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Briefs, December 6, 2012

PUBLISHED : Thursday, 06 December, 2012, 12:00am
UPDATED : Thursday, 06 December, 2012, 3:16am

250b yuan in daily trading on HK system

More firms are using the yuan to settle cross-border trades, bankers at the London-Hong Kong Renminbi Forum said. Average daily trading volume on Hong Kong's real time gross settlement system, which serves the global yuan market, has hit 250 billion yuan (HK$311 billion), they said. In June, it was about 150 billion to 200 billion yuan. Enoch Yiu, Reuters

 

Pacnet to build data centre in Tianjin

Pacnet, operator of Asia's largest privately owned submarine cable network, signed a deal yesterday to build a 450 million yuan data centre in Tianjin. Hong Kong-based Pacnet is co-developing the project with the district government and will start construction next year. It expects the facility to become one of its largest data centres when it is completed in early 2014. Bien Perez

 

China Southern to buy 10 Airbus planes

China Southern Airlines agreed to buy 10 Airbus A330s, the second order the plane maker won from the mainland in less than a month after the European Union backed down in a dispute with Beijing over airline emission levies. Airbus would deliver the jets starting in 2014, China Southern said. Bloomberg

 

China to have 1,500 Starbucks shops in 2015

Starbucks, the world's largest operator of coffee shops, plans to open 3,000 outlets in the Americas region by 2017, at least half in the United States. The Seattle-based firm said China was projected to become its largest market outside the US in 2014 and was on track to have 1,500 outlets in 70 cities in 2015. The China and Asia-Pacific region will have about 4,000 outlets by the end of next year. Bloomberg

 

Apple iTunes gift cards on sale at 7-Eleven

Apple is targeting Christmas shoppers in Hong Kong with gift cards for its online iTunes Store that go on sale from tomorrow at 7-Eleven's more than 920 stores in the city and other selected retailers. The cards - available in HK$200, HK$500 and HK$1,000 denominations - can be used by local iTunes account holders to buy music, videos and movies online. Bien Perez

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