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Shuttler Sai Praneeth upsets second seed in Singapore
After sending Taufik Hidayat into retirement, India's B. Sai Praneeth caused another big upset by defeating second seed Yun Hu of Hong Kong in the men's singles first round of the Singapore Open Super Series here Wednesday. The 20-year-old Sai, ranked 61 in the world, thrashed World No.4 Hu 21-9, 21-10 in exactly half an hour at the Singapore Indoor Stadium to level his head-to-head to ...
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Sex tape official stands trial in China
The trial of a former official embroiled in a sex tape scandal opened Wednesday in a court in southwest China's Chongqing city. The Chongqing No.1 Intermediate People's Court will hear the case of Lei Zhengfu, former secretary of Chongqing's Beibei district committee of the Communist Party of China (CPC). Lei, who also stands accused of accepting bribes, was dismissed from his post and placed ...
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Huawei introduces worlds thinnest smartphone Ascend P6
China's telecom giant has unveiled the world's slimmest android-based smartphone- Ascend P6. The smarthphone is 6.18mm thick and has a 5 megapixel front camera for high quality self portraits. Huawei stated that it has 4.7in screen and is more than 3mm thin. If compared to the iphone 5 and the Alcatel One Idol Ultra which are known to be the slimmest phones yet, Ascend P6 is slimmer but ...
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Chinese official executed for raping 11 girls
An official in central China's Henan province was executed Tuesday for raping 11 girls, sources said Wednesday. Li Xingong, former deputy secretary general of the Yongcheng city committee of the Communist Party of China (CPC), was arrested in May 2012 on charges of raping several girls starting from the second half of 2011, reported Xinhua. The Shangqiu City Intermediate People's Court later ...
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China eager for Iranian nuclear talks
The Chinese government expects peaceful nuclear negotiations will continue through multilateral dialogue with Iran, a government spokeswoman said. Iranian delegates joined officials from the five permanent members of the U.N. Security Council and Germany in a second round of nuclear negotiations in Kazakhstan in April but made few breakthroughs. February talks in Kazakhstan included efforts to ...
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First ETF launched on Portuguese market
Exchange Traded Funds (ETFs) provider SPA ETF has signed an agreement with NYSE Euronext and Portuguese bank Caixa – Banco de Investimento (CaixaBI) to list and distribute the first ever ETF in Portugal. The SPA ETF PSI-20 will be listed on the NYSE Euronext in Portugal, tracking the PSI-20, which is the Portuguese Stock Index, and opening the Portuguese ETF market to retail and ...
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Hong Kong June CPI climbs to 5.6 pct on rising rents and pork prices
Hong Kong's Consumer Price Index (CPI) in June climbed to 5.6 percent from a year ago, higher than the 5.2 percent rise in May, mainly due to the enlarged increases in private housing rentals, as well as the charges for household services and the prices of pork, the city's statistics department said here on Thursday. Netting out the effects of all the one-off relief measures from the ...
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Hong Kongs liquefied petroleum gas prices to fall in August
Hong Kong's liquefied petroleum gas (LPG) ceiling prices at LPG stations will range from 4.44 HK dollars (0.57 U.S. dollars) to 4.86 HK dollars per liter in August, down 25 to 26 cents per liter, the city's Electrical and Mechanical Services Department said here on Thursday. It said the adjustment reflects the movement of the international LPG price in ...
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ASEAN China eye more cooperation in search rescue in South China Sea
Some 40 representatives from ASEAN and China Wednesday attended a workshop on strengthening ASEAN- China cooperation in search and rescue of persons and vessels in distress in the South China Sea.Addressing the workshop, Pham Quang Vinh, Vietnamese deputy minister of foreign affairs, said the workshop is a part of the implementation of the Declaration on the Conduct of Parties in the South China ...
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Shanghai shares hit 6-mth low as easing hopes dashed Hong Kong suffers too
Wed Jun 19, 2013 4:53am EDT * Indexes: HSI -1.1 pct, H-shares -1.5 pct, CSI300 -0.7 pct * Reported IPO resumption, property tax expansion hit A-shares * Defensives slide in HK as investors await Fed outcome * Mengniu spikes after $1.6 bln Yashili takeover offer By Clement Tan HONG KONG, June 19 (Reuters) - Shanghai shares closed at their lowest since mid-December, exerting pressure on Hong Kong ...
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Hong Kong shares end down 1.1 pct in 1st loss in 4 days
HONG KONG, June 19 | Wed Jun 19, 2013 4:07am EDT HONG KONG, June 19 (Reuters) - Hong Kong shares had their first loss in four days, with cyclical counters hurt by dashed hopes for monetary easing in China and pressure on defensive plays ahead of policy statements by the U.S. Federal Reserve. The Hang Seng Index ended down 1.1 percent at 20,986.9 points in its first decline since last ...
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Hong Kong stocks edge lower ahead of Fed HSBC up
HONG KONG (MarketWatch) -- Hong Kong stocks pulled lower in cautious trade Wednesday as investors awaited the Federal Reserve's monetary-policy decision for clues on its bond purchases. The Hang Seng ...
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Hong Kong Investigates HSBC for Manipulating Rates
Hong Kong's de facto central bank said on Tuesday that its investigation into possible benchmark rate manipulation has been extended to include HSBC and a number of other banks.The Hong Kong Monetary Authority (HKMA) announced in December that it was investigating UBS about possible misconduct relating to its submissions for the Hong Kong Interbank Offered Rate ...
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Profit Drops At Hong Kong Billionaire Cheng Yu-tungs Chow Tai Fook Jewelry Chain
Chow Tai Fook, the Hong Kong-based jewelry chain controlled by billionaire Cheng Yu-tung, on Monday net profit fell by 13% in the 12 months to March 31 amid slower economic growth and retail sales gains in mainland China last ...
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Scholar urges Hong Kong to address cultural gap
/enpproperty--> A top Hong Kong scholar has called on the special administrative region to bridge cultural and social differences with the mainland, in a bid to boost its waning competitiveness. In a report published on Tuesday, Gui Qiangfang, president of the China Institute of City Competitiveness, said Hong Kong's comprehensive competitiveness, including social, environmental ...
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US State Department Screaming passenger who disrupted Hong Kong flight once worked at agency
NEWARK, N.J. - A U.S. State Department spokeswoman says a man who ranted about national security and screamed "I'm dead" during a flight from Hong Kong once worked at the agency. The spokeswoman said Tuesday that the passenger ended his time at the department in 2006. She gave no details about his job or why he no longer works there. The man started screaming nine hours into a ...
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Hong Kong Welcomes Edward Snowden to the Neighborhood
Edward Snowden has emerged as a popular figure in Hong Kong, where he has been based since fleeing the U.S. (Kin Cheung/AP) HONG KONG -- It may still be early in Edward Snowden's attempt to find safe haven here, but a new poll and a weekend rally demanding that the local government protect Snowden indicate that the people and government of this semi-autonomous region of China may be taking ...
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Quality Building Award 2014 Opens for Nomination NOW
New award category is specially opened for Mainland China, Taiwan and Macau HONG KONG, June 18, 2013 /PRNewswire/ --Chaired by the Building Division of the Hong Kong Institution of Engineers, the Organizing Committee of Quality Building Award ...
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China has arrested 118 linked to pollution investigations
Chinese police have arrested 118 people in investigations into environmental pollution cases since January, the Ministry of Public Security said Tuesday. Of the 118 arrests, 24 people have been charged by prosecutors and await trial, the ministry said in a statement. The ministry began a national campaign against environmental polluters earlier this year, and as part of that campaign, they ...
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Flooding in China damages 2033 acres of farmland
Torrential rains in northwest China have destroyed some 2,033 acres of farmland, affecting more than 17,000 people, local officials said Tuesday. The rains began Friday in much of China's Xinjiang Uygur Autonomous Region, including Aksu, Hotan, Kashgar and Kisilsu Kirghiz Autonomous Prefecture, the state-run Chinese news agency Xinhua reported. The flooding and landslides destroyed ...
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Chinese confiscate 213 illegal bear paws arrest two Russians
Two Russians were detained by Chinese police after 213 bear paws were found inside a passenger van trying to enter northern China's Inner Mongolia region. The bear paws, worth about $400 a pound in China, were hidden inside the tires of the van, China Daily reported. The Chinese believe bear paws have a high nutritional value. To date this is the largest bear paw smuggling case in China, ...
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Video Macau casino miracle as explained by Galaxy CEO
How did a little-known construction company go on to run one of the biggest gambling operations in the world? Francis Lui, CEO of Macau's Galaxy Entertainment Group, explains his strategy and ...
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Hong Kong probes HSBC other banks
Hong Kong's de facto central bank said on Tuesday that its investigation into possible benchmark rate manipulation has been extended to include HSBC and a number of other ...
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Hong Kong technology delegation heads to Dalian
A Hong Kong information and communications technology (ICT) delegation departed for Dalian on Tuesday to attend the 11th China International Software and Information Service Fair (CISIS) and promote ICT exchange and co- operation between Hong Kong and the Chinese mainland.The delegation was led by the city's Commerce and Economic Development Bureau with around 50 members.The CISIS is ...
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New Guangzhou RF coach shocked by Chinese defeat
Swedish coach Sven-Goran Eriksson shook his head after being asked if he was interested in coaching China's national soccer team. "No - I was too shocked by China's 1-5 loss to Thailand," said the former England coach on Monday, who has just been appointed head coach of Chinese Super League club Guangzhou R&F. "But China should find its own way in soccer. Each ...
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Macau economy punches way above its weight
Macau’s economy is set for a continued period of rapid growth over the next decade as Asia tops the charts in terms of revenue gained through gaming industries, but there is more to our little city-state than just casinos and hotels.
Macau is the Monaco of Asia. Although legally part of the Peoples Republic of China, this small little territory, just 29 kilometers squared and one of the most densely populated in the world, exists under the ‘one country, two systems’ policy of the Chinese government and therefore has its own internal legal system and political makeup. It is this which has enabled Macau, a tiny city-state with no natural resources, to develop one of the highest GDPs per capita in Asia, after Singapore. Read more
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