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  1. HK stock market opens new year with bang, but then fizzles

    Posted Feb 08th 2011, 12:00am by May Chan

    ... It was a case of one hop forward, two hops back on the first trading day in the Year of the Rabbit. The benchmark Hang Seng Index yesterday opened with a leap of 73 points to 23,982, but then went into reverse, slumping 355.57 points or 1.5 per cent to cl ...

  2. Binge Trading

    Posted Jul 26th 2009, 12:00am by Charmaine Chan

    ... Charmaine Chan Binge Trading by Seth Freedman Penguin, HK$128 If you've read Geraint Anderson's Cityboy there is little reason to waste time on Binge Trading. Both supposedly give an insider's view of the greed, corruption and substance abuse fuelling the lives of the hypercharged, money-mad traders and bankers who inhabit the City of London. This volume, which ...

  3. Monetary Authority director clarifies minibond deal rules

    Posted Jul 26th 2009, 12:00am by Kobi Chan

    ... Kobi Chan Investors who bought Lehman Brothers minibonds will receive compensation even if they have more than HK$8 million in investments - as long as they have not signed any documents describing themselves as professional investors, the Monetary Authority executive director says. Raymond Li Ling-cheung's comments yesterday came after a number of minibonds buyers raised ...

  4. HSBC adds HK$4b to SME loan fund

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

    ... Carol Chan HSBC Holdings has boosted its loan fund for small and medium-sized enterprises by HK$4 billion, the third increase this year, as loan demand rises with a positive shift in the economic outlook and improved government programmes. The fund size increased to HK$16 billion, following HK$4 billion top-ups in March and June, Hong Kong's largest lender said yesterday. ...

  5. After 20 years, driver reclaims number plate

    Posted Jul 20th 2009, 12:00am by Kobi Chan

    ... Kobi Chan The number 8 is auspicious, its pronunciation in Chinese suggestive of the phrase 'get rich', and it is usually for that reason it attracts most attention at Hong Kong auctions of vehicle number plates. But Colin Kwok just wanted to win back his car plate, lost for more than 20 years. 'BY2218 was my first car plate, which I had between 1979 and 1980,' ...

  6. State firms post 32pc income dip, but upbeat signs emerge

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

    ... Carol Chan Profits at state-owned enterprises slumped more than 30 per cent in the first four months of the year amid the global downturn, but there were signs of improvement last month, figures from the Ministry of Finance showed yesterday. From January to April, state firms, excluding financial institutions, posted a profit of 323.64 billion yuan (HK$367.62 billion), a decline ...

  7. Predictably Irrational

    Posted May 17th 2009, 12:00am by Charmaine Chan

    ... Charmaine Chan Predictably Irrational by Dan Ariely Harper, HK$117 Predictably Irrational, like other books on behavioural economics, sometimes makes points that seem obvious. In the chapter The Power of Price, for instance, Professor Dan Ariely demonstrates how drug users tend to believe pharmaceuticals with higher price tags are more effective than cheaper varieties ...

  8. Smoking edict for officials in Hubei revoked

    Posted May 07th 2009, 12:00am by Kelly Chan

    ... Kelly Chan A county government in Hubei province has revoked an edict requiring government officials to consume 23,000 cartons of locally made cigarettes a year after public criticism when the document was exposed by the media. A government-backed news website, cnhubei.com, revealed on Sunday that Gongan county was requiring officials to smoke a fixed amount of locally made cigarettes ...

  9. Caution to temper launch of steel futures trading

    Posted Jan 05th 2009, 12:00am by Carol Chan

    ... Carol Chan After three years of debate and preparation, trading in the mainland's first steel futures contracts is expected to begin shortly after the Lunar New Year. But steelmakers and steel traders seem cautious towards the new products despite futures contracts being widely regarded as a hedging tool for risk control. 'We'll not participate in the trading of steel ...

  10. Mainland oil giants slide after Goldman review

    Posted Dec 13th 2008, 12:00am by Carol Chan

    ... Carol Chan Shares of Hong Kong-listed mainland oil giants PetroChina, China Petroleum & Chemical Corp (Sinopec) and CNOOC, slumped by more than 10 per cent yesterday after Goldman Sachs cut its average oil price forecast for next year, saying crude may drop to US$30 a barrel in the first quarter, and cut its ratings on some oil stocks. Goldman, which predicted earlier ...




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