Date
17 January 2017

Business

  • If you have to hire new people or invest in new software and hardware for one-off or short-term projects, you might as well outsource them. Photo: mindpluckd

    Tips for outsourcing projects

    - Jan 17, 2017 4:39pm
    Business expansion is one of the sensitive periods in the business lifecycle. Every change or a decision made during this process has to be based on accurate data and any partnerships have to be made very...
  • Although home prices have surged to record highs, property stocks in Hong Kong largely trade at a deep discount to net asset value. Photo: HKEJ

    HK equities: Avoid buying in a rangebound market

    - Jan 17, 2017 4:34pm
    Financial markets will be keeping a close eye on developments in the United States and the United Kingdom in the coming days. In the US, Donald Trump will be sworn in as the nation’s 45th President...
  • Sunac's Sun Hongbin is investing in LeEco as part of a diversification strategy. Photo: Bloomberg

    Why property developer Sunac bought into LeEco

    - Jan 17, 2017 12:11pm
    Over a six-hour dinner, Sun Hongbin, boss of China’s seventh largest property developer decided to splurge 15 billion yuan to bail out the debt-laden technology conglomerate LeEco. Sun revealed at a press conference on Sunday that...
  • China's credit-fueled recovery could be storing up deeper problems, the IMF warns. Photo: Bloomberg

    IMF raises China 2017 growth forecast to 6.5% on stimulus

    Jan 17, 2017 9:43am
    The International Monetary Fund (IMF) announced Monday that it has raised its forecast for China’s economic growth for this year by 0.3 percentage points to 6.5 percent on expectations of continued government stimulus. While growth has...
  • Tom Enders expects Airbus to fly a demonstration vehicle for single-person transport by the end of the year. Photo: Reuters

    Airbus CEO sees ‘flying car’ prototype ready by end of year

    Jan 17, 2017 8:07am
    Airbus Group plans to test a prototype for a self-piloted flying car by the end of the year as a way of avoiding gridlock on city roads.  Airbus last year formed a division called Urban Air...
  • Sunglasses from Ray Ban, a Luxottica-owned brand, are on display at an optical shop in Hanau, Germany. The merger with Essilor will create an eyewear giant with annual revenue of 15 billion euros. Photo: Reuters

    Luxottica and Essilor seal 46 bln euro eyewear merger

    Jan 17, 2017 7:55am
    Italy’s Luxottica and France’s Essilor have signed a 46 billion euro (US$49 billion) merger to create a global eyewear powerhouse with annual revenue of more than 15 billion euros. The all-share deal is one of Europe’s...
  • Among the uncertainties that the financial world faces this year is whether Donald Trump can deliver on his campaign promises. Photo: Reuters

    Why 2017 is not the time for investors to be brave

    - Jan 16, 2017 5:27pm
    The investment world witnessed various black swan events last year. Now, 2017 could also turn out to be a year full of uncertainties and grey swans, if not black. In Europe, UK will kick off the...
  • Lianjia’s founder Zuo Hui sharpens his highly disciplined management approach by using big data technology to closely monitor his sales team. Photo: read01.com

    How a China property agent uses big data technology

    - Jan 16, 2017 10:35am
    In a recent deal, property developer Sunac China Holdings (01918.HK) agreed to pay 2.6 billion yuan (US$376.83 million) for a 6.25 percent stake in Beijing-based online real estate agency Lianjia. The deal put Lianjia’s valuation at...
  • Chief executive Ivan Chu is expected to unveil the results of a review of the airline's operations on Wednesday. Photo: Bloomberg

    Cathay set for overhaul

    Jan 16, 2017 8:54am
    Cathay Pacific Airways (00293.HK) is expected to announce job cuts, cost reductions and shifting of flights to its short-haul arm when it unveils the results of a key review this week. The 71-year-old Hong Kong airline is...
  • Li Keqiang says China will ensure the nation's economy runs smoothly and will improve the quality and efficiency of growth. Photo: Reuters

    China economy faces more pressure, global uncertainty

    Jan 16, 2017 7:44am
    China’s economy will face more pressure and problems in 2017, with changes in global politics and challenges to economic rules adding further uncertainty to the outlook, Reuters reports. Premier Li Keqiang said China will ensure the nation’s...
  • Despite the overall robust demand for property in China, home prices edged up just marginally in northeast China amid population outflows, low private investment and a poor job market. Photo: China.com.cn

    Northeast China: The toughest nut to crack

    - Jan 13, 2017 5:18pm
    Northeast China, a former heavy industry hub, is in deep trouble as the country struggles to transform its economy. The three northeastern provinces — Liaoning, Jilin, Heilongjiang — used to be the heartland of China’s steel,...
  • Chikaranomoto Holdings, the operating entity of Ippudo, plans to list in Tokyo to raise funds for its international expansion. Photo: Ippudo

    Will ramen restaurant chain Ippudo win hearts of mainlanders?

    - Jan 13, 2017 11:04am
    Japanese ramen restaurant chain Ippudo seeks to list in Tokyo to raise funds for its international expansion. Chikaranomoto Holdings, the operating entity of Ippudo, has filed an application with the Tokyo Stock Exchange to list as...
  • Mainland property giant China Vanke has seen another twist in the boardroom power struggle saga. Photo: Bloomberg.

    China Resources sells Vanke stake to Shenzhen Metro

    Jan 13, 2017 9:12am
    China Vanke Co. (02202.HK, 000002.SZ) said on Thursday that its second largest shareholder, China Resources Group, will sell its entire 15.31 percent stake to Shenzhen Metro Group. Under the deal, Vanke will see 1.69 billion A-shares listed...
  • Following a dip in revenues, Morgan Stanley is said to have resorted to cost-cutting measures in its investment banking operation. Photo: Reuters

    Morgan Stanley lays off bankers, cuts bonuses: report

    Jan 13, 2017 8:40am
    Morgan Stanley laid off a number of senior investment bankers last week and cut bonuses by roughly 15 percent in a bid to cut costs following a business slowdown, Reuters reports, citing people with knowledge of...
  • The anticipated Takata settlement caps a government probe stemming from the largest automotive recall in US history. Photo: AP

    Takata expected to pay US$1 bln to settle US air-bag probe

    Jan 13, 2017 8:17am
    Automotive supplier Takata Corp. is expected as soon as Friday to plead guilty to criminal wrongdoing and pay roughly US$1 billion to resolve a US Justice Department probe of the Japanese company’s handling of rupture-prone air...
  • Low real mortgage rates and an expected delay in actual delivery of new supply suggest the local property market will stay robust for the time being. Photo: HKEJ

    Will higher rates hit HK property prices right away?

    - Jan 12, 2017 5:12pm
    Market opinions are fairly divided over the prospect of Hong Kong housing prices this year. I believe there is further upside, although moderate, before housing prices start to level off by the end of the year....
  • Had investors sold properties based on Beijing’s pledge to rein in real estate prices a couple of years ago, they would have missed one of the biggest rallies. Photo: Reuters

    Why it’s tough to make policy-driven investment bets

    - Jan 12, 2017 10:58am
    In the old days, it was often said that the key to career success for officials is knowing what’s on the king’s mind. Investors have been applying that thinking to investing in Chinese firms. It did...
  • Samsung's Lee Jae-yong will be questioned by South Korean special prosecutors in connection with a bribery investigation. Photo: Reuters

    Samsung heir named a suspect in S Korea bribery probe

    Jan 12, 2017 8:53am
    Samsung Electronics vice-chairman Lee Jae-yong has been named as a suspect in a bribery probe, drawing the nation’s biggest business group deeper into a political scandal that has led to the impeachment of South Korea’s president. The third-generation...
  • The People's Bank of China has stepped up supervision on bitcoin exchanges amid concerns over illegal activities. Photo: Bloomberg

    PBoC conducts spot inspections of bitcoin exchanges

    Jan 12, 2017 8:29am
    Chinese authorities carried out inspections of bitcoin exchanges in the country amid concerns over possible market manipulation, money laundering, unauthorized financing, currency conversion and other activities. The Shanghai and Beijing branches of the People’s Bank of...
  • Donald Trump speaks during a news conference in the lobby of Trump Tower in New York City on Wednesday. Photo: Reuters

    Trump vows ‘major border tax’ on foreign-made US products

    Jan 12, 2017 8:08am
    US President-elect Donald Trump on Wednesday warned of a “major border tax” on firms that shift jobs outside the United States, echoing the threats made during his election campaign. “You want to move your plant, and...

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