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  1. Li & Fung targets doubling of US onshore business

    Posted May 14th 2009, 12:00am by Staff Reporter

    ... revenue from the onshore business to US$3 billion by the end of next year from US$1.5 billion. Sales from the US, its biggest market, accounted for 62 per cent of the sourcing giant's turnover of HK$110 billion last year. The company has already acquired several businesses in the US. In July last year, it bought handbag importer Van Zeeland for HK$2.57 billion and in April ...

  2. US business seen as lender's ball and chain

    Posted Mar 03rd 2009, 12:00am by Naomi Rovnick

    ... by the US business.' London share dealers Blue Index said HSBC, which fell 7 per cent in the two weeks to yesterday, was the most shorted stock in the Hang Seng Index in the past fortnight. Ben ... Naomi Rovnick HSBC Holdings tried to portray its US$17.8 billion cash call yesterday as a case of an already strong bank getting stronger, but critics see the move as a sign ...

  3. Dream jobs

    Posted Jan 02nd 2009, 12:00am by Jennifer Cardenas

    ... Jennifer Cardenas No request is too difficult for the Asia Pacific chief executive of Quintessentially. OUR 24-HOUR concierge service remains the core of our business. Requests range from ... in Lapland). Then there are the ones that are set to test us. A date with Angelina Jolie? Done. But that will be US$100,000 to her charity of choice. Beyond this, we also provide members with insider ...

  4. China, US sign US$10.6b deals

    Posted Apr 29th 2009, 12:00am by Denise Tsang

    ... Denise Tsang A Ministry of Commerce delegation sent to the United States to press for an end to protectionism in bilateral trade came away with 32 contracts worth US$10.6 billion. In a meeting with newly appointed Commerce Secretary Gary Locke in Washington, Commerce Minister Chen Deming urged the US to resist protectionism, which the mainland leader said had seriously tested ...

  5. Strong server business bright spot for Lenovo

    Posted Jun 09th 2009, 12:00am by Staff Reporter

    ... is in the US$500,000 or more bracket. Lenovo chief executive Yang Yuanqing said: 'We have taken decisive actions in response to the economic downturn to align our overall business with the changing ... with a US$140 million profit for the same period a year earlier. Mr Yang said that Lenovo would 'accelerate the return of our worldwide commercial business to profitability'. ...

  6. Beijing bid to expand HK's yuan business

    Posted May 04th 2009, 12:00am by Cary Huang

    ... Cary Huang in Beijing The central government is considering a proposal to allow Hong Kong to expand its yuan business related to the mainland's financial help to developing countries, ... to extend financial aid to developing countries in yuan, instead of the usual practice of doing so in US dollars But the programme limits the use of aid by beneficiary nations as the yuan, which ...

  7. SMIC expects more business next quarter

    Posted May 30th 2009, 12:00am by Staff Reporter

    ... Frederick Yeung Semiconductor Manufacturing International Corp (SMIC), the mainland's biggest contract maker of chips, has seen a rebound in business this quarter and, with a strong ... underlying our concern about inventory correction,' Mr Hsu said. SMIC's revenue fell 46.2 per cent to US$146.5 million in the first quarter from the previous three months owing to a 47.8 ...

  8. Beijing's paranoia doesn't inspire business confidence

    Posted Jun 08th 2009, 12:00am by Tom Plate

    ... Tom Plate China has been raising its eyebrows (and sometimes mouthing blunt questions) over the safety of its mountainous portfolio in US government Treasury investments. ... the Chinese for worrying. Past undulations of the American economy have given even US officials that sinking feeling. And who knows what's in store for the future? Once upon a time, holdings ...

  9. Big-spending hotel chief offers a friendly welcome to cost-cutting business travellers

    Posted Apr 08th 2009, 12:00am by Andrew Sun, Vivian Chen

    ... 'The economic downturn has affected our business in many ways but, on the bright side, some business travellers who have had their travel budgets cut have come to us instead of staying at the five-star hotels... The kitchen cost us a few millions and we have a number of VIP suites with their own washroom and big-screen TVs. We think this will upgrade our [four-star] hotel's ...

  10. Newspapers still seek new business model

    Posted Aug 15th 2009, 12:00am by Gwynne Dyer

    ... in running a newspaper is the journalists. Few newspapers in the US employ even half as many journalists as they did 15 years ago. Yet news-gathering remains a highly labour-intensive business ... American newspapers were already in a very vulnerable position, and now many are at death's door. I'm getting used to lawyers' letters from US dailies explaining they are now ...




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