POLITICS

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Value of total exports up 9.9%

August saw the value of total exports of goods rise to $226.2 billion, up 9.9% on the same month last year. The figure comes after a year-on-year rise of 10.7% in July.

1,000-plus views on tax reform received

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Secretary for Financial Services & the Treasury Frederick Ma says more than 1,000 submissions have been received for the tax-reform consultaton, adding the proposed sales tax is the best option to maintain Hong Kong's competitiveness and broaden its tax base.

RHM says Mr Kipling recovering

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RHM reported continued recovery in its Mr Kipling cakes brand on Tuesday, but said high wheat prices and marketing spend meant annual profit would be even more skewed to the second half than last year.
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FTSE edges up led by miners

The FTSE 100 index edged up on Tuesday, led by miners after metal prices rose overnight and oil bounced, but weighed by tobacco stocks.
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Vice-Premier backs HK

Vice-Premier Wu Yi has reiterated the Central Government's staunch support to Hong Kong in maintaining its role as an international finance, trade and logistics hub.
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Renault, Nissan, GM talks progress

Renault and Nissan are making progress in talks with General Motors Corp about forming a three-way alliance but the outcome is still open, Carlos Ghosn said in a newspaper interview.
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Former CEO sentenced to 15 years jail

The former chief executive of one of the US's largest makers of paper products was sentenced to 15 years in prison after being convicted last year of engineering a $US300 million ($A400 million) fraud in a fruitless bid to save the failing company from bankruptcy.
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Many breadwinners underinsured: survey

As the author CS Lewis once put it, 100 per cent of us die. But this statistic seems to be lost on many Australians, with too many bread winners punting on longevity, leaving them underinsured when it comes to supporting their families if they suddenly die, a new survey shows.
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US home sales dip a 'more stable' market

The pace of existing home sales in the United States fell for a fifth straight month in August and prices dropped from year-ago levels for the first time in 11 years, a US realtors group said.
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Cole inquiry to release AWB documents

More than 300 secret documents linked to the AWB kickbacks scandal are expected to start being released on Tuesday as the long-running Cole inquiry resumes its public hearings.
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Telstra CEO against board appointment

Telstra is warning the forced appointment of former federal government spin doctor Geoff Cousins to the company's board could affect the sell-off of the government's final stake in the telco.
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Banton laments lack of Hardie compo

If only James Hardie Industries could pay compensation as fast it doubled its own directors' pay, disgusted victims advocate Bernie Banton lamented.
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Oil plunges below US$60 a barrel

Oil prices fell below $US60 a barrel for the first time in six months on Monday amid signs of growing petroleum inventories and after BP said it had permission to resume working the eastern half of Alaska's Prudhoe Bay oil field.
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US Syndicated Credit Rises

The federal reserve bank issued a statement on Monday noting that the volume of syndicated credit has risen rapidly reflecting a rise of 15 percent in merger and acquisition activity over the past year while quality control has declined slightly over the last year.
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'Brand Sirens': the New Generation of Consumers

Young teenage consumers between the ages of 13 and14 not only spend $600-billion each year on products, they also talk often to their friends about the brands they buy, according to a new study.
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BPI Ask Government for Inclusion on Tax Credit Scheme

The British Phonographic Industry has appealed to the Government to have the recording industry’s search for new music talent included in the Government’s research and development tax credit scheme.
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PZ Cussons Operating Profit Up

Anthony Green, Chairman of PZ Cussons Plc, today made a statement at the shareholders AGM. In it he announced that operating profit before exceptional items had increased by 13% to £60.2m.
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Lebanon hopes UN force can boost tourism

Lebanon will lose about $2 billion in tourism revenues this year due to a month-long war but the tourism minister is hoping a 15,000-strong U.N. peacekeeping force will help revitalise the industry.
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Nokia Aim to Sell 80m Music Devices

Nokia today announced the release of “a selection of enhancements to heighten your mobile and music experience,” a statement said today.
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Nokia Photokina Exhibition 2006

Nokia today began a weeklong display of its latest imaging achievements at Photokina 2006. The event is to highlight “the benefits that mobility brings to imaging” a statement said. The exhibition contains all the latest Nokia Nseries multimedia computers.
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Close Brothers posts record profit

Close Brothers posted a record pre tax profit of 157 million pounds for the 2006 financial year, slightly above consensus estimates, boosted by strength in all its businesses, the UK bank said on Monday.
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Aberdeen hit by drop in dollar

Aberdeen Asset Management's assets under management fell by 3.9 percent over the five months to the end of August, primarily as a result of a fall in the value of the U.S. dollar.
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Minerva drops plans for skyscraper

Property group Minerva has dropped plans to build what would have been the City of London financial district's tallest office block, saying on Monday the project was too big for a company of its size.
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Lenovo Investigates Sony Battery-run Laptop Fire

Lenovo Group Ltd.(0992.HK), the world's third-largest personal computer maker, said on Monday it is looking into a fire incident on a Lenovo laptop PC equipped with a Sony Corp. (6758.T) battery.
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Standard Life finance director steps down

Standard Life Finance Director Alison Reed will step down next month, the insurer said, ending a week of speculation about her future that has prompted concerns over management changes at the former mutual.

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