Issue: April 27, 2012 (Archive)

Thursday, May 23, 2013

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Mainland lenders lift net earnings
Bank of China Ltd (3988) yesterday kicked off the first-quarter results announcements of the mainland's four big state-owned lenders.

TCL posts see-saw earnings at two units
First quarter earnings sharply diverged for two units of China's leading consumer electronics producer TCL.

Galaxy bets big with next phase of complex
Galaxy Entertainment (0027) is spending HK$16 billion on building the second phase of Galaxy Macau, which will double the size of the casino-resort complex on Cotai strip.

Corporate bond yields attract investors
Following the two-day meeting of the Federal Reserve's rate-setting panel, chairman Ben Bernanke has signaled further quantitative easing will be considered if needed.

Fed and US data raise stocks
Stocks and the euro edged higher yesterday, boosted by solid US home sales data, but poor labor market figures and worries over the euro zone kept gains in check.

China insurer sees profit slump 36pc
New China Insurance (1336), which listed in December, said profits slumped 36 percent in the first quarter compared to the fourth quarter of last year.

Repulse Bay site tipped for record
A Repulse Bay residential site could set a record for price per buildable square foot in the SAR.

Haitong shines in gray mart on debut eve
Broking giant Haitong Securities starts trading on the main board today.

Sinopec profit tumbles 35pc
China Petroleum and Chemical Corp (0386) saw its first quarter profit slump 35 percent to 13.4 billion yuan (HK$16.51 billion) from a year earlier.

Fuel costs, forex dip drag down carriers
High fuel prices and a drop in foreign exchange gains sharply dragged first quarter earnings at both Air China (0753) and China Southern Airlines (1055).

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