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  • November 25, 2014
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  1. Asset watch

    Posted Dec 31st 2008, 12:00am by Carol Chan

    ... But countries like China and Australia may further cut rates to boost economic growth. STOCK MARKETS The financial markets will continue their metamorphosis during the coming year. Globally, markets ... But at the same time it will not weaken the currency as it may risk capital outflows. US DOLLAR Although the US dollar has wallowed at a 13-year low against the yen, the market expects it should stay ...

  2. HKMEx to launch trade in gold, silver futures

    Posted Jun 23rd 2009, 12:00am by Carol Chan

    ... factors, including the drastic changes in the global financial markets. The application for the licences to run the futures exchange and the launch of gold and silver futures were still in progress, but he was confident the first products could be introduced in the final quarter, judging from the preparatory work. However, market watchers poured cold water on the mercantile ...

  3. Valuation, market mood favour Real Gold

    Posted Feb 10th 2009, 12:00am by Carol Chan

    ... to US$1,000 an ounce from US$700 and the-month target to US$950 from US$785, given the instability of the global financial market and rising sovereign default risk. While Macquarie said in a report ... Carol Chan and Wong Ka-chun relatively low valuation and improved market sentiment likely to help gold producer Real Gold Mining to draw investors for its up to HK$1.03 billion Hong Kong ...

  4. Chinalco keeps vision of mining global resources

    Posted Jun 06th 2009, 12:00am by Carol Chan

    ... was based on commercial reasons, including a recovery in commodity prices and financial markets that had made a Chinalco deal less attractive. 'The financial terms of the Chinalco deal became ... Weiping said the company was 'very disappointed' and had worked hard to keep the deal alive and 'better reflect the changed market background'. Mr Xiong said Chinalco's ...

  5. Exchange Fund set for first yearly loss

    Posted Oct 31st 2008, 12:00am by Carol Chan

    ... to the dramatic decline in global stock prices. Mr Yam said the fund had not been exposed to some of the 'toxic' assets that had caused problems in the markets. 'Our exposure to financial ... to post a loss for the full year for the first time in its history amid the global financial turmoil. Monetary Authority chief executive Joseph Yam Chi-kwong warned yesterday that the HK$1.4 ...

  6. Steel mills warned against accepting index pricing for ore

    Posted Dec 26th 2008, 12:00am by Carol Chan

    ... which would adjust prices on a more regular basis or based on the spot market as well as spot freight rates. As spot iron ore prices are now about 20 per cent cheaper than contract prices, since demand has plunged because of the global economic crisis, some mainland steelmakers have been drawn to the index-based pricing system. Mr Shan said steelmakers could turn to the spot market ...

  7. CVM offer a tough sell in poor market, say analysts

    Posted Nov 21st 2008, 12:00am by Carol Chan

    ... as dividends and extends the subscription period, market watchers say. The company will open its offering to retail investors for 12 days from today until December 8, compared with the usual four ... would not guarantee strong demand as the stock market remained sluggish, said Kenny Tang Sing-hing, the head of research at Redford Asset Management. The Hang Seng Index has plunged 55.78 per ...

  8. China Life warns of 50pc profit fall amid share market slide

    Posted Jan 21st 2009, 12:00am by Carol Chan

    ... were hit by a 65.39 per cent slide in the stock market. Three other mainland companies- Hunan Nonferrous Metals Corp, Angang Steel and Datang International Power Generation- also issued profit warnings amid the global economic slowdown. China Life said the domestic capital market saw substantial declines last year due to the financial crisis. 'This caused the company to have ...

  9. Citic Pacific suspended after shares surge

    Posted Nov 01st 2008, 12:00am by Carol Chan

    ... Ka-Keung said he believed the incident would not affect Hong Kong's reputation as a financial centre. Bucking the market While the Hang Seng Index fell, troubled Citic Pacific's shares ... on currency contracts or take over the contracts itself. 'There were rumours circulating in the market that Citic Group, its state-owned parent, will inject cash to boost Citic Pacific's ...

  10. Ore price volatility ripe for creation of derivatives market

    Posted Jul 07th 2009, 12:00am by Carol Chan

    ... a financial product for investors, Mr Randall said. Indeed, Deutsche Bank and Credit Suisse launched an off-exchange market platform for trade in iron ore swaps a year ago. As this platform slowly ... in buying on the spot market or based on a price index, which has the potential to create a huge derivatives market in the raw material. By the nominal deadline of June 30, the China Steel and Iron ...




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