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Hong Kong consumer confidence lowest in Greater China

... onsulting Unit of the City University of Hong Kong took part, showed that the confidence index for the mainland and Taiwan inched up from the previous quarter, while that for Hong Kong and Macau fell, ...More

EJ Insight2015-04-09

Xiaomi’s move offline in India may hurt its trendy image

... e million units in sales in just five months. It achieved that success partly by relying on its business model in China, which focused on online sales, and a "hunger marketing" strategy, which relies ...More

EJ Insight2015-04-09

Renminbi outflow seen reversing course this year

Renminbi funds will return to Hong Kong this year or next as China presses on with financial reform, the Hong Kong Economic Journal reported Wednesday. The Chinese unit is expected to reverse course a ...More

EJ Insight2015-04-08

SingTel to buy US cybersecurity firm for US$810 mln

Singapore Telecommunications Ltd. is buying Trustwave, a United States managed-security services specialist, in a deal valued at US$810 million. SingTel, Southeast Asia’s biggest telecommunications fi ...More

EJ Insight2015-04-08

LEOCoin: After bitcoin crash, a new virtual currency emerges

...  yuan per unit at its peak in December 2013, but the price crashed by nearly 80 percent to 1,524 yuan as of today. But that hasn't stopped the emergence of a new digital currency – the LEOCoin, which ...More

EJ Insight2015-04-02

Exco decides not to renew ATV license; PCCW unit gets formal nod

Hong Kong's Executive Council (Exco) has decided not to renew ATV's free-to-air television broadcast license which will expire in November this year, a top government official said on Wednesday. Grego ...More

EJ Insight2015-04-01

Philips to sell 80% stake in lighting unit for US$2.8 bln

...  lighting unit and the "Lumileds" LED manufacturing business, at US$3.3 billion including debt. The unit reported a profit of 141 million euros (US$151.8 million) on sales of 1.42 billion last year. G ...More

EJ Insight2015-03-31

China enjoys diplomatic triumph with new infrastructure bank

China scored a diplomatic triumph last week as countries around the world lined up to join the new Beijing-led Asian Infrastructure Investment Bank (AIIB). Among them were many allies of the United St ...More

EJ Insight2015-03-30

Stanchart Islamic banking unit presses on after chief quits

Standard Chartered remains committed to Islamic banking after the the head of its Islamic unit resigned. It will continue to position itself for further growth in core markets "where the largest Islam ...More

EJ Insight2015-03-30

Impairment losses hit China BlueChemical profit

China BlueChemical Ltd. (03983.HK), the chemical fertiliser and methanol production unit of China National Offshore Oil Corp., said net profit fell 94 percent to 105 million yuan (US$16.9 million) in ...More

EJ Insight2015-03-27

Why CR Enterprise is unlikely to rebound in the near term

...  business unit posted a 15 percent rise in turnover to HK$109.5 billion. But the segment reported a massive loss of HK$1.36 billion for 2014, compared with profit of HK$734 million in 2013. The joint ...More

EJ Insight2015-03-27

Chinese firms have decent track record of overseas buys

...  computer unit by Lenovo Group, the 2010 purchase of Ford Motor's Volvo car unit by Geely Automobile Holdings, and Dalian Wanda's 2012 purchase of US cinema chain AMC Entertainment. Only four underper ...More

EJ Insight2015-03-27

Germanwings co-pilot believed to have crashed plane on purpose

... t carrier unit of Lufthansa, in September 2013. He had just 630 hours of flying time, compared with the 6,000 hours of the flight captain. Following the stunning revelations, German police searched Lu ...More

EJ Insight2015-03-27

Maid room in MTR/CK Hutchison project too small for single bed

...  30 sq ft unit for HK$2,200 a month CY Leung fails to deliver as Hong Kong home prices keep rising ...More

EJ Insight2015-03-26

Why Ronnie Chan's letter to shareholders lacks financial value

... r smaller units which are more affordable in terms of total sales price is particularly strong. This tells us that overall price levels are still high and there is still plenty of pent-up demand.” How ...More

EJ Insight2015-03-25

Monetary easing, SOE reforms to remain key China themes

... lping the unit play a bigger role in the global financial arena in the future. Expectation of more details on the "One Belt One Road" strategy has pushed up infrastructure and railway plays recently. ...More

EJ Insight2015-03-24

The curious case of the four-bedroom mini tycoon flat

... uare foot unit, the most luxurious on offer, boasts a bathroom that's all of 14 sq. ft. (yes, 14) which quickly caught the eye of reporters. “Because it's miniature, a tall man going in may find it ou ...More

EJ Insight2015-03-24

Sinopec delays listing of sales unit amid oil price slump

China Petroleum and Chemical Corp. (00386.HK, Sinopec) has decided to delay a planned listing of its sales unit amid falling crude prices, the Hong Kong Economic Journal reported Tuesday. Chairman Fu ...More

EJ Insight2015-03-24

Chinese bag Italian tiremaker Pirelli for US$7.7 bln

... iremaking unit, China National Tire & Rubber, will first buy the 26.2 percent Italian holding firm Camfin owns in Pirelli and launch a mandatory takeover bid for the rest. The bid will be launched ...More

EJ Insight2015-03-23

Chinese chipmakers embrace IBM technology

Chinese chipmakers have been adopting IBM technology since the United States giant opened it to other companies. Among the latest to take the offer is China’s Suzhou PowerCore Technology Co. which sai ...More

EJ Insight2015-03-20

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