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  1. Esprit dives as worries increase over euro bonds

    Posted May 21st 2010, 12:00am by Charlotte So

    ... Charlotte So Shares of Esprit Holdings, the casual-wear retailer, have plunged 18.8 per cent this month as fears over the euro bond crisis mounted and the depreciation of the euro hurt ... said it could switch its sourcing to the euro zone to offset the impact of the depreciation. But that would not happen until the second quarter of next year, a Bank of America Merrill Lynch ...

  2. Richard Li's big Bulgarian venture flounders

    Posted Jun 11th 2010, 12:00am by Naomi Rovnick

    ... Naomi Rovnick Richard Li Tzar-kai is in crisis talks with lenders and the Bulgarian government over Vivacom, the East European country's dominant telecoms provider and one of the PCCW boss' big private investments. Vivacom, which has Euro1.63 billion (HK$15.4 billion) of debt, may breach its loan agreements on June 30 because its profits are deemed insufficient compared ...

  3. Financial chaos leads ING back to the basics

    Posted Mar 09th 2009, 12:00am by Enoch Yiu

    ... the group can successfully survive the crisis. That is partly because of a deal made with the Dutch government under which ING will receive Euro10 billion in government guaranteed bonds, in addition ... amid the global financial crisis. It has just announced it will stop sponsoring the Formula One racing championships at the end of this year's season. The cost cutting and back-to-basics ...

  4. Euro-Asia secures $30m offer as deadline looms

    Posted Nov 13th 2003, 12:00am by Ben Kwok

    ... according to a source familiar with the liquidation. A suitor for Euro-Asia Agriculture (Holdings), which has been suspended from trading for more than 13 months, could be announced as soon ... be enough to settle half of the $60 million Euro-Asia owes its principal bank creditors in Hong Kong- BOC Hong Kong (Holdings) subsidiary Chiyu Banking Corp and HSH Nordbank of Germany, which may ...

  5. Nuclear crisis puts HK energy goals in doubt

    Posted Mar 19th 2011, 12:00am by Staff Reporter

    ... Cheung Chi-fai Hong Kong will consider the implications of the Fukushima nuclear crisis and its impact on the nuclear industry before deciding whether to harness more nuclear energy from the mainland, environment officials say. The unfolding crisis has led a number of nations to review the role and safety of nuclear power, with China ordering safety checks at all existing plants ...

  6. Yellow River economic zone set for approval

    Posted Jul 15th 2009, 12:00am by Eric Ng

    ... Cindy Shi and Eric Ng The State Council may approve a plan as early as next month to turn 26,000 square kilometres of land covering six cities in Shandong province into a 'Yellow River Delta economic development region', according to officials o ...

  7. Crest of a weave

    Posted Feb 23rd 2011, 12:00am by Jing Zhang

    ... dropped briefly from Euro871 million (HK$9.27 billion) in 2008 to about Euro800 million in 2009 as the crisis struck. 'Now we are back,' Zegna says of their recovery. 'Confirmed sales revenue [for 2010] was Euro957 million, and we predict that 2011 will be another decent year... provided that Greater China keeps growing the way that it has been.' Indeed, Zegna sees ...

  8. Insolvency law back on the agenda after financial crisis

    Posted Apr 21st 2010, 12:00am by Kate Watson

    ... in Hong Kong. Such a law was proposed in 2000 and again in 2003, but was not enacted by the Legislative Council. Hong Kong had just gone through economic downturns- the Asian financial crisis and the period during the severe acute respiratory syndrome epidemic. But as the economy recovered after each crisis, the sense of urgency behind having a restructuring law quickly faded. A year ago, ...

  9. Fortis ends deal to sell?2.15b stake to Ping An

    Posted Oct 02nd 2008, 12:00am by Enoch Yiu

    ... and Spain's Banco Santander to buy ABN Amro Holding for Euro72 billion, just as the subprime mortgage crisis began. Fortis said it would sell ABN Amro's private banking and Dutch consumer banking ... Enoch Yiu Fortis, the European financial group rescued by the governments of Belgium, the Netherlands and Luxembourg, is scrapping the Euro2.15 billion (HK$23.8 billion) sale of half ...

  10. Online entrepreneurs try to trade their way out of economic crisis

    Posted Aug 01st 2009, 12:00am by Staff Reporter

    ... to his old job. The 37-year-old was a sales manager at a company in Jiangsu until it collapsed in November as the global economic crisis hit the mainland with full force Cashing on his experience ...




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