Issue: May 10, 2006   (Archive)
Thursday, September 3, 2015   

Rail firm looks to improve
China Railway Group Limited (0390) expects a better second half as local government contracts stream in, even as new contracts dipped 19.4 percent in the first half.

Mainland brokerages agree to help market
Several leading mainland brokerages said yesterday that they will increase the size of their proprietary stock trading answering Beijing's call for listed firms to bolster their backing for struggling stock markets.

Moves in focus as yuan climbs
China's onshore yuan climbed to the highest level since the 2 percent devaluation on August 11.

Weak factory data grips globe
China's giant manufacturing sector contracted the most in six years in August, while a private survey found that growth in US manufacturing slowed last month to the lowest pace in more than two years, reinforcing expectations that policymakers will need to ease policy further.

SmarTone hits right buttons in surge
SmarTone Telecommunications' (0315) net profit surged 74.2 percent to HK$935 million in the year through June, thanks to solid showings in handset sales and profit.

Home prices on rise
Home prices in the mainland rose in August for the first time this year and improved on 2014 levels, two private surveys showed yesterday.

Shutdowns, rent cuts as retail blues bite
Several luxury goods and jewelry retailers along with sellers of less upmarket items are scaling back in Hong Kong as fewer tourist arrivals eat into profits. Those who remain are winning steep rental cuts from landlords.

Home fears for banks
Standard & Poor's has warned that Hong Kong banks face great risks from souring loans if home prices keep climbing at the current pace.

Rumors fly on yuan
China's official manufacturing PMI fell to 49.7 last month from 50 in July, indicating contraction. The figure was in line with forecasts, but both the Shanghai Composite Index and the Hang Seng Index fell.

Engineering giant files for listing
FSE Engineering Holdings Limited, controlled by tycoon Henry Cheng Kar-shun and his brother-in-law William Doo Wai-hoi, has filed for a main-board listing.

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