Hong Kong
Hong Kong April foreign assets up by $27.5bn
Hong Kong April foreign assets up by $27.5bn
The monetary base amounted to $1.05tn, while claims on the private sector, reached $134.9bn and foreign liabilities, $500mn.
Hong Kong first quarter real GDP up 7.2%
The economy is poised for a real growth of 5%-6% for this year, up one percentage point from February forecast announced in February..
China Telecom and RIM launch BlackBerry Services for Chinese SMEs
Companies introduce BlackBerry Internet Service for small business customers, enabling users to send and receive email from up to 10 supported work and personal email accounts.
Air China April passenger traffic up 12.7%
Despite launching two new domestic flights between Hangzhou and Beihaion April 20 and between Wuhan and Hohhot, the carrier's international routes decreased by 1.3 percentage points.
Cathay Pacific and Dragonair April passenger volume up 4.1% to 2.26mn
Regional demand from Hong Kong surge behind Easter holiday while demand on North American and Southeast Asian routes remained robust.
Minmetals Land four months revenue soars 1100% to RMB1.81bn
The Company further enhanced its nationwide positioning through its 11 projects under development, located in 8 tier-1 and core tier-2 and tier-3 cities.
SFC orders Core Pacific-Yamaichi International to repurchase Lehman-linked products
The price would be equal to the principal amount invested by the customer minus any coupon payments received.
Hong Kong charges Merrill Lynch with $3mn fine
A probe found out that Merrill Lynch failed to properly assess the financial situation and investment objectives of 40 customers who invested in the index-linked notes in 2007.
3 government lots fetch HK$5.7bn
The auctioned parcels were Inland Lot No.8963 on Stubbs Road, New Kowloon Inland Lot No.6498 on Begonia Road, and Lot No.2086 in Demarcation District No.105.
OOCL expands its Scandinavian Express Service (SBX)
The company is committed to serve the growing Baltic markets as it increases in capacity and additional port coverage.
GDP may have advanced 6.5% in 1Q 2011
Sequentially, growth likely quickened to 2.1% QoQ from 1.5% in 4Q 2010.
ECS first quarter profit up 14.9% to HK$65.2mn
Gross margin improves to 5.1% from 4.7% a year ago during the same period as China sales shores up 31.9%.
Hong Kong March exports up 13.7%
The volume of total exports climbs 17.7%, and the volume of imports soars by 12.9% in the first quarter.
United Continental to launches daily service between Hong Kong and Tokyo
The move to boost connections to multiple US destinations for Hong Kong customers.
Pacific Andes second half revenue up 4.9% to HK$4.2bn
The company believes effects of El Nino and La Nina are have dissipated as it expects to be able to fully utilise its quota share.
Original ruling against Edward Eugene Lehman overturned in appeal
The Honourable Mr. Justice To imposed a fine of HK$200,000 against Lehman and awarded indemnity costs of HK$400,000 to the Plaintiffs.
Hong Kong beats Tokyo as most expensive office location in Asia Pacific
Hong Kong's Grade A CBD rents posted the strongest QoQ increase of 11.9 per cent in 1Q 2011.
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