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  • November 27, 2014
  • Last updated: 1:40pm
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  1. Chinese trains may soon run on British rails

    Posted Jan 19th 2011, 12:00am by Toh Han Shih

    ... Toh Han Shih in Beijing China is close to selling its first trains to Britain in four deals worth more than GBP500 million (HK$6.17 billion). If successful, they will be the first major purchases of Chinese rolling stock in western Europe and the first time that Chinese trains run on railways in the UK, which introduced the world's first passenger trains in the early 19th ...

  2. MTR refuses to run trailer for film with train crash

    Posted Nov 02nd 2010, 12:00am by Adrian Wan

    ... Adrian Wan The MTR Corp's refusal to run a trailer for a film starring Denzel Washington and Chris Pine that includes scenes of a train crash has angered the distributor, which said the move was 'unfair to creativity'. Twentieth Century Fox Film's Unstoppable, which opens next week, portrays how a rail company stops a train carrying dangerous goods from causing ...

  3. Banks running out of cash as economy soars

    Posted Nov 07th 2010, 12:00am by Staff Reporter

    ... Jane Cai in Beijing The mainland's biggest banks will have a massive need to raise funds in the next couple of years, says a top official with Central Huijin Investment, the major shareholder of state banks. As the economy grew and money deposits exp ...

  4. Cashed-up NZ fugitives stay ahead of law in year on the run

    Posted Aug 15th 2010, 12:00am by John Carney

    ... John Carney Whether they are in Hong Kong, Macau or the mainland, the couple who fled New Zealand with NZ$10 million (HK$55 million) Westpac mistakenly credited to their account are still one step ahead of the law after 14 months on the run. Leo Gao Hui, his girlfriend Kara Hurring, and the couple's seven-year-old daughter Leena disappeared in May last year after a Westpac ...

  5. The Cup runs dry

    Posted Jul 19th 2009, 12:00am by Simon Parry

    ... Simon Parry Next summer, it is likely to be a ubiquitous sight in cities, towns and villages across England; a must-have for tens of thousands of schoolboys, who will tug it on as they sprint excitedly away from their television sets and into back gardens ...

  6. Hummer takeover may run into opposition from Beijing

    Posted Jun 04th 2009, 12:00am by Kandy Wong

    ... Kandy Wong A Chinese takeover of General Motors Corp's Hummer brand, the quintessential United States gas guzzler, is expected to run into opposition from Beijing officials pushing a more green line for the country's vehicle industry. The move by privately owned Sichuan Tengzhong Heavy Industrial Machinery to acquire the rights to the marque has raised concerns it does ...

  7. Casino sued after gamble by NZ pair on run

    Posted May 29th 2009, 12:00am by Staff Reporter

    ... Staff Reporter A New Zealand couple who fled after being wrongly credited with NZ$10 million (HK$47.3 million) by Westpac bank might have spent part of the money at gambling tables in the Wynn Macau. In an attempt to recover the money, the Westpac bank is ...

  8. TCL cautious as more customers run risk gauntlet

    Posted Apr 06th 2009, 12:00am by Toh Han Shih

    ... Toh Han Shih Mainland television maker TCL Multimedia Technology Holdings is taking a cautious strategy during the global financial crisis for fear some of its suppliers, customers and even countries might face bankruptcy. 'We will do a lot of work o ...

  9. BEA given negative outlook after bank run

    Posted Sep 30th 2008, 12:00am by Staff Reporter

    ... Maria Chan Fitch Ratings lowered Bank of East Asia's rating outlook to negative from stable yesterday after the bank suffered a significant run on deposits last week due to rumours ... sound and expected it would still achieve a net profit this year. Fitch said the run came after a string of negative news, including its substantial exposure to and losses on US collateralised ...

  10. HKMA injects HK$3.88b to boost interbank liquidity after bank run

    Posted Sep 26th 2008, 12:00am by Staff Reporter

    ... and a run on the Bank of East Asia. HKMA chief executive Joseph Yam Chi-kwong said the injection, the second by the authority in eight days, was triggered by the continued rise in interbank rates ... branches to withdraw their deposits, the city's first bank run since 1997. After the HKMA infusion, one-month interest rate eased to 3.95 per cent from 4.25 per cent and the three-month rate ...




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