Issue: March 22, 2006   (Archive)
Monday, April 20, 2015   

Nun joins in flat-craze crush
More than 1,000 buyers from diversified backgrounds including a Buddhist nun made a swoop for 516 Hemera flats yesterday, snapping up 80 percent of them within two hours.

Shanghai and HK like `twin engines'
Hong Kong should think of ways to capitalize on the opening of mainland markets rather than regard Shanghai as a competitor, said the secretary for financial services and the treasury.

Biomed firm denies plan A in offing
Shanghai Haohai Biological Technology opens its retail book today for a HK$2.36 billion initial public offering.

Rules have changed in numbers game
Greece meets on Friday with its international creditors, China could slow the stocks surge. Such news affected US and European stocks on Friday, with the Dow and the Nasdaq declining.

Beijing regulation causes volatility
China's central bank surprised the market by announcing a one-percentage- point cut in banks's reserve ratio, just two days after the stocks watchdog made a fresh call, curving margin trading.

Cirque in sale talks
A consortium of private equity firm TPG Capital and Chinese conglomerate Fosun International (0656) is in the final stages of talks to acquire Cirque du Soleil, insiders said.

Reinsurance push by PICC
People's Insurance Company (Group) of China (1339) and subsidiary PICC Property and Casualty (2328) will jointly spend one billion yuan (HK$1.25 billion) to set up a reinsurance business.

Numbers up for Cathay, Dragonair
Cathay Pacific Airways (0293) and its subsidiary Dragonair showed higher- than-expected 11 percent growth in passenger volume last month.

Flat-buying frenzy in TST
Buyers swooped on the Peninsula East property development, snapping up more than 100 of the 150 units within 90 minutes.

Chips down further in Macau
Galaxy Entertainment (0027) saw a further revenue drop last quarter, again due to earnings slump from VIP tables.

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