WHAT THE OTHER PAPERS SAY THIS MORNING August 2, 2010 FINANCIAL TIMES LIVERPOOL FC AUCTION ATTRACTS GLOBAL INTEREST Global interest in the auction of Liverpool Football Club intensified on Monday with prospective bidders emerging from Hong Kong and the Middle East. Chinese sports entrepreneur Kenneth Huang has made an approach to Liverpool’s bankers Royal Bank of Scotland and US-based Wachovia seeking support for a deal, [...]
Huang vows to spend big in Liverpool bid August 2, 2010 CHINESE businessman Kenny Huang has promised to give manager Roy Hodgson big money to spend in the transfer market if he succeeds in his bid to buy Liverpool. Huang, a former Wall Street stockbroker and now head of Hong Kong-based investment company QSL Sports Ltd, announced yesterday he had been in talks with Royal Bank [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 28, 2010 FINANCIAL TIMES ICBC SAYS IT WILL RAISE £4.26BN Industrial and Commercial Bank of China, the world’s largest lender by market value, said yesterday it planned to raise up to £4.26bn in a rights issue in Hong Kong and Shanghai to shore up its capital base. The rights issue is the latest in a string of [...]
Shares in Chalco are suspended as deal with Rio nears July 28, 2010 Shares in Aluminium Corp of China (Chalco) were suspended yesterday, as a deal with Rio Tinto is expected to be finalised by this morning. Chalco shares stopped trading in both Shanghai and Hong Kong as the company said it was “discussing important issues”, according to announcements in both markets. A signing ceremony will be held [...]
Domestic demand adds to South Korea’s roar July 28, 2010 FROM shipbuilding and car manufacturing to world-class information technology and high-tech white goods, South Korea has gone from strength to strength since the 1960s. In the 1990s, South Korean multinational firms made a deliberate shift towards more high-technology goods and it is now home to well known household names such as Samsung, Hyundai, Daewoo and [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 26, 2010 FINANCIAL TIMES fears over china’s bad loans China’s banks are facing serious default risks on more than one-fifth of the Rmb7,700bn ($1,135bn) they have lent to local governments across the country, according to senior Chinese officials. In a preliminary self-assessment carried out at the request of the country’s regulator, China’s commercial banks have identified about [...]
GOOGLE HIT BY CHINA RETREAT July 26, 2010 GOOGLE’S dominant position on the global online search market slipped slightly in the second quarter, as it retreated from the Chinese market. Its market share fell to 69.7 per cent in the April to June quarter from 71.1 per cent in the previous three months. The biggest gainer on the global scale was China’s Baidu, [...]
Those with the stomach for it should go long on food demand July 26, 2010 WELSH lamb-farmers have every reason to celebrate as they edge closer to signing a lucrative export deal with China. The deal is just another of many signs that emerging markets’ growing demand for hard commodities like steel and oil is leading to a boost in demand for soft commodities like wheat and cocoa. As infrastructure [...]
Strong US profits good for recovery July 22, 2010 TWO major stories have been dominating market sentiment this week. The first was the run-up to the Eurozone bank stress tests; we will know results this afternoon but few are convinced of their rigour. It won’t quite be a whitewash but many Club Med banks will be let off too easily. The second story has [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 22, 2010 FINANCIAL TIMES TARGETFOLLOW SEEKS MPS’ HELP The owner of a large property portfolio that includes the Centre Point tower in London has enlisted the help of his local MPs to stave off administration after loans of more than £200m provided by Lloyds expired on Thursday. Targetfollow, the Norwich-based property developer managed by Ardeshir Naghshineh, has [...]