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Business Digest, December 4, 2012

PUBLISHED : Tuesday, 04 December, 2012, 12:00am
UPDATED : Tuesday, 04 December, 2012, 3:10am

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HK$8.9m in bonus shares for HKEx chief

Hong Kong Exchanges and Clearing has awarded chief executive Charles Li Xiaojia shares worth HK$8.92 million as a long-term incentive. The HKEx board also approved HK$103.48 million for the purchase of shares to be awarded to other selected employees. Enoch Yiu

 

Greece to spend €10b on bond buy-back

Greece said it would spend €10 billion (HK$101 billion) to buy back bonds at a price range that topped market expectations. A successful buyback is central to the efforts of foreign lenders to put the near-bankrupt country's debt back on a sustainable footing and would clear the way for the funding Athens needs to avoid running out of cash. Reuters

 

Mainland new home prices continue rise

New home prices on the mainland rose for a sixth month as smaller developers marketed more projects amid interest from buyers worried prices will start rising again. Prices rose 0.26 per cent to 8,791 yuan (HK$10,920) per square metre from October, SouFun, the country's biggest property website, said. Bloomberg

 

UBS nears rate-fixing deals with US, Britain

UBS is close to reaching settlements with US and British authorities over the manipulation of interest rates. The Swiss banking giant is expected to pay more than US$450 million to settle claims that some employees reported false rates to increase its profit, according to officials briefed on the matter. NYT