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Bank lifts HK mortgage rate |
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Wednesday, 03 December 2008 |
HSBC Holdings Plc has raised its Hong Kong mortgage rates by the most in a decade to increase profitability on home loans, adding to pressure on property prices.
HSBC, the bank with the most branches in Hong Kong,...
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British and Swiss banks axe hundreds |
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Wednesday, 03 December 2008 |
SWITZERLAND'S Credit Suisse AG and Britain's HSBC Holdings Plc are axing hundreds of banking jobs as the biggest financial crisis since the Great Depression continues to bite.
The job cuts are the latest in...
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Bank will still need talented keen workers |
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Wednesday, 03 December 2008 |
CONFIDENT of China's financial prospects, the Bank of Shanghai will maintain its recruitment levels next year, its vice president said yesterday.
"We will maintain our recruitment level of about 100 people next...
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UK bank hopes job losses a one-off cut |
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Wednesday, 03 December 2008 |
STANDARD Chartered Plc, the United Kingdom bank that makes more than three-quarters of its profit in Asia, will trim 200 jobs in Hong Kong as it adapts to "difficult" market conditions, the lender said yesterday.
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Wednesday, 03 December 2008 |
BAOSHAN Iron & Steel Co plans to commission a new 400,000-ton-a-year heavy plate line this month, hoping that one of its most profitable businesses can offset weaker sectors hit by the economic slowdown.
This will...
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Appliances search for new homes |
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Wednesday, 03 December 2008 |
CHINA'S home appliance industry has dropped a gear and is facing a major impact from austere domestic and international economic conditions in the coming two to three years.
This warning earlier in November was...
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Huiyuan Juice Group Coca-Cola seeks approval |
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Wednesday, 03 December 2008 |
COCA-COLA Co, which has agreed to acquire China's Huiyuan Juice Group, has submitted the application to the Chinese government for anti-trust approval.
The application for anti-trust approval has been filed with...
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Debt talks to drag into 2009 |
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Wednesday, 03 December 2008 |
SUMNER Redstone's effort to restructure the debt of his family holding company, National Amusements Inc, is likely to carry into next year, three insiders said.
The talks may be extended past the December 19 deadline...
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Labor peace for Boeing on nod for pacts |
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Wednesday, 03 December 2008 |
BOEING Co engineers and technical workers have voted to ratify new contracts, ensuring four years of labor peace at the company's commercial airplane operations.
In votes tallied on Monday after balloting by...
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Hawaiian telco files protection |
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Wednesday, 03 December 2008 |
HAWAIIAN Telcom Communications Inc, the largest telephone company in Hawaii, said on Monday that it had filed for bankruptcy protection.
The company had been working with creditors since October on a debt-restructuring...
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Video games retailer is still playing for profits |
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Wednesday, 03 December 2008 |
BRITISH video games retailer Game Group Plc has continued to buck the high street gloom with a rise in underlying sales, but its rate of sales growth has slowed, the company reported yesterday.
"To date our customers'...
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Chip firm lowers Q4 sales view |
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Wednesday, 03 December 2008 |
TAIWAN Semiconductor Manufacturing Co, the world's largest chip contractor, lowered its fourth quarter sales forecast by 8.6 percent as the global economic slowdown continued to cut demand for wafers.
Revenue...
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