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Issue: January 27, 2011 (Archive)

Thursday, June 20, 2013

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Jobless rate eases as demand seen to hold
The local jobless rate eased slightly as the number of employed rose to a new high.

Jeweler loses glitter
Chow Tai Fook Jewellery Group (1929), the world's largest jewelry retailer, recorded a 13.2percent decrease in earnings in the year ending March, mainly due to weak margins and rising costs.

Buy rather than sell if HSI repeats May
With the latest US housing data staying strong, Federal Reserve chief Ben Bernanke is generally expected to outline a schedule for reducing asset purchases that may start as early as September - with the program coming to a total halt early next year.

Metro Daily deal talks end
Sing Tao News Corporation (1105), the publisher of The Standard, said it had sought to buy Metro Daily in an attempt to further expand its presence in the free- newspaper market but acquisition talks have ended.

Merchants expects its ship to come in
China Merchants Holdings (0144) projects its throughput growth rate at 10 percent for this year, although the official trade data tumbled in May after strong growth earlier in the year.

Mengniu courts dear formula
China's largest dairy firm China Mengniu Dairy (2319) is offering HK$12.5 billion to take over a small baby formula specialist, Yashili International Holdings (1230).

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.

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