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Caution returns after big Wall Street rally
11-14 23:13
US stocks slumped at the opening on Friday as glum corporate news and a weaker-than-expected report on US retail sales prompted caution after a huge rally a ...
US retail sales skid record 2.8pc in October
11-14 22:35
US retail sales tumbled a record 2.8 percent in October as consumers hunkered down in the face of a sharply slowing economy and a global financial crisis, gove...
Freddie Mac loses US$25.3b, seeks US infusion
11-14 22:25
Freddie Mac, one of the mortgage finance giants taken over by the government earlier this year, reported a quarterly loss of US$25.3 billion (HK$197.34 bil...
Bernanke leaves door open to another rate cut
11-14 22:10
Warning that financial markets remain under ''severe strain,'' Federal Reserve chairman Ben Bernanke pledged to work closely with other central banks to fix gl...
Exchange Fund assets lower
11-14 21:59
The Hong Kong Monetary Authority said the Exchange Fund reported a decrease of HK$58.7 billion in foreign assets to the end of October. Foreign a...
Profit warnings
11-14 21:56
Six small- and medium-enterprises issued profit warnings today due to failure in investment and hiking raw material costs. These companies included China ...
Moody's changes CITIC rating
11-14 20:04
Credit rating firm Moody's Investors Service has changed the rating review of CITIC Pacific (0267) to direction uncertain for both its Ba2 corporate fami...
Wing Hang provides for Iceland bond losses
11-14 20:01
Wing Hang Bank (0302) said it made provision of HK$315 million for its holding of bonds issued by the two largest Iceland banks. Face value of those ...
Li buys more Hutch shares
11-14 19:58
Hutchison Whampoa (0013) chairman Li Ka-shing has increased his shareholdings by 300,000 shares, for HK$11 million, with an average price at HK$37.51. ...
Parkson profit rises 27pc
11-14 19:56
Retailer Parkson Retail Group (3368) said its third quarter profit rose 27 percent to 190 million yuan (HK$215.7 million) by the end of September. P...
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