Banking | UK state raises USD3.3b from first sale of Bank of Scotland stake

The U.K. government said yesterday it sold 5.4 percent of taxpayer-owned Royal Bank of Scotland for 2.1 billion pounds (USD3.3 billion) as it begins to shed a majority stake acquired

Greek stock market reopens with 22 percent plunge

Greece’s main stock index plunged over 22 percent as it reopened yesterday after a five-week closure, giving investors their first opportunity since late June to react to the country’s latest

HSBC profit rises 10 pct, bank selling Brazil unit

Profit for the six months ending June 30 rose to $13.6 billion, or 48 cents per share, said the bank which is listed on stock exchanges in Hong Kong and

Corporate Bits | Five Sands restaurants receive wine spectator restaurant awards

“As in previous years, we are thrilled and honored to be recognized by Wine Spectator for the fourth year in a row,” said Charles Newland, senior vice president of food

Head of failed Japan-based bitcoin exchange Mt. Gox arrested

The head of the failed Japan-based bitcoin exchange Mt. Gox was arrested in Tokyo on Saturday on suspicion of inflating his cash account by USD1 million, authorities said. Mark Karpeles, 30,

Gaw Capital turns faded properties into gems for fat returns

When InterContinental Hotels Group announced the sale of its Hong Kong flagship for USD938 million to a group led by Gaw Capital Partners on July 10, even insiders were caught

Corporate Bits | Dreamworks launches Summer photo competition

Both local and overseas guests can submit their photographs of the DreamWorks Experience, whether it’s the characters, decorations, activities, or performances such as the DreamWorks Summer Feast, the Kung Fu

Ask the Vet | How to Keep Your Dog Cool in the Summer

“Heatstroke is by far the greatest concern,” as most veterinarians agree. A Hebrew University study found that 50% of dogs with heatstroke won’t survive the initial 3 days post the

Real Estate Matters | The rental process for tenants part 3 – Moving In

Juliet Risdon is a Director of JML Property and a property investor. Having established the company in 1994, JML Property offers Investment Property & Homes. It specializes in managing properties

Hang Seng repeats as world’s strongest bank with HK focus

Hang Seng Bank can offer some advice to its ailing parent, HSBC Holdings: Stay local, stick to retail and commercial banking, and serve your customers snake soup. From its base

Feature: Will the Internet listen to your private conversations? 


SAN FRANCISCO (AP) — Like a lot of teenagers, Aanya Nigam reflexively shares her whereabouts, activities and thoughts on Twitter, Instagram and other social networks without a qualm. But Aanya's care-free

LVMH rises after biggest profit boost since 2012 on fashion gain

LVMH Moet Hennessy Louis Vuitton SE rose in Paris trading after the world’s largest luxury-goods maker reported its strongest earnings increase in three years. First-half profit from recurring operations rose 15

Suez profit drops after asset sale boosted previous results

Net income slumped to 141 million euros (USD156 million) from 255 million euros a year earlier, when the utility benefited from selling an asset in Macau. Stripped of that gain,

Corporate Bits | Mint set of commemorative stamps themed “Water & Life” to be officially issued

The stamps show pictures of the city from the olden days and today. In the past, queuing up for water was a part of everyday life; nowadays, a safe and

Corporate Bits | Sofitel Macau at Ponte 16 inaugurates love and heritage photo exhibition

Showcasing the cultural linkage between people and the UNESCO sites in Macau, the free exhibition, which is open to the public from July 24 to August 16, shows 10 shortlisted

Greece advances in loan talks, under fire for euro exit plan

  Greece pushed ahead with talks on a new rescue loan yesterday, but its government came under increasing pressure over claims it had a top-secret plan to prepare for a euro

Corporate Bits | Priscilla Chan to perform at the venetian

One of Hong Kong’s most recognizable voices, Priscilla Chan has been in the entertainment business for over 30 years. To celebrate that achievement, the concert will see Chan repackage the

Greece, creditors get down to business on bailout deal

Technical talks over Greece’s third bailout in five years are poised to start in the next day or so as negotiators representing the country’s creditors continued arriving in Athens yesterday. The

Greek bailout talks format still being negotiated 

Greece and rescue lenders are still working out the format of upcoming talks, the labor minister said yesterday, confirming a delay in the negotiations for a third international bailout. Giorgos Katrougalos

Forget shorts, jeans made with jade help Chinese beat the heat

The Lee jeans brand has a solution for anyone who dreads wearing denim in the summer. The company, a division of VF Corp., is weaving crushed jade stones into its jeans

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