THE Cross Harbour Tunnel Company announces a one-for-two rights issue to raise $830.4 million - its first new share issue in nearly 20 years.
The proposed Foreign Exchange Trading Bill will put the industry under the control of a handful of big banks, according to Gold and Silver Traders Association chairman Thomas Yu.
Financial Secretary Hamish Macleod's Budget pledge to cut spending has been delivered, with a first-quater fall in government expenditure of 0.4 per cent.
Trading volumes in Guoco Group shares and warrants increase significantly in the days leading up to the announcement that the group has won government approval to buy the Overseas Trust Bank. The warrant's price leaps more than 20 cents to $6.53.
Executive Councillor Edward Chen kwan-yiu said Hong Kong and Taiwan will be forced to miss the November summit of the Asia Pacific Economic Co-operation (APEC).
The Securities and Futures Commission (SFC) recommends the Government suspends the special ''lifeboat'' levy placed on stock and futures transactions from tomorrow.