Edition:
United States

Alison Leung

Cathay Pacific sees no cargo recovery yet, after profit falls 83 percent

Mar 13 2013

HONG KONG Cathay Pacific Airways Ltd , the world's largest international air cargo carrier, said it does not yet see a lasting recovery in the freight market, after reporting an 83 percent year-on-year drop in profit for 2012.

Cathay Pacific sees no cargo recovery yet, after profit falls 83 pct

Mar 13 2013

HONG KONG Cathay Pacific Airways Ltd , the world's largest international air cargo carrier, said it does not yet see a lasting recovery in the freight market, after reporting an 83 percent year-on-year drop in profit for 2012.

Hong Kong posts budget surplus as economy set for stronger growth

Feb 27 2013

HONG KONG Hong Kong launched a relatively modest series of economic stimulus and relief measures in its annual budget on Wednesday to combat an uncertain external environment with its economy likely to recover to between 1.5 percent to 3.4 percent in 2013.

Hong Kong unveils more property-cooling measures

Feb 22 2013

HONG KONG Hong Kong is imposing higher stamp duties and home loan curbs on property transactions, officials said on Friday, the latest effort to cool an overheated property sector that boasts some of the world's most expensive apartments.

SABMiller joint venture to buy Chinese breweries for $863 million

Feb 05 2013

HONG KONG SABMiller , the world's second-biggest brewer, is to expand further into high-growth regional markets in China after a local joint venture agreed to buy Kingway Brewery assets for 5.38 billion yuan ($863 million).

China COSCO eyes turnaround options, stock down sharply

Jan 28 2013

HONG KONG The world's largest bulk shipper, China COSCO Holdings Co Ltd , faces the risk of delisting for its Shanghai shares if it fails to turn around in 2013, after having warned of a second straight year of losses.

Ship manager Wallem front-runner for China's "mini-Hong Kong"

Jan 17 2013

HONG KONG Hong Kong's 110-year-old Wallem Group, among the world's top five ship managers, will set up shop in a proposed $45 billion (28 billion pounds) business zone in the southern Chinese port city of Shenzhen as rents in the former British territory soar.

Ship manager Wallem front-runner for China's 'mini-Hong Kong'

Jan 17 2013

HONG KONG Hong Kong's 110-year-old Wallem Group, among the world's top five ship managers, will set up shop in a proposed $45 billion business zone in the southern Chinese port city of Shenzhen as rents in the former British territory soar.

China's BOC Aviation joins late Airbus order scramble

Jan 15 2013

HONG KONG/PARIS BOC Aviation, the aircraft leasing arm of Bank of China Ltd , has placed its largest ever order to buy 50 A320 family jets from Airbus at a list price of $5 billion (3 billion pounds).

China's BOC Aviation joins late Airbus order scramble

Jan 15 2013

HONG KONG/PARIS BOC Aviation, the aircraft leasing arm of Bank of China Ltd , has placed its largest ever order to buy 50 A320 family jets from Airbus at a list price of $5 billion.

World News