Issue: November 08, 2010   (Archive)
Tuesday, November 25, 2014   




Li lifts investment in US firm
US artificial intelligence firm Sentient Technologies raised US$103.5 million (HK$807.3 million) in new funding from current investor Li Ka-shing-held Horizon Ventures, as well as Access Industries and Tata Communications.

Cosmetics chain sitting pretty
Interim net profit of L'Occitane International (0973) more than doubled to 37.3 million euros (HK$359 million) from a year earlier, driven by foreign currency gains.

Not all bad for banks
At the start of this year, Beijing said it would move to control unregulated shadow banks to deter a possible bubble in the property sector. But mainland leaders would also like to keep economic growth near 7 percent. So, from time to time, we have seen the central government issue modest stimulus measures.

Sunac mulls revising deal
Sunac China Holdings (1918) is considering revising an agreement to buy 24 percent of developer Greentown China (3900) as the target firm's founder has had second thoughts about selling a stake.

Yuexiu buttresses place in Guangzhou
Yuexiu Property (0123) has bought a Guangzhou site for 6.45 billion yuan (HK$8.14 billion) at an average cost of 9,900 yuan per square meter.

Only six bidders for Lohas Park site
Only six potential investors presented tenders for the latest MTR Corp (0066) site in Tseung Kwan O before bidding closed yesterday despite more relaxed land premium and partnership terms.

Cut in China rates seen for next year
Allianz Global Investors expects China's central bank to cut interest rates next year to ensure a soft landing for the economy.

IPOs top bond sales
Mainland firms have scrapped or delayed bond sales worth at least 7.55 billion yuan (HK$9.53 billion) since November 20 as borrowing costs rose, flagging fundraising strains even as the central bank eased monetary policy on Friday.

Wanda set to build 150 hotels
Mainland property developer Dalian Wanda Group plans to build more than 150 premium hotels around the world by 2018 in an expansion of its luxury hotel business, Xinhua News Agency said yesterday.

Eight small banks make the first step
Eight small Chinese banks have raised their one-year deposit rates to the 3.3 percent maximum allowed after China's central bank cut its interest rates and allowed greater deposit flexibility last week.



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