Issue: May 10, 2006   (Archive)
Friday, December 19, 2014   

BYD fallout looms for BAIC debut
State-backed BAIC Motor (1958) starts trading today just a day after shares of fellow mainland carmaker, BYD (1211), slumped nearly 30 percent.

Fed comments buoy equities as Swiss make move
The Swiss franc tumbled yesterday after its central bank imposed a charge on deposits, wary of a flood of money exiting Russia and likely inflows from the euro zone if the European Central Bank starts full-scale money printing early next year.

Guangdong more - open to HK firms
Hong Kong and China signed a new pact yesterday covering 153 services trade sub-sectors under the Closer Economic Partnership Arrangement.

Jobless rate unchanged before festive season
Hong Kong's unemployment rate remained steady at 3.3 percent in the three months to November 30.

Plenty of value to be plucked
As expected, Federal Reserve chairman Janet Yellen did say something to comfort the market. She removed the words "considerable time" and added "patience" in the customary statement of the US central bank's rate-setting panel.

Downbeat prospects for China housing market
China's new home prices fell in November, while a business survey showed a steep drop in real estate investment plans.

Developers cautioned against rush
Cheung Kong Holdings (0001) executive director Justin Chiu Kwok-hung expects property prices to remain stable next year, with fluctuations likely to be within a 10 percent range.

Fears of global crisis grip markets
Fears of a full-blown crisis in Russia and oil's continued slide pushed investors to seek safety yesterday, buying core bonds and selling stocks while the ruble failed to halt its slide.

Brokerage executive raided by ICAC
Anti-graft officers investigating suspected bribery searched a home of Wong Tung-ching, a senior executive at a unit of Guotai Junan Securities.

Lei Yue Mun plot fetches $1.58b
Kowloon Development (0034) clinched a small residential plot in Lei Yue Mun for HK$1.58 billion, or HK$5,038 per buildable square foot, 12 percent above the HK$1.41 billion market valuation.

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