China’s second-largest online retailer JD.com announces US-listing

The online retailer JD.com aims to raise US$1.5 billion in an initial public offering in the US, according to a filing to the US Securities and Exchange Commission on Thursday, making it the largest IPO of a Chinese Internet company in the US so far.

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UK fraud prosecutor seeks extra funds for Libor, other cases

Britain’s leading fraud prosecutor needs an extra 19 million pounds (HK$244 million) by the end of March to help to pay for complex investigations, including a high-profile benchmark fixing inquiry, and a huge damages suit.

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Nintendo shares fall as hard-hit firm sticks with consoles

Nintendo shares fell more than three per cent on Thursday morning as the struggling Japanese videogames giant said it would stick to its hard-hit console business despite slumping Wii U sales.

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Sinopec to co-operate in Hong Kong graft probe

China Petroleum and Chemical Corporation, also known as Sinopec, has said it is co-operating with Hong Kong authorities in an anti-graft probe, media reports said.

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Google quarterly profit climbs 17pc on rising ad revenue

Google on Thursday reported that its profit in the closing quarter of last year climbed to US$3.38 billion on rising ad revenue.

“We ended last year with another great quarter of momentum and growth,” Google chief Larry Page said in the earnings release.

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Apple, Walmart join Obama's pledge on long-term jobless

Apple, Ford and Walmart will Friday lead 300 US companies ready to sign up to President Barack Obama’s pledge not to discriminate against long-term unemployed job seekers.

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China’s bloodstock industry set for the off in Year of the Horse

After a grim few years of economic gloom, Ireland’s thoroughbred horse breeders are looking forward to bright Year of the Horse.

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Chinese metal-making coke exports likely to surge in Indonesia

Indonesia’s ban on exports of unprocessed metal ores will boost Chinese shipments of metallurgical coke by as much as 2 million tonnes a year to smelters being built in the Southeast Asian nation.

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New Zealand poised to raise interest rates as economy booms

New Zealand is poised to become one of the first developed nations to begin raising interest rates after the global financial crisis, in response to a thriving economy.

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Shop charged for bad sales practice

The newly established Special Duties Team set up for the enforcement of the Trade Descriptions Ordinance after its amendment yesterday raided a dried ...



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Paul Chan faces charges

Development Secretary Paul Chan Mo-po has been charged with careless driving over an accident last summer. Chan's vehicle was involved in a collision ...



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CE urges people to help the needy

Chief Executive Leung Chun-ying has called on Hong Kong people to help those in need during the festive season. For his Lunar New Year message, to be ...



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Manila won't apology despite HK sanctions

The Philippines has reportedly said it regrets Hong Kong's decision to impose sanctions on the country over the Manila bus hijacking in 2010, but won'...



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Asian markets dive over renew fears

Asian markets slumped Thursday, extending a global rout on renewed fears about emerging economies after the US Federal Reserve pressed ahead with it...



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Toronto mayor in further legal trouble

Embattled Toronto Mayor Rob Ford is being sued by his sister's ex-boyfriend for allegedly conspiring to have the man beaten in jail to prevent Ford's ...



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Nikkei ends 2.4pc lower

Tokyo stocks tumbled 2.45 percent Thursday as the market was dragged down by worries over emerging markets, after the Federal Reserve further scaled...



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Google offloads Motorola to Lenovo for US$2.91b

Google has agreed to sell Motorola to Chinese technology giant Lenovo for US$2.91 billion, after a lackluster two-year effort to turn around the smart...



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New York Times reporter leaves China after visa denial

A New York Times reporter was leaving Beijing Thursday after authorities did not grant him a visa, in a case that comes as Chinese authorities ratch...



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Hearing on national security

The US Senate Select Committee on Intelligence on Wednesday held a hearing on current and projected national security threats against the country. Sp...



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Oil spills after ship collisions in Singapore waters

The Maritime and Port Authority of Singapore reported two separate incidents of ship collisions near the island of Singapore on Wednesday and Thursday...



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China, Japan spar over shrine visit

China and Japan have accused each other of threatening stability as a diplomatic battle over Japanese Prime Minister Shinzo Abe's visit to a contested...



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Hang Seng finishes lower

Hong Kong shares closed 0.48 percent lower in half-day trading Thursday, in line with a global sell-off after the US Federal Reserve's decision to fur...



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(NBA) Durant leads Thunder past Heat

LeBron James won the last two MVP awards but his grip on the trophy could be slipping after Kevin Durant's Oklahoma City Thunder dominated the Miami ...



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Tokyo stocks dive 3.33pc on US stimulus withdrawal

Tokyo stocks tumbled more than three per cent in morning trade on Thursday, sparked by worries over emerging markets as the US Federal Reserve further scaled back its stimulus programme.

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Activists deny trespassing at army base

Four activists have pleaded not guilty to trespassing at the People's Liberation Army headquarters in Admiralty last month. They are all accused of e...



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(Football) Neymar's Barcelona move under probe

Public prosecutors in Brazil have opened an investigation into Barcelona's signing of Neymar last year. In statement, the public ministry (MPF) of Sa...



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Hongkong Electric makes dim start on stock market

HK Electric Investments, the latest initial public offering by Li Ka-shing, took a tumble on its trading debut yesterday, joining a number of other disappointing listings by Asia's richest man.

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Economists welcome further levelling of China's playing field

Looser regulations on inward and outward bound investment will give firms greater operational autonomy and reduce the need to curry favour with Beijing while also helping mitigate speculative hot money inflows, say economists and investors.

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Galaxy casino chairman Lui Che-woo wants to expand beyond Macau

Lui Che-woo became Asia's second-richest person by setting up a casino company that within a decade became the world's third-biggest by market value. The 84-year-old says he is just hitting his stride.

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China syndrome: Hong Kong's obsession with mainland developments

Every year, I and veteran Apec Business Advisory Council member Anthony Nightingale give a couple of presentations to Hong Kong General Chamber of Commerce members on trends in trade and investment across the region. We would be happy to meet more business groups, but few are willing to give us the time. Even with the chamber, attendance usually sits at a meagre 20 to 25 people, mostly trade officials from consulates.

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SFC and Department of Justice like a divorced couple

We all know that relations between the prosecutions division of the Department of Justice and the Securities and Futures Commission were, shall we say, somewhat strained during the latter stages of Kevin Zervos' sojourn as director of public prosecutions.

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China Credit Trust begins repaying trust investors after rescue

China Credit Trust started repaying investors in a high-yield product whose threatened failure spurred concern of further defaults and contributed to a sell-off in emerging-market stocks and currencies.

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Proposal to relax reit restrictions finds support among some in industry

Some members of the real estate investment trusts industry are upbeat on the proposal to give listed reits greater flexibility to undertake development projects even though others have expressed reservations about it.

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Lenovo to become a more fleet-footed technology company

Lenovo, the world's largest supplier of personal computers, announced late on Tuesday a sweeping reorganisation that would enable the integration of International Business Machines' low-end server business, which the company agreed to buy for US$2.3 billion in cash and shares.

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Regulation of mainland China's banking risks to intensify, says Fitch

The recent stress test required by the Hong Kong Monetary Authority would protect both borrowers and banks from a potential interest-rate rise, but banks' exposures to the mainland remained a major worry and the regulation of such risks is likely to increase this year, according to Fitch Ratings.

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ICBC buys 60 pc of Standard Bank's markets unit

Industrial and Commercial Bank of China, the world's most profitable lender, agreed to pay about US$765 million for 60 per cent of Standard Bank's markets unit to expand in commodities and currency trading.

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Hong Kong lawmakers urge financial reforms must move faster

Lawmakers want the government to speed up its numerous financial reform plans and to go further in helping local financial professionals enter the many planned free-trade zones in the mainland.

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China's securities regulator must step back from the market

The new year was to have brought a new beginning for China's stock market.

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Loans to eurozone businesses still weak: ECB

Lending to businesses in the debt-mired eurozone contracted sharply again in December, European Central Bank showed on Wednesday, suggesting that ec...



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Fireworks banned due to smog

Warnings of heavy smog over central and eastern China this week have prompted the country's weather forecaster to call for a ban on the fireworks trad...



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Billionaire arrested for graft

A billionaire who is reportedly is linked to the downfall of the former mayor of Nanjing has been arrested on suspicion of corruption. Zhu Xingliang ...



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Building of new RTHK HQ delayed

The government has withdrawn a funding request for RTHK's new headquarters in Tseung Kwan O, following failure to obtain enough support from lawmakers...



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HK Electric Investments down on debut

The stock market debut of a utility trust owned by Asia's richest man Li Ka-shing went with a whimper not a bang Wednesday, despite being Hong Kong's ...



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Pan-democrats slam justice chief

Pan-democrats have criticized an article written by the Justice Secretary, Rimsky Yuen Kwok-keung, that asserts Beijing's views on political reforms. ...



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(NBA) Bryant to miss all-star game to nurse injured knee

Kobe Bryant will miss the NBA all-star game after the Los Angeles Lakers said Tuesday the superstar guard still suffers from pain and swelling in his ...



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(NHL) Ovechkin lifts Washington over Buffalo in overtime

Alex Ovechkin capped a four-point night by setting up Mike Green's goal a minute into overtime to give Washington a 5-4 win over Buffalo. Ovechkin ha...



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European markets open positive

European stocks rose at the open on Wednesday, as concerns over emerging markets eased after a big rate rise in Turkey and before a decision on Federa...



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Asian shares rise

Asian markets rose on Wednesday following Wall Street's lead, as tensions over emerging markets eased and ahead of a Federal Reserve decision on its ...



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Hang Seng, Shanghai rebound

Hong Kong shares climbed 0.82 percent on Wednesday, in line with a regional rebound after a Wall Street bounce and an easing of fears about emerging...



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Sleeping with rubbish plan rejected

Legislators have rejected a government proposal to keep a street sleeper's shelter next to a rubbish collection point when the two facilities are relo...



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Turkey stuns investors with massive rate hikes to stem lira fall

Turkey’s central bank hiked all its key interest rates in dramatic fashion at an emergency midnight policy meeting, ignoring opposition from Prime Minister Tayyip Erdogan as it battles to defend the country’s crumbling lira currency.

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Thai firms feel the squeeze from constitutional crisis, seek solution through mediation

Hotel occupancy rates in central Bangkok have plunged. Conventions have been cancelled. Business deals have been postponed. Tourist bookings for coming months are way down.

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Two sentenced to death for Yunnan explosion

Two men were sentenced to death on Wednesday after being found guilty of plotting and causing an explosion that killed four people and injured 16, a c...



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Over one million people face power shortage

Though China's efforts to widen electricity coverage helped 1.5 million people access the national grid last year, another 1.23 million still lack acc...



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Third fatal bird flu case confirmed

A 75-year-old man died after infected by bird flu virus H7N9. He reportedly went to Shenzhen last week. He was admitted to the Tuen Mun Hospital after...



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Poor Wii U sales drag Nintendo profit down

Japan's Nintendo said Wednesday that nine-month profit dived 30 percent on slumping demand for its Wii U games console, and warned again that it wou...



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3 officials arrested over deadly Shenzhen fire

Three officials have been arrested over a deadly market fire last month in south China's Shenzhen Municipality, the city's People's Procuratorate anno...



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8 dead in India road accidents

Indian police say at least eight people were burned to death and another 11 seriously injured when a bus collided with a diesel tanker and a car, and ...



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Singapore PM hits back at social media "pack behaviour''

Internet rules are necessary to restrain ''pack behavior'' in social media and ensure civility between users, Singapore Prime Minister Lee Hsien Loon...



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Nikkei ends 2.7pc higher

Tokyo stocks jumped 2.70 percent by the close Wednesday, snapping a four-session losing streak as the dollar climbed on growing speculation the Fede...



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(NBA) Pistons beat Magic, end losing streak

Andre Drummond had 13 points and 17 rebounds as Detroit jumped over Orlando 103-87 to snap a four-game losing streak. Drummond bounced back from a po...



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(NBA) Knicks ruin Rondo's return

Carmelo Anthony had 24 points and nine rebounds in 28 minutes as New York avenged an embarrassing home loss, taking a 114-88 victory. Jeremy Tyler ad...



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(NBA) New Orleans top Cleveland

Anthony Davis scored 30 points with eight blocks and seven rebounds and Eric Gordon scored 20 to lead New Orleans over Cleveland 100-89. Davis, one o...



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(NBA) Howard leads Rockets past Spurs

Dwight Howard scored 23 points and Terrence Jones had 21 as the Houston Rockets held on for a 97-90 win over the San Antonio Spurs on Tuesday. The Ro...



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Three H7N9 cases in same family

Three members of the same Chinese family have contracted H7N9 bird flu in the province worst-affected by the current spike in cases, the official Xinh...



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China no longer world’s No 1 place to invest, Obama says in sweeping speech

US President Barack Obama extolled his country’s economic gains in recent years, boldly declaring that America had usurped China as the world’s top investment destination and that this year would be a “breakthrough year” for America.

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Obama promises action on economic inequality

US President Barack Obama has promised to bypass a deadlocked Congress to tackle economic inequality in his annual State of the Union address. He ple...



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Suspended jail sentence for rolex scam

A businessman has been given a nine-month prison sentence, suspended for 18 months, for cheating a man out of three rolex watches by claiming he could...



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Obama to keep troops in Afghanistan beyond war

President Barack Obama says a small US military force may remain in Afghanistan next year, but he's promising to declare an end to the 12-year war the...



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US intelligence programs need public trust: Obama

President Barack Obama says US intelligence systems depend on the public's confidence that privacy rights are not being violated either at home or abr...



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Obama calls for limited strikes against al-Qaida

President Barack Obama says the US must remain vigilant against al-Qaida as the terror network takes root across the Mideast and North Africa. The pr...



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Hang Seng up by lunch

Hong Kong shares jumped 1.05 percent on Wednesday morning, taking a lead from Wall Street as fears over emerging economies eased. The benchmark Hang ...



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More Web domain suffixes available

New online neighborhoods open Wednesday when a US company starts offering Web addresses ending in ".guru,'' ".bike'' -- and even ".singles.'' Donuts...



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Anti-graft activists convicted

A court in Beijing has found two activists from the New Citizens movement guilty of disturbing public order. Hou Xin and Yuan Dong were convicted on t...



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Nikkei soars by break

Tokyo stocks rose 1.74 percent Wednesday morning, tracking a rise on Wall Street and as the dollar climbed on speculation that the Federal Reserve wil...



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Obama urges rise in minimum wage

US President Barack Obama urged Congress on Tuesday to raise the federal minimum wage, challenging legislators to help reverse income disparity acros...



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Hot start in Shaanxi Coal prompts market suspension

Shaanxi Coal Industry made a dramatic debut on the Shanghai Stock Exchange yesterday, prompting the regulators to suspend trading in the stock to curb speculation on newly listed issues in a weak market.

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New 7-Eleven in Lan Kwai Fong dismays bar owners

Bar owners in Lan Kwai Fong were dismayed some weeks ago to see a new 7-Eleven convenience store open up opposite Stormies at the top of D'Aguilar Street. Why the dismay?

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Central banks losing their credibility over forward guidance

Former United States president Ronald Reagan was known as the "great communicator" because of his uncanny ability to present voters with a simple, consistent and credible message.

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India raises interest rates over capital outflow fears

India surprisingly raised interest rates yesterday to dampen inflation, saying it was now better prepared to deal with the risk of major capital outflows roiling emerging economies.

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Mortgage provisions push RBS further into the red

Royal Bank of Scotland, Britain's biggest government-owned lender, is on track for its largest pre-tax loss since 2008 after setting aside a further £3.1 billion (HK$39.8 billion) for legal and compensation claims.

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Huawei, Lenovo poised to close gap with smartphone leaders

Huawei Technologies and Lenovo are expected to intensify competition in the global smartphone market after both companies recorded strong unit shipment growth last year.

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Smelters and bankers predict end in sight for aluminium glut

This could be the year the world at last stops churning out much more aluminium than it can use, as economic recovery begins to stoke demand while some producers cut output after years of falling metal prices.

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Stroller maker Goodbaby buys Cybex

Goodbaby International, the largest supplier of strollers in China, North America and Europe, made its first acquisition after listing in Hong Kong in 2010 by purchasing Cybex, a German child safety brand, for €70.7 million (HK$750.77 million).

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InvestHK touts record numbers for last year

InvestHK announced yesterday that the number of overseas and mainland companies it assisted in setting up or expanding in Hong Kong last year reached a record 337 firms, nearly 7 per cent up year on year as it said it was optimistic about 2014 and would focus on attracting more investment from mainland China, France and Asean nations.

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Disappointed investors dump Apple shares

Apple's shares fell more than 7 per cent to trade at US$511 yesterday morning after the company released first-quarter results that disappointed investors.

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Sauce maker Honworld gets hot reception on market listing

Shares in Honworld, which makes and sells cooking wine, soy sauce and vinegar under the Lao Heng He brand, rose sharply on their debut yesterday, extending a buying spree in smaller capitalised stocks.

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Hong Kong asset managers pay US$11m to settle charges in Nexen case

Two Hong Kong asset management firms have agreed to pay US$10.9 million to settle charges by the US Securities and Exchange Commission of insider trading before a bid by CNOOC for Canadian oil firm Nexen.

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Don't get carried away by advances in technologies

Automation, said Google chairman Eric Schmidt, is "a race between people and computers [that] people need to win". It's the kind of crowd-pleasing apocalyptic remark that littered the just-ended annual Davos talkfest, which prides itself on setting the global business and political agenda.

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Scrutiny increases after trade mismatch between China and Hong Kong

The mainland's trade numbers, distorted by fake exports last year, are set to come under renewed scrutiny after a discrepancy between Hong Kong and mainland figures for bilateral trade widened to the largest in eight months.

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Foxconn in talks with US states over factory plans

Foxconn Technology Group, the maker of Apple's iPhones and iPads, is in talks with several US states to build advanced facilities as part of plans to set up factories closer to its clients.

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By avoiding a small crisis now China risks a big one in future

Yesterday the 700 investors in China's "Credit Equals Gold No 1 Trust" were able to breathe a collective sigh of relief after their stricken shadow market investment scheme got bailed out.

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Deutsche Bank manager found dead in London home

William Broeksmit, a former senior manager at Deutsche Bank with close ties to co-CEO Anshu Jain, has been found dead at his home in London in what appears to have been a suicide.

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Ikea group sees consumer recovery worldwide, posts record profit

The Ikea Group, the world’s top furniture maker, said on Tuesday it saw signs consumer spending was starting to recover in many of its markets as it posted record full-year profits.

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VietJetAir to firm up US$9b order for Airbus jets, sources say

Low-cost Vietnam airline, VietJetAir, is set to firm up part of a US$9 billion order for up to 92 Airbus aircraft and will announce this at the Singapore Airshow in February, sources familiar with the situation said.

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Feuding Kwok family reach ‘amicable agreement’ over SHKP property empire

The Kwok family, which controls Hong Kong's second-biggest developer, Sun Hung Kai Properties, announced yesterday that it had reached "an amicable agreement regarding the treatment of the family's interests" that control the HK$260 billion real estate empire.

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Taiwan posts robust Q4 growth on improved exports and surging domestic consumption

Taiwan's economy expanded at a faster-than-estimated pace in the fourth quarter of last year as recoveries in Europe and the United States boosted the island's exports.

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Man fined for assaulting FEHD officer

A 59-year-old male licensed newspaper stall hawker who attacked a Food and Environmental Hygiene Department officer and refused to produce a hawker li...



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4 killed by blast on Indian oil tanker docked in China

An Indian oil tanker being repaired at a shipyard in eastern China exploded and caught fire Tuesday, killing four people and leaving three missing, Ch...



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Morsi trial over jailbreak starts

The trial of Egypt's ousted president Mohamed Morsi and 130 others over charges of 2011 jailbreak kicked off in Cairo on Tuesday, state TV reported on...



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Mainland press freedom getting worse

The International Federation of Journalists says press freedom in the mainland continued to deteriorate last year -- with the authorities adopting mor...



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Singapore agency attracts S$12b fixed asset investment in 2013

Singapore's Economic Development Board attracted S$12.1 billion in fixed asset investment in 2013, the investment promotion agency said on Tuesday. T...



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19 dead in Indonesia landslides

Two landslides triggered by torrential rain killed at least 19 people and left 10 others missing on Indonesia's main island of Java, a government offi...



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Govt to sell three sites

The Lands Department announced today that a commercial site and two residential sites in the 2013-14 Land Sale Program will be disposed of by public t...



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Chinese ivory smuggler gets record sentence after landmark Kenya trial

A court in Kenya on Tuesday slapped a record sentence on a Chinese ivory smuggler, the first person to be convicted under tough new laws designed to...



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Hang Seng, Shanghai finish flat

Hong Kong stocks ended flat on Tuesday in cautious trade ahead of a Federal Reserve policy meeting as investors wait to find out the bank's plans fo...



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US folk singer Pete Seeger dead at 94

Legendary American folk singer Pete Seeger, known for renditions of songs like "If I had a Hammer'' and "Where Have all the Flowers Gone,'' has died...



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Singapore ex-gangster jailed 20 years for torching former lover

An ex-gangster has been jailed for 20 years in Singapore for burning his former lover to death, in a case the judge said was one of the worst of its...



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Taiwan's strait affairs chief to visit mainland

Wang Yu-chi, Taiwan's mainland affairs chief, will lead a delegation to visit the Chinese mainland next month, a mainland spokesman announced on Tuesd...



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(Badminton) Two Korean players banned for missing dope tests

South Korea's 2008 Olympic badminton gold medallist Lee Yong-Dae and another player Kim Ki-Jung have been banned for one year for missing doping tes...



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Sun Hung Kai settles dispute, Walter Kwok resigns

Walter Kwok Ping-sheung has resigned as a non-executive director fro Sun Hung Kai Properties (0016), the local developer said in a statement. The fam...



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Panel meets first time on standard working hours

The government's advisory committee on standard working hours has held he first of three consultation meetings with employers' associations and labor ...



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(NBA) Clippers end road skid

Blake Griffin dominated the paint with 20 points, Jamal Crawford scored 25 and Los Angeles ended its seven-game road trip with a win over Milwaukee 11...



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(NBA) Jazz beat short-handed Kings

Derrick Favors had 17 points and 12 rebounds, and Marvin Williams added 16 points and 11 rebounds to power Utah past depleted Sacramento 106-99. Enes...



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(NBA) Raptor's Patterson seals victory over Nets with steal

Patrick Patterson stole Deron Williams' inbounds pass and made the go-ahead jumper with 6 seconds left, and Toronto stopped a five-game winning streak...



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(NBA) Durant leads Thunder past Hawks

Kevin Durant scored 30 points or more for the 11th consecutive game as Oklahoma City Thunder rallied to beat the Atlanta Hawks 111-109 on Monday. D...



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Doubts over opposition to RTHK funding

The government says it doesn't understand the logic of lawmakers who opposed its funding request for a new RTHK headquarters. The Secretary for Comme...



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Hang Seng flat by lunch

Hong Kong shares rebounded slightly in Tuesday's morning session following the previous day's sell-off, as investors await the end of a Federal Reserv...



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US to drop legal action against Deloitte over China accounting

The US Securities and Exchange Commission (SEC) moved on Monday to drop its action against multinational accountancy firm Deloitte Touche Tohmatsu for the records of a US-listed Chinese company after authorities in Beijing released them.

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HKMA urges Hong Kong banks to keep higher-than-Basel capital reserves

The Hong Kong Monetary Authority is in talks with local lenders to keep more reserve capital than is required internationally in case there is an economic downturn – but banks have opposed the recommendation, sources say.

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SK Telecom profit surges in 2013

SK Telecom, South Korea's biggest wireless operator, said Tuesday its net profit for 2013 jumped 44.3 percent on increased value of its stock invest...



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New Zealand's human rights credibility questioned after report to UN

Legal experts and opposition parties have accused the New Zealand government of omitting some of the countries' main human rights failings in its repo...



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Woman sentenced to 5 years for ecoterrorism blazes

A woman accused of taking part in ecoterrorism firebombings has been sentenced to five years in prison. Rebecca Rubin pleaded guilty to conspiracy an...



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Poultry trading suspended after new H7N9 cases

Authorities in eastern China have banned live poultry sales after an increase in the number of people infected with the H7N9 strain of bird flu, state...



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Seoul to finalize jet fighter deal this year

South Korea plans to finalize the purchase of 40 next-generation F-35 jet fighters from US aerospace giant Lockheed Martin later this year, Seoul's mi...



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Asian shares mixed before Fed meeting

Asian markets were mixed Tuesday after suffering a heavy sell-off in the previous session, with traders still nervous over emerging economies as they ...



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Keeping the taxman on the other sideof the mountains

"As the next step, the taxation administration will rigorously investigate major cases of tax fraud," the [State Administration of Taxation] said.

SCMP, January 25

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Manila's City of Dreams casino a bet on China, says James Packer

Luxury boutique hotel chain Nobu is setting up its first Asia hotel in the US$1.3 billion City of Dreams Manila gambling resort as the project goes all out to reel in wealthy punters from China.

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Hong Stocks under pressure amid fears of slow down in China

Hong Kong stocks are under mounting pressure after jittery investors started to withdraw their capital amid renewed concerns over a slowdown on the mainland, default risks and tightening monetary conditions in the world's second-largest economy.

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Spain logs record tourism earnings in 2013

Spain announced Monday it raked in a record 59 billion euros from foreign tourists in 2013, luring an unprecedented number of visitors of whom many s...



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China detains global hacker

Chinese police have detained an alleged member of an international gang of hackers in a joint operation with US, Indian and Romanian police. Liu was ...



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(Football) Baines inks new deal with Everton

England left-back Leighton Baines has signed a new four-year contract with Everton, manager Roberto Martinez confirmed on Monday. Baines had been l...



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4 more grassroots activists stand trial

Four members of a grassroots movement seeking to curb corruption among Chinese officials and boost fairness in education stood trial on charges of dis...



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British boarding schools – Asia marketing pays off

If you’re fed up with Hong Kong’s waiting lists, astronomical debentures for international schools and ESF politics, you might be thinking of sending your offspring to boarding school in England.

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China to build high-speed rail for Winter Olympics bid

An express railway linking Beijing and the northern city of Zhangjiakou is expected to begin construction in 2014 and be completed in 2017, a local of...



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Immigration Dept defends maid decision

The Immigration Department has defended its action in allowing an Indonesian helper, who'd allegedly been seriously abused by her employer, to leave t...



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New concerns over tourist influx

Legislators have raised further concerns about Hong Kong's capacity to deal with increasing numbers of tourists. A government report has forecast vis...



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Tutor molested young girls

A 29-year old tutor has been convicted of molesting four young girls between the ages of eight and nine. Sentencing has been adjourned pending psychol...



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Sochi corruption file revealed

Russian opposition leader and anti-corruption campaigner Alexei Navalny on Monday launched a website to publish a wide range of data pointing to corru...



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Asian shares down as emerging market fears return

Asian markets sank on Monday following the worst losses on Wall Street in seven months, with investors gripped by renewed fears over emerging econom...



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Hang Seng, Shanghai finish lower

Hong Kong shares sank 2.11 percent Monday, in line with a global sell-off on renewed fears about emerging economies. The benchmark Hang Seng Index fe...



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Hackers target Israeli defence computer: data expert

Hackers attacked Israeli computers including one used by the defence ministry department dealing with civilians in the occupied West Bank, an Israeli...



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Moody's slashes Sony's credit rating to junk

Moody's cut its credit rating on Sony to junk on Monday, saying the Japanese electronics giant had more work to do in repairing its battered balance s...



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(NBA) Paul, Garnett leads Nets over Celtics in first return

Paul Pierce and Kevin Garnett returned to the TD Garden for the first time since they were traded to New York last July, and they combined for 12 poin...



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Smartphone sales boost LG profits

LG Electronics, the world's No.3 smartphone maker, said Monday that its fourth-quarter operating profit in 2013 rose due to robust sales of smartphone...



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A China investor's lessons from 2013

Just before the Year of the Snake ends, the market is roiled by a dramatic sell-off across the globe.

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Over 70pc of Japanese say not feeling Abenomics' benefit

Nearly three-quarters of Japanese people are feeling no effect from "Abenomics'', a new poll has shown, despite global acclaim for Prime Minister Sh...



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Uniqlo operator plans to list on HK bourse

The operator of Japanese cheap-chic clothing chain Uniqlo said Monday it was planning a secondary share listing in Hong Kong, as the company expands i...



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Lily Chiang's appeal bid rejected

Businesswoman Lily Chiang Lai-lei has failed in her bid to overturn a conviction for a HK$3-million share-option scam that saw her serve 21 months in ...



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Nikkei ends 2.5pc lower

Tokyo stocks closed 2.51 percent lower on Monday following a sell-off on Wall Street and as the dollar sank against the yen on concerns over emerging ...



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(Cricket) Sri Lanka beat Bangladesh in opening

Seamer Shaminda Eranga claimed two wickets as Sri Lanka reduced Bangladesh to 72-4 in the opening session of the first Test in Dhaka on Monday. The t...



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Weibo: personal moments from Autohome, New Oriental, LinkedIn

In this final edition of my weekly microblog column from the Year of the Snake, I thought I'd step back from all the promotional hype I usually write about and look at the more ordinary and often revealing moments from some of China's top tech executives.

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JPMorgan, Credit Suisse among 10 banks join Shuanghui IPO syndicate

Shuanghui International, China’s biggest pork producer which acquired Smithfield Foods for US$4.7 billion last year, has added another 10 underwriting banks to the syndicate for its ongoing US$5 billion Hong Kong initial public offering, accor

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(NHL) Bieksa leads Canuck over Coyotes in OT

Kevin Bieksa scored his second goal of the game at 2:15 of overtime, lifting the Canucks to a 5-4 victory over the Coyotes. Zac Dalpe and Chris Higgi...



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(NHL) Blackhawks lose to Jets at home

Al Montoya made 34 saves, Andrew Ladd scored his 150th goal and the Jets rallied to beat the slumping Blackhawks 3-1. Blake Wheeler had two third-per...



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(NHL) Panthers beat Red Wings in shootout

Nick Bjugstad scored in a shootout and Tim Thomas denied Detroit three times, lifting the Panthers to a 5-4 win over the Red Wings after trailing by t...



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(NHL) Rangers take on Devils at Yankee Stadium

After sun reflecting off the ice delayed the first hockey game at Yankee Stadium, the New York Rangers and pinstriped goalie Henrik Lundqvist beat the...



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Former Marlboro man dies from smoking-related disease

Eric Lawson, who portrayed the rugged Marlboro man in cigarette ads during the late 1970s, has died. He was 72. Lawson died Jan. 10 at his home in Sa...



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Man gets death for killing doctor

A Chinese court sentenced to death Monday a patient who fatally stabbed a doctor over what he considered a botched nose operation, state media report...



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'Random Access Memories' gives Daft Punk another Grammy

French electro duo Daft Punk on Sunday won the Grammys for best album and best record, in a triumph for the self-styled robots. Daft Punk took home ...



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Teenager Lorde wins 2 Grammys

New Zealand teenager Lorde, pictured, on Sunday upset music veterans to win two Grammys with her chart-topping song "Royals.'' Lorde, 17, took home a...



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Hong Kong’s gold sales rise ahead of Lunar New Year

Hong Kong’s jewellery stores are said to have reported a robust gold sales volume this January from the same period last year, fuelled by the demand of the golden horses ahead of the Lunar New Year in the year of the horse, but the falling gold price jewellers are not exp

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Thai army chief vows to step up security measures

Thai army chief Prayuth Chan-ocha on Monday pledged to closely work with the government-run Center for Managing Peace and Order (CMPO) to further stre...



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Warning of medicine waste danger

The Hong Kong Academy of Pharmacy has urged people not to throw expired or unwanted medicine into rubbish bins at home as it could contaminate water a...



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Sharp decline in graft complaints

Graft complaints last year fell by a third to 2,600 from the number in 2012, according to the ICAC's Advisory Commimittee on Corruption. The committee...



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Hang Seng tracks Street losses, slumps 2pc

Hong Kong shares tumbled 2.06 percent Monday, following heavy losses on Wall Street owing to renewed concerns about emerging market economies. The ...



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Daft Punk claims record of the year Grammy with "Get Lucky"

French electronic music duo Daft Punk won the coveted record of the year Grammy on Sunday for "Get Lucky,'' featuring Pharrell Williams and Nile Rodg...



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Yoko Ono in Beatles family reunion at Grammys

The surviving Beatles on Sunday reunited in spirit with their late bandmates as Yoko Ono danced at the Grammys to the jamming of Paul McCartney and ...



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Hongkongers coming round to green approach for lai see money

With the Lunar New Year approaching this Friday, Hongkongers are increasingly taking an environmentally friendly approach to lai see money.

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Govt to introduce paternity leave

Secretary for Labour and Welfare Matthew Cheung Kin-chung says the government plans to introduce legislation allowing for three days of paternity leav...



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NHK chief slammed for comfort women remark

Japan's top government spokesman has defended the new head of public television NHK for his remarks that the use of women as military prostitutes was ...



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(NBA) Heat beat Spurs in finals re-match

The first meeting between San Antonio and Miami since the Heat's triumph in last season's bruising NBA finals went all Miami's way Sunday. Chris Bo...



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Japan books record hight trade shortfall in 2013

Japan's trade deficit swelled to a record US$112 billion in 2013, official data showed Monday, as the benefits of a cheap yen for exports were dilute...



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SKorea locks farms down amid bird flu

South Korea imposed Monday a 12-hour lockdown on poultry farms in three provinces to curb a spreading bird flu outbreak, banning the movement of ani...



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Asian markets tumble

Asian markets sank on Monday following the worst losses on Wall Street in seven months, with investors gripped by renewed fears over emerging economie...



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Sell-off on Street sends Nikkei lower

Tokyo stocks fell 2.49 percent Monday morning following a sell-off on Wall Street and as the dollar sank against the yen on concerns over emerging e...



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Foreign investors sideline Shanghai's free-trade zone in favour of manufacturing

Shanghai's leaders have been served up an embarrassment of riches in the latest figures for foreign direct investment flows into the mainland's commercial capital.

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London's lord mayor Fiona Woolf takes aim at the glass ceiling

Fiona Woolf is shooting high with her ambitions to promote London's financial markets, but her aim is just as sharp on a priority close to her heart: boosting career opportunities for women and minorities.

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Direct selling of beauty products may get ugly after Nu Skin scandal

Perhaps the only real surprise in the recent scandal surrounding cosmetics firm Nu Skin Enterprises is that it has taken this long for the mainland to investigate pyramid scheme accusations against the direct seller.

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Can pre-IPO listings be a step towards financial reform?

While the mainland market is back in business for listings after a freeze on new offerings for more than a year, investment bankers and investors are seeking more clarity on the regulators' reform agenda.

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CSOP fund seeks higher yuan quota to satisfy global demand

CSOP Asset Management, the biggest renminbi qualified foreign institutional investor, is applying for a higher yuan quota to tap growing global demand for Chinese assets as the authorities relax investment restrictions.

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Consumer credit fails to fulfil promise

The mainland's 1.3 billion people may suggest boundless opportunities for consumer credit companies but the experience of this fledgling industry has been anything but promising.

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Have trade zones become a victim of power struggle?

One, two, three … keep going … 12. Now you have reached the magic number the central government has come up with for free-trade zones to support its new round of economic reforms.

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China tightens watch on growing e-commerce sector

In the space of just three years, online sales on the mainland soared from US$3 billion to US$64 billion in 2012, a figure that took the United States a decade to achieve.

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Dual-share structure can work in Hong Kong, says US lawyer

Dual-share structures for listed companies that are bolstered by safeguards could work in Hong Kong, a senior US-based lawyer said, but the city's regulator is not convinced.

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Busy week for directors' inside trades

Directors kept up a busy pace last week, with 43 companies reporting 220 trades worth HK$374 million in filings to the stock exchange.

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Fund managers and brokers prefer to invest in firms with women on their boards, surveys say

Having a diverse range of people on a company's board is no guarantee of increased profitability, research by a shareholder activist has found, but some fund managers and brokers prefer to invest in firms with more women on their boards.

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SFC backs consultation on circuit breakers

The Securities and Futures Commission backs the stock exchange's move to study whether circuit breakers are needed to protect the market from sharp price movements.

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Profit warnings point to 2013 being another bad year

Shareholders have been put on alert over poor corporate earnings for last year, with a rash of warnings from Hong Kong-listed companies underscoring challenges as the mainland economy remains mired in its weakest growth in 14 years.

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Truant school kids jet off to the sun - with their own credit cards

Runaway Stonyhurst pupils “safe and well” in the Caribbean, we read. Well there’s a relief. Not the slightest bit discomforted by the furore that’s shortened their lovely holiday.

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Cruising tips – and a chilly welcome for Kai Tak passengers

The new cruise liner terminal is now finally up and running at Kai Tak. A few ships have used it, but once passengers get over the disappointment of not docking at Ocean Terminal, they face another surprise. No taxis.

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Beijing says US should stop new dumping probe on solar cells

China’s commerce ministry called on the United States on Sunday to stop anti-dumping investigations into imports of solar power products from China, expressing “serious concern” and vowing to defend its producers.

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India, Japan to cooperate in energy, telecoms

India and Japan have signed agreements on cooperation in the energy and telecom sectors during Japanese Prime Minister Shinzo Abe’s visit to New Delhi.

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Fear grips markets as investors worry about China's growth and US profits

Fear is back in the market. Investors are worried about slower economic growth in China, a gloomier outlook for US corporate profits and an end to easy-money policies in the United States and Europe. They're also fretting over country-specific troubles around the world - from economic mismanagement in Argentina to political instability in Turkey.

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At Davos, fear of economic hard landing for China, and Japan enmity

The risk of a hard landing for China's economy and the threat of military conflict with Japan were among the top concerns for experts gathered at the World Economic Forum in Davos.

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JP Morgan head Jamie Dimon paid US$20m for 2013 despite fines

JPMorgan Chase head Jamie Dimon's pay nearly doubled to US$20 million for 2013, despite the bank being forced to pay out billions to resolve legal and regulatory cases arising under his tenure.

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US fires back at Apple bid to thwart e-book monitor

US prosecutors on Friday fired back at Apple’s bid to derail a court-ordered monitor in its e-book price-fixing case.

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Solar industry bouncing back on mainland China after prolonged downturn

The mainland's solar panel industry is showing signs of booming again after a prolonged downturn - raising fears of another bust when the splurge of public money that is driving a spike in demand dries up.

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SFC to tighten check for misconduct

Listed companies, which see auditors jump ship or the departure of several directors, will come under closer scrutiny this year as the Securities and Futures Commission focuses on its new role as a corporate regulator, says chairman Carlson Tong Ka-shing.

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Get the right ingredients and serve up a winning IPO dish

Nightclub operator Magnum Entertainment is the talk of the town. Cooking such a red-hot initial public offering is no easy task. You need the right ingredients.

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The Women's Foundation seeks those with blue-chip credentials

The Women's Foundation is looking to boost its brand and spread its message further by hiring a marketing and communications manager. Last year, it made something of a splash with a number of high-profile initiates that attracted some attention.

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Remy Martin chief quits as mainland China demand slows

The head of Remy Cointreau's cognac division, Patrick Piana, has stepped down two days after the French spirits group reported a 32 per cent slump in third-quarter cognac sales because of slowing demand on the mainland.

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ICBC bailout of trust product unlikely

Beijing appears to be shoring up its resolve to resist pressure for a bailout of a 3 billion yuan (HK$3.8 billion) trust product that is seen as a test of the willingness of authorities to push ahead with moves to reduce risks in the financial system caused by spiralling debt.

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China hits back at SEC over audit ban on US listings of Chinese companies

China has warned the United States of "consequences" after the Securities and Exchange Commission (SEC) barred the four largest accounting firms from conducting audits of US-listed Chinese companies.

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Lenovo's IBM server deal faces near-term challenges

After basking in the glow of its US$2.3 billion deal to buy the commodity server business of International Business Machines, it's time for Lenovo to face up to some of the uncertainties the major acquisition brings.

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Alibaba buys controlling stake in Citic 21CN

Mainland e-commerce giant Alibaba has joined a recent wave of corporate investments in little-known listed firms, providing a much-needed boost for Hong Kong's lacklustre stock market before the Lunar New Year break.

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Housing constructions down to four-year low

Figures show the number of new flats has fallen to a four-year low, despite government efforts to boost supply. Last year, 8,300 new private residenti...



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More evidence on maid case

A senior forensic pathologist and a police photographer from Hong Kong have arrived in east Java to help gather evidence on the alleged abuse of an In...



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Germany's AAA debt rating affirmed

International credit rating agency Fitch affirmed Friday the top-notch triple-A rating on Germany's sovereign debt and said the outlook was stable. ...



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SAfrica cops arrested over protest killing

Four South African police officers were arrested and charged on Friday for the killing of a protester in a slum outside Johannesburg this week, a sp...



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Britain and West can bring jobs, factories back from Asia, Cameron to say at Davos

British Prime Minister David Cameron will use a speech at Davos on Friday to say Britain and the West have an opportunity to boost their economic fortunes by luring back jobs and factories from Asia, a trend he says is already under way.

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Samsung quarterly profit falls for first time in two years as new iPhones snatch sales

Samsung Electronics posted its first decline in quarterly profit in two years, hit by a one-off special bonus as well as slowing smartphone sales as it braces for a year of tougher competition with rival Apple.

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Despite Fed tapering, Beijing concerned about capital inflows

China’s firmer yuan and higher interest rates could attract more money inflows this year, despite the possible impact of the US Federal Reserve’s tapering of its easy money policy, the foreign exchange regulator said on Friday.

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Pyongyang ends open letter to Seoul urging detente

North Korea repeated its call for South Korea's "positive response" to its "important proposals" on improving inter-Korean relations, the official KCN...



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China jobless rate at 4.1pc

China's urban unemployment rate stood at around 4.1 percent in 2013, the Ministry of Human Resources and Social Security said Friday. The unemploymen...



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Boy found day in Oita, Japan

Local police have started a murder investigation after a seven-year-old boy suffered injuries and died at a family home in the southwestern Japanese p...



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Another activist on trial

One of the founders of an amorphous movement seeking to end China's one-party rule went on trial Friday amid tight security in the southern city of Gu...



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Nikkei ends 1.9pc lower

Tokyo stocks closed 1.94 percent lower on Friday, dragged down by a rally in the yen against the dollar and worries over emerging economies after we...



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Hospital official jailed over baby selling

A Chinese hospital official involved in a baby trafficking case has been sentenced to one year imprisonment for dereliction of duty, a court announced...



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HKMA to highlight liquidity risk in stress test for local banks

The Hong Kong Monetary Authority plans to conduct a thorough stress test on local banks this year, warning of excessive credit growth and mounting liquidity risk as capital flows out of the city’s banking system in response to the tapering of quantitative easing in the Un

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European air traffic controllers to strike next week

Planned strikes by air traffic controllers in several European countries are expected to disrupt flights next week, the Austrian Press Agency (APA) re...



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Smog hits central China

Moderate and heavy smog will linger in southern and central parts of north China and the Guanzhong area of Shaanxi Province, while a cold front will b...



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New tests for bird flu

A more accurate test has been launched to screen mainland poultry imports for H7N9 bird flu. The new serology checks can detect antibodies to the viru...



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Opposition to mandatory drug-testing

Several social workers' groups and pro-democracy parties have called on the government to scrap the proposed mandatory drug-testing scheme. They peti...



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Hang Seng down at break

Hong Kong shares fell 0.66 percent on Friday morning, in line with a regional sell-off and following losses on Wall Street. The benchmark Hang Seng ...



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Samsung books lower profit in Q4

South Korea's Samsung said Friday operating profit tumbled almost a fifth in the fourth quarter, due to a one-off bonus and slowing sales of the ele...



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Appeal Court rejects Kissel's arguments

The Court of Appeal has ruled that there are no grounds for Hong Kong's highest court to again review the case of convicted murderer, Nancy Kissel. M...



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Civil engineer Simon Wong built a small family restaurant business into a HK$1 billion company

Simon Wong Kit-lung is executive director of restaurant management firm LHGroup. Under his management, the company has grown to 30 restaurants, including The Banqueting House and Gyu-Kaku brands, and has over HK$1 billion in annual turnover.

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Huge seized ivory stockpile to be destroyed

Hong Kong says it plans to destroy most of its huge stockpile of confiscated illegal ivory. Thursday's decision comes after similar action by mainla...



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US probes on dumping of Chinese solar products

The US Commerce Department on Thursday opened an investigation into whether China and Taiwan are dumping a certain class of solar cells into the US ...



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IMF holds up new quota reforms

The International Monetary Fund on Thursday put off for one year a new round of quota reforms, blaming the lack of US ratification of a previous rou...



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Quebec elderly home hit by blaze, 30 feared dead

Canadian firefighters searched the ashes of a Quebec retirement home Thursday after it burned nearly to the ground on a bleak midwinter night, leavi...



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Bieber busted in Miami drunk driving

Pop star Justin Bieber was charged with driving under the influence after police caught him drag racing in Miami Beach early Thursday -- allegedly a...



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Nikkei slumps by break

Tokyo stocks tumbled 1.54 percent on Friday morning, tracking falls on Wall Street and hurt by a rally in the yen against the dollar. The benchmark...



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Why a recession would be good for China

China’s economic growth slowed in the final three months of last year to 7.7 per cent, the weakest quarter since 2009, but still way too fast to allow for the restructuring that the country urgently needs.

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Local government financing needs revamp to avoid risk of excessive debt, analysts say

The fast growth in China’s local government debt has highlighted the urgency of a revamp to the country’s seriously imbalanced fiscal system – under which the central government should shoulder more of the load, to ease the burden on provincial, city, county and township

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Wanxiang says it will 'bid rationally' in Fisker electric car auction

Billionaire Lu Guanqiu, a former blacksmith's apprentice who built China's biggest car parts company, says he has an edge over a rival bid for bankrupt US plug-in hybrid car maker Fisker Automotive, and would welcome ties with Tesla Motors, another US electric car maker.

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China trust product's fate hangs in balance amid talk of bailout

The fate of a three billion yuan (HK$3.81 billion) trust product that was expected to become the first trust default of the year hangs in the balance, with talk of the local government and the product's backers moving to avert a default.

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Magnum shares soar on disco firm's debut

Hong Kong's first listing of a nightclub and disco operator, Magnum Entertainment, rode on a recent wave of impressive first-day pops as it almost doubled its offer price in its trading debut yesterday.

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Esprit sees 'slight' profit in first half

Struggling apparel retailer Esprit Holdings expects to turn a "slight" profit for the first half following stringent cost-cutting measures.

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Performance not a factor in Hong Kong CEO pay scale, study finds

The pay of chief executives and the performance of the companies they run have little in common suggests a report on Hong Kong listed firms that also revealed the paucity of women in the boardroom.

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Hong Kong banks get negative rating from Moody's for second year

Hong Kong's banking system has received a "negative" rating from credit agency Moody's for the second year running on the back of concerns about lower profitability and growing credit risks due to its exposure to the mainland where shadow banking is a problem.

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