Brightoil Petroleum, which once attributed its previously above-industry profit margin to its "buy low, sell high" trading strategy, plunged 11.2 per cent yesterday after it warned it expected to post an interim loss and had broken a loan covenant.Friday, 18 January, 2013, 5:27am
The recent debt issues by mainland developers in Hong Kong will not result in excessive supply and investors should still consider these high-yield bonds as an attractive asset class this year, asset management firms say.18 Jan 2013 - 5:27am
Chinalco Mining Corporation International, an overseas unit of aluminium major Chinalco, aims to raise US$400 million to fund the construction of its copper mine in Peru.
Chinalco is the parent of Hong Kong and Shanghai-listed Aluminum Corp of China. It also controls mainland miner and smelter Yunnan Copper Group as well as rare earth and coal mining assets.18 Jan 2013 - 5:27am
Shares of Golden Wheel Tiandi, a Nanjing-based property developer, soared on their trading debut in Hong Kong yesterday, prompting more listing hopefuls to relaunch their plans for an initial public offering on the back of increasing appetite among investors.17 Jan 2013 - 4:19am
Beijing's expansion of quotas for foreign institutional investors may not be the magic potion that will revive the A-share market, market players have warned.
While the door may be open wider for capital flows from abroad, they questioned whether the equity markets are attractive enough to lure a greater influx.17 Jan 2013 - 4:19am
Danske Bank and Credit Suisse Group, the most-accurate gold forecasters, say prices will probably peak this year while their nearest rival, UniCredit, sees no end in sight to the 12-year bull market.17 Jan 2013 - 4:19am
China's attractiveness to foreign investors waned last year for the first time since the global financial turmoil as the world's economy slumped and labour costs rose.17 Jan 2013 - 2:40am
Seated beside a bed much larger than those usually found in hospital wards, Zhang Xiue looked hopefully at her 72-year-old husband as his legs were bent and stretched time and again by a young female rehabilitation technician.16 Jan 2013 - 8:53am
When interest rates eventually trend up, banks will probably make use of the improved yield to start selling principal-protected and guaranteed instruments, whereby the initial investment sum invested is protected or guaranteed.14 Jan 2013 - 6:19am
Clean technology private equity firm Nature Elements Capital has raised US$40 million for a fund but has almost halved its fundraising goal amid tough market conditions.7 Jan 2013 - 4:31am
What strategies should I consider in 2013 to shore up financial security?
Here's a programme for the next 12 days, weeks or months.7 Jan 2013 - 4:31am
Hong Kong is one of the world's financial capitals, but how about a leader in financial technology? A home-grown brokerage is well on its way to making the latter true. Named by Amazon last year as one of the top five start-ups in Asia, 8 Securities defines itself as a "social stock-trading service".7 Jan 2013 - 9:57am
The world's richest man is proving better at generating wealth for himself than the 1.1 million Mexican pensioners investing with him.7 Jan 2013 - 4:31am
Internal rate of return, or IRR, is one of those concepts bank staff wheel out when they are selling investments, particularly savings and pension plans involving a series of contributions.
The concept has its use. This problem is that outside of professional financial circles very few people understand what IRR means.7 Jan 2013 - 4:31am
The new year has arrived and times are changing. There is less gloom about the euro zone, the United States steered clear of its fiscal cliff and the mainland economy seems to be spluttering back into shape. This has implications for investors.7 Jan 2013 - 4:31am