Date
27 March 2015

Business

  • China BlueChemical Ltd. (03983.HK), the chemical fertiliser and methanol production unit of China National Offshore Oil Corp., said net profit fell 94 percent to 105 million yuan (US$16.9 million) in 2014 from the previous year. The...
  • Guangfa Securities, China’s fourth largest brokerage, has attracted a big number of investors for its Hong Kong initial public offering. The broker is expected to price the shares at HK$18.85, the top end of an indicative...
  • After trying for more than five years to secure a television license in Hong Kong with no success, HKTV (01137.HK) chose to broadcast its production on the internet. The group booked a loss of HK$237 million...
  • China Resources Enterprise (00291.HK) has announced a well-anticipated loss following its profit warnings earlier. But what has caused some surprise in the market is that the company has increased the final dividend after a 15 percent...
  • Apple Inc. plans to introduce a trade-in program for iPhones in China, after a similar program boosted sales in the United States, Bloomberg reported, citing unnamed sources. Customers will be able to take older iPhones to...
  • Facebook is seeing a surge in the number of small and medium-scale enterprises advertising on its social network. From just about a million firms a year and a half ago, SME advertisers on Facebook rose to...
  • China may widen the trading band of the renminbi to boost its chances of inclusion in the Special Drawing Rights (SDR). “One possibility that they could consider is band widening… if they want to show more...
  • The golden age of fast growth for Industrial and Commercial Bank of China Ltd. (01398.HK) has ended, chairman Jiang Jianqing said. He cited mainland China’s sluggish economy and a high comparison base as the world’s largest bank reported growth in...
  • China Taiping Insurance Holdings Co. Ltd. (00966.HK) is reviewing its dividend policy after years of investment, the Hong Kong Economic Journal reported Friday. It has not paid dividend in recent years, keeping the money instead to fund growth, chief...
  • PetroChina Co. Ltd. (00857.HK) announced Thursday that its net profit fell 17.3 percent last year to 107.17 billion yuan (US$17.3 billion) following the slide in crude oil prices. Revenue rose just 1.1 percent from the previous...

World

  • As Asians imagine a world without Lee Kuan Yew, I can’t help wondering what that diplomatic giant with strong opinions on many things would have made of the United States’ lead-booted diplomacy over China’s new infrastructure...
  • When his time comes, Tim Cook will go literally penniless. Steve Jobs’s successor as Apple chief executive plans to will his entire fortune to charity, keeping just enough of it to ensure his 10-year-old nephew goes...
  • The Chinese Communist Party’s disciplinary watchdog has launched a training session for government servants tasked with hunting down and bringing to justice corrupt officials who are at large overseas. More than 130 officials from agencies such...
  • Yemen’s President Abd-Rabbu Mansour Hadi fled to Saudi Arabia on Thursday as Houthi rebels battled with his forces on the outskirts of Aden, the southern port city where he was taking refuge, Reuters reported. Following the...
  • An American woman convicted of running her 9-year-old granddaughter to death as punishment for lying about having eaten chocolates may spend the rest of her life in jail upon the recommendation of a jury. Joyce Garrard,...
  • A powerful explosion in New York City’s East Village on Thursday caused two apartment buildings to collapse and burst into flames and two others to catch fire, injuring 12 people. Preliminary evidence indicated it was a gas-related...
  • The co-pilot of the Germanwings aircraft that crashed into the Fresh Alps on Tuesday appears to have deliberately caused the disaster after barricading himself alone in the cockpit, French prosecutors said on Thursday. A study of...
  • Pope Francis made a surprise visit to 150 homeless people who were being taken on a special tour of the Sistine Chapel, Reuters reported. Francis greeted the visitors Thursday in the chapel where he was elected pope....
  • Bakery chain BreadTalk Group pulled a bun commemorating Singapore’s first prime minister, Lee Kuan Yew, from its shelves after drawing flak from social media users, Reuters reported. “We would like to convey our deepest apologies with regard...
  • There are a few ways a two-year-old can impress. A new song, new rhyme but a new national archery record? Dolly Shivani Cherukuri from Vijaywada in the southern state of Andhra Pradesh shot herself into India’s...

Commentary

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