Company Competitor

At the peak of the business cycle, the only way is down

Few industries are as cyclical as the container shipping sector, and China Cosco is coming to market at the very top of its business cycle.

Wednesday, 15 June, 2005, 12:00am

Borrowing for Bocom's offer sparks rise in rates

Demand for margin financing pushes HK interbank rate to a one-year high

Interest in Bank of Communications' (Bocom) initial public offering keeps growing. On the second day of the retail offer, demand for margin financing pushed the one-week Hong Kong interbank rate to a one-year high of 3.6 per cent.

15 Jun 2005 - 12:00am

BUSINESS DIGEST

Developers invited to western project tender

The Urban Renewal Authority has invited 14 developers to submit tenders for a 1,000-unit project in Sai Ying Pun in Western.

14 Jun 2005 - 12:00am

An Apple is still an Apple - even with its core removed

Of all the responses to last week's announcement that Apple will switch from using IBM-made PowerPC chips to Intel processors, the one from tech commentator Robert Cringely was certainly the most provocative. He thinks the deal is an attempt by Intel to fight Microsoft, ultimately by buying Apple.

14 Jun 2005 - 12:00am

CCB granted 15.4b yuan in tax relief

Special one-off dispensation spares bank from sharp rise in liabilities as it prepares for HK listing

China Construction Bank (CCB) received preferential treatment from the central government in the form of a 15.47 billion yuan tax cut last year to help boost its capital base, the lender's annual report reveals.

13 Jun 2005 - 12:00am

An Apple is still an Apple - even with its core removed

Of all the responses to last week's announcement that Apple will switch from using IBM-made PowerPC chips to Intel processors, the one from tech commentator Robert Cringely was certainly the most provocative. He thinks the deal is an attempt by Intel to fight Microsoft, ultimately by buying Apple.

13 Jun 2005 - 12:00am

Faldo extends series drive to Asia

In a an effort to find Asia's next crop of golfing stars, six-time major champion Nick Faldo is bringing his highly acclaimed youth development programme - the Faldo Series - to the region.

12 Jun 2005 - 12:00am

BOC seeks bank bids for its IPO

China's second-largest commercial bank has asked major international investment banks to compete for mandates to underwrite a proposed multibillion US dollar initial public offering in Hong Kong.

10 Jun 2005 - 12:00am

Trade subdued in cautious wait for Greenspan

Hong Kong blue chips finished virtually flat yesterday, with investors taking profits as the Hang Seng Index neared the psychologically important 14,000-point mark, which it has traded below since May 10.

10 Jun 2005 - 12:00am

Minsheng dithers over listing amid market uncertainty

Doubts hung over the planned Hong Kong listing of China Minsheng Banking Corp yesterday as unpredictable market conditions and a flood of sizeable new issues threatened to force its postponement.

8 Jun 2005 - 12:00am

Trading weakens amid atmosphere of caution

Fickle investors, interest-rate rises and cash shift into public share offer result in small loss for blue-chip index

Hong Kong's leading stocks fell slightly yesterday as more money was funnelled off into China Shenhua Energy's public offering and investors braced themselves for further fund-raising in the pipeline.

8 Jun 2005 - 12:00am

Luxury at The Legend balm for well-heeled

Prices of the smallest sea-view flats in the upmarket development to start at $20m

Partly developed on the Tiger Balm Gardens site in Tai Hang, The Legend comes as a rare new addition to the large-scale luxury developments on Hong Kong Island.

8 Jun 2005 - 12:00am

Talk of HannStar merger runs rife after $1.12b loss

Rivals Chi Mei and Innolux mentioned as potential partners for flat-screen firm

HannStar Display Corp, Taiwan's fifth-largest flat-panel display manufacturer by value, may seek a merger with rivals Chi Mei Optoelectronics Corp or Innolux Display Corp, according to market rumours reported by Taiwanese newspaper Economic Daily News.

6 Jun 2005 - 12:00am

Reality call for chipmakers

Visitors examine a 3G mobile phone at the Computex trade show in Taipei, where the perennial battle between Intel Corp and Advanced Micro Devices (AMD) again dominated debate in the corridors.

6 Jun 2005 - 12:00am

Qantas chief boxes clever on kangaroo route

Having guided the carrier through turbulent times, Geoff Dixon is ready for the super-jumbo era

GEOFF DIXON IS not comfortable sitting on the fence.

Those who have monitored his rise to chief executive of Qantas Airways say his world is black and white: you're either with him or you're against him.

6 Jun 2005 - 12:00am