Cathay makes pay offer to pilots: company

Cathay Pacific and its pilots union have reached a tentative pay deal, a company spokeswoman said Monday, averting possible labour action over the busy holiday period.

Goldman Sachs star to launch major Asian hedge fund: report

A star player at troubled US banking titan Goldman Sachs is set to leave his post and set up a Hong Kong-based hedge fund that could be one of the largest in Asia, a report said Thursday.

Asian stocks sluggish after Wall Street gains

Asian stock markets reacted sluggishly Wednesday to gains on Wall Street, with Tokyo held back by a downturn in Japanese business confidence.
hong kong shares gain 034 per cent shanghai slips

Hong Kong shares gain 0.34 per cent, Shanghai slips

Hong Kong shares ended 0.34 per cent higher on Thursday as dealers took their cue from rises on Wall Street, but Shanghai languished amid expectations of action by Beijing to cool the economy.
aig shortlists two bidders for taiwan unit report

AIG shortlists two bidders for Taiwan unit: report

US insurance giant AIG has shortlisted two firms among five original bidders for its Taiwan unit, Nan Shan Life, a report said Thursday.
the asset picks acb as best domestic bank

The Asset picks ACB as Best Domestic Bank

The Hong Kong-based Asset Magazine has named ACB the Best Domestic Bank 2010 in Vietnam, making the group the award winner two years in a row.
vietnam learning lessons from developed asian real estate markets

Vietnam learning lessons from developed Asian real estate markets

A recent conference suggested trends have proven to keep investors focused on upper-scale real estate projects for high-income earners rather than the economical housing segment.
fourth generation internet arrives in hong kong

'Fourth generation' Internet arrives in Hong Kong

The latest generation of wireless Internet that will allow people to watch a crystal clear movie or live sporting event on the street or atop a hill is being deployed throughout Hong Kong.

Galeries Lafayette to open store in China in 2013

French department store Galeries Lafayette said Wednesday it planned to open its first outlet in China in 2013 and could open 14 more if a joint venture with Hong Kong-based fashion retailer IT worked out.

China to issue bonds worth 8 billion yuan in Hong Kong

China said Monday it would issue yuan-denominated government bonds worth $1.2 billion in Hong Kong, in its second RMB bond sale as Beijing tries to internationalise its currency.

Cathay Pacific expects to almost triple profit this year

Cathay Pacific said Monday that it expects to nearly triple its full-year profit as the carrier bounces back from the global financial crisis.

Cathay Pacific considers legal options after European fine

Cathay Pacific said Wednesday it was considering its legal options after the European Commission fined the Hong Kong airline for running a global cargo cartel with 10 other carriers.
ace life expanding operations in asia

ACE Life expanding operations in Asia

ACE Limited, parent company of ACE Life Vietnam, has signed a definitive agreement to acquire New York Life’s life operations in Hong Kong and Korea.
singapore still top for small business says report

Singapore still top for small business, says report

Singapore remains the easiest place in the world for small and medium sized firms to do businesses but rival Hong Kong gained on it as it came second in a World Bank report released Thursday.

Bank of China confirms $8.9 billion rights issue

Bank of China on Friday confirmed plans to raise almost nine billion dollars in a rights issue in Shanghai and Hong Kong to strengthen its capital base.