Archive for March 3rd, 2012
Sentiment brightens
Asian markets’ upward trend since the start of the year continued yesterday as optimism was boosted by a fresh set of upbeat US data and positive news from the [...]
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Cash-strapped Khmer Rouge court gets new funds
Cambodia’s UN-backed war crimes court said Friday it had secured much-needed new funding from foreign donors, enabling it to pay hundreds of workers who have not [...]
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UK’s White Cube opens HK gallery as Asia art booms
Britain’s White Cube gallery, known as an early champion of provocative British artists Damien Hirst and Tracey Emin, launched its Hong Kong branch on Thursday, [...]
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HK’s first major IPO of 2012 falls on debut?
China-backed Canadian oil explorer Sunshine Oilsands Ltd saw its shares fall 3.1 percent on their trading debut in Hong Kong on Thursday, underscoring tepid demand for new [...]
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HK billionaire steps aside for son
Cheng Yu-tung announced on Wednesday that he would retire from his position as chair of conglomerate New World Development. The 86-year-old founder was ranked by Forbes as [...]
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Retail sales rise less-than-estimated 15pct on year
Hong Kong’s retail sales rose less than analysts forecast in January, limiting gains to the city from Lunar New Year holiday spending. Sales increased 14.9 percent from [...]
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HK to be hub for tourists using China’s high-speed trains
As China’s high-speed rail network slowly pieces itself together, travel agents down in Hong Kong are preparing to make full use of the system as they continue to help [...]
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Wife of Taiwan’s jailed ex-leader urges his release
The wife of Taiwan’s jailed ex-president Chen Shui-bian said Thursday that her husband is sick and should be hospitalised rather than being treated in prison where he [...]
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Taiwan economic indicator declines for January?
Taiwan’s overall economic monitoring indicator flashed a blue light for the third consecutive month in January, meaning that the economy has contracted and the business [...]
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Korean manufacturing expands?
South Korea’s manufacturing activity expanded for the first time in seven months in February, backed by a rise in export orders, according to data released by HSBC [...]
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Korean February inflation eases?
South Korea’s inflation eased for a second consecutive month in February to a 14-month low as the government pushed to curb price rises, official figures showed Friday. [...]
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Korea recoups 60.9pct of bailout funds?
South Korea has recouped 60.9 percent of the public funds it injected to bail out troubled financial firms during the 1997-98 Asian financial crisis, the country’s [...]
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U-2 spy planes keep watch on N Korea?
As a sleek black U-2 roared back from a mission, Pontiac muscle cars zoomed along the runway to help it touch down using a low-tech method dating back more than half a [...]
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China backs US-N Korea nuclear freeze deal
China Thursday welcomed North Korea’s agreement to freeze nuclear activities in return for massive US food aid, a deal that raised cautious hopes of eased tensions [...]
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Korea posts trade surplus of $2.2b in Feb
South Korea posted a trade surplus of $2.20 billion in February buoyed by a steady rise in overseas demand for locally made goods, a government report showed Thursday. The [...]
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