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  1. Business - Money - TRADING

    Barclays' exit 'won't hit floor trading at LME'

    Posted Nov 24th 2012, 12:00am by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com Barclays' exit 'won't hit floor trading at LME' Barclays' decision to quit floor trading at the London Metal Exchange (LME) only ... outcry system of floor trading would continue because it had proved to be effective and authoritative. The British bank decided on Thursday to downgrade its LME membership to Category 2 to cut ...

  2. Global trade, higher oil prices put Moller-Maersk back in black

    Posted Feb 24th 2011, 12:00am by Keith Wallis

    ... Keith Wallis Recovering global trade and higher oil prices led Moller-Maersk, the Danish shipping, port terminals and oil exploration company, to return to the black last year, reporting a healthy net profit of 28.2 billion kroner (HK$40.5 billion) yesterday. This compared with a 5.5 billion kroner loss in 2009 following the collapse in world trade cause by the global financial ...

  3. Food firm swallowed in trade reforms

    Posted Aug 30th 2004, 12:00am by Mark O'Neill

    ... Mark O'Neill in Shanghai One of China's oldest state trading firms will be taken over by grain giant Cofco as part of reforms of the foreign trade regime. China Cereals, Oils ... The latter, founded in 1949, would continue to operate under its own name, traders said. Cofco is the mainland's biggest grain trading firm, with assets of 46 billion yuan. Its new subsidiary has ...

  4. Mainland official warns of trade war

    Posted Nov 10th 2010, 12:00am by Keith Wallis

    ... Keith Wallis in Guangzhou A senior mainland official has warned against trade protectionism calling unilateral action 'shortsighted and irresponsible'. Xu Zuyuan, vice-minister of the Ministry of Transport, added that trade protectionism would have a 'negative impact on the shipping industry and therefore harm the long-term growth of the economy and trade.' Speaking ...

  5. Monks protest against urn trade on Lantau

    Posted Sep 21st 2010, 12:00am by Joyce Ng

    ... Joyce Ng Monks and nuns living in a cluster of Buddhist monasteries in a beautiful part of Lantau have come together in a rare public protest against a commercial columbarium operator. They say the operator is intruding into and destroying the 'spiri ...

  6. Oasis ruined by urn trade, Buddhists say

    Posted Sep 09th 2010, 12:00am by Joyce Ng

    ... Joyce Ng Monks and nuns living in a cluster of Buddhist monasteries in an idyllic part of Lantau have combined in a rare public protest against a commercial columbarium operator they say is intruding into and destroying the 'spiritual oasis' of ...

  7. Shipper bets on surge in cross-strait trade

    Posted Jul 08th 2010, 12:00am by Denise Tsang

    ... Denise Tsang in Taipei Betting on brisk cross-strait trade, intra-Asia shipping firm T.S. Lines is adding offices in Hong Kong and on the mainland and buying new vessels and containers. ... slice of the ocean freight market after the mainland and Taiwan signed a landmark trade pact last week. The Economic Co-operation Framework Agreement will slash tariffs to zero in two years ...

  8. Neo-China falls 43pc as trading resumes

    Posted Jun 26th 2010, 12:00am by Peggy Sito

    ... Peggy Sito Shares of beleaguered developer Neo-China Land Group plunged 42.83 per cent yesterday when they resumed trading after a hiatus of more than two years. Shanghai Industrial ... which had been suspended from trading since January 22, 2008, said on Thursday night that Shanghai Industrial had paid HK$2.32 a share to acquire a 45.02 per cent stake in the developer through ...

  9. Prudential off to tame start in trading in HK

    Posted May 26th 2010, 12:00am by Naomi Rovnick

    ... Naomi Rovnick British insurance giant Prudential became the latest international company to make a lacklustre trading debut on the Hong Kong stock exchange, throwing the local ... and Mongolian miner SouthGobi Resources in meeting a cool reception from Hong Kong investors. Rusal's shares fell 11 per cent on their first day of trading in Hong Kong in January. SouthGobi has ...

  10. Move to merge air cargo trade of Big 3

    Posted May 25th 2010, 12:00am by Charlotte So

    ... Charlotte So Beijing is pushing Air China, China Eastern Airlines Corp and China Southern Airlines to merge their cargo operations to claw back business in a market that is dominated by foreign carriers. A source familiar with the situation said some head ...




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