Business Digest, January 8, 2013

PUBLISHED : Tuesday, 08 January, 2013, 12:00am
UPDATED : Tuesday, 08 January, 2013, 4:21am

CIC eyes Daimler stake, People's Daily reports

China's sovereign wealth fund is considering buying a 4 per cent to 10 per cent stake in German carmaker Daimler, the website of the official People's Daily newspaper said at the weekend. The potential purchase comes as China Investment Corp seeks bargains in Europe's weak economy, the website said, citing unnamed sources. AFP


BYD cleared to sell electric buses in EU

BYD, the Shenzhen-based carmaker backed by billionaire investor Warren Buffett, said it had gained official permission to sell its electric buses in all European Union member states, just weeks after the firm announced a plan to build electric buses in Bulgaria with a local partner. Reuters


Cathay, Dragonair bundle airline tickets

Cathay Pacific Airways and its subsidiary Dragonair are offering bundled sales of long-haul and short-haul tickets across the board until January 23, a tactic the firm used to boost demand in October 2008. For example, buying one premium long-haul economy ticket and one short-haul economy ticket together can cost as little as HK$9,880. Charlotte So


HKMA to issue more Exchange Fund bills

The Hong Kong Monetary Authority will issue an additional HK$21 billion in Exchange Fund bills this month to help banks manage liquidity. Three-month bills to be tendered on January 15, 22 and 29 will be increased to HK$15 billion, it said yesterday. Six-month bills will be expanded by HK$6 billion. Reuters