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  • April 23, 2014
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  1. EU aviation talks with US set tone for open-skies deals

    Posted Jul 24th 2003, 12:00am by Annette Chiu

    ... find common ground to help steer some countries away from their protectionist policies. 'It is important for the EU and the US to reach a real open-skies deal achieved on a common base,' Mr Weber said yesterday. Late last month, the EU and the US announced they would launch their inaugural round of air-service negotiations in early autumn after the European Commission ...

  2. Crisis-hit UBS to sponsor HK Open for two more years

    Posted May 12th 2010, 12:00am by Alvin Sallay

    ... Alvin Sallay Swiss financial giant UBS will continue as title sponsor of the Hong Kong Open for two more years. The November 18-21 tournament will feature the same amount of prize money- US$2.5 million- as last year. After 'intense negotiations', UBS, which declined to renew a four-year sponsorship deal last year, has changed its mind and decided to support Hong ...

  3. Rackspace opens HK base for mainland push

    Posted Sep 09th 2008, 12:00am by Sherman So

    ... Sherman So Rackspace Hosting, the world's largest information technology hosting company, has opened its Asian headquarters and data centre in Hong Kong with the aim of building ... last year. The company plans to invest more than US$20 million in the facilities. Its data centre in Fo Tan initially will cover 9,500 gross square feet and will be expandable to about 18,000 ...

  4. Major push creates openings

    Posted Feb 07th 2009, 12:00am by Jonathan Powell

    ... professionals with leadership skills as it transfers its know-how into the mainland. The logistics market is huge on the mainland and Ceva, on annual capital spending of US$15 million, is expanding its ... to the mainland, we would assess our existing resources and decide what is required,' Mr Jing said. The opening of the hub in September last year, with direct airside access, will enable more ...

  5. Hermit state open for business

    Posted Apr 10th 2005, 12:00am by Andrew Salmon

    ... Japan, Thailand, India and Russia. Data from last year is not yet available. And the Korea International Trade Association reported that trade with China last year reached a record US ... people now can be rewarded for initiative- they never were before.' Visitors to Pyongyang report a burgeoning bar and restaurant scene. Last year a goat-meat-restaurant franchise opened ...

  6. Beijing opens markets to insurers

    Posted Oct 26th 2004, 12:00am by Staff Reporter

    ... we can do that now,' Mr Zhou said. 'Being able to invest in stocks directly just gives us additional options.' He said insurance investments in the stock market were likely to fall well below 5 per cent because of concerns about the volatility of stocks and the difficulty of matching their risk with insurance liabilities. Metropolitan Life in the US has about 5 per ...

  7. Opening gains fade into tepid, uncertain session

    Posted Mar 08th 2005, 12:00am by Staff Reporter

    ... Sidney Luk Confusion over Tung's departure and interest-rate worries undermine early cheer sparked by strong US data Hong Kong stocks staged a slight recovery yesterday after last ... opened 141.84 points ahead but lost most of those gains over the session and closed the day up 41.17 points or 0.3 per cent at 13,771.95. The index dropped 426.31 points or 3.01 per cent last ...

  8. Hutchison opens road show with funding pledge

    Posted Sep 21st 2004, 12:00am by Staff Reporter

    ... Hui Yuk-min Conglomerate promises to invest up to US$1 billion in the spun-off unit if it needs fresh funds for future expansion Hutchison Whampoa may be able to book as much as HK$4 ... yesterday, Hutchison group finance director Frank Sixt said that the conglomerate had guaranteed HTIL it would inject up to US$1 billion into the 2G operator if it needed fresh capital for future ...

  9. Opening up of Taiwan cable-TV sector expected to lure big bucks

    Posted Jul 02nd 2003, 12:00am by Staff Reporter

    ... The government has proposed easing restrictions for direct foreign investors Deregulation of Taiwan's cable-television industry will attract investment of US$200 million to $400 ... Subscribers are offered packages of more than 70 channels at a fixed rate of no more than NT$600 (HK$135) per month as regulated by the GIO. Average revenue per user has been flat at US$16 over ...

  10. Goldman 'donation' opens door to market

    Posted Aug 16th 2004, 12:00am by Mark O'Neill

    ... Mark O'Neill in Shanghai US$62m paid to bail out brokerage earned goodwill for bank's joint venture Bankers are calling Goldman Sachs' US$62 million 'donation' ... its competitors. Is this... open competition? 'We wonder about the identity of the clients who will receive the money. The strong suspicion is that they are not shopkeepers ...




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