Date
4 September 2015

BUSINESS

  • China could undertake a number of measures to improve the power sector, lower retail power prices and thus indirectly boost the economy. The actions are all related to the liberalization of its electricity markets. Several countries in...
  • The “national team” has been supporting the Shanghai market. So the mainland stock market has almost stabilized, but it still lacks a catalyst for an upward move. China’s widely watched military parade Sept. 3 has demonstrated...
  • GoGoTasker co-founder Cheng Nga-ying, who likes to be called Ying, has two important missions on hand. One is scaling up the IT platform. The service, which matches people looking for all types of helpers and those...
  • UBS Group AG lowered its target for Hong Kong’s benchmark stock gauge 25 percent, saying its worst-case scenario for the city is coming true as the economy weakens and tourism arrivals decline, Bloomberg reported  Friday. The...
  • The Newton Hotel in North Point “suddenly” closed last week. Many saw this as “the first drop of blood” shed as a result of the recent slowdown in tourism in Hong Kong. So does the closing of...
  • The Hong Kong Monetary Authority (HKMA) has revised its supervisory policy manual to give the green light to licensed lenders to provide peer-to-peer mobile services, the Hong Kong Economic Journal reported. Bank customers will no longer be required...
  • New World Development Co. (00017.HK) is slashing rents for some tenants at its shopping malls, a move aimed at helping retailers that are facing difficulties due to a sales slowdown. The reduction in rents will be on...
  • Alibaba Group Holding Ltd. chairman Jack Ma Yun and vice chairman Joseph Tsai Chung-hsin plan to raise more than US$2 billion through a margin loan pledged against the firm’s stock, Bloomberg reported Friday. The money raised may...
  • If there’s Uber for taxis, there’s microtransit for buses. The service involves private vans and buses which offer rides along fixed or flexible routes at a cost that is just a little more than public transport...
  • Indonesia scrapped plans for its first high-speed railway and asked China and Japan, which were vying for the multibillion-dollar contract, to submit new proposals to build a slower train, Reuters reported. The two Asian giants had lobbied...

WORLD

  • To mark 70 years of the “victory of the Chinese people’s war of resistance against Japanese aggression”, Beijing held a grand military parade Thursday, showing off new weapons and also pledging to pursue a path of “peaceful...
  • After months of preparation and mobilization, China’s most important political event this year finally came to pass. The first military parade along Chang’an Avenue since 2009 saw 12,000 officers and troops of the People’s Liberation Army marching...
  • An Egyptian court has sentenced two belly dancers to six months in jail for inciting debauchery. The case of Suha Mohammed Ali and Dalia Kamal Youssef — known in the trade as the Egyptian Shakira and...
  • French authorities have formally declared that a wing part found on an island in the Indian Ocean in July was part of the wreckage of Malaysian Airlines Flight 370. A prosecutor said a technician from Airbus...
  • China showed off some new weapons, including a missile that is said to be capable of destroying an aircraft carrier, as it held a massive parade in Beijing Thursday to mark 70 years of Japan’s defeat...
  • A Kentucky official was jailed after she repeatedly refused to issue marriage licences to gay couples. US District Judge David Bunning found Rowan county clerk Kim Davis in contempt and drew a pledge from five of...
  • To solve the problem of antimicrobial resistance, the world needs not only new drugs but also new behavior – by all seven billion of us. Because of the misuse and overuse of antibiotics, common infections such...
  • Scuffles have broken out as police forced migrants from a train in Hungary as Europe struggled with a worsening humanitarian crisis. In Brussels, Hungary’s Prime Minister Viktor Orban described the situation as a “German problem” as...
  • Everyone loves a good book. Not only that. Books have traditionally been one of the best definers of culture and ambassadors for people who have never been to another country. Where would America be without Fitzgerald...
  • The death toll from an explosion at a chemical plant in Shandong province late Monday has risen to five, Reuters reported Wednesday, citing state news agency Xinhua. China is still seeking answers to why far bigger blasts...

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