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Hong Kong launches major international art fair
Hong Kong has launched its biggest international art fair in a decade as it aims to solidify its place as the Asian hub of the global art market
Moneylenders rapped over collection tactics
Takefuji, one of Japan’s largest moneylenders, has been censored by regulators for offending a customer with insensitive music
Activist resigns from Hong Kong exchange
Hong Kong’s most outspoken corporate governance activist has accused the government of interfering in the running of the Hong Kong stock exchange operator and resigned from its board
Sun Hung Kai drama reaches new heights
For 18 years since the death of Kwok Tak-seng, his three sons have stood united at the head of the real estate empire he helped found
Court case reveals Kwok family dispute
A family power struggle for control of one of Hong Kong’s biggest quoted property developers boiled over in public as the chairman won a last minute court injunction to stop what he claimed was a boardroom coup led by his two younger brothers
Shaw moves to shed TVB stake
Sir Run Run Shaw, the founder and chairman of Television Broadcasts, is in talks to sell his stake in the world’s leading Chinese language broadcaster, attracting interest from international private equity groups
Macquarie pulls out of toll road bid
Banks that were contracted to finance a bid by a consortium of Australia’s Macquarie and Cintra, the Spanish toll road operator, to run the Pennsylvania Turnpike are now looking elsewhere
Mizuho hit by surprise subprime losses
Subprime losses at Mizuho Financial Group were Y80bn more than its estimate about a month ago but it provided some cheer for investors by forecasting an 80 per cent rise in annual profit
Sony forecasts 20% rise in profits
Sony pledged to bring its troubled video game and television businesses into profit in the coming year and forecast a stronger than expected 20 per cent jump in annual earnings
Tesco pays nearly £1bn for Korean stores
Tesco is breaking its decade-long pursuit of overseas organic growth, with a nearly £1bn purchase of a chain of hypermarkets in South Korea
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