Recent Posts

Gold demand lifts profit at Chow Tai Fook to $228mn

Bloomberg Chow Tai Fook Jewellery Group’s profit increased for a second consecutive six-month period as demand for gold products lifted sales at the world’s leading jewellery retailer. Net income rose 46 percent to $228 million in the six months through September, the Hong Kong-based company said in a statement on Tuesday. Revenue climbed 15 percent to HK$24.8 billion. The results ...

Read More »

Top fund backs Tencent to drive Hong Kong index

Bloomberg One of the world’s best-performing equity gauges is set for further gains in 2018 as tech giant Tencent Holdings Ltd. and consumer stocks drive it higher, according to Shanghai-based money manager Wang Menghai. The Hang Seng Index has led the charge among Asia’s biggest markets this year, rising 36 percent. Tencent, which has now overtaken Facebook Inc. in market ...

Read More »

NAFTA talks to sputter as other parties reject America hard line

­­­­­­­­­­­Bloomberg The quest to renew NAFTA is slowing to a crawl as Canada and Mexico tiptoe around America’s most controversial proposals, throwing into doubt the ability of the three nations to reach a quick deal. The US is frustrated with the reluctance of Canada and Mexico to present counter-proposals on key issues such as regional content rules for cars, which ...

Read More »
Send this to a friend