Aviva puts Malaysian business on block – sources

May 9, 2012 | FINANCE

HONG KONG (Reuters) – British insurer Aviva plc has put its Malaysian operations on the block and is close to hiring a bank to help with the sale process, sources familiar with the matter told Reuters, in a deal potentially worth about $200 million (124 million pounds). Related Stories London finance firms seen cutting...

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Newsweek to Release Fourth Annual Green Rankings in October

May 9, 2012 | TELECOM

As it has since 2009, the magazine will evaluate the environmental performance of the world’s biggest companies. (more…) Related items MARKET CLOSE: NZ shares gain from 5-week low; Telecom rises Hutchison Could Sell UK Network if 4G License Terms are Not Favourable Hong Kong Stock Market Looking For Traction China Telecom 3G subscriber growth...

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A Billionaire Could Quietly Hatch From Angry Birds IPO

May 9, 2012 | OPPORTUNITY

Angry Birds is still going strong. Its parent company, Rovio, earned $67.6 million on sales of $106.3 million last year, and the Finnish firm is now preparing itself (for real this time, apparently) for an IPO that could take place in New York or even Hong Kong, (where the Angry Birds game and plush toys sell like...

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Global Business Travel Association Announces New Advisory Board Appointments for Asia

May 9, 2012 | TRAVEL

The Global Business Travel Association (GBTA) – the voice of the global business travel industry – has today announced the formation of its new Advisory Board for Asia. Having recently established its base in Asia with offices in Bangkok and Hong Kong, the new Advisory board will provide strategic direction for GBTA Asia as...

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Landlords Advance on Central Office Building Sale Report

May 9, 2012 | BUSINESS

Swire Properties Ltd. (1972) and Hongkong Land Holdings Ltd. (HKL) led shares of Hong Kong commercial landlords higher after newspapers reported that an office building in the Central business area sold for HK$4.9 billion ($631 million). (read on…) Related items Malaysian listed XiDeLang eyes dual listing in Hong Kong Britain's troubled Aquascutum fashion brand...

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Pacnet Appoints Nigel Stitt CEO of Its Australia and New Zealand Business

May 9, 2012 | BUSINESS

SYDNEY, AUSTRALIA– – Pacnet today announced the appointment of Nigel Stitt as Chief Executive Officer of its Australia and New Zealand business.With more than 21 years of IT and telecommunications experience, … (read on…) Related items Chinese Estates head to be prosecuted over bribery in Macau Research and Markets: Hong Kong Information Technology Report...

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Analysis: China gas reforms spark investment boom

May 9, 2012 | BUSINESS

HONG KONG (Reuters) – China's big state companies, confident on the outlook for domestic natural gas reforms, are buying up local distributors and raising fresh capital – and making gas the hottest prospect for energy investment in the world's top energy consumer. The prospects for expansion and acquisitions also have China's natural gas distributors...

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Hong Kong shares suffer 4th loss, China’s winning streak snapped

May 9, 2012 | REAL ESTATE

HONG KONG, May 8 — Hong Kong shares suffered a fourth straight loss today, as weakness in Chinese property developers helped reverse early gains with benchmark indices retreating from stiff chart resistance formed after yesterday’s big tumble. Mainland Chinese markets were also weaker, snapping a four-day winning streak as investors took profits … (read...

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DELHI BELLY to release in HONG KONG

May 9, 2012 | BUSINESS

After consecutive success of Hindi movies in HK, there has been more demand of content which has the ability to crossover and work with local audiences across culture and sensibilities. DELHI BELLY is a rip-roaring film that will release across 8 screens in UA Cinemas for the first week with Cantonese subtitles."It's a very...

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Delhi Belly to have a mainstream theatrical release in Hong Kong

May 9, 2012 | BUSINESS

UTV Motion Pictures will be releasing the 2011 blockbuster and critically acclaimed movie Delhi Belly on 10 May 2012 in Hong Kong… (read on…) Related items DELHI BELLY to release in HONG KONG Chinese Estates head to be prosecuted over bribery in Macau The Red Flag Group Appoints Adrian McBride as Executive Director and...

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Hong Kong bolsters ties with emerging economies

May 8, 2012 | NEWS

Bangkok (The Nation/ANN) – Hong Kong is continuing to foster trade relationships with emerging economies including Thailand as global economic power shifts from the West to the East, and is seeking membership in the Asean-China Free Trade Area (ACFTA). (read the story…) Related items HSBC: Hong Kong Remains Leading Yuan Offshore Market; London Complementary...

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Asia real estate investment drops in 1st quarter

May 8, 2012 | REAL ESTATE

HONG KONG (MarketWatch) — Commercial and industrial real estate investment in Asia tumbled 42% in the first quarter from the prior three-month period, signaling an across-the-board weakening, apart from Hong Kong where investment doubled, according to a report Tuesday by CBRE. The transactions, involving offices, retail complexes and industrial facilities, totaled $11.6 billion for...

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May 8: Hutchison Port, SIA Engineering, Cache Logistics, FJ Benjamin

May 8, 2012 | TELECOM

Singapore shares may see a cautious start on Tuesday after US stocks ended mixed and uncertainties about the euro zone debt crisis linger. Singapore’s benchmark Straits Times Index fell 2.19% on Monday to 2,924.95 points. Here are some stocks and factors to watch: Read more… (more…) Related items Asian Stocks Drop as S&P Puts...

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Hong Kong Builders Go West in China With Bet on Chengdu

May 8, 2012 | BUSINESS

Hong Kong developers are heading deeper into China to lure shoppers, investing at least $1.3 billion to build malls in Chengdu, the city vying with Chongqing as the economic hub of the country’s west. (read on…) Related items EV365 chooses Hong Kong as its First Cloud Connected Disaster Recovery Hub in Asia East Meets...

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Hong Kong turns factories into datacentres to fuel cloud growth

May 8, 2012 | BUSINESS

SAR aims to beat Singapore as leading Asian digital hub An innovative approach to datacentre development is helping to see off Hong Kong’s competitors and establish it as the number one cloud computing hub in Asia, according to the government CIO, Daniel Lai.… (read on…) Related items Chinese Estates head to be prosecuted over...

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Saving Energy While Riding: Hong Kong Theme Park Includes Energy Efficient Technology on Some of World’s Longest …

May 8, 2012 | BUSINESS

With rising CO2 emissions in and around Hong Kong and China, Ocean Park Hong Kong teamed up with US clean-tech company Power Efficiency Corporation to incorporate energy-efficient (read on…) Related items Chinese Estates head to be prosecuted over bribery in Macau Research and Markets: Hong Kong Information Technology Report Q2 2012 Hong Kong: The...

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Hong Kong bubble? Housing prices rise.

May 8, 2012 | REAL ESTATE

In February, the price of residential properties  in Hong Kong increased a notable 2.05 percent since January and climbed 5.96 percent above the level seen in February 2011. (read the news…) Related items Hong Kong housing bubble? Li Tops Hong Kong Rich List as Wealthy Get Poorer, Forbes Says Hong Kong Home Prices May...

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HKEx chief confident on buying LME; Q1 profit dips

May 8, 2012 | BUSINESS

HONG KONG (Reuters) – Hong Kong Exchanges and Clearing Ltd said it was confident of winning an auction to take over the London Metal Exchange (LME), the world's largest metals trading market, as it looks to China to drive new business growth in the face of declining stock market activity. Speaking after the world's...

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China Rich List Shipper's Shares Gain In Hong Kong On Volume Growth (Update)

May 8, 2012 | BUSINESS

Shares in SITC International Holdings, one of China?s largest non-government controlled shipping and logistics companies, rose in Hong Kong today after it said business volumes improved in the first quarter of the year. (read on…) Related items Hong Kong's Insurance Business Continues Growth Hong Kong Credit Growth Risks Bad Loans Amid EU Crisis, IMF...

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Tantocos get Hong Kong partner for Rustan's supermarkets

May 8, 2012 | BUSINESS

MANILA, Philippines – The Tantoco family behind the Rustan's retail empire has gotten a unit of Hong Kong's Jardine Matheson as its partner in their supermarket business. (read on…) Related items Chinese Estates head to be prosecuted over bribery in Macau The Red Flag Group Appoints Adrian McBride as Executive Director and Vice President...

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GuestLogix Strengthens Presence in Asia-Pacific Region with Opening of Headquarters in Hong Kong

May 7, 2012 | NEWS

TORONTO, ONTARIO and HONG KONG, CHINA– – GuestLogix Inc. , the leading global provider of onboard retail and payment technology to airlines and the passenger travel industry, today celebrates the opening … (read the story…) Related items Chalco and Ivanhoe Mines Note Status Of SouthGobi Resources SouthGobi Resources Announces Extension to Expected Closing Date...

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