Business Digest, January 15, 2013

Mainland shipping group Cosco is considering investing €1 billion (HK$10.4 billion) for a 60 per cent stake in Greece's largest port, at Piraeus, which is on the government's privatisation agenda, financial daily Imerisia said. Cosco already has an investment in the port, which is 74 per cent state-owned. Reuters

Apple's stock fell after the Nikkei newswire reported the firm cut back its original target of orders for 65 million iPhone 5 displays this quarter by about half on weak demand. Sales are slowing because smartphones have saturated developed markets, where Apple is strongest, said James Cordwell, an analyst at Atlantic Equities Service. Bloomberg