Issue: May 10, 2006   (Archive)
Sunday, September 21, 2014   




Audit watchdog agrees it needs some teeth
The Financial Reporting Council yesterday said it concurs with the government's proposal to expand its powers.

CAR revs up for debut
Largest mainland car rental company CAR (0699) rose 14 percent in the gray market last night ahead of its trading debut today.

Look on the bright side of rates picture
There are mixed messages from the United States on interest rates, leaving us to work on what's coming. The tone of the US Federal Reserve's rate- setting panel is dovish, holding to the "considerable time" outlook on a likely rise. But it's hawkish in that there's a projection of a first rate hike by mid- 2015 followed by a few more in 2016 and 2017 unless the US economic environment turns down.

Family firms pass the baton
Developer Country Garden (2007) has overtaken consumer electronics retailer Gome (0493) as the biggest Chinese family-owned business listed in Hong Kong, according to an annual report by the Chinese edition of Forbes.

Homes stay shaky
Worries that the mainland economy may be slowing further intensified as home prices fell for the fourth straight month.

DBS banks on cards
DBS Bank expects double-digit growth in credit card revenue to continue after it jumped 15 percent in the first half from a year earlier.

Fed talk lifts dollar as HKMA warns
The US dollar hit its highest levels in more than six years against the yen and four years against other major currencies following the latest statement from the Federal Reserve's rate-setting panel.

Son takes top spot
Masayoshi Son surpassed Fast Retailing (6288) chairman Tadashi Yanai as Japan's richest person yesterday after SoftBank Corp surged 16 percent since the start of last week.

Shares hit as top pair in Ultrasonic missing
Ultrasonic, a Fujian-based footwear maker listed in Germany said most of its cash reserves in the mainland and Hong Kong have disappeared and the father-son chief executive and chief operating officer have gone missing.

Tech-savvy team wanted at AS Watson
The AS Watson Group is forming a digital team called eLab to boost business. The aim is to generate 5 percent of revenue from online sales within 18 months.



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