* Govt says economy to face pressure as trade tensions drag on
HONG KONG Hong Kong's economy grew at its slowest annual pace in nearly 10 years in the first quarter, an advance government estimate showed on Thursday, hit by a slowdown in exports and investment.
HONG KONG Hong Kong property developer CK Asset Holdings is open to bidding for debt-laden HNA Group's stake in Irish aircraft lessor Avolon Holdings if it were put up for sale and is eyeing other overseas deals as it pushes for stable revenue sources.
* Says open to bid for HNA stake in Avolon if put up for sale (Adds CK Asset shares)
* Says open to bid for HNA stake in Avolon if put up for sale
HONG KONG, March 21 CK Hutchison Holdings Ltd , the ports-to-telecoms arm of retired billionaire Li Ka-shing, said it does not feel Chinese companies are being barred from M&A opportunities in the global markets, even though its bid in Australia was blocked.
HONG KONG, March 19 Fosun Tourism Group will adopt an asset-light strategy and run under management contracts the Club Med resorts it plans to launch in China and other countries over the next few years, its chairman told Reuters.
SINGAPORE/HONG KONG Cathay Pacific Airways Ltd is "reasonably optimistic" about passenger and cargo markets this year despite recognizing challenges ahead, its chairman said, after the Hong Kong airline earlier reported a profit for the first time in three years.
* Jan retail sales value up 7.1 pct y/y, volume up 6.9 pct y/y
HONG KONG/SINGAPORE Hong Kong flagship carrier Cathay Pacific Airways Ltd said on Tuesday it is in "active discussions" about an acquisition involving budget airline Hong Kong Express Airways Ltd, although an agreement has yet to be reached.
Iran is still short of the maximum amount of enriched uranium it is allowed to have under its deal with major powers but it is on course to reach that limit at the weekend, the latest data from U.N. nuclear inspectors shows, diplomats say.