan

Seventeen civilians were beheaded, 10 Afghan soldiers killed and two NATO troops shot dead in a new insider attack in a bloody few hours across Afgh...



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Markets eye Bernanke policy moves

It's the end of the month, so all eyes will again be on the small Wyoming resort town of Jackson – population 9,577 – to see whether Federal Reserve C...



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(US Republican convention) Speaker slots revised

Tropical Storm Isaac forced Republicans to rewrite the script for their national convention in Tampa as party officials scrambled to make sure candida...



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Typhoon to hit Korea

One of the most powerful typhoons in decades is heading towards the Korean peninsula, after bringing heavy rains and strong winds to Okinawa. Japan's ...



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March against national education

Over 30 members of the Civil Alliance Against National Education are marching with blindfolds on from Lai Chi Kok to Tsim Sha Tsui in protest against ...



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Hu to meet Taiwan envoy at Apec gathering

Taiwan's special envoy to the Asia-Pacific Economic Cooperation forum said he plans to meet President Hu Jintao for the fifth and last time next mont...



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Strong earthquake off the coast of El Salvador

A strong earkthquake measuring 7.4 shook an area in the Pacific Ocean off the coast of El Salvador early Monday, the US Geological Survey said, AFP re...



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Sinopec profit slumps on rising fuel costs

Mainland refiner China Petroleum & Chemical Corp (0386) booked a net profit of 24.5 billion yuan (HK$29.9 billion) -- 27 fen per share -- for the six ...



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No cover-up behind state secrets: HKEx

The chairman of the Hong Kong Exchanges and Clearing Chow Chung-kong says listed companies cannot cite state secrets as a reason for refusing to discl...



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Jail sentences for vote-rigging sisters

Three sisters who pleaded guilty to vote-rigging in last year's district council elections have each been sentenced to two months in jail. The trio ...



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(Update) Galaxy's H1 net profit jumps ninefold

Macau casino operator Galaxy Entertainment (0027), posted a forecast-beating nine-fold rise in half-year net profit, boosted by a new casino and a ste...



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Beijing to draft safety law for special equipment

Beijing today started deliberating a draft law on the safety of special equipment, or equipment that operates under high pressure, temperature or spee...



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China aims tourism development through legislation

Chinese lawmakers today started the first deliberation of a draft law on tourism, aiming to promote the development of the country's booming travel in...



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Ronaldinho spectacular goal earns draw for Atletico

A spectacular Ronaldinho strike helped nine-man Atletico Mineiro hold local rival Cruzeiro to a 2-2 draw in Brazil's Serie A championship on Sunday. ...



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S Korea rating upgraded to Aa3

Global credit rating agency Moody's today upgraded sovereign credit rating of South Korea to Aa3 from A1. The rating agency cited strong fiscal funda...



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Galaxy's H1 net profit jumps

Macau casino operator Galaxy Entertainment (0027), posted a forecast-beating HK$3.45 billion in half-year net profit, boosted by a new casino and a st...



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Hang Seng down by break

Hong Kong stocks fell 0.16 percent by the end of the morning session Monday as poor first-half earnings of domestic firms weighed on sentiment. The ...



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Wen calls for efforts to boost trade

Premier Wen Jiabao has called for efforts to stabilize weakening exports amid signs China's economy is weakening despite stimulus efforts. Wen made th...



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Officials confident no Australian Open boycott

Tennis Australia said Monday it was confident players would not boycott the Australian Open over a pay disagreement, but it was taking the threat ser...



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Canada housing affordability drops

Canadian home ownership was less affordable in the second quarter as house prices climbed again in most cities, but demand should cool as new mortgage...



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Sinochem Quanzhou refinery wins final govt approval

State-run Sinochem Corp has won government approval for its first major oil refinery, the 240,000 barrel-per-day Quanzhou refinery on the southeast co...



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Sundance embraces lower Hanlong bid

Australian miner Sundance Resources accepted a US$1.4 billion takeover offer from Hanlong Group, a fifth less than previously agreed, after the Chines...



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Thinktank denies economic zone report

A thinktank with close ties to the Chief Executive has denied reports that the administration has adopted its proposal to set up a new economic zone a...



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Ford, Mazda, Changa split approved: Ford CEO

China has approved a move by Ford Motor Co, Mazda Motor Corp and Chongqing Changan to split their existing joint venture into two separate entities, F...



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Rusal to cut production

Russian aluminium giant Rusal today said it would cut production after seeing its net profit fall 95.25 percent in the first six months of the year, h...



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Nikkei rises by noon

Tokyo stocks rose 0.34 percent on Monday morning, tracking gains on Wall Street last week as hopes grow for fresh economic stimulus from the US Federa...



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Health minister discusses mainland mom issue in Bejing

Secretary for Health Ko Wing-man met with Deputy Director of Hong Kong and Macao Affairs Office of the State Zhou Bo in Beijing to discuss mainland mo...



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Nikkei opens positive

Tokyo stocks opened 0.77 percent highery, tracking gains on Wall Street last week on hopes for more economic stimulus measures by the Federal Reserve...



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(US Republican convention) Storm looms over gathering

(US Republican convention) Hurricane looms over gathering Tropical Storm Isaac lashed south Florida with winds and heavy rain yesterday after batter...



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China industrial earnings slide contines

China's industrial profits dropped 5.4 percent in July from a year ago, quickening from June's 1.7 percent decline and extending a slide into a fourth...



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Investors dump Samsung shares

Samsung Electronics shares tumbled more than 7 percent today, wiping US$12 billion off the South Korean giant's market value, as Apple's sweeping lega...



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Merck seeks approval of cardio drugs

Merck & Co said it plans to file regulatory applications for a new type of blood clot preventer next year, and will also file with regulators for appr...



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Hang Seng, Shanghai on negative ground

Hong Kong stocks opened flat today as investors weighed the prospect of fresh stimulus measures from the United States with Fed chairman Ben Bernank...



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A grotesque - and ludicrous - answer to global warming

British charity peddles absurd idea to offset carbon emissions via contraception in Africa, says Tom Holland.



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Business Digest

Haitong Securities, the mainland's No5 brokerage by market share, says net profit shrank 9.36 per cent to 2.02 billion yuan (HK$2.47 billion) in the first six months of this year on the back of a sluggish market.



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Weak sentiment turns off new market players

The current weak market sentiment is driving more than investors away from the market. It is also discouraging new entrants to the industry, at least for now. "The current market situation definitely has an impact on the number of people looking to sit the licensing examination," a requirement to work in the financial industry, said Anthony Muh Yi-tong, the chairman of the Hong Kong Securities Institute.



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P.E. capital gains tax on Beijing's agenda

Wealthy mainlanders keen to take part in private equity and venture capital deals are being forced to revise their investment strategies amid expectations that Beijing will impose a new capital gains tax that could eat into their profits from such deals.



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Insurers hope talks yield US tax exemptions

Hong Kong and Asian fund houses and insurers are banking on inter-governmental talks to secure exemptions from reporting requirements under a controversial new tax law due to be introduced by the United States.



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Eslite has big cross-strait ambitions

The chain that created a bookshop culture in Taiwan is studying plans for more shops in Hong Kong and as many as four on the mainland. Its management expects its unusual mix of merchandise to be a hit with customers from across the strait as well.



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Cashed-up Yuexiu eyes Guangzhou waterfront site

Yuexiu Property, the property arm of the Guangzhou municipal government, plans to buy a 7 billion yuan (HK$8.54 billion) residential site in the city this year to replenish its land bank.



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Chemical plant to flick switch to coal

China BlueChemical, the fertiliser manufacturing unit of state-owned oil and gas major China National Offshore Oil, plans to make a complete switch from natural gas to coal to power its urea plant in Inner Mongolia by 2015, to ensure the plant stays viable amid rising gas costs.



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Rule changes cut CCB's fee income

China Construction Bank, the second-largest mainland lender by assets, reported its smallest half-yearly profit growth since 2009 as mainland regulatory changes eroded its fee income.



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Briefs

Citic Resources Holdings, the energy and metals arm of state-backed conglomerate Citic Group, reported that first-half profit fell 42 per cent, after last year's income for the same period was boosted by the sale of a stake in MacArthur Coal.



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'Secret' listed business

China High Precision Automation Group, whose shares were suspended from trading over disclosure issues allegedly related to "state secrets", had humble beginnings as a maker of watch components.



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Staying in fashion is a tough sell

International fashion labels have turned China into their main battlefield this summer, opening one new store a week as they bid for the spending power of wealthy consumers in the world's No 2 economy.



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Directors dip into cement buys as share prices fall

Concrete plays by insiders grab attention amid announcements of falls in company earnings, says Robert Halili.



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Sinopec blames 41.6pc fall in profit on weak demand

China Petroleum & Chemical Corp (Sinopec) posted a 41.6 per cent drop in net profit for the first half on weaker demand for refinery products in its home market.



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NVC Lighting disputes 'may hurt' earnings

NVC Lighting's disputes with its former chairman Wu Changjiang may have a limited impact on the Hong Kong-listed firm's first-half results, but could prove costly in the second half.



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IRC faces tough market in search for expansion funds

IRC, an iron ore miner in Russia's far east that serves the northeast China market, is braving tough capital market conditions to complete a new round of financing by the end of the year to fund its expansion projects.



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Friday, August 24, 2012

Pirates release tanker hijacked off Togo

Pirates have released a British-managed oil tanker, five days after hijacking it off Togo in the Gulf of Guinea, the International Maritime Bureau sai...



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Tokyo governor to visit disputed islands

Tokyo's outspoken governor said Friday he would visit a group of islands at the centre of a bitter territorial dispute with China in a move that could...



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S Korea protests Japanese remark on disputed islands

South Korea on Friday protested Japanese foreign minister's claim that South Korea is illegally occupying a set of disputed islets, the latest develop...



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Bus crash in Taiwan injures 21

Twenty-one tourists from the mainland's Guangdong Province were injured in a road accident in Chiayi, Taiwan. A tour bus was stuck on a restricted way...



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Mainlanders prefer to keep foreign currencies

Chinese people were more willing to keep foreign currencies and sell their yuan-denominated assets in July, data from the State Administration of Fore...



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Japan hints at South Korean bond buying freeze

Japan hinted today it could freeze its plan to buy South Korean government bonds as a deepening diplomatic rift over disputed islands threatened to s...



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Union asks prison officer's to wait for verdict on urine swap case

Correctional Officers' Union asks the officers to await court decision despite many being upset of the urine swap claims. Two officers have admitted ...



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BOC outstanding loans to LGFV at 422.5B yuan

Bank of China (3988) today said that total outstanding loans to local government finance vehicles (LGFVs) stood at 422.5 billion yuan (HK$515.5 billi...



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Manila hostage group demands justice

Families of the victims of Manila hostage-taking two years ago, along with supporters and activists, demanded the government to help seek justice for ...



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No change to Japan economy's moderate recovery forecast: BOJ

Bank of Japan Governor Masaaki Shirakawa said on Friday there was no change to the central bank's forecast that the Japanese economy will resume a mod...



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British economy shrinks in Q2

Britain's economic output fell by 0.5 percent in the second quarter, which was better than previously thought but still left the country mired in rece...



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China's Olympic stars in town

A delegation of mainland athletes - who won gold medals at the London Olympics - has arrived in Hong Kong for a three-day-visit. Led by the President ...



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Kim seeks to visit Beijing

North Korean leader Kim Jong-un is seeking an ice-breaking trip to key ally Beijing next month to meet China's outgoing and new leaders, a source with...



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All-time low in development league: Lin

Houston Rockets guard Jeremy Lin said time in the Development League was the lowest in his life ever. "You could lose the job if you didn't play well...



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Olympus sells mobile telecom unit

Japan's Olympus Corp said on Friday it will sell its mobile telecom business for 53 billion yen (HK$5.23 billion) to an investment fund, as the cash-s...



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Norwegian gunman jailed for 21 years

Norwegian gunman jailed for 21 yearss An Oslo court sentenced Norwegian far-right extremist Anders Behring Breivik to 21 years in prison, subject ...



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Hang Seng falls amid stimulus hopes

Hong Kong stocks ended 1.25 percent lower Friday, as investors weighed the prospect of new stimulus measures from the United States and China. The be...



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Chiang 'medal' fails to sell at Hong Kong auction

A medal purportedly presented to late Taiwanese leader Chiang Kai-shek failed to sell at auction in Hong Kong on Friday, after the Taiwanese governme...



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Tenants trapped in divided flats fire

A fire broke out in Mongkok where some tenants have been trapped in what are believed to be divided flats. The blaze was reported at around 11 a.m., ...



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Armstong ends doping charge fight

Seven-time Tour de France winner Lance Armstrong says he'll no longer fight drug-taking accusations by the US Anti-Doping Agency, which is to strip hi...



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BOJ's chief said it will take into account pain of strong yen

Bank of Japan Governor Masaaki Shirakawa said on Friday the central bank will take into account the pain from the yen's rise on the country's economy ...



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Sharp panel plant gets lifeline with big orders

Japan's Sharp Corp said on Friday output at its money-losing LCD television panel plant had almost tripled to 80 percent of capacity since July, givin...



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Al-Qaeda front group claims 43 attacks in Iraq

Al-Qaeda's front group in Iraq claimed it carried out a series of attacks, mostly on security forces, in the western province of Anbar in June and Jul...



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European stocks steady at open

European stock markets held steady at the start of trade on Friday, with London's benchmark FTSE 100 index of leading shares down 0.17 percent to 5,7...



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Quebec Legionnaire's disease outbreak claims six

Legionnaire's disease, which hit Quebec in mid-July, has infected 65 people and killed six, health authorities of the French-speaking Canadian provinc...



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Shanghai closes lowest since March 2009

Shanghai shares closed at their lowest in almost 42 months on Friday, dragged lower by the growth-sensitive coal sector after weak earnings compounded...



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Apple share of China smartphone mkt almost halved in Q2

Apple Inc's share of China's smartphone market almost halved to 10 percent in the second quarter as buyers waited for the next iPhone model - expected...



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Beijing looks to step up property curbs

Beijing is studying new measures to beef up controls on the property sector, state media said on Friday, amid signs of rebounding housing prices in July.



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Peak apartment fetches record HK$470m

A luxury apartment on The Peak has sold for a record HK$470 million, making it the priciest residential flat in Hong Kong and possibly in Asia, reports said on Friday.



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Singapore shifts up to cleaner fuels

Singapore will move towards cleaner fuel and reduce sulphur emissions from cars by 2014 in a bid to keep up with global changes, the Environment Agency said on Friday.



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China shares down 0.7pc, banks hit

The Shanghai Composite Index shed 0.7 per cent on Friday, as the CSI300 Index of the top Shanghai and Shenzhen listings slid 0.8 per cent to 2,283.3, barely off a 7½ month low.



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China to expand rare earths reserves

China plans to add 18,000 tonnes of rare earths to its strategic reserves following an agreement with a domestic producer, a state-linked newspaper said on Friday.



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Nikkei falls ahead of euro talks

Tokyo stocks fell 1.17 percent on Friday, tracking falls on Wall Street and European markets overnight and ahead of a key meeting over aid for debt-h...



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Beijing plans further buildup of rare earths stocks

China to expand rare earths reserves: report China plans to add 18,000 tonnes of rare earths to its strategic reserves following an agreement with a...



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CE says influx of China mums halted

The Chief Executive, Leung Chun-ying, says efforts to stem the flow of pregnant mainlanders giving birth in Hong Kong have succeeded, with recent figu...



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Hang Seng slumps by break

Hong Kong stocks fell 1.13 percent by the end of the morning session Friday, as investors weighed the prospect of new stimulus measures from the US a...



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Bugs found on HK plane

Almost 50 cockroaches were found on a plane flying from Hong Kong to Ningbo, said Ningbo Inspection and Quarantine Bureau. This is the first time to ...



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Wall St falls as Fed doubts knock equities

US stocks fell on Thursday as expectations for quick stimulus action from the Federal Reserve faded and Chinese and euro zone data pointed to a stalling global economy.



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Apple ban in S Korea after patent verdict

A South Korean court ruled on Friday that Apple and Samsung Electronics both infringed on each other's patents, and ordered a partial ban of their products in South Korea.



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China must prepare for economic uncertainty: paper

China should ready plans to respond to near term risks in an economy facing significant downward pressure, but keep the broad policy focus on longer t...



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China deports Myanmar refugees amid fighting

China has forcibly returned scores of ethnic Kachins who have fled Myanmar because of civil war, putting them at risk of armed violence and abuse by M...



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Singapore seizes Italian firm's ships due to unpaid debt

Singapore has arrested two vessels owned by Italian shipping firm Rizzo Bottiglieri De Carlini Armatori due to an outstanding debt of nearly $5 millio...



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Bridge collapse kills three

Three people were killed and five others injured early Friday morning after four trucks they were travelling aboard plunged off a collapsed bridge in ...



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Real loses to Barca in Super Cup first leg

Barcelona have won their first match against Real Madrid under new manager Tito Vilanova, beating their big rivals 3-2 at the Camp Nou in the first le...



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Dozens hurt in rail crash

Two mainland passenger trains have collided leaving dozens of people injured, Xinhua news agency reported, in the latest accident to hit the country's...



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Smog covers HK once again

Very high levels of air pollution are again affecting Hong Kong. At 9am on Friday, the reading at the roadside monitoring station in Central had cli...



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German finance ministry studying "Grexit'' costs: report

A working group led by Germany's deputy finance minister is studying the possible economic impact of a Greek exit from the euro zone, a newspaper repo...



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Beijing mulls further property limits

China is studying new tightening measures to strengthen controls on the property market, the official Xinhua news agency said late yesterday, citing t...



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Apple infringed Samsung patents, Seoul court rules

Apple Inc has infringed on two of Samsung Electronics patents and it has been fined US$35,400 by a South Korean court, the court ruled today. The Sou...



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Nikkei in reverse gear

Stocks in Tokyo lost 1.10 percent in the morning today, tracking falls on Wall Street and European markets overnight. The benchmark Nikkei 225 index a...



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Thursday, August 23, 2012

Merkel heads for Beijing next week

German Chancellor Angela Merkel will visit Beijing next week for talks with Premier Wen Jiabao, the foreign ministry said in Beijing. The August 30 ...



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Finland warns against new 'Berlin Wall'

Finnish European Affairs Minister Alexander Stubb warned Thursday against what he described as an attempt to erect a ''Berlin Wall'' separating northe...



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Tyson throws verbal punches at HK forum

Former heavyweight boxing champion Mike Tyson will meet financiers in Hong Kong next month and while he might be able to offer advice on doing time, t...



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European shares open higher

European stock markets advanced at the start of trade today, mirroring tentative gains in Asia, as sentiment was boosted by economic stimulus hopes in...



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Taiwan readies for typhoon

Taiwan evacuated more than 3,000 people as Typhoon Tembin bore down, threatening powerful winds and torrential rains that authorities warned could tr...



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London rallies on Fed stimulus hints

UK blue chips rebounded early today, paring the previous session's steep losses, helped by dovish comments from the US which reignited expectations th...



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Fuel surcharges for three airlines rise

The Civil Aviation Department have approved for passenger fuel surcharges levied by three airlines to be increased for the period from September 1 to ...



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Depositors swarm Vietnam bank linked to arrested tycoon

Vietnamese are withdrawing money from a major bank founded by arrested tycoon Nguyen Duc Kien, state media said today, prompting the central bank to m...



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Microfinance scheme backs young businessmen

More than 190,000 young people in China's rural areas have benefited from a microfinance scheme designed to help start-up businesses, new figures from...



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German economic strength wanes

Germany’s economic growth slowed to 0.3 percent in the second quarter on a sharp drop in investment, adding to evidence that Europe's largest economy ...



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Fans banned for 5 years after violence

Two men who lit flares and fireworks at preseason soccer matches in Sydney which led to violence in the stands have been handed five-year bans from al...



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Manila hostage survivors demand apology

Survivors of the Manila hostage crisis two years ago have renewed their demands for a formal apology from the Philippines government. Eight Hong Kon...



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