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  1. Richard Li said to be eyeing ING Asia units

    Posted May 30th 2012, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com Telecom tycoon Richard Li Tzar-kai may bid for ING Group's Asia insurance and asset management businesses, according to sources. The giant Dutch financial firm last month announced plans to sell the two units together or separately and has invited firms to submit bids. People familiar with the situation told the South China Morning Post that Li ...

  2. U.S. jobs data lifts markets in Asia

    Posted Aug 07th 2012, 12:00am

    ... The Hang Seng Index may settle above the 20,000-point level in the coming weeks after Friday's US jobs data sent stock markets soaring across Asia yesterday. Hong Kong's ... analysts said the HSI may gain another 300 to 600 points in the coming weeks but added the index would encounter strong selling pressure at those levels. Elsewhere in Asia, stocks rose 1 to 2 per ...

  3. HK takes biggest hit in Asia-wide sell-off

    Posted Nov 11th 2011, 12:00am

    ... was also the worst performing in Asia. The MSCI Asia APEX 50 index slumped 4.7 per cent to close at 748. 09. Mainland banks were heavily sold off yesterday, triggered by Goldman Sachs' ... a percentage point to 6 per cent to boost domestic consumption as the economic woes of Europe and the US threaten demand for exports. Malaysia and South Korea are reviewing their interest rates today, ...

  4. Asia Standard to seize mainland opportunities

    Posted Feb 13th 2008, 12:00am by Staff Reporter

    ... Fulton Mak Hong Kong-based developer Asia Standard International Group plans to increase its investments on the mainland, hoping to tap into opportunities arising from Beijing's ... last year. Two projects in the capital and other projects in Shanghai were under negotiation, he said. To fund future development, Asia Standard is now raising as much as HK$796.4 million ...

  5. PetroChina tackles Sinopec in south

    Posted Feb 15th 2007, 12:00am by Eric Ng

    ... separate large-scale refineries in the economically backward region. The project, PetroChina's first refinery in the south, may signal Beijing's intention to see greater competition ... the industry into PetroChina-led north and Sinopec-controlled south, the two oil titans have yet to make major inroads in each other's territories in the refining sector. The two companies have ...

  6. Former Swire boss joins Allco as Asia growth drive starts

    Posted Mar 08th 2006, 12:00am by Russell Barling

    ... Former Swire taipan David Turnbull has been appointed chairman of Allco Finance (Asia) as its soon-to-be-merged parent company looks to expand its portfolio of transport, property and infrastructure assets in Asia. Mr Turnbull, who resigned as chairman of Swire Pacific and Cathay Pacific Airways in November last year, will be joined on the proposed board of Allco Finance Group by old ...

  7. Malaysian lender wins Asia Commercial Bank

    Posted Feb 16th 2006, 12:00am by Enoch Yiu

    ... to secure Asia Commercial Bank for $4.5 billion in the second-most expensive banking takeover in the history of Hong Kong. The Hong Kong-listed arm of Public Bank, JCG Holdings, plans to pay in cash for the banking unit of Asia Financial Holdings. The offer represents 2.5 times the value of Asia Commercial. The transaction is subject to shareholders' approval. While analysts consider the deal ...

  8. HK stocks follow sell-down in Asia

    Posted Mar 04th 2008, 12:00am by Nick Westra

    ... Nick Westra Hang Seng Index slips 3.07pc as investors take cue from Wall St dive amid bad news Hong Kong stocks joined a rout across Asia yesterday, tracking a sharp drop on Wall Street ... cent, South Korea fell 2.33 per cent and Taiwan lost 1.78 per cent. The Shanghai Composite Index bucked the trend, as investors bet that recent losses had been excessive and newly approved ...

  9. Credit Suisse gives Asia chief top post

    Posted Feb 16th 2007, 12:00am by Staff Reporter

    ... career in the Asia-Pacific region and a CEO of the investment banking division who has done the same, so across the firm there's extensive experience and ties to Asia,' Mr Calello, 46, said in an interview with the South China Morning Post. 'I can't imagine a stronger statement on where Credit Suisse sees future growth opportunities.' The bank, which had lagged ...

  10. Asia funds focus lifts HK stocks

    Posted Oct 03rd 2003, 12:00am by David Robinson

    ... Hang Seng Index hits 16-month high as confidence deepens Global funds reallocating capital to Asia sent Hong Kong stocks soaring yesterday as bullish investors bet on a regional economic ... of the year amid hardening talk of 'reflation' in Asia's bombed-out asset markets. The Hang Seng Index surged 2.81 per cent to a 16-month high of 11,546.12 points on a turnover ...




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