Wed 29 Aug 2007
1. Hang Seng closes 213 lower (Tue 28 Aug 2007 16:22:00 0800)
The Hang Seng Index ended the day at 23363 - that’s 213 down on the previous close. In currenciesthe American dollar’s trading at 115.45 yen. The euro is standing at 1 American dollar 36 cents. And the pound is worth 15 Hong Kong dollars 64 cents.
2. Big rise in Smartone profits (Tue 28 Aug 2007 18:28:43 0800)
Smartone Telecommunications says full-year profit more than doubled on increased use of its third generation wireless network. Net income for the year was $158-million compared with $70- million a year earlier. Sales rose to over $4-million. Smartone is the territory’s third largest mobile phone service provider.
3. Competition cuts China Telecom profits (Tue 28 Aug 2007 18:33:36 0800)
China Telecom - the nation’s biggest fixed line operator - has reported a decline in first half profit due to competition from China Mobile and China Unicom. Net income fell to 13.48 billion yuan from a restated 14.17 billion yuan a year earlier. Sales rose to 88 billion yuan. Reports say more and more people are siging up for wireless phone services rather than fixed lines lured by lower rates from China Mobile and China Unicom.
4. Hang Seng higher (Tue 28 Aug 2007 11:15:40 0800)
A short time ago the Hang Seng index was 23710 - that’s 133 points up on the previous close. In currencies the American dollar’s trading at 115.67 yen. The euro is standing at 1 American dollar 36 cents. And the pound is worth 15 Hong Kong dollars 66 cents.
5. Hang Seng lower (Tue 28 Aug 2007 15:04:19 0800)
A short time ago the Hang Seng index was 23539 - that’s 38 down on the previous close. In currencies the American dollar’s trading at 115.63 yen. The euro is standing at 1 American dollar 36 cents. And the pound is worth 15 Hong Kong dollars 64 cents.
6. Hang Seng closes 213 lower (Tue 28 Aug 2007 16:22:00 0800)
The Hang Seng Index ended the day at 23363 - that’s 213 down on the previous close. In currenciesthe American dollar’s trading at 115.45 yen. The euro is standing at 1 American dollar 36 cents. And the pound is worth 15 Hong Kong dollars 64 cents.
7. Big rise in Smartone profits (Tue 28 Aug 2007 18:28:43 0800)
Smartone Telecommunications says full-year profit more than doubled on increased use of its third generation wireless network. Net income for the year was $158-million compared with $70- million a year earlier. Sales rose to over $4-million. Smartone is the territory’s third largest mobile phone service provider.
8. Competition cuts China Telecom profits (Tue 28 Aug 2007 18:33:36 0800)
China Telecom - the nation’s biggest fixed line operator - has reported a decline in first half profit due to competition from China Mobile and China Unicom. Net income fell to 13.48 billion yuan from a restated 14.17 billion yuan a year earlier. Sales rose to 88 billion yuan. Reports say more and more people are siging up for wireless phone services rather than fixed lines lured by lower rates from China Mobile and China Unicom.
9. China says design fault mainly to blame for US toy giant’s product recall (Tue 28 Aug 2007 00:32:01 0800)
China has again defended the quality of its exports and says a design fault was mostly to blame for US toy giant Mattel’s recent recall of millions of products. The Director of the General Administration of Quality Supervision Inspection and Quarantine Li Changjiang said 85 per cent of the roughly 20-million toys that Mattel recalled had design faults. He said only 15 per cent were deemed unsafe because Chinese manufacturers used dangerous levels of lead in the paint.
10. Hong Kong stock market closes at record high (Tue 28 Aug 2007 01:32:38 0800)
The Hong Kong stock market has closed at a record high on the strongest ever turnover. The Hang Seng Index rose 655-points to 23577. Turnover reached 126.3 billion dollars.
11. Overseas labour unions come to support HK metal workers (Tue 28 Aug 2007 01:33:44 0800)
Three overseas labour unions have come to Hong Kong to support metal workers who are now into the 20th day of a strike for higher pay and shorter working hours. The groups say they plan to donate money to the fighting fund set up by the Confederation of Trade Unions to support the strike. The leader of the Transport Workers Union of Australia Tony Sheldon said the industrial action here was more difficult to resolve than in other places.
12. IATA clears way for air travel based entirely on electronic ticketing (Tue 28 Aug 2007 09:27:59 0800)
The global airline body IATA has placed its last order for paper tickets - clearing the way for air travel to be based entirely on electronic ticketing from June next year. The changeover from paper will not only cut airlines’ costs but will also mean the industry will save the equivalent in paper of 50000 trees a year. China host to next year’s Olympic Games is destined to become the first country in the world to operate an entirely paper-free ticketing system by the end of this year.
13. Hang Seng higher (Tue 28 Aug 2007 11:15:40 0800)
A short time ago the Hang Seng index was 23710 - that’s 133 points up on the previous close. In currencies the American dollar’s trading at 115.67 yen. The euro is standing at 1 American dollar 36 cents. And the pound is worth 15 Hong Kong dollars 66 cents.
14. Hang Seng lower (Tue 28 Aug 2007 15:04:19 0800)
A short time ago the Hang Seng index was 23539 - that’s 38 down on the previous close. In currencies the American dollar’s trading at 115.63 yen. The euro is standing at 1 American dollar 36 cents. And the pound is worth 15 Hong Kong dollars 64 cents.
15. Hang Seng closes 213 lower (Tue 28 Aug 2007 16:22:00 0800)
The Hang Seng Index ended the day at 23363 - that’s 213 down on the previous close. In currenciesthe American dollar’s trading at 115.45 yen. The euro is standing at 1 American dollar 36 cents. And the pound is worth 15 Hong Kong dollars 64 cents.
16. Big rise in Smartone profits (Tue 28 Aug 2007 18:28:43 0800)
Smartone Telecommunications says full-year profit more than doubled on increased use of its third generation wireless network. Net income for the year was $158-million compared with $70- million a year earlier. Sales rose to over $4-million. Smartone is the territory’s third largest mobile phone service provider.
17. Competition cuts China Telecom profits (Tue 28 Aug 2007 18:33:36 0800)
China Telecom - the nation’s biggest fixed line operator - has reported a decline in first half profit due to competition from China Mobile and China Unicom. Net income fell to 13.48 billion yuan from a restated 14.17 billion yuan a year earlier. Sales rose to 88 billion yuan. Reports say more and more people are siging up for wireless phone services rather than fixed lines lured by lower rates from China Mobile and China Unicom.
18. China says design fault mainly to blame for US toy giant’s product recall (Tue 28 Aug 2007 00:32:01 0800)
China has again defended the quality of its exports and says a design fault was mostly to blame for US toy giant Mattel’s recent recall of millions of products. The Director of the General Administration of Quality Supervision Inspection and Quarantine Li Changjiang said 85 per cent of the roughly 20-million toys that Mattel recalled had design faults. He said only 15 per cent were deemed unsafe because Chinese manufacturers used dangerous levels of lead in the paint.
19. Hong Kong stock market closes at record high (Tue 28 Aug 2007 01:32:38 0800)
The Hong Kong stock market has closed at a record high on the strongest ever turnover. The Hang Seng Index rose 655-points to 23577. Turnover reached 126.3 billion dollars.
20. Overseas labour unions come to support HK metal workers (Tue 28 Aug 2007 01:33:44 0800)
Three overseas labour unions have come to Hong Kong to support metal workers who are now into the 20th day of a strike for higher pay and shorter working hours. The groups say they plan to donate money to the fighting fund set up by the Confederation of Trade Unions to support the strike. The leader of the Transport Workers Union of Australia Tony Sheldon said the industrial action here was more difficult to resolve than in other places.
21. IATA clears way for air travel based entirely on electronic ticketing (Tue 28 Aug 2007 09:27:59 0800)
The global airline body IATA has placed its last order for paper tickets - clearing the way for air travel to be based entirely on electronic ticketing from June next year. The changeover from paper will not only cut airlines’ costs but will also mean the industry will save the equivalent in paper of 50000 trees a year. China host to next year’s Olympic Games is destined to become the first country in the world to operate an entirely paper-free ticketing system by the end of this year.
22. Hang Seng higher (Tue 28 Aug 2007 11:15:40 0800)
A short time ago the Hang Seng index was 23710 - that’s 133 points up on the previous close. In currencies the American dollar’s trading at 115.67 yen. The euro is standing at 1 American dollar 36 cents. And the pound is worth 15 Hong Kong dollars 66 cents.
23. Hang Seng lower (Tue 28 Aug 2007 15:04:19 0800)
A short time ago the Hang Seng index was 23539 - that’s 38 down on the previous close. In currencies the American dollar’s trading at 115.63 yen. The euro is standing at 1 American dollar 36 cents. And the pound is worth 15 Hong Kong dollars 64 cents.
24. Hang Seng closes 213 lower (Tue 28 Aug 2007 16:22:00 0800)
The Hang Seng Index ended the day at 23363 - that’s 213 down on the previous close. In currenciesthe American dollar’s trading at 115.45 yen. The euro is standing at 1 American dollar 36 cents. And the pound is worth 15 Hong Kong dollars 64 cents.
25. Big rise in Smartone profits (Tue 28 Aug 2007 18:28:43 0800)
Smartone Telecommunications says full-year profit more than doubled on increased use of its third generation wireless network. Net income for the year was $158-million compared with $70- million a year earlier. Sales rose to over $4-million. Smartone is the territory’s third largest mobile phone service provider.
26. Competition cuts China Telecom profits (Tue 28 Aug 2007 18:33:36 0800)
China Telecom - the nation’s biggest fixed line operator - has reported a decline in first half profit due to competition from China Mobile and China Unicom. Net income fell to 13.48 billion yuan from a restated 14.17 billion yuan a year earlier. Sales rose to 88 billion yuan. Reports say more and more people are siging up for wireless phone services rather than fixed lines lured by lower rates from China Mobile and China Unicom.
27. China says design fault mainly to blame for US toy giant’s product recall (Tue 28 Aug 2007 00:32:01 0800)
China has again defended the quality of its exports and says a design fault was mostly to blame for US toy giant Mattel’s recent recall of millions of products. The Director of the General Administration of Quality Supervision Inspection and Quarantine Li Changjiang said 85 per cent of the roughly 20-million toys that Mattel recalled had design faults. He said only 15 per cent were deemed unsafe because Chinese manufacturers used dangerous levels of lead in the paint.
28. Hong Kong stock market closes at record high (Tue 28 Aug 2007 01:32:38 0800)
The Hong Kong stock market has closed at a record high on the strongest ever turnover. The Hang Seng Index rose 655-points to 23577. Turnover reached 126.3 billion dollars.
29. Overseas labour unions come to support HK metal workers (Tue 28 Aug 2007 01:33:44 0800)
Three overseas labour unions have come to Hong Kong to support metal workers who are now into the 20th day of a strike for higher pay and shorter working hours. The groups say they plan to donate money to the fighting fund set up by the Confederation of Trade Unions to support the strike. The leader of the Transport Workers Union of Australia Tony Sheldon said the industrial action here was more difficult to resolve than in other places.
30. IATA clears way for air travel based entirely on electronic ticketing (Tue 28 Aug 2007 09:27:59 0800)
The global airline body IATA has placed its last order for paper tickets - clearing the way for air travel to be based entirely on electronic ticketing from June next year. The changeover from paper will not only cut airlines’ costs but will also mean the industry will save the equivalent in paper of 50000 trees a year. China host to next year’s Olympic Games is destined to become the first country in the world to operate an entirely paper-free ticketing system by the end of this year.