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Standard Life profit below forecasts

Insurer Standard Life posted a first half operating profit below analyst forecasts on Wednesday, hit by an increase in provisions for customers cashing in policies

Emerging Mainland West a new opportunity for HK: EC

Chief Executive Donald Tsang has concluded his three-day Hunan visit, which has helped Hong Kong entrepreneurs......

HK still preferred base for global companies

Hong Kong continues to be the preferred base for international companies to oversee their regional operations, a Census & Statistics Department survey suggests. The number of regional operations and local offices in Hong Kong operated by overseas and Mainland companies reached its highest-ever level this year, topping 6,350.

Hong Kong Stocks plunge 237 pct

Hang Seng Index closed at 17.308 pct yestoday, down 237 pcts or 1.3％，a HK$34.74 billion turnover achieved, dragged by the news of allotment of shares by China Life Insurance and China Mobile......

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Bulgaria, Romania Get 'Gradual Access' to UK Jobs

Migrant workers from Bulgaria and Romania will only be allowed gradual access into the United Kingdom after these two countries join the European Union, a UK government minister said Tuesday.

Personal Income Growth Down to 1.7 Pct. in 2Q

The US Bureau of Economic Analysis released on Tuesday personal income data for the second quarter of 2006 which showed that personal income growth slowed to 1.7 percent following two quarters of 2.2 percent growth.

EU to Investigate 'Poste Italiane' Interest Rates

The European Commission launched an investigation on Tuesday into the level of interest rates 'Poste Italiane' receives on money it has deposited at the Italian treasury since 2005.

Oil Prices are Slightly Higher

Oil prices were slightly higher Tuesday after a rally the day before lifted crude futures by almost $1 a barrel on worries that the recent drop in prices could prompt OPEC to cut production.

Budget airline Ryanair today out forward a complaint to the European Commission.

Budget airline Ryanair today out forward a complaint to the European Commission, reports Reuters.

Nokia N95 Introduced

Nokia today introduced the new all in one multimedia computer N95. Included in the computer is â€œa pioneering 2 mway slide concept, integrated GPS functionality

Global Competitors: US Drops to 6th, UK at 10th

The USA has dropped from being the most globally competitive country in the world to being the sixth in a report by the World Economic Forum released today.

Enterprise Inns Pretax Profits in Line With Expectations

Enterprise Inns Plc today that itâ€™s Board expected pretax profit and earnings per share to be in line with its expectations.

Entertainment Rights Interim Results Down

Entertainment Rights Plc today announced its interim results for the six months ended 30th June 2006.

JPMorgan Unit Botches Japan Stock Order

A unit of JPMorgan Chase & Co. botched a trade for a basket of Japanese stocks on Monday when it mistakenly sold shares linked to the wrong index, helping spark a brief fall in the market.

Ryanair Announces Deal With InviseoMedia

Ryanair today announced a five year deal with InviseoMedia to install seatback advertising across its current and future fleet of 239 Boeing 737 800 aircraft.

Economists On Climate Change: Do We care?

Will the spending needed to prevent global warming cost the world more than just sitting back, or even enjoying the possible financial benefits of a hotter planet?

Softbank to Raise $12 bln on Vodafone

Japan's Softbank Corp. (9984.T) plans to raise about $12 billion by securitizing earnings of the cell phone unit it bought from Vodafone Group PLC (VOD.L), a source close to the matter said on Tuesday, allowing it to secure funds at a lower rate than with conventional loans.

Slowing housing may cut into Street bond bonanza

Fixed income is likely to be less of an engine for profit growth for Wall Street firms as the United States housing market growth shows signs of slowing after two years of Federal Reserve interest rate hikes.

U.S. group prods China to open life insurance sector

A U.S. industry group called on China on Tuesday to streamline licensing requirements for foreign-invested life insurers seeking to expand their operations and to do away with restrictions on foreign ownership.

U.S. drops to 6th in world competitiveness ranking

The United States fell to sixth place in the World Economic Forum's 2006 global competitiveness rankings, ceding the top place to Switzerland, as macroeconomic concerns eroded prospects for the world's largest economy.

Softbank to raise billions on Vodafone

Japanese telecoms and Internet conglomerate Softbank Corp. plans to raise about 1.4 trillion yen (6.31 billion pounds) by securitising the cash flow of its Vodafone Japan operations

FirstGroup on track for first half

Bus and train operator FirstGroup said on Tuesday it had a good first half with new franchises leading to a strong performance across its UK Rail division.

Goldman to join pension buyout fray: source

Investment bank Goldman Sachs is set to cash in on changes in the life insurance sector with a new business to buy corporate pension schemes

Game Group confident for year despite Sony delay

Video games retailer Game Group said on Tuesday it was confident its full year result would be better than last year despite a delay in the launch of Sony Corp.'s Playstation 3.

RHM slips as jams and baking products struggle

RHM reported tough trading at its preserves and baking products business on Tuesday and said annual profit would be even more skewed to the second half than last year

Universal Music and WPP team up bands and brands

Universal Music, the world's largest music company, is teaming up with advertising conglomerate WPP Group to link bands and brands.

Pay deals steady in three months to August

Pay settlements held steady in the three months to August, a survey by a leading pay specialist showed on Tuesday, but most deals were worth less than a year ago.

Third of homeowners expect mortgage to last to retirement

Over a third of homeowners expect to have to work into retirement just to pay off their mortgage, according to a survey.

China blogging leaps 30 fold in four years

The number of blog sites in China reached 34 million last month, a 30 fold increase from four years ago, state media said on Tuesday, despite a series of curbs on media and dissent.

Fastow to be sentenced

Former Enron Corp. chief financial officer Andrew Fastow, whose off the books deals led to the high flying energy giant's destruction, faces a federal judge on Tuesday to find out how long he will spend in prison.

FUND FOCUS-Commodities undervalued by 30 percent

The oil price might have fallen almost 25 percent from its peak, but the commodities sector as a whole is undervalued by around 30 percent giving further opportunity for growth according to one fund manager.

China blogging leaps 30-fold in four years

The number of blog sites in China reached 34 million last month, a 30-fold increase from four years ago, state media said on Tuesday, despite a series of curbs on media and dissent.

Oil hovers above $61 after slump, eyes on OPEC

Oil held above $61 on Tuesday after rebounding from a six-month low as speculators fear a deepening fall could prompt OPEC to rein in output.

New mortgage loans up 30.6%

August saw $12.7 billion new mortgage loans approved, up 30.6% on July, while new loans drawn down fell 19.1%, to $8.4 billion, the Monetary Authority says.

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