• Fri
  • Dec 19, 2014
  • Updated: 6:55am
SEC orders Baker Tilly to disgorge US$75,000 in audit fees for failure to detect fraud

A Hong Kong-based accounting firm has been fined US$75,000 and temporarily barred from accepting new clients trading in the US after the American market regulator imposed sanctions on the firm...

Updated 19 Dec 2014 - 6:48am
Rouble fall blamed as BYD shares take a dive

Shares of mainland carmaker BYD, partly owned by Warren Buffett's Berkshire Hathaway, plunged on Thursday, triggering a flurry of market rumours that the company dismissed even as it failed to...

19 Dec 2014 - 6:55am
Rouble fall blamed as BYD shares take a dive

For those who complain about the pathetic interest rates in Hong Kong, spare a thought for the Swiss.

19 Dec 2014 - 6:55am
Rouble fall blamed as BYD shares take a dive

The US Federal Reserve offered a strong signal that it was on track to raise interest rates sometime next year, altering a pledge to keep them near zero for a "considerable time" in a show of...

Updated 19 Dec 2014 - 6:54am

BANKING & FINANCE

Switzerland moves to negative interest rates to cap franc's gains

For those who complain about the pathetic interest rates in Hong Kong, spare a thought for the Swiss.

19 Dec 2014 - 6:55am

ECONOMY

Hong Kong factories in China brace for slump in exports to Russia

Exporters in the Pearl River Delta are bracing for fallout from Russia's currency plunge.

19 Dec 2014 - 5:36am

MONEY

Chart of the day: Copper sentiment sinks to new low

Copper has endured its biggest two-week fall since 2011, according to the proprietary Marex Spectron Global Copper Sentiment Index.

18 Dec 2014 - 9:08am

Companies

SEC orders Baker Tilly to disgorge US$75,000 in audit fees for failure to detect fraud

A Hong Kong-based accounting firm has been fined US$75,000 and temporarily barred from accepting new clients trading in the US after the American market regulator imposed sanctions on the firm...

Updated 19 Dec 2014 - 6:48am

China Business

Rouble fall blamed as BYD shares take a dive

Shares of mainland carmaker BYD, partly owned by Warren Buffett's Berkshire Hathaway, plunged on Thursday, triggering a flurry of market rumours that the company dismissed even as it failed to...

19 Dec 2014 - 6:55am

COMMODITIES

Gulf Opec producers prepared for patient wait on oil market revival

Core Gulf Opec oil producers signalled this week they are prepared to wait as long as six months to a year to see the market stabilise, quashing hopes for any quick intervention to stop the price...

18 Dec 2014 - 2:02am

Markets

Stock Quotes

Money

Chart of the day: Rumpled rupiah

The Indonesian rupiah on Monday hit 12,700 per US dollar, the most needed to buy a greenback in more than 16 years.

17 Dec 2014 - 9:40am

Companies

Hong Kong billionaire Tony Fung granted first regulatory approval for Australia casino

A proposed HK$50 billion Aquis Great Barrier Reef Resort, backed by Honk Kong billionaire Tony Fung Wing-cheung, was granted regulatory approval by an Australian state planning department.

18 Dec 2014 - 9:20pm
Carmaker BAIC set to raise HK$9.9 billion in IPO after fixing share price in middle of range

Mainland carmaker BAIC Motor Corp, part-owned by German giant Daimler, has raised about HK$9.9 billion after pricing shares in its initial public offering towards the higher end of the marketing...

Updated 19 Dec 2014 - 6:50am
Macau casino shares drop on report of crackdown on illicit money transfers

All Macau casino stocks dropped in morning trading on Wednesday, with some falling by more than 7 per cent after the South China Morning Post reported Beijing is set to launch a major crackdown on...

17 Dec 2014 - 7:14pm
Macau casino shares drop on report of crackdown on illicit money transfers

Car maker Geely Automobile stunned investors with a profit warning that said as much as half of this year's earnings may be wiped out by falls in export sales and losses from operations in Russia...

18 Dec 2014 - 6:48am
Macau casino shares drop on report of crackdown on illicit money transfers

Hapag-Lloyd said its recent merger with Chilean company CSAV will help it expand into China trade with Latin America, as it looks to strengthen its exposure to developing markets.

18 Dec 2014 - 6:56am
Macau casino shares drop on report of crackdown on illicit money transfers

India's government gave billionaire Kalanithi Maran's troubled airline SpiceJet a lifeline by allowing it to take bookings until the end of March and extending a credit line for jet fuel by two...

17 Dec 2014 - 11:16am
Macau casino shares drop on report of crackdown on illicit money transfers

NVC Lighting founder and former chief executive Wu Changjiang is under criminal detention in Huizhou, Guangdong, and his 1.1 billion yuan (HK$1.37 billion) worth of shares has been frozen,...

17 Dec 2014 - 11:05am
Macau casino shares drop on report of crackdown on illicit money transfers

Apple halted online sales of its products in Russia due to “extreme” rouble fluctuations, showing how the currency’s swings are rippling out to international businesses.

17 Dec 2014 - 10:40am

Banking & Finance

Macau watchdog to meet bankers over dirty-money crackdown

Financial regulators have called top bankers in Macau to a key meeting next month as part of a Beijing-inspired dirty-money crackdown that has rocked the city's casino sector.

18 Dec 2014 - 8:27am
Hong Kong's days of mega IPOs are behind it as deal sizes shrink

Hong Kong's three-year run of growth in the city's listings market will switch into reverse gear next year, reports say, as deal sizes get smaller.

18 Dec 2014 - 6:56am

Commodities

The United States confirmed steep import duties on solar products from mainland China and Taiwan in a decision that may inflame trade tensions between the two countries.

18 Dec 2014 - 9:56am
CGN unit buys stakes in Electricite de France wind farms in UK

A unit of China General Nuclear Power acquired an 80 per cent stake in three Electricite de France wind farms in Britain to tap Europe's renewable-energy market.

17 Dec 2014 - 11:16am

Economy

Service-oriented trade pact further opens Guangdong to Hong Kong firms

Hong Kong firms now have greater access to Guangdong and more freedom to operate there, under a new trade liberalisation agreement expected to pave the way for the development of a free trade zone...

19 Dec 2014 - 1:52am
Closely watching rouble rout, says worried China

In Beijing's first official reaction to the continuing rouble rout, the foreign exchange regulator said it is closely monitoring the situation, while downplaying its impact on the mainland's...

19 Dec 2014 - 1:39am

China Business

Tianma shareholders stump up 6 billion yuan for liquid crystal display expansion

Xiamen Tianma, a liquid crystal display supplier, will receive 6 billion yuan (HK$7.5 billion) from its shareholding companies to build new production lines, Avic International Holdings said on...

18 Dec 2014 - 10:34am

Property

Shenzhen leads rebound in China new home market

The pickup in new home prices firmed last month with an improvement in sales volume, the latest SCMP-Creda index showed, indicating signs of a market recovery following a flurry of policy support...

17 Dec 2014 - 11:57am
Kennedy Town rents set to rise after MTR station opens

Kennedy Town tenants, whose leases are due to be renewed, may need to dig deeper into their pockets next year as the MTR Corp's soon-to-be opened West Island Line will drive up demand and rents in...

17 Dec 2014 - 7:37am
Kennedy Town rents set to rise after MTR station opens

Hong Kong can still serve as a regional logistics hub despite the fast-growing mainland market, according to Philip Pearce, the managing director of Goodman Group's Greater China division.

17 Dec 2014 - 7:37am

 

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