Gerrard: Up to Liverpool to offer new contract

Liverpool captain Steven Gerrard says he could be forced to play for a different team next season if the club doesn't offer him a new contract when hi...



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Juncker's EU Commission takes office

The new European Commission formally takes office Saturday under Jean-Claude Juncker, whose skills at getting things done in the labyrinthine corrid...



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Eurozone inflation up, unemployment steady

Eurozone inflation has come off multi-year lows while the jobless figures are little changed, official data showed on Friday, providing only limited...



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German retail sales post biggest drop for 7 years

German shoppers cut back their spending sharply in September, official data showed on Friday, adding to concern over whether consumers will help bol...



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Japan's vast public pension fund says to double stock investment

Japan's public pension fund -- the world's biggest -- said Friday it will double the amount of equities in its investment portfolio, as it seeks hig...



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Hang Seng finishes higher

Hong Kong stocks climbed 1.25 percent Friday, in line with a regional rally, after US data showed the economy growing faster than expected and Japan...



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IAG airlines group logs improving Q3 profits

British Airways owner International Airlines Group on Friday logged rising third-quarter profits, lifted by growing revenues and falling fuel costs,...



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See eyes fresh growth after deal with artist Nicholas Tse

Entertainment and media company See Corp saw its share price open up 76 per cent to hit HK$0.87, the highest it has reached in about 11/2 years, following a deal that made popular actor, musician and entrepreneur Nicholas Tse Ting-fung the firm’s single biggest shareholde

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European stocks rally at open

European stocks rallied at the start of trading on Friday, as investors welcomed the Bank of Japan's surprise stimulus boost, dealers said. In init...



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Wine festival draws 22,000 visitors

A four-day wine and dine festival organised by the Tourism Board has attracted more than 22,000 visitors on its opening day. The event, which took pl...



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Panasonic says half-year profit dives

Panasonic on Friday said its net profit plunged 52.2 percent to 80.9 billion yen for the six months to September, but it lifted its full-year foreca...



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Nikkei soars to seven-year high

Tokyo shares soared 4.83 percent to a seven-year high on Friday after the Bank of Japan ramped up its vast monetary easing programme, sending the ye...



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Japan Airlines H1 net profit slips

Japan Airlines (JAL) said Friday its net profit for the April-September period slipped 2.0 percent to US$724 million as a weak yen pushed up fuel co...



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Sony says half-year loss balloons six-fold

Sony said Thursday its net loss for the April-September period ballooned to nearly US$1.0 billion, as the embattled electronics firm continues to st...



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RBS sets aside 400m pounds for forex probes

Britain's state-owned Royal Bank of Scotland has set aside 400 million pounds to settle allegations of price-rigging in foreign exchange markets, it...



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BoJ chief says at 'critical moment' for exiting deflation

Bank of Japan Governor Haruhiko Kuroda said Friday Japan was at a "critical moment'' in its bid to conquer years of falling prices, after policymak...



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Lawmakers reject motions for Occupy probe

Lawmakers have -- as expected -- voted down two competing motions to invoke the legislature's special powers to investigate different aspects of the o...



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Teenager linked to bomb scare appears in court

The teenager suspected of bringing a powerful homemade bomb to the Aberdeen police station on Wednesday night has appeared in the Eastern Court. Pros...



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Bid to smuggle liquid cocaine thwarted

Customs officers at the airport have foiled an attempt to smuggle nearly HK$21 million worth of liquid cocaine into Hong Kong. The drugs were found c...



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BOJ expands monetary easing plan as economy slows

The Bank of Japan ramped up its vast monetary easing program Friday -- sending the yen plunging and stocks soaring -- in a surprise move aimed at re...



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HSBC executive's comments trigger online outrage

Thousands have signed an online petition denouncing reported comments by an HSBC Holdings board member in which she likened Hong Kong protesters' dema...



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Tse Sui Luen Jewellery profit plunges 45.7pc after fall in gold sales

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ENN Energy shares rebound after finance chief seeks to ease concerns

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France’s Danone buys 25pc stake in China milk firm Yashili for HK$4.4b

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Police warn people to avoid radical protestors

The police have warned people to stay away from radical protesters and troublemakers who encourage others to don masks and engage in violent protests....



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Activists setting up police complaints mechanism

Pro-democracy activists are setting up their own version of the Complaints Against Police Office to receive information from Occupy protesters over al...



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Waxwork Chinese leaders get democratic makeover in Hong Kong

Waxworks of Chinese Communist Party luminaries including Chairman Mao and President Xi Jinping have become unlikely poster-boys for Hong Kong's demo...



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NVC Lighting founder probed by mainland authorities

Wu Changjiang, the founder of Hong Kong-listed NVC Lighting Holding, is being investigated for embezzlement by the police of Huizhou city in Guangdong.

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Toshiba half-year net profit surges

Toshiba said Thursday its half-year net profit soared about 43 percent from a year ago, largely owing to a weak yen and strong sales in its infrastr...



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German jobless total falls in October

Unemployment in Germany fell in October, as the seasonal pick-up on the labor market usually seen in September was delayed owing to late summer holi...



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VW confirms full-year targets after 'robust' Q3

Volkswagen, Europe's biggest car maker, said on Thursday it is sticking to its full-year profit targets following a strong rise in profits in the th...



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Spanish economy expands by 0.5% in Q3

Spain's economy grew by 0.5 percent in the third quarter from output in the previous three months, initial data showed on Thursday in a further sign...



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European stocks advance at open

European stock markets rose at the start of trading on Thursday, with London's benchmark FTSE 100 index up 0.40 percent to 6,479.84 points. Frankfu...



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Senior civil servants in line for pay rise

More than 3,000 senior civil servants may be subject to an additional three percent pay rise after the Standing Commission on Civil Service Salaries a...



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Concern over proposed discrimination amendments

Two lawmakers from the group, Hong Kong First, have expressed concern that a proposed amendment to anti-discrimination laws would deepen social divisi...



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Xiaomi continues self defence after Apple slam

A trans-Pacific war of words that began with critical remarks made by Apple's (Nasdaq: AAPL) chief designer two weeks ago is continuing, with the foreign face of Chinese smartphone sensation Xiaomi giving fresh remarks on the copycat controversy in his company's defense.

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Hang Seng finishes lower

Hong Kong stocks slipped 0.49 percent Thursday after racking up almost three percent over the past two days, while Wall Street provided a negative l...



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Taiwan man mutilates girlfriend's face in jealous rage

Taiwan police arrested a 79-year-old man after he sliced off his girlfriend's nose, ears and lips and flushed them down the toilet, suspecting that ...



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Liaoning court official dead in suspected suicide

A former senior court official in northeast China's Liaoning Province died in a suspected suicide during a business trip on Wednesday, an initial poli...



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Lufthansa cuts 2015 forecast on global economic slowdown

Lufthansa, Europe's biggest airline, on Thursday cut its profit forecast for 2015 in face of the global economic slowdown. "When we look ahead, we...



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Bayer raises forecasts for 2014 after strong Q3

German chemicals and pharmaceuticals giant Bayer, maker of Aspirin, said Thursday that it is raising its full-year profit targets after a strong thi...



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NEC rebounds from losses on smartphone exit

Japan IT firm NEC said Thursday it had swung back to profitability in the six months to September, after it exited from the smartphone market as par...



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Acting FS warns of potential volatility

Acting financial secretary Caejar Chan Ka-keung has warned of potential market volatility caused by speculation over when the US Federal Reserve will ...



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All Nippon Airways says first-half net profit up

Japan's All Nippon Airways (ANA) said Thursday its net profit for the six months to September soared about 78 percent to $328 million, citing a Toky...



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Nikkei ends higher

Tokyo stocks rose 0.67 percent on Thursday after the dollar hit a three-week high against the yen in response to the US Federal Reserve's decision t...



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CFA refuses to hear flag-burning activists' appeal

The Court of Final Appeal has refused to hear two activists' appeal against convictions for trying to burn the Hong Kong flag. Koo Sze-yiu and Ma Wan...



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Wages expected to rise 4.5pc next year

Private companies are expected to offer employees an average wage increase of 4.5 percent in 2015, which compares favorably to an average hike of 4.3 ...



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(NHL) Red Wings rally to beat Capitals 4-2 win

Justin Abdelkader scored twice in the third period to help the Detroit Red Wings come back for a 4-2 victory over the Washington Capitals on Wednesday...



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(NBA) Hornets jump past Bucks in extra period

Kemba Walker made a 21-footer from the top of the key with 5 seconds left in overtime to lift Charlotte past Milwaukee 108-106, providing a winning co...



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(NBA) Trail Blazers defeat Durant-less Thunder

LaMarcus Aldridge had 27 points as Portland rallied in the fourth quarter to beat the injury-depleted Oklahoma City 106-89. The Thunder only suited u...



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(NBA) Warriors give Kerr first win as coach

Stephen Curry had 24 points and 10 rebounds, and Klay Thompson scored 19 points as an undermanned Golden State made Steve Kerr a winner in his coachin...



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(NBA) Lakers lose season opener despite Bryant's 31 pts

Isaiah Thomas scored 23 points in his Phoenix debut and Marcus Morris matched his career high with five 3-pointers as the Suns beat Los Angeles 119-99...



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(NBA) Rondo lifts Boston over Brooklyn

Rajon Rondo returned from a broken hand and had 13 points, 12 assists and seven rebounds in the season opener to help Boston beat Brooklyn 121-105. K...



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(NBA) Heat opens post-James era with victory over Wizards

Chris Bosh had 26 points and 15 rebounds and Norris Cole scored a career-high 23 points after winning Miami's starting point-guard job as the Heat bea...



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(NBA) Gasol scores double-double in Chicago debut

Pau Gasol had 21 points and 11 rebounds in his Chicago debut and Derrick Rose scored 13 points after missing most of the last two seasons, helping the...



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Samsung Electronics’ profit falls to 3-year low on smartphone slump

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China buries war dead returned by South Korea

China held a grand funeral for more than 400 Chinese soldiers killed fighting in the Korean War more than six decades ago, state media reported, as ...



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(Swimming) Singapore star warned over night out

Singapore's rising swim star Joseph Schooling has been given a warning after a late night out during the Asian Games in South Korea. The 19-year-ol...



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Billionaires' US$10m gift to Yale stirs debate in China

A Chinese billionaire couple's US$10 million gift to Yale University sparked controversy among the country's Internet users Thursday, with some argu...



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Higher bad-loan rates tipped for Bank of China and Agricultural Bank

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Haitong International Securities buys pan-Asian broker in overseas push

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Hang Seng dips at midday

Hong Kong slipped 0.46 percent in the morning session Thursday following losses on Wall Street and after rallying almost three percent in the previo...



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LegCo debates motions looking at Occupy, police

The Legislative Council is debating two motions moved under its 'Powers and Privileges' ordinance, to investigate the pro-democracy Occupy movement. ...



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Africans in New York complain of Ebola stigma

Members of the west African community in New York complained Wednesday that their children were being bullied at school and businesses were losing m...



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Funeral museum rises again in death-fixated Vienna

Just in time for Halloween on Friday and a weekend devoted to the dead, Vienna's unashamedly morbid Funeral Museum is now closer to the action: the ...



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Toronto snubs mainland Confucius group

Canada's largest school district is set to end a planned partnership with China's government-funded Confucius Institute, a move likely to irritate Bei...



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US theaters advised to ban 'smart' watches and glasses

A pair of influential US film industry organizations on Wednesday put out word that movie theaters should ban smart watches or eyewear that could be...



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One dead as fighter plane crashes in California

A fighter jet crashed Wednesday near a US naval base in California's Ventura County, leaving one person dead, rescue workers said. Federal and loca...



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Tien's dismissal from CPPCC 'chilling': academic

A political scientist says the dismissal of James Tien Pei-chun from China's top advisory body creates a "chilling" effect on local tycoons to speak t...



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Nikkei up by break

Tokyo stocks gained 0.53 percent on Thursday morning after the dollar hit a three-week high against the yen, boosting some exporters. The Nikkei 22...



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Wall Street down as Fed ends stimulus program

Wall Street stocks finished lower Wednesday after the US Federal Reserve ended its quantitative easing stimulus program, but said it would continue ...



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Sanofi sacks CEO over management row, shares plunge

French drugmaker Sanofi, one of the country's largest companies, fired its chief executive on Wednesday after a row over his management style, sendi...



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Wuxi Sunlit Science and Technology plans Hong Kong listing

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Baidu boosts net profit 27pc after mobile search milestone achieved

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Outlook improving for white-collar jobs in Asia, recruitment agency says

The number of online job adverts for white collar roles rose 20 per cent in the third quarter, according to the latest recruitment agency report to hint at a rosy outlook for Asia's job market, even in Hong Kong.

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Singapore's top court upholds anti-gay law

Singapore's highest court on Wednesday dismissed a constitutional challenge against an archaic law criminalizing sex between men, striking a fresh b...



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Drugs seized at Lok Ma Chau Control Point

Customs today seized about two kilogrammes of suspected ketamine at Lok Ma Chau Control Point with a market value of about HK$238,000. A woman was arr...



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Nestle Japan hiring 1,000 robots to sell espresso machines

Food giant Nestle said Wednesday that its Japan unit would hire 1,000 robots as sales clerks at stores across the country. The first batch of the ro...



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Italian sex abuse priest hangs himself in sacristy

An Italian priest who admitted to sexually abusing a young teenage girl hanged himself in the sacristy -- the cleric's changing room in his church -...



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BBVA says quarterly profits triple

Spain's second-biggest bank by market value BBVA said on Wednesday its profits tripled in the third quarter despite falling over the first nine mont...



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Turkey seeks to rescue 18 miners trapped by flood

Turkish emergency workers were Wednesday trying to reach 18 miners who were trapped when their shaft was engulfed by water, amid growing fears that ...



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Boss of Shanghai power firm under graft probe

The boss of Shanghai Municipal Electric Power Company is under a graft probe, said a municipal discipline watchdog on Wednesday. Feng Jun, general ma...



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ECB says banks show signs of relaxing loan conditions

Europe's battered financial sector is showing further signs of healing and conditions for bank loans are easing while demand for loans is picking up...



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Former bank chief on trial for corruption

Tao Liming, former president of the Postal Savings Bank of China, stood trial on corruption charges on Wednesday in central China's Henan Province. ...



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Legco president says no oreign forces behind protests

A senior pro-China lawmaker Wednesday disputed allegations foreign forces are behind Hong Kong's pro-democracy protest, contradicting claims by the ...



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Travel ban not necessary to deal with Ebola

The Secretary for Food and Health, Ko Wing-man, said on Wednesday that the government was not considering any kind of travel ban to help prevent Ebola...



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James Tien to step down as leader of Liberal Party

Lawmaker James Tien Pei-chun said on Wednesday that he will tender his resignation as the leader of the Liberal Party. This came after the mainland...



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Carrie Lam defends CY over Australian deal

Chief Secretary Carrie Lam Cheng Yuet-ngor on Wednesday defended the Chief Executive Leung Chun-ying over an undisclosed deal he made with an Australi...



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Lawmakers filibuster government funding request

The Legislative Council is debating whether money should be made available for the creation of an Innovation and Technology Bureau. People Power legi...



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Liberal Party leader expelled from CPPCC

The China News Service reported on Wednesday that the mainland's top advisory body -- the Chinese People's Political Consultative Conference (CPPCC) -...



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Hang Seng finishes higher

Hong Kong stocks closed up 1.27 percent Wednesday in line with upbeat Asian markets, as investors awaited news from the US Federal Reserve about int...



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Nintendo logs US$132 million first-half net profit

Japanese videogame giant Nintendo said Wednesday its first-half net profit soared to US$132 million as a sharply weaker yen boosted its bottom line ...



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Nikkie soars on weaker yen

Tokyo stocks closed 1.46 percent higher on Wednesday following strong gains on Wall Street and as the weaker yen lifted exporter shares. The Nikkei...



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World Bank says Occupy protests fail to impact HK’s business climate

The World Bank says the month-long Occupy Central movement has not impacted Hong Kong’s overall business climate and rates the city as the world’s third easiest place to do business in an annual report.

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Maanshan Iron share price jumps after sterling third-quarter profit

Maanshan Iron and Steel’s share price surged after it posted a better than expected third-quarter profit and said it expected a fourth quarter profit sizeable enough to more than offset the total loss in the first three quarters of the year, helped by lower raw material p

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Trading in Hunan Nonferrous halted over possible privatisation plan

Trading of Hunan Nonferrous Metals, the mainland’s largest producer of non-ferrous metals excluding aluminium, has been halted pending an announcement about a possible privatisation plan.

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Standard Chartered hit by flurry of downgrades after profit sinks

Major securities houses downgraded their outlook on Standard Chartered’s share price by up to 24 per cent this year after the bank traded at a 52-week low on disappointing third-quarter results.

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Tung and Hong Kong government’s ‘gloom and doom’ propaganda hokum

We are living in a very strange world when government officials and their backers make it their business to talk down the economy and spread despondency while government opponents studiously abstain from the gloom fest.

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China to merge two top state-owned train makers: Xinhua

China will soon merge its two biggest train makers to create a multi-billion-dollar firm as it seeks export markets for its high-speed railway techn...



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Shunfeng to place HK$2.8b in convertible bonds to expand solar business

Shunfeng Photovoltaic International plans to place up to HK$2.8 billion of convertible bonds to finance the expansion of its solar power business, the Hong Kong-listed firm announced on Wednesday.

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Climate change takes on more urgent tone

Last week, the European Union announced new climate change mitigation and energy policies. The package would reduce carbon emissions by at least 40 per cent from 1990 levels by 2030 – a clear advance on previous promises.

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Texas executes 10th death row inmate this year

A man convicted of three murders was put to death in Texas Tuesday, in the state's tenth execution this year, after the US Supreme Court rejected a ...



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HKEX boss vows Shanghai stock link-up will proceed

A delayed watershed scheme to allow cross-trading between Hong Kong and Shanghai's stock markets will go ahead, the president of the Hong Kong bours...



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World Bank urges Beijing to phase out hard economic targets

Chinese leaders should phase out hard economic targets in a bid to focus more on tackling the key challenges in structural reforms over the next few years, the World Bank said while releasing its China Economic Update on Wednesday.

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(Football) Balotelli scores as Liverpool knock Swansea out of League Cup

Mario Balotelli scored just his second goal for Liverpool in 12 appearances as they came from behind to beat Premier League rivals Swansea 2-1 and a...



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(NHL) Tampa Bay defeat Phoenix in high scoring game

Nikita Kucherov had his first career NHL hat trick and Tyler Johnson had four assists as the Lightning beat the Coyotes 7-3. Kucherov got his third...



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(NHL) Ladd brings Jets to beat Islanders

Andrew Ladd scored his second goal of the night 3:31 into the third period as the Jets rallied to beat the Islanders 4-3 in a back-and-forth encounter...



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(NHL) Maple Leafs shut out Sabres

The Maple Leafs set a franchise record for fewest shots allowed in a game, and scored three times in the third period of a 4-0 victory over the Sabres...



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(NHL) Wild come back to beat Bruins

Marco Scandella scored with 5:53 remaining as the Wild rallied for three goals in the third period to beat the Bruins 4-3. One night after allowing...



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(NHL) Flyers end Kings win streak

Brayden Schenn scored 2:36 into overtime, helping the Flyers end the Kings' six-game win streak with a 3-2 victory. Schenn beat Jonathan Quick on a...



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(NHL) MacArthus leads Ottawa past Columbus

Clarke MacArthur had two goals and an assist as the Senators beat Columbus 5-2 in the Blue Jackets' first game since star goaltender Sergei Bobrovsky ...



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(NHL) Penguins top Devils in scoring frenzy

Evgeni Malkin and Sidney Crosby scored two of four second-period goals and the Pittsburgh Penguins netted seven straight in an 8-3 rout of the New Jer...



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(NBA) New Orleans beat Orlando in season opener

Anthony Davis had 26 points, 17 rebounds and nine blocks, leading New Orleans to the season-opening win over Orlando 101-84. Ryan Anderson, coming ...



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(NBA) Parker's late 3-pointer lifts Spurs over Mavericks

Tony Parker had 23 points, including a big 3-pointer late in the game, as the San Antonio Spurs opened their title defense with a thrilling 101-100 vi...



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White House says it has addressed computer threat

The White House says it has taken steps to address suspicious activity detected on its unclassified computer network. No details were released on w...



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Hang Seng jumps by lunch

Hong Kong stocks climbed 1.36 percent Wednesday morning in line with upbeat Asian markets, as investors waited for clues from the Federal Reserve on...



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Hello Kitty at 40

As a Japanese schoolgirl in the 1970s, Kazumi Kaminaga had never seen something as cute as Hello Kitty when she first laid eyes on the moon-faced, m...



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Ping An logs higher profits

Ping An Insurance (Group) Company, China's second-largest insurer, reported a net profit of 38.67 billion yuan in the first nine months of this year, ...



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SFC hopes through train wait, with rules settled, won’t be too long

Securities and Futures Commission chief executive Ashley Alder has expressed hope that the launch of the stock scheme linking the Hong Kong and Shanghai markets will not be too far away, while confirming that the SFC has completed its preparations.

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Tien likely to lose CPPCC membership

A local deputy to the National People's Congress says he wouldn't be surprised if Liberal Party leader, James Tien Pei-chun, is stripped of his member...



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Nikkei jumps by break

Tokyo stocks climbed 1.38 percent on Wednesday morning following strong gains on Wall Street and as the weaker yen lifted exporter shares. The Nikk...



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Japan factory output posts surprise jump

Japan's September factory production posted its biggest rise in eight months, official data showed Wednesday, but the news failed to dispel doubts a...



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Umbrella-shaped ultramarathon to support Hong Kong protests

Two Hong Kong expats set off Wednesday on an ultramarathon course in the shape of a giant umbrella to support ongoing pro-democracy protests in the ...



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Protesters ready for the long haul: survey

An informal survey suggests nearly nine out of 10 Hong Kong protesters say they are prepared to stay on the streets for more than a year to push for f...



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Casino operator Wynn Macau’s revenue slumps 5.6pc in third quarter

Net revenue at casino operator Wynn Macau dropped 5.6 per cent to US$942.26 million in the third quarter, dragging down revenue at its US-listed parent Wynn Resorts and reflecting a build-up of pressures on Macau casinos.

via South China Morning Post - Business feed http://www.scmp.com/article/1627316/casino-operator-wynn-macaus-revenue-slumps-56pc-third-quarter

Chinese oil trader buys record number of Mideast crude cargoes

China National United Oil, a unit of the country's biggest energy company, bought a record number of Middle East crude cargoes through a trading platform used to determine benchmark prices for Asia.

via South China Morning Post - Business feed http://www.scmp.com/business/commodities/article/1627138/chinese-oil-trader-buys-record-number-mideast-crude-cargoes

CNR, CSR merger likely to rattle global competition

Foreign rolling stock makers like Alstom and Siemens have good reason to feel nervous over the anticipated merger of China's two leading train makers, China CNR Corporation and CSR Corporation, analysts say.

via South China Morning Post - Business feed http://www.scmp.com/business/china-business/article/1627139/cnr-csr-merger-likely-rattle-global-competition

SoftBank taps India with stake in Snapdeal

SoftBank Corp has agreed to buy a US$627 million stake in Indian online retailer Snapdeal, seeking to tap into potentially huge e-commerce growth in the market with the world's third-biggest internet user base.

via South China Morning Post - Business feed http://www.scmp.com/business/companies/article/1627039/softbank-taps-india-stake-snapdeal

China fake invoice evidence mounts as Hong Kong trade gap widens

The gap between China's reported exports to Hong Kong and the city's imports from the mainland widened in September to the most this year, suggesting fake export-invoicing is again skewing China's trade data.

via South China Morning Post - Business feed http://www.scmp.com/business/china-business/article/1627019/china-fake-invoice-evidence-mounts-hong-kong-trade-gap

Guessing game over bourse link fuels wagers on Hong Kong stocks

Option wagers on Hong Kong stocks hit the highest level this year as regulators' silence over the timing of an exchange link with Shanghai prompted traders to prepare for rising volatility.

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Beijing pushes for merger of mainland train makers China CNR and CSR

The central government is pushing for the merger of China CNR Corp and CSR Corp, the mainland's two biggest train makers, to form a giant capable of boosting high-speed train exports, according to mainland media.

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Private sector rushes in where government fears to tread

We're pleased to see that EzeeCube, a start-up company we wrote about in June, appears to have achieved lift-off. It recently completed one of Asia's most successful crowd funding campaigns this year.

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Cofco sees 3-year consolidation job ahead after acquisitions

China's state-owned food conglomerate Cofco aims to form an international food supply chain after its US$3 billion acquisition of two food traders.

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Belle same store sales hurt by growth in China e-commerce

Footwear retailer Belle International expects same store sales to shrink this year as traffic at mainland department stores, a major sales channel, slows as a result of e-commerce.

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Chart of the day: Stressful times for DAX

The results of stress tests and the asset quality review of Europe's 130 biggest banks showed who needed to clean up their act - and how much bigger the bad debt really is, at €879 billion (HK$8.65 trillion).

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Mobile business lifts Baidu's revenue

Beijing-based Baidu is expected to post solid 53 per cent year-on-year growth in third-quarter revenue to US$2.19 billion when it reports its earnings after the US market closes today, according to a Barclays report.

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Chinese developers' bond returns boosted by property easing measures

Developers are leading returns in the mainland's bond market for this half and are planning more offerings as Premier Li Keqiang opens financing channels and eases property restrictions to shore up the slumping industry.

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Ethiopia jails journalist for three years

Ethiopia has sentenced a journalist to three years in prison, the government spokesman said Tuesday, the latest in a string of jailings of reporters...



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Hollande to make historic Australia visit in November

Francois Hollande will become the first French president to visit Australia next month, his office announced Tuesday, as he makes a two-day trip to ...



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Rally being held to mark disobedience campaign

A rally is being held to mark the one-month anniversary of the civil disobedience campaign. Participants have been asked to bring umbrellas to the ev...



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Spain moves to halt Catalonia secession vote

Spain's government plans to ask the country's Constitutional Court to block the wealthy northeastern region of Catalonia's plan to hold an informal, n...



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Sweden sets record low zero interest rate to boost inflation

The Swedish central bank set a zero base interest rate on Tuesday, deciding to cut its key rate by a quarter of a percentage point in a drive to pus...



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Divers find body six months after Korea ferry disaster

South Korean divers discovered another body inside the sunken Sewol ferry on Tuesday -- six months after it capsized and more than 100 days after th...



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5,000 Ebola health workers needed in WAfrica

The president of the World Bank says that Ebola-effected countries in West Africa need at least 5,000 more health workers to effectively fight the epi...



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Thai prosecutors indict 2 in anti-monarchy case

Prosecutors in Thailand have charged two people with defaming the country's monarchy in a stage performance at a university last year, moving on a com...



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ECB sees no signs of deflation, recession in eurozone

The European Central Bank sees no signs of deflation or recession in the single currency area, but will remain vigilant, its chief economist said in...



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Kim Jong-Un had ankle surgery: SKorea spy agency

South Korea's spy agency believes North Korean leader Kim Jong-Un, who recently dropped out of public view for nearly six weeks, had surgery to remo...



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Standard Chartered pre-tax Q3 profit drops

Standard Chartered reported Tuesday a sharp fall in pre-tax profits in the third quarter and issued a profit warning, while saying it would "remain ...



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Chinese VP meets with Japanese governor delegation

China's vice president met Tuesday with a delegation of governors from Japan amid strained bilateral ties, a rare high-level meeting that points to Ja...



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6 Germany players in Ballon d'Or 23-man list

Six members of the Germany squad that won the World Cup are included among the nominees for the FIFA Ballon d'Or award, joining Lionel Messi, Cristian...



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Cost of high-speed rail link may rise further

An expert report commissioned by the MTR Corporation states that further cost overruns were likely for the construction of the high-speed rail link be...



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Police releases students' deputy leader

The Deputy Secretary-General of the Federation of Students, Lester Shum, was released unconditionally by the police after refusing to have his bail ex...



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European stocks open higher

European stock markets opened with solid gains on Tuesday, as London's benchmark FTSE 100 index grew 0.65 percent to 6,404.52 points. Frankfurt's D...



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Hang Seng bounces back

Hong Kong stocks rallied 1.63 percent Tuesday after a three-day losing streak as dealers followed a surge in Chinese equities ahead of the corporate...



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Sensors for monitoring health of trees

Researchers at the Chinese University of Hong Kong said on Tuesday that they have developed a round-the-clock system to monitor whether trees were dam...



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Occupy protests like 'uncontrollable cancer'

More than 500 doctors have strongly criticized the Occupy Central civil disobedience movement, likening it to uncontrollable cancer cells which they s...



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CY 'regrets' no contributions remark

Chief Executive Leung Chun-ying has expressed regret over his comment that some sectors of the nominating committee for chief executive elections do n...



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Occupy Central organizers go back to work

Two organizers of the Occupy Central civil disobedience movement, Benny Tai Yiu-ting and Chan Kin-man, have decided to resume their university teachin...



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THK condems fabricated photo of its reporter

RTHK on Tuesday condemned the fabrication of photographs circulated on the Internet that suggested one of the station's reporters, Wong Wing-yin, had ...



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Political unrest has reached deadlock: think tank

A prominent think tank said on Tuesday that the month-long political unrest in Hong Kong has reached a "deadlock". The Director and Chief Executive O...



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Activists mark one month of 'Umbrella Movement'

Hong Kong democracy activists on Tuesday marked one month of mass protests, calling on supporters to gather for an evening rally wearing the masks t...



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Hong Kong political impasse could compromise city’s future

My disappointment with the August 31 decision of the Standing Committee of the National People’s Congress stems from my fear that Hong Kong might have lost the chance of electing a chief executive through universal suffrage in 2017.

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Reporters should be better prepared

Media organizations and journalism schools have been urged to better prepare reporters to deal with conflict situations following violent attacks on j...



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Govt slammed over tackling poverty

The government has been criticized over its efforts to tackle poverty. Grassroots groups attending a meeting of the Legislative Council's Subcommitte...



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Lloyds Banking Group says to cut 9,000 jobs

Britain's state-rescued Lloyds Banking Group announced on Tuesday that it plans to cut 9,000 jobs by the end of 2017 to slash costs. "In order to m...



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Honda says half-year net profit up 19%, but cuts annual outlook

Honda on Tuesday said its six-month net profit jumped almost 19 percent, but the Japanese automaker cut its earnings outlook for the full fiscal yea...



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Jack Ma tops China rich list: Forbes

Jack Ma, founder of e-commerce giant Alibaba, is China's richest person with a fortune of nearly US$20 billion, as billionaires increase despite a s...



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Nikkei down at close

Tokyo stocks fell 0.38 percent on Tuesday ahead of the US Federal Reserve's next policy meeting, while camera and copier giant Canon sank following ...



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Hong Kong’s exports to expand 6pc in fourth quarter

The Hong Kong Trade Development Council expects the city’s exports to grow 6 per cent year on year in the fourth quarter of this year.

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China Telecom in catch-up mode on 4G services

China Telecom Corp, the country’s No 3 wireless network operator, saw a decrease of 4 million subscribers in the nine months to September as its rivals stepped up deployment and marketing of advanced 4G mobile services.

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Standard Chartered operating profit sinks 16.4pc as markets, regulations weigh

Standard Chartered’s operating profit fell 16.4 per cent in the third quarter of the year to US$1.53 billion from US$1.83 billion during the same period last year, the British-based bank said in a statement on Tuesday.

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Earnings growth in Chinese industrial sector slows further

Profits from China’s industrial sector eked out a slim gain last month after a decline in August in official figures that highlight a sharp drop from the double-digit growth rate that closed out the first half of this year.

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Austar Lifesciences seeks HK$390m in Hong Kong flotation

Austar Lifesciences plans to raise up to HK$390 million in an initial public offering in Hong Kong.

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Shandong Chenming Paper and Hong Kong unit in fundraising plans

Shandong Chenming Paper Holdings and its wholly owned Hong Kong subsidiary, Chenming (HK), plan to issue up to 13.8 billion yuan (HK$17.4 billion) of commercial paper and a US$500 million bond respectively, Chenming Paper said on Tuesday morning.

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Foreign wind power firms struggle to succeed in China

Overseas wind turbine makers have seen their market share on the mainland shrink and two Sino-foreign joint ventures have either ended in divorce or struggled to flourish in the world's largest wind power market.

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Korea risks economic own goal as stimulus fuels debt binge

South Korean households are piling on debt at the fastest rate in eight years, thanks to big-bang stimulus launched by the new finance minister.

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Yuan milestone as onshore direct trade with Singapore dollar starts

The yuan will start onshore direct trading with the Singapore dollar today, a milestone in Beijing's ambition to globalise its currency and offering cost savings that should make the yuan more popular in Southeast Asia.

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China aviation regulators revising luggage rules

Mainland aviation authorities plan to scrap luggage allowances as another step towards boosting the country's burgeoning low-cost carriers.

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Hong Kong hot spot for lawyers

When Cathy Palmer first came to Hong Kong as a US prosecutor more than 20 years ago, she was chasing heroin-smuggling triads who later sent a booby-trapped package to her Brooklyn office.

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Shares suspended in train makers China CNR and CSR amid merger talk

Shares in the mainland's two biggest train makers China CNR and CSR as well as their listed subsidiaries were suspended from trading yesterday in both Hong Kong and on the mainland.

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Hedge funds pick wrong in oil bet

Hedge funds rushed back into oil too quickly, boosting bullish bets amid a rebound last week, only to then watch surging US crude supplies push prices back to a two-year low.

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New Asia bank part of China's agenda

Let's get it clear right away that this is not about helping poorer Asian countries build waterworks, power stations and roads. This is about Beijing pushing to have itself recognised as No 1 in Asia.

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Sales down at fashion retailer I.T amid street protests

Fashion retailer I.T's sales during the National Day golden week holiday dropped an average of 30 per cent, while some stores saw falls of 80 per cent, impacted by a month of street protests.

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6 dead, 5 injured in China's road accident

Six people were killed and another five injured on Monday after a three vehicle collision in northeast China's Heilongjiang Province, traffic police s...



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Students urged to go home

The Vice-Chancellor of the Chinese University of Hong Kong, Joseph Sung Jao-yiu, on Monday urged students taking part in the ongoing civil disobedienc...



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MBA teams gear up for charity challenge

This year’s MBA Challenge to raise funds for the annual Operation Santa Claus (OSC) charity campaign is off to a flying start.

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Some barricades removed outside Citic Tower

A group of protesters on Monday removed some of the barricades outside the Citic Tower in Admiralty to restore vehicle access to the building for the ...



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Movement has turned into 'hatred and violence'

The Secretary for Security, Lai Tung-kwok, said on Monday that the ongoing civil disobedience movement by pro-democracy protesters has turned into a c...



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Nurturing Hong Kong’s local and international entrepreneurs

Hong Kong's entrepreneurship incubation programmes are nurturing a new generation of businesses, both from here and abroad. The city has the potential to become a popular entrepreneurship hub in Asia, according to regional experts.

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China, Singapore to start direct currency trading

China will begin trading its yuan currency directly with the Singapore dollar on Tuesday, the national foreign exchange market operator said, in the...



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Eurozone loans to private sector still contracting: ECB

Loans to the private sector in the euro area, a gauge of economic health, fell year-on-year in September, but by slightly less than in August, the E...



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Private clubs banned in historical buildings, parks

China's central authority issued a decree prohibiting private clubs in historical buildings, parks and other public facilities on Monday in the latest...



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German business confidence index Ifo falls in October

Germany's Ifo business confidence indicator fell in October, data showed on Tuesday, as the outlook for Europe's biggest economy continues to cloud ...



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China considering to scrap death penalty for 9 crimes

Chinese lawmakers are considering removing the death penalty as punishment for nine crimes, including smuggling weapons and nuclear materials. The dr...



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European stocks rise at open, after bank stress tests

European stock markets rose solidly at the start of trading on Monday as investors reacted to weekend eurozone bank 'stress' tests which cleared all...



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PETA praises Taiwan for raid on pigeon race gambling club

Animal rights group PETA on Monday praised Taiwanese police for raiding a club which organised gambling on pigeon races, claiming that such races ki...



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Weibo: Zuckerberg charms China at Tsinghua, Xiaomi events

Chinese tech executives have been buzzing for much of the past week over Facebook (Nasdaq: FB) founder Mark Zuckerberg, who was working hard to charm many of China's high-tech elite on a semi-official visit to Beijing.

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China mulls counterespionage law

China's top legislature started reading a draft Counterespionage Law on Monday aimed at more comprehensive state security. Formerly known as the Nati...



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Canon raises profit forecast on weak yen

Japan's Canon on Monday boosted its full-year profit forecast, saying that a weak yen was offsetting tepid demand for its digital cameras and printe...



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Zuma 'outraged' at SAfrica football captain's death

South African President Jacob Zuma on Monday said he was saddened, shocked and outraged at the shooting death of the national football team's talism...



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Nikkei finishes higher

Tokyo stocks rose 0.63 percent on Monday following advances on Wall Street last week, but market gains were limited by investor caution ahead of a U...



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Prosecutors seek death penalty for Korea ferry disaster captain

South Korean prosecutors on Monday demanded the death penalty for the captain of the Sewol ferry that sank in April, saying he had abandoned the mor...



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China’s overseas investment schemes set to boost yuan

Mainland China is studying pilot schemes that will allow domestic investors to make overseas investments using the yuan, a move that could pump fresh oxygen into the stagnant offshore yuan pool.

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Ebola drug maker Fujifilm to buy US vaccine maker

Fujifilm said Monday it would buy a US vaccine maker as the Japanese firm boosts its supply of an experimental Ebola drug to help stem the spread of...



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Kai Tak cruise terminal underused: James Tien

The government said on Monday that number of boats scheduled to dock in Hong Kong's cruise terminal at Kai Tak will almost double to 55 next year. ...



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People flouting injunctions may face arrest

The government told the High Court on Monday that it was prepared to arrest anyone who flouts injunctions requiring the clearance of areas which have ...



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US teen dies from wounds inflicted by school shooter: hospital

A US teen who had been fighting for her life after a fellow high school student shot her in the head in a Friday rampage has died, the hospital cari...



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Hong Kong, Shanghai cross-trading scheme postponed

A watershed scheme to allow cross-trading between Hong Kong and Shanghai's stock markets has been delayed indefinitely, a Hong Kong official said Mo...



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Lenovo looking smart for buying out IBM’s PC business

Nearly a decade ago now, Lenovo bought out IBM’s PC business, and was considered a chump for doing so.

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Hang Seng down at midday

Hong Kong shares fell 0.84 percent Monday morning as the postponed launch of a stock-trading platform linking the city and Shanghai weighed on the m...



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Kidnapped women 'used by Boko Haram on front line': rights group

Boko Haram has used kidnapped young women and girls on the front lines of its insurgency, according to a new report published on Monday, after a fre...



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Firemen sent to hospital after boat capsizes

Two firemen have been sent to hospital after their diving support speedboat capsized off Hei Ling Chau. The incident happened early on Monday morni...



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China says to support expanded right to sue govt over land compensation

China's top legislature aims to expand the people's right to sue the government if authorities fail to fulfill contracts signed with citizens over lan...



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Beijing 'will be pleased' by scrapping of vote

A China analyst, Mark O'Neill, said on Monday that Beijing "will be very pleased" that organizers of the pro-democracy protests in Hong Kong on Sunday...



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Ombudsman to probe non-disclosure of teachers list

The Ombudsman is to investigate the Education Bureau's practice of not disclosing the list of registered teachers, following a complaint from a group ...



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China Vanke puts need for cash ahead of year’s investment target

China’s biggest developer by sales, China Vanke, said investment in new projects would miss its target this year as the home builder increased cash reserves to fight a prolonged industry downturn.

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Inter-Korean talks under threat

The planned resumption of high-level talks between North and South Korea later this week appeared in jeopardy Monday with Pyongyang refusing to conf...



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Nikkei gains by break

Tokyo stocks rose 0.37 percent on Monday morning following advances on Wall Street last week, but market gains were limited by investor caution ahea...



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Sponsorship goal for HK Arts Festival a tall order amid market uncertainty

Corporate sponsorship of Hong Kong’s biggest annual arts event has doubled in the past 10 years. While increased support from local companies reflects a greater willingness to promote the arts, the state of the economy remains a factor in corporate largesse.

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HK and mainland China shares slump after through train scheme delay

Delays to the stock through train scheme linking the Hong Kong and Shanghai markets put shares in the red on both sides of the border in morning trading on Monday.

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Cash-strapped Agile Property gains some credit breathing space

Embattled mainland developer Agile Property Holdings has gained some breathing space over the terms the terms of a HK$2.67 billion loan that had been thrown into doubt with the detention of its former chairman Chen Zuolin.

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Asia's wealthy families show higher appetite for risk

The wealthy in the Asia-Pacific region are increasing their exposure to short-dated and risky securities, including US stocks and high-yield debt.

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Chinese consumers develop taste for premium salt imports

Foreign companies are hoping to find space at the table as the tightly controlled salt industry on the mainland is gradually opened up, boosted by rising demand for higher quality imports.

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Kwai Tsing port fights to hold onto business against mainland China rivals

In a city whose skyline is dominated by skyscrapers and the neon displays of world banks, Kwai Tsing container port works out of sight from most Hongkongers.

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Military push powers rally in defence stocks

Beijing's rising military ambition is providing ammunition for the country's defence stocks, fuelling a rally on the Shanghai exchange.

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HKEx chief Charles Li Xiaojia doesn't know when 'through train' will start

Hong Kong Exchanges and Clearing chief Charles Li Xiaojia has no idea when the scheme to directly link the Hong Kong and Shanghai stock markets will eventually begin operations.

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China faces hurdles on path to Asia-Pacific free-trade deal

China is seeking to leverage its status as host of the Apec summit to advance talks on an Asia-Pacific free-trade deal and a joint push against corruption, but work on other agreements is standing in the way.

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Private banks bet on Hong Kong as China financial reforms still hazy

Private banks are not waiting around for reforms to bring greater access to the mainland market. Instead, they are placing their bets on Hong Kong as a long-term hub.

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Oung brothers a step closer to cementing control of Paladin

A convicted fraudster and his fugitive brother moved a step closer to cementing their control over Hong Kong listed Paladin through a convertible note offer that values the company at a fraction of its book price.

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Retail investment funds set for third record year

Retail fund sales are on track for a third consecutive record year as they reached US$56.6 billion in the first eight months, an increase of 11 per cent from the same period last year.

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Christie's gives thumbs up to Shanghai FTZ

Most foreign investors might be getting impatient with the slow progress at Shanghai's much-toted Shanghai free-trade zone (FTZ), but the mainland's 29 square kilometre "mini Hong Kong" has got a thumping approval from Christie's.

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Titan's white knight GZE orders six drilling rigs as part of expansion

Fuel and metals trader Guangdong Zhenrong Energy (GZE), the white knight of insolvent Hong Kong-listed Titan Petrochemicals, is beefing up its drilling equipment capacity.

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Chart of the day: Trouble in Toronto

Another look at the main Toronto stock index, following warnings about a five-wave broadening wedge when volatility was very low.

via South China Morning Post - Business feed http://ift.tt/1ttBjNc

Social media platforms key tool in fraud probes

Social networking platforms, such as Facebook, Twitter and mainland equivalents Renren and Weibo, are proving useful in the investigations of fraud and corruption.

via South China Morning Post - Business feed http://ift.tt/1yDeyFO

Worst to come for Canadian 'loonie' as oil prices fall

The oil boom that powered Canada's recovery from its 2009 recession is turning into a bust for the nation's currency.

via South China Morning Post - Business feed http://ift.tt/1yDexlc

Time for C.Y. Leung to take reality check

One hand cannot clap and in a democratic society, no government can succeed without the trust and support of the people.

via South China Morning Post - Business feed http://ift.tt/1ttBjg9

US Federal Reserve expected to end monetary stimulus this week

The US Federal Reserve is likely to make a final push into the post-crisis era this week with a decision to finally wind up its six-year-old economic stimulus operations.

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Private firms driving investment banking revenue in China

Private firms have overtaken state-owned companies this year for the first time as the biggest drivers of investment banking revenues on the mainland.

via South China Morning Post - Business feed http://ift.tt/1ttBiJl

Weak inflation worries US central bankers

After months of focus on slack in US labour markets, the Federal Reserve faces a new challenge: the possibility that weak inflation may be so firmly entrenched it upends the return to normal monetary policy.

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Food and beverage buybacks strong due to low share prices

The director activity remained high with 49 companies that recorded 264 transactions worth HK$1.72 billion based on filings on the exchange from October 20 to 24.

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Italy fares worst as 25 major euro zone banks fail ECB health test

Twenty-five of the euro zone's 130 biggest banks have failed a landmark health check and ended last year with a collective capital shortfall of €25 billion (HK$243 billion), the European Central Bank said yesterday.

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How to repair the global economy in five easy steps

Confidence in the global recovery is at a crossroads and the uncertainty about the road ahead has clearly fed through to financial markets in recent weeks.

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Pulling the strings

In one of the worst political gaffes since US President Clinton protested, "I did not have sexual relations with that woman", Chief Executive CY Leung officially explained the truth behind Hong Kong's business-led governance.

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Congested Kwai Tsing port suffering from huge traffic jam on water

Gridlock at Kwai Tsing container port in Hong Kong impacts everyone. Stacks of containers occupy virtually every open space in the yard. Cranes and trucks rush around and there is almost no vacant berth.

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Facebook's Zuckerberg seeks China entree at Tsinghua

I previously wrote that Apple's (Nasdaq: AAPL) plain-spoken CEO Tim Cook should consider buying a second home in China due to his frequent visits to the country, and the same could be said for Facebook's (Nasdaq: FB) more brash founder and CEO Mark Zuckerberg.

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Shanghai shares fall on delay in cross-border trading plan

Shanghai shares had their biggest weekly loss since March compared with their Hong Kong H-share counterparts amid growing concern a trading link between the two cities' stock markets will be delayed.

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A cut above the rest

Amy Ward takes a clean chopping board - colour coded green for fruit and vegetables - and starts slicing the skin of a freshly imported butternut squash.

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Hapag-Lloyd helmsman charts a new course in Asia

Rolf Habben Jansen has taken the helm at Hapag-Lloyd at a time of transformation in the shipping industry, ensuring plenty of challenges for the Dutch national.

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Beijing warned not to cut wind power tariffs

Beijing should think twice before cutting wind power tariffs because such a move could see the wind power industry fall short of Beijing's development target for 2020, mainland wind farm developers have warned.

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China aluminium demand hit by cooling property market

The mainland's aluminium smelters are likely to increase the supply of metal in the domestic spot market for the rest of the year because a slowdown in real estate investment has cut demand from aluminium users.

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Chart of the day: Whatever happened to volatility?

Volatility in foreign exchange markets is anchored near record lows with traders seemingly unmoved by the uncertainty that gripped global equities on jitters about US interest rate tightening.

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China leads countries in signing up for US$50b Asian infrastructure bank

China and 20 other countries yesterday signed a memorandum of understanding to create an Asian infrastructure bank that will help finance the region's US$800 billion annual needs.

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Sydney expected to get yuan clearing bank soon

Beijing is set to accelerate plans to boost the international use of yuan by concluding pacts with key regional trading partners Australia and Singapore.

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UK boy finishes proton therapy in Prague for tumor

A clinic in Prague says British boy Ashya King has completed his proton beam therapy treatment for a life-threatening brain tumor. Prague's Proton ...



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Nepal bus accident kills 9, injures dozens

Police in Nepal say a bus crowded with people heading home for a Hindu festival has veered off a mountain highway, killing nine people and injuring do...



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