Issue: May 16, 2012 (Archive)

Wednesday, June 19, 2013

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Greek talks collapse jolts global markets
Attempts to form a government in Greece collapsed yesterday, jolting financial markets at the prospect leftists opposed to the terms of an EU bailout could sweep to victory and nudge the euro zone crisis into a dangerous new phase.

FDI slump fuels pessimism over mainland economy
China's foreign direct investment inflows dropped 2.4percent in the first four months of 2012 versus last year, the longest period of declining inflows since the depths of the global financial crisis and a sign of external economic headwinds.

Copper miner seeks $2.44b from float
China Nonferrous Mining Corp plans to raise up to HK$2.44 billion by selling 870 million shares through an initial public offering.

Stocks up on H-share 'gift'
Hong Kong shares halted their eight- day losing streak to close higher yesterday, on reports that mainland professional investors may buy H-share stocks directly.

Dim sum bonds twice as tasty
Yuan bond issues in Hong Kong doubled in the first four months of the year to 36.7 billion yuan (HK$45.09 billion) on the corresponding period in 2011.

Steady quarter for power firm
Power producer CLP Holdings (0002) will pay a dividend of 53 HK cents for the first quarter - up 1.9 percent from a year back.

Cash remains king as economic gloom thickens
The Hang Seng Index rebounded less than 1percent yesterday after it fell to 19,639, near the 38percent retracement point of 19,625.

Facebook confident as IPO range boosted
Facebook Inc has boosted the price range on its New York initial public offering to seek as much as US$12.8 billion (HK$99.84 billion).

First yuan-based Singapore listing eyed by Li REIT
Li Ka-shing's ARA Asset Management aims to list a yuan-denominated real estate investment trust in Singapore by July, Dow Jones Newswires reported.

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