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Citic Bank discovers 1 bln yuan fraud at branch

China Citic Bank Corp. Ltd. (00988.HK), a unit of the nation’s largest investment conglomerate, uncovered a fraud case at its bill-financing business involving about 1 billion yuan (US$152 million) la ...More

EJ Insight2016-01-28

Lawmakers question decision not to prosecute former ICAC boss

... stigation unit the next month to conduct a comprehensive investigation into the complaints. Tong was accused of entertaining mainland officials too often and too lavishly during his five-year tenure t ...More

EJ Insight2016-01-28

Tai Mo Shan wild mushrooms likely sickened winter buff

... sive care unit in Yan Chai Hospital, Ming Pao Daily reports. He was admitted on Monday with severe abdominal symptoms after eating wild mushrooms from Tai Mo Shan where he was among hundreds of people ...More

EJ Insight2016-01-27

Security, police chiefs grilled over missing booksellers

...  criminal unit of the Hong Kong Island Regional Headquarters, has been aggressively following up on the cases. Lo denied allegations that the police department has been passive in dealing the cases an ...More

EJ Insight2016-01-27

Fox unit mulls plans for mega theme park in China

Twentieth Century Fox Consumer Products, a unit of media giant Twenty-First Century Fox, is looking at opportunities that may allow it to build a Fox-branded theme park in China, following previous mo ...More

EJ Insight2016-01-26

Hong Kong housing still world’s most unaffordable

... e and the United States. However, home prices in Hong Kong have fallen from HK$10,970 (US$1,407) per square foot at their peak in August last year to an average of HK$10,267 per sq ft, figures compile ...More

EJ Insight2016-01-26

Deutsche Bank fined in Korea for triggering 2010 market crash

Deutsche Bank's South Korean brokerage unit has been fined 1.5 billion won (US$1.25 million) and one of its employees sentenced to five years in prison over a 2010 stock market manipulation case. A Se ...More

EJ Insight2016-01-26

Tesla wants factory in China this year

... mate that unit sales easily exceeded 4,000 in China, based on deliveries of 3,025 over the first three quarters of the year. Musk thinks he can sell even more and believes that a local production faci ...More

EJ Insight2016-01-26

Baidu casts hat into driverless car ring

... iving car unit a stand-alone business under the Alphabet Inc. corporate umbrella later this year. Elon Musk, chief executive of Tesla Motors Inc., has said his customers will be able to summon an ele ...More

EJ Insight2016-01-25

Ireland seeks bigger bite of China's dairy, food products market

... ly to the United Kingdom. "It is possible that within a decade China could be our largest food market," he said. The opportunity comes from not only the rising middle class in China but also the incre ...More

EJ Insight2016-01-24

Maid saves employer who tried to kill himself

... c housing unit in On Yam Estate in Kwai Chung, Headline Daily reported Friday. The 39-year-old maid was woken by the choking smell at about 4 a.m. on Thursday and found So semi-unconscious in his room ...More

EJ Insight2016-01-22

Why speculators are targeting the Hong Kong dollar, not the yuan

... ng to the United States after it raised interest for the first time in eight years. Meanwhile, the Hong Kong dollar has fallen to 7.83 from 7.75 against the greenback, marking the end of one-way inflo ...More

EJ Insight2016-01-22

Avoid panic-selling during market turmoil

... ether the unit can keep rising would really depend on the pace of US rate hikes and the economic conditions in America. 2. Strong dollar Dollar strength is set to hurt emerging markets and oil price, ...More

EJ Insight2016-01-21

Why the USD currency link is still the best option for HK

... days. The unit fell by more than 0.6 percent from 7.75 to near the 7.8 level per US dollar between January 7 and 8. Meanwhile, locals are questioning again the usefulness of the 35-year-old HKD-USD cu ...More

EJ Insight2016-01-20

Chinese soldiers linked to US military hacking plot

... on to the United States to identify and raid secure databases of US military contractors. The story was first reported by Canada's Globe and Mail newspaper, citing a prosecution summary of a cyberespi ...More

EJ Insight2016-01-20

Japan struggling to cope with flood of tourists

... titute, a unit of Mizuho Financial Group, one of Japan’s big three banks. US-based Airbnb, an online home-rental service, has recorded explosive growth in its Japan listings. Airbnb says on its websit ...More

EJ Insight2016-01-20

8-year-old boy collapses and dies with no apparent cause

... c housing unit was allocated recently to the family in Hung Shui Kiu, his father has been living there while Chan continued to stay in Tai Po where he studied. He only visited his parents during holid ...More

EJ Insight2016-01-19

Interest rates seen stable amid weaker HK dollar

... Hong Kong unit is trading around 7.80 against the greenback, its lowest level since 2011. HIBOR (Hong Kong interbank offered rate), the interest rate banks charge each other for loans, rose to a  two- ...More

EJ Insight2016-01-19

World tennis hit by match-fixing reports, authorities push back

... Integrity Unit (TIU) over suspicions they had thrown matches in the past decade, Reuters reported. Eight of those players were taking part in the Australian Open, according to the BBC and BuzzFeed New ...More

EJ Insight2016-01-19

Yuan in correction phase, rather than long-term slide

... e Chinese unit has been stable against a basket of major currencies. Currently, China is going through a painful restructuring process. If the nation's exports improve in the second half, the economic ...More

EJ Insight2016-01-18

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