Issue: June 05, 2012 (Archive)

Monday, May 20, 2013

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Doors shut to Spain on crisis fighting
Chancellor Angela Merkel's spokesman said Spain knows where to look for aid if its needed, giving no ground to Prime Minister Mariano Rajoy's pleas that Germany consider new ideas to resolve the debt crisis.

HSI sinks to fresh low on bleak outlook
Hong Kong stocks plunged to their lowest close this year as a bleak global economic outlook battered sentiment. The benchmark Hang Seng Index tumbled by as much as 501 points yesterday to close 2.01 percent down at 18,185.59.

Towngas China plans $1b buying spree to expand
Towngas China (1083) is seeking to acquire 10 new projects this year, aiming to expand its piped gas network in the mainland.

Beijing urges plan for Greek fallout
The Chinese government has called on key agencies, including the central bank, to come up with plans to deal with the potential economic risks of a Greek withdrawal from the euro zone, three sources with knowledge of the matter said yesterday.

Hop Hing plans further mainland expansion
Local edible oil producer Hop Hing Group Holdings (0047) plans to open 90 new outlets of Yoshinoya and Dairy Queen in the mainland this year.

Hang on to your hats for a rough ride
As expected, the Hang Seng Index dived more than 2 percent yesterday following weak data from the United States and Europe.

Central bank action urged to halt likely yuan slide
The internationalization of the yuan will depend on market conditions, the People's Bank of China governor said.

Float sizes slashed on turmoil
Market turmoil has forced several listings candidates, including mainland state-owned enterprises, to cut their fund-raising targets.

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