Business Digest
Air cargo tonnage handled by Hong Kong’s airport rebounded by 18.6 per cent year on year last month after sustained shrinkage since April. It had dropped 17.5 per cent in…
Chinese Estates’ core earnings slump 89pc
Chinese Estates reported an 88.7 per cent dive in core earnings last year due to a HK$ 1.24 billion loss from selling investment securities. The drop came despite higher property…
Ore processor Hanking to double capacity by 2015
Iron ore producer China Hanking plans to more than double its ore-processing capacity by 2015, as it puts two new mines into operation. The Liaoning province-based firm aimed to have…
Talks start soon on rare earths WTO row
Negotiations on resolving the rare earths trade dispute between China and the US, EU and Japan would start soon, the Ministry of Commerce said yesterday. During a press conference in…
Hang Seng eyes new index to track smaller ripples
Hang Seng Indexes will launch an alternative version of its benchmark index in the middle of the year to reflect more closely how smaller players are affecting the stock market.…
Ex-partner claims breach of contract in Venetian deal
Las Vegas Sands faces a three billion pataca lawsuit from a former partner in Macau, claiming breach of contract by the American resort company before securing its gaming licence a…
Rocky road ahead for merger of opposites
The planned merger between China’s two major online video websites, Tudou and Youku, is the first step on the road to survival in the highly competitive and cash-burning industry, say…
Mainland a magnet for private equities
China drew a record US$ 16 billion (HK$ 124 billion) of investment from private equities last year, with retail, industrial goods and hi-tech the most sought-after sectors for investors, says…
