Business Digest, January 8, 2013
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 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, 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 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
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