Friday, May 30, 2014

CE supporters get top jobs

Supporters of the Chief Executive, CY Leung, have been chosen to head statutory bodies in a reshuffle. The bodies include the Airport Authority, Trad...



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Sheringham joins West Ham

Former England striker Teddy Sheringham has joined West Ham United in the role of attack coach as the Premier League club bid to improve their forward...



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UK to count prostitution, drugs when calculating GDP

Britain's Office of National Statistics says prostitution and the import, manufacture and consumption of illegal drugs should be counted when making t...



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11 killed in Kenya ethnic clashes

At least 11 people have been killed and several others wounded in fighting between rival clans in Wajir in Kenya's remote northeast, police said Frida...



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Two killed in phone search

A man and his mother both died trying to retrieve his wife's new mobile phone from a toilet septic tank in China, reports said Friday, with four other...



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French lottery winner to donate 50 million

Amid all the gloom over a stagnating economy, serial scandals and a surge in support for the far-right, France finally had a good news story to celebr...



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Thai activists to defy protest ban

An anti-coup activist in Thailand is calling for a rally Sunday to defy the military government's ban on protests, urging those opposed to the army ta...



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23 arrested in Barcelona violence

Police in Barcelona have arrested 23 people after a fourth night of clashes with hooded youths. A police spokeswoman says that after a peaceful prote...



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Rape victim's mother attacked in India

Police say three men have been arrested in northern India for brutally attacking the mother of a rape victim after she refused to withdraw her police ...



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(NBA) Ex-Microsoft boss to buy LA Clippers: statement

Former Microsoft chief Steve Ballmer has signed an agreement to buy the Los Angeles clippers basketball team for $2 billion, according to a statement ...



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Spain arrests 6 suspected jihad recruiters

Spain's Interior Ministry says police have arrested six members of a group that allegedly recruited jihadist militants to fight in Libya and Mali. A ...



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US lawmakers support marijuana laws

The U.S. House of Representatives voted early Friday in favor of blocking the federal government from interfering with states that permit the use of m...



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Hang Seng ends higher

Hong Kong shares rose 0.31 percent Friday, bucking a regional trend, following another record-breaking close on Wall Street. The benchmark Hang Seng...



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2nd diver dies in search of SKorean ferry

A diver has died during the search for people still missing inside a sunken South Korean ferry. It's the second such death among divers mobilized si...



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Rebels 'completely cleared' from east: Ukraine

Ukraine's acting defense minister said on Friday that his forces had "completely cleared'' parts of the separatist east from pro-Russian rebels who h...



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Bulgarian government survives no-confidence vote

The center-left government of Bulgarian Prime Minister Plamen Oresharski survived a no-confidence vote in parliament on Friday, the fourth such motion...



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Government tries to address incinerator concerns

The Undersecretary for the Environment, Christine Loh Kung-wai, says the best way to address public concerns about the proposed Shek Kwu Chau incinera...



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3 Cheung Kong firms to acquire Australian gas pipeline firm Envestra





Cheung Kong (Holdings), Cheung Kong Infrastructure (CKI) and Power Assets have joined hands to acquire Envestra, an Australian gas pipeline firm, in a cash deal worth A$2.37 billion (HK$17 billion).









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European markets open lower

Europe's main stock markets retreated at the start of trading on Friday, with London's FTSE 100 index of top companies dropping 0.23 percent to stan...



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40 pct of Sri Lankan children, women affected by anemia:UNICEF

UN Children's agency UNICEF warned that Sri Lanka faces severe nutritional challenges with large numbers of children and women affected by Iron Defici...



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Bomb damages UK hotel; nobody injured

Northern Ireland police say a bomb has detonated in the lobby of a Londonderry hotel, but a swift evacuation ensured that nobody was injured. The dev...



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College officer arrested for graft

Chinese authorities have arrested a man for allegedly taking bribes while serving as an admissions official at Beijing's elite Renmin University. The...



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Gun safety show wounds five

A policeman's handgun went off accidentally when two officers held a safety demonstration at a kindergarten in China to mark International Children's ...



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(Flight MH370) Aussie transport boss says searching in right area

The head of Australia's transport safety bureau has defended the fruitless hunt for missing Malaysia Airlines Flight MH370, saying he is confident t...



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Four men lose JR bid on ID cards

A High Court judge has rejected an application by four men for a judicial review of the decision to revoke their permanent identity cards. The four c...



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Budget debate close to end

The marathon budget debate is nearing its end. Lawmakers have voted on more than 900 amendments out of nearly 1,200 moved during a filibuster by radic...



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Japan inflation surges to 23-year high after tax hike

Japan's consumer prices rose 3.2 percent from a year earlier in April to the highest level since 1991, the government said Friday, largely due to a sa...



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Nikkei down at close

Tokyo's Nikkei 225 index closed down 0.34 percent on Friday, snapping a six-day winning streak, as the stronger yen dented exporters and erased early...



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Quake hits China-Myanmar border

A moderately strong earthquake struck an area along China's southwestern border with Myanmar on Friday, but there were no immediate reports of injurie...



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Carrie Lam urged to compromise

The chairwoman of the Democratic Party, Emily Lau, says she's urged the Chief Secretary, Carrie Lam, to do her job by working towards a consensus on p...



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13 Malaysians arrested over teen gang-rape

Malaysian police have arrested at least 13 people -- many of who are related -- over the alleged gang-rape of a 15-year-old girl, reports said Friday....



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8 workers killed in Manila fire

Eight female workers were killed in a fire in Pasay City in the Philippine capital region of Metro Manila before dawn Friday. Bureau of Fire Protecti...



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Hang Seng up by lunch

Hong Kong shares ended the morning session 0.23 percent higher on Friday following another record close for Wall Street. The benchmark Hang Seng Inde...



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China fines eye-wear makers

China has fined Johnson & Johnson, Nikon and five other foreign makers of eyeglasses and contact lenses on price-fixing charges in its latest effort t...



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New IPCC head sparks concerns

Concern has been raised over the appointment of solicitor Larry Kwok Lam-kwong as the new chairman of the Independent Police Complaints Council. Kwok...



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Divers search for captain after tanker blast

Divers on Friday were searching for the captain of an oil tanker that exploded and sank off the Japanese coast. The coastguard deployed six patrol sh...



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(NBA playofffs) Spurs win to lead in West finals

Tim Duncan had 22 points and 12 rebounds and Manu Ginobili scored 19 points as the San Antonio Spurs rolled to a 117-89 victory over the Oklahoma City...



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FIFA likely won't fully check WCup venues

FIFA may not be able to fully test the Sao Paulo stadium with a capacity crowd before the World Cup opener in two weeks. Only 40,000 tickets are bein...



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Japan consumer spending, factory output skid after rise in sales tax





Japan’s household spending fell at the fastest rate in three years last month in a sign that consumption could be slow to recover from an increase in the nationwide sales tax, raising questions over the pace of economic recovery.









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New IPCC head raises concern

Concern has been raised over the appointment of solicitor Larry Kwok as the new chairman of the Independent Police Complaints Council. Mr Kwok is see...



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Google lets European be 'forgotten'

Google began late Thursday letting people in Europe formally request to be "forgotten'' by the world's leading Internet search service. The move cam...



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As mainland demand peaks, wine importer moves online





The mainland’s wine industry has had little to toast since 2012, when Communist Party chief Xi Jinping launched a crackdown on official extravagance, yet some players have found a silver lining amid the gloom.









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(NHL playoffs) Rangers beat Canadiens, reach Cup finals

Dominic Moore scored in the second period as the New York Rangers beat the Montreal Canadiens 1-0 on Thursday night to advance to the Stanley Cup fina...



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Microsoft CEO reaches deal for Clippers: source

Shelly Sterling reached an agreement Thursday night to sell the Los Angeles Clippers to former Microsoft CEO Steve Ballmer for $2 billion in what woul...



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US debunks Snowden claims by releasing email

The US government released an email Thursday written by Edward Snowden, in a bid to debunk his claim that he raised concerns about mass spying progra...



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Ford recalls 1.4m vehicles over steering faults

US car giant Ford has announced it is recalling a total of 1.4 million vehicles. Approximately 1.1 million sport utility vehicles (SUVs) sold in Nort...



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Online attack threat leads to arrest

Police have arrested a 27-year-old man for allegedly posting threatening pictures and messages on a social networking website. Photos of knives were ...



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HK-born politician to quit due to racism

A Hong Kong-born Northern Irish politician, Anna Lo, says she is to quit politics -- and is considering leaving the territory because of growing racis...



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Elon Musk unveils spacecraft to ferry astronauts

Billionaire Elon Musk has taken the wraps off a new spacecraft designed to ferry up to seven astronauts to the International Space Station. The unvei...



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Nikkei down by break

Tokyo stocks fell 0.55 percent Friday morning as the stronger yen dented exporters and erased early gains after another record close on Wall Street. ...



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Thursday, May 29, 2014

Low turnout won't end Occupy movement

The organizers of Occupy Central say a low turnout in a mock referendum at the end of June won't result in the civil disobedience movement being scrap...



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3 men, including cops, arrested for gang-rape, murder in India

Authorities in northern India said Thursday that they have arrested three men, including two police officers, suspected of gang-raping and killing two...



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Japan to ease NKorea sanctions once kidnap probe starts

Tokyo will lift some of its sanctions on North Korea when the reclusive state begins a promised investigation into the kidnapping of Japanese nation...



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'Good times are over' fears cloud European businesses: survey

European businesses fear the "good times are over'' in China, a survey showed Thursday, citing the country's slowing economic growth, rising labor c...



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Baosteel closer to Aquila takeover

Chinese iron and steel giant Baosteel moved a step closer to securing its AU$1.4 billion takeover of Aquila Resources after the Australian governmen...



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Alibaba to announce partnership members for IPO: report

Chinese e-commerce giant Alibaba, which is preparing a massive US stock offer, plans to reveal the 28 people who effectively control it, the firm sa...



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High turnout expected for June 4 vigil

Organizers of the annual June 4 candlelight vigil to commemorate those who died in the Beijing massacre in 1989, say they expect a high turnout at Vic...



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Antiquities Board urges MTR to protect ancient relics

The Antiquities Advisory Board has urged the MTR Corporation to do more to protect ancient relics unearthed at its construction site in To Kwa Wan. I...



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One-third of world overweighed

Almost a third of the world is now fat, and no country has been able to curb obesity rates in the last three decades, according to a new global analys...



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(Football) Arsenal backup goalie Fabianski to join Swansea

Poland goalkeeper Lukasz Fabianski is moving from Arsenal to Swansea after his contract expired at the north London club. The 29-year-old Poland inte...



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Another pan-democrat meets Zhang Xiaoming

A second pan-democrat lawmaker has met Beijing's top representative in Hong Kong to discuss political reform. But Ip Kin-Yuen did not inform his pan-...



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Russia to set up Eurasian Economic Union

Russia on Thursday signed an agreement with Belarus and Kazakhstan on creating a Eurasian Economic Union designed to strengthen ties between the thr...



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Japan police probe man's death after Chinese academic disappears

Japanese police were Thursday probing the death of a man believed to be a Chinese academic who told his wife he was in danger shortly before he disa...



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Spain logs fastest growth since 2008

Spain reported Thursday the fastest economic growth since a devastating 2008 property crash, even as 5.9 million people searched in vain for work wi...



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Thai junta rules out immediate election

Thailand's ruling junta says it has no desire to "cling to power'' but it gave no clear timeframe for when it will allow free elections to take place....



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Five injured as gun goes off during school safety talk

A Chinese state news agency says a gun went off during a police officer's safety talk at a kindergarten, injuring five people. The Xinhua News Agency...



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Hang Seng, Shanghai down at close

Hong Kong shares slipped 0.30 percent on profit-taking Thursday as investors took their lead from a sell-off on Wall Street. The benchmark Hang Sen...



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Apple pays US$3b for music streaming and headphones firm Beats





Apple will buy Beats for about US$3 billion and bring recording mogul Jimmy Iovine into its ranks, hoping to win points with the music industry and help it catch up in fast-growing music streaming.









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BMW attacked, fights back with EV launch





German luxury automaker BMW (Frankfurt: BMW) is in two sets of China headlines today, coming under a media attack for its high prices as it separately announced it will bring its electric vehicles (EVs) to the market.









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Chinese drilling rig off Vietnam likely to strike gas, experts say





A Chinese oil rig, the deployment of which in waters claimed by Vietnam early this month triggered a rupture in ties, has a good chance of finding enough gas to put the area into production, Chinese industry experts said.









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Three arrested after raping, killing sisters in India

Police have arrested three people for allegedly gang-raping and hanging two teenage sisters from a tree in a village in northern India. Superintenden...



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Ukraine rebels confirm they held OSCE observers

The leader of pro-Moscow insurgents in the city of Slavyansk in eastern Ukraine on Thursday confirmed that his forces had detained four observers from...



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Job seekers warned over data leaks

Jobs seekers have been warned to be wary of employment advertisements that don't identify the employer, but ask for an applicants' personal details su...



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Ukrainian rebel leader claims holding observers

An insurgent leader is quoted as saying by the Interfax news agency that his fighters are holding four observers from the Organization for Security an...



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Nikkei gains for sixth day

Tokyo stocks extended their winning streak to a sixth straight session on Thursday, but a stronger yen and profit-taking held back the Japanese market...



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West Island line to miss scheduled opening

The MTR Corporation says the opening of the West Island line could be delayed by about three months until early next year. The railway blamed ground ...



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(Flight MH370) Searchers confirm missing plane not into targetted area

An Australian agency says investigators have concluded that the missing Malaysian jet is not within an area thought to be its most likely resting plac...



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Three soldiers killed in Pakistanian roadside bombing

At least three soldiers were killed and another two wounded in a roadside bomb blast in northwest Pakistan on Thursday, officials said. The incident...



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Mercedes less wary about sharing know-how as it steps up push into China





Battling to catch up with German rivals in China, luxury carmaker Daimler is shifting gears, giving authorities there unprecedented access to new Mercedes models and even tailoring engines destined for its home market to Chinese regulations.









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Macau withdraws perks bill after protests

The Macau government has withdrawn a controversial bill that would have granted lavish retirement packages to top officials. The move follows a prote...



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ISAF member die in Afghanistan crash

A member of the International Security Assistance Force in Afghanistan has been killed in a helicopter crash in the south of the country, the NATO-led...



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(Flight MH370) Suspicious pings came from missing plane

The US Navy has described as "speculative" claims that underwater pings thought linked to the missing Malaysia Airlines plane were probably not coming...



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Brad Pitt attacked at premiere

A man was led away in handcuffs after attacking Brad Pitt on the red carpet at the Hollywood premiere of the movie "Maleficent.'' Pitt was apparently ...



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Kim Jin-su out of sKorean squad

Kim Jin-su has been ruled out of South Korea's World Cup squad due to an ankle injury. The Korea Football Association announced Thursday that Park Jo...



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(NHL playoffs) Blackhawks stay in series with OT victory

Michal Handzus scored 2:04 into the second overtime as the Chicago Blackhawks defeated the Los Angeles Kings 5-4 Wednesday to stay alive in their We...



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Hang Seng up by break

Hong Kong stocks rose 0.46 percent on Thursday morning, extending recent gains, as traders await the release of revised US growth figures later in t...



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Ubisoft apologizes for bomb scare

French video game developer Ubisoft apologized ''unreservedly'' on Thursday after an Australian office was evacuated and a police bomb squad called ou...



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(NBA playoffs) Indiana Stays Alive With Game 5 Win

Paul George scored 21 of his 37 points in the fourth quarter as the Indiana Pacers staved off elimination by beating the defending champion Miami Heat...



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'Living fossil' discovered in New Zealand

A microscopic marine creature believed to have been extinct for four million years has been found alive and well in New Zealand waters, researchers sa...



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Ningxia relaxes one-child policy

Northwest China's Ningxia Hui Autonomous Region on Thursday relaxed its family planning policy to allow couples to have a second child if either paren...



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Legislators hold mini Tiananmen vigil

More than a dozen pan-democratic lawmakers have held a mini candlelight vigil outside the Legislative Council building, calling for the vindication of...



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Man arrested after attacking Brad Pitt at 'Maleficent' premiere

A man was led away in handcuffs after attacking Brad Pitt on the red carpet at the Hollywood premiere of the movie "Maleficent.'' Pitt was apparently ...



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One missing as Japan oil tanker explodes

The coast guard says a Japanese oil tanker has exploded off the country's southwest coast near Himeji port, leaving one of the eight people aboard mis...



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Annan, Clinton possible to get a say in Nobel Prize

International figures such as Kofi Annan and Hillary Clinton could get a say in who wins the Nobel Peace Prize, as a recent spat with China pushes Nor...



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Key role in Pearl River Delta will ensure Hong Kong’s future, author says





That Hong Kong is losing ground against regional rivals Shanghai, Singapore and even Seoul is a given among some business leaders and politicians, who are quick to blame the city’s declining competitiveness and its whingeing youth.









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(Football) United owner Glazer dies at 85

Malcolm Glazer, the controversial American owner of English Premier League giants Manchester United, died Wednesday. He was 85. Glazer -- the son of ...



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Ruling on review over HKTV soon

The High Court will give a ruling within two weeks on whether to grant leave for a judicial review of the government's refusal to issue a free-to-air ...



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Snowden wants to go back to US

Fugitive self-proclaimed spy Edward Snowden admitted Wednesday he wants to return home, as he defended his massive leak of intelligence secrets, say...



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Nikkei flat by break

Tokyo stocks ended the morning session flat Thursday as the stronger yen hit exporters and investors booked profits following a five-day winning str...



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Tanker explodes off Japan coast: coastguard

Japan's coastguard was rushing Thursday to deal with an explosion and subsequent fire aboard a tanker off the country's coast, officials and the pri...



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Wednesday, May 28, 2014

Terrorism still threatening: EU

The European Union's police organization says the threat of terrorism across the 28-nation bloc is "acute and diverse,'' despite a fall in the number ...



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Iran says no to summoning Facebook CEO

An Iranian prosecutor has denied reports that a local judge ordered Facebook founder and CEO Mark Zuckerberg to appear in court to answer complaints b...



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French police clear out illegal migrants

French police are clearing out makeshift camps in the English Channel port city of Calais housing hundreds of illegal migrants from Syria, Afghanistan...



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US withdrawal plan condemned by Taliban

The Taliban on Wednesday condemned President Barack Obama's announcement that US forces would remain in Afghanistan until the end of 2016. "Now tha...



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BP loses payment extension bid

A US court of appeals rejected on Tuesday the request of Britain's oil giant BP to extend a halt of disputed payments to businesses claiming damages i...



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Loans to private sector in Eurozone continue to shrink

Loans to the private sector in the euro area -- a gauge of economic health -- are still contracting, but at a slower rate than before, European Centra...



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Crew of chemial weapons watchdog mission attacked

The global chemical weapons watchdog says members of a fact-finding mission investigating allegations of chlorine attacks in Syria were ambushed and d...



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Li Ka-shing to buy Canadian Park'N Fly

Two companies controlled by tycoon Li Ka-shing have teamed up to buy a Canadian car park operator for HK$2.8 billion. In his latest foray abroad, Che...



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MtGox to put Bitcoin trademarks for sale: report

The holding company of collapsed virtual currency exchange MtGox is looking to sell the trademark to the word Bitcoin, The Wall Street Journal said ...



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Li Ka-shing buys Canadian carpark operator

Two companies controlled by tycoon Li Ka-shing have teamed up to buy a Canadian car park operator for HK$2.8 billion. In his latest foray abroad, Che...



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Germany logs more jobless in May

Unemployment in Germany rose unexpectedly May as clouds begin to appear on the horizon of Europe's biggest economy and favourable statistical effect...



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SKorean PM nominee withdraws candidacy

South Korea's prime minister nominee Ahn Dai-hee offered Wednesday to withdraw his candidacy amid mounting criticism over his excessive salaries as a ...



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Google building own auto cars

Google has started building its own self-driving car that it hopes to begin testing as early as this year. "They won't have a steering wheel, accele...



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Weir Group withdraws Metso bid

Scottish engineering firm Weir Group said on Wednesday it had abandoned a 4.6-billion-euro takeover bid for Finnish peer Metso after its offer was r...



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(Flight MH370) Victims' families slam Malaysia for covering

Families of passengers aboard missing flight MH370 on Wednesday accused Malaysia of withholding crucial satellite data, saying a long-awaited report ...



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Hong Kong stocks 0.59% higher at close

Hong Kong ended 0.59 percent higher on Wednesday, in line with a regional rally after another record-breaking performance on Wall Street. The benchma...



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Li-controlled companies buy Canadian parking firm for HK$2.48b





Cheung Kong (Holdings) and Cheung Kong Infrastructure (CKI), both controlled by Asia’s richest man, Li Ka-shing, agreed to buy a parking business in Canada for C$347.6 million (HK$2.48 billion).









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Strong demand to keep milk product prices high, says Fonterra





New Zealand’s Fonterra, the world’s largest dairy exporter, signalled that robust demand from China, Latin America and Southeast Asia would keep milk product prices near historical highs in the coming season.









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Is the customer always right?





The customer is always right: this is the mantra repeated by every bright spark who thinks that flattery will get you everywhere.


They may be right but, in the famous words of Evelyn Waugh’s fictional tame editor, only “up to a point”.









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Cambodia jails three foreigners for drug smuggling

A Cambodian court sentenced three foreigners from Australia, France and Nigeria to between 23 and 27 years in prison on Wednesday for attempted heroin...



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Obama to review foreign policy

As the US emerges from more than a decade of war, President Barack Obama is seeking to recast American foreign policy as an endeavor aimed at building...



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Man imprisoned for wildlife smuggling

A Chinese was sentenced to 70 months in prison by a U.S. district court on Tuesday for smuggling rhinoceros horns and ivory artifacts, Fox News report...



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Murdock's newspaper shows Kate's bare bottom

One of Rupert Murdoch's Australian newspapers on Wednesday published a picture showing the bare bottom of Prince William's wife Kate, refusing to fo...



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Chinese journalist detained before anniversary

A Japanese newspaper says one of its Chinese employees has been detained by police ahead of the 25th anniversary of the 1989 crackdown on the Tiananme...



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Five Thai monks involved in child sex abuse: police

Thai police on Wednesday said they had charged five defrocked Buddhist abbots with sexually abusing eight boys at monasteries around the northern cit...



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Energy official ousted over graft probe

Xu Yongsheng, deputy director of the National Energy Administration, has been removed from his post, said the Organization Department of the Central C...



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Occupy Central considered failure if fewer than 100,000 voters

Occupy Central co-organizer Chan Kin-man said he hoped more than 230,000 people will vote on June 22 referendum to pick the right proposal on politica...



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Suspected dinosaur fossil found in Hebei

Chinese researchers said they have discovered a suspected dinosaur fossil in a hilly area in northern Hebei Province. The femoral and cervical spine ...



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Manhunt of serial urine splasher in Japan

Tokyo police are on the hunt for a serial urine splasher after at least six cases in which the liquid was splashed over young women by a motorcyclis...



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(NBA playofffs) Thunder equalize series at 2-2

Russell Westbrook had 40 points and 10 assists, helping the Oklahoma City Thunder beat the San Antonio Spurs 105-92 on Tuesday night to level the West...



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Hang Seng higher at mid-day

Hong Kong stocks ended the morning session 0.83 percent higher Wednesday following another record close on Wall Street. The benchmark Hang Seng Inde...



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Four cops killed inTunisia

Four Tunisian police officers were killed during a "terrorist'' attack overnight on the home of Interior Minister Lotfi Ben Jeddou in the west-centra...



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Seoul subway train set on fire

An arson attack caused fire at a subway train in the South Korean capital city of Seoul, local broadcaster YTN reported Wednesday. The fire broke out...



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China cracks down on WeChat

China is targeting popular smartphone-based instant messaging services in a month-long campaign to crack down on the spreading of rumors and what it c...



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109 school kids hospitalized in kindergarten food poisoning

Suspected food poisoning in a kindergarten in south China's Hainan Province on Tuesday has left 109 kids hospitalized, though none are in serious cond...



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(Football) Pochettino named new Spurs manager

Tottenham's new manager Mauricio Pochettino pledged to fulfil the club's desire for success with style after being hired on a five-year contract on Tu...



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(NBA) Indiana's Paul George fined for bashing refs

The NBA fined Indiana forward Paul George US$25,000 on Tuesday for criticizing the officiating in the Pacers' playoff loss to Miami the night before. ...



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(NBA) Sterling says league ban illegal

Donald Sterling on Tuesday vowed to fight the NBA's "illegal'' efforts to terminate his ownership of the Los Angeles Clippers. Sterling met the NBA'...



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CNPC to invest US$2b in Peru over next 10 years





China National Petroleum Corporation (CNPC) expects to invest at least US$2 billion in Peru over the next 10 years, after having recently bought Petrobras’ assets in the country, a top CNPC executive said on Tuesday.









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Judge orders jury re-selection for Hui case

The trial for the corruption case against former chief secretary Rafael Hui Si-yan and Sun Hung Kai Properties co-chairmen Thomas Kwok Ping-kwong and ...



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(NHL playoffs) Montreal force Game 6

Rene Bourque scored three goals and the Montreal Canadiens chased goalie Henrik Lundqvist to beat the New York Rangers 7-4 on Tuesday, staving off eli...



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Money laundering law could extend to non-financial firms





The Hong Kong government is expected to extend the law against money laundering – now applicable only to the financial sector – to lawyers, accountants, property agencies and jewellery shops, industry observers say.









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Starbucks controlled by 7-Eleven in Australia

The owners of the 7-Eleven chain in Australia have taken control of coffee giant Starbucks' struggling local operations in a bid to turn around its ...



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California shooting victims remembered

Thousands of students attended a memorial service Tuesday for the victims of a college shooting rampage, as the university declared a day of mournin...



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22 kids injured in traffic accident

A school bus lost control near 81 Chun Wah Road, Ngau Tau Kok at around 9.00 am. Twenty-two pupils were injured, where 20 others were taken to the hos...



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Couple fall from building in Sham Shui Po

A man died after he was found lying on Yu Chau Street in Sham Shui Po with a woman this morning. Police said the couple were suspected to have fallen...



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Tours to Thailand, Vietnam cancelled

The Executive Director of the Travel Industry Council has said all tours scheduled for departure to Thailand and Vietnam -- between May 31 and June 9 ...



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SKorea hospice fire kills 21

A fire swept through a South Korean hospice for elderly, infirm patients early Wednesday, killing 21 people in what police said appeared to be an ac...



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Nikkei flat by break

Tokyo stocks ended the morning session flat on Wednesday as early advances were pared by profit-taking following four successive days of gains. The...



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Growing service sector held back by regulation, protectionism





Considering the prominence of services in the global economy, it is salutary to be reminded of the extent to which costly regulation and protectionism weigh upon the sector.









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Tuesday, May 27, 2014

Taylor Swift cancels Thailand concert

Country-pop star Taylor Swift has cancelled an upcoming sold-out concert in politically turbulent Thailand, the singer confirmed Tuesday, after the a...



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Eight alleged robbers shot dead in Philippines

Police shot dead eight suspected robbers in an gunbattle at a checkpoint near the Philippine capital on Tuesday, a statement said. It said officers ...



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(Football) Bale to rest in Wales-Holland friendly

Champions League hero Gareth Bale will miss Wales's friendly international away to the Netherlands next week, the Football Association of Wales annou...



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(Football) Pizarro to stay at Bayern for one more year

Bayern Munich striker Claudio Pizarro has agreed to stay for another year at the club. The Bundesliga side says that the 35-year-old Peruvian extende...



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Asia's largest wine fair kicks off in Hong Kong

Asia's biggest wine and spirits fair opened in Hong Kong on Tuesday, drawing the world's top producers from France to Chile despite China reporting t...



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EU agency warns of new psychoactive drugs

The European Union's drug agency says new psychoactive substances continue to proliferate across the continent, with their volume, diversity and avail...



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New bridge to link China, North Korea

Construction on a new bridge over a river separating China and South Korea has started, authorities of northeast China's Jilin Province said on Tuesda...



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EU leaders to talk after landmark elections

European Union leaders are seeking a way to bounce back from Sunday's landmark elections that saw a partly hostile and largely apathetic public questi...



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New challenges for China monetary policy: PBOC

China's central bank chief said the country is facing unusually intricate economic circumstances at present, which pose new challenges to the bank's m...



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Norway arrests 3 for links to al-Qaida

Norway's security service says three men with alleged links to an al-Qaida splinter group have been arrested on preliminary charges of supporting or p...



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French opposition head urged to step down

The leader of France's embattled main opposition party faced resignation calls Tuesday after shock claims that invoices for former president Nicolas...



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Ukraine PM refuses to talks with Russia

Ukraine's premier said on Tuesday that Kiev did not trust Russia enough to open direct negotiations aimed at ending a deadly insurgency in the separ...



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Govt says bomb material seized in Xinjiang

Police in China's Xinjiang have seized 1.8 tonnes of bombmaking material and detained five people, authorities said Tuesday, following a string of d...



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Biggest banks to pay up to 15m euros each for ECB supervision

The eurozone's biggest banks will face an annual bill of up to 15 million euros apiece for being supervised by the European Central Bank, the ECB sai...



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Hang Seng, Shanghai dip

Hong Kong stocks finished marginally lower on Tuesday, in line with a broad regional sell-off, as investors took profits following recent gains. Th...



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Beijing slams US for cyber spying

Beijing has accused Washington of "unscrupulous" cyber surveillance that included large-scale computer attacks against the Chinese government and Chin...



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Quake hits Iran

A 5.1 magnitude earthquake shook a southern Iranian city on Tuesday, US seismologists said, with the tremor felt as far away as Dubai but no immediate...



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Thai minister condemns coup

A Cabinet minister who defied an order to report to Thailand's new military junta emerged Thursday from hiding for the first time since last week's co...



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European markets directionless

Europe's main stock markets were mixed at the start of trading of Tuesday as London played catch-up with Frankfurt and Paris following a public holi...



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Lloyds Bank to list part of TSB unit

State-rescued Lloyds Banking Group announced on Tuesday its intention to float about part of its TSB unit as part of plans to meet European Union co...



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Bribery trial suspended due to missing juror

A juror's non-appearance has halted the high-profile corruption trial of former Chief Secretary Rafael Hui and the co-chairmen of Sun Hung Kai Propert...



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MTR to raise fare by 3.6pc

MTR Corporation is increasing fares by 3.6 percent, effective from June 29. Meanwhile, the mass transit operator will extend the offer of 10-percent ...



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30 insurgents killed in Ukraine: rebel

At least 30 bodies of killed fighters have been brought to a hospital following a day of heavy fighting in Donetsk in eastern Ukraine, in which the go...



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Man arrested after wife killed

An old woman was killed in a flat in Wang Cho House, Wang Tau Hom Estate, Wong Tai Sin. Her husband has been arrested. At around 11a.m., the victim's...



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SKorean leader orders fast arrest of ferry owner

South Korean President Park Geun-hye on Tuesday instructed prosecutors to make a speedy arrest of the de facto owner of the sunken ferry Sewol that sa...



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CY denies cut of mainland visitors by 20pc

Chief Executive Leung Chun-ying says Hong Kong will study how to slow -- or even halt -- the surge in visitor arrivals before revamping facilities to ...



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Incinerator plan gets green light in Legco

Funding to build a HK$18-billion waste incinerator at Shek Kwu Chau has been approved by Legco's public works subcomittee, despite attempts by pro-dem...



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HIV cases reach three-month high

The Center for Health Protection has reported a record 154 HIV infections in the first quarter of this year. Homosexual contact remained the most com...



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Probes expected into more foreign drug maker : report

China is putting more foreign drug firms under scrutiny, state media said Tuesday, days after the conclusion of a police probe into alleged bribery b...



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Nikkei near two-month high

Tokyo stocks rose 0.23 percent on Tuesday to their highest close in nearly two months, as the yen boosted exporters in thin trading. The benchmark ...



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Tornado hurts nine in North Dakota oil patch

A tornado struck a workers camp in North Dakota's oil patch on Monday, injuring nine people, including one critically, and destroying eight trailers w...



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(Golf) Chinese player debuts in US Open

China's Liang Wenchong and Shiv Kapur of India are set to make their US Open debuts next month after coming through sectional qualifying. Liang, 35...



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Pakistan bus accident kills 16

A bus accident on Tuesday in Pakistan's northwestern valley of Swat left 16 people dead, including 10 children, officials said. The bus, carrying p...



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Rare conjoined twins die

Australian conjoined twins Hope and Faith, who shared a body and skull but had separate brains and identical faces, have died almost three weeks aft...



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Malaysia releases data on missing jet

The Malaysian government has released 47 pages of raw satellite data used to conclude that the missing Malaysia Airlines jet crashed into the southern...



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(NHL playoffs) Kings take 3-1 lead over Chicago

Jake Muzzin, Marian Gaborik and captain Dustin Brown scored in a dominant first period, helping the Los Angeles Kings beat the Chicago Blackhawks 5-2 ...



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India names finance, defence minister

India's new Prime Minister Narendra Modi appointed top corporate lawyer Arun Jaitley as his joint finance and defence minister and Sushma Swaraj as t...



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HSI dips in morning

Hong Kong stocks shed 0.20 percent in the morning session Tuesday as investors took their cash off the table following recent gains. The benchmark ...



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Five terror suspects detained

Chinese state media say police in China's restive northwest have detained five terrorism suspects and seized 1.8 tons of raw materials that could be u...



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Vietnamese boat "rammed and sunk": official

A Chinese ship rammed and sank a Vietnamese fishing boat amid a tense territorial confrontation in the South China Sea over Beijing's deployment of a...



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AKB48 cancels events after attack

Japan's hugely popular female pop group AKB48 canceled fan events Monday after a saw-wielding man attacked two members and a staffer, shocking the nat...



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Birmingham City stocks surge after receiving offer

Birmingham City's Hong Kong holding company said it received an undisclosed offer for a stake in the football club, sending its shares soaring, months...



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(Rugby) Sam Tomkins fined for wee indiscretion

The New Zealand Warriors fined star recruit Sam Tomkins NZ$2,000 Tuesday for urinating in public while out celebrating his team's National Rugby Leagu...



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(NBA playoffs) Heat roll 3-1 on Pacers

LeBron James had 32 points and 10 rebounds and Chris Bosh added 25 points as the Miami Heat moved one win away from a return trip to the NBA Finals wi...



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Pope praises Israeli, Palestinian presidents

Pope Francis on Monday praised the ''courage'' of Israeli President Shimon Peres and Palestinian leader Mahmud Abbas after both agreed to come to the ...



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Nikkei up by break

Tokyo stocks rose 0.87 percent Tuesday morning as the yen dipped against the dollar, boosting exporters. The benchmark Nikkei 225 index was up 126.8...



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CY say no to cutting tourist numbers

The Chief Executive C Y Leung says there is no plan to reduce the number of mainland visitors to Hong Kong by 20 percent -- following a number of medi...



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Gaps to be filled in jumbo Sino-Russian gas deal





The US$400 billion (HK$3.1 trillion) 30-year Sino-Russian gas agreement inked last week by the two nation’s state-backed energy giants was hailed by analysts as a win-win deal, but some unknowns could affect the sharing of benefits and risks.









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Beijing urged to comply with Foreign Account Tax Compliance Act





Hong Kong financial institutions with mainland affiliates are hoping Beijing signs an agreement with Washington soon on a new US tax disclosure law, because of concerns mainland financial institutions will otherwise find it difficult, if not impossible, to comply with the









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Weibo: Smartisan charms techies, Jumei's Chen on defensive





The tech world was buzzing this past week over the launch of yet another domestic smartphone brand, though I'll admit I was a bit puzzled by all the microblog posts from a wide range of executives.









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Monday, May 26, 2014

Xinjiang 'extremists' arrested

State media says police have broken up 23 extremist groups this month in the western region of Xinjiang, where separatists from the Uighur Muslim mino...



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S.Africa mining strike talks resume

South Africa's platinum producers and a union are due to resume talks on Monday in an effort to stop a four-month-long strike that has wreaked havoc i...



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Thai protest leader freed on bail

The leader of mass protests against the former Thai government, which was toppled last week by an army coup, was freed on bail by a court Monday, la...



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Power equipment maker official kicked out of party

A senior mainland official at a state-run power equipment maker has been expelled from the communist party for taking huge bribes. The party's anti-gr...



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Singapore manufacturing up by 4.6 percent

Singapore's manufacturing output expanded by 4.6 percent on year in April, mainly due to strong performance of the biomedical sector, the city-state's...



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Hang Seng flat, Shanghai up

Hong Kong stocks closed almost unchanged on Monday as profit-taking offset early gains that were fuelled by a record close in New York. The benchma...



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Airlines to start real-time tracking in place despite higher costs

Major airlines fully support global real-time tracking of their planes following the disappearance of MH370 despite the additional cost, a senior Un...



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Faulty seatbelts prompt Holden tp recall 45,000 vehicles

General Motors' Australian subsidiary Holden recalled more than 45,000 Commodores Monday over a potential seat-belt fault, following withdrawals by ri...



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S. Korea bus terminal fire kills six

At least six people were killed and three dozen injured in a fire at a bus terminal near the South Korean capital Seoul on Monday, emergency officials...



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Pakistan PM attend Indian PM swearing-in ceremony

Pakistan Prime Minister Nawaz Sharif arrived here Monday to attend the swearing in ceremony of Indian Prime Minister Narendra Modi, according to local...



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Pistorius to begin mental evaluation

Oscar Pistorius has arrived at a psychiatric hospital in South Africa to begin the period of mental evaluation he was ordered to undergo by the judge ...



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Pope denounces 'abyss' of Nazi genocide

Pope Francis on Monday denounced the ''abyss'' of the Nazi genocide which claimed the lives of six million Jews as he visited the Yad Vashem Holocau...



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European markets open higher on EU election results

Leading European stock markets opened strongly on Monday, hours after European parliament elections put conservative parties in a leading position, ...



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Merger for SKorea's leading mobile chat app, web portal

South Korea's top messaging service provider, Kakao Corp., and its second largest Internet portal, Daum, announced a merger Monday to create one of ...



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India train accident kills 10

At least 10 were killed in a collision of passenger train and goods train in the northern Indian state of Uttar Pradesh Monday, said local TV reports....



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Colombian election faces runoff vote

Colombian opposition candidate Oscar Zuluaga led President Juan Manuel Santos in elections Sunday, but they now face a runoff vote in a crucial campai...



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HKTV case heard in August

The chairman of Hong Kong Television Network, Ricky Wong, says the judicial review against the government's refusal to grant his network a free-to-air...



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Polls: Poroshenko wins Ukrainian election

Confectionery magnate Petro Poroshenko has claimed victory in Ukraine’s presidential election after exit polls gave him a definitive lead in the first...



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Japan cop probe into corpse parcel

Murder detectives were Monday investigating the case of a young nurse whose corpse was sent by parcel post across Japan in a box that claimed to conta...



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Yuan hits 8-month low

The yuan hit an 8-month low against the US dollar on Monday in its central parity, on the expectation of an interest rate increase in the United State...



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Rainstorms kill at least 26

At least 26 people have been confirmed dead and 10 others are missing after rainstorms in several provinces in south and central China, according to r...



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Egypt presidential election begins

Egyptians began voting for a new president on Monday, with ex-army chief Abdel Fattah al-Sisi, who ousted the elected leader and crushed his Muslim ...



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Nikkei closes higher

Tokyo shares rose 0.97 percent Monday, on the back of a Wall Street rally and with the weaker yen boosting exporter shares. The benchmark Nikkei 225...



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Dead infant discovered in Chai Wan

A dead newborn baby has been found in a toilet in a shopping center in Chai Wan. A cleaner found the body of the baby boy -- wrapped in two layers of...



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(NBA playoffs) Thunder strike back

Serge Ibaka, pictured (left), scored 15 points in a dramatic return from what was thought to be a season-ending left calf strain to help the Oklahoma ...



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(NHL playoffs) Canadiens pushed closer to elimination

Martin St. Louis, pictured, put New York within one win of the Stanley Cup finals, scoring 6:02 into overtime to give the Rangers a 3-2 victory over t...



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Probe for fatal blast in Shanxi

Twenty-one officials have been investigated regarding the fatal road tunnel blast on March 1 in north China's Shanxi Province, according to the Suprem...



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Macau to resubmit bill after protest

In an apparent U-turn, the Macau government has agreed to resubmit a controversial bill to the legislature following a public outcry. Thousands of pe...



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Thai army chief named junta head

Thailand's king has formally appointed the army chief as head of the nation's new military junta following a recent coup. "To restore peace and order...



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Sony's PlayStation consoles available through new ventures in China

Sony will bring its PlayStation consoles to China through two joint ventures, its Chinese partner said Monday, as the Japanese gaming giant seeks to t...



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Hang Seng flat by break

Hong Kong stocks were flat at the end of the morning session Monday as early gains fueled by a Wall Street rally were pared by profit-taking. The ben...



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Yingluck freed from custody: report

CNN reports that former Thai Prime Minister Yingluck Shinawatra is no longer in military custody. This is according to a highly placed source in the m...



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Ferry fare policy slammed

Legislators have criticized the government for failing to guarantee that the operators of six outlying island ferry services would not seek another fa...



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Court to select jury for corruption trial

A jury is being selected for the High Court corruption trial of former Chief Secretary Rafael Hui, and the co-chairmen of Sun Hung Kai Properties, Tho...



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23 terror, extremist groups busted in May

So far this month, police in China's restive western region of Xinjiang have broken up 23 terror and religious extremism groups and caught over 200 su...



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Five dead in SKorea bus terminal blaze

Fire broke out near a bus terminal in Goyang, a city just north of South Korea's capital city of Seoul, leaving fived dead and three injured, local br...



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Nikkei up by break

Tokyo shares rose 0.73 percent Monday morning, tracking a rally on Wall Street, while exporters were boosted by a weaker yen. The benchmark Nikkei 2...



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Chinese companies’ overseas investments surging







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Cepa no help as Beijing set to ban city's accountants





First brokers, now accountants. Its been 10 years since the Closer Economic Partnership Arrangement (Cepa) was introduced, but the mainland market seems to be as elusive as ever for Hong Kong professionals.









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Garment maker TAL re-engineers to stay in the game





I sign on a piece of collar fabric and pass it on to a sewing worker at one end of a production line. Thirty-five workers and 19 minutes later, a custom-made, signature-bearing dress shirt emerges from the other end.









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Credit Suisse banks on rich shifting into hedge funds





Credit Suisse, one of the world's largest private banks, is expecting a good year for its alternative investment business as the super-rich increase their exposure to hedge funds in light of record low returns for bonds.









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Xi Jinping's visit to Shanghai zone gives new hope to economic reform





The Shanghai free-trade zone, which has so far received mixed feedback from foreign investors since it was launched last October, finally won its biggest supporter last Friday - a surprise first-time visit by President Xi Jinping.









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China sovereign wealth funds provide safe route to investment success





Sometimes, investing in the mainland is a bit like stumbling into the Twilight Zone - especially if you are thinking about being a strategic investor in a major initial public offering.









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BOE refuses to budge as data points to higher rates





Britain is booming and the time for higher interest rates has arrived, but try telling that to either fast-spending consumers or the monetary mavens at the Bank of England.









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Vietnam and Thailand woes cause firms to seek new plant locations





Hong Kong Shippers' Council chairman Willy Lin Sun-mo says manufacturers based in the Pearl River Delta are running out of alternative, low-cost factory locations.









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DBS Bank eyes revenue growth from cash-flow advisory service





DBS Bank, the largest lender in Southeast Asia by assets, is expecting robust revenue growth momentum in its global transaction banking business in the coming years.









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GE to keep Alstom's nuclear unit in France





General Electric, seeking state approval for its US$17 billion bid to buy Alstom's energy division, will keep the French power equipment maker's nuclear operations in its home country.









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China investment banks making market inroads





In June 2011, Australian mining firm Resourcehouse attempted to raise up to US$3.6 billion through an initial share sale in Hong Kong.









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Proposed China audit rule may hurt investor confidence





Analysts fear Beijing's proposed rules aimed at barring overseas accountants from working on the mainland will dent investor confidence.









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Hong Kong needs to figure out its own form of innovation





Like an action movie sequel, the current technology boom is more exciting and excessive than its previous version.









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Sunday, May 25, 2014

WTO rules China's duties on US cars after federal bailout broke trade rules





China violated global trade rules with duties on cars imported from the United States, the World Trade Organisation said in a ruling that added to mounting commercial tensions between the world's two largest economies.









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Chinese brands in world of their own





Mainland internet giant Tencent Holdings emerged as the world's fastest growing brand this year and surpassed China Mobile as the most valuable in Asia, according to the latest BrandZ Global Top 100 study.









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Saturday, May 24, 2014

Ex-Google Brain head Andrew Ng to lead Baidu's artificial intelligence drive





Chinese internet giant Baidu has hired top computer scientist Andrew Ng - once head of Google Brain, the American firm's "deep learning" project.









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United States wins WTO car import ruling against China





The World Trade Organisation (WTO) has ruled in favour of the United States in a dispute with China involving cars, two years after America filed complaints against it, according to a person familiar with the matter.









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China arbitrageurs wary of Hong Kong-Shanghai convergence trade





Chinese stock arbitrageurs are backing away from the Hong Kong-to-Shanghai price convergence trade.









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Disney finance chief sees cartoon hero as role model





Jay Rasulo, seen as one of two possible successors to Walt Disney chief executive Robert Iger, invokes his company's well-known characters when discussing his role as chief financial officer.









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Chinese carmaker BYD offering US$400m in new shares





BYD, the mainland carmaker partially owned by Warren Buffett's Berkshire Hathaway, has raised HK$4.27 billion by selling new shares to lower debt leverage and cut financing costs.









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China Travel's Wang Shuaiting sent hand-written letter of resignation





Wang Shuaiting personally hand-wrote a letter to China Travel International Investment Hong Kong asking to resign as chairman of the Hong Kong-listed company for "personal reasons", China Travel's executive director Xu Muhan revealed yesterday at a press conference.









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Rise in Hong Kong consumer confidence fails to lift retail sales





Consumer confidence hit a record, pre-recession high in March but the upbeat mood did not translate into sales dollars for retailers.









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China's taste for salmon boosts air shipments





China's burgeoning middle class is eating more Western food and drinking more imported wine than ever, boosting shippers of salmon from Norway and Beaujolais Nouveau from France.









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Mainland security checks on hi-tech systems could favour domestic suppliers





Beijing's plan for more stringent checks of information-technology products and services is not expected to be implemented soon, but analysts see the potential of major government and business purchases favouring domestic suppliers.









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CNOOC defends oil rig's operation off Vietnam coast





CNOOC chairman Wang Yilin says the company's exploration activity in South China Sea waters near Vietnam is authorised by Beijing and is not in disputed territory.









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International Monetary Fund warns Hong Kong over mainland exposure





The mainland is now Hong Kong's most systemically important exposure in terms of a potential shock to interbank markets, the International Monetary Fund said yesterday, urging the city's de facto central bank to remain focused on mainland lending exposures









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Hong Kong's most unusual restaurant





We recently had the pleasure of dining at a Japanese restaurant which we can safely say is like no other in Hong Kong.









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ICBC a laughing stock after inept effort to cook up orders





For an investment bank, getting caught by the regulator is bad enough, but what's even worse is being laughed at by your peers.









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Friday, May 23, 2014

Euroskeptics gets more votes in UK local elections

Britain's anti-European Union party has made big gains in local elections, taking votes from both the governing Conservatives and main opposition Labo...



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Democracy campaigners warned

A senior mainland official has said Beijing will support the SAR government in taking legal action against anyone who joins protests by the Occupy Cen...



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Accountants lose documents court battle

In a lamdmark ruling, the High Court has ordered the accounting firm E Y to hand over the audit documents of a mainland water treatment company to the...



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Legco views sought on questions limit

Legco's Finance Committee is seeking members' views on a a government proposal to cap the number of questions lawmakers can ask the administration abo...



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Barclays fined over gold price failings

Scandal-hit Barclays has been fined more than 26 million pounds after a former trader at the bank was accused of trying to manipulate the price of g...



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Hang Seng ends flat

Hong Kong stocks finished flat on Friday as a positive lead from Wall Street and a general advance across Asia was offset by profit-taking from the ...



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German business confidence index down in May

The German Ifo business confidence fell in May, data showed on Friday, as companies become less optimistic about their future business development. ...



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European markets open higher

Europe's main stock markets nudged upward at the open on Friday, with London's benchmark FTSE 100 index gaining 0.05 percent to 6,824.15 points. Fr...



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Orphan bear cub charms police in Oregon

Police in southern Oregon held an unlikely suspect overnight: a well-behaved black bear cub. Police Chief Don Brown says a teenage boy and his parent...



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Fitch upgrades Greece rating

Fitch ratings agency has upgraded Greece's sovereign debt rating by one notch, citing the country's improved deficit figures. Although still deep in ...



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NKorea to send delegation to Asian Games in SKorea

North Korea said Friday it will send athletes to this year's Asian Games in South Korea, the first time it has participated in a major sporting even...



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Domestic demand lifts German economy in first quarter

Growth of the German economy, Europe's biggest, was driven exclusively by booming domestic demand in the first quarter, while foreign trade put a br...



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Thai army summons ousted leaders, imposes travel ban

Thailand's new military junta summoned the kingdom's ousted government leaders Friday and banned them from leaving the country, following a coup tha...



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FDI approval eased in China

China will relax the approval process for foreign companies planning to invest in China, while strengthening national security reviews, the country's ...



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Big potential in China's cloud computer market

China's cloud computing market is expected to be worth 37.2 billion yuan in 2017 as demand for the service grows, the China Securities Journal reporte...



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Nikkei finishes higher

Tokyo stocks rose 0.87 percent Friday as a weaker yen lifted exporter shares, but investors were keeping a wary eye on tensions in Ukraine and a Tha...



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Five suspects among Xinjiang dead

Mainland media says five suspects were among those killed in yesterday's attack on a crowded street market in Xinjiang. The report in the Global Time...



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Security beefed up for Xinjiang market after attack

Jittery traders Friday set up their stalls near the scene of a market attack in the Muslim Uighur homeland of Xinjiang, after China's leader vowed to...



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South Horizons residents stage protest against outlet plan

Dozens of residents in South Horizons, Ap Lei Chau, staged protest against the plan to turn the retail mall in the neighborhood into a shopping outlet...



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Toyota recalls 520,000 vehicles worldwide

Toyota on Friday said it is recalling about 520,000 vehicles, mostly in North America, over several issues including cable corrosion that could see ...



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Hang Seng flat at mid-day

Hong Kong stocks ended the morning session flat Friday, with a positive lead from Wall Street offset by profit-taking following the previous day's g...



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HK suspends tours to Thailand

The Travel Industry Council says major tour operators have agreed to cancel planned tours to Thailand from tomorrow until next Friday. The decision ca...



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Mapping global cultural differences offers advantages in business





Today, whether we work in Dusseldorf or Dubai, Brasília or Beijing, New York or New Delhi, we are all part of a global network (real or virtual, physical or electronic) where success requires navigating through wildly different cultural realities.









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(NHL playoffs) Canadiens beat Rangers in OT

Alex Galchenyuk scored 1:12 into overtime to lift the Montreal Canadiens to a needed 3-2 victory over the New York Rangers in the NHL Eastern Confer...



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Thai stocks slump after coup

Thailand's stock market sank more than two percent soon after opening Friday, a day after the army declared a coup and imposed a curfew that has alr...



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Doctor exposes medical scandals

Ordering an unnecessary pacemaker, urging a woman to be hospitalized for a sore throat -- a doctor's allegations of corruption spotlight troubles so ...



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US safety authority calls for new test on Dreamliner batteries

The US National Transportation Safety Board said Thursday that new tests should be conducted on batteries in Boeing's 787 Dreamliner, after causing ...



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Pyongyang denies shooting shells near South vessel

North Korea on Friday rejected as "sheer fabrication'' Seoul's charges that it fired shells near a South Korean warship the previous day. Seoul's de...



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Nikkei up by break

Tokyo stocks rose 0.94 percent Friday morning after a positive lead from Wall Street while a weaker yen lifted exporters, but investors were keeping...



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Solar panel producer plans move to Malaysia over potential tarifs





Comtec Solar Systems has decided to move production from the mainland to Malaysia in anticipation of increasing protectionism in US and European power markets









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Publisher SCMP eyes expanded outdoor advertising business





SCMP Group, publisher of the South China Morning Post, plans to ratchet up the expansion of its outdoor advertising business after striking major deals to operate at multiple premium sites in Hong Kong.









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Fashion retailer IT sees profits plunge over Hong Kong slump





Fashion retailer IT's profit fell 27.3 per cent year on year as it faced rising rental and labour costs in its main markets, and a slowdown in Hong Kong retail spending.









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China Mobile sees deal on telecoms towers completed this year





The proposed venture between the three firms that are mainly responsible for operating and maintaining China's telecommunications towers will be established this year, China Mobile said.









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Gas stocks rise after Russian supply deal





Shares of mainland gas distributors rose yesterday after Beijing signed a long-awaited US$400 billion gas import deal with Russia that is expected to boost their sales, but investor concern weighed on PetroChina, a potential importer party to the deal.









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More reforms on the way in Shanghai FTZ, says vice-mayor





Shanghai vice-mayor Tu Guangshao has heralded further financial liberalisation in the city's free-trade zone, fuelling speculation about future full convertibility of the yuan in the test bed for mainland economic reform.









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Bright Food takes over Israeli supplier





Mainland dairy and consumer products group Bright Food is paying about US$960 million for a majority stake in Israel's Tnuva Food Industries.









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