Business - Sections - The Standard

Issue: June 01, 2009 (Archive)

Tuesday, June 18, 2013

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Shimao expects price hike slowdown
Shimao Property Holdings (0813), one of China's top 10 developers, expects the hikes in new home prices to wane in the second half due to decreasing demand in lower-tier cities.

Li wastes no time in Dutch deal
The Cheung Kong group is to spend 940 million euros (HK$9.73 billion) to buy an energy and waste-processing firm in the Netherlands.

Huijin raises stakes in Big Four banks
Central Huijin spent 360 million yuan (HK$455 million) to increase its stakes in China's four big banks on Thursday when mainland A shares hit a six-month low.

Tragic home sold for 30pc below market
A Tai Koo Shing apartment, which was the scene of a tragic murder-suicide a few months back, was sold for more than 30 percent below the market price.

TCL to focus on improving margins
Cellphone maker TCL Communication Technology (2618) expects profit margins to bottom out this year and start improving after its smartphones were well received in Europe.

Beauty comes at a price as sales ride China wave
French skincare retailer L'Occitane International (0973) will hike product prices worldwide by 3 percent on average this year.

Listing candidates take cheer
A revival of the local initial public offering market is underway after Hong Kong stocks ended in positive territory yesterday.

Fed rate meeting set to guide global fortunes
Global markets yesterday adopted a wait-and- see approach following the selloff in the US dollar last week.

Yuan beats HK dollar deals as top hub status retained
Hong Kong remains the premier offshore yuan trading hub, where for the first time, its settlement system has seen more transactions in the mainland currency than the Hong Kong dollar.

Bond market is maturing nicely, says finance chief
The local bond market is maturing well amid the issuance of more dim sum notes and the government's own bond program, Financial Secretary John Tsang Chun-wah wrote in his blog.

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