EJ Insight

BUSINESS

Fosun, Wanda, Anbang and HNA being investigated: WSJ

Jun 22, 2017 4:59pm

Banks in China have been ordered to investigate loans made to the country’s top overseas deal makers, the Wall Street Journal reports. These include Anbang Insurance Group Co., HNA Group, Fosun International Ltd. (0656.HK) and Wanda Group. ...
Samsung, Nokia doing far better than most people think

Ko Tin-yau - Jun 22, 2017 11:45am

Perception can be quite deceiving. Nokia’s exit from the mobile phone business and Samsung’s battery explosion saga might have left investors with the impression that the two are goners, but the truth is, both companies are...
Oil drops to 10-month low amid rising US output

Jun 22, 2017 8:36am

Oil prices ended down more than 2 percent on Wednesday after hitting a 10-month low in volatile trade, as growing US production and reduced Chinese refinery activity fed mounting concern over the stubborn global crude glut,...
George Clooney selling tequila brand for up to US$1 bln

Jun 22, 2017 8:17am

Diageo Plc has agreed to buy George Clooney’s high-end tequila brand Casamigos in a deal valuing it at up to US$1 billion, as the world’s largest spirits maker seeks to boost its presence in a high-growth...
AI and IoT to boost chips demand

Hao Chenglin - Jun 21, 2017 5:12pm

While stories like JD’s record sales in its June 18 shopping festival always grab the headlines, apart from the online shopping boom, rosy prospects in hardware such as Artificial Intelligence (AI) and Internet of Things (IoT)...
Electricity pricing: Smart meters, dumb arguments

Kelvin Tsui - Jun 21, 2017 4:51pm

When restaurants charge you more at dinner than at lunch, is that a form of “price discrimination”? Not necessarily. If the restaurant serves a full house every night, but sees only a few tables filled at...
Uber CEO Travis Kalanick resigns under investor pressure

Jun 21, 2017 4:25pm

Uber Technologies Inc. chief executive Travis Kalanick, co-founder one of the most influential technology companies of its generation, has resigned under mounting pressure from investors over his leadership, Reuters reports. Kalanick’s departure caps a tumultuous period...
China’s MSCI inclusion: What next after the milestone?

Hong Hao - Jun 21, 2017 1:29pm

China’s entry into the MSCI global indices is a historic milestone. The MSCI inclusion is small, but slightly higher than expected. China’s efforts in re-regulating stock trading suspension, the expansion of the Stock Connect scheme and...
China Vanke founder Wang Shi steps down after long power tussle

Jun 21, 2017 1:05pm

Wang Shi, the founder and chairman of real estate developer China Vanke Co. Ltd. (02202.HK, 000002.CN), said he will step down from the board after a years-long power struggle saw the company fall under state control, Reuters reports....
Trump factor silences Russia concerns as Confed Cup kicks off

Simon Chadwick - Jun 21, 2017 12:49pm

You may not have noticed it, but FIFA’s Confederations Cup has just kicked off in Russia. The Confed Cup, as it is commonly called, is the football world governing body’s prelude to its staging of the...

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WORLD

Fosun, Wanda, Anbang and HNA being investigated: WSJ

Jun 22, 2017 4:59pm

Banks in China have been ordered to investigate loans made to the country’s top overseas deal makers, the Wall Street Journal reports. These include Anbang Insurance Group Co., HNA Group, Fosun International Ltd. (0656.HK) and Wanda Group. ...
China ‘straddling bus’ project gets terminated

Jun 22, 2017 12:12pm

A public–private partnership (PPP) project in China to build a futuristic “straddling bus”, a vehicle that would cruise over the top of cars and help resolve urban traffic woes, has officially been scrapped. The Transit Elevated...
IS blows up Mosul mosque where it declared ‘caliphate’

Jun 22, 2017 8:27am

Islamic State militants blew up the Grand al-Nuri Mosque of Mosul and its famous leaning minaret, Reuters reports, citing an Iraqi military statement, as Iraqi forces seeking to expel the group from the city closed in...
Teenager probed for shooting toy gun at Thai king in Germany

Jun 22, 2017 8:07am

German prosecutors said they were investigating a 14-year-old boy suspected of shooting plastic bullets from a toy gun at the King of Thailand who was cycling near Munich late one evening earlier this month. The king...
In high-level talks, US asks China to do more to rein in N Korea

Jun 22, 2017 7:58am

The United States pressed China to exert more economic and diplomatic pressure on North Korea to help rein in its nuclear and missile programs during a round of high-level talks in Washington on Wednesday. The meeting...

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Hong Kong

Hang Seng Index to snap 30,000 on better earnings outlook

The Hang Seng Index has risen nearly 20 percent this year if the dividends are also factored in. The question is, does it have further upside? We can try to answer the question by...
Mainland women spotted cooking noodles at HK airport

Chinese tourists have gained a bad reputation overseas, with the visitors often facing flak for things such as littering, jumping queues and talking loudly. Now, we have a fresh case of questionable behavior, at...
Roadshow to end broadcast on KMB buses from June 30

Roadshow Holdings Ltd. (00888.HK) will end its advertisement broadcast on Kowloon Motor Bus Co. (KMB) buses from June 30. In a statement in Mid-march, Roadshow said it would not submit a tender for a...
What to expect from Carrie Lam’s new cabinet

On the backdrop of the press conference introducing incoming Chief Executive Carrie Lam and her cabinet were the words “Innovative”, “Interactive”, “Collaborative” and “We Care”, “We Listen”, “We Act”. It seems that Lam would...
MTR passengers stranded in hour-long train service disruption

Around 150 MTR passengers were stranded for nearly an hour, with no lighting and air-conditioning, amid a service disruption on the South Island Line on Wednesday morning, Ming Pao Daily reports. An MTR Corporation spokesperson...
56% of prospective teachers not confident of landing job: poll

“So many graduates, so few vacancies.” This is the predicament faced by most of this year’s batch of prospective teachers. According to an online survey conducted by the Hong Kong Prospective Teachers Association from...
Man loses HK$440,000 in fake gold scam

A 27-year-old man and his 37-year-old companion from mainland China lost US$56,000 (HK$440,000) to swindlers who enticed them into buying two kilograms of fake gold. The younger man, surnamed Tong, called police from a...
Carrie Lam unlikely to push statutory standard working hours

The Executive Council (Exco) raced against time last week to pass the government proposal of implementing “contractual working hours” (CWH), which allows employers and employees to agree on the number of daily working hours...
What Carrie Lam can learn from Emmanuel Macron

After having wowed the world by becoming France’s youngest leader since Napoleon Bonaparte, the 39-year-old newly elected French President Emmanuel Macron once again swept to a stunning victory in the recent French parliamentary election....
Electricity pricing: Smart meters, dumb arguments

When restaurants charge you more at dinner than at lunch, is that a form of “price discrimination”? Not necessarily. If the restaurant serves a full house every night, but sees only a few tables...