Our editors will be looking ahead today to these developing stories ...
Oscar nominations revealed
The countdown begins to the most anticipated night in the film calendar when the nominations are announced for this year's Oscars. Steven Spielberg's epic political drama Lincoln has been tipped to dominate the shortlists for the top categories. The likes of Les Misérables, Argo, Zero Dark Thirty and Django Unchained are also expected to be among the 10 in the shortlist for best picture.
Watchdog releases latest reports
Hong Kong's government watchdog releases the results of a series of investigations in its latest publication. The Office of the Ombudsman regularly criticises government departments and officials, based on complaints from the public. The latest issue of its regular publication OmbudsNews will cover three complaints, of an unspecified nature.
China's trade figures revealed
The General Administration of Customs reviews the mainland's trade performance last year. Commerce minister Chen Deming has repeatedly warned that the country may miss its 2012 target of 10 per cent growth in trade amid a faltering recovery in the West and a domestic economic downturn. If the trade figures live down to Chen's forecast of just 6 per cent growth, the figures would be the worst since 2009.
Herbalife hits back at Ackman claims
US nutrition giant Herbalife hits back at claims by star investor William Ackman that saw its share price plummet. The Los Angeles-based firm denies Ackman's claim that it relies primarily on pushing products to its recruited sales staff for profits, rather than sales to retail customers and outlets. It will hold a call with analysts to rebut Ackman's argument, which it describes as "a malicious attack on Herbalife's business model, based largely on outdated, distorted and inaccurate information".
Details of health talks revealed
The Ministry of Health briefs the press on the details of its annual national health work conference, held earlier this week. Health Minister Dr Chen Zhu had used the meeting to criticise the cost of health care, which he said was still too expensive on the mainland despite almost four years of reform. Premier-in-waiting Li Keqiang has also said in recent days that more financial support is needed for medical reform.
Snakes in town for Lunar New Year
Lovers of all things slithery can get into gear for the Year of the Snake when the Metroplaza shopping mall in Kwai Fong hosts its Precious Snakes Display. The star attraction will be a banana ball python - considered a "holy grail" among collectors - worth some HK$600,000. It is displayed in Hong Kong for the first time, ahead of the new lunar year next month.