Henry Tang's wine goes under the hammer
Henry Tang Ying-yen says goodbye to part of his vast wine collection at a Christie's sale expected to fetch some HK$29 million. Wine expert Keith Wong Wing-kit said the lots included some of the rarest and most valuable wines in the world. Tang's love of wine has become an issue in his political career - when as financial secretary he cut duty on wine, and when the discovery of a huge, unauthorised basement at his home, containing a wine cellar, derailed his bid to be chief executive last year.
Bank chiefs testify on 'London Whale'
Current and former top executives from Wall Street high-flyer JPMorgan Chase testify before a US Senate panel about the so-called "London Whale", the rogue trader blamed for a trading loss of more than US$6 billion. The "Whale", Bruno Iksil, accumulated a number of trades in 2010 that were illiquid and increased the risk of the trades to the bank. Bank chief Jamie Dimon saw his bonus slashed by half after the debacle.
Ministers discuss Cypriot bailout
The 17 euro-zone finance ministers meet in Brussels to discuss how to bail out Cyprus, which asked for help last June. Its bailout is expected to be worth as much as €10 billion (HK$100.8 billion). But the possibility of financial help for the island has alarmed some in Europe because it is considered a hub for Russian money laundering. There are also concerns in Germany about whether the island will ever be able to repay the debt.
Champions League clubs learn fate
The elite of European soccer have the scent of glory, with just eight teams left in contention for the Champions League. The ties for the quarter finals of club soccer's most prestigious competition are drawn in Zurich, with clubs from Spain dominating the line-up. For the first time in 17 years, there is no English representation at this stage of the competition.
Italian parliament resumes amid uncertainty
Italians turn their attention from the Vatican to the parliament in Rome, which meets for the first time since closely fought elections last month. The centre-left coalition led by Pier Luigi Bersani won control of the lower house, but not the Senate. It has since made repeated overtures to the anti-establishment 5-Star Movement for support in the Senate, all of which have been rejected.
Victoria Park blooms for flower show
Victoria Park takes on an especially colourful hue as the annual Hong Kong Flower Show begins. This year's show presents the dendrobium, a genus of orchid, as its featured flower, and the theme is "Kaleidoscope of Spring". The show, which runs for 10 days, comprises a rich profusion of exquisite potted plants, beautiful floral arrangements and gorgeous landscape displays by local, mainland and overseas organisations.