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  • October 24, 2014
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  1. Dubai World's troubles rattle financial giants

    Posted Nov 28th 2009, 12:00am by Staff Reporter

    ... of the board of Dubai International Financial Centre Authority, said the Dubai World case should be viewed in isolation as a corporate restructuring rather than a government restructuring. 'There ... Maria Chan Financial stocks fell sharply yesterday, led by HSBC Holdings and Standard Chartered, on concern that banks may be hurt by Dubai World's plan to delay its debt repayment. ...

  2. Nervous banks squeeze yoga centres' funds

    Posted Jan 17th 2011, 12:00am by Amy Nip

    ... Amy Nip When Dickson Lau Wan-shun heard that the Living Yoga centre had shut its doors a week ago, the industry veteran was not happy that yet another competitor had gone under. Lau, the founding chairman of the Hong Kong Yoga Association, was worried about what lay in store for his own yoga centre- in the way of tougher conditions set by banks. A series of closures in recent ...

  3. Clothing industry gets ready for a refit

    Posted Sep 20th 2010, 12:00am by Staff Reporter

    ... financial crisis, yet is refitting for new trading opportunities on the mainland and the booming economies of Asia. Thanks to the new partnership between Messe Frankfurt and the Amsterdam-based ... chain will gather at the Hong Kong Convention and Exhibition Centre to explore the latest developments in their sector. Held in different cities every year, the convention is a tremendous ...

  4. Office rental slump reported in Admiralty

    Posted Oct 10th 2008, 12:00am by Yvonne Liu

    ... Yvonne Liu Rents for top-grade offices in some parts of Hong Kong have been cut by up to 20 per cent as the global financial crisis hits landlords in the city's commercial heartland. ... cent. Mr Chan said the average rent being sought for vacant offices in the Lippo Centre, a grade A office building in Admiralty, last month was HK$50 per sq ft but it had since dropped to HK$45. ...

  5. 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 ... amid the global financial crisis, Hong Kong's lack of optimal market rescue procedures brought provisional supervision back into focus as part of the revised Companies Ordinance. ...

  6. British financial adviser sent to jail for cheating CityU professor

    Posted Dec 11th 2009, 12:00am by Staff Reporter

    ... Loretta Fong A British financial adviser was jailed for 21 months yesterday for cheating a City University professor, after she invested his money in a fund without his permission and lied ... of trust between a financial adviser and her client. He noted that not only had Cousins showed Miller the portfolios of other clients, she had also used false documents and letters ...

  7. All in a good cause as financial world's fists of fury get ready to duke it out

    Posted Oct 29th 2009, 12:00am by Andrew Sun, Vivian Chen

    ... with Andrew Sun. Additional reporting by Clara Mak and Vivian Chen It's round three for the Hedge Fund Fight Nights. The third series of finance alpha males engaging in pugilistic bouts while raising money for Operation Smile and Operation Breakthrou ...

  8. Financial chaos leads ING back to the basics

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

    ... 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 ... expenses including the Formula One sponsorship. Mr Van der Noordaa believes this cautious approach will prepare ING for the worst and help it endure the most serious financial crisis in a century. ...

  9. More parents seek ESF financial help

    Posted Feb 19th 2009, 12:00am by Amy Nip

    ... Amy Nip An increasing number of parents with students enrolled with the English Schools Foundation are applying for financial assistance amid the economic downturn. The ESF received 40 applications for financial help in the six months to January, compared with 50 applications throughout the whole of the last academic year. The hardship fund helps students facing financial ...

  10. SPCA fund-raising hit by financial crisis

    Posted Feb 03rd 2009, 12:00am by Staff Reporter

    ... Tiffany Lam The fund-raising efforts of the Society for the Prevention of Cruelty to Animals have been hit by the global financial crisis and it says it must become more creative if its ... in the previous year. Meanwhile, animal-adoption rates had risen slightly during the financial crisis, partially offsetting an increase in abandonment due to the tougher times, the SPCA said. While ...




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