Issue: February 11, 2009   (Archive)
Saturday, January 31, 2015   

Developers in cautious start
Developers plan to conduct the first sales of the year in small batches.

Macau stubs out hopes for casinos
The Macau government wants all casinos to go smoke-free, rubbing salt in the wound of the territory's already beleaugered gaming industry.

Brokerage bargains appeal
The Shanghai Composite Index lost 1.3 percent yesterday while the Hang Seng Index fell 1 percent as traders squared positions ahead of the expiry of future contracts.

New CEO hunt begins
Standard Chartered (2888) is seeking a leader with a tough-to-find mix of Asian experience and regulatory clout as it kicks off the hunt for a successor to chief executive Peter Sands, investors, bankers and headhunters say.

Housing loses luster as rate hikes loom
Hongkongers are shunning bonds and real estate amid an uncertain outlook for interest rates, posting the worst investment confidence among major East Asians, a Manulife survey shows.

Upbeat Fed trims Asia and Europe shares
Stocks slipped in Asia and Europe as the dollar strengthened yesterday after the Federal Reserve took an upbeat view of the world's largest economy and signalled it was on track to raise interest rates this year.

Alibaba leads way even after growth slowdown
Alibaba Group Holding's quarterly revenue fell short of analysts' expectations, showing signs of a slowdown in the mainland e-commerce giant's scorching growth.

TVB unit stake sale
Taiwanese broadcaster Liann Yee will buy 47 percent of Television Broadcasts (0511) unit TVBI and 6 percent of Countless, another subsidiary, for a total NT$4.7 billion (HK$1.16 billion).

Luxury homes become sales focus
Sales of luxury homes are picking up and more projects are expected to launch after the Lunar New Year holiday.

Slower loan growth for local banks
Total loans rendered by local banks rose just 12.7 percent last year from 2013, with trade finance slipping 1.4 percent, Hong Kong Monetary Authority data showed yesterday.

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