Issue: November 08, 2010   (Archive)
Wednesday, October 1, 2014   

LME fees to jump in return for costly takeover
The London Metal Exchange increased trading fees for 2015 by 34 percent yesterday as its owner moved to boost profit from the world's biggest industrial metals market after a costly takeover.

No need to worry or rush out to buy stocks
The Hong Kong dollar yesterday declined to a three-month low of 7.7656 while the US dollar continued to strengthen against Asian currencies.

Alibaba and Fosun banking forays get green light
Alibaba Group Holding's finance arm has been given government approval to set up a private bank, China's banking regulator said yesterday, the latest step in the e-commerce company's push into the financial services sector.

Bright start for E Lighting on market debut
E Lighting Group (8222) shares soared 7.2 times to HK$4.10 on their trading debut yesterday even as the benchmark Hang Seng Index plunged to a two-month low.

Sino in record happy landing
Sino Land (0083) has won a Fan Ling residential-commercial site for HK$730 million a price that beat estimates in setting a record high.

Asset disposals pay off for Link
The Link Real Estate Investment Trust (0823) inked separate deals yesterday to sell five of its properties, with offers exceeding the appraised value by about 30 percent.

Fears for sales in unrest
The Hong Kong Retail Management Association said civil unrest and the drop in mainland visitors could lead to a negative growth in annual retail sales for the first time in five years.

Welcome lift during this troubling time
A solid second-quarter gross domestic product figure for the United States 4.2 percent adjusted to 4.6 percent compared to a 2.1-percent contraction in the first quarter gave the Dow Jones index a 1 percent lift on Friday.

Flat sales sprout weekend Wings
New homes continue to find favor with buyers as several residential projects sold well at the weekend.

On solid ground as builder seeks $97m
Sam Woo Construction Group opens its retail book today, aiming to raise up to HK$97 million.

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