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.
aia shares soar 12 per cent on trading debut

AIA shares soar 12 per cent on trading debut

Shares in the Asian unit of troubled US insurer AIG soared 12 per cent on their trading debut in Hong Kong on Friday, opening at 22.05 Hong Kong dollars ($2.84).
vna opens da nang hong kong air route to boost trade linkages

VNA opens Đa Nang-Hong Kong air route to boost trade linkages

Việt Nam Airlines (VNA) last week in Hong Kong sealed a contract with Vietlink International Freight Forwarders Co. Ltd. to operate 46 rental flights linking Viet Nam’s central city of Đa Nang and Hong Kong.
thousands evacuated as typhoon megi closes in on china

Thousands evacuated as Typhoon Megi closes in on China

At least 160,000 people were evacuated from southern China Thursday as Typhoon Megi, one of the most powerful storms to hit the region in years, bore down, bringing with it the threat of devastation.
slowdown fears as china rate hike sends asian stocks lower

Slowdown fears as China rate hike sends Asian stocks lower

HONG KONG, October 20, 2010 - Most Asian stocks slipped Wednesday on fears of a slowdown in the Chinese economy after Beijing announced its first interest rate rise in three years.
slowdown fears after china rate hike sent asian stocks lower

Slowdown fears after China rate hike sent Asian stocks lower

HONG KONG, October 20, 2010 - Fears of a slowdown in the Chinese economy after a rise in interest rates led to a sell-off in Asian stocks on Wednesday.
asian markets edge higher on hint of us optimism

Asian markets edge higher on hint of US optimism

HONG KONG, October 19, 2010 - Asian shares mostly edged higher on Tuesday as a touch of optimism crept into market sentiment after strong earnings reports in the United States.
aia share sale set to close early on strong demand

AIA share sale set to close early on strong demand

HONG KONG, October 18, 2010 - The share sale of the Asian unit of US life insurer AIG could close two days early due to stronger-than-expected demand, a report said on Monday.
hong kong stocks fall 040 percent

Hong Kong stocks fall 0.40 percent

HONG KONG, October 15, 2010 - Hong Kong shares slipped 0.40 per cent Friday as traders took profits from strong gains in the previous two sessions.