Rise of US dollar assured because it has become a debt management issue

The world has taken on a huge amount of dollar-denominated debt in recent years, but with the pace of global economic growth lagging the rate of increase in borrowing, the burden of that debt is rising.

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Chinese mutual funds snapped up in buying spree

The mainland's once-struggling mutual fund industry is cashing in on the country's surging stock market, with new funds snapped up in days by investors who long shunned shares as too risky.

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Restrictive banking policies lead to low growth

We are still in the grip of the Great Recession. Economic growth remains anaemic and below its trend rate in most parts of the world. And what’s more, this state of subdued economic activity has been with us for more than seven years.

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UN tells potential Syria donors, a ‘catastrophe’ unfolding

A major UN donors' conference that aims to raise billions of dollars for Syria opens today in Kuwait. Experts have warned of a “humanitarian catastr...



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EU says no deal yet on Greece, but Tsipras seeks ‘honest compromise'

Greek Prime Minister Alexis Tsipras said he wanted an “honest compromise'' as the cash-strapped country wrangled with eurozone creditors over a new ...



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Wine mag sets June debut

Jeannie Cho Lee, the first Asian Master of Wine has announced the launch of a monthly wine magazine in June. It will be launched during Vinexpo 2015...



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The roots of Hong Kong’s income inequality

There is a growing public perception in Hong Kong that economic opportunity has worsened for the younger generation - those born after 1980 – as income inequality has risen and intergenerational upward mobility has decreased.

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Singaporean teen in the dock over insults to Christians and obscene video of Lee Kuan Yew

A Singaporean teenager arrested for posting an expletive-laden YouTube video attacking the country's late founding leader Lee Kuan Yew and Christian...



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Vanke profits up 4.2pc to 15.75 billion yuan

Profits at the mainland’s largest listed real estate firm, China Vanke, rose 4.2 per cent to 15.75 billion yuan (HK$19.61 billion) last year as the property market continued to slow.

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Asian equities rally

Asian markets rallied today, led by Hong Kong and Shanghai after China's decision to ease mortgage rules fuelled hopes for further stimulus measures...



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Fuyao Glass gains on debut

Shares in Fuyao Glass Industry Group (3606) climbed by 16 percent on their debut today. Shares in the automotive glass manufacturer touched HK$19.48 p...



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Developer Kaisa delays filing of annual results, trading suspended

Shenzhen-based real estate developer Kaisa Group Holdings (1638) said today it will delay the filing of annual results for 2014. The company, which ha...



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Kaisa misses earnings report deadline

Kaisa, the troubled Shenzhen-based property firm, said in a regulatory filing that it would miss the deadline to file its 2014 annual results.

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Zhang seeks closer legislative ties with Australia

Top legislator Zhang Dejiang met visiting Australian Governor-General Sir Peter Cosgrove yesterday. Zhang, chairman of the Standing Committee of the ...



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Yuan weakens

The central parity rate of the yuan, weakened by 20 basis points to 6.1422 against the U.S. dollar on Tuesday, according to the China Foreign Exchange...



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US proposes 28pc emissions cut

The United States will offer a roughly 28 percent emissions cut as its contribution to a major global climate treaty nearing the final stages of negot...



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Apple boss deplores ‘dangerous discrimination' laws

Apple chief Tim Cook slammed what he called a wave of “dangerous'' laws in several US states that he said promote discrimination and erode equality...



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(Football) UEFA investigates Montenegro-Russia violence

UEFA said it has opened disciplinary proceedings against Montenegro and Russia after a European championship qualifier between the teams was abandoned...



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Hang Seng, Shanghai open higher

Stocks in Hong Kong and Shanghai rallied in opening trade, boosted by hopes for further stimulus in China after the country's central bank eased mort...



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European stocks close higher

European stock markets closed solidly higher yesterday as traders focused on Greece's efforts to strike a bailout deal, while betting on the outlook ...



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Cairo may join China-based infrastructure bank

Egypt is interested in joining the Beijing-backed Asian Infrastructure Investment Bank, the foreign ministry spokesman said. Australia, Britain, Fr...



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Swiss bank BSI fined US$211m for US tax dodging schemes

Swiss Bank BSI will pay a US$211 million penalty after acknowledging it helped clients create sham identities to evade US taxes, the Justice Departm...



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Google allows combined email for Android users

Google said it was updating its mobile Gmail app for Android device users to allow them to manage multiple email accounts from a single program. “S...



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Obama sets maiden presidential trip to Kenya

Barack Obama will make a long-awaited return to Kenya this July, visiting his father's homeland for the first time since becoming US president, th...



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Lisbon, Luxembourg, Glasgow, and Dublin worst for pollution

Lisbon and Luxembourg rank last in a test of how hard European cities are fighting air pollution, while Zurich and Copenhagen come top, an environme...



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Huadian Power profits jump 45.5pc

Profits at Huadian Power International soared 45.5 per cent year on year last year to 5.96 billion yuan (HK$7.42 billion), the company said in its full-year earnings report.

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Shipbuilder Rongsheng reports 3.8 billion yuan in negative revenue

Embattled shipbuilder China Rongsheng Heavy Industries reported 3.8 billion yuan (HK$4.7 billion) in negative revenue for last year, and a precarious balance sheet with 18.2 billion yuan in borrowings immediately payable.

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Jay Z and A-listers take on Spotify with Tidal streaming site

US rap mogul Jay Z (Pictured) launched the rebranded Tidal music streaming service with major star backing, hoping to shake up the growing industry ...



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New home for Facebook

Facebook moved into its new Frank Gehry-designed headquarters in Silicon Valley, with a rooftop park and “the largest open floor plan in the world.'...



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Nikkei positive

Tokyo stocks opened 0.93 percent higher, boosted by a weaker yen and gains on Wall Street as risk appetite grew on speculation of more monetary stimu...



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South Korean factories humming

South Korea's industrial output rose 2.6 percent in February from a month earlier, boosted by demand over the Lunar New Year holiday, government dat...



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Pyongyang threatens strike against UN rights office in Seoul

North Korea has threatened “merciless punishment'' against South Korea if it goes ahead with plans to open a UN field office in Seoul for monitoring...



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Dow bounces 263 points, blue chip index in positive territory

Wall Street stocks surged Monday on a string of pharmaceutical deals and speculation of more monetary stimulus in China. The Dow Jones Industrial A...



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Solar-powered plane lands in Chongqing

A groundbreaking solar-powered plane successfully flew from Myanmar to central China early today as part of an historic round-the-world journey promot...



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An apple a day may not keep the doctor away, study says

An apple a day does not necessarily keep the doctor away. That is according to proverb-busting research that found daily apple eaters had just as many...



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The Daily Show names Noah new host

Trevor Noah, (Pictured) a 31-year-old comedian from South Africa who has contributed to “The Daily Show'' a handful of times in recent months, will be...



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Angang Steel Q1 profit warning overshadows 2014 growth

Angang Steel, one of China’s largest steel manufacturers, posted a 20.5 per cent increase in profits for 2014 on Tuesday but also announced the resignation of its chairman and a profit warning for the first quarter of this year.

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Wall Street financier Lynn Tilton faces fraud charges for misleading investors

US Federal regulators have filed civil fraud charges against prominent Wall Street executive Lynn Tilton (Pictured) and her investment firms. They are...



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Global tech events expand to China amid fast rise of both local buyers and manufacturers

Some of the tech industry's most influential events and forums are coming to the world's largest economy for the first time.

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China eases property curbs as stimulus hopes spark bull run in equities

The People's Bank of China yesterday slashed the down payment needed to buy second homes in the country to 40 per cent after expectations of further stimulus measures had earlier powered mainland stocks to a seven-year peak.

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Guangdong Rising lowers offer for Australian miner PanAust in renewed bid

China's Guangdong Rising Assets Management made a third takeover offer for Australian copper and gold miner PanAust, valuing the company at A$1.1 billion (HK$6.6 billion), 26 per cent less than just 10 months ago.

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Australian China trade a boost to competitiveness, says survey

Australian companies see working with China as a way to enhance global competitiveness and integrate in global value chains, finds a new report on bilateral trade.

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Volvo's U.S. assembly plant to spearhead global sales recovery

Volvo Cars will invest US$500 million in its first US assembly plant under plans announced yesterday, plugging a longstanding gap in the Swedish carmaker's manufacturing base as it pursues a global comeback under Chinese ownership.

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Chart of the day: Investors keep faith in dollar

Chart of the day: Investors keep faith in dollar

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HK losing ground in yuan payments

Hong Kong's market share in the global yuan business has been shrinking rapidly over the past two years, with other offshore yuan centres turning up the heat on the city as Beijing allows foreign financial centres to dabble in the business.

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China Hongqiao close to clinching bauxite deal in Guinea

China Hongqiao Group is in advanced talks on a mining and port investment deal in Guinea that could help it reach a target to have 60 per cent of its needs for bauxite coming from mines it has invested in.

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Prada profit drops as Hong Kong weighs on results

Italian luxury fashion house Prada suffered a 28.2 per cent fall in profit last year with Hong Kong partly to blame, while Japan and South Korea were among the brightest spots, coinciding with the shift of favourite destinations for high-spending Chinese tourists.

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Small brokers cash in on through train demand

Small brokers always complain about life being difficult and that it is hard to compete with big players, but a Securities and Futures Commission report on their profitability last year paints a completely different picture.

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China's biggest banks learn to cope with sluggish growth

China's Big Four learn to cope with sluggish economic growth

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No man is an island: Lee Kuan Yew had help with Singapore

D e mortuis nil nisi bonum, they say, and I largely agree. Say nothing but good about the dead.

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Hanergy TFP posts strong profits, says parent failed to deliver ordered solar panels

Hanergy Holding, the hydro-to-solar power investment flagship of the mainland's richest person Li Hejun, failed to deliver solar panels its listed unit Hanergy Thin Film Power ordered in 2013 and was forced to refund HK$1.26 billion of prepayments.

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SFC regulations hindering Hong Kong's fund management industry

We hear of more regulatory madness. A reader writes to say that he has held an account with BlackRock, the world's largest provider of mutual funds and exchange-traded funds, for about 25 years.

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Hactl fends off rivals as it adapts to changes brought on by e-commerce

Hong Kong Air Cargo Terminal Limited (Hactl) is the largest ground handler at the world's busiest cargo airport, but chief executive Mark Whitehead has good reasons to worry about it losing that position, with the new Cathay Pacific Cargo Terminal vying for traffic and Sh

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Hang Seng, Shanghai rally

Stocks in Hong Kong ended the morning session 1.50 percent higher today. Investors piled into the market after the head of China's central bank hin...



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Former Israeli premier Olmert convicted over graft and fraud

Former Israeli Prime Minister Ehud Olmert has been found guilty of fraud and breach of trust in a retrial on corruption charges. The ruling came toda...



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Red flags raised over Tianhe, WHO puts Sihuan on the spot

Tianhe Chemicals, the largest investment in the Morgan Stanley fund, was the subject of an investigation by The Associated Press last year and its sto...



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Concerns over missed filings by Morgan Stanley fund stocks Tianhe Chemical and Sihuan Pharma

Two major companies in a prominent US$1.4 billion Asia investment fund managed by New York banking giant Morgan Stanley unexpectedly told securities r...



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Tsunami threat subsides after quake in Papua New Guinea

A 7.5-magnitude earthquake struck off the coast of Papua New Guinea today. Startled residents fled their homes, but a tsunami threat passed with no...



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(Autos) Lincoln Continental embraces its heritage

Ford is resurrecting an iconic nameplate, the Lincoln Continental. A new cconcept will be rolled out at the New York auto show on Tuesday (HK time). ...



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(Autos) Lincoln Continental offers patented driver’s seat

In the new Lincoln Continental concept, the driver's seat has a patented split cushion, so if the driver holds one leg out further than another, it wi...



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(Autos) Ford plans 20 more dealers for Lincoln Continental in China

US sales of Lincoln Continental's current full-size sedan, the MKS, fell 24 percent last year, but with a new offering, which is still in concept form...



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(Autos) Lincoln Continental makes comeback

Elvis Presley had one; so did actor Clark Gable. It was even the sedan of presidents. Then the name vanished amid an invasion of newer luxury cars fro...



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Petition calls for academic freedom

Hundreds of people including many high-profile figures have signed a petition calling for academic freedom to be protected. It was published in the...



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Hang Seng up by break

Hong Kong stocks ended the morning session 1.50 percent higher Monday, with investors piling into the market after the head of China's central bank ...



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Prada HK and Macau sales tumble, earnings fall

Italian luxury fashion and accessories purveyor Prada (1913) said net profit for the year ended January 31, 2015, fell by 28 percent to 450.7 million ...



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China evacuating from Yemen

China is evacuating its citizens from Yemen and suspending anti-piracy patrols in the area amid the growing violence in the Middle Eastern country. ...



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There are benefits to institutional output when it comes to financial research

Recently I came across some financial research by a former strategist at a large global investment bank; it read as if it had been written and filed from a ski lift.

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Former HP chief Fiorina declares intention to seek Republican nomination

Former Hewlett Packard chief executive Carly Fiorina said she is more than “90 percent'' likely to seek the Republican nomination in the 2016 presid...



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(NBA) Leonard leads Spurs charge

San Antonio's Kawhi Leonard (Pictured) scored 15 of his game-high 25 points in a six-minute span of the fourth quarter Sunday, powering the reigning...



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Woman killed as tire flies off from minibus

A 45-year-old woman was killed after she was hit by a tire which flew off from a moving minibus in Ngau Tai Kok. She was rushed to United Christian H...



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(Euro 2016) Portugal top group, Germans back in the hunt

Traditional heavyweights Germany and Portugal earned important wins to boost their hopes of qualifying for the 2016 European Championship yesterday, w...



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(NBA) LeBron pours in 20 for Cavs

LeBron James scored a game-high 20 points and added 11 rebounds with six assists Sunday as the Cleveland Cavaliers edged Philadelphia 87-86 for thei...



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(Golf) Tiger Woods slumps below top 100

For the first time since 1996, Tiger Woods is not among the top 100 golfers in the world ranking. Woods, who has not played since he withdrew from th...



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Nikkei positive at break

Stocks in Tokyo rebounded today. The benchmark Nikkei was up by 0.53 percent by the break, after Wall Street rallied on Friday and as investors shrug...



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Solar-powered flight heads for Chongqing

Solar Impulse 2 took off from Myanmar's second biggest city of Mandalay early today and headed for Chongqing in China, the fifth flight of a landmark...



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Eyeing booming Chinese domain market, GoDaddy IPO values company at US$2.87 billion

Domain name and web hosting company GoDaddy is expected to raise as much as US$418 million at its initial public offering in New York on Monday.

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Hang Seng opens higher

Hong Kong shares opened 0.99 percent higher Monday after gains on Wall Street that snapped a four-day losing streak. The benchmark Hang Seng Index a...



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Mainland China developer Evergrande in Hainan beauty hospital deal

Evergrande Real Estate Group, controlled by mainland billionaire Hui Ka-yan, plans to branch out into the medical beauty industry by establishing hospitals in Hainan.

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Japan February factory production falls

Japan's factory production in February fell by a worse-than-expected 3.4 percent month-on-month, official data showed Monday, adding to the gloom en...



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Tsunami warning after Papua New Guinea hit by 7.5 quake

A 7.5-magnitude earthquake struck off the coast of Papua New Guinea Monday, US seismologists said, with "hazardous'' tsunami waves possible in areas...



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Small brokers cash in on through train demand

Small brokers always complain about life being difficult and that it’s hard to compete with big players but a Securities and Futures Commission report on their profitability last year paints a completely different picture.

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Prada profit down 28.2pc as China sales fall

Milan-based luxury goods company Prada suffered a 28.2 per cent fall in profit last year amid a slowdown in China, it reported on Monday morning.

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Mainland China developer Greentown reports 36pc fall in core net profit

Greentown China, the mainland’s 12th biggest developer by sales, reported a 36 per cent fall in core net profit to 5.3 billion yuan (HK$6.6 billion) for last year on rising administrative expenses and finance costs as well as impairment losses from joint ventures and asso

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China's central bank on alert for deflation

PBOC chief Zhou Xiaochuan warns of need for vigilance as some prices take a hit from weaker demand in the domestic economy.

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Emperor woos Hong Kong flat buyers with HK$270,000 watch

Home-seekers spoiled for choice amid a rash of property launches now have one more pre-purchase deliberation: whether to take the free HK$270,000 watch on offer and sign up for a unit in Sai Ying Pun.

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Dufry to buy 50pc of Italy's World Duty Free in deal worth 3.6b euros

Switzerland's Dufry has agreed to buy a majority stake in World Duty Free in a deal which values the Italian firm at €3.6 billion (HK$30.4 billion) and will make the combined group the world's biggest travel retailer.

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ChemChina chairman says hopes to re-list tyre maker Pirelli in Italy

The chairman of China National Chemical Corp (ChemChina) yesterday said he hoped to re-list Italy's Pirelli on the Italian stock exchange after his firm agreed earlier this month to acquire the world's fifth-largest tyre maker.

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Bulk of wealth growth to come from 'new wealth builders', says report

Wealth growth in Asia is not all about the "high-net-worth" folk, who hold more than US$2 million in assets.

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Passive investor to partner in crime: How China lost the plot in Sri Lanka

Bandara Chaminda's enthusiasm is almost infectious.

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Chinese SOEs should learn from ZTE and Huawei and get local partners, says Sri Lanka business council chief

Chinese companies should learn from ZTE and Huawei and get local partners to insulate them from controversies like the one raging over the US$1.4 billion Colombo Port City project, says Sri Lanka-China Business Council president Navindra Abeyesekera.

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Chinese developers' flight to big cities hurting smaller centres

China's small cities hit hard as developers cut land acquisitions this year

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Morgan Stanley to expand China team as stock market reforms take hold

US investment bank Morgan Stanley plans to add dozens of new jobs to its China-focused equity research and corporate analysis teams over the coming year as Beijing moves to give foreign investors more direct access to mainland stock markets.

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Everbright Bank approves plan to spin-off wealth division

China Everbright Bank's board has approved long-rumoured plans to spin off the mainland lender's wealth management division, possibly paving the way for further asset sales among Chinese banks.

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Growing pains at China's baddest banks

More than 70 per cent of managers at the four state-controlled asset management companies said in a survey that the future direction and sustainability of profits for the firms were unclear.

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HK's property investment portfolio will double with the establishment of Future Fund

Hong Kong is on track to raise its profile as a buyer of global property when the city's Future Fund is launched this year, with government investments tipped to almost double to HK$68 billion under an expected tilt towards real estate.

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Hong Kong IPO crown safe for now, says Morgan Stanley

Hong Kong IPO crown safe for now, says Morgan Stanley

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HKEx closing-auction plan gets mixed reaction from brokers, fund managers

HK's relaunch of closing auction draws mixed response

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Chart of the day: Saudi slips

Chart of the day: Saudi slips

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Lee Shau-kee piles into SHKP amid busy week of activity

Lee Shau-kee piles into SHKP

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Hong Kong must make most of Russian exchange's dual-listing proposal

This century's version of the Great Game, a new cold war struggle between Russia and Nato, is also being played out in Hong Kong.

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Pound losing its lustre as storm clouds gather over Britain

Pound loses lustre as storm clouds gather over Britain

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Can we just link everything to the internet and call it China's new economy?

When I saw that China's No 1 air-conditioner maker Gree had announced plans to make an iPhone-like smartphone, I had mixed feelings about the long-awaited economic transformation of the country. Is this more innovation or a sign of another bubble in the making?

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Hanergy's top China tycoon boss Li Hejun promises more miracles

China's new top tycoon Li Hejun believes in miracles, do you?

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The financials of tycoon Li Hejun's Hanergy remains a mystery

Want a challenge? Try adding up the financials of China's newest top tycoon Li Hejun's Hanergy.

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Adherence to ethics at core of sourcing firm Connor's operations

Adherence to ethics at core of sourcing firm Connor

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China Eastern disappoints with underlying loss

China Eastern Airlines last night posted a profit jump of 44 per cent for 2014, but after adjustments for one-off items it made a loss of 230 million yuan (HK$291 million), compared with adjusted profit of 1.2 billion yuan a year ago.

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Haier Electronics plans rural online sales drive to beat slowdown

Haier Electronics, the world's biggest supplier of washing machines, plans to drive e-commerce sales in the countryside with improved delivery services this year amid fears of a further slowdown in the mainland's home appliances industry.

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Profits at China's heavy industries fall 4.2pc

The mainland's industrial profits fell 4.2 per cent in January-February from a year earlier as the economy slowed and profit margins deteriorated, moderating from an 8 per cent drop in December but still the sharpest decline in the first two months since 2012.

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US questions China on banking IT restrictions

The United States is concerned about China's restrictions on the use of foreign information technology equipment by the banking sector, according to a filing published by the World Trade Organisation.

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China Cosco cites market volatility as cause of losses

The president of China Cosco Holdings, advising that losses in the underlying operations of the country's biggest shipping company had extended to a fourth year, yesterday conceded he was "deeply bothered" by volatility in the shipping market.

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Colombo fires fresh salvo at Chinese firm

The Chinese company involved in the controversial US$1.4 billion Colombo Port City project has failed to furnish the necessary documents within the two-week deadline set by the new government, which is also reviewing other Chinese projects including a high-profile telecom

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Chinese rental company Car Inc plans expansion into internet-based, mobile services

It is known as the mainland's leading car rental company, but Car Inc is breaking with tradition and, riding on China's internet frenzy, is creating a mobile platform that will offer solutions for various travel needs.

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CY Leung and the art of controlling electoral outcomes

We see that our chief executive has been speaking about constitutional reform again. He is reported to have said that all universal suffrage systems in the world can be regarded as "genuine" if they are designed in accordance with the law.

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Chief executive should fight to establish AIIB headquarters in HK

Chief Executive Leung Chun-ying should refrain from political rhetoric and do something positive for Hong Kong. Getting the Asia Infrastructure Investment Bank (AIIB) to establish its headquarters in the city would certainly be a perfect example.

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China mutual funds join ride on through train

China mutual funds join ride on through train

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Chart of the day: Goldman index signals growth grinding lower

Goldman index signals growth grinding lower

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Journalists lament worsening press freedom

The Hong Kong Journalists Association says press freedom worsened last year. The group’s Press Freedom Index declined by 0.6 of a percentage point y...



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10 pilgrims die at Bangladesh river ritual

At least 10 Hindu pilgrims were killed and dozens more were injured in a stampede outside the Bangladesh capital Dhaka today, police and witnesses sa...



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(Lee Kuan Yew 1923-2015) Singaporeans determined to honor late leader

Despite a government appeal to not line up to pay their respects to the late prime minister, many Singaporeans are standing in the sun for a chance to...



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Nikkei gains erased at close

Tokyo stocks dropped 0.95 percent as profit taking erased earlier gains in a day of see-saw trading, with the benchmark Nikkei sitting in positive te...



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4,000 abandoned fishermen in Indonesia are slavery victims

The International Organization for Migration says an estimated 4,000 fishermen are stranded on a handful of islands in Indonesia, including men reveal...



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(Figure skating): Papadakis, Cizeron capture gold

France's Gabriella Papadakis and Guillaume Cizeron took gold at the World Figure Skating Championships ice dance event in Shanghai today, the high po...



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Social media figure fronts Calvin Klein pitch

Calvin Klein Jeans is launching the limited edition Calvin Klein Jeans #mycalvins Denim Series, inspired by athletic and urban street wear on April 15...



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(US College basketball) Badgers rally to trip-up Tar Heels

Sam Dekker (Pictured) scored a career-high 23 points, Frank Kaminsky added 19 and top-seeded Wisconsin Badgers rallied in the final 10 minutes to hold...



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'Political reform debate would be beneficial'

A Basic Law Committee member, Professor Albert Chen Hung-yee, says an open debate between supporters and opponents of the government's political refor...



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(Lee Kuan Yew 1923-2015) 150,000 mourners and counting

About 150,000 people have waited in lengthy lines to pay their last respects to Lee Kuan Yew at Parliament House by last evening. The government has u...



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(Lee Kuan Yew 1923-2015) Overwhelming display of affection and grief

Singaporeans hoping for a glimpse of long-time leader Lee Kuan Yew's coffin are being urged to stay away from the sprawling queue as waiting times rea...



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Oil prices fall in Asia trade

Oil prices fell in Asia today, cutting short a recent rally as investors weighed the potential for disruptions in Middle East supplies caused by the...



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Dark chocolate cupcakes fall foul of color code

A court in France has banned the display of cupcakes topped with the naked figures of a man and woman wrought in dark chocolate in a pastry shop nea...



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Valentino’s new Shanghai boutique offers men’s collection

Valentino has opened a men’s store in Shanghai at Shanghai Plaza 66 carrying a complete men’s wear collection including ready-to-wear and accessories...



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China’s Poly Property reports 66 pct profit slide for 2014

China’s Poly Property 2014 profit down 66 pct

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Drug-resistant infections could kill 1m more in China

China faces a million deaths a year from antibiotic-resistant superbugs and a loss of US$20 trillion by 2050, an economist and former top Goldman Sa...



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Yen weakens

The yen slipped as weak Japanese inflation data stirred talk of further easing measures, bringing an end to a short rally that had been fuelled by f...



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Hang Seng flat at mid-day

Hong Kong stocks were flat in the morning session as a sell-off on Wall Street offset further gains in mainland Chinese markets. The benchmark Hang...



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Sing Tao honors outstanding individuals

Sing Tao News Corp will honor a group of outstanding personalities who have contributed to business and the community at its annual awards presentatio...



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Lagarde has message for Asia on risk of dollar rise

Asian economies should enjoy, while they can, a respite from the recent months of US dollar appreciation as senior policymakers continue to press the argument that the eventual rise in US interest rates could have negative spill-over effects in Asia.

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Zhang backs closer ties between Sri Lankan and Chinese legislatures

Top legislator Zhang Dejiang met with visiting Sri Lankan President Maithripala Sirisena yesterday. Zhang, chairman of the Standing Committee of the ...



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Seoul welcomed into infrastructure bank

The Ministry of Finance welcomed the decision by South Korea to join the Asian Infrastructure Investment Bank. Seoul will become a founding member on...



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China industries still in the red

Profits of China’s industrial businesses hit 745.24 billion yuan in the first two months of 2015, down 4.2 percent year on year, official data showed ...



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Rights NGO may hold police to account over raid

A Chinese anti-discrimination civic group said it is considering legal action over a police raid on the group's offices that was apparently prompted b...



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Xi underlines mutual benefit in talks with Sri Lankan president

President Xi Jinping called on Sri Lanka to protect the legitimate interests of Chinese companies, expressing willingness to deepen cooperation in tra...



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(NBA) Ilyasova revels in Bucks revival

Ersan Ilyasova (Pictured) had a career-high 34 points as the Milwaukee Bucks held off the Indiana Pacers 111-107 in a US National Basketball Associati...



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(Wine) Prosecco sales bubbling over

If there was one tipple wine lovers could not get enough of last year it was prosecco, the Italian sparkler that has outstripped champagne as the wo...



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Sacked Clarkson admits BBC producer he assaulted is not at fault

Jeremy Clarkson, the sacked presenter of BBC motoring show “Top Gear,’’ defended the co-worker he attacked in a fracas that led to his downfall. Cl...



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Yahoo okays additional US$2 billion share buybacks

Yahoo told US regulators that it will spend another US$2 billion buying back shares as the firm continues an effort to re-invent itself. The new sha...



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Foreigners among injured in Thai rail crash

More than 50 people were injured when two trains collided in central Thailand, a senior official said today. The collision occurred at 10:15 pm loca...



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Australia bids farewell to former PM Fraser

Hundreds of mourners gathered toay at a state funeral for former conservative prime minister Malcolm Fraser, who came to power in 1975 with Australi...



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(Volvo Ocean Race) Chinese boat back at the front

China's Dongfeng Race Team retook the lead on the treacherous fifth leg of the Volvo Ocean Race yesterday, just 48 hours after the boat nearly capsi...



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(Horse racing) Show time in Dubai for California Chrome

It is almost show time for “rock star'' California Chrome. The Kentucky Derby and Preakness winner tops an international field of nine Saturday for t...



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(Football) Blues skipper Terry extends deal

John Terry has signed a one-year contract extension with Chelsea, the Premier League leaders announced. Terry's current deal was due to expire at th...



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PRESS DIGEST - Top stories in Hong Kong and mainland China newspapers on March 27

These are the leading stories in Hong Kong and mainland Chinese newspapers and websites on Friday. The South China Morning Post has not verified these stories.

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Nikkei gains by break

Tokyo stocks rebounded Friday morning to sit 0.48 percent higher at the break, shrugging of a fall on Wall Street stoked by fears that unrest in Yem...



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(Football) Brazil end France unbeaten run

Striker Neymar scored his 43rd international goal and midfielder Willian set up two as Brazil beat France 3-1 yesterday in another step in rebuilding ...



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(NFL) League seeks China online rights deal

US National Football League officials are looking at staging regular-season games in Germany and Mexico and adding more games in London in a bid to ...



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(Flight 9525) German pilot’s crash motive a mystery, families of victims angry and perplexed

The young German co-pilot of the doomed Germanwings flight appears to have deliberately crashed the plane after locking his captain out of the cockp...



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Japan inflation stalls, household spending tumbles

Japan’s inflation stalled in February with a key measure of prices flat for the first time in nearly two years, data showed today, weighed by a plun...



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Hang Seng, Shanghai positive

Stocks advanced 0.18 percent in Hong Kong in opening exchanges today, in line with further gains in Shanghai, which has climbed more than 12 percent...



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China Aircraft Leasing profits climb 75.5pc

Strong demand for planes from mainland airlines drove rapid profit growth at China Aircraft Leasing (CALC) in 2014, the company said late on Thursday.

CALC profits soared 75.5 per cent to HK$303 million last year.

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Industrial Securities seeks waiver on free-shares rule for planned HK listing

Industrial Securities, a mid-sized mainland brokerage that plans a Hong Kong initial public offering, has lobbied the mainland regulator to exempt its state-owned shareholders from giving free shares to the national pension fund after its share flotation.

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Air China books 14pc increase in 2014 net profit

Air China posted on Thursday a 13.97 per cent increase in net profit and proposed to appoint former Hong Kong airport chief Stanley Hui Hon-chung as a non-executive director.

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Huaneng Power may buy more assets from parent company

Huaneng Power International will target plants owned by its parent when buying assets in future, says a senior executive.

The firm is also not concerned about any short-term impact from impending industry structure and power pricing reforms.

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China strong enough to face reform risks, experts say

The Chinese economy is growing strongly enough to withstand the potential risks from further financial market and foreign-exchange liberalisation, experts said yesterday.

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Mainland China imports less gold from Hong Kong as prices fall

Mainland China's gold imports from Hong Kong fell last month to their lowest in six months as purchases slowed in the world's second-biggest gold consumer amid weaker prices.

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Small is beautiful for investment banks in Kraft-Heinz deal

Lazard and Centerview Partners have only a fraction of the staff and resources of their larger investment banking brethren, such as Goldman Sachs Group and JP Morgan Chase.

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Chart of the day: Cable clings to key support

Cable clings to key support

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Japan's Panasonic gears up to spend 1tr yen on acquisitions

Japanese electronics supplier Panasonic Corp said it was ready to spend 1 trillion yen (HK$64.8 billion) on acquisitions over the next four years, emboldened by a stronger profit outlook for its automotive and housing technology businesses.

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(NBA) Jordan lifts Clippers over Knicks with perfect shooting

DeAndre Jordan raised the NBA's best shooting percentage above 71 percent by making all seven shots and scoring 14 points, as Los Angeles pounded New ...



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(NBA) Bulls move ahead further from Raptors with victory

Jimmy Butler scored 23 points and Pau Gasol had 18 as Chicago beat Toronto 116-103. Tony Snell scored 17 points to help the Bulls move 1-1/2 games ...



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(NBA) Hawks bounce back from three-game skid

Paul Millsap had 25 points and 11 rebounds as Atlanta ended a three-game losing streak with a 95-83 win over Orlando. Jeff Teague added 16 points, ...



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(NBA) Spurs rout Thunder

Tony Parker had 21 points and six assists as San Antonio beat Oklahoma City 130-91, stopping its four-game winning streak. Boris Diaw scored 19 poi...



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Property revaluation gains boost K Wah’s bottom line

K Wah International Holdings’ net profit rose 11 per cent last year to HK$1.83 billion, thanks to increased property revaluation gains.

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(NBA) Howard, Rockets block Pelicans rally

James Harden had 25 points and 10 assists, and Dwight Howard had seven rebounds and a block on Anthony Davis in his return from a two-month absence as...



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(NBA) Irving, Love lead Cavs past Grizzlies

Kyrie Irving scored 24 points, and Kevin Love added 22 points and 10 rebounds as the Cleveland Cavaliers rolled to a 111-89 victory over the Memphis G...



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US stance against China-led bank 'embarrassing': ex-Goldmans exec

Washington's opposition to a new China-led development bank is "embarrassing'' and "idiotic'', a former top Goldman Sachs executive said Thursday, a...



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(Flight 9525) Pilot locked out of cockpit before French Alps crash: source

One of the two pilots on the Germanwings flight that crashed in the French Alps was locked out of the cockpit before the plane went down, killing 15...



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Former police chief arrested for murder

A former Chinese regional police chief has been arrested on suspicion of murder, the country's top prosecution agency said Thursday, the victim repo...



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Secret Chinese airport brought down to earth by chopper crash

A secret private airport illegally built by a wealthy businessman in China was exposed after he crashed his helicopter, killing a passenger, state-r...



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Strong yen sends Nikkei lower

Tokyo stocks dropped 1.39 percent on Thursday, hit by a stronger yen and sharp losses on Wall Street that were fuelled by weak US data. The Nikkei ...



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The economics of Sevens tickets

As those few of you reading this at the Hong Kong Sevens today will know, tickets are extremely hard to get. All kinds of interesting but unwanted reactions appear when you get a supply-demand imbalance in economics.

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Kerry Logistics posts 10pc gain in core net profit

Kerry Logistics Network core net profit, excluding one-off gains or losses, grew 10 per cent last year to HK$976 million, as it reaped benefits from its expansion plan.

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Chalco shares recover after early fall following record loss

Shares of Aluminum Corporation of China (Chalco) dropped as much as 2.8 per cent after the nation’s largest smelter of the lightweight industrial metal posted its biggest annual net loss.

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Beijing has quietly lifted QFII’s US$1 billion investment ceiling, SAFE says

Mainland authorities have effectively lifted the US$1 billion ceiling for qualified foreign institutional investors (QFII), but further reform to the system would take time, the State Administration of Foreign Exchange (SAFE) said on Thursday.

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Jiangxi Copper posts 18.5pc fall in profit

Jiangxi Copper, the mainland’s largest smelter of the industrial metal, cautioned that the smelting industry will face more tough times, after it posted an 18.5 per cent decline in net profit for last year amid lower metal prices and persistent over-capacity.

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PRESS DIGEST - Top stories in Hong Kong and mainland China newspapers on March 26

These are the leading stories in Hong Kong and mainland Chinese newspapers and websites on Thursday. The South China Morning Post has not verified these stories.

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Shengjing Bank posts 11pc profit growth for 2014

Shenyang-based Shengjing Bank, the latest mainland lender to list in Hong Kong, said profits grew by 11 per cent in 2014 to 5.4 billion yuan (HK$6.7 billion).

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Mengniu Dairy profit up 44pc

China Mengniu Dairy, the mainland’s largest producer of dairy products, said profit climbed 44 per cent last year to 2.35 billion yuan (HK$2.95 billion).

Revenues hit 50 billion yuan, while financing costs soared by about 111 per cent to 340 million yuan.

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Fosun International’s profits climb 24pc

Shanghai-based conglomerate Fosun International posted 6.85 billion yuan (HK$8.55 billion) in profits for 2014, up 24 per cent year on year, the company said.

Revenues hit 61.7 billion yuan and Fosun proposed a dividend of HK$0.17 a share.

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Oracle to hire 1,000 sales staff in Asia-Pacific, including mainland and Hong Kong

Enterprise technology powerhouse Oracle aims to recruit 1,000 new sales staff across the Asia-Pacific region to drum up more business for its "cloud computing" operations.

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China's mid-tier lenders still caught in the shadows

Shadow lending at Chinese banks may have slowed last year but many of China's mid-tier banks are not out of the woods given the amount of assets that have ended up off their balance sheets and out of regulatory sight.

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China's government debt-bond swap plan expected to draw investors

China's local government debt-for-bond swap programme, with an initial size of 1 trillion yuan (HK$1.25 trillion) this year, might attract a variety of investors without triggering a US-type quantitative easing.

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China's Sinopec Oilfield seeks other businesses and cuts costs to offset oil slump

Sinopec's oilfield services arm fights oil slump by seeking non-oil businesses

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Hainan Airlines to buy 30 Boeing 787 Dreamliners for up to US$7.7 billion

Hainan Airlines, China's fourth-largest carrier, on Wednesday posted a net profit increase of 20 per cent for last year and said it would buy 30 next-generation Boeing 787 planes for up to US$7.7 billion.

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Lai Sun looks at redeveloping two recent London property purchases

Lai Sun Development is considering redeveloping two commercial properties in London the company bought over the past year.

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Upstart banker beats heavyweights to taxi app merger deal in China

When little-known taxi-hailing app Didi Dache needed US$15 million to grow its business two years ago, an upstart investment bank stepped in to help it raise the funds from social networking giant Tencent Holdings.

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Chart of the day: Slow and steady growth

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Who is watching the Securities and Futures Commission?

The Securities and Futures Commission needs to take a long hard look at itself following the recent conclusion of the Andy Mantel fiasco which we wrote about on Tuesday.

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(Flight 9525) German, French and Spanish leaders at crisis center

French President Francois Hollande, German Chancellor Angela Merkel and Spain's Prime Minister Mariano Rajoy arrived near the site of the crashed Ge...



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EU to impose anti-dumping duties on cold-rolled stainless steel sheet from mainland China, Taiwan

The European Union will impose anti-dumping duties from Thursday on imports of cold-rolled stainless steel sheet from mainland China and Taiwan, according to a notice in the EU’s Official Journal.

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Hornets and Clippers schedule Shenzhen exhibition game

The Charlotte Hornets will play the Los Angeles Clippers in Shenzhen in October in the US National Basketball Association's first game ever in the c...



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Sri Lankan President Sirisena due to sign key agreements in Beijing

Sri Lankan President Maithripala Sirisena left for China today on a four-day state visit at the invitation of President Xi Jinping, the president's o...



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Thai seafood firm drops supplier named by AP for slave labor

Thailand's biggest seafood company said it severed links with a supplier named in an Associated Press report after determining it might be involved wi...



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Aluminum Corp of China rings up biggest ever loss in 2014

Aluminum Corp of China Ltd (Chalco), the leading producer of primary aluminium and raw material alumina in the country, posted its largest-ever loss in 2014 due to huge writedowns and weak metal prices as the Chinese economy slowed.

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US factory orders weaken in February

Orders to US factories for long-lasting manufactured goods fell in February for the third time in the past four months, while a key investment categor...



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(Flight 9525) Cockpit voice recorder a mangled wreck

The cockpit voice recorder recovered from the wreckage of the Germanwings plane that crashed killing all 150 people aboard has been damaged and has ...



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(Lee Kuan Yew 1923-2015) Patient crowds await their turn

As dusk falls in Singapore, thousands stay patiently to reach Parliament House where the late Singapore prime minister lies in state. ...



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(Lee Kuan Yew 1923-2015) Parliament tribute airing live

A special Parliamentary sitting devoted to the late Lee Kuan Yew will be beamed live from 4pm tomorrow, Singapore broadcaster Channel News Asia said t...



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(Lee Kuan Yew 1923-2015) Lee Hsien Loong thanks huge crowds

Prime Minister Lee Hsien Loong has expressed his gratitude to thousands who turned out to pay their respects today at Parliament House, a local broadc...



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Foul-mouthed BBC presenter Jeremy Clarkson faces end of the road at motoring show

UK Government funded broadcaster BBC has dropped a popular presenter, “Top Gear'' host Jeremy Clarkson, two weeks after he was suspended over an alt...



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London lists yuan-denominated money market ETF

The London Stock Exchange launched a product allowing small investors exposure to Chinese bond markets in the local currency. “The listing, the fir...



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ECB tells Greek banks not to buy more government debt

The European Central Bank has written to Greek banks urging them not to increase their exposure to Greek sovereign debt to avoid endangering the sol...



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(Flight 9525) 72 Germans, 35 Spaniards on board

German budget airline Germanwings said there were at least 72 Germans on its plane that crashed in the French Alps, killing all 150 people aboard. C...



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China’s ZTE 2014 net profit soars 94 per cent on smartphones, 4G rollout

Chinese telecom equipment maker ZTE Corp posted a 94 per cent rise in 2014 net profit on Wednesday, in line with its own forecast, due to strength in its smartphone business overseas and high-speed 4G network division at home.

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China Longyuan Power plans more expansion in both wind and coal power

Wind power major China Longyuan plans more wind farms expansion, but has no plan to get out of ‘dirty’ coal power business

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Moon turns dull red over HK on April 4 during total eclipse

Hong Kong will be able to witness a total lunar eclipse on Saturday, April 4, lasting 12 minutes and it will be in progress before moonrise. The tot...



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Dangerous swivel armchairs seized

Users could fall of a swivel armchair in the market, authorities have warned. Customs and Excise Department alerted potential buyers to the potential...



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Hermès Asia sales gallops despite China slowdown and HK protests

Hermès announced record net profits for 2014 today, along with plans to pay out an “exceptional'' dividend of 5 euros per share. World-famous for i...



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(Lee Kuan Yew 1923-2015) Singapore reaches out

Singaporeans reached out to Prime Minister Lee Hsien Loong at the Istana tribute site for his father Lee Kuan Yew. Lee Hsien Loong spoke to visitors a...



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(Lee Kuan Yew 1923-2015) Teacher’s sorrow

Singapore Prime Minister Lee Hsien Loong, center, embraces his former Malay language teacher Mohd Amin Shafawi when he came to pay his respects to the...



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(Lee Kuan Yew 1923-2015) Island overcome by grief

People shed tears at Parliament House where the remains of Lee Kuan Yew will lie in state for four days. ...



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(Lee Kuan Yew 1923-2015) Lines grow ever longer

Thousands lining up to pay their last respects at Parliament House will face a long wait today, a local broadcaster reported, saying that by 11am toda...



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(Lee Kuan Yew 1923-2015) Long wait to pay last respects

Thousands lining up to pay their last respects at Parliament House will face a long wait today, a local broadcaster reported, saying that by 11am toda...



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(Lee Kuan Yew 1923-2015) Flag-draped coffin lying in state

People in Singapore lining up to pay their last respects at Parliament House will have time until midnight today, and then from 10am and 8pm until Sa...



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(Lee Kuan Yew 1923-2015) Thousands hail beloved figure

Singaporeans wept on the streets as they gathered in their thousands to pay respects to founding leader Lee Kuan Yew, whose flag-draped coffin was t...



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(Volvo Ocean Race) Chinese boat topples in 5-meter swells

Chinese entrant Dongfeng Race Team was one of four boats in the Volvo Ocean Race fleet to keel over in the Southern Ocean yesterday as the fleet exp...



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(Formula One) Alonso awaits medical clearance

Fernando Alonso's return from his mysterious crash and concussion will give struggling McLaren a boost as the Formula One field strives to rein in M...



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(NBA) Westbrook in attack mode once more

Scoring leader Russell Westbrook (Pictured) poured in 27 points and added 11 assists, and Enes Kanter contributed 25 points and 16 rebounds as the Thu...



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Chinese investment the target in New South Wales power politics

One of Australia's most senior politicians claimed that the New South Wales Labor Party leader Luke Foley was using racist tactics by criticizing Chin...



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Robots unlikely to rescue MPF investors

The fund management industry is having a hard enough time coming to terms with the seemingly unstoppable rise in consumer demand for exchange traded funds (ETFs). But traditional fund managers are now faced with an even greater indignity: a challenge from robots.

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Nikkei gives up early gains

Tokyo stocks lost early gains today morning, slipping 0.12 percent following a weak lead from Wall Street as upbeat US data bolstered the case for a...



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Indian navy plane crashes, two missing

An Indian navy surveillance aircraft has crashed into the sea off the country's western coast and two of the three people on board are missing. Navy ...



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Hutchison creates dominant mobile telco in UK through O2 acquisition for HK$106.7b

Billionaire Li Ka-shing’s Hutchison Whampoa (0013) said today it had acquired telco O2 UK from Spain’s Telefonica SA in a £9.25 billion (HK$106.75 bi...



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Hang Seng up, Shanghai falls

Stocks in Hong Kong climbed 0.37 percent today, boosted by Hutchison Whampoa after it said it had agreed to buy British telecom giant O2 for US$15.2 ...



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Go ahead for Guangdong free trade zone

China has given the go-ahead for three more free-trade zones, state media reported, despite the country's first project in Shanghai proving disappoi...



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(Flight 9525) Crash site a picture of horror, data recorder from German plane found

A black box recovered from the scene and pulverized pieces of debris strewn across Alpine mountainsides held clues to what caused a German jetliner to...



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Huaneng Power International falls after profit and dividend disappoint

Shares of Huaneng Power International fell 3.2 per cent after it posted a lower than expected annual profit, due to the booking of asset impairments, and failed to raise its dividend.

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Li Ka-shing’s conglomerate agrees to £10.25 billion takeover of British mobile network O2

Hutchison Whampoa, the flagship conglomerate of billionaire industrialist Li Ka-shing, has agreed to buy the British mobile network operator O2 from Spain’s Telefonica for £10.25 billion (HK$118.29 billion).

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PRESS DIGEST - Top stories in Hong Kong and mainland China newspapers on March 25

These are the leading stories in Hong Kong and mainland Chinese newspapers and websites on Wednesday. The South China Morning Post has not verified these stories.

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Hutchison completes buyout of British mobile carrier O2 for £10.25 billion

Hutchison Whampoa, the Hong Kong conglomerate owned by Asia’s richest man, Li Ka-shing, has bought Britain’s second-largest mobile carrier, O2, for £10.25 billion (HK$118.23 billion).

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US needs to adapt to an engaged China

As Asians imagine a world without Lee Kuan Yew, I can’t help wondering what that diplomatic giant, with strong opinions on many things, would have made of the US’s lead-booted diplomacy over China’s new infrastructure bank?

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