July 21, 2011 / 1:55 AM / 8 years ago

PRESS DIGEST - Hong Kong - July 21

HONG KONG, July 21 (Reuters) - These are some of the leading stories in Hong Kong newspapers on Thursday. Reuters has not verified these stories and does not vouch for their accuracy.


— Top western and Asian airlines, including Cathay Pacific Airways , Singapore Airlines and Korean Airlines , will face further pressure from global criminal and civil action over allegations they colluded to fix fuel surcharges on air cargo shipments between 2000 and 2006.

— Apple is aiming for sustained, robust growth in China after strong iPhone sales helped it post record revenue of $3.8 billion in the mainland, Hong Kong and Taiwan in the quarter to June, while year-on-year sales grew more than sixfold, according to chief operating officer Timothy Cook.

— Oriental Overseas Container Line, a subsidiary of Hong Kong-listed container shipping company Orient Overseas (International) Ltd , said it faced “difficult” trading conditions in the first half of the year as falling freight rates coupled with higher fuel costs offset an increase in cargo volume, while the outlook for the full year would be disappointing.


— China’s National Energy Administration has taken new measures to strengthen control of wind power plant construction by taking back the approval rights for the building of any wind power plants under 50,000 kilowatts from provincial development and reform commissions, mainland media reported.

— Guodian Technology and Environment Group Co Ltd, a unit of mainland power producer China Guodian Corp, plans to raise 5 billion yuan ($773.7 million) via a listing in Hong Kong, according to a mainland media report.


— Subscriptions for inflation-linked bonds (iBond) issued by the Hong Kong government amounted to HK$13 billion ($1.67 billion), representing a 30 percent oversubscription, said a government spokesman.


— Dongfeng Motor Corporation, one of the top three auto makers in China, said it sold 1.51 million vehicles for the first half of 2011, generating 195.74 billion yuan ($30.32 billion) in sales. The company said it achieved 51.9 percent of its full-year target for number of vehicle sales and 51.5 percent of its revenue target.

For Chinese newspapers, see...............

For Taiwan newspapers, see................ ($1 = 6.459 yuan) ($1 = 0.704 Euros) (Reporting by Xavier Ng, Zoey Zhang and Viola Ho; Editing by Jonathan Hopfner)

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