Issue: March 22, 2006   (Archive)
Friday, October 31, 2014   

Semiconductor firm expects record year
ASM Pacific Technology (0522) said its new orders and sales for this year are set to hit a record despite a traditionally weaker fourth quarter, as its two growth engines are in full swing.

Tencent leads way in connectivity
Tencent Holdings yesterday launched QQ Connect, a piece of software that will allow hardware developers and partners using the firm's open platform to tap into hundreds of millions of QQ users, as the technology giant strives for more clout in China's internet sector.

Good news keeps on coming for equities
The US Federal Reserve's rate-setting panel decided at its meeting to end monthly bond-buying and assured interest rates will stay at current levels for a considerable period of time.

Stock Connect remains on track
The Shanghai Hong Kong Stock Connect is unlikely to be delayed indefinitely and the Shanghai bourse will conduct a fresh round of technical tests on the scheme this Saturday, mainland media said.

Rongsheng gets lifeline
China Rongsheng (1101), the mainland's largest private shipbuilder, has secured a cash lifeline that could be worth up to HK$3.23 billion. It is also looking to change its name to reflect its shift into oil exploration.

Shrinking crude prices depress Sinopec profit
Asia's largest oil refiner, Sinopec Corp, yesterday posted a 12 percent fall in third-quarter net profit, partly because of lower international crude prices, weaker refining profits and slowing Chinese demand.

China set to merge two top locomotive makers
China vowed to create a global giant among train makers by merging CSR (1766) and China CNR (6199) its top two locomotive makers.

Bank of China growth weak
Bank of China (3988), the mainland's fourth-largest lender, reported its weakest quarterly profit growth in two years after doubling the amount of money it set aside for bad loans.

Lenders report profits up amid souring debt
Three mainland banks reported profit growth in the first three quarters but the results were marred by a surge in bad loans.

Slowdown hits ICBC
Industrial & Commercial Bank of China (1398), the world's largest lender by assets, reported its biggest jump in bad loans since at least 2006 as the property market dipped and the economy cooled.

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