South China Morning Post News
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Billionaire investor George Soros joined Northern Trust Corp. and BlackRock Inc. in cutting holdings of exchange-traded products backed by gold before a bear market in prices last month, while John Paulson maintained a stake that lost about $165 million in the first quarter.
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Protests in Shanghai forced a battery-maker to abandon plans for a factory on the outskirts of the city, in a victory for citizens wary of assurances that such projects won’t pollute the environment.
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Hong Kong’s anti-graft agency will investigate its former head amid allegations of corrupt practices and misconduct after he spent more than $100,000 on gifts and travel during his term.
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Natural gas, the worst-performing and most volatile commodity of the past decade amid a glut in supply, is replacing gold as a haven for commodity investors as the metal slumps.
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General Motors Co., seeking to boost China sales 75 percent by 2015, apologized for a Chevrolet ad that included a song referring to “the land of Fu Manchu” where all of the girls sing “ching, ching, chop-suey,” which one Hong Kong newspaper called racist.
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China’s securities regulator plans to raise the minimum proportion equity funds should have in shares, a move that may drive investments into the worst- performing major Asian stock market in the past year.
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Li Ka-shing’s Hong Kong port operator and striking workers published advertisements today in an attempt to win public support as a strike over wages extends to almost four weeks.
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It’s the early 1990s and I’m standing in front of the Triumphal Arch, a copycat Arc de Triomphe in downtown Pyongyang.
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China Development Bank Corp. Chairman Chen Yuan will step down, handing the reins of the world’s largest policy lender to Bank of Communications Co.’s Hu Huaibang, said two people with knowledge of the matter.
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The captains of the two vessels that collided off Lamma island last October are expected to be charged with manslaughter today, the South China Morning Post said, without saying where it got the information.
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