Issue: May 02, 2012   (Archive)
Friday, May 24, 2013   

Aussie dollar plunges on harsh interest rate cut
Local investors in foreign currencies will likely be crestfallen as their favored Australian dollar lost three quarters of a cent yesterday, following a bigger-than-expected interest rate cut Down Under.



Wait for corrections in an uncertain climate
Sentiment remains fragile. Spain has fallen into recession, proving that the European Central Bank's three-year loans only succeeded to prop up banks - not the real economy.

Chip-chopping idea seen as Beijing play
Semiconductor Manufacturing International Corp (0981) may soon acquire a production facility in Japan.

Fees to be slashed 25pc to help ailing China bourses
China's two stock exchanges will lower fees charged for trading yuan-denominated shares by 25 percent from June 1, the nation's securities regulator said.

Gas supplier riled by bid delay repeat
China Gas Holdings (0384) expressed frustration at the third extension of a deadline to table a formal bid for the gas supplier by Sinopec and its joint venture partner ENN Energy Holdings.

New home launches to test market
As many as 3,500 new homes are expected to be put on the market this month.

Rich pickings seen as brokerage shifts focus
Sun Hung Kai & Co (0086) expects business to rebound in the short term as the brokerage taps the growing local wealth management sector and larger stock deals.



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