China's outbound investment is set to rise in the coming years, with its size in the next five to ten years expected to match the foreign direct investment the nation attracts, said Commerce Minister Chen Deming.Thursday, 29 November, 2012, 3:46am
While regulators in Taiwan are set to review the sale of Next Media's print and television business on the island to a group of tycoons, publishing mogul Jimmy Lai Chee-ying is just glad the deal allows his company to move on.
"We're looking forward to the future," said Lai's assistant, Mark Simon. "We think they (the Taiwanese tycoons) are good buyers and we wish them luck."29 Nov 2012 - 9:34am
CIMB Group is keen to use its recent acquisition of some Asian assets from Royal Bank of Scotland (RBS) to help it expand rapidly outside its home market, focusing on Southeast Asia and China.27 Nov 2012 - 3:14am
Once in a while, I meet someone who turns my long-held beliefs on their head. Dr Stephen Krashen is one of these people.25 Nov 2012 - 11:01am
Barclays' decision to quit floor trading at the London Metal Exchange (LME) only reflects the state of the bank and is unrelated to the bourse's acquisition by Hong Kong Exchanges and Clearing, according to HKEx chairman Chow Chung-kong.
Chow said the long-standing open outcry system of floor trading would continue because it had proved to be effective and authoritative.24 Nov 2012 - 3:59am
China Unicom (Hong Kong), which operates the country's second-largest wireless network, has agreed to pay 12.17 billion yuan (HK$15 billion) in cash to buy its parent company's fixed-line infrastructure on the mainland.22 Nov 2012 - 3:59am
China Resources Gas, a mainland gas distributor, raised HK$2.77 billion in a share placement yesterday after its shares hit a record high.21 Nov 2012 - 1:56am
The HK$4.7 billion deal for the sale of publishing tycoon Jimmy Lai Chee-ying's Next Media holdings in Taiwan was put on hold yesterday, hours before it was supposed to have been sealed.18 Nov 2012 - 4:44am 1 comment
Media tycoon Jimmy Lai Chee-ying is expected to close the NT$17.5 billion (HK$4.7 billion) deal to sell Next Media's print and TV holdings in Taiwan as planned this Saturday, following efforts by the buyers to comply with regulatory restrictions.15 Nov 2012 - 6:55am
Securities firm Keefe Bruyette & Woods is in the process of closing its operations in Hong Kong and Tokyo to focus on core businesses in the US and Europe, following its acquisition by Stifel Financials.
The shutdown is expected to result in about 20 job losses and cost about US$4 million, mostly in severance payouts.10 Nov 2012 - 5:04am