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  • April 17, 2014
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  1. Li & Fung drops after client files for bankruptcy

    Posted Jun 11th 2009, 12:00am by Denise Tsang

    ... Denise Tsang Shares in trading house Li & Fung sank yesterday after one of its top five customers, German retailer Arcandor, filed for bankruptcy, putting the Hong Kong-based ... and department stores in Germany, filed for bankruptcy yesterday after the government rejected a financial plea, a move Mr Fung said would hit 'hundreds' of Hong Kong manufacturers ...

  2. DBS to repay derivative customers with interest

    Posted Jul 15th 2010, 12:00am by Enoch Yiu

    ... to the credit of Lehman Brothers. They became worthless when Lehman Brothers filed for bankruptcy in September 2008. More than 20,000 customers complained that staff at banks or brokers had misled them ...

  3. A decade of financial and social turmoil

    Posted Jun 22nd 2010, 12:00am by Mukul Munish

    ... for bankruptcy On September 14, Lehman Brothers sent shockwaves through the global financial markets when it filed for bankruptcy in a New York court. The next day, global equity markets collapsed as a result of the bankruptcy of one of the oldest Wall Street banks. The central banks, led by the United States Federal Reserve, rushed to inject tens of billions of US dollars into the money ...

  4. In Brief

    Posted Aug 31st 2010, 12:00am by Staff Reporter

    ... Molester of 15-year-old boy jailed for six months A flight instructor who lured a teenage boy with gadgets and free meals to engage in sex acts with him was jailed for six months yesterday. Yu Ping-chak, 22, was convicted in the District Court of two coun ...

  5. Souls of 'China Titanic' victims finally fly to heaven

    Posted Jun 27th 2010, 12:00am by Mark O'Neill

    ... and its insurance company declared bankruptcy. As the civil war intensified and an iron curtain fell between the two sides, the Taiping became a taboo subject. In 1951, family members of the dead ...

  6. Cash-strapped mainland companies accept 'loan-shark' terms on the road to HK listing

    Posted Jun 28th 2010, 12:00am by Amanda Lee

    ... Amanda Lee At interest rates often exceeding 15 per cent, loans from investment banks and private equity firms are expensive- some even call it 'loan sharking'- but this hasn't deterred cash-strapped mainland companies hungry for a listing ...

  7. Electronic cigarette share sale in doubt

    Posted May 01st 2010, 12:00am by Eric Ng

    ... bankruptcy. The company said earlier this week that Chung Nam Securities, the underwriter of the proposed HK$250 million convertible bond issue, has waived certain preconditions for underwriting ...

  8. Markets in a spin over Goldman case

    Posted Apr 20th 2010, 12:00am by Kevin Rafferty

    ... of 'moral bankruptcy' and ordered a special investigation. Merkel is asking the SEC for information so that Germany can decide whether to take 'legal steps' against Goldman. The now ...

  9. Bank staff arrested over minibonds

    Posted Mar 27th 2010, 12:00am by Clifford Lo, Dennis Eng

    ... bankruptcy triggered the international financial crisis. The commercial crime bureau said yesterday others were still under investigation but did not say how many. A representative of investors who ...

  10. Toxic mercury mines reopen as price soars

    Posted May 23rd 2010, 12:00am by Fox Yi Hu

    ... Fox Yi Hu A surge in the price of mercury has seen rundown mines reopen in China's 'mercury capital'- a hilly region between Guizhou and Hunan- despite the heavy environmental consequences. With Europe and the United States set to ban expor ...




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