Growth in China’s increasingly important services sector expanded at its slowest pace in five months in February, reinforcing the view that the recovery in the world’s second-largest economy...
- Sun
- Mar 3, 2013
- Updated: 8:58pm
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CNOOC's purchase of Nexen includes about 200 deep-water leases in the Gulf. The company surrendered operating control of them to quell US national security concerns.
The State Council on Friday released guidelines instructing local governments to strictly follow policies introduced to cool the mainland's housing market.
Bad loans at mainland banks increased for a fifth straight quarter at the end of last year, and analysts expect a further deterioration in asset quality this year.
BANKING & FINANCE
Bad loans at mainland banks increased for a fifth straight quarter at the end of last year, and analysts expect a further deterioration in asset quality this year.
ECONOMY
Growth in China’s increasingly important services sector expanded at its slowest pace in five months in February, reinforcing the view that the recovery in the world’s second-largest economy...
MONEY
Perpetual bonds have become a popular investment among private investors. In this yield-hungry environment, investors have been enticed by the headline coupons offered by perpetual bonds.
COMPANIES
The Hong Kong-based company, whose major shareholders are Citic Pacific and General Electric, plans to use the funds for the construction and launch of two new satellites, AsiaSat 6 and AsiaSat 8...
Growth in China’s increasingly important services sector expanded at its slowest pace in five months in February, reinforcing the view that the recovery in the world’s second-largest economy...
COMMODITIES
CNOOC's purchase of Nexen includes about 200 deep-water leases in the Gulf. The company surrendered operating control of them to quell US national security concerns.
Money
Happy days are here again for equity investors. That's the message from a growing number of folk in the investment business, and they are putting their money where their mouths are.
Everyone knows Hong Kong is an expensive town. But you might be surprised by the total costs for even generic expenditure, such as owning a dog. The cost of owning a car or raising a child takes...
The market for Chinese antique export silver is having a dramatic reversal of fortune. Export silver, as the name suggests, originally catered to a Western audience, and included royalty and...
STOCK TALK
01Mar
Asian markets were lower on Friday as traders took a breather after healthy gains in the previous session while Chinese data showed growth in manufacturing activity had slowed.
MARKETS & INVESTING
Asian markets were lower on Friday as traders took a breather after healthy gains in the previous session while Chinese data showed growth in manufacturing activity had slowed.
SPENDING
Whether you're constantly moving flats due to soaring rent or you've finally coughed up your life savings on that perfect property, outfitting with suitable furniture is tricky. Ikea and Pricerite...
Wealth
It had to happen. Chateau Lafite, the Bordeaux worshipped by mainland Chinese wine collectors, has finally fallen from grace. Top wines plummeted in value by 12 per cent over the 12 months to...
It made me smile last November when Patrick Odier, group chairman of the Swiss Bankers Association, observed that “we have an image problem.” Understatement of the century.
It was good to finally meet style icon, columnist and media entrepreneur Tyler Brûlé. It was very un-Hong Kong - a Saturday afternoon walkie-talkie, mingling with the Canadian for drinks and eats...
It’s not looking good for Asia’s retirees, according to HSBC. They face eight years of hardship after their savings run out, according to the bank’s Future of Retirement Survey 2013. And many...
Just when you think you’ve thought of everything you might ever want, someone thinks of something really expensive and pointless that you really don’t need. This of course makes it a must-have for...
Companies
Net income surged to 2.48 billion ringgit (HK$6.21 billion) for the three months ended December 31, from 772.9 million ringgit a year earlier. Revenue dropped 7 per cent to 4.49 billion ringgit....
Citic Pacific saw its share price drop 5.5 per cent yesterday after analysts slashed profit estimates, following disappointing annual results and amid concerns that the company's Australian iron...
Panasonic named the first female board member in its 95-year history while trimming the executive ranks as the electronics company tries to lower costs and speed up decision-making after a record...
Macau casinos took in 27.08 billion patacas in gross gaming revenue last month, up 11.5 per cent year on year as the week-long Lunar New Year holiday on the mainland saw the arrival of large...
Banking & Finance
Bank customers with yuan deposits in Hong Kong will not be getting higher interest on those deposits although Bank of China (Hong Kong) has raised the interest rate it offers on yuan that those...
Commodities
Brazil’s government said it is seeking Chinese help to finish work on two oil refineries, a sign of strengthening ties between the emerging powers as well as financial troubles at state-run oil...
The contentious US$15.1 billion takeover of Canadian oil and gas company Nexen by Chinese state-owned entity CNOOC closed on Monday, more than seven months after China’s largest-ever foreign...
Economy
Investment banking, after five long, hard years of negative or anaemic growth, job cuts, pay cuts and public lashings, is on the verge of a comeback. Really, it is - if the data can be believed....
China Business
China’s factory growth cooled to multi-month lows in February as domestic demand dipped, weighing on firms already hit by slack foreign sales and underlining the patchiness of the country’s...
Property
China could increase required downpayments and loan rates for buyers of second homes in cities where prices are rising too quickly, the State Council said on Friday in the central government’s...
Video
- Hong Kong Why middle class benefits little from budget relief Financial Secretary John Tsang Chun-wah delivered his sixth budget speech on February 27, 2013, in which he unveiled HK$33 billion worth of relief measures and forecasted a surplus of about HK$64.9...
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- Hong Kong Budget sweeteners no real relief to the working poor Financial Secretary John Tsang Chun-wah delivered his sixth budget speech on February 27, 2013, in which he unveiled HK$33 billion worth of relief measures. For those living in public housing, the...
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- World South African police 'dragged man behind vehicle' South Africa's police watchdog is investigating the death of a Mozambican man who died in custody after being dragged behind a police vehicle.
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- Beauty Pampered pets in Singapore From boat cruises and spas to their own obituary section in the leading newspaper, pets are pampered in a big way in Singapore, a city-state with one of Asia's highest standards of living.
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