Monday, June 30, 2014

(Football) Galatasaray in talks with Moyes

Turkish soccer giant Galatasaray is in talks with Scottish coach David Moyes for its vacant managerial post, according to local report on Monday. Moy...



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East Rail Line service normal

Train services on the East Rail Line have returned normal after badly disrupted this afternoon. The MTRC said a burst in watermain hit the overhead e...



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East Rail Line service delayed

East Rail Line train service is delayed due to overhead line damaged by burst water pipe outside Fo Tan Station. MTRC said. Service between Sha Tin S...



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EU to aid troubled Bulgaria banks

The European Commission's office in Sofia said Monday that it has approved a state credit line of 3.3 billion leva for Bulgaria's troubled banks. The...



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Hang Seng ends flat, China stocks up

Hong Kong shares ended flat Monday as investors await the release later this week of closely-watched Chinese manufacturing data. The benchmark Hang S...



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(World Cup) Aguirre to replace Zaccheroni as Japan coach

Mexican Javier Aguirre is set to become Japan's new coach following the resignation of Alberto Zaccheroni, local media reported on Monday. The Japan ...



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Sunken ferry owner blamed for 5 earlier crashes

Well before more than 300 people died this spring aboard the South Korean ferry Sewol, government investigators blamed the company's sailors for five ...



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5th Russian journalist killed in Ukraine

Russia's Channel One reports that one of its veteran cameramen has been killed in eastern Ukraine when a bus carrying journalists and soldiers' mother...



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30 corpses found in migrant boat in Italy

The Italian navy says some 30 people have died inside a packed smugglers' boat making its way to Italy. RAI state radio says the navy's Grecale friga...



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MTR service disrupted between Shatin and Taipo Market

East Rail Line train service is disrupted due to overhead line damaged by burst water pipe outside Fo Tan Station. MTRC said. Service between Sha Tin...



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One dead in Yunnan landslide

A landslide in a village in China's mountainous southwest has killed at least one person and left 15 missing. A report on the website of the governme...



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Importer not to sell Clinton memoir

A book importer in China says it won't distribute Hillary Clinton's memoir "Hard Choices'' due to sensitive content. An employee at Shanghai Book Tra...



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150,000 expected in July 1 march

Hong Kong is gearing up for an annual protest march that's expected to draw three times as many people as in the past angered by Beijing's insistence ...



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Students to 'occupy Central' after march

Student groups say they will stage overnight sit-ins in Central and Admiralty after the pro-democracy rally on Tuesday, to try to put pressure on both...



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Bishop accused of abusing boy

A senior member of Australia's Catholic Church has stepped down from his post after being charged with sexually assaulting a student decades ago. The...



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Retail sales slow down in Germany

German retail sales, a closely watched measure of household confidence, fell in May, official data showed on Monday. German retailers' sales droppe...



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Filipino, US troops hold drills near disputed sea

More than 100 Filipino and U.S. marines in assault amphibious vehicles conducted a mock assault on imaginary enemies in military drills on a beach in ...



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1.5m join Communist Party in 2013

China's ruling Communist Party, already the largest in the world, gained 1.56 million members last year, according to figures released Monday. The pa...



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Nikkei gains despite stronger yen and caution

Tokyo stocks closed up 0.44 percent on Monday, eking out gains despite a stronger yen and caution ahead of the Bank of Japan's key business sentiment ...



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Taiwan man jailed life for murdering sister

A court in southern Taiwan Monday handed a life sentence to a man who murdered his sister and pickled her head in a gruesome crime that shocked the is...



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NKorea to suspend military hostilities

North Korea made a surprise proposal Monday that the two Koreas suspend verbal mud-slinging and military hostilities especially near the disputed Yel...



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French economist's long-forgotten demand theory gets its due after new US policy





In late April this year, the Bureau of Economic Analysis (BEA) at the US Department of Commerce announced that it would start reporting a new data series as part of the US national income accounts.









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Man jailed for abusing younger sisters

The High Court has jailed a man for five years for sexually abusing his younger sisters, who are triplets. The accused, who's now 20, is a year older...



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Why Hong Kong’s renminbi sweet spot will sour





Hong Kong banks are awash with cheap funds, and some of this liquidity has been spilling over to the mainland.









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Foxconn invests in SK Group

Taiwan technology giant Foxconn, the world's biggest components maker, said Monday it has invested around US$365 million in a South Korean informatio...



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Guangzhou top official sacked amid graft probe

China has dismissed the Communist chief of the metropolis of Guangzhou from his post, media said Monday, after a corruption probe was launched. Wan Q...



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Hang Seng closes higher by midday

Hong Kong stocks ended the morning session 0.24 percent higher Monday following a pick-up on Wall Street as investors await the release of key data ov...



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3 killed in Heilongjiang flood

Three people died and the lives of 26,000 have been affected after a once-in-a-century flood hit Boli County of northeast China's Heilongjiang Provinc...



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Pyongyang confirms missile test

North Korea confirmed Monday its second missile test in recent days, with leader Kim Jong-Un overseeing the drill ahead of a visit by Chinese Preside...



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one killed in Thai mosque attack

Police say gunmen opened fire at a mosque in Thailand's insurgency-plagued south, killing one man and injuring another after the start of Ramadan on t...



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Sex video is new twist in GlaxoSmithKline China bribery scandal





GlaxoSmithKline on Sunday confirmed the existence of an intimate video recording of its former China head, Mark Reilly, which The Sunday Times reported kicked off a bribery investigation that has damaged the drug maker’s business in China.









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(Tennis) Wimbledon Day 7 updates

- Defending champion Andy Murray will need to overcome big-serving Kevin Anderson if he is to reach the Wimbledon quarter-finals for the seventh suc...



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Chinese vessels in disputed waters: Japan

Two Chinese government ships sailed into disputed waters off Japan-administered islands in the East China Sea Monday, the Japanese coastguard said, ...



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Eden Lam pessimistic about reform

The convener of the Executive Council, Eden Lam Woon-kwong, has said it will be a real test for the government to come up with a political reform prop...



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113 terrorists jailed in Xinjiang

Chinese state media say 113 people have been imprisoned in the ethnic region of Xinjiang for terrorism or other charges. The government-run news port...



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Two US tourists detained in NKorea: KCNA

North Korea said Monday two detained American tourists would face trial for charges including "perpetrating hostile acts''. The state-run KCNA news a...



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Nikkei down by stronger yen at break

Tokyo stocks edged down 0.17 percent on Monday morning with export shares pressured by a stronger yen. The Nikkei 225 index eased 24.92 points to 15,...



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(World Cup) Dutch, Costa Ricans advance to quarterfinals

Regulation time doesn't seem to mean much at this stage, judging by the way Netherlands, Costa Rica and Brazil have advanced through the first of the ...



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Bonds are king in Hong Kong market as investors lose appetite for IPOs





The amount of equity raised in Hong Kong in the first half of this year has been just a third of the volume of offshore bonds from mainland companies in the same period, according to fresh industry data out today.









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Hong Kong's competition regulator faces challenges in supermarket sector





Ahead of next year's long-awaited competition law, food industry insiders describe a sector where prices are controlled and shenanigans commonplace as suppliers and supermarkets jostle for margin and market share in the fight over who fills your shopping basket.









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Wider reform urged on MPF fee charges in Hong Kong





Lawmakers have urged the regulator of the controversial Mandatory Provident Fund to reduce fees on a wider range of funds and provide better protection for the 2.5 million employees in the scheme.









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Sinomax and Ernest Borel map out growth plans in Hong Kong IPO push





Memory foam bedding products company Sinomax Group and luxury-watch maker Ernest Borel Holdings announced details of their proposed listings on the Hong Kong stock exchange yesterday.









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Big challenges ahead for yuan to go global





Wind the clock back five years and just over a dozen transactions marked the yuan's first tentative steps on the path to becoming an international currency.









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Solving the puzzle of uneven globalisation





If global policymakers are wrong about globalisation, and they could be, we may be in for more low growth, low rates and the high asset prices they support.









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BIS sees danger signs in property prices and credit growth





Regulators should not dismiss "worrying" early signs of unsustainable property price and credit growth, which could leave borrowers vulnerable to interest rate rises or sharp downturns, the Bank for International Settlements said yesterday.









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Timely Russian gas deliveries to China look far from certain





Shares of China Gas Holdings and its largest shareholder Beijing Enterprises Holdings have surged more than 10 per cent on the back of Russia's long-term natural gas supply deal with China that was signed last month









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Young job-seekers losing touch with reality





A very strange phenomenon appears to be developing in the job markets in Hong Kong and Shanghai.









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Occupy Central is Hong Kong's 'mad as hell' moment





"Ever get the feeling you've been cheated?" Johnny Rotten of the Sex Pistols's remark at the disenchanted English youth in the 1970s could just have easily been describing the emotional undercurrent of disenfranchisement that feeds the Occupy Central movement.









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Fed faces tall order to switch policy with economic gradualism





The United States Federal Reserve is just months away from one of its toughest-ever tests - the switch to quantitative tightening from quantitative easing.









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Bankers find it tough in Hong Kong's listings market





It is notable that of the two initial public offerings that were supposed to have defined the year, one (WH Group) imploded in spectacular fashion and the second (HK Electric) is trading down 4 per cent from the listing pric









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Sunday, June 29, 2014

Japan told to do more to combat money laundering and terrorist financing





Japan has failed to address deficiencies in its measures to halt money laundering and terrorist financing, and should step up its efforts to do so, an international watchdog said.









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Saturday, June 28, 2014

New sanctions on Russia could ‘seriously’ impact growth: minister





A new round of Western sanctions on Russia over the crisis in Ukraine could seriously impact its already stalled economy, Economy Minister Alexei Ulyukayev said on Saturday.









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General Motors issues three more recalls covering 474,000 vehicles





General Motors has extended its record-breaking string of safety problems, announcing on Friday three more recalls, including one involving its top-selling vehicle.


The recalls, part of a top-to-bottom safety review, bring the company’s total for the year to 48, covering more than 20 million cars and trucks









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Europe family businesses lure Chinese investors





Like it or not, European family businesses may increasingly lean on Chinese investors to help sustain them in a euro zone where consumers scarred by the debt crisis remain gun-shy in opening their wallets.









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Distressed funds seek to tap debt load in China





Distressed-debt funds are raising cash to seek greater opportunities in China, where Standard & Poor's says corporate borrowing topped the United States last year.









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Standard Chartered braced for more gloom





Standard Chartered will find peers to commiserate with this year as their financial markets business wanes, analysts said.









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Yuan surges up currency rankings





The yuan has become the second-most popular currency in cross-border transactions between China and the rest of the world, driven by its greater use in global trade and investment as offshore yuan hubs spring up, according to Swift.









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Hang Fat Ginseng IPO leaves Hong Kong investors with bitter taste





Hang Fat Ginseng Holdings, a wholesale ginseng trader, became the city's worst-performing new listing of the year yesterday as it fell victim to weak sentiment for initial public offerings.









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World Bank warns Asia to be alert against risks from US rate rises





East Asian economies have recovered from the global financial crisis and are growing close to potential but governments cannot be complacent as capital flows could reverse quickly once United States interest rates rise, World Bank economists said in a global outlook report.









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Time for the LNG market to separate myths from reality





The gap between perception and myth in liquefied natural gas is widening, with both buyers and suppliers appearing to subscribe to views that bear limited resemblance to reality.









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Dedicated follower of fashion





Hong Kong's high fashion has been brought to the city's shoppers by Fairton International Group for almost 60 years - not that you would know it.









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Diversity holdout Glencore appoints female director





Commodities trader and miner Glencore, the last London-listed blue-chip company with an all-male board, has appointed Patrice Merrin as its first female board director.









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Turnaround grandmaster





When Ford Motor announced on September 5, 2006, that veteran Boeing executive Alan Mulally was to serve as its new president and chief executive, there were questions on how an outsider could help cure what ailed the then-struggling carmaker.









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Silence over China Resources Power scandal shows directors in bad light





What have the independent directors of China Resources Power Holdings been doing these days?









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Beijing to back US over new Fatca tax evasion law





The mainland has been included on a list of jurisdictions co-operating with the United States on a new law to halt tax evasion.









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Friday, June 27, 2014

Chinese bogus doctors busted in Spain

Spanish police busted a Chinese gang accused of carrying out back-street abortions, surgery and dentistry in unhygienic home clinics, officials said...



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(Football) Herrera to join Man United

Manchester United have confirmed the signing of midfielder Ander Herrera from Athletic Bilbao for a fee believed to be 29-million pounds. It is also e...



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Lawyers march in black

Hundreds of Hong Kong lawyers dressed in black have marched in silence to protest a recent Beijing policy statement they say undermines the Asian fina...



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UN: 110,000 flee to Russia from Ukraine

Some 110,000 people have fled to Russia from Ukraine while more than 54,000 have been displaced inside the conflict-torn country, the UN said Friday. ...



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Property tycoon jailed

A property tycoon who fled Hong Kong nearly three years ago at the start of a bribery and money-laundering trial has been sentenced to two years and t...



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EU to get new leader despite UK opposition

European Union leaders are set to nominate former Luxembourg Prime Minister Jean-Claude Juncker to become the 28-nation bloc's new chief executive, de...



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Australian sentenced to death in Vietnam

State-controlled media say a court in southern Vietnam has sentenced an Australian citizen to death for possessing more than 4 kilograms of heroin. P...



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Ukraine, EU sign trade pact

Ukrainian President Petro Poroshenko has signed up to a trade and economic pact with the European Union, saying it may be the ``most important day'' f...



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India pipeline blast kills 14

A state-owned gas pipeline exploded and burst into flames Friday, killing at least 14 people, destroying homes and forcing the evacuation of neighbori...



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Russia warns of 'serious consequences' for Ukraine's EU deal

Russia on Friday warned of "serious consequences'' after ex-Soviet Ukraine and Moldova signed key association agreements with the European Union over...



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(World Cup) Algerian joy, clashes after win

Algeria's capital has exploded in fireworks and horn-honking joy after the national football team qualified for the knockout stages of the World Cup f...



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(World Cup) Aguero out of last 16 match against Swiss

Argentina striker Sergio Aguero's miserable World Cup took another turn for the worse with him being ruled out of next Tuesday's last 16 match with S...



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Chinese fishing boat sinks off Diaoyu Islands

An unidentified number of Chinese fishermen are missing after a boat sank in waters to the north of the Diaoyu Islands at around 8:50 a.m. Friday, acc...



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(Olympics) IOC considers 2020 venue changes

The IOC wrapped up its first coordination commission meeting for the Tokyo 2020 Games on Friday, saying proposed changes to the venue plan are not as ...



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Party chief of Guangzhou under investigation

Wan Qingliang, Party chief of Guangzhou City in south China's Guangdong Province, is under investigation for suspected serious violations of disciplin...



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Xi Jinping to visit SKorea next week

Chinese President Xi Jinping will pay a state visit to the Republic of Korea (ROK) from July 3 to 4, Foreign Ministry spokesman Qin Gang announced Fri...



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Hang Seng closes higher due to buying spree

Hong Kong shares ended 0.10 percent higher Friday thanks to a late buying spree, bucking a broad regional sell-off despite a negative lead from Wall S...



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LawSoc members to join lawyers' march

The organizers of a march by lawyers on Friday afternoon to protest against Beijing's White Paper on Hong Kong said many members of the Law Society of...



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Security enhanced outside Legco

Security outside the Legislative Council has been beefed up again as the Council's Finance Committee is due to discuss - for the seventh time - the HK...



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Malaysia arrest 200 over World Cup betting

Malaysian police have arrested almost 200 people in raids on illegal World Cup betting that bust a group drawing daily wagers of $2.3 million, an off...



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Nikkei closes lower

Tokyo stocks closed down 1.39 percent on Friday, weighed down by poor US economic data with a stronger yen dampening exporter shares. The Nikkei 225 ...



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European family-run businesses ripe for Chinese outward investment, say advisers





European family businesses may increasingly look to Chinese investors to help sustain them as the availability of bank credit in the debt-ridden euro area remains tight and consumers are reluctant to return to free-spending ways.









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Nepal's PM suffers from lung cancer

Officials say Nepal's prime minister is suffering from lung cancer and scheduled to begin radiotherapy at a New York hospital. Information Minister M...



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(NBA) Cavs pick Wiggins first overall

The Cleveland Cavaliers have selected Canadian forward Andrew Wiggins from Kansas with their first overall pick in the 2014 NBA Draft in New York. Th...



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(Tennis) Wimbledon Day 5 updates

- The 2010 runner-up Tomas Berdych is bidding to record his 100th Grand Slam match-win when he takes on Marin Cilic. He would be the 41st man and se...



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GM recalls 33,000 cars over faulty airbags

General Motors is recalling 33,000 Chevrolet Cruze sedans in North America from model years 2013 and 2014 due to faulty airbags built by Japan's Takat...



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SKorea and NKorea hold fifth meeting on Kaesong Industrial Zone

The north-south joint commission for Kaesong Industrial Zone (KIZ) on Thursday held its fifth meeting, the official KCNA news agency of the Democratic...



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Nikkei down by break

Tokyo stocks fell 0.62 percent on Friday morning, weighed down by poor US economic data and with the yen rising against the dollar and euro. The Nikk...



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(World Cup) Uruguay mad at Suarez ban

Soccer-crazy Uruguayans raged Thursday at FIFA's decision to kick their star player out of the World Cup for his third biting incident, fearing it cou...



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Falsified gold deals uncovered in China





Chinese gold processing firms have since 2012 used falsified gold transactions to borrow 94.4 billion yuan (HK$118.7 billion) from banks, the mainland's chief auditor said.









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PBOC halts repos as money rate rises





The People's Bank of China has refrained from selling repurchase agreements for the first time in four months as banks' hoarding of cash to meet regulatory requirements drove the benchmark money-market rate to a seven-week high.









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Shinzo Abe's best bet for Japanese revival may rest with casinos





As investors place bets on Prime Minister Shinzo Abe's programme for economic growth, the success of Japan's revival plans may rest, oddly enough, on casinos.









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Now is the time to worry about inflation not deflation





Hong Kong's inflation ran at double digits from 1989 to 1995, often remarkably near the 9.9 per cent level. The maths may have been correct - but what was being measured?









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London Stock Exchange buys asset manager for US$2.7b





The London Stock Exchange (LSE) unveiled the largest acquisition in its history yesterday, snapping up US group Frank Russell for US$2.7 billion to boost its position in the world's largest financial services market and sending its shares surging.









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Air China and Cathay Pacific inject 2b yuan into cargo venture





Air China Cargo, a joint venture between Air China and Cathay Pacific since 2010, will see its registered capital rise 62 per cent to 5.2 billion yuan (HK$6.5 billion) following a capital injection of two billion yuan announced yesterday.









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Jeweller Luk Fook posts record profit of HK$1.86b after gold binge





Jeweller Luk Fook Group announced that yearly attributable profit surged 50 per cent year on year to a record HK$1.86 billion, boosted by high-volume gold sales after prices of the metal fell last year.









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China Merchants Securities gets nod for commodities risk business in UK





Mainland investment bank China Merchants Securities says it has received British regulatory approval to broker listed derivatives as it aims to build up a commodities business in London's planned offshore yuan clearing hub.









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Chinese stock market debutants soar after 4-month IPO pause





The mainland's first three initial public offering stocks following a four-month suspension hit the daily trading cap on their listing debuts yesterday.









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Property worries undermine small-cap issues





Investor demand for newly listed stocks in Hong Kong is likely to remain tepid amid concern about slumping property prices and increasingly tight liquidity on the mainland.









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Moody’s warns Hong Kong banks over increased loans exposure to mainland





Ratings agency Moody's restated its negative outlook on the city's banking system yesterday in a new report highlighting the risks to lenders over the next 12 to 18 months from rapidly expanding exposure to mainland borrowers.









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Thursday, June 26, 2014

(Football) Bilbao reject United bid for Herrera

Athletic Bilbao have rejected Manchester United's offer of 36 million euros to buy midfielder Ander Herrera, the Spanish club said on Thursday. "Ath...



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Google starts removing some search results in Europe

Google has begun deleting some search results at the request of users, following a May court ruling that European Union citizens have a right to ask f...



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Spain prosecutor fights fraud charges against princess

A public prosecutor on Thursday appealed against fraud charges that could bring Spanish King Felipe's sister Cristina to trial, accusing a judge of ...



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China to set yuan clearing bank in Sydney: Australia

China will designate a clearing bank in Sydney for overseas trading of its yuan currency, a top Australian official said Thursday as Beijing seeks t...



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EU fiscal rules not under attack: German economy chief

German Economy Minister Sigmar Gabriel suggested on Thursday that the EU could ease its rules on co-financing investment projects, but insisted that ...



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NKorea fires short-range missiles: report

South Korea's Yonhap news agency says North Korea has test-fired three short-range projectiles into the Sea of Japan. The South Korean Defense Minist...



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(Football) Man City signs Porto defender Fernando

Premier League champions Manchester City have completed the signing of defensive midfielder Fernando from Porto. Porto issued a statement to the Port...



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2 dead in Czech small plane crash

A rescue service official says an ultralight plane has crashed in southern Czech Republic, killing both men on board. Petra Kafkova, spokeswoman for ...



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China Forestry joins debt default queue





The list of Chinese companies defaulting on their bonds continues to grow, with word that timber firm China Forestry Holdings (









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Activist released after June 4 anniversary

A leading figure of a small citizen's movement in southern China was released on bail nearly a month after being taken into police custody, his lawyer...



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El Nino likely to return by end of year: UN

The "El Nino'' phenomenon, which sparks climate extremes around the globe, is likely to occur in the Pacific Ocean by the end of the year, the UN we...



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Ombudsman criticizes hospital for lack of urgency

A public hospital has come under fire from the Ombudsman for "demonstrating no sense of urgency" and having little consideration for the patient's int...



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London Stock Exchange says to buy Russell

London Stock Exchange Group has agreed to buy US asset manager Russell for US$2.7 billion in order to diversify and grow its business in the United ...



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Hang Seng, Shanghai gains at close

Hong Kong stocks jumped 1.45 percent Thursday, in line with a regional advance following a positive lead from Wall Street. The benchmark Hang Seng ...



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Murdoch in London despite police quiz rumors

News Corporation executive chairman Rupert Murdoch was in London on Thursday, amid reports that police want to question him in the wake of the phone...



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New party by Japan's veteran politicians

Irascible Japanese octogenarian Shintaro Ishihara and several of his loyal lieutenants in their 70s announced Thursday their new political grouping ...



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Japan first executive this year as triple murderer hanged

Japan carried out its first execution of the year on Thursday when it hanged a man for a triple murder, the ninth prisoner to be put to death since ...



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French court orders to extradite Jewish museum shooting suspect to Belgium

A French court Thursday ordered the extradition to Belgium of a man suspected of carrying out a deadly shooting at the Jewish Museum in Brussels on ...



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European stocks open higher

Europe's main stock markets rose at the start of trading on Thursday, with London's benchmark FTSE 100 index up 0.22 percent to 6,748.45 points. Fr...



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Higher chances of Dementia after minor stroke

A study by the Chinese University has found that even a minor stroke can greatly increase the chances for elderly people with diseased brains to devel...



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Top op declares 'war' on drugs

Guo Shengkun, head of China's National Narcotics Control Commission, has called for a "people's war" to stop the spread of drugs. Guo made the remark...



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Nikkei edges up at close

Tokyo stocks closed 0.27 percent higher on Thursday, tracking gains on Wall Street, with investors moving in for bargains following the previous day...



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(Flight MH370) Missing plane likely to go down in autopilot mode: Australia

Missing Malaysia Airlines Flight MH370 was ''highly, highly likely'' on autopilot when it ran out of fuel and crashed, Australian officials said Thu...



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Govt bashed for creating conflict over NT plan

Pan-Democratic lawmakers have accused the government of creating conflict by refusing to postpone the controversial new town development plans in the ...



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Illegal football betting ring busted

Police have seized nearly HK$40 million in cash and betting receipts in raids against illegal football betting activities over the World Cup. Detecti...



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Ombudsman slams govt depts for failing to stop street obstructions

The Ombudsman, Connie Lau, has criticized government departments for not making serious enough efforts to prevent street obstruction by shops. She sa...



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(Flight MH370) Search for missing plane turns south

Australian officials say the hunt for the missing Malaysia Airlines plane will shift farther south of the most recent suspected crash site in a remote...



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Hang Seng positive by noon

Hong Kong stocks climbed 0.93 percent on Thursday morning, in line with a regional rally after Wall Street closed higher. The benchmark Hang Seng In...



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Geopolitics explode again





Geopolitics has exploded once again on the financial market landscape, four years after the last surge in sovereign risk almost tore the euro zone apart.









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(Tennis) Wimbledon Day 4 updates

- John Isner, Denis Kudla and Jack Sock are three of the four American men through to the second round and all play Thursday. It's the fewest number o...



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(NBA) Chandler returns to Dallas in trade with Knicks

Dallas acquired former Maverick Tyson Chandler and guard Raymond Felton as part of a multi-player trade with the New York Knicks on Wednesday, the Nat...



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(World Cup) Uruguayans back Suarez

From the president down to football players and fans, Uruguayans rallied behind Luis Suarez on Wednesday as their controversial hero risked a possible...



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SKorea president keeps PM after nominees withdraw

South Korean President Park Geun-Hye has decided to retain the country's current prime minister after two possible replacements for the job both aband...



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Tepco plans to open European power market

The operator of Japan's crippled Fukushima nuclear power plant wants to start operations in Britain and elsewhere in Europe, a report said Thursday,...



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First Chinese cyclist Ji Cheng to ride in Tour de France

Chinese cycling fans will have their own rider to root for when Ji Cheng will become the first Chinese to race in the Tour de France. Ji, 26, was inc...



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(World Cup) France advance despite draw, face Nigeria in knock-out stage

Ten-man Ecuador bravely held France to a 0-0 draw at Rio's Maracana stadium on Wednesday but the European favorites still topped Group E to gain an ...



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Nikkei rises at break

Tokyo stocks rose 0.32 percent Thursday morning, tracking gains on Wall Street, with investors buying on dips following the previous day's sell-off. ...



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Seoul, Pyongyang reopen talks on Kaesong industrial park

North and South Korea resumed talks Thursday on managing their Kaesong joint industrial zone, after a six-month hiatus caused by rising tensions bet...



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Forced disclosure clause in draft insurance bill could kill industry, insiders complain





Hong Kong’s insurance industry is buzzing about a clause buried in a draft bill that will launch the Independent Insurance Authority.









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Wednesday, June 25, 2014

Etihad to buy Alitalia

Fast-growing Gulf carrier Etihad Airways says it and Alitalia have reached a deal in principle for the United Arab Emirates-based airline to buy a 49 ...



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UK Court dismisses mercy killing case

Britain's Supreme Court has dismissed an appeal from two severely disabled men who argued the law should be changed to allow doctors to legally kill t...



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More than 1,000 held for World Cup betting in Thailand

Thai police said Wednesday they have arrested more than 1,000 people, including four foreigners, in a crackdown on illegal betting during the World Cu...



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(Football) Zidane named coach of Real Madrid Castilla

France legend Zinedine Zidane has been appointed coach for next season of Real Madrid's feeder team, third-division side Castilla, the club said Wedne...



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CY's daughter shows bloody pictures online

Leung Chai-yan, the daughter of Chief Executive Leung Chun-ying, uploaded two photos with blood on her hand on her Facebook page. One picture showed c...



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Beijing says proposed embassy address 'sheer farce'

Beijing has blasted as farcical a US congressional panel's proposal to rename the street in front of China's embassy in Washington after an imprisoned...



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Filipino ex-sex slaves demand justice from Japan

Filipino women forced into prostitution by the Japanese military during World War II marched Wednesday to the Japanese Embassy to demand justice and t...



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(NBA) LeBron warns of leaving Heat

LeBron James delivered his message loud and clear, without actually saying a word. He's willing to leave the Miami Heat, if that's what it will take ...



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Anti-discrimination law urged

The administration has been urged to enact an anti-discrimination law to protect sexual minorities. The issue was raised after the International Chri...



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Tight labor market sparks concerns

The Labour Secretary, Matthew Cheung Kin-chung, says the government is concerned about the 'tight' labour situation in Hong Kong, especially with many...



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Hang Seng flat, Shanghai down

Hong Kong stocks ended marginally lower on Wednesday, in line with an Asia-wide sell-off following losses on Wall Street. The benchmark Hang Seng Ind...



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Spain's Princess Cristina faces criminal trial

A Spanish judge ruled Wednesday that King Felipe VI's sister, Princess Cristina, and her husband must face fraud charges, opening the way to an unprec...



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European equities open lower

Europe's main stock markets slid at the start of trading on Wednesday, with London's benchmark FTSE 100 index down 0.38 percent to 6,761.56 points. ...



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Russia hopes 'positive signals' over Ukraine

Russia on Wednesday said it hoped Kiev and the international community will heed the "positive signals'' it was sending over the Ukraine crisis after ...



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Libya holds elections despite turmoil

Libyans are defying the turmoil roiling their nation to vote in parliament elections, the third nationwide balloting since the toppling of longtime di...



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New US ambassador pushes Sino-US trade

The new US ambassador to China has made his first public remarks about the countries' relations, telling several hundred people he will prioritize eff...



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Israel stages 12 air strikes on Gaza

The Israeli air force carried out 12 raids on the Gaza Strip overnight after militants fired more rockets at southern Israel, Palestinian security so...



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Activists predict biggest protest in decade

Activists said Wednesday they expect more than half a million people to take to the streets on Hong Kong's annual protest day as fears grow over China...



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Unofficial vote just 'a political expression'

An Executive Councillor has questioned the usefulness of Occupy Central's unofficial referendum on how to elect Hong Kong's chief executive in 2017. ...



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4 explosions hit Cairo subway stations

Egyptian security officials say explosions have struck four subway stations in Cairo, wounding two people and causing widespread panic among morning c...



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NKorea denounces Kim assassination comedy

North Korea on Wednesday denounced a new Hollywood comedy about an assassination bid on leader Kim Jong-Un as a "wanton act of terror'' and warned of...



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State firm chief jumps to death: report

The head of a $2.0-billion Chinese copper producer fell to his death from a building, the firm announced Wednesday, and a state-run newspaper said he ...



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(World Cup) Germany and US don't plan to draw

There won't be friendly phone calls, there won't be any dirty deals. That's the promise from both sides ahead of Germany's final Group G match against...



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Lam calls on lawmakers to back funding plan

The Acting Chief Executive Carrie Lam Cheng Yuet-ngor has called on legislators to approve the controversial Northeast New Territories development pla...



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(World Cup) Suarez might be expelled after biting

Uruguay star Luis Suarez faces expulsion from the World Cup for biting as FIFA confirmed it had opened disciplinary proceedings against the player on ...



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Nikkei finishes lower due to profit-taking

Tokyo stocks closed 0.71 percent lower Wednesday, tracking losses on Wall Street where profit-taking emerged in the wake of recent record-breaking ris...



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Alibaba buys majority stakes in media firm

Chinese e-commerce firm Alibaba has invested heavily in Hong Kong-listed China Vision Media Group Ltd. (CVMG), becoming the media company's biggest sh...



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Labor Party to propose no-confidence motion against Ng

The Labor Party says it'll propose a motion of no-confidence in the chairman of the Finance Committee, Ng Leung-sing, over his handling of last Friday...



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'Retired' mafia leader arrested in Thailand

Thai police have arrested a Russian mafia gang leader wanted back home for his alleged involvement in scores of killings and other criminal activities...



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Rail link delay under probe

The Legislative Council has agreed to set up a select committee to look into the two-year delay of the construction of the express rail link to Guangz...



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Committee to probe rail link delay

The Legislative Council has agreed to set up a select committee to look into the two-year delay of the construction of the express rail link to Guangz...



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Google to kick off developer conference

An Android update, wearable gadgets and so-called smart home devices are just some of the innovations Google is likely to show off at its two-day deve...



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Tokyo says closing in on new talks with Pyongyang

Japan said Wednesday it was close to holding another round of talks with North Korea, amid reports that they will meet in China next week. "The Jap...



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Hang Seng inches up at mid-day

Hong Kong stocks edged up 0.11 percent Wednesday morning, reversing initial losses and despite a second straight loss on Wall Street. The benchmark...



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SKorean ferry suvivors back to school

More than 70 teenagers who survived a ferry sinking that killed hundreds of their schoolmates walked in a somber procession Wednesday to their first c...



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Development minister to meet villagers in Fanling

The Development Secretary, Paul Chan Mo-po, will meet villagers affected by the proposed Northeast New Territories Development project today in Fanlin...



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(Football) Suarez charged for biting

FIFA has officially charged Uruguay's Luis Suarez with biting Italy defender Giorgio Chiellini in the teams' World Cup match, a process that could lea...



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Landmark visit to Taiwan by mainland minister

China has sent its first ever ministerial-level official to Taiwan for four days of meetings to rebuild ties with the self-ruled island that Beijing c...



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General Electric outbids Siemens to buy Alstom

General Electric scored large in its win over Siemens to buy the energy arm of French industrial giant Alstom. But being forced to accept the involv...



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Four dead as India train derails

A passenger train derailed in eastern India on Wednesday, killing four people after a blast suspected to have been triggered by Maoist rebels, a top r...



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542 drug smuggling cases probed in one year

China's customs authorities had investigated 542 cases of drug smuggling in one year since June last year, the General Administration of Customs said ...



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(Tennis) Wimbledon Day 3 updates

Five facts on Wednesday, the third day of Wimbledon: - Top seed Novak Djokovic takes on Radek Stepanek on Center Court. A top seed has lost in the se...



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Taiwan activists can't get HK visas

Three Taiwanese activists who led a campaign in March to occupy Taiwan's parliament say they've been denied a visa to visit Hong Kong. Prominent stud...



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(NHL) Crosby wins MVP, Roy named best coach

Pittsburgh Penguins captain Sidney Crosby won the Hart Trophy as the NHL's Most Valuable Player on Tuesday as the league handed out its season honor...



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(World Cup) Uruguay, Greece advance; Italy, Ivory Coast out

Underscoring a power shift away from Europe, Uruguay fought -- and apparently even bit -- its way to a 1-0 victory over Italy Tuesday to move to the W...



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(World Cup) Suarez bites again

Luis Suarez faces the prospect of a long ban after shocking the World Cup with a new biting storm on Tuesday as Uruguay dumped Italy out of the tour...



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Paul Chan to meet NT villagers

The Development Secretary, Paul Chan Mo-po, will meet villagers affected by the proposed Northeast New Territories Development project today in Fanlin...



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Nikkei falls on profit-taking

Tokyo stocks fell 0.42 percent on Wednesday morning, tracking losses on Wall Street as profit-taking emerged in the wake of recent record-breaking ris...



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Does cheap money mean governments care about the future?





We have been living in a low interest rate world since the Great Recession of 2008-2009.









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The lesson from Dov Charney: rudeness in business never pays





I bet you have come across a really nasty boss who thinks that the louder he shouts (it’s usually a he) the more he’ll be listened to and who believes that politeness is for wimps.









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Tuesday, June 24, 2014

(NBA) Clippers' future up to judge

With a $2 billion sale of the Los Angeles Clippers hanging in the balance, a judge suggested the terms of a family trust are clear enough to remove Do...



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New vessel enlisted in Taiwan Strait

A new vessel has been enlisted by the maritime search and rescue center in east China's Fujian Province to aid patrol and rescue work in the Taiwan St...



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1 dead, 20 hurt in Lebanon blast

Lebanese officials and the state-run news agency say the overnight suicide bombing in a southern Beirut neighborhood killed a security officer and wou...



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Albania expects to join EU

Albania is expecting the European Union to grant it candidate status Tuesday to join the bloc, after three rejections since 2009. The EU had postpon...



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Hang Seng closes higher

Hong Kong shares closed 0.33 percent higher on Tuesday, in line with a regional rally, as bargain hunters moved in following a heavy sell-off in the p...



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US named watchdog for BNP

New York state financial regulators appointed a corporate monitor within the US offices of BNP Paribas late last year to keep an eye on its activities...



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MPFA to seek public views over core fund

The Mandatory Provident Fund Schemes Authority has launched a consultation on the introduction of a core fund to keep fees lower. The consultation wil...



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Gunmen kills 17 Muslims in Central Africa

Gunmen have killed 17 Muslims at a camp in the centre of the strife-torn Central African Republic in the latest sectarian violence to wrack the impove...



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MTRC vows to protect relics

The MTR Corporation says it'll install steel plates to protect relics discovered at the construction site of the Shatin-Central rail link in To Kwa Wa...



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Customs smash smuggling case

Police have smashed a major smuggling case in the marine north region and seized more than HK$35 million worth of goods. Three people were arrested a...



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New debt 'worst possible' error in EU: Schaeuble

Running up new debt would be "the worst possible'' thing to do, German Finance Minister Wolfgang Schaeuble said on Tuesday as a debate resurfaces ove...



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(Olympics) Murofushi appointed Tokyo 2020 sports director

Former Olympic hammer-throw champion Koji Murofushi has been appointed sports director of the 2020 Tokyo Games. Fluent in English, the 39-year-old Mu...



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(NBA) Tim Duncan staying with Spurs in 2014-15

Tim Duncan has resisted the temptation to retire on a title-winning high and at age 38 has signed on for another season with the San Antonio Spurs. D...



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Student survivors to testify in SKorea ferry trial

Student survivors of South Korea's ferry disaster will testify in the trial of the captain and crew in a special session at a courtroom in their traum...



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Rights group urges Thai junta to release activist

A human rights group is calling on Thailand's military junta to release an opposition activist who appeared on an army television channel saying her t...



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Singapore kicks off marketing campaign after tourism hit by MH370 incident

Singapore is mounting a drive in China to market itself as a standalone tourism destination, officials said Tuesday, after a drop in Chinese arriva...



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Aquino backs larger Japan military role

Philippine President Benigno Aquino III has endorsed Japanese Prime Minister Shinzo Abe's push to expand Japan's military role. Aquino said in Tokyo ...



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Israel caves declared as world heritage

The United Nations cultural agency designated this week a network of over 2,000 years old, man-made caves outside of Jerusalem a World Heritage site, ...



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Deng Xiaoping's grandson promoted

The grandson of China's late paramount leader Deng Xiaoping has been given his first low-level leadership post in the area where his grandfather made ...



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Kerry visits Iraq's Kurdish region

US Secretary of State John Kerry arrived in Iraq's autonomous Kurdish region on Tuesday, part of a diplomatic drive aimed at preventing the country fr...



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Nikkei jumps to five-month high

Tokyo stocks edged up 0.05 percent on Tuesday, shrugging off earlier profit-taking and closing at fresh five-month highs. The Nikkei 225 index gained...



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Philippine president supports larger Japan military role

Philippine President Benigno Aquino III has endorsed Japanese Prime Minister Shinzo Abe's push to expand Japan's military role. Aquino said in Tokyo ...



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Egg thrower faces charges

Activist Chan Tak-cheung from the League of Social Democrats says he's being charged with common assault, following an incident at a government forum ...



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Activists on bail over Legco protests

Three activists have appeared in Eastern Court on charges relating to protests inside the Legislative Council complex last month. They were among abo...



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Fund sources say Morgan Stanley eyes WH Group IPO relaunch at 25 pc discount





WH Group’s high-profile, on-off Hong Kong IPO could come back to the market at a discounted valuation of at least 25 per cent, fund managers have said.









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Court stops execution of abused wife

China's Supreme Court has overturned the death sentence for a woman who killed her abusive husband, a relative said on Tuesday, in what rights advocat...



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Rising interest rates led investors to redeem bond funds in first four months of 2014





Fears of rising interest rates have led investors to redeem bond funds in the first four months of this year, resulting in net sales of funds in the city dropping by 37 per cent year-on-year.









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Japan to launch new revival plans: reports

Japanese Prime Minister Shinzo Abe is expected Tuesday to unveil a fresh round of reforms to boost a nascent growth recovery, reports said, his seco...



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More malware worms found in mobile apps: research

Malicious software is increasingly making its way into mobile phones through "cloned'' versions of popular apps, and software weaknesses in legitimate...



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Hang Seng up by noon

Hong Kong stocks edged up 0.35 percent in the morning session Tuesday, rebounding from a heavy sell-off in the previous session. The benchmark Hang S...



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CE claims significant progress

Chief Executive Leung Chun-ying says the government has achieved "significant progress" on a number of major issues in the past couple of years. But ...



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Obama calls for paid maternity leave

President Barack Obama said Monday that the United States should join the rest of the industrialized world and offer paid leave for mothers of newborn...



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Climate change to cost much: report

Climate change will exact enormous costs on U.S. regional economies in the form of lost property, reduced industrial output and higher health expenses...



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Another nominee for SKorean PM withdraws

South Korean President Park Geun-Hye's dwindling political fortunes took another hit Tuesdayas her second nominee for prime minister was forced to w...



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Terrorist groups recruit over internet

Terrorist groups are using the Internet to recruit people, raise funds and plan attacks in China, the State Internet Information Office (SIIO) said to...



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Larry Kwok to monitor police in July 1 march

The new chairman of the Independent Police Complaints Council, Larry Kwok Lam-kwong, said he will observe the performance of police in the July 1 marc...



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Nikkei dips at mid-day

Tokyo stocks fell 0.36 percent Tuesday morning, hit by profit-taking after the recent round of advances to five-month highs. The Nikkei 225 index g...



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(NBA) Anthony wants out of New York Knicks

Carmelo Anthony made it official on Monday, opting out of the final season of his New York Knicks contract in order to test the free agent market, his...



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Leung doesn't agree with Global Times commentary

Chief Executive Leung Chun-ying says he doesn't agree with a commentary in the mainland mouthpiece, the Global Times newspaper, which yesterday dismis...



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(World Cup) Brazil, Holland advance as group leaders

Neymar lived up to the weighty expectations of the World Cup host nation Monday, setting Brazil on course to clinch its place in the knockout stage wi...



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Data gives mixed picture of China's economy





A private survey on the mainland manufacturing sector showed a surprise jump to a seven-month high, but a China Beige Book report pointed to a deepening slowdown in other economic sectors such as real estate and services.









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HKEx 'open' to new boards idea





HKEx is "open-minded" about a top government advisory body's suggestion that the local stock market introduce more new boards to allow listings by companies with special share-holding structures.









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Euro-zone business growth slows amid price-cutting





The euro zone's private sector expansion unexpectedly slowed this month even though companies are still cutting prices to drum up business, a survey showed yesterday.









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Sovereign funds target emerging markets





Global sovereign investors made more investments in emerging markets last year and may continue to do so this year despite an underlying preference for developed markets, an annual study conducted by Invesco finds.









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Hong Kong firms team up in joint bid for Australian casino site





Chow Tai Fook Enterprises and Far East Consortium have signed a deal with Australian casino operator Echo Entertainment to bid together for Brisbane's Queen's Wharf casino site.









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Funding issue expected to hinder audit regulator reform in Hong Kong





The government has proposed that listed companies, investors and auditors share the cost of an expanded accounting regulator.









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Car dealer Sparkle seeks to regain glitter with new products





Sparkle Roll Group, a luxury-car dealer on the mainland, reported a 74 per cent fall in net profit for the year to March, caused by thinning profit margins because of a rise in competition from cities near Beijing.









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After the next crisis, let's make sure US prosecutors get their man





The senior executives who played leading roles in the 2008 financial crisis can breathe a sigh of relief: if any committed crimes, the statute of limitations will run out for most of them this year. It is safe to say nobody will go to jail.









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Inaugural Enterprise Hong Kong Awards to honour smaller players





The inaugural Enterprise Hong Kong Awards were launched yesterday, with the aim of giving greater recognition to the city's small and medium-sized enterprises.









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Fosun bolsters China's film world clout with deal to buy into Studio 8





Fosun International, a Hong Kong-listed investment company, is investing in an American film studio founded by former Warner Bros president Jeff Robinov.









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Monday, June 23, 2014

Japan swimmer Kitajima not retiring yet

Japan's multiple Olympic swim king Kosuke Kitajima has no plans to hang up his goggles, promising to come back stronger after missing qualification ...



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Police smash illegal bookmaker

Police have smashed an illegal bookmaking syndicate and seized more than HK$11 million in betting receipts and cash. Detectives raided a factory unit...



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Japanese automakers recall 3m cars for airbag

Japanese automakers on Monday recalled nearly three million vehicles worldwide over an airbag defect that could pose a fire risk. Honda said it recal...



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Kerry confronts threat of new war in Iraq

U.S. Secretary of State John Kerry has arrived in Iraq, where a nation that saw the departure of American troops just three years ago now faces threat...



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8 sentenced to death for Bangladesh bombing

A court in Bangladesh's capital has sentenced eight people, including a top leader of a banned Islamist group, to death for their roles in a bombing a...



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Female panda Xin Xin dies in Macau

The female half of a giant panda couple that the Asian gambling hub of Macau received as a gift from Beijing has died from kidney failure, the souther...



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Australian activist arrested in Malaysia

Malaysian police were holding an Australian activist in custody after she was arrested together with 15 others protesting against a rare earth plant...



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Russia: 'durable ceasefire' needed to launch negotiations

Russia's foreign ministry on Monday said that a "durable ceasefire'' was needed in eastern Ukraine to end fighting between government forces and rebel...



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SKorea military says conscript captured after wounding self

A South Korean military conscript who killed five members of his unit was captured Monday after shooting himself in the side following a tense 24-hou...



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Australian PM urges Egypt to free journalist

The Australian Prime Minister Tony Abbott has made a direct appeal to President Abdul Fattah al-Sisi of Egypt for the release of the Al-Jazeera journa...



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Chui Sai-on runs again for Macau CE

Macau's Chief Executive Fernando Chui Sai-on has confirmed he will stand for re-election, ending speculation that he might not seek a second term due ...



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MTR slammed over fare rise

The MTR Corporation has again come in for strong criticism from lawmakers over its 3.6-percent fare increase, which takes effect on Sunday. Legco's T...



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Nikkei finishes slightly higher

Tokyo stocks closed marginally higher on Monday as late profit-taking eroded early gains spurred by record-setting advances on Wall Street. The Nikke...



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Occupy voters urged to join July 1 march

An organizer of the Occupy Central movement has called on the more than 700,000 people who've taken part in its unofficial referendum on political ref...



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Top Malaysian court dismisses divisive 'Allah' case

Malaysia's highest court on Monday dismissed a bid by Christians for the right to use the word "Allah'', ending a years-long legal battle that has cau...



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Singapore cracks down on illegal bets during World Cup

Singapore police Monday said they have arrested 15 people in a crackdown on illegal betting during intense World Cup fever in the city-state, which ...



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Pesticides and autism linked: study

A California study out Monday found that pregnant women who lived near farms where pesticides are applied had a two-thirds higher risk of having child...



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Hang Seng close higher by midday

Hong Kong stocks rose 0.29 percent by the break Monday after a closely-watched HSBC survey indicated Chinese manufacturing activity this month grew fo...



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Albert Chan to retire as BU president next year

Professor Albert Chan Sun-chi will retire as President and Vice-Chancellor of Hong Kong Baptist University after the completion of his current five-ye...



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Brother of Ling Jihua fired

The brother of Chinese politician Ling Jihua, once a presidential ally whose son was killed in a scandalous Ferrari crash, has been sacked from his po...



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SKorea grants defection to North fisherman

South Korea said Monday it had granted a defection request from a North Korean fisherman rescued a week ago by the coastguard, in a move guaranteed to...



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Vocational school places to be increased

The Central government plans to increase the number of students in vocational education to 38.3 million by 2020, a government guideline said on Sunday...



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Putin, Poroshenko back to talks

Ukraine's new Western-backed leader and Russian President Vladimir Putin have both called for dialogue to end a pro-Moscow uprising that has threatene...



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Public consultation planned on working hours

The Secretary for Labour and Welfare, Matthew Cheung Kin-chung, says four public consultation forums will be held next month on whether the SAR should...



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China factory activities improve in June: HSBC

China's manufacturing activity expanded in June for the first time this year as the effects of Beijing's mini-stimulus on the world's second-largest...



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Cyber attack claims 'groundless': Holden Chow

The chairman of the Young DAB, Holden Chow Ho-ting, says claims that Beijing orchestrated major cyber attacks ahead of Occupy Central's vote on politi...



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26 dead in Hunan rainstorms

Five days of rainstorms in southern China have left 26 people dead and another three missing and led to direct economic losses of 4 billion yuan, acco...



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European shipping cartel was doomed by China's self-interest in loss-making industry





Surprise – and plunging share prices. China threw the shipping industry for a loop by vetoing a planned alliance which would have benefitted large European container firms. But why did anyone think Beijing would go for this deal in the first place?









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Why economic stimulus no longer works for China





There is a dispute between those who see Chinese economic policy as merely being “fine-tuned” and those who see active stimulus.









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Thousands turn out for Occupy vote

Over 700,000 people have voted in an unofficial referendum on political reform, organized by the pro-democracy movement Occupy Central. Electronic vo...



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Nikkei gains by mid-day

Tokyo stocks gained 0.36 percent on Monday morning, buoyed by a weaker yen and record-setting advances on Wall Street. The Nikkei 225 index added 55....



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(World Cup) Matchday 11 round-up

Cristiano Ronaldo set up Varela for a late equalizer on a hot and humid night in the jungle Sunday to give the Portugal a 2-2 draw with the United Sta...



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China paper slams Hong Kong democracy poll as 'farce'

A state-run Chinese newspaper on Monday slammed Hong Kong's unofficial referendum on democratic reform -- which has drawn more than 700,000 votes -- a...



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12 hurt in Tsing Yi car accident

Twelve people have been injured in a collision between a minibus and two cars. The accident happened at Tam Kon Shan Road roundabout near Cheung Fat E...



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Weak market and regulatory scrutiny unsettle bankers





It is very difficult to be a banker these days, especially in managing initial public offerings, given the weak environment for share sales.









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Shanghai free-trade zone seen as way to boost appeal of panda bonds





After the pilot Shanghai Free Trade Zone project aimed at smoothing cross-border yuan flows, encouraging foreign firms to sell so-called "panda bonds" in China may be the next big-bang reform move, says Standard Chartered Bank.









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South Korean TV dramas exploit success to push products across Asia





The export success of South Korea's television dramas has spawned a hard-selling world of branded entertainment that uses product placement to push everything from smartphones to lipsticks.









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Shangri-La, SCMP in top five influential Hong Kong brands list





Shangri-La Hotel and Resorts and the South China Morning Post, both part of the Kerry Group, are among the top-five most influential brands in Hong Kong, according to a survey by a popular business networking website.









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Apple's new programming tool opens door to more HK developers





Hong Kong mobile application companies predict more local developers will join the ranks of those creating apps for Apple devices, following the technology giant's surprise release of a new programming language earlier this month.









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Brokers and fund managers back special listing boards





Brokers and fund managers generally support a proposal by a top government advisory body to introduce new listing boards to cater to different companies and investors, bringing the city in line with markets such as New York and London.









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US maker of flying cars seeks mainland China partners





Massachusetts-based Terrafugia is seeking strategic partners on the mainland to help fund its plan to put its flying car on the streets and in the air by 2016.









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Buying rises for second week while selling among directors surges





The buying rose for the second consecutive week while the selling among directors surged based on filings on the exchange in the third week of June.









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