Alibaba postpones US roadshow ahead of IPO

Alibaba Group is postponing the start of investor meetings for its initial public offering by about a week to answer questions posed by the US Securities and Exchange Commission, according to a person with knowledge of the matter.

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Don't change listing rules until lawyers have to change theirs

Some people just don't know when they are well off. In my view, one of the strongest arguments for banning distorted voting rights in listed companies is that it helps keep those wretched IT companies off our market.

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Greek FM jet makes safe unscheduled landing

A government jet carrying the Greek foreign minister to Italy has made a safe unscheduled landing in northern Greece due to a crack in a cockpit windo...



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EU weighs Ukraine policy, Russia sanctions

European Union foreign ministers are weighing the 28-nation bloc's stance in the Ukraine crisis amid increasing calls to beef up economic sanctions ag...



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Hang Seng finishes flat

Hong Kong stocks ended flat Friday as forecast-beating second-quarter US growth data was offset by increased tensions between Russia and Ukraine. T...



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Pro-Russian rebels, Ukraine target civilians: UN

The United Nation human rights office says around three dozen people a day are being killed in eastern Ukraine where the death toll has risen to at le...



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Australia's consumer watchdog sues US games giant Valve

Australia's consumer watchdog Friday said it was taking online US video games giant Valve to court for allegedly making ''false or misleading repres...



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Gold rush as artist buries bullion on UK beach

Thirty gold bars have been buried on a beach in Britain by a German artist, prompting a flood of bounty hunters with metal detectors to seek their f...



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Rob Ford facing new allegations

Fresh allegations have emerged in Canada of inappropriate behavior by the controversial mayor of Toronto, Rob Ford, who's seeking re-election in Octob...



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Telsa teams up to build charging outlets

US electric carmaker, Tesla, says it will partner with China Unicom to build charging outlets across China. The companies have signed a deal to build...



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Tesco issues new profit warning

Troubled British supermarket giant Tesco on Friday issued another profits warning and slashed its shareholder dividend by 75 percent, blaming challeng...



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Malaysia Airlines to trim staff, routes under reform plan

Malaysia Airlines will slash staff, trim routes, replace its CEO and consider possible strategic stake sales to outside investors under plans announce...



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Tsimshatsui plot draws 16 bidders

The commercial plot on Middle Road has drawn 16 bidders today. This is considered a rare site with a maximum gross floor area of 339,712 sq ft. Around...



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Former Hohhot vice mayor sentenced to death

A former deputy mayor of Hohhot, capital of north China's Inner Mongolia Autonomous Region, was sentenced to death with a two-year reprieve over charg...



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Japan councilor's China drug trial ends: reports

The Chinese trial of a Japanese city politician for drug trafficking has ended with prosecutors asking for a sentence ranging from 15 years to death...



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Taiwanese actor apologizes over drug use

Kai Ko Chen-tung, who was arrested along with Hong Kong actor Jaycee Chan Jo-ming, on August 14, apologized again after being released. Ko, 23, admit...



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Rare Tsim Sha Tsui site attracts 17 developers

The first commercial site in Tsim Sha Tsui released for sale in 16 years has attracted at least 17 developers.

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Malaysia Airlines to cut 6,000 jobs in massive overhaul

Malaysia Airlines will shed 6,000 workers as part of an overhaul to revive its damaged brand after being hit by double passenger jet disasters.

The staff reductions represent about 30 percent of its current workforce of 20,000.

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Dozens of planes grounded in German pilot strike

Thousands of passengers are feeling the impact of a pilots strike in Germany after negotiations between the country's biggest airline Lufthansa and th...



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Iceland aviation on red alert after volcanic eruption

Iceland's Meteorological Institute said Friday that the Bardarbunga volcano had begun erupting overnight and placed a ban on air traffic around the co...



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Former ICAC investigator says normal procedure was followed

A former ICAC investigator has defended the anti-graft body after its officers searched the homes of Next Media boss, Jimmy Lai Chee-ying and his assi...



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Civic Party makes last ditch appeal

Members of the Civic Party have staged a protest outside the Central Government's Liaison Office, urging Beijing to address people's demand for genuin...



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CE hopefuls must be patriotic: Chen

A former deputy director of the State Council's Hong Kong and Macau Affairs Office, says it's perfectly justified to require chief executive hopefuls ...



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Israel identifies body as missing American student

Israeli police say a recently found body has been identified after a forensic investigation as that of a U.S. religious student who disappeared while ...



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Shun Tak boosts first-half core profit 225.6pc on strong property sales

Underlying profit at Shun Tak Holdings, which runs businesses from property to shipping and hotels, surged 225.61 per cent year on year to HK$534 million in the first half of the year, driven mainly by strong property sales.

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Wanda plans e-commerce JV with Baidu, Tencent

China's Wanda Group, headed by the country's richest man, is joining Internet giants Baidu and Tencent to set up an e-commerce platform costing more...



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Nikkei ends lower

Tokyo stocks lost 0.23 percent Friday, after a slate of weak Japanese data and a turndown on Wall Street driven by renewed Ukraine-Russia tensions. ...



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German retail sales fall in July

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



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Citic’s interim core profit flat, supported by earnings from property development

Citic, China’s largest conglomerate and the Hong Kong-listed flagship of state-owned Citic Group, posted a 55.2 per cent year-on-year drop in interim net profit, but recurring profit was flat when one-time gains in the first half of last year were excluded.

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Lijun to sell unit to firm partly owned by ex-chairman, ex-director

Chinese antibiotics maker Lijun International Pharmaceutical (Holding) has agreed to sell its drug-making subsidiary in Xian, Shaanxi province, to a firm partly owned by its former chairman and a former director, who both recently stepped down.

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GCL shares shine as solar panel demand drives profit turnaround

Shares of GCL-Poly Energy, the world’s largest producer of solar panel raw materials polysilicon and solar wafers, rose 4.5 per cent to HK$2.80 in morning trade no Friday after it reported an interim profit turnaround as industry overcapacity was largely eased by surging

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Chalco shares take a beating on poor results

Shares of Aluminum Corp of China, the country’s largest producer of the metal, fell 4.1 per cent to HK$3.31 on Friday morning after it posted a worse-than-expected 4.12 billion yuan net loss for the first half of the year.

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Hang Seng down at lunch

Hong Kong shares finished the morning session 0.25 percent lower on Friday as increased tensions between Russia and Ukraine fuelled fears of a confl...



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China Vanke forms venture with Carlyle

China Vanke and United States buyout firm Carlyle Group have signed a non-legally binding memorandum of understanding to set up a joint venture that will acquire and manage nine of the Chinese developer's commercial property projects until these assets are securitised in

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Low dividend hits Minsheng shares

China Minsheng Banking Corp’s net profit grew 11 per cent in the first half of the year but its share price fell on Friday morning as the bank more than halved its dividend.

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NKorea yanks cheerleaders for Asian Games

North Korea said Friday it won't send cheerleaders to the upcoming Asian Games in rival South Korea, blaming what it called Seoul's hostility for reve...



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Shipbuilder Rongsheng sinks deeper in losses

China Rongsheng Heavy Industries, one of the country’s largest privately owned shipbuilders, sank deeper in losses even as shipping lines China Cosco and China Shipping Container Lines appeared to be getting into better financial health.

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'Revolting Rhymes' pulled from Australian store

An Australian supermarket which withdrew Roald Dahl's "Revolting Rhymes'' because of the word "slut'' faced a revolt Friday with some shoppers calli...



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Japan consumer prices rise for 14th straight month in July

Japan's July consumer prices were up 3.3 percent from a year earlier, gaining for the 14th straight month, said the Japanese Internal Affairs Ministry...



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Jobless rate inches up in Japan

Japan's jobless rate skipped to 3.8 percent in July, up from the read of 3.7 percent in the previous month, said the Japanese government Friday. Mean...



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Japan's July industrial output up

Japan's July industrial output was up a seasonally adjusted 0.2 from the previous month, said the Japanese Industry Ministry Friday. The index of out...



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56 injured as tour bus crashes in BC

Fifty-six people injured, with several in critical condition, after a tour bus crashed near Merritt, British Columbia, Canada, Thursday afternoon. Po...



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Malaysia Airlines suspends shares ahead of reform plan

Struggling Malaysia Airlines suspended trading in its shares Friday ahead of an announcement later in the day on a restructuring plan aimed at keepi...



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Strong sales fuel beer maker Tsingtao Brewery’s gains

Tsingtao Brewery, one of the leading beer makers in China, said revenue increased 13 per cent for the fist half on the back of strong sales.

Net profit edged up 0.7 per cent to 1.41 billion yuan from a year earlier.

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Developer China Vast profit drops 17.7pc

China Vast Industrial Urban Development, a Chinese developer newly listed in Hong Kong, reported on Friday morning that its net profit dropped 17.7 per cent in the first half to 449.95 million yuan (HK$565.74 million) from the same period last year as taxes and cost of se

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Volcano erupts in PNG spewing ash and rock: officials

A volcano erupted Friday in eastern Papua New Guinea, spewing rocks and ash into the air and forcing the evacuation of local communities, seismologi...



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Nikkei slips by break

Tokyo stocks fell 0.61 percent Friday morning after a slate of weak Japanese data and a turndown on Wall Street driven by renewed Ukraine-Russia ten...



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Guizhou landslide toll rises to 15: report

The death toll from a landslide that destroyed a Chinese village has risen to 15, state media reported Friday. Half of a 600-metre high knoll near F...



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Japan policymakers face pressure on weak data

Japan's economy slowed markedly last month as consumer spending dropped and factory output ran out of steam, data showed Friday, underscoring concer...



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Support for Scottish independence growing: poll

Support for Scottish independence is increasing three weeks ahead of a referendum, a poll published Friday showed, amid attempts by British Prime Mi...



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China may lose position as copper price driver

China has in recent years been viewed as the main driver of the global copper market, and while its influence remains strong, it is possible that the rest of the world will take over in the short term.

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New stock index makes waves in Japan

Two years after being plucked from the ranks of exchange product developers to design the JPX-Nikkei Index 400, Daisuke Tanaka finds himself at the centre of a corporate revolution.

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Spanish economy expands in second quarter: official data

Spain's economy grew by 0.6 percent in the second quarter compared with output in the previous three months, the fastest rate since 2007, the nation...



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Chinese Estates profit down 42.5pc

Chinese Estates Holdings posted a 42.5 per cent fall in first-half core profit to HK$1 billion due to a sharp decline in property sales.

Net profit, including property revaluation gains, dropped 45.19 per cent to HK$2.45 billion.

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Two Chinese firms among potential bidders for Singapore’s Stats ChipPac

Two Chinese firms are among companies that have approached Stats ChipPac about acquiring it, the Singapore provider of technology services said on Thursday.

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Reform protest planned after NPC vote

Occupy Central organizer Benny Tai Yiu-ting has said he will co-ordinate a mass protest on Sunday if the National People's Congress Standing Committee...



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European stocks slip at open

Europe's main stock markets slipped at the start of trading on Thursday, with London's benchmark FTSE 100 index losing 0.09 percent to 6,824.60 points...



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Samsung and LG unveil new smartwatches

South Korea's Samsung and LG unveiled new smartwatches Thursday with upgraded functions and design as they step up their drive to lead an increasingly...



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Nikkei dips at close

Tokyo stocks closed down 0.48 percent Thursday, dragged by a stronger yen, after a muted session on Wall Street. The benchmark Nikkei 225 index eased...



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8 killed after bus plunges into valley

Eight people were killed after a minibus fell into a valley on Thursday morning in Anhua County in central China's Hunan Province, said local authorit...



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Occupy will stop if there's violence: Tai

Occupy Central organiser Benny Tai Yiu-ting says he'll end the act of occupying streets if violence breaks out or they lose control of the situation. ...



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Logan Property core profit jumps by two-thirds as turnover rises 43pc

Shenzhen-based Logan Property posted a jump of 66.3 per cent in first-half core profit to 679.6 million yuan (HK$854 million).

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Japan coastguard seeks to double budget for disputed islands patrol

Japan's coastguard is to ask for a doubling of its budget to boost patrols around islands that are the focus of a dispute with China, officials said ...



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Net income triples at Alibaba as revenue jumps 46pc

Alibaba’s revenue growth accelerated in the second quarter on strong gains in its mobile business, providing investors with what may be the final glimpse of the firm’s financials before its expected landmark market debut.

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Cinda Asset Management shares fall 7pc after profit growth disappoints

The share price of China Cinda Asset Management fell almost 7 per cent in morning trading on Thursday to HK$3.93 after the toxic-loan manager posted slower growth than its unlisted peers.

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Chinese industrial firms’ profits grow more slowly

Chinese industrial companies’ profits grew more slowly last month than in June, the National Bureau of Statistics said, as industries such as coal suffered heavy losses.

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Port operator China Merchants sees first-half profit rise 11.1pc

China Merchants Holdings (International), one of the world’s biggest port operators, reported first-half net profit attributable to shareholders up 11.1 per cent to HK$2.15 billion from the same period last year as the company started to realise gains on previously invest

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Philippine Muslim rebels oppose Islamic State 'virus'

The Philippines' largest Muslim rebel group has condemned extremist jihadists in Iraq and Syria, and vowed to stop the spread of their "virus'' into...



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New strikes hit Hyundai Kia auto group

South Korea's Hyundai Kia Automotive Group was hit by fresh strikes on Thursday as thousands of workers downed tools to push for wage reforms, with r...



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Markets more focused on what Hong Kong could lose than universal suffrage

I am often asked “has Hong Kong changed since you have been here?” “Er … yes.” We all know the enormous changes that have occurred since the second world war as conflict, famine and depopulation were replaced by peace and stability.

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Hang Seng inches up at lunch

Hong Kong shares ended the morning session slightly higher Thursday but gave up most of their early gains owing to profit-taking. The benchmark Han...



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Iron ore price at almost two-year low

The spot iron ore market is sinking under the weight of new supply.

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Despite higher threshold, universal suffrage is an improvement: Starry Lee

Lawmaker Starry Lee Wai-king said it marked an improvement for universal suffrage to run in Hong Kong. Speaking in a radio program, the DAB vice chai...



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ICAC searches Lee's home

Anti-graft officials visited the homes of Next Media boss Jimmy Lai Chee-ying and Labor Party chief Lee Cheuk-yan. Lai said he would not comment on t...



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Occupy may begin with demostration on Sunday

Occupy Central supporters of the movement will gather outside the office of the Chief Executive, after Beijing formally lays down the framework for po...



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Expat investors launch suits against advisers, trustees and insurance firms

Expatriate investors in a failed Australian mortgage fund have started to sue financial advisers, pension fund trustees and listed life insurance companies in a bid to recoup the nearly A$400 million (HK$2.8 billion) that disappeared in one of the largest scandals to rock

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Thai court drops murder charge against former PM Abhisit

A Thai court on Thursday dismissed charges of murder and abuse of power against former prime minister Abhisit Vejjajiva and his ex-deputy over a blood...



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(Flight MH370) Missing jet may have turned south 'earlier' than thought

Australia said Thursday the hunt for missing Malaysia Airlines Flight MH370 will focus on the southern part of the existing search zone after new info...



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GIC buys into Taiwan music streaming firm

Singapore sovereign wealth fund GIC has invested US$104 million in KKBOX, a popular Taiwan-based music streaming provider aiming to expand across Asia...



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(Flight MH370) Australia, Malaysia reach search cost-sharing deal

Malaysia's transport minister says an investigation into how a Malaysian airliner came to crash into the Indian Ocean far off course cannot go further...



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Shanxi provincial officials removed from posts

Two senior Party officials from north China's Shanxi Province have been removed from their posts for suspected serious discipline and law violations, ...



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Europe’s rapidly unravelling economic reform agenda

There are many casualties of the four-year-old crisis in the euro zone.

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6 dead, 21 missing in Guizhou landslide

Six people died and 21 remained missing Thursday after a landslide hit a village in southwestern China, according to Chinese state media. The offic...



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(NFL) Browns receiver Gordon gets one-year ban for substance abuse

The National Football League has slapped wide receiver Josh Gordon with a one-year ban for substance abuse after the Cleveland Browns player's appea...



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Hainan Airlines profit down 69.78pc

Hainan Airlines, China’s largest privately held airline, posted a 69.78 per cent slide in first-half net profit after one-off items to 148.2 million yuan (HK$187 million) as unprecedented depreciation of the yuan cut deep into earnings at the country’s airlines.

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Next Media suspended trading

Trading in the shares of Next Media (0282) has been halted at 10:44 am today, according to the stock exchange. Before suspension, it was traded at 9...



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Flights stop for Ebola-hit countries

The three nations at the center of the west African Ebola outbreak were left increasingly isolated Thursday as more airlines suspended flights to th...



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(Football) Sanchez strike sends Arsenal through

Football: Alexis Sanchez's first Arsenal goal earned his side a nervy 1-0 victory over Besiktas that saw them squeeze into the Champions League for th...



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Russian hackers attacked JPMorgan: reports

Hackers believed to be from Russia broke into the computer systems of JPMorgan Chase and a second US bank earlier this month, sparking a federal inv...



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Nikkei up down by break

Tokyo stocks fell 0.52 percent Thursday morning, dragged by a stronger yen, after a muted session on Wall Street. The benchmark Nikkei 225 index e...



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Ex-planning chief under investigation

A former director at the mainland's powerful economic planning agency who oversaw pricing is being investigated, financial news magazine Caixin report...



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(Football) Spain's Alonso announces international retirement

Spain's Xabi Alonso has retired from international football, the World Cup and twice European Championship winning midfielder said on Wednesday. In...



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Jiangxi Copper first-half profit down 3.6pc on lower metals prices

Shares of Jiangxi Copper, China’s largest smelter of the industrial metal, fell 0.28 per cent to HK$14.26 on Thursday morning after it posted a 3.6 per cent drop in first-half net profit on Wednesday night on the back of lower copper and gold prices and higher finance cos

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Datang International’s chemical production losses widen to 1.37b yuan

Shares of Datang International Power Generation, the listed flagship of China Datang Group, one of the Big Five state-owned power generators, fell 0.47 per cent to HK$4.22 in early trade on Thursday after it posted a 0.5 per cent increase in first-half net profit to 2.03

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Chinese developer Country Garden launches HK$3.18b rights issue

Chinese developer Country Garden Holdings plans to raise HK$3.18 billion in a rights issue, offering one new share for every 15 existing ones at HK$2.50 each, it announced late on Wednesday.

Its shares opened down 6 per cent at HK$3.40 on Thursday morning.

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Mother of US hostage pleads for release

The mother of an American journalist held captive by militant group Islamic State has released a video appealing directly to the group's leader for hi...



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Pan-Democrats plan to veto political reform proposal

Pan-democrats have vowed to veto the government's political reform proposal if it's as conservative as one reportedly being considered by the National...



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9-year-old girl accidentially kills gun instructor with Uzi

A nine-year-old girl learning to fire an Uzi submachine gun was unable to control the weapon, accidentally killing her instructor, news reports said ...



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ICAC officers swoop on Jimmy Lai's home

Anti-graft officers have visited the home of Next Media boss, Jimmy Lai, in Kadoorie Avenue in connection with the ICAC's investigation of political d...



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Hong Kong stocks buoyed by Wall Street at open

The Hong Kong stock market opened sharply higher, buoyed by another steady performance overnight on Wall Street, where benchmark indices are hovering ...



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Foreigners keener on Chinese stocks than direct investment

China’s foreign investment mix is changing, with portfolio investors buying more stocks but foreign direct investment falling to a two-year low on a slowing economy, rising business costs and anti-monopoly probes and crackdowns on foreign firms.

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Citic subsidiary faces more legal action over metals stored in Qingdao

Another company has joined the race to file lawsuits to secure rights to metals stored at Qingdao port, which has been at the centre of a fraud scandal.

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IMF chief Lagarde charged over French corruption case

IMF chief Christine Lagarde announced Wednesday she had been charged for "negligence" over a multi-million-euro corruption case relating to her time ...



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(Squash) Max Lee exits early in HK Open

There was disappointment for Hong Kong's Max Lee at the 2014 Squash Open. Hong Kong's top-ranked player has crashed out in the first round, losing in ...



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Iraq strikes jihadists as fears grow for thousands in besieged town

Iraqi warplanes have begun targeting jihadists besieging the Shiite Turkmen town of Amerli amid growing fears for the safety of thousands of resident...



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Hang Seng ends lower

Hong Kong stocks ended 0.62 percent lower Wednesday, reversing earlier gains, as profit-takers cashed in after the market hit a six-year high at the ...



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Rusal returns to quarterly profit

The world's largest aluminium producer, Rusal, said Wednesday it had bounced back into the black in the second quarter, buoyed by improving metal pric...



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HK Post slammed over Scholarism leaflets

Members of Scholarism have accused Hong Kong Post of acting politically in refusing to send out 80,000 leaflets from the student activist group to hou...



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Russia to send aid to Ukraine with Red Cross: Putin spokesman

Russian President Vladimir Putin has agreed with the Ukrainian leader that Moscow will send aid to eastern Ukraine under the aegis of the Internationa...



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Pacquiao to help set up boxing institute

Manny Pacquiao is setting up a boxing institute in China and believes the country of 1.4 billion people can produce professional world champions. P...



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Japan PM sent prayer note to war criminal ceremony

Japan's top government spokesman has acknowledged that Prime Minister Shinzo Abe earlier this year sent a note to a temple ceremony honoring hundreds ...



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China bus-truck collision death toll rises to 15

The death toll in a massive head-on collision between a truck and bus in northwestern China has risen to 15, with 48 other people being treated for in...



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Our minds are preoccupied with tiny risks, ignoring the real challenges

As of today, about 1,500 people have died from Ebola disease.

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Power generators rally on price cut

Mainland power generator shares listed in Hong Kong mostly rose after the central government confirmed a power price cut for generators by less than half the amount the market was expecting.

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Schwarzenegger will be back in Hong Kong next month

Arnold Schwarzenegger will be back in Hong Kong next month but he won’t be making movies. Stockbroker CLSA has invited him to speak to investors at its investor forum.

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HKU braces for boycott of classes

The vice-chancellor of the University of Hong Kong, Peter Mathieson, says it'll handle cases of students and staff who take part in any boycotts accor...



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Fonterra steps back into China market

New Zealand dairy giant Fonterra on Wednesday said it will take a stake in Chinese baby food and formula maker Hangzhou Beingmate Group in the dairy g...



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(Football) United smash British record by signing Di Maria

Manchester United smashed the British transfer record when they signed Argentina winger Angel Di Maria from Real Madrid for 59.7 million pounds ($98.7...



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Nikkei closes flat

Tokyo stocks closed flat on Wednesday after sluggish trading as market participants remained cautious about the future of the Japanese economy. T...



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Journalist held captive in Syria returns to US

Journalist Peter Theo Curtis returned home to the United States, two days after being freed by a Syrian extremist group that held him hostage for 22 m...



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China Agri-Industries issues profit warning after losing HK$374m in July

China Agri-Industries issued profit warning for the second half on Wednesday after losses ballooned last month.

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Mainland pilot scheme paves way for foreign-owned hospitals

The mainland has launched a pilot scheme allowing the setting up of wholly foreign-owned hospitals in three municipalities and four provinces as part of central government reforms aimed at introducing more competition into the tightly regulated medical services sector.

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Court hears HKTV's licence challenge

The High Court has started hearing a challenge by Hong Kong Television Network to the government's decision not to grant it a free-to-air broadcasting...



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Beijing probes top official of China Resources unit

Chinese authorities are investigating the president of Hong Kong blue-chip stock China Resources Power, the company said, as a corruption probe into i...



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Burger King buys Tim Hortons

US fast food company Burger King has agreed to buy Canadian coffee shop chain Tim Hortons for 12.5 billion Canadian dollars to create the world's thir...



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UN arm to launch airline info system

The United Nations' civil aviation body will launch two pilot projects designed to help airlines and states better share information about risks in co...



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American woman is being held hostage in Syria

The Islamic State militant group is holding hostage a young American woman who was doing humanitarian aid work in Syria, a family representative said....



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Air China shares up despite profit drop for first half

Shares in Air China (0753) climbed in Hong Kong Wednesday despite reporting a 58 percent drop in first-half net profit. The firm said in a filing wi...



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Japan lab fails to replicate 'stem cell' findings: report

Researchers in Japan have been unable to replicate experiments that were hailed earlier this year as a "game-changer'' in the quest to grow transplant...



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NKorea calls US 'human rights graveyard' over Ferguson

North Korea has joined the ranks of America's foes who have seized on riots in Missouri, saying the nation is the "graveyard of human rights'' and sho...



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First local dengue case in Japan in 60 years

Japanese health authorities have reported the first locally transmitted case of dengue fever in the country in more than 60 years. The ministry says ...



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Canada evacuating Ebola lab team from Sierra Leone

Canada is evacuating a three-member mobile laboratory team out of Sierra Leone after people in their hotel were diagnosed with Ebola. The Public Age...



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Haier Electronics on lookout for more logistics acquisitions

Haier Electronics plans new acquisitions to bolster its fast-growing logistics service business, after the company posted a 19 per cent year-on-year increase in first-half net profit.

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Air China blames yuan depreciation for 55.42pc fall in first-half profit

Air China reported a 55.42 per cent fall in first-half earning to 510 million yuan (HK$642.5 million) as mainland airlines suffer from the depreciating yuan.

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Top Colombian drug hitman is freed

The head of Colombian drug kingpin Pablo Escobar's hitmen, a confessed murderer nicknamed "Popeye,'' was released from prison Tuesday after helping ...



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HOS buyers to select units

A dozen of lottery winners for the Home Ownership Scheme flats in Tai O Tin Lee Court arrived at the Customer Service Centre of Housing Authority in L...



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Nikkei flat by lunch

Tokyo stocks were flat at the end of Wednesday morning trade, paring earlier gains that came after another record close on Wall Street. The Nikkei 22...



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US judge rules LME out of case as ‘organ’ of British government

A judge has dismissed London Metal Exchange as a defendant from US antitrust litigation accusing banks and commodity companies of conspiring to drive up aluminium prices.

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Mainland consumers more pessimistic this month

Consumer sentiment on the mainland deteriorated this month, with people becoming more pessimistic about the outlook for personal finances and employment, a survey found.

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(NFL) Broncos kicker Prater gets four-game ban over alcohol abuse

Denver Broncos kicker Matt Prater was suspended without pay for the first four games of the upcoming National Football League season Tuesday for vio...



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Brosnan back as spy in new action thriller

Former 007 star Pierce Brosnan returns to the world of guns and spies in "The November Man,'' an action thriller that pits his character against his ...



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Israel accepts Gaza long-term truce

Israel has accepted an Egyptian proposal for a Gaza ceasefire, a senior Israeli official said on Tuesday. "Israel has accepted an Egyptian proposa...



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(Football) United blown out by third-tier club

English Premier League champions Manchester United suffered yet another humiliating loss when they bowed down to third tier club MK Dons in the second...



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Hong Kong stocks opens higher

Hong Kong stocks opened 0.25 percent higher Wednesday following another record close on Wall Street fuelled by positive data on the US economy. The...



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Four die after wall collapse in Yunnan quake zone

Four villagers died on Tuesday when they dismantled their home damaged in a strong earthquake in southwest China's Yunnan Province. The victims were ...



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NPC to vote on reform proposal

The Standing Committee of the National People's Congress is expected to come up with a draft resolution on Hong Kong's political reform later on Wedne...



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Three dead in Kwun Tong fire

Three people have died -- including two young children -- in a fire in Kwun Tong. The fire broke out around 3 o'clock this morning, at a flat in Tsui...



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Garage sale on cards as fund managers make room for Alibaba

Investors are looking over portfolios to make room for Chinese e-commerce giant Alibaba’s market debut next month.

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Drilling division’s 32.6pc jump in profit boosts China Oilfield Services

China Oilfield Services posted a 39.1 per cent year-on-year rise in first-half net profit to 4.42 billion yuan (HK$5.56 billion) on Tuesday night.

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Fosun insurance revenue up 8,294pc

Fosun International reported an 8.4 per cent year-on-year rise in net profit to 1.8 billion yuan (HK$2.26 billion).

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Bureaucratic meddling the bane of business world over

Show me a businessperson who likes bureaucrats, and I will conclusively prove that Elvis is alive and living on the moon.

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Shui On Land buys remaining stake in Foshan development project

Shui On Land has agreed to purchase the 49 per cent stake it did not already own in a development project in Foshan, Guangdong.

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Brokers favour South Korea's worst-performing shipbuilders

South Korean shipbuilders, this year's worst-performing industry group, are attracting buy recommendations from three of the nation's biggest brokerages after valuations sank to record lows.

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Learn from Shinzo Abe and get out of bonds, says CLSA

Investors should take cues from Japanese Prime Minister Shinzo Abe's urgency to have pension funds trim bond holdings as relative valuations swing in favour of equities, CLSA Asia-Pacific Markets said.

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Chart of the day: Greenback gains

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Clive Palmer apologises for 'insult to Chinese everywhere'

Clive Palmer appears to have had a change of heart about his feelings towards the Chinese.

Early last week, readers will recall, he was calling them "bastards" and "mongrels". However, yesterday he was singing a different tune.

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China investigating managers at VW joint venture

The Chinese anti-corruption agency said Tuesday it is investigating one current and one former manager at Volkswagen's main joint venture in China. ...



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13 dead in Gansu bus-truck crash

Thirteen people were killed on Tuesday afternoon when a bus carrying 61 people collided head-on with a truck on a highway in northwest China's Gansu P...



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Vietnamese players sentenced for match fixing

Nine Vietnamese football players and one bookmaker on Monday were sentenced for manipulating scores in a match at Asian Football Confederation (AFC) C...



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Bomb detonated in North Point

Police bomb disposal officers on Tuesday detonated a suspected bomb that was found at a construction site in North Point. Reports from the scene on H...



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Mainlanders blamed over ticket sale

Local netizens blasted mainlanders for jamming Cathay Pacific server and snapped up most of the 2,014 tickets -- costing as low as HK$100 each -- shor...



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More yuan payments in Europe

Europe now represents 10 percent by value of global payments in China's currency, transactions organization SWIFT said Tuesday, as more countries se...



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Japan councilor denies drugs charges at China trial: report

A Japanese city politician denied Chinese drugs charges that could carry the death penalty as his trial began on Tuesday, reports said. Takuma Saku...



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Buffett to help finance Burger King deal: report

Warren Buffett will help finance Burger King's planned takeover of the Canadian coffee and donut chain Tim Hortons, the Wall Street Journal reported T...



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WHO recommends banning e-cigarette sales to minors

Governments should ban the sale of e-cigarettes to minors, the World Health Organization said Tuesday, warning that they pose a "serious threat'' to ...



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Hacking attacks prompt Singapore to beef up cyber security

Singapore on Tuesday announced new measures to strengthen cyber security to prevent a recurrence of attacks on government websites including those o...



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Peugeot approved to run 4th China plant: report

French auto maker PSA Peugeot Citroen's fourth plant in China has been approved for the southwestern city of Chengdu by local authorities, the offic...



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Profit taking sends Hang Seng lower

Hong Kong stocks ended 0.37 percent lower Tuesday as profit-takers moved in after the index hit a six-year high in the previous session. The Hang Sen...



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Want Want profit rises 3.5pc as China Foods’ losses shrink 56pc

First-half net profit at Want Want China rose 3.5 per cent from the same period a year earlier to US$318.5 million.

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Health care could account for almost a third of HK GDP by end of century

Four factors determine spending on health care: the size of the population, the proportion of elderly people in the population, the average income per person, and the cost of health care services.

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Evergrande confident of hitting 110b yuan full-year sales target

Evergrande Real Estate has reported a sharp rise of nearly 40 per cent in its underlying profit for the six months to June 30.

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AviChina profit disappoints

Aircraft manufacturer AviChina Industry & Technology Company reported its first-half net profit edged up 0.54 per cent to 375 million yuan (HK$471.39 million) while revenue increased 11.75 per cent to 10.4 billion yuan.

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Nikkei ends lower

Tokyo stocks slipped 0.59 percent Tuesday on profit-taking as investors weighed a solid yen against a record close on Wall Street. The Nikkei 225 ind...



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150 HIV cases recorded in second quarter

The Center for Health Protection (CHP) reported a record of 150 Human Immunodeficiency Virus (HIV) infections in the second quarter of 2014, bringing ...



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Cosco Pacific profit up 2.1pc

Cosco Pacific, the port operating arm of state-owned China Ocean Shipping Group, reported first-half net profit from continuing operations up 2.1 per cent year on year to US$146.8 million, with steady gains from terminal business but weaker performance in container leasin

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ICBC handles more cross-border yuan settlements in first half

Industrial and Commercial Bank of China (1398) reported total cross-border renminbi transactions handled by the bank amounted to 1.7 trillion yuan in ...



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Mobile use bad for school test scores: study

Children who spend more than four hours a day on their mobile phone perform significantly worse on school tests than those who are limited to just 3...



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Fetus removed from woman after left inside body for 36 years

Doctors in India have removed the skeleton of a fetus that had been inside a woman for 36 years in what is believed to be the world's longest ectopic...



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Paper urges 'coercive measures' against HK protesters

A state-run Chinese newspaper Tuesday called for "coercive measures'' against pro-democracy demonstrators in Hong Kong, as China's rubber-stamp legi...



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Wanda Commercial changes name as it shifts focus to hotels

Wanda Commercial Properties, controlled by the mainland’s richest man Wang Jianlin, announced on Tuesday it was changing its name to Wanda Hotel Development to reflect its plan to build and hold hotels in global gateway cities.

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(Emmy Awards) List of winners

Here are the winners in the main categories at the 66th Primetime Emmys show, announced Monday at the Nokia Theatre in Los Angeles: Outstanding dr...



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CIMC sees profit rise 87.5pc

China International Marine Containers (CIMC) reported first-half net profit rose 87.5 per cent year on year to 1 billion yuan (HK$1.26 billion).

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(Emmy Awards) Best drama goes to 'Breaking Bad'

"Breaking Bad'' won the Emmy for best drama series on Monday, capping a triumphant night in which it also won the best actor and best supporting act...



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(Emmy Awards) 'Modern Family' named best comedy series

"Modern Family'' took the Emmy for best comedy series on Monday, the fifth year in a row it has won the prize at television's equivalent of the Osca...



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(Emmy Awards) Bryan Cranston crowned best drama actor

Bryan Cranston won the Emmy for best drama actor Monday, the latest prize for his role as chemistry teacher-turned drugs kingpin in cult series "Break...



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Nikkei slips at midday

Tokyo stocks slipped 0.40 percent Tuesday morning on profit-taking as investors weighed a solid yen against a record close on Wall Street. The Nikkei...



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6,300 votes in Macau reform poll

The organizers of an unofficial referendum on political reform in Macau say over 6,300 people have now voted online. The poll asks whether there shou...



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Palmer sorry for China comment

Australian tycoon Clive Palmer has apologized for calling the Chinese government "mongrels" who "shoot their own people" after a fierce backlash in Be...



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Golden Eagle profit down 23.2pc

Mainland department store operator Golden Eagle Retail’s first-half net profit fell 23.2 per cent to 483.8 million yuan (HK$609.5 million).

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(Emmy Awards) Julianna Margulies named best drama actress

Julianna Margulies won best drama actress on Monday at the Emmys for her role in "The Good Wife,'' announced as television's equivalent of the Oscar...



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(Emmy Awards) Tribute to Robin Williams

The 66th Emmy Awards paid a heartfelt and somber tribute Monday to the late Robin Williams, his friend and fellow actor-comic Billy Crystal calling ...



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(Football) Jovetic leads City past Liverpool

Stevan Jovetic scored twice as champions Manchester City beat last season's runners-up Liverpool 3-1 on Monday in the first major showdown of the ne...



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(Football) Real start season with victory

Real Madrid got their La Liga campaign off to an unconvincing start as they beat newly promoted Cordoba 2-0 at home on Monday thanks to goals from Ka...



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ECB chief Draghi shifts emphasis from austerity to stimulus

Prodding governments to do more to boost demand and hinting at European Central Bank action to go along with it marks a major shift in ECB chief Mario Draghi’s euro zone policy away from a focus on austerity towards reviving growth.

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Sewage failure hits beaches

A number of people have been ignoring warnings not to go swimming at 14 beaches in Tsuen Wan and Tuen Mun that have been temporarily closed due to an ...



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CY criticizes Occupy organizer

The Chief Executive has hit out at one of the organizers of the Occupy Central movement, a day after Hong Kong's representative on the National People...



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Sunac reports 21pc rise in first-half core net profit to 1b yuan

Sunac China reported a 21 per cent year-on-year rise in core net profit to 1 billion yuan (HK$1.26 billion) in the first half.

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Towngas posts 2.96pc rise in net profit

Hong Kong and China Gas (Towngas) reported a 2.96 per cent year-on-year rise in net profit to HK$3.73 billion for the year’s first-half.

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37 investors express interest in Sinopec petrol stations

China Petroleum & Chemical (Sinopec) has received 37 non-binding expressions of interest from would-be investors in its open tender for up to 30 per cent of its fuel distribution operation.

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Huishan plans 2.5b yuan dairy industry investment in Jiangsu

China Huishan Dairy on Tuesday announced a plan to establish a vertically-integrated dairy value chain in Jiangsu province.

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China Aircraft Leasing to buy four Airbus A320s for US$375.6m

China Aircraft Leasing will buy four Airbus A320 aircraft for an aggregate basic price of about US$375.6 million (HK$2.9 billion), it said on Tuesday.

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ENN Energy on track to meet target

Wang Dongzhi, chief executive of mainland city-gas distribution rival ENN Energy said on Monday he saw “no problem” for the company to reach a target of full-year net profit growth of 20 per cent.

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K Wah International profit down 76pc

K Wah International reported first-half net profit plunged 76 per cent to HK$214 million due to lower property sales.

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Sony hit by cyber attack, bomb threat

Japanese entertainment giant Sony said Monday its online music and gaming sites came under a cyber attack by a hacker group that also claimed there ...



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Nikkei ends higher

Tokyo stocks closed up 0.48 percent on Monday as investors welcomed the dollar's rise following US Federal Reserve chief Janet Yellen's defence of c...



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Japan ready to offer trial Ebola drug

Tokyo stands ready to offer an experimental drug developed by a Japanese company to help stem the global tide of the deadly Ebola virus, the top gov...



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Officials punished for anti-bureaucracy violations

The disciplinary watchdog of the Communist Party of China (CPC) named and shamed 161 officials who violated anti-bureaucracy and formalism guidelines ...



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Beijing will 'stand firm' on reform: media

The overseas edition of the People's Daily newspaper has reiterated that the Central Government will stand firm on its bottom line when it comes to po...



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Online sales push helps lift Gome first-half profit 115pc

Mainland home appliance retailer Gome’s first-half profit surged 115 per cent year on year to 693 million yuan (HK$873 million) as it accelerates its online and offline integration.

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Suspect in LA shootings arrested

Police say a suspect in shootings that left three people dead and four others injured in the northern suburbs of Los Angeles has been taken into custo...



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China State Construction Engineering sees profit rise 34.4pc

China State Construction Engineering posted a 34.4 per cent year-on-year rise in net profit in the first six months of the year to 11.8 billion yuan (HK$14.8 billion).

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Japan PM visits Hiroshima after fatal landslides

Prime Minister Shinzo Abe on Monday pledged full support for victims of last week's massive landslides in Hiroshima, as he made his first visit sinc...



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Hang Seng dips at midday

Hong Kong shares fell 0.19 percent Monday following a tepid lead from Wall Street and on concerns about China's economy. The benchmark Hang Seng Inde...



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Miley Cyrus wins top prize at MTV Video Music Awards

Miley Cyrus won the award for Video of the Year for her hit single "Wrecking Ball,'' at Sunday's 2014 MTV Video Music Awards outside Los Angeles. ...



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Anwar rejects offers of exile abroad

Malaysian opposition leader Anwar Ibrahim has rejected offers of asylum abroad ahead of a final appeal in October on a sodomy conviction that could ...



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China divided over the common language

Free-wheeling and business-oriented, the southern Chinese city of Guangzhou is a long way from Beijing physically, culturally and linguistically -- ...



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(Football) Enrique gets winning debut with Barca

Luis Enrique got off to a winning start as Barcelona manager as they shrugged off Javier Mascherano's first-half red card to beat Elche 3-0 thanks t...



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Sinopharm sees first-half profit jump 27pc on government incentives

Sinopharm jumped to 17-month high in Hong Kong trading after it reported a 27 per cent increase in net profit for the first half of this year.

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China to thank for Aussie bubble

So imagine yourself around the dinner table with the family of a Chinese mining executive, who’s just back from a posting in Australia. Maybe the conversation would go something like this:

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Nikkei up by break

Tokyo stocks edged up Monday morning as investors welcomed the dollar's rise following Federal Reserve chief Janet Yellen's defence of current monetar...



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Police shut down independent film festival

Mainland authorities have shut down an independent film festival on its opening day. Organisers said an attempt to move the venue from a Beijing s...



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(Football) Sunderland leave United winless

Louis van Gaal was left waiting for his first Premier League win after Manchester United's unconvincing start to the season continued with a 1-1 draw ...



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Eight executed in Xinjiang for terrorism

Mainland state media say eight convicted terrorists were executed in the far western region of Xinjiang, where ethnic conflicts have left dozens of pe...



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Strong California quake shakes famed wine country

The strongest earthquake in 25 years struck the heart of California's wine country early Sunday, igniting gas-fed fires, damaging some of the region's...



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DR Congo confirms Ebola outbreak

The Democratic Republic of Congo has confirmed that an outbreak of haemorrhagic fever in the north of the country has been identified as Ebola. The ...



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Film great Richard Attenborough dies

Acclaimed actor and Oscar-winning director Richard Attenborough, whose career spanned 60 years, has died. He was 90 and had been in poor health for so...



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US journalist held in Syria freed after two years

An American held hostage in Syria by an al-Qaida-linked group has been released after two years, the US has confirmed, days after militants had behead...



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Nikkei opens higher

Japanese shares opened 0.40 percent higher Monday as investors welcomed the dollar's rebound over the weekend after Federal Reserve chief Janet Yelle...



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NPCSC meets to discuss HK reforms

A dozen local delegates are attending a week-long meeting of the National People's Congress Standing Committee, with political reforms in Hong Kong an...



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Hong Kong stocks open lower

Hong Kong stocks dipped 0.25 percent in the first few minutes of trade Monday following a negative lead from Wall Street. The benchmark Hang Seng Ind...



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Greentown profit down 67pc

Greentown China, a mainland luxury-home builder, on Monday reported a 67 per cent year-on-year slide in first-half net profit to 613 million yuan (HK$772 million), as high land costs and low selling prices compressed its profit margin.

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Shenzhen developer Hydoo fires chairman, appoints brother

Hydoo International has fired chairman Wong Choihing a month after it was confirmed that he was being investigated by the mainland authorities.

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Pressure builds within US Federal Reserve to signal new policy course

Pressure is building within the Federal Reserve for officials to move as early as next month to more clearly acknowledge improvements in the US economy.

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SFC suffers wider loss, but still a rich regulator

The Securities and Futures Commission may have seen its loss widen last quarter but it is still too rich as a regulator.

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How temporary is the new mainland mercantilism?

Accusations come almost daily. China is waging a mercantilist campaign against multinationals for supposed monopoly abuses and other legal infractions.

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HKBN aims to double enterprise solutions business in two years

Hong Kong Broadband Network (HKBN) is looking to enterprise solutions as a growth engine, aiming to gain corporate clients with new products and services based on its fast broadband network.

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Chart of the day: Shanghai aluminium shines

Shanghai aluminium has its strongest weekly close since October last year. Rolling third-month futures rose after three weeks of consolidation, with weekly volume above average and open interest rising.

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Deutsche Bank offers ICBC executive Zhang Hongli a settlement deal

Deutsche Bank has offered an out-of-court settlement to a top mainland banker who they sued for allegedly transferring millions of dollars.

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Chinese mutual funds caught up in shadow banking fallout

The mainland's shadow banking woes have spread to the mutual fund sector, fuelling fears that defaults and frauds could spread in waves despite Beijing's efforts to deleverage an economy facing the risk of a hard landing.

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NZ dollar's continued fall boosts expectations for rate rise

The New Zealand dollar has tumbled to six-month lows against the US dollar and may fall further, giving the Reserve Bank of New Zealand room to raise interest rates again before the end of the year.

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Clear Media in mainland China buying push for ad rights of failed firms

Outdoor advertising firm Clear Media is looking to aggressively acquire advertising locations as the rates for bus-shelter panels on the mainland drop and small advertising firms go out of business in the economic slowdown.

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Car-parts suppliers face clampdown over price fixing

When a Japanese carmaker issued a tender for shock absorbers a few years ago for a model it planned to sell in Indonesia, two suppliers came back with bids that were "so obviously co-ordinated".

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Honghua Group unfazed by losses in drilling services

Honghua Group expects to be able to turn around its loss-making oil and gas drilling services operation next year after a slump in the first half due to order delays amid a corruption probe at PetroChina.

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Banks learn about the difference in US and HK money-laundering rules

Standard Chartered is the latest global bank with extensive operations in Hong Kong to learn the hard way that financial regulators in the city and the US take a very different approach to the enforcement of anti-money laundering efforts.

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Unclear tax rules and quotas may hinder through train

Unclear tax rules, daily quotas and restrictive settlement arrangements could derail the upcoming through train stock scheme as international institutional investors hesitate to join the initiative.

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Time for ECB to man the quantitative easing pumps

The ECB has been long on promises and short on delivery for too long. Two years after president Mario Draghi pledged to do "whatever it takes" to save the euro, the euro zone is still sinking into an abyss of deflation and recession.

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The cost of regulation in asset management industry

A beleaguered asset manager told me his son showed an interest in becoming a fund manager. But the father advised him to get a law degree and work in an asset manager's compliance or legal department instead.

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Punting on Australian food bowl

Australia's northern region - a 3 million sq km expanse of floodplains, rainforest and grasslands - is perhaps best known as being the home of the mythical knife-wielding Hollywood character Crocodile Dundee.

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Zhang Hongli lawsuit 'will hurt Deutsche Bank's ICBC relationship'

The US$6.3 million lawsuit filed by Deutsche Bank against Industrial and Commercial Bank of China (ICBC) executive Zhang Hongli will hurt the German lender's long-term relationship with the mainland bank.

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State firms seek tech help to tap China shale gas

State-backed oil and gas firms are increasingly looking to tap the expertise of technology companies - mainly in the private sector - to enhance their technical capabilities, operating efficiency and profitability.

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AIA and China Gas lead insider deals

Insider buying was solid for a second week, filings to the stock exchange show. While the number of deals increased from the previous week, the value of the transactions came in unchanged at HK$141 million.

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Changing tides could shift focus from China to Africa

Shifting demographic tides could stymie the dawning of the much-heralded Chinese century and see development surge in Sub-Saharan Africa, two recent studies show.

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Hong Kong regulators to use existing rules to combat rogue sponsors

The Securities and Futures Commission will use criminal liability provisions against fraudulent sponsors of initial public offerings

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Dim sum bond issuance set to drop 50pc in second half

Dim sum bond issuance could plunge about 50 per cent in the second half of the year from the first half as the cost of borrowing yuan in offshore markets surges relative to the price of raising onshore debt.

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Sinopec plans US$1.5b listing for oilfield service unit

China Petrochemical Corp, the parent firm of listed oil and gas major China Petroleum & Chemical Corp (Sinopec), is planning a US$1.5 billion Hong Kong initial public offering for its oilfield service unit next year

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