Since 2012
Rolling coverage of the latest economic and financial news, as BHP is (again) rebuffed by mining rival Anglo American
One banker has told the Financial Times that it is a surprise that BHP had returned to the fray only to give up its chase for Anglo so quickly, saying:
“I thought they’d come back and finish it. To come back and not to finish it is quite amazing.”
The bidding started at $130m for Gustav Klimt’s Portrait of Elisabeth Lederer and six bidders competed for 20 minutes at the Sotheby’s auction on Tuesday night in New York. The painting sold for a record-breaking $236.4m (£179.7m) with fees, making it the most expensive work of modern art sold at auction. It was painted between 1914 and 1916 and shows Lederer, a young heiress who was the daughter of Klimt’s patrons, draped in a Chinese robe Gustav Klimt portrait sells for $236.4m, making it the second most expensive artwork ever sold at auction Continue reading… Source link
King Leung King-chung was just like many other Hongkongers used to a comfortable life with plenty of entertainment options and different cuisines close at hand – moving to the Arabian Desert to set up a business was the furthest thing from his mind. Leung, a finance graduate from the University of Hong Kong, had started his own tech start-up that included coding for websites during his second year of study. He then became one of the youngest start-up founders among his batch to join an… Source link
Hong Kong has recorded two more imported cases of the mosquito-borne viral disease chikungunya involving a man and a woman. Both had recently travelled to mainland China. The latest cases pushed the total number of confirmed infections in the city to 70 so far this year, of which four were locally acquired, the Centre for Health Protection announced on Sunday. The man, 69, lives in Yuen Long. He visited Yunnan province with three other friends between November 9 and 16. According to preliminary… Source link