David Webb News
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Greek shipping companies, the owners of one in six merchant vessels, are ordering the most new iron-ore carriers since 2008, betting the five-year rout in charter rates may be nearing an end.
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David Webb, a corporate-governance activist in Hong Kong, said his website has suspended publication of the identity-card numbers of more than 1,100 people after an inquiry from the city’s privacy commissioner.
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Charles Li, the chief executive officer of Hong Kong Exchanges & Clearing Ltd., put on a tuxedo for the first time and stood before a crowd of 2,000 metals professionals at London’s Grosvenor House Hotel in October, capping an impromptu speech with a couple minutes of Mandarin.
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Late last year, staff at a shuttered Hong Kong beauty salon turned to company filings to track down the boss they say vanished owing them HK$900,000 ($116,000).
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Hong Kong should drop plans to impose new taxes on short-term home sales to avoid damaging the city’s reputation as a free market, according to shareholder activist David Webb , who will speak to lawmakers on the issue today.
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Hong Kong’s government dropped proposed legislation that would restrict public access to the personal details of company directors, following opposition from unions, small businesses and journalists.
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Hong Kong Exchanges & Clearing Ltd. ’s proposal to raise the required number of independent directors in the boards of the city’s listed companies is “ignoring the real problem,” shareholder activist David Webb said.
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Shipping rates for iron ore are poised to double next quarter as Chinese steelmakers import extra cargoes after stockpiles at the nation’s ports collapsed to a three-year low.
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Gome Electrical Appliances Holding Ltd. , China’s second-biggest electronics retailer, disputed an assertion by David Webb , publisher of Webb-site.com, that it misled investors about the effect of its founder’s imprisonment.
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SCMP Group Ltd., the publisher of the South China Morning Post, halted its stock from trading in Hong Kong after it jumped the most in more than 15 years.
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