Date
22 May 2015

BUSINESS

  • Nothing is official about a planned restructuring of China’s big three oil companies, according to the new chairman of CNOOC Ltd. (00883.HK). Yang Hua said he is not aware of any such revamp taking place anytime soon,...
  • Sands China Ltd. (01928.HK) is offering a vocational training program for croupiers to help them find other jobs amid Macau’s sputtering gaming sector, the Hong Kong Economic Journal reported Friday. The six-month program will train them for positions in...
  • BOC Hong Kong (Holdings) Ltd. (02388.HK) is planning to divest its equity interest in Nanyang Commercial Bank Ltd. with a view to shifting its focus to Southeast Asia. BOCHK and its parent, Bank of China Ltd. (03988.HK), have been...
  • For decades Li & Fung Ltd. has been helping western brands navigate the supply chain in China, Vietnam, Bangladesh and other low-cost countries. By connecting Tommy Hilfiger, Abercrombie & Fitch, Aéropostale and other brands with manufacturers in...
  • Pan Sutong made US$22 billion this year and then lost most of it. He says he doesn’t care. The little-known electronics and property tycoon, who is based in Hong Kong, jumped to No. 4 on Bloomberg’s...
  • Saudi Arabia may stop producing fossil fuels by the middle of the century and go into solar and wind energy. The stunning revelation by the world’s biggest oil exporter was made by oil minister Ali al-Naimi,...
  • Half a year ago, things were very different in the eurozone. There was talk of a third bailout package for Greece. It was going to be smaller, but at least there was talk of it. The...
  • Vanguard, the world’s largest manager of mutual funds and second-largest provider of exchange-traded funds (ETFs), launched the first ETF that passively tracks the S&P 500 on the Hong Kong stock exchange Thursday. The Vanguard S&P 500 ETF...
  • Japan could generate billions of US dollars in revenue annually if it allows casinos to operate. While consensus is still needed for approval, a bill legalizing the industry is up for review in the current session of the...
  • Will China’s A-shares be included into the MSCI Emerging Markets Index in June? If not, when? These thoughts are on investors’ minds as they search for clues to determine the market’s prospects and whether they should...

WORLD

  • Walt Disney Co. may take its MyMagic+ program to the company’s other theme parks after a positive experience with the mobile technology at the firm’s flagship resort in Florida. “The folks who are saying the MyMagic+ experience...
  • Indonesia has sunk 41 foreign boats, including a large Chinese vessel, this week as part of a campaign to stop illegal fishing in the country’s waters. Authorities sank the vessels in public displays at several sites...
  • Islamist militants have seized control of nearly half of Syrian territory after their capture of the ancient city of Palmyra. On Thursday, the extremists claimed “complete control” of Palmyra, home to a Unesco world heritage site, sparking fears...
  • German Chancellor Angela Merkel has dashed hopes of Ukraine becoming a member of the European Union during the group’s Eastern Partnership summit in Latvia. The Eastern Partnership is not an EU enlargement policy instrument, Merkel told legislators...
  • Malaysian Prime Minister Najib Razak has unveiled a US$72 billion plan to revive slowing economic growth amid a collapse in oil prices and attacks from political rivals over a troubled development fund. Najib said Thursday his five-year plan...
  • China and the United States are ramping up a word war after a tense exchange in the South China Sea. Beijing is insisting it’s entitled to keep watch over airspace and seas surrounding artificial islands it...
  • Japanese Prime Minister Shinzo Abe has unveiled a plan to expand Japan’s financing for infrastructure projects in Asia by 30 percent. The move suggests Tokyo intends to counter a new regional investment bank spearheaded by China,...
  • He’s outta here. After more than 6,000 broadcasts and 33 years in late-night television, David Letterman took the stage at the Ed Sullivan Theater for the final time on Wednesday. It was a mix of irreverence...
  • When Gummi Olafsson wants to move his right foot or lower leg, his brain can’t send the signals to them that ordinary people’s brains do. That’s because his right foot and lower leg aren’t there any more....
  • A gangster turned international model who went on the run in Australia was arrested in a swimwear shoot sting. Ben Fiberesima featured in campaigns for some of the world’s top fashion houses while wanted by British...

COMMENTARY

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