China plans greater yuan flexibility
China will increase the movement of the yuan’s exchange rate “appropriately” to handle the latest rounds of quantitative easing by the world’s central banks, Xinhua said in an editorial. The…
In ICE-NYSE deal, one CEO steps back, the other rises
Duncan Niederauer, the chief executive of New York Stock Exchange operator NYSE Euronext, once boldly proclaimed that his company could not be acquired. Last year, even when Niederauer was prepared…
Scape house sale at HK$252m bucks sentiment
A Hong Kong buyer has bucked the real estate market’s weak sentiment by splashing out for a detached house on the city’s south side. The buyer yesterday paid HK$ 252…
More mainland financial firms expected to tap Hong Kong stock market
Hong Kong is likely to see more mainland financial companies listing next year as they move to tap the city’s capital markets, global accounting firm Deloitte Touche Tohmatsu said yesterday.…
Only way is up for HSI, say analysts
Analysts predict the Hang Seng Index will rise further in the next few months, after it hit a 16-month high. The benchmark rose 128.64 points to 22,623.37 yesterday, up 22.7…
Lai Sun Development promises more partnerships
Lai Sun Development hinted yesterday that its partnership with Sun Hung Kai Properties’ ousted chairman Walter Kwok Ping-sheung to develop a HK$ 6 billion residential project on a recently acquired…
HSBC: dim sum debt sales could reach HK$448bn in 2013
Sales of dim sum debt may reach 360 billion yuan (HK$ 448 billion) next year as China’s new leaders encourage use of the yuan in financial centres from London to…
Asian markets mostly higher on US fiscal hopes
Asian markets mostly rose on Tuesday morning, taking a lead from Wall Street as dealers grow confident US lawmakers will reach an agreement to avert the fiscal cliff. Continued weakness…
Tenant cancels deal to rent Opus flat for HK$850,000 a month
A tenant who agreed to pay HK$ 850,000 a month for a 6,000-square-foot duplex flat at Opus Hong Kong on Stubbs Road near the Peak has cancelled the deal amid…
AIG to raise up to US$6.5b through AIA share sale
American International Group may raise as much as US$ 6.5 billion from the sale of its remaining stake in AIA Group in Asia’s second-largest block sale ever, exiting a business…
