Business - Sections - The Standard

Issue: December 29, 2008 (Archive)

Wednesday, May 22, 2013

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Luxury retailer strikes cautious note
Luxury goods retailer Dickson Concepts (0113) said the local market will remain challenging even as it declared an almost 23 percent surge in net profit.

Brokerage cloud fails to dent Galaxy
China Galaxy Securities (6881) rose up to 8.5 percent in the gray market before formal trading on the local board kicks off today.

Exit opens door to better prospects
Goldman Sachs yesterday dumped its remaining stake in ICBC (1398), the world's biggest bank in terms of assets.

Part of `golden parcel' for sale
Shanghai is putting up for sale a prominent commercial site with ties to jailed property tycoon Zhou Zhengyi, at an auction reserve price of 3.4 billion yuan (HK$4.3 billion).

Six newbies to jostle for mobile space -
Mainland authorities are expected to grant licenses next month to at least six new mobile operators who will rent network space from the nation's three largest telecom companies.

Full yuan convertibility urged
People's Bank of China governor Zhou Xiaochuan and several high-ranking officials have co-authored a report urging full convertibility of the yuan capital account by 2015.

Inflation rate grows 4pc driven by veg prices
Hong Kong's inflation rate last month jumped by 4 percent from a year earlier due to a rise in vegetable prices compared to a 3.6 percent gain in March.

CLP loses power on lower demand
CLP Holdings (0002) said it sold less electricity in Hong Kong and China during the first quarter from a year earlier.

Economist blames soaring rents for job losses
High shop rents hurt the local job market as the unemployment rate worsened for retail and food services during February to April.

Silver, gold prices plunge
Silver tumbled to the lowest since September 2010 as price declines led to a trading halt by the CME Group's Comex exchange, while gold extended its longest slump in four years.

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