Issue: May 10, 2006   (Archive)
Wednesday, March 4, 2015   




CLP to scale back in Oz
CLP Holdings (0002) plans to trim down its weak-performing Australian generation portfolio, and focus growth primarily on China and India.

Delay for airline as IPO fails to take off
Hong Kong Airlines International Holdings has delayed its initial public offering, the city's first dual currency listing, until the second half as it seeks more time to answer stock exchange queries, insiders said on Tuesday.

Subsidy cut boosts China Unicom profit
China Unicom Hong Kong (0762) posted a 15.8 percent growth in net profit to 12.06 billion yuan (HK$14.91 billion) within market estimates as the company cut its handset subsidy expenses by more than a quarter.

StanChart cuts bonus pool
Standard Chartered (2888) bank will shrink its bonus pool for 2014 by about 9 percent to around 715 million (HK$8.51 billion), Britain's Sky News reported, citing an insider.

Figuring what led to fall-off in the pace
The Hang Seng Index followed Shanghai yesterday in recording a small correction.

Home prices still falling
Home prices in China fell again last month from January, but the downtrend slowed reflecting continuing market stability, two private surveys showed in an encouraging trend as Beijing steps up stimulus to support a faltering economy.

Sun Art expects to hit it big as online sales boom
The mainland's largest hypermart operator Sun Art Retail (6808) expects its e-commerce platform Feiniu.com to generate sales of 10 billion yuan (HK$12.36 billion) over the next two to three years from just 150 million yuan currently.

Parking spot fetches $4m
A Shun Tak Centre parking slot sold by the central government liaison office has fetched a record HK$4 million.

Green policy in the air
After China's second rate cut on Saturday, local stocks rose yesterday but closed just 64 points higher at 24,887.

Systemic fear in remortgages
Secretary for Transport and Housing Anthony Cheung Bing-leung yesterday warned that remortgages carry huge risks for the entire financial system in the event of a plunge in home prices.



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