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  • August 28, 2014
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  1. Business - Money

    China shares fall in sharp reversal, Hang Seng slips

    Posted Jan 24th 2013, 05:28pm by Reuters in Hong Kong

    ... Apple suppliers hit by disappointed quarterly revenue results Hong Kong shares slipped for a second-straight day on Thursday, falling further away from chart resistance that had stymied ... profit on recent outperformers, triggering a sharp intra-day reversal that left benchmark indexes vulnerable to further losses in the near term. Weakness in mainland markets dragged on Hong Kong ...

    http://www.scmp.com/business/money/markets-investing/article/1135226/china-shares-fall-sharp-reversal-hang-seng-slips
  2. Business - Companies

    Graft trial adjourns for billionaire Kwok brothers

    Posted Oct 12th 2012, 12:53pm by Reuters in Hong Kong

    ... The billionaire Kwok brothers’ corruption trial was adjourned on Friday until January to allow the prosecution more time to gather evidence in Hong Kong’s highest-profile graft case ... corruption in the government and police. Thomas and Raymond Kwok run Sun Hung Kai Properties, the world’s second-largest property developer by stock-market value. The Kwok family is Hong Kong ...

    http://www.scmp.com/business/companies/article/1059470/hong-kongs-billionaire-kwok-brothers-face-court-graft-charges
  3. Business - Money

    Asian markets slump due to fears over central bank stimulus

    Posted Jun 13th 2013, 05:39pm by Agence France-Presse in Hong Kong

    ... Agence France-Presse in Hong Kong Asian markets dived Thursday, with Tokyo’s Nikkei losing more than six per cent, while the dollar hit 10-week lows against the yen on expectations ... cent since hitting its peak last month, putting it in a bear market. Hong Kong shed 2.19 per cent, or 467.62 points, to end at 20,887.04 while Sydney ended 0.61 per cent lower, giving up 28.7 ...

    http://www.scmp.com/business/money/market-snapshot/article/1260001/asian-markets-slump-due-fears-over-central-bank
  4. Business - Companies

    CK Life Sciences buys top Australian salt producer

    Posted Nov 29th 2012, 03:13pm by Agence France-Presse in Hong Kong

    ... Agence France-Presse in Hong Kong Asia’s richest man Li Ka-shing is buying Australia’s largest salt producer Cheetham Salt in a deal worth US$157 million, a subsidiary of his Cheung Kong ... Kong Life Sciences chief executive officer Kam Hing-lam said in a statement. CK Life Sciences, chaired by Li’s eldest son and heir to his Cheung Kong conglomerate, Victor, is involved ...

    http://www.scmp.com/business/companies/article/1093823/ck-life-sciences-buys-top-australian-salt-producer
  5. Business - Economy - RETAILING

    The not-so-Great Singapore Sale: Mainland shoppers say Hong Kong is better value

    Posted Aug 05th 2014, 03:25am by Bloomberg

    ... Bloomberg in Singapore Mainland Chinese shoppers discover how a strong dollar, labour costs and a sales tax in the city state mean it's cheaper to go to Hong Kong Retailers billed ... from Hangzhou. Visiting the city during the final days of the summer sale season in July, he bought a Loewe handbag for his wife, only to discover he could have paid less in Hong Kong. Behind ...

    http://www.scmp.com/business/economy/article/1566514/mainland-chinese-shoppers-give-singapore-sales-thumbs-down
  6. Business - Economy - LAI SEE

    Former judge says Hong Kong's town planning process is unfair

    Posted Aug 28th 2014, 05:03am by Howard Winn

    ... unacceptable practice of being indecently vague again and again and … the frequent promises to give fuller details later". Waung is also unhappy with the way Hong Kong's town planning process is structured. "The whole town planning process in Hong Kong is a classroom example of inequality of arms, with the developer having the huge resources, with professionals working for long periods ...

    http://www.scmp.com/business/economy/article/1581336/former-judge-says-hong-kongs-town-planning-process-unfair
  7. News - Hong Kong - RETAIL

    Hong Kong retail sales slump by 3.1pc in July as consumers scrimp on luxury

    Posted Aug 28th 2014, 05:54pm by Amy Nip

    ... Amy Nip amy.nip@scmp.com July posts narrower decrease than previous month, but figures have been declining for six straight months The value of retail sales in Hong Kong plunged for the sixth consecutive month in July, dragged down by sluggish consumption of luxury goods including jewellery and watches. Retail sales decreased by 3.1 per cent year on year. It was a narrower ...

    http://www.scmp.com/news/hong-kong/article/1581472/hong-kong-retail-sales-slump-31pc-july-consumers-scrimp-luxury
  8. Business - Economy - COMMENT

    Markets more focused on what Hong Kong could lose than universal suffrage

    Posted Aug 28th 2014, 12:47pm by RICHARD HARRIS

    ... Richard Harris I am often asked “has Hong Kong changed since you have been here?” “Er … yes.” We all know the enormous changes that have occurred since the second world war as conflict, ... and grandparents of most long-term residents of Hong Kong. For many of them, Hong Kong was never the destination, just a transit lounge for the West. It took 50 years for them to turn Hong Kong ...

    http://www.scmp.com/business/economy/article/1581411/markets-more-focused-what-hong-kong-could-lose-universal-suffrage
  9. Business - Companies

    Schwarzenegger will be back in Hong Kong next month

    Posted Aug 27th 2014, 02:18pm by Howard Winn

    ... Howard Winn howard.winn@scmp.com Arnold Schwarzenegger will be back in Hong Kong next month but he won’t be making movies. Stockbroker CLSA has invited him to speak to investors at its ... of a Golden Globe Award for his debut as a dramatic actor in Stay Hungry. Schwarzenegger, who previously visited Hong Kong in 1998 and 2005, has the distinction of being the only actor to be named ...

    http://www.scmp.com/business/companies/article/1581130/schwarzenegger-will-be-back-hong-kong-next-month
  10. Comment - Insight & Opinion - THE VIEW

    Health care could account for almost a third of Hong Kong GDP by end of century

    Posted Aug 26th 2014, 03:19pm by Richard Wong

    ... Richard Wong Rising health-care expenses and income growth could result in the sector accounting for a third of Hong Kong's GDP by the end of the century Counting the cost Four ... They imply that health-care spending will grow rapidly in Hong Kong. In 2011, domestic spending on health care was 5.12 per cent of gross domestic product, of which 49 per cent was in the public ...

    http://www.scmp.com/comment/insight-opinion/article/1580799/health-care-could-account-almost-third-hk-gdp-end-century

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