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Issue: February 24, 2010 (Archive)

Thursday, May 23, 2013

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Fed boss tips danger if path is reversed
US Federal Reserve chairman Ben Bernanke acknowledged the risks of the Fed's low interest-rate policy yesterday but warned that tightening policy now could stall the US recovery.

Regulator probes China Green over disclosures
China Green (0904) is being investigated by the Securities and Futures Commission, which has obtained a search warrant for the company's offices to look for relevant documents.

Fosun seen to widen reach with PE fund
Fosun International (0656) plans to set up a new private equity fund worth more than US$1 billion (HK$7.8 billion).

Octopus to face licensing clamp
The government plans to step up supervision of stored value facilities such as Octopus, Alipay and Paypal with compulsory licensing aimed at protecting consumers.

HSBC jumps on 2.2pc mortgage loan bandwagon
Following the lead of BOC Hong Kong (2388), HSBCyesterday started offering mortgage loans at a low rate of 2.2 percent to nearly all homebuyers amid waning property transactions.

Those over there love dining here
Bon viveurs living in Shenzhen just cannot get enough of our food and restaurants, favoring local dishes over mainland munchies.

Titanic tycoon wins CITIC court battle
Clive Palmer, the Australian mining entrepreneur who plans to build a replica of the Titanic, won a lawsuit against CITIC Pacific (0267) over the timing of royalty payments from a US$8 billion (HK$62.4 billion) iron ore mine.

Gray gains for Sinopec Engineering
Sinopec Engineering (2386), the largest local initial public offering so far this year, rose 5 percent in the gray market yesterday.

Changes at the top of ICBC
Industrial and Commercial Bank of China (1398) has formally announced the departure of its president, Yang Kaisheng, and highlighted his successor's career.

Stakes cashed in as HSI climbs
A shareholder related to the chairman of Yongda Auto (3669) is seeking up to HK$507 million through a placement, marking a sharp rise in local share sales as the Hang Seng Index approaches a two-year high.

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