Date
28 July 2015

BUSINESS

  • Tony Measor, a popular financial columnist who spent 50 years in investment research, fund management and column writing, passed away this morning. He was 82. The HSBC diehard offered investment advice to retail investors for most...
  • Seven months after its launch, Tencent-backed (00700.HK) WeBank is showing off some of its first financial accomplishments that hint at the direction it may take as it carves out a place in China’s banking sector. The...
  • The Hang Seng Index has lost more than 1,000 points from last week’s peak. Volatility is set to increase as big investors bet on company earnings, a looming US interest rate hike and the Greek debt...
  • Hong Kong’s exports are likely to face more headwinds amid a slowdown in the global economy, Greece’s debt crisis and geopolitical instability, according to a government spokesman. The city’s shipments to overseas destinations dropped 3.1 percent...
  • MSCI Inc. has linked up with GF International Investment Management Ltd. in launching an exchange-traded fund tracking the US-based index company’s China-focused index, the Hong Kong Economic Journal reported on Monday. The launch came despite uncertainties...
  • HKT Trust & HKT Ltd. (06823.HK), which provides telecommunications and related services, is making a play for the mobile payment market. The company has established a new unit, HKT Payment Ltd., to tap into the fast-growing...
  • United Arab Emirates flag carrier Etihad Airways is seeing robust demand for its over-the-top luxury offering, a three-room suite called The Residence. It will be available on the New York-Abu Dhabi flights from December. Although at...
  • Even in normal times, individual and institutional investors alike have a hard time figuring out where to invest and in what. Should one invest more in advanced or emerging economies? And which ones? How does one...
  • Delta Air Lines Inc. is paying US$450 million for 3.55 percent of China Eastern Airlines Corp. The deal expands the US carrier’s international presence by taking minority stakes in overseas carriers, according to the Wall Street...
  • Facebook Inc. plans to offer free basic internet on mobile phones to boost usage. The world’s biggest social network has introduced the service in 17 developing countries in the past year.   Reuters is reporting that Facebook...

WORLD

  • The US Olympic Committee on Monday withdrew Boston’s bid to host the 2024 Olympic Games after the mayor said his city’s taxpayers could not afford to host the large-scale event, Reuters reported. Massachusetts officials welcomed the...
  • British police are investigating allegations of drug-related offenses involving a member of the House of Lords after a tabloid newspaper published images and video footage of an alleged peer snorting cocaine with suspected prostitutes in a...
  • Turkey and the United States are planning air cover for Syrian rebels and a joint sweep against Islamic State fighters along the Turkish border. The move is aimed at bolstering the NATO member’s security, possibly providing a...
  • A 20-meter section of a foundation wall caved on a construction site in Qianhai, China’s modern service industry cooperation zone in Shenzhen. The dramatic collapse on July 6 was caught on video and was over in...
  • Two and a half years after the Philippines first sought international arbitration in its disputes with China over the South China Sea, the first hearings were finally held in The Hague this month by the Permanent...
  • Bobbi Kristina dies, 22

    Jul 27, 2015 4:50pm
    Bobbi Kristina Brown has died nearly six months after being found face down and unresponsive in a bathtub in her Georgia home. The daughter of singer Whitney Houston, who died of drug overdose in a bathtub...
  • A 30-year-old mother was literally swallowed by a defective escalator at a shopping mall in Jingzhou in Central China’s Hubei province.  But out of that horrific scene, a mother’s love was shown. At about 10 a.m....
  • Greek Prime Minister Alexis Tsipras is facing pressure from his Syriza party which is secretly trying to revive the drachma, the country’s currency before it joined the eurozone. It’s not clear how serious the plans are,...
  • Turkey attacked Kurdish insurgent camps in Iraq in a campaign that could end its peace process with the Kurdistan Workers Party (PKK), Reuters reported, citing security forces. Ankara, which called for a special NATO meeting to...
  • Auto expos in China had in recent years turned into Vegas-style showbiz events as companies deployed scantily-clad female models to draw people to the exhibition booths. Draping themselves over the bonnets and striking seductive poses, the...

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