Hong Kong

Cathay Pacific celebrates inauguration of Moscow service

Cathay Pacific celebrates inauguration of Moscow service

Moscow service marks airline’s 48th online passenger destination and second launching this year.

Hong Kong ranks sixth in global forex market

Average daily net turnover of foreign exchange transactions jumped 31.3% to US$237.6bln.

Dragonair resumes flight to Shanghai's Hongqiao Airport

Authorities agreed to open airport for flights between Hong Kong and China.

Hong Kong's insurance industry premiums up 14.5%

Net premiums rose 11.8% to $11.7bln while overall underwriting profit stood at $1.3bln.

Exchange Fund total assets up by $4.2bln

July total deposits rose 1.8%, with 1.1% and 2.5% rise in HK dollar and foreign-currency deposits.

AV Concept further acquires shares in Wavesquare and Accupix

Distributor becomes largest Wavesquare shareholder as it taps LED TV and 3D markets' potential growth.

EPI and SinoPec start delivery of drilling equipment

Drilling machinery and equipment expected to arrive at Buenos Aires in early October.

OOCL increases rate on Southeast Asia-Australia services

Rate up to US$300 per TEU to ensure high quality services to the region.

Foxconn International loss balloons at $143mln

Sales rose to $3.23bln from $3.16bln despite Nokia's reduced phone orders behind falling demand for smartphones.

Wharf profit up 28% to HK$4.2bln

Growth attributed to rising retail rents as company among top investors' picks with more conservative portfolio.

PetroChina profit up at $4.82bln

Despite earning from producing 439.1 million barrels, oil producer still missed forecast.

Hong Kong: A liquidity boom underpins a credit revival

Excess liquidity and very low interest rates will likely prevail given the potential for more capital flows into Hong Kong, according to Macquarie Research.

HK & China Gas profit down 1% to HK$2.97bln

Company continues to look for mainland gas projects with its China unit's profit up 34%.

OOIL posts first half profit at US$1.28bln

OOCL liftings increased 11.6% as it added four 8,063 TEU and five 4,578 TEU vessels.

New BlackBerry App World available in Hong Kong

BlackBerry App World continues to grow with catalog of applications that further enhance the BlackBerry experience.

Bright Smart's IPO 163 times subscribed

HK$237mln offer with price fixed at HK$1.60 per share primarily used to develop securities business.

NAR strikes long term deal with Sinosteel Trading

Strategic partnership aimed to broaden channel for the iron ore product sales.