BUSINESS

Costs, slowdown denting armour of China's Big Four banks

HONG KONG (Reuters) – Bank of China's weaker-than-expected first-quarter earnings sets a muted tone for its three peers that report on Friday, with banks facing growing pressure as more borrowers struggle to repay loans in the face of a slowing economy. The world's second-biggest economy grew at its slowest pace in nearly three years...

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Seminar will help exporters to look east

The Chamber of Commerce is looking to open doors for local businesses to trade internationally, specifically targeting the Asian markets. (read on…) Related items Asian markets mixed on thin Boxing Day trade Growing Demand for US Products and Services in Asia Clean water focus for UQ Global Challenges Leadership series in Hong Kong Samsonite...

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Wal-Mart probe lifts lid on culture of bribery in Mexico

MEXICO CITY (Reuters) – Whether you are the world's No. 1 retailer or a humble street vendor, paying public officials a bribe may be the quickest way to get your business growing in Mexico. Related Stories Commodities, banks lead FTSE fall on euro zone worries Hong Kong watchdog punishes underwriter for lax IPO standards...

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Big fine for Hong Kong IPO sponsor

Hong Kong's market regulator has hit the sponsor of a 2009 new listing with the biggest fine it has imposed to date in another sign of its crackdown on lax practices after a flood of problematic listings of businesses from China. (read on…) Related items Jeweller Graff launches Hong Kong IPO roadshow Jeweller Graff...

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Alpha Omega Solutions and Consultancy Services Ltd Becomes FINCAD Channel Partner in Hong Kong

VANCOUVER and HONG KONG, April 24, 2012 /PRNewswire/ –  FINCAD , the market leader for innovative OTC derivatives solutions , announced today that Alpha Omega Solutions and Consultancy Services Ltd, a … (read on…) Related items Hong Kong: The Most Business-Friendly City in the World ACL Semiconductors Inc. Reports First Quarter 2012 Financial Results...

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Bo Xilai Clan Links Included Citigroup Hiring of His Elder Son

Among the Citigroup Inc. (C) bankers gathered in Hong Kong on Aug. 11, 2006, with the mayor of the northeastern Chinese city of Tieling to discuss investments in an industrial park was the son of a powerful China princeling. (read on…) Related items Hong Kong In Transition: The Old Guard Is Losing Some Control...

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Analysis: Gulf in China bond spreads shows foreigners' credit fears

SHANGHAI/HONG KONG (Reuters) – To foreign bondholders of Fosun International, concerns seem to be growing around the business prospects of the Chinese industrial conglomerate. To its onshore Chinese bondholders, however, the business outlook looks rosy. The situation is the same at China Shanshui Cement Group . The yuan notes it issued in October 2010...

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Hong Kong stocks post modest losses, but AIA rises

HONG KONG (MarketWatch) — Hong Kong shares retreated Friday as weak U.S. jobs data and a pullback on Wall Street pressured commodity stocks and most financials, although insurer AIA Group Ltd. climbed after reporting strong operational data for the first quarter. The benchmark Hang Seng Index fell 0.4% to 20,906.94 and the Hang Seng...

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IHT Rendezvous: Attention Expats: Singapore is Better Than Hong Kong

Singapore tops Hong Kong on a quality-of-life survey, again. The gap is smaller this year, but only because Tokyo and Yokohama suffered through a natural disaster. So tell us, why do you live in Hong Kong? (read on…) Related items HSBC sells insurance units in Asia, South America Julius Baer to buy Macquarie’s Asia...

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DealBook: Haitong Raises $1.7 Billion in Hong Kong Share Sale

The Chinese brokerage firm Haitong Securities has raised $1.7 billion through the sale of shares in Hong Kong, the largest public offering in the world so far this year. (read on…) Related items Exclusive: New link emerges between Japan’s Olympus and veteran EXCLUSIVE – New link emerges between Japan’s Olympus and veteran banker Exclusive...

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