Issue: September 11, 2012 (Archive)

Wednesday, June 19, 2013

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Mobile firms made to ride on MTR's price line for 4G
Mobile carriers are having to swallow high costs as they install fourth-generation networks at MTR stations.

Treasury selling US$18b AIG stake
The US Treasury Department said it will sell most of its stake in American International Group, making the government a minority investor for the first time since it rescued the insurer in the depths of the financial crisis in 2008.

Greek talks on more aid release hit wall
Greece acknowledged yesterday it was having trouble persuading its foreign lenders to accept a plan to save nearly 12 billion euros (HK$119 billion) over the next two years, essential to unlocking the aid payments the country needs in order to avoid bankruptcy.

Be cautious if index fails to exceed 20,500
Mainland exports rose just 2.7 percent in August from a year earlier while imports fell 2.6 percent.

Waves of cash at Double Cove flats
Primary property market sentiment remains positive as Henderson Land (0012) received 700 checks for the 260 units it launched at its Double Cove project in Wu Kai Sha.

Haier in bid to take over NZ home appliance firm
Haier Group, parent of Haier Electronics (1169), is mulling a takeover of New Zealand's Fisher and Paykel Appliances in a deal that could value the dishwasher and washing-machine-maker at US$600 million (HK$4.7 billion).

Drugmaker ready to roll with offer
Shanghai Fosun Pharmaceutical, the drugmaking unit of Fosun International (0656), is set to start on a US$500 million (HK$3.9 billion) initial public offering before the end of the month.

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