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New Hong Kong Billionaire Horst Pudwill Emerges As U.S. Housing Recovery Boosts Power Equipment Exports
Horst Julius Pudwill, chairman of Techtronic Industries, is a new Forbes billionaire with a networth of $1 billion. (Image credit: Techtronic Industries)) Horst Julius Pudwill, chairman of Hong Kong-based Techtronic Industries, has emerged as a new billionaire as shares of the power equipment supplier surged by more than 100% in the past year. With the bulk of its manufacturing facilities in ...
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Pope Urges Catholics in China to Stay Loyal to Vatican
During his weekly address Wednesday in St. Peter's Square, the pope called for prayers so Chinese Catholics can live their lives "in the service of their country and fellow citizens," in a way that is consistent with their faith. China's government does not have diplomatic relations with the Vatican. The two sides have regularly clashed over China's ...
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Guangzhou sink Mariners to reach Asias last eight
SINGAPORE (AFP) - Chinese giants Guangzhou Evergrande marched into the AFC Champions League quarter-finals and underlined their strong title credentials with a convincing 3-0 win over Central Coast Mariners on Wednesday.Goals from Muriqui, Dario Conca and Gao Lin took Marcello Lippi's team through with room to spare, as Japan's Kashiwa Reysol also swept into the last eight with a 5-2 ...
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Chapman brothers exhibit hanged Ronald McDonald in Hong Kong
What can only be described as grotesque by conservative art connoisseurs is beauty for the Chapman brothers. By the looks of their work, it seems that they create art to shock regular ...
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Hong Kong soaked by black rainstorm
A mother carries her daughter as she wades through ankle-deep water on the streets of Hong Kong – where rainfall in some districts reached 200 millimetres. The Hong Kong Observatory issued a black rainstorm warning signal on Wednesday May 22. REUTERS/Tyrone ...
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Guangzhou Kashiwa ease into quarters
Guangzhou Evergrande marched into the AFC Champions League quarter-finals and underlined their strong title credentials with a convincing 3-0 win over Central Coast Mariners on ...
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Fallout spreads in Hong Kong over shut-down Mercantile Exchange
HONG KONG (Reuters) - A close political ally of Hong Kong's chief executive has vowed to cooperate with an investigation into the shuttered Hong Kong Mercantile Exchange after the city's financial watchdog said it had alerted the police to ...
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Six face extortion charges in China for sex-video scandal
Chinese authorities have charged six people with extortion in connection with a scandal involving secretly recorded sex videos, prosecutors said Wednesday. The six are accused of luring officials in the southwestern city of Chongqing into having sex with women and secretly recording the encounters to blackmail the officials, China's official Xinhua News Agency reported. The suspects were ...
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Gold Bars Hit New Record Premium in Hong Kong Ahead of US Fed Speech Europe Urged to Start Aggressive Money Printing
prices rose throughout Asian and early London trade in the wholesale market on Wednesday, touching $1398 per ounce for the third time this week and recovering 4.4% from Monday's one-month low.Silver rose more steadily, and was capped below $22.80 as energy prices slipped and agricultural commodities held flat.Tuesday's retreat in the gold price today ...
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German KfW bank to help set up Portuguese financial body-finmins
BERLIN | Wed May 22, 2013 8:21am EDT BERLIN May 22 (Reuters) - German state development bank KfW will help establish a Portuguese financial institution to help economic growth and boost job creation in the crisis-stricken country, the finance ministers of Germany and Portugal said in a joint statement. They said a fall in Portugal's sovereign borrowing costs had not yet completely ...
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China repeats call for implementing DOC in the South China Sea
China on Wednesday urged relevant countries to fully and earnestly implement the Declaration on the Conduct of Parties in the South China Sea (DOC) and refrain from actions that could amplify or complicate the issue.Chinese Foreign Ministry spokesman Hong Lei made the remarks at a regular press briefing in response to a media request for a comment on the Philippines' recent ...
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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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